Introduction
Japanese fashion label UNIQLO Co, Ltd, is a global retail chain owned and operated by a parent company - Fast Retailing. Other global retail brands owned and operated by the Fast Retailing includes GU, Theory, Comptoir des Contonniers, Princess Tam and J Brand. UNIQLO operates 39 franchises as of March 31, 2016. UNIQLO’s headquarters are located in Yamaguchi, Yamaguchi Prefecture, Japan. The company’s name UNIQLO, comes from “unique” and “clothing”, this is especially true because UNIQLO’s clothing are very different to other high fashion brands.
Unlike high fashion brands such as Zara, H&M, Marks &Spencer, Topshop and other clothing brands which sells fashion items that focus on trends and high fashion looks from runway and translating into cheap garments, UNIQLO peddles its utilitarian product with reasoning most people don’t in fact get around high fashion looks direct from the runway. Urban basics in the casual category ranges from t-shirts, sweaters and jumpers, denim jeans, jackets, underwear, shoes and accessories (hats and scarves). By focusing on core products in a limited range of fabrics, UNIQLO consolidates its fabric buys into mass producing affordable basics in dozens of colours that give it greater negotiation power, thus cheaper prices for the consumer.
Objectives and goals
The objectives of this feasibility study is to analyse and evaluate a proposed franchise opportunity as a start-up business to determine whether it would be
The business that I want to open would be a franchise of a McDonald’s restaurant. McDonald’s is a fast-food restaurant that serves a variety of products, but is mostly known for its
1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with this, a franchise already has an established brand name, quality of goods and service which have been standardized across the franchisor’s larger company, and national advertising programs from franchisors. Franchises also have large-volume, centralized buying power. A franchise has proven products, and
In business there are no guarantees for success. Skills, knowledge, great motivation and honest evaluation of ability to carry out and then manage the operations are just some of the requirements that determine the probability of the successful project. Success is never automatic and does not rely on luck. There are no ways to foresee or eliminate all of the risks that might affect successful operation of a new business. However detailed planning, thorough analysis and well-carried out organization create good potential for a new business. In the provided case study, we will assess the probability of success for Icedelights franchise in Florida. Analysis will be done through evaluation of each step in the decision making process, close
J.Crew as an iconic brand targeting young working professional by focusing on preppy and classy look failed in identifying brand focus. Also, their business model is performing poorly in the fast-fashion industry compare to traditional competitors, with its high prices, diverging quality, and undesirable brand image. Hence, the brand perception by customers has changed and many of them prefer to purchase the discounted products rather than full-priced items.
First, we will evaluate what we thought were pro’s for opening up a franchise. One concept that we liked the most was that a franchise operates very similarly to
1b) What advantages are there to not franchise the restaurants? Do you think they ought to franchise restaurants down the road? What advantage would that be for the company?
Urban Outfitters, often referring to itself as simply ‘UO’, is the corporate entity that includes retail chains Urban Outfitters, Anthropolgie, Free People, Terrain, and BHLDN, has became the greatest global retailer in the world. Back in the beginning, the first Urban Outfitter store was opened on a street nearby Pennsylvania University in 1970 by Dick Hayne and Scott Belair, both are the company’s chief executive officers (CEO). The first store’s name was Free People and it sold furniture, second-hand clothing, accessories, and decorative items. The store’s target market was young people, especially college students and it continues to dominate this market segment.
Urban Outfitters is a growing clothing corporation; its popularity has grown from a small store in Philadelphia into a large, multinational company operating in ten countries. Urban Outfitters is an American retail store that was founded in 1970 by Richard Hayne and Scott Belair that were retail novices. In the United States, Europe, and Canada there are over 130 stores and over 400 stores across the world. The company is labeled as a retro, hipster, bohemian, and stylish merchandiser that caters to the 18 - 30 age group. It uses past fashion trends to influence their hipster theme shown through their clothing, shoes, accessories, and housewares. The company manages 5 brands: Urban Outfitters, Anthropologie, Free People, Terrain, and BHLDN.
Uniqlo sells basic apparel and has a wide range of items on its shelf, it is a necessity for daily lifestyle. Uniqlo uses technology to its advantage by using premium high quality materials to create its product and yet make it look fashionable. They say there are two kinds of people, one who picks style over comfort and the other who goes with comfort, Uniqlo has managed to blend this two together. This is what brings loyal customers back for more, making the threat of substitute products low.
It has its advantages and disadvantages to franchise the business. It is a careful decision to make for anyone to invest a lot of money into a franchise and everyone should be comparing pros and cons.
Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised
Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand
2002 UNIQLO first time set feet on Chinese soil, H & M, ZARA brand yet so few people have heard of. Uniqlo in Japan is a popular clothing brand, so first in mainland China also positioned as a mass casual clothing. Thus, its main competitor is the Baleno, Giordano. And inland low-end brands to play a direct result of the bitter Uniqlo year Waterloo.
UNIQLO is the abbreviation of “Unique Clothing Warehouse”, a Japanese casual wear designer, manufacturer and retailer which provides consumers with the business philosophy of " low price, quality assurance ", and achieved remarkable results as world's top apparel retailer. UNIQLO plans to have 100 fresh stores annually in China while many other retailers have retarded store openings on account of China's slowing economic growth (Doland, 2015). This report, therefore, will set out to evaluate UNIQLO's marketing strategies in China, with a particular focus on the importance of pricing, development of product and the need for precise positioning.
“We design and distribute the garments but we do not manufacture them,” notes Casi. The company counts on more than 140 suppliers around the world, and each region specializes in one type of clothing that it can manufacture “at a competitive price.” Actually, “logistics management pays off for the company” because its shops, unlike those of its competitors (including Zara) are managed through a franchising system. That has enabled Mango to expand rapidly in international markets as well as personalize each of its shops. Mango’s shops have avoided an image of uniformity.