EPISODE · Oct 20, 2024 · 12 MIN
Margin Math Made Simple: How to Calculate Profit on Every Line You Buy
from Thrive in Fashion Buying and Merchandising · host Elisabeth Mac Hale
In this episode, host Elisabeth Mac Hale tackles a key concern for many branded buyers: maintaining healthy profit margins when designer brands come in with lower markup multipliers. Elisabeth explains what a "good" markup is and what to do when you’re faced with designer brands offering much lower multipliers.Learn how to balance profitability with brand appeal, strategies for negotiating better terms, curating your assortment strategically, and how to compensate for lower margins by driving value elsewhere. This episode will give you practical insights to keep your margins strong while staying true to your brand mix.Tune in to discover actionable strategies for managing markups and maintaining profitability in fashion buying!Links & Resources:Take the free Buyer-Ready Assessment: https://designdirectiveme.com/buyer-ready-assessmentOnline Buying Course: Thrive in Fashion BuyingConnect with Elisabeth:Podcast: Thrive in Fashion Buying and Merchandising on Spotify, Apple Podcasts and You Tube or wherever you listen to your podcastsInstagram: @designdirectivedubaiLinkedIn: Elisabeth Mac HaleWebsite : The Design Directive If this episode was useful, please leave a review on Apple Podcasts — it helps the show reach more buyers who need it. And share it with someone who has a review coming up.
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Margin Math Made Simple: How to Calculate Profit on Every Line You Buy
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