Preview

Lacks Outfitters Clothing Store Business Plan

Satisfactory Essays
Open Document
Open Document
73 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Lacks Outfitters Clothing Store Business Plan
The “Annapolis Outfitters Clothing Store” will be at 170 Main St, in downtown Annapolis, Maryland. The main street, road and the pedestrian sidewalk are available in front of the store. Many businesses in the area include: unique women-boutiques, galleries, custom frame shops, fine Jewelry stores, boating and maritime stores, home décor, antiques, art stores, “The Annapolis Running Shop,” and Sperry. All the businesses create a constant flow of traffic during most business

You May Also Find These Documents Helpful

  • Powerful Essays

    Urban Outfitters Inc. is a pioneering “lifestyle merchandising company” that operates specialty retail stores under the Urban Outfitters, Anthropologie and Free People brands. It was founded in 1970, near the University of Pennsylvania. It is a high end apparel and furniture manufacturer in the…

    • 3953 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Urban Outfitters is planning to open a 9,931 square ft store in the the W hotel in Downtown Austin Texas this August. The store will be located near the University of Texas and has a lease of ten years.…

    • 564 Words
    • 3 Pages
    Good Essays
  • Good Essays

    This paper will serve as a proposal, using a balanced scorecard approach to demonstrate the project’s value to Centervale Apparel, using the given data. This will included a cost-benefit analysis, such as payback period or ROI that relies on tangible measures of organizational value through cost savings, revenue enhancements, or improvements in the speed, quality, or efficiency of key processes that help achieve a competitive advantage. Alternatives will be identified, if any, to the project implementation and provide a justification for each. A completed a risk assessment of all risks associated with implementing the project using an enterprise risk management (ERM) model. This paper will described total cost of ownership and…

    • 845 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Macy's Case Study

    • 546 Words
    • 3 Pages

    The main intention of this program is to generate repeat purchases from customers. In addition, it allows the company to obtain information from clients with the purpose of using that information to send the customers promotions or coupons to generate more repeat purchases. Moreover, the program seeks to develop a need or want over time for its products and services after the consumer benefits from using the initial discounts and offers. So, the company tries to create a purchase behavior from the consumer by increasing purchasing the chances of repeat purchases from customers. As a result, the company expects for consumers to increase their purchasing behaviors toward the company without having to provide any reward, coupons, or promotional…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    American Apparel has built a fast growing empire on some of the most risqué, porn-influenced ads ever seen in mainstream media. Usage of the porn-influenced ads are in hopes of saving the company from financial troubles. Everyone knows that American Apparel ads are sexy. They usually feature coy, semi-dressed women lounging on a bed or sofa. Although this is a good way to catch the eye of consumers, they also lead to many problems with too much nudity exposure, which becomes may offensive to some of the public. American Apparel’s usage of high sex appeal will generally attract attention from the public, and the more attention towards the brand the more likely the brand will sell.…

    • 781 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    8) G Shock: $100- $225 25 different pairs which consist different styles and colors =$3750…

    • 292 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Urban Outfitters has a significantly smaller presence when compared with its competitors. Expansion is necessary for this retailer until there are enough stores to sufficiently supplement their direct-to-consumer and omni-channel needs (Great Speculations, 2014).…

    • 558 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The reason why Wal-Mart or Sears cannot effectively create a trendy counterculture image is because, in the case of Wal-Mart, it operates on a high volume low profit margin. They also state that the only way to do this is to be able to mass-produce, have products mass-produced for, or at least, buy in bulk. That very philosophy makes it impossible to be either trendy, or counterculture. Trendy counterculture is about being unique or different going against the norms of society. This makes trendy products costly to make and sell for a hefty sum. While Sears’s prices are higher they still sell mass-produced items, which Sears believe will appeal to the general population. Entering into a niche market and attempting to compete with a retailer, like Urban Outfitters, would be financially disastrous for either Sears, or Wal-Mart. According to Strayer University “Penetration pricing, a strategy for pricing new products, aims to capture as much of the market as possible through rock bottom prices. Each individual sale typically yields a tiny profit; the real money comes from the sheer volume of sales. A key benefit of this strategy is that it tends to discourage competitors, who may be scared off by the slim margins. But penetration pricing only makes sense in categories that do not have a significant group of consumers who would be willing to pay a premium price (otherwise, the marketer would be leaving money on the table)”. (Small Business Opportunities 2009 pg 177)…

