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Syracuse UniversitySURFACE
Syracuse University Honors Program Capstone
Projects Syracuse University Honors Program Capstone
ProjectsSpring 512013OffPrice vs. Department Store Retailing
Denise Again
Syracuse
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What is off-price vs?
Off-price vs refers to the reporting of discounted or clearance merchandise in retail accounting.
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Retailers and businesses that sell discounted or clearance merchandise are required to file off-price vs.
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The purpose of off-price vs is to accurately track and report sales and inventory of discounted merchandise in order to analyze profitability and make informed business decisions.
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Information such as the original price of the merchandise, the discounted price, quantity sold, discounts applied, and any promotions or markdowns must be reported on off-price vs.
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