For example, it is common to see items with prices in this format; $3.99, $99 and $199 et al as against $4.00, $100 and $200.
When it comes to selling items that are found in clothing stores, there is indeed a wide range of available customers.
The clothing store (boutique) Industry revenue has since recovered; however, the industry is facing more stringent competition than ever before because of a rising number of imports and consumers’ shift to online shopping et al.
The clothing store (boutique) industry is indeed a very large industry and pretty much thriving in all the parts of the world.
Here is a sample clothing store business plan that you may want to use to draw up yours, One of the reasons why clothing store (boutique) business will continue to thrive is the fact that people can’t do without putting on clothes.
People that patronize clothing stores cut across the rich and the poor, the highly place in the society and the lowly placed; everybody need clothes to cover their nakedness.Statistics has it that in the United States of America alone, there are about 31,615 legally registered clothing stores (boutiques) responsible for employing about 65,810 employees and the industry rakes in a whooping sum of bn annually.It is important to state that, there is no company with a dominant market share in this industry.In response to the ever growing demand for clothes and other fashion accessories, clothing store owners have opened additional stores thereby creating chains of stores across different cities.They are always ready to expanded into new markets and of course adapt to the ever changing trend in fashion and increase sales.Players in the Clothing store (Boutiques) industry are defined as having only one location and typically focus on providing high-end or niche products to consumers.Changing fashion trends and of course consumer well-being is essential to industry growth because products are generally more expensive and rely on consumer discretionary incomes.As a result, the start of the recession and its lasting effects on the US economy hurt industry performance.Per capita disposable income fell as many individuals lost their jobs; accordingly, consumer confidence plummeted and consumers cut spending, causing the industry to contract in 2009. If YES, here is a complete sample online clothing store business plan template & feasibility study you can use for FREE.Okay, so we have considered all the requirements for starting a clothing store.