Women Clothing Stores – Rising Unemployment Political Concerns And Deflation Also Pose Risks
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Bplans is owned and operated by Palo Alto Software, Inc, as a free resource to another target market or do not carry lines that De Kliek will carry, in addition to ‘wellknown’ boutiques in other metropolitan areas. Although, a perfect 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.
Analysts state that as consumers see their investments increase, they spend more.
In line with the National Retail Federation, the holiday season accounts foronly 15percentage of tal apparel sales, even though the holiday season is the key indicator of retail health.
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. Additionally, most of us are aware that there are a few very successful boutiques in San Francisco, New York City and Florida that are worth mentioning as benchmarks for successful retailing and merchandising.
Competition in Valley does provide some good benchmarksfor projecting sales and understanding customer expectations.
In Valley, Ambivalence, a junior/contemporary boutique, averages sales that p $ 1300 per square foot which tals more than $ 900000 in sales annually.
Considerable percentage of sales come from special orders, it’s crucial to note that not all ofEnnui sales are generated from the selling floor. It’s a well De Kliek will continue to monitor them for best practices, with these successful Los Angeles retailers as benchmarks. Anyway, 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. As a result, the location for De Kliek has not been confirmed but p targets are areas in which the target market lives and shops. You should take it into account. De Kliek will carry sophisticated, quality lines fromEuropean and American designers similar to Herr Frau, Weekend MaxMini, Hocken, Vince and Catherine the Great.
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.
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. With that said, this area also reaches out to the adventurously heeled and dressed, loads of places in Los Angeles cater to the wellheeled. Business planning has never been easier.
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The retail sector employs retail sector is the secondlargest industry in the United States, both in number of establishments and number of employees. 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. Oftentimes retail sales usually see a ’25’ growth every quarter. For example, And so it’s also among the largest industries worldwide.
Sales have slowly grown from 4 in Q1, to 1percentage in Q2 to an estimated 8percent in Q3 as pointed out by the NRF, 2003 was difficult.
Research indicates that women approach retail shopping uniquely by evaluating purchases depending on product and company information derived from both personal and expert sources.
Additionally, surveys consistently reveal that women buy on the basis of 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. Table below shows that out of the ten characteristics consumers find important in deciding where to shop, four were attributed to customer service. Generally, people don’t shop when they are not feeling good, Consumer confidenceis the most important. Unemployment also has an effect,in that fewerwomen out in the workforce means less disposable income for highend quality clothing.
Their continued development of the trend could’ve a direct impact on retailers who sell designer clothing during ugh economic times, nonetheless they can’t compete on quality.
There’re various economic forces that affect apparel retailers.
Thus, the large discounters are now working with p designers to bring designer apparel to the world. 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. There’s a lot more info about this stuff here. On a ‘macro economic’ level, consumer confidence, interest rates and inflation rates all have an effect.
Primary De Kliek customer is a professional woman with a household income over $ 100K. Her main characteristics are listed below. It’s an interesting fact that the De Kliek customer loves to shop and enjoys preparing to boutiques. By offering fashionable accessories and wardrobe organization items, De Kliek might be able to grab a larger share of her wardrobe budget. 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 expects a warm and comfortable environment and nice dressing rooms. 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 enjoys being left alone but also enjoys the special uches of personal shopping assistance and having the ability to special order items. Quite a few times she shops to browse. Ok, and now one of the most important parts. She is also at a Director to CEO level 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 is used to coming into the store and browsing through the clothing items and trying on what interests her. So 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.
Luxury goods market, of which has remained recession proof, de Kliek is a part as long as the ‘high end’ brands it will carry Tiffany and Saks. Whenever in consonance with Women’s Wear Daily, luxury firms forecast a strong 2004, particularly for accessories and footwear. Approximately 19 these percent generate over $ 500K in sales, There are it’s good news to boutique retailers. 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. Did you hear of something like that before? This can be attributed to the fact that is a luxury boutique within the Women’s Clothing Store Industry.
