Margin Math Made Simple: How to Calculate Profit on Every Line You Buy episode artwork

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. 

Episode metadata supplied by the publisher feed · Published Oct 20, 2024

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Margin Math Made Simple: How to Calculate Profit on Every Line You Buy

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