Urban Boutiques Online – Total Sales For 2003 Were Up 3
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If, however, you must present your plan to outsiders to get funding, no sweat. Bplans is owned and operated by Palo Alto Software, Inc, as a free resource to with that said, this can be attributed to the fact that it is good news to boutique retailers. Sales have slowly grown from 4 in Q1, to 1 in Q2 to an estimated 8 in Q3 as pointed out by the NRF, despite 2003 was difficult.
Overall retail sales account for ‘two thirds’ of the nation’s economic activity, and the holiday season accounts for ’20 40′ percent of tal retail sales.
It’s also among the largest industries worldwide.
Basically the retail sector is the second largest industry in the United States, both in number of establishments and number of employees. Then the retail sector employs every quarter. Just think for a moment. Business planning has never been easier. So, easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success, with 500 complete sample plans. Businesses in the Clothing and Clothing Accessories Stores subsector sell new clothing and clothing accessories merchandise from fixed point of sale locations. 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.
Accordingly 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. Then the location for De Kliek has not been confirmed but p targets are areas in which the target market lives and shops. Analysts state that as consumers see their investments increase, they spend more. In accordance with the National Retail Federation, the holiday season accounts foronly 15 of tal apparel sales, even though the holiday season is the key indicator of retail health. Anyway, a perfect holiday season is typically followed by a great economic year and analysts predict retail sales will rise a tal of 4 percent in Total sales for 2003 were up 2 percent. On p of that, 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 throughout the 2003 holidays with Nov Dec sales up 15 percent.
De Kliek 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 the world. Did you hear of something like this before? So there’re various economic forces that affect apparel retailers. Normally, their continued development of the trend could’ve a direct impact on retailers who sell designer clothing during ugh economic times, even though they can’t compete on quality.
People don’t shop when they are not feeling good, Consumer confidenceis the most important. So this area also reaches out to the adventurously heeled and dressed, a lot of places in Los Angeles cater to the well heeled. De Kliek will carry sophisticated, quality lines fromEuropean and American designers like Herr Frau, Weekend MaxMini, Hocken, Vince and Catherine the Great. Direct competitors include those boutiques that carry most of the brands that De Kliek plans on carrying or could move easily into carrying, and are located in the Valley. You should take it into account. Indirect competitors are those boutiques in LA that focus on a tally different target market or do not carry lines that De Kliek will carry, in addition to ‘well known’ boutiques in other metropolitan areas. As a result, de Kliek has stiff local competition with the many wonderful boutiques in Los Angeles. Of course, the table below shows that out of the ten characteristics consumers find important in deciding where to shop, four were attributed to customer service.
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. 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. 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. Certainly, the strong Euro and slowdown in wealth creation are big concerns and managing a balanced quality price ratio is the key to success for luxury retailers. On p of this, the luxury goods market, of which has remained ‘recessionproof’, de Kliek is a part because of the highend brands it will carry Tiffany and Saks. Also, while as indicated by Women’s Wear Daily, luxury firms forecast a strong 2004, particularly for accessories and footwear. Now please pay attention. Primary De Kliek customer is a professional woman with a household income over $ 100K.
Her main characteristics are listed below.
Many times she shops to browse.
She is knowledgeable about designer fashions and tends to shop for seasonal wardrobes twice a year plus picks up various fashion and basic pieces throughout the year. She is also at a Director to CEOlevel job and could potentially be reached through her office for personal shopping services or through her own personal stylist who is a member of AICI. She enjoys being left alone but also enjoys the special uches of personal shopping assistance and having the ability to special order items. She is used to coming into the store and browsing through the clothing items and trying on what interests her. De Kliek customer loves to shop and enjoys planning to boutiques. She wants fun and catered shopping events in the evening and on p of that enjoys receiving special notices on sales and participating in trunk shows to garner more savings.
She expects a warm and comfortable environment and nice dressing rooms. You can find more information about this stuff here. By offering fashionable accessories and wardrobe organization items, De Kliek gonna be able to grab a larger share of her wardrobe budget.
