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The paper "Clothing Retail Market in General" highlights that the cоmpаny is well pоsitiоned in the UK mаrket аnd very flexible tо reаct tо cоnsumer wishes. They estаblished with а minimum оf time аnd mоney а quick аnd eаsy sоlutiоn fоr thоse custоmers whо wаnt tо оrder viа the internet…
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The industry is оverwhelmed with cоmpetitiоn frоm cоmpаnies which hаve invested in hi-tech mаchinery leаding tо greаter efficiency оr hаve plаced their prоductiоn tо fаctоries in cheаp lаbоur cоst cоuntries tо prоduce their prоducts. Hоwever, mоst pаrt оf the cоmpаnies in this sectоr mаke nоt very high prоfits. Tо increаse the mаrket shаre in this аrenа is nоt аn eаsy tаsk, аnd therefоre it needs а greаt deаl оf endeаvоur, knоwledge, аs well аs energy аnd mоney. Clоthes retаilers fаll intо twо brоаd cаtegоries: firstly, thоse selling оwn-brаnd clоthing аnd, secоndly, thоse selling third-pаrty weаr. Mаjоr retаilers such аs Mаrks & Spencer аnd the Аrcаdiа Grоup аre gооd exаmples оf the first grоup, аs аre chаin оperаtiоns such аs NEXT аnd Gаp. The secоnd grоup includes the mаjоr depаrtment stоres аnd the mаjоrity оf independent retаilers in the UK. Clоthing retаiling is а highly diverse industry. The retаil sectоr rаnges frоm lоw-cоst аnd discоunts retаilers thrоugh tо independents, spоrtsweаr, fоrmаl weаr аnd highly exclusive designer bоutiques. Hоwever, аs in mоst cоnsumer gооds mаrkets, it is аt the middle level where the mаjоr plаyers аre tо be fоund аnd mоney cаn be eаrned. This аnаlysis helps tо reseаrch the оverаll envirоnment оf thecоmpаny. Аlthоugh the PEST аnаlysis rely оn previоus events аnd experience, it cаn be used аs а fоrecаst оf the future (Wilsоn аnd Gilligаn, 1998). The pоliticаl envirоnment оf the NEXT plc is quite gооd аs the stаble аnd reliаble nоtwithstаnding thаt Britаin fаiled tо reаch the аgreement with sоme EU pоlicies frоm time tо time. Аt the present nо EU directives аre knоwn which will hаve а direct effect оn the UK clоthing retаil industry in the neаr future.
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Converse Texas currently maintains a total population of 18,110 individuals, which is a 54 percent increase from 2000 (city-data.com, 2012). This represents a substantially growing market that continues to improve in population density, thereby attracting a variety of new potential customers, due to improvements in job infrastructure and job availability. To the advantage of Urban Clothing, the median income per household is considerably above the national average at $49,396 per year (city-data.com). Of the total population, Converse Texas maintains 31 percent under the age of 18 and 33.9 percent between 25 and 44. Thus, this represents a significant portion of the total population in the city that could be recruited through inven...
...? RETAILMARKET ANALYSIS “VANCOUVER TRADING INCORPORATED” AFFILIATION: Word Count: 2507 Contents Contents 2 Introduction 3 Findings & Analysis 4 Retail trends over recent years 4 Competition 5 Market development 5 Profitability & Consumer Spending 7 Consumer behavior within this sector 7 Potential of retail offering in United Kingdom white goods industry 8 Conclusions 8 Recommendations 9 References 10 Bibliography 10 Introduction The retail sector is an important area of concern for majority of the entrepreneurs. Starting from the small retail divisions, entrepreneurs tend to strengthen their base and then expand their sectors of business into diversified areas. Investing in the expanding businesses of any retail industry tends...
... overview Retail branding is an evolving concept that has transformed the way customers shop today and it has generated a lot of speculation on how retail brands influence customers. Retail branding has been defined by Zentes, Morschett, and Schramm-Klein in their book Strategic Retail Management (2007) as “a strategy based on the brand concept and which transfers it to a retail company.” It constitutes a group of outlets that are identified by a brand name, logo or symbol reflecting its distinctive features and attributes to the customers. Though it is an evolving international marketing strategy adopted by retailers the focus is on building long term customer relationship for business growth and expansion (Bhatia, 2008). The focus...
... it is not possible to make a name in the industry easily. The unique selling proposition we will be offering is the lower prices with high quality of garments. Everyone looks for good quality clothes and no one hates to save money. This is the whole idea behind our clothingretail store. The main strength of UK clothingretail industry is the developed markets of the country which are mature. Also general income level (normally) increase in the country which gives people a chance to upgrade their life styles. Consumption patterns also increase every year as people spend more and more. All this makes UK clothingretail industry attractive for small start-ups. Also 57 percent of consumers in UK use value retailers (Verdict Consulting, 2011...
...Everybody knows that retail is one of the most competitive economics sector. Shops, marketplaces, boutiques, super- and hypermarkets offer us great choice of different goods and foodstuffs.
As defined by ONS the grocery market is the total turnover through all food stores with the exception of petrol sales.
The grocery market was worth £119.8 billion in 2005, an increase of 4.2% on 2004
Groceries account for 13.1% of all household spending, making it the third largest area of expenditure, first is housing and second is transport
Food and grocery expenditure accounts for 49p in every £1 of retail spending
20p in every £1 spent in food and grocery is spent in convenience stores.
According to research from IGD’s new Grocery Retailing 2005...
When, as a strategic goal, a firm wishes to expand its retail operations, it chooses to go abroad as soon as it sees its local market being saturated. This concept ha been better described with the help of many models and theories. Other motivators for internationalization are resource seeking, market seeking, efficiency seeking and strategic asset seeking. Resource seeking and market seeking are usually motivators for a firm’s initial internationalization strategy, while the other two are for sequential internationalization.
Moreover, there are a number of factors that need to be considered by retailers before expanding overseas. These are factors, if considered appropriately, will determine success or failure. These typicall...
...Important Stats How many Fashion/Clothingretailers are located in the US? Conducive research indicates that approximately 4.5 million stores arelocated in USA. The United States Labor of Department concludes that retail is comprised of about 40% of all commerce in USA. Hence, this suggests a strong sense of retail and commerce in this commerce sphere. According to the latest report from US Census Bureau, the industry continues to make an impact with sales in $4.3 million. However, the market has become very saturated which continues to threat retailer all around the world. Moreover, the recession has continue to left its mark that has left its impact on retailers internationally and domestically. The current outlook of the fashion...
...Ethics within the ClothingRetail Sector 02225 Table of Contents Table of Contents 2 Introduction 3 2. Corporate social responsibility (CSR) 3 2.1What is CSR? Why it is important in ClothingRetail Sector? 3
2.2 Stakeholder theory 5
2.3 Carroll’s CSR Pyramid 7
3. Product safety 7
4. Green issues 8
5. Grey imports 9
6. Sourcing of products 9
7. Conclusion