Future Lifestyle Fashion Department Manager Interview Questions and Answers

Shrinkage can be controlled by implementing strict inventory management procedures and employee training.

• Regular inventory audits to identify discrepancies

• Implementing security measures such as CCTV and security tags

• Employee training on proper handling and reporting of inventory

• Establishing a culture of accountability and transparency

• Collaborating with vendors to reduce damages and losses

• Analyzing sales data to identif

KPIs, or Key Performance Indicators, are measurable values that demonstrate how effectively a department is achieving its objectives.

• KPIs help track progress towards goals and provide insights for decision-making.

• They vary depending on the department and its specific objectives.

• Examples of KPIs for a Department Manager may include sales revenue, customer satisfaction ratings, employee productivity, and cost reduction.

• K...read more

Department contribution is calculated by subtracting the department's total expenses from its total revenue.

• Department contribution = Total revenue - Total expenses

• Revenue includes sales, fees, and other income generated by the department

• Expenses include salaries, rent, utilities, and other costs incurred by the department

• Department contribution is a measure of the department's profitability and financial performance

SPF stands for Sun Protection Factor and is a measure of how well a sunscreen will protect skin from UVB rays.

• SPF is calculated by comparing the amount of time it takes for skin to burn with and without sunscreen.

• SPF 30 means it will take 30 times longer for skin to burn with sunscreen than without.

• SPF only measures protection against UVB rays, not UVA rays.

• Higher SPF does not necessarily mean better protection, as it ...read more