Pricing
For each Handbag Collection and Accessory Category, you will collect the effective pricing. For each Collection and Category, we collect the Effective Pricing. The effective price includes any and all associated discounts and/or promotions occurring at the time of purchase. Basically, what we want to know is how much would this item be if you purchased it right then?
Collecting Min, Max, Mode
For each product category, you will collect the Min, Max, and Mode effective pricing by Category or Collection. NOTE: Record the exact price - don't round!
Minimum price:
- The lowest selling price in the store for all items in a specific Collection or Category
- This includes any inventory that is on promotion
Maximum price:
- The highest selling price in the store for all items in a specific Collection or Category
Mode price:
- The most common selling price in the store for all items in a specific Collection or Category
- Not the average or a calculation rather, it price seen the most often for that particular category.
- Think of this as the answer to the question, "How much is the typical Saffiano bag?"
- Note: We will only collect MODE prices in the Retail stores, if you are assigned to an Outlet store, you do not need to collect MODE prices
Comments
0 comments
Article is closed for comments.