India Retail News

Chain-wide merchandise planning translates high-level financial plans into specific financial plans within the merchandising hierarchy. Best practice retailers develop chain-wide plans at the company, division, department, class, and possibly sub-class level. Plans may also be totaled and tracked by GMM, DMM, and buyer or by other relevant reporting levels. Plans are developed at the season, month, and week level in units and dollars, although planning season may need to overlap.