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Elements and Performance Criteria

  1. Analyse visual merchandising trends.
  2. Develop the visual merchandising concept and strategy.
  3. Develop and manage implementation of visual merchandising strategy.
  4. Evaluate outcomes of visual merchandising strategy.

Required Skills

Required skills

analytical and problemsolving skills to analyse visual merchandising trends and store capacity to implement strategies

communication and interpersonal skills to

negotiate the implementation of selected visual merchandising concepts

prepare complex business reports

decisionmaking skills to select strategies and resources

numeracy skills to

conduct financial analyses

set budgets

lateral and creative thinking skills to conceptualise visual merchandising strategies to provide a competitive edge for the organisation

initiative and enterprise skills to support

performance management

project management

project planning

staff development

strategic analysis

literacy and numeracy skills to report on strategy outcomes

technology skills to use computer applications

timemanagement skills to plan and prioritise work

technical skills to apply visual merchandising techniques

Required knowledge

contemporary retail concepts models and techniques including product placement grouping and branding

financial analytical techniques

work health and safety requirements

organisational strategy policy and procedures relating to visual merchandising strategies

product knowledge

sales techniques

staff management principles

Evidence Required

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the following is essential

develops broad understanding through research and analysis of the trends and directions in visual merchandising and community expectations

undertakes consultation and planning to develop and document effective visual merchandising concept and strategy

shows management skills in using resources effectively and plans for the implementation of the visual merchandising strategy

analyses outcomes of the visual merchandising plan

Context of and specific resources for assessment

Assessment must ensure access to

a retail work environment

a current range of text and online information sources on

community trends impacting on particular brands and ranges

seasonal trends

local and overseas visual merchandising directions

store staff

a visual merchandising budget

sales performance data

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit

observation of performance in the workplace

a role play

answers to questions about specific skills and knowledge

review of portfolios of evidence and thirdparty workplace reports of onthejob performance

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the individual, accessibility of the item, and local industry and regional contexts) may also be included.

Seasonal trendsmay include:

colours

fabrics

sizes

styles

themes and concepts.

Community trendsmay include:

fair trade factors

economic factors influencing move towards luxury or austerity goods

green or sustainability factors

new media, such as social networking media

product country of origin and ‘buy local’ factors

social phenomena that influence fashion, such as films, music and sport.

Relevant stakeholdersmay include:

buyers

store managers

visual merchandising team.

Visual merchandising strategymay include specification of:

colours and styles

lighting and staging

positioning of products, stands and fittings

products to be promoted

start and completion dates for the strategy

ticketing.

Performance may be measured by:

customer satisfaction ratings

financial analysis using techniques, including:

balance sheet analysis

break even analysis

cash flow analysis

cost-benefit analysis

daily sales and trend analysis

gross profit

profit and loss analysis

return of assets analysis

return on investment (ROI) analysis

sales per employee

sales per square metre of floor space

sales to inventory ratio

stock turnover rate

mystery shopping reports

number of business referrals

performance in industry benchmarking studies

staff feedback received

volume of repeat business.