    • 816 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Throughout history, global commodity chains have been a critical component in fulfilling high consumer demands; these “chains,” either material or representational, has led to increasing concerns on labor rights. A global commodity chain is a series of links that connects the production of raw material to the distributors that eventually are marketed and sold to consumers. This extensive process is a crucial part to the growth of globalization that has allowed for a rapid increase in labor forces in developing countries. However, networks within the chains have been blinded by the high consumer demand and almost disregarded labor standards in order to meet quota at the cheapest cost. As a result, millions of workers struggle to survive through poor working conditions entailing long hours, child labor and little to no pay. An example of this can be seen through the publicly traded American company, Urban Outfitters, Inc, that has recently been a target for debate concerning their association with factories overseas that do not exhibit good labor standards. It has further raised the question as to what policies and consumer choices companies such as Urban Outfitter Inc. can partake in to improve the issue.…

    • 1669 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    There are many reasons that Wal-mart cannot effectively create a trendy counterculture image. First if you look at what a counterculture image actually is, which are kinds of subcultures that deliberately oppose certain aspects of what’s is main stream for example in the 90’s grunge where teens wore flannel shirt doc martin boots where is clothes seem dirty or just rolled out of bed look. Where everyone else was wearing bright colors, and form fitting clothes for women and clean cut polo look. And in 2000’s…

    • 884 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Identify at least three challenges when setting up a business. Explain why they are challenges.…

    • 1186 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Essay On Urban Outfitters

    • 1455 Words
    • 6 Pages

    The textile or apparel industry is associated with the design and production of clothing and the distribution of it. In 2002 apparel manufacturing covered for $400 billion in global exports, which is six percent of the world trade, eight percent of world trade in manufactured goods. Early in the 21st century the leading importing and exporting countries were very developed ones. Online sales havebecome increasingly high over the years, in 2010 $165.4 billion was spent in online apparel sales. The growth rate in 2010 of online sales was 22.2%. This graph represents this information and shows the rapid growth.…

    • 1455 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Rhetorical Analysis

    • 701 Words
    • 3 Pages

    themselves that it is a great place to shop for merchandise and apparel, and how there is…

    • 701 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A few broad questions related to the finance sector of the franchise are: Do you have the financial resources or means to get the resources required to buy a franchise?, will your capital provide you with a cushion for at least one year after you have paid for the franchise, allowing a one-year period of time to break even?, what is a high estimate of your fixed expenses such as rent and your variable and operating expenses such as wages and stock?. When buying the Zara franchise rights, the franchise fee typically varies between 5% and 10% of the franchise store’s sales. Included in that fee, Zara offers franchisees full access to corporate services, such as human resources, training, and logistics at no extra cost. They also allows them to return up to 10% of purchased merchandise, which is a higher level than many other franchisers permitted. This will cut down on the sunk cost that is purchased stock.…

    • 1824 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    G 3 Fashion House is an urban men and women’s clothing retail establishment that will sell and is currently selling fashionable clothing for both men and women with our prime product being Urban branded clothing. G3 fashion House is currently located at shop 29 Town Square mall Windhoek, Namibia which is a popular youth shopping destination. While our initial goal is to open two boutiques in respect to the one we intend to open in your advertised space to Let, expansion plans include potentially franchising our retail store and/or building a well-recognized brand name. In turn, we would hope to penetrate a sizable portion of the online retail market.…

    • 2043 Words
    • 9 Pages
    Powerful Essays