Fashion Merchandising Range Plan – Individual Project The project requires that

Fashion Merchandising Range Plan – Individual Project
The project requires that you work individually to develop a Fashion Range Plan. I would like each student to pick a fashion or beauty retail company. It can range anything from a large retail chain to a small boutique. It can be a bricks and mortar retailer or an online one. Assume you are the Fashion Merchandiser for that company and you have been asked to develop a Fashion range plan for that company. Use the guidelines below to create your plan.
The items you will be merchandising are for Winter 2023. Also, you have a budget of $100,000 so your total costs for all your items cannot exceed your budget of $100,000.
Total grades for your project is 100 points.

Retail Company Description: (It should be an existing company)Detailed description of the company including headquarters, size, number of locations, etc (where applicable)
Make sure that you include the specific location of the branch you will be working out of or if online, provide the Web address
Describe the products that the company sells
2. Description of the Fashion/Beauty Line that you will be Managing/MerchandisingDetailed description of your Fashion Line
Give it a name
Explain why you selected this fashion Line
Which country will the items be manufactured in
How long will it take from the time you design the items to the time when you receive it in the store
Specific months when you plan to sell these item (Specific Dates)
Identify and describe 5 specific items from your fashion Line that you will be working on for this plan
A fashion line refers to a category of clothing or accessories that a designer creates, typically targeting the same customer base. Examples could be creating a line of sustainable wedding dresses, or plus size athleisure wear, or high-end street wear, or jewelry made of natural products such as bamboo, or low priced jewelry all under $5, or lower priced prom dresses targeted at low income customers, or T shirts targeting Lacrosse fans, or clothing for people with disabilities, or Wigs and accessories for people with cancer, or any other type of fashion or beauty line that you choose to pick. There are millions of ideas you can pick from.
Customer Analysis (Very detailed description):Identify and describe in detail, your primary target for your fashion line using categories such as demographics, location, Psychographics, etc.
Range Plan
You need to create a range plan for 5 specific items out of your Fashion/Beauty Line. Provide information about each of the items below:
Range Plan – Item 1
Item Details:
Sketch – Provide drawing or photo of item
Style
Fabric
Color
Sizes
Financials:
Retail Selling Price per item
Cost price per item
Margin per item (Margin = Retail Selling Price per item – Cost Price per item)
Margin Percent per item = (Retail Selling Price per item– Cost Price per item) / (Retail Selling Price per item) *100
Total Order quantity (How many you will order)
Total Cost per item = (Cost price per item * Total Order Quantity)
Total Retail Sales per item = (Retail Selling Price per item * Total Order Quantity)
Total Margins per item = Total Retail Sales per item – Total Cost per item
Summary: Explain why you made the decisions in Item Details (b-e) and Financials (a and b)
Range Plan – Item 2
Item Details:
Sketch – Provide drawing or photo of item
Style
Fabric
Color
Sizes
Financials:
Retail Selling Price per item
Cost price per item
Margin per item (Margin = Retail Selling Price per item – Cost Price per item)
Margin Percent per item = (Retail Selling Price per item– Cost Price per item) / (Retail Selling Price per item) *100
Total Order quantity (How many you will order)
Total Cost per item = (Cost price per item * Total Order Quantity)
Total Retail Sales per item = (Retail Selling Price per item * Total Order Quantity)
Total Margins per item = Total Retail Sales per item – Total Cost per item
Summary: Explain why you made the decisions in Item Details (b-e) and Financials (a and b)
Range Plan – Item 3
Item Details:
Sketch – Provide drawing or photo of item
Style
Fabric
Color
Sizes
Financials:
Retail Selling Price per item
Cost price per item
Margin per item (Margin = Retail Selling Price per item – Cost Price per item)
Margin Percent per item = (Retail Selling Price per item– Cost Price per item) / (Retail Selling Price per item) *100
Total Order quantity (How many you will order)
Total Cost per item = (Cost price per item * Total Order Quantity)
Total Retail Sales per item = (Retail Selling Price per item * Total Order Quantity)
Total Margins per item = Total Retail Sales per item – Total Cost per item
Summary: Explain why you made the decisions in Item Details (b-e) and Financials (a and b)
Range Plan – Item 4
Item Details:
Sketch – Provide drawing or photo of item
Style
Fabric
Color
Sizes
Financials:
Retail Selling Price per item
Cost price per item
Margin per item (Margin = Retail Selling Price per item – Cost Price per item)
Margin Percent per item = (Retail Selling Price per item– Cost Price per item) / (Retail Selling Price per item) *100
Total Order quantity (How many you will order)
Total Cost per item = (Cost price per item * Total Order Quantity)
Total Retail Sales per item = (Retail Selling Price per item * Total Order Quantity)
Total Margins per item = Total Retail Sales per item – Total Cost per item
Summary: Explain why you made the decisions in Item Details (b-e) and Financials (a and b)
Range Plan – Item 5
Item Details:
Sketch – Provide drawing or photo of item
Style
Fabric
Color
Sizes
Financials:
Retail Selling Price per item
Cost price per item
Margin per item (Margin = Retail Selling Price per item – Cost Price per item)
Margin Percent per item = (Retail Selling Price per item– Cost Price per item) / (Retail Selling Price per item) *100
Total Order quantity (How many you will order)
Total Cost per item = (Cost price per item * Total Order Quantity)
Total Retail Sales per item = (Retail Selling Price per item * Total Order Quantity)
Total Margins per item = Total Retail Sales per item – Total Cost per item
Summary: Explain why you made the decisions in Item Details (b-e) and Financials (a and b)
Total Financials for all 5 Items Combined
In this section, I want you to calculate the Total Margins/Profit that you will make on those 5 items as a result of your plan. I also want you to calculate the margin percentage for all the items combined.
Formula to calculate Total Margins/Profit:
Total Sales – Total Cost = Total Margins/Profit
Total Sales is calculated by combining Total Retail Sales Per Item for all 5 items
Total Cost is calculated by combining Total Cost per Item for all 5 items
Formula to calculate Total Margins%:

(Total Sales – Total Cost)/ (Total Sales*100)
Total Sales is calculated by combining Total Retail Sales Per Item for all 5 items
Total Cost is calculated by combining Total Cost per Item for all 5 items
Information about Range Plans
Range Plan for Designers https://www.the-sustainable-fashion-collective.com/2015/06/11/what-is-a-range-plan-for-fashion-designers
How to build a fashion range plan Part 1 https://www.youtube.com/watch?v=n86yM8AZ2eo
How to build a fashion range plan Part 2 https://www.youtube.com/watch?v=LMRUFp_UZxQ