Abstract I would like to present the sales and marketing plan to open a new retail Chain called “Big Girls Rock” in this research paper. The company is opening two store locations. The stores will carry gently used plus size women’s clothing and some accessories. People will bring their clothing to this new retail Chain for it to buy and then the retail chain would sell those gently used plus size women’s clothing and accessory. Instead of customers having to sit all day to sell their clothing at a garage or yard sale, they can come to our climate controlled, fun store to sell their gently used brand name clothing. Plus size customers who do not have a lot of money, but like to stay in the current trends can shop our store to find …show more content…
Market Summary The “gently used” retail and upscale consignment shops offer mostly “gently used” designer clothes and accessories that the original purchaser does not want and thus sells these clothes in good condition to these retail stores. These items are purchased normally at 30% to 40% of the original sale price and then the retail Chain “Big Girls Rock” sells these women clothes to the end consumer at 50-60% of the original sale price and thus making around 20-30 % of the profit in this transaction. Our company is planning to open these retail chain outlets in North Carolina and South Carolina areas as these locations lack a lot of plus size high fashion style shop and consign from around the globe. Women in these locations have a tremendous pressure to be seen in the latest trend and high fashion society with the latest brands and models and many of them can’t afford these high priced items as new clothes at the market original sales price from branded store. So, there is a growing and sizeable market for the “gently used” clothing especially among the women in North Carolina and South Carolina areas. There is also an online market for these clothes and eBay is one of the main platforms where thousands of people and companies sell these worn clothes in good shape and condition and buyers for
PetSmart is one of the largest specialty pet retailers of service and solutions for the lifetime of pets. More than 1008 stores are open in the United States and Canada that provide pet foods and supplies that are priced reasonably. PetSmart provides all types of services for pets including pet training, pet grooming, pet boarding and adoption services. In addition to providing impressive value PetSmart has the broadest, deepest product range in the industry, including thousands of products exclusive only to PetSmart. Every year PetSmart takes care of the grooming for hundreds of thousands of pets in what PetSmart calls its PetSmart Salons. These animals are groomed and pampered by stylist who have
We could put more women’s items setup in window display at the entrance of each store. If the same products are available in all channels, customer can shop at the stores with all sizes, style and color, and the estimated sales will increase in retails. In addition to the promotion of women’s items at shop such as shoes, swimwear and dress would widen the choices for the customer. They could offer crossover brand name products and sponsor the qualified and famous explorers, athletes and celebrities to attract the customer’s attention and boost up more sales.
The women's apparel market is highly competitive. With the launch of a new active-wear line from Harrington Collection's, more and more competitors will start to realise the potential value in in producing an active-wear line of their own. The active-wear market is growing so rapidly (expected to double turnover from 2007 to 2009), that eventually all of Harrington's competitors would likely be expected to launch a line of their own, relying on existing brand loyalty and high-scale advertising campaigns to capture market share and move units.
Garments are one the crucial needs of all humanity, and design dress are dependably on request all through the seasons. At an early stage when beginning a discount attire business, one ought to remember some vital particulars before beginning an online discount apparel exchange.
My interest began to grow, and I started shopping online with Ebay and Amazon, trying to find prices under retail. After getting so many pieces of clothing from Nike and Jordan, I began to get tired of the style and decided to move on to another brand, and change my style completely. That brand was Ralph Lauren, which I now own a shirt in almost every color from them. I then decided it was time to move on from him as well. This is when I started to find more and more sites and apps dedicated to selling and buying designer clothing. “But it was the slew of second-hand clothing startups that launched at the end of the 2012 that really made a point in 2013. From digital clothing swap Bib and Tuck to online consignment store TheRealReal, there
Life With Lex is a newly set-up retail establishment that will offer fashionable clothing for sale to women aging from eighteen to fifty years old. Life With Lex is a sole proprietorship small business that will be located in uptown Kingston, New York. The uptown area of Kingston is becoming an extremely popular shopping area for locals because of its hip, vintage feel. While my inceptive goal is to open one boutique in uptown Kingston, my extension plans include inherently franchising my boutique Life With Lex, and/or the premises I am located in, a highly-acknowledged brand name. In the future, I would truly hope to occupy a substantial portion of the online retail market.
So, when I first read this discussion post assignment I immediately thought of the time I worked at J.C.Penney’s. At that current time JCPenney was developing a launch of a new brand of intimates for women “Ambrielle”. The store/department managers needed help figuring out how to launch this is our store (making the public “aware”). I remember that we thought about placement, which doors were the best for people to see it? What kind of racks and wall space did we want to use to display the new merchandise? We also received lots of signage for Ambrielle, so we had to figure out placement for that also. To peek peoples interest we launch a free “bra fitting” in that department the week of the opening of Ambrielle. We knew that JCPenney had a
This opportunity will help company to take the market share of small retailers and low income people who do not give priority to branded clothes. This opportunity will help company to market
Given the alignment of product segmentation towards women 's clothing, women make up the majority of buyers in each key age demographic. According to the chart, the major market for clothing retail industry is people aged 29 to 43 years, which accounted for about 39% of the market. Fashion trends and brands appeal to this segment. However in the past few years, spending power of generation Y has increased and tends to spend a high proportion of the income on clothing. Generations X and Y will increase their share of the market in this industry as more of these consumers enter the workforce [see Exhibit 2] (IBISWorld, 2012).
Staying relevant in the market and increase profit within the retail markets in America are very challenged. Especially, it is more difficult in this current economy and highly competitive industry. Macy’s is well-known as a mid to high range department store sells huge variety products from luxury such as Michael Kors, Ralph Lauren, Coach to economic products which is more affordable for people. The main strategy that Macy’s used to stay ahead of their competitors was their ability to sell their merchandise at a lower cost than their leading rivals such as Nordstrom, Dillard’s. This strategy has made the company very successful; however, in recent years that success has declined noticeably. The lacks in innovation and non-trendy assortments, which has resulted in driving their customers to other retail companies within the industry. With the introduction of fast-fashion retailers such as H&M, Zara and Forever 21, which are in the same shopping mall and happened to make Macy’s has lost its ability to stay competitive regarding prices. Fast-fashion retailers are described as retail companies that can produce trendy fashion designs and introduced them to consumers in a timely manner. With the fashion industry 's ever changing trends and competition from other retail department store as Dillard’s, Nordstrom and many other fast-fashion like Zara, Forever 21 and H&M which can be up to pace with the changes cause Macy’s losing the store’s traffic. The first and most major
It all started in 1901 in Seattle, Washington when two friends, John Nordstrom and Carl Wallin, decided to open a shoe store named Wallin & Nordstrom. With exceptional service, selection, quality, and value, they created a strong customer based and was able to open a second store in 1923. In 1928, John retired and sold his shares to his sons. Later Carl retired and also sold his shares to the Nordstrom sons. By 1960, the shoe store was the largest independent shoe chain in the country. The sons decided to venture into women’s apparel and changed its name to Nordstrom Best. In 1966, they added men’s and children’s apparel. Today, the fourth generation of the Nordstrom family runs the company along with an executive team. It stills lives by John Nordstrom’s philosophy: offer the customer the best possible service, selection, quality, and value.
Philadelphia, another metropolitan area with its share of struggling neighborhoods, has tried to find success by partnering with Food Trust. In 2012, the local grocery, Olivares signed up for a program run by The Food Trust, a regional advocacy group that gets funding from a variety of public and private sources. The Food Trust provided money and expertise, sprucing up the store with a new refrigerated display case, awning, vegetable kiosk, as well as signs throughout directing customers to the healthy eats (Hargreaves, 2015). The Trust provides training on how to handle and fresh produce – such as not storing the bananas next to the apples, as apples give off ethylene, which rots the bananas. In addition, the Trust gives advice on how to sell produce, like never letting just a few pieces of fruit linger at the bottom of a big box, as well as training with ordering and book keeping (Hargreaves, 2015). Since partnering with Philadelphia 's health department in 2010, the Trust has done varying degrees of renovations on over 200 stores. A full-on conversion like Olivares ' cost about $60,000 (Hargreaves, 2015). Though somewhat costly and no guarantee, preliminary data suggests the makeovers are having a positive impact on health. Some stores in the program offer monthly neighborhood health checkups, and early indicators are that people who shop in these stores are losing weight and lowering their blood pressure (Hargreaves, 2015). Nationwide, at least a dozen other cities are
Sam Walton opened his first Wal-Mart store in Rogers, Arkansas in 1962. Sam Walton wanted to build a foundation for his store. His idea was the lowest prices anytime, anywhere. In 1969 the stores became incorporated and 1970 Sam Walton decided to pursue national growth. The company became a publicly traded company in 1970 with an opening stock price of $16.50 per share. In 1980 Wal-Mart reached one billion dollars in annual sales, faster than any other company at that time (Jan 2015). Over the last five-years, Wal-Mart grossed $476 billion in the fiscal year that ended in January 2014, this total is up from $408 billion in FY10, according to Joseph Kerchner, University of San Francisco (2014).
The boutique sells all female ages from 11 years old to 80 years old, and all sizes. She has a variety of customers. She has been thinking of branding to baby products but she hasn’t really had action yet. All the clothing in her store is under $75 and most of them are around $30 to $50. The accessories are about $10 to $20. The prices are relatively cheap and reasonable
I would like to propose a marketing plan for opening a coffee shop in the city of Moscow. Over the past two or three years, a coffee shop in Russia managed to grow in a socio-cultural phenomenon: at once there was like a house of cards, the Soviet culture of consumption of coffee.