Women Clothes – Consumer Confidenceis The Most Important
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Researchers believe the bras date to somewhere between 1390 and 1485. Luxury goods market, of which has remained recessionproof, de Kliek is a part being that the high end brands it will carry Tiffany and Saks.
While as indicated by Women’s Wear Daily, luxury firms forecast a strong 2004, particularly for accessories and footwear.
Besides, 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. Bplans is owned and operated by Palo Alto Software, Inc, as a free resource to is a luxury boutique within the Women’s Clothing Store Industry. Now this area also reaches out to the adventurously heeled and dressed, a lot of places in Los Angeles cater to the well heeled. Location for De Kliek has not been confirmed but p targets are areas in which the target market lives and also shops. De Kliek has stiff local competition with the many wonderful boutiques in Los Angeles.
Indirect competitors are those boutiques in LA that focus on alternative target market or do not carry lines that De Kliek will carry, in addition to famous boutiques in other metropolitan areas. Direct competitors include those boutiques that carry plenty of the brands that De Kliek plans on carrying or could move easily into carrying, and are located in the Valley. Retail sales usually see a 2 5″ growth every quarter. It’s also among the largest industries worldwide. Of course, sales have slowly grown from 4 in Q1, to 1 in Q2 to an estimated 8 in Q3 in accordance with the NRF, even if 2003 was difficult. I know that the retail sector is the ‘secondlargest’ industry in the United States, both in number of establishments and number of employees. Overall retail sales account for ‘two thirds’ of the nation’s economic activity, and the holiday season accounts for 20 40 tal percent retail sales.
Basically the retail sector employs many of us know that there are various economic forces that affect apparel retailers.
Their continued development of the trend could’ve a direct impact on retailers who sell designer clothing during ugh economic times, albeit they can’t compete on quality. Unemployment also has an effect,in that fewerwomen out in the workforce means less disposable income for ‘high end’ quality clothing. People don’t shop when they are not feeling good, Consumer confidenceis the most important. Thus, the large discounters are now working with p designers to bring designer apparel to the society. 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. On a ‘macroeconomic’ level, consumer confidence, interest rates and inflation rates all have an effect. Notice, rising unemployment, political concerns and deflation also pose risks. Now look, 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. 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, 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 ‘NovDec’ sales up 15 percent.
Analysts state that as consumers see their investments increase, they spend more.
In consonance with the National Retail Federation, the holiday season accounts foronly 15percent of tal apparel sales, the holiday season is the key indicator of retail health.
a decent holiday season is typically followed by a decent economic year and analysts predict retail sales will rise a tal of 4 percent in Total sales for 2003 were up 2 percent. 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.
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.
It is good news to boutique retailers.
So this can be attributed to the fact that Actually the De Kliek customer loves to shop and enjoys intending to boutiques.
By offering fashionable accessories and wardrobe organization items, De Kliek going to be able to grab a larger share of her wardrobe budget.
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. Also, she expects a warm and comfortable environment and nice dressing rooms. She is used to coming into the store and browsing through the clothing items and trying on what interests her. She enjoys being left alone but also enjoys the special uches of personal shopping assistance and having the ability to special order items. A well-known fact that is. Quite a few 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. De Kliek will carry sophisticated, quality lines fromEuropean and American designers like Herr Frau, Weekend MaxMini, Hocken, Vince and Catherine the Great.
I’m sure that the competition in Valley does provide some good benchmarksfor projecting sales and understanding customer expectations.
a considerable percentage of sales come from special orders, it’s crucial to note that not all ofEnnui sales are generated from the selling floor.
In Valley, Ambivalence, a junior/contemporary boutique, averages sales that p $ 1300 per square foot which tals more than $ 900000 in sales annually. De Kliek will continue to monitor them for best practices, with these successful Los Angeles retailers as benchmarks. Additionally, So 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. 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. It is 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. Nonetheless, the Clothing Accessories Stores subsector of Retail has seen sales growth of 19percent over the last five years from $ 137 dot 6 billion in 1997 to $ 171 dot 8 billion in 2002.
