Apparel Costing

Andrea Kennedy is founder of Fashiondex.com and an Assistant Professor of Fashion Merchandising at LIM College. As a designer, she has worked with many labels, including Bob Mackie, Sunny Leigh, Calvin Klein, and Ann Taylor.Andrea Reyes is an Adjunct Professor at LIM College, The Fashion Institute of Technology, Baruch College, USA. She is also the Chair of the NYC Fair Trade Coalition a network of ethical business owners and advocates as well as co-founder of A. Bernadette, a sustainable lifestyle brand which hosts educational sustainable travel retreats.Francesco Venezia is an Adjunct Professor at The Fashion Institute of Technology, Baruch College of Continuing and Professional Studies and LIM College in New York City. He has worked in the fashion industry merchandising at Ralph Lauren, Calvin Klein Underwear and Luxottica Eyewear. Francesco is also the founder of his own jewelry brand, VITA E LIBERTA.

An essential tool for understanding the intricate methods of costing products, going deeper into key topics such as factory sewing costs with comprehensive SAMs descriptions, markup formulas and costing stages in a multi-channel retail environment. An accessible and concise guide that fuses theoretical concepts with industry application.

• AcknowledgmentsPrefaceIntroduction1. Costing BasicsThe Role of CostingThe Costing TimelineCosting Terms and VocabSummary2.Traditional Apparel CostingIntroductionFirst CostMarkupSummary3. Global Production Sourcing and CostingIntroductionEffects of Global Production on CostingInternational Costing TermsDirect Factory Sourcing Buying Office and Sourcing Agent FeesFreight Forwarding ChargesCustoms Clearance FeesDutySummary4. The Factors of CostingIntroductionDirect versus Indirect Cost FactorsFixed versus Variable CostsCase Study: The Costs of Missing FabricSummary5. Activity-Based and Product Development CostingActivity-Based CostingProduct Development and SamplingEstimating Product Development CostsProduct Development CostsSummary6. Target Market and Private-Label PricingIdentifying Your Target CustomerTypes of PricingCompetitor ResearchTarget Market CostingValue-Based versus Cost-Based PricingPrivate-Label PricingPrivate-Label Pricing Has a Competitive AdvantageSummary7. Margins, Markups, and MarkdownsProfit MarginsOmni-Channel RetailingDiscountsMarkdownsChargebacksMarkdowns, Discounts, and Chargebacks on the Cost SheetRecording ProfitabilityMeeting the Customer’s NeedsWinning the Profit GameCase Study: Using Existing Styles for Off-Price DivisionsCase Study: Amazon Case StudySummary8. Ways to Cut CostsIt Starts with the SampleWatering Down the LineThe Cost Is in the FabricThose Trims and Notions Add up TooNegotiations with VendorsNegotiating and Reducing Costs to Achieve Profit MarginAnd What about Indirect Cost-Cutting?Case Study: A. BernadetteSummary9. Costing for Today’s Sustainably Minded MarketBlockchain TechnologySummaryGlossaryReferencesCompanion Website ResourcesSample Cost SheetsIndex