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MODULE DESCRIPTOR
Module Title
Financial Merchandising For Fashion
Reference CB3193 Version 3
Created February 2024 SCQF Level SCQF 9
Approved June 2018 SCQF Points 15
Amended April 2024 ECTS Points 7.5

Aims of Module
To enable the student to operate a financial merchandising sales, stock and forecasting system which will allow analysis and reporting at a senior management level in a multiple retailer organisation.

Learning Outcomes for Module
On completion of this module, students are expected to be able to:
1 Produce a sales, stock and forecasting system used by a typical multiple retailer.
2 Create realistic sales performance reports suitable for presentation to a senior management team.
3 Evaluate the sales analysis techniques utilised in practical decision-making in the retail environment.

Indicative Module Content
The Financial Merchandising for Fashion module provides the student with a variety of key skills pertinent to the successful analysis and planning required by merchandisers and buyers in the fashion retail sector. Students will learn the importance of financial forecasting, range planning, and understand weekly sales and stock indicator reports at department, category, and line level. Additional elements of the module focus on supply chain distribution, retail analysis, mark-down management, stock allocation administration, seasonal budgets and open-to-buy planning. The module engages students with UNESCO's Education for Sustainable Development anticipatory competencies, by providing them with the ability to understand and evaluate multiple futures - possible, probable, and desirable and in turn, will allow students to assess the consequences of actions, and to deal with risk and changes.

Module Delivery
Key concepts are introduced and illustrated through lectures and directed reading. The students' understanding is further enhanced through student centred learning exercises, workshop tutorials and computer laboratories sessions. In the computer laboratories the students will progress through a simulation exercise relating to the live retail environment.

Indicative Student Workload Full Time Part Time
Contact Hours 32 N/A
Non-Contact Hours 118 N/A
Placement/Work-Based Learning Experience [Notional] Hours N/A N/A
TOTAL 150 N/A
Actual Placement hours for professional, statutory or regulatory body    

ASSESSMENT PLAN
If a major/minor model is used and box is ticked, % weightings below are indicative only.
Component 1
Type: Coursework Weighting: 100% Outcomes Assessed: 1, 2, 3
Description: Individual Portfolio Assessment

MODULE PERFORMANCE DESCRIPTOR
Explanatory Text
The calculation of the overall grade for this module is based on 100% weighting of C1. An overall minimum grade D is required to pass the module.
Module Grade Minimum Requirements to achieve Module Grade:
A The student needs to achieve an A in C1.
B The student needs to achieve a B in C1.
C The student needs to achieve a C in C1.
D The student needs to achieve a D in C1.
E The student needs to achieve an E in C1.
F The student needs to achieve a F in C1.
NS Non-submission of work by published deadline or non-attendance for examination

Module Requirements
Prerequisites for Module None.
Corequisites for module None necessary
Precluded Modules None necessary

INDICATIVE BIBLIOGRAPHY
1 CLARK, J., 2015. Fashion Merchandising: Principles and Practice. London: Palgrave Macmillan.
2 GUTHRIE, K.M., 2009. Perry's department store: a buying simulation for juniors, menswear, childrens wear and home fashion/giftware. 3rd ed. New York: Fairchild.
3 LEVY, M. and WEITZ, B., 2012. Retailing management. 8th ed. New York: McGraw-Hill/Irwin.
4 EASTERLING, C. et al., 2012. Merchandising mathematics for retailing. 5th ed. Upper Saddle River, N.J.: Pearson/Prentice Hall.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781