By Altman & Co.
Over seven hundred black-and-white illustrations, distinct descriptions, and costs for an unlimited array of upscale women's clothes and accessories seem between those highlights from infrequent Nineteen Twenties B. Altman & corporation catalogs. Stylized drawings of flappers depict subtle attire, bathing fits, cloche hats, footwear, and extra. a variety of dresses for males and youngsters is integrated.
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Extra resources for 1920s Fashions from B. Altman & Company
Second, we demonstrate that the convexity of the promotion return on sales determines whether the retailer tends to keep its pass-through rate confidential. Third, we find that the SB trade deal accompanied by the buyback (BB) contract can serve as a win-win solution to maximize profits for the retailer and the manufacturer. The rest of this chapter is organized as follows: In “Modeling Background,” we explain the model framework. In ”Model Analysis,” we determine optimal order sizes and expected profits for four different scenarios.
R = rθ) for the given total trade promotion budget of the manufacturer, R. Note that the same promotion effort per unit will result in the same amount of sales for the two scenarios. Therefore, our discussion compares the two promotion deals assuming an equivalent promotion effect on customers, in other words, equivalent sales. Proposition 2 summarizes whether or not the retailer or the manufacturer can increase expected profits by switching from the OI to the SB trade deal. Proposition 2. (Incentive for the Retailer and the Manufacturer) When promotion effort per unit is set as equivalent for both trade deal modes for a given R, we have: 27 Trade Promotion Mode Choice and Information Sharing in Fashion Retail Supply Chains a.
The profit functions for the SB model are formulated for the given r as follows. The retailer’s expected profit (π2r): π2r = (p+r)S(q,r) − wq − g(r) = (p+r)S(q,r) − wq − krq. 1. Scenario 1 (OI Trade Deal) The profit functions are formulated for the given 0 ≤ θ ≤1, R and rθ as follows. The retailer’s expected profit (π1r): π1r = pS(q,rθ) − wq − g(rθ) + R = pS(q,rθ)− wq −krθq + R, where S(q,rθ) is the expected sales defined as q S(q,r θ )=q(1−F(q| r θ )) + ∫ yf ( y | rθ )dy = 0 q q − ∫ F ( y | rθ )dy .
1920s Fashions from B. Altman & Company by Altman & Co.