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Ladies clothing stores: there are I know that the Clothing Accessories Stores subsector of Retail has seen sales growth of 19 over the last five years from $ 137 dot 6 billion in 1997 to $ 171 dot 8 billion in 2002. Business planning has never been easier. Easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success, with 500 complete sample plans. Weather, seasonal events, holiday shopping, competitor marketing, LA tourism, the Bay Area economy and the strength of the dollar can all affect the performance of De Kliek. Rising unemployment, political concerns and deflation also pose risks. On a macroeconomic level, consumer confidence, interest rates and inflation rates all have an effect. De Kliek will carry sophisticated, quality lines fromEuropean and American designers like Herr Frau, Weekend MaxMini, Hocken, Vince and Catherine the Great.
Luxury goods market, of which has remained recessionproof, de Kliek is a part because of the highend brands it will carry Tiffany and Saks.
The strong Euro and slowdown in wealth creation are big concerns and managing a balanced ‘qualityprice’ ratio is the key to success for luxury retailers.
Whenever conforming to Women’s Wear Daily, luxury firms forecast a strong 2004, particularly for accessories and footwear. Establishments in this subsector have similar display equipment and staff that is knowledgeable regarding fashion trends and the proper match of styles, colors, and combinations of clothing and accessories to the characteristics and tastes of the customer. Businesses in the Clothing and Clothing Accessories Stores subsector sell new clothing and clothing accessories merchandise from fixed ‘pointofsale’ locations. Clothing Accessories Stores subsector of Retail has seen sales growth of 19percentage over the last five years from $ 137 dot 6 billion in 1997 to $ 171 dot 8 billion in 2002. Now regarding the aforementioned fact… Then the location for De Kliek has not been confirmed but p targets are areas in which the target market lives and shops.
Accordingly the retail sector is the second largest industry in the United States, both in number of establishments and number of employees.
Retail sales usually see a ‘2 5’percentage growth any quarter.
It’s also amidst the largest industries worldwide. Sales have slowly grown from 4percentage in Q1, to 1 in Q2 to an estimated 8percentage in Q3 in accordance with the NRF, 2003 was difficult. Seriously. Overall retail sales account for twothirds of the nation’s economic activity, and the holiday season accounts for 20 40″ percent of tal retail sales. Retail sector employs a slew of places in Los Angeles cater to the ‘well heeled’.
Research indicates that women approach retail shopping uniquely by evaluating purchases on the basis of product and company information derived from both personal and expert sources.
The table below shows that out of the ten characteristics consumers find important in deciding where to shop, four were attributed to customer service.
Additionally, surveys consistently reveal that women buy depending on the relationship they forge with a brand, Statistics, studies, and our own personal experiences show us again and again that excellent customer service lowers customer attrition rates, fosters excellent word of mouth and most importantly, increases sales. In the luxury market, luxury consumers spent more in 2003 than Based on focus groups, United Marketing believes luxury consumers see apparel and accessories as more of a necessity than a luxury. So it’s good news to boutique retailers. Now this can be attributed to the fact that must be a luxury boutique within the Women’s Clothing Store Industry. Bplans is owned and operated by Palo Alto Software, Inc, as a free resource to alternative target market or do not carry lines that De Kliek will carry, in addition to famous boutiques in other metropolitan areas. As a result, that translates to more than $ 1600 per square foot, Nearby,Ennui generates annual sales of $ 3 million with approximately 800 square feet of selling space. Besides, a considerable quantity of sales come from special orders, it’s essential to note that not all ofEnnui sales are generated from the selling floor.
De Kliek will continue to monitor them for best practices, with these successful Los Angeles retailers as benchmarks.
The competition in Valley does provide some good benchmarksfor projecting sales and understanding customer expectations.
Additionally, there’re a few very successful boutiques in San Francisco, New York City and Florida that are worth mentioning as benchmarks for successful retailing and merchandising. Inthe Valley, Ambivalence, a junior/contemporary boutique, averages sales that p $ 1300 per square foot which tals more than $ 900000 in sales annually. Additionally, online holiday shoppers spent a record $ 18 dot 5 billion throughout the holiday season a 35 percent increase over the $ 13 dot 7 billion spent in Luxury retailers and upscale department stores were the unexpected market leaders in the course of the 2003 holidays with ‘NovDec’ sales up 15 percent. Analysts state that as consumers see their investments increase, they spend more.
Conforming to the National Retail Federation, the holiday season accounts foronly 15 of tal apparel sales, the holiday season is the key indicator of retail health.a great holiday season is typically followed by an ideal economic year and analysts predict retail sales will rise a tal of 4 percent in Total sales for 2003 were up 2 percent. People don’t shop when they are not feeling good, Consumer confidenceis the most important. Eventually, their continued development of the trend could’ve a direct impact on retailers who sell designer clothing during ugh economic times, even if they can’t compete on quality. Just think for a moment. Unemployment also has an effect,in that fewerwomen out in the workforce means less disposable income for ‘highend’ quality clothing. Thus, the large discounters are now working with p designers to bring designer apparel to the people. However, lots of us know that there are various economic forces that affect apparel retailers. Actually the primary De Kliek customer is a professional woman with a household income over $ 100K. Her main characteristics are listed below. However, she enjoys being left alone but also enjoys the special uches of personal shopping assistance and having the ability to special order items.
