Lululemon] Lululemon Athletica wants to determine If its store in the Memphis ar
ID: 435297 • Letter: L
Question
Lululemon] Lululemon Athletica wants to determine If its store in the Memphis area is using its retail space effectively in comparison to its top competitors. They decide to analyze this comparison by using the net sales per square foot metric. The table below represents the total sales, returns, and square footage of each store. Lululemon AthleticaNikeUnder UnderColombla Armour Sportswear Store Total Sales $5,100,000 $6,500,000 $4,500,000 $2,650,000 Returns $90,000 $100,000 $140,000 $35.00o Square Footage 7,500 sq. 10,000 sq. 6,500 sq. 4,000 sq. Which of the above stores is utilizing its space most effectively and what is its net sales per square foot? Note: This question contains a table with five columns and four rows. If your table does not appear or is incomplete, notify your proctor immediately and request that they take a screenshot for the incident report.]Explanation / Answer
34) Net sales per square foot can be calculated by (Total sales - Returns) / Square footage. Using this formula, Under Armour is utilizing the space most effectively and has a net sales per square foot of 670.77
[beauty] Rack jobbers is the best choice to furnish the display shelves, perform all channel functions and to sell on consignments.
[Houzz]The app is useful in facilitating sales. The functionality of rotating and resizing the furniture and viewing it in the context of their existing room furnishings will help the customers in making better decisions thereby increasing the customer satisfaction levels. The app will also help in selling the products since customers are getting a better understanding of the product they are going to buy. Otherwise, they may drop the idea of buying it because of difficulty in decision making.
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