Question

Provide a thoughtful 250+ total word response to the following questions (you will need to answer all parts of this question) by clicking REPLY below. Please separate your answers to clearly differentiate your answers to each question below. It makes it easier to see your specific response to each part.

DQ4 – Staples? Yeah, We’ve Got That

What are the differences among staple, fashion and seasonal merchandise? NOTE: Don’t just explain what each is, I want you to explain the differences between them.

Give an example of products that you (or someone you know) have purchased in each of these categories. (Please do not use examples given in the textbook or by other students)

How should a merchandise planner manage these types of merchandise differently?

Would the merchandise planner manage these differently between brick-and-mortar and online stores? Why or why not?

Answer 1

BASIS	STAPLE	FASHION	SEASONAL
what type are of they	regularly required items	required according to the taste and choice preference	required according to the seasonality of item
demand	predictable	unpredictable	predictable during the season
forecast	accurately	inaccurate	duo as depend upon season
enlisted item type	necessary or basic items	trendy or taste in trend items	seasonal trend item
priority while buying by merchant	continous stock replenishment	open to buy depending upon the consumer demands	continous during season
example of closet	undergarments , socks, hankerchief	party wear clothes, occassional clothes	winter wear or summer wear
when to buy what kind of category	these should be updated before the clearance of previous stock to make stock as margin of safety.	keep few for attracting consumers to show off and buy during the demand created by consumers.	buy during the season but in limited and rest depending upon the demand.

further ,merchant should go for brick and motor for the stapple category and few of fashion category to be kept in brick and motor category to encourage consumers and rest of the seasonal as well as fashion to be merchandise through online stores because they are purely dependent upon consumer choice and if you create buffer stock and consumer choice changes you are left with obsolete good or services which result out in losses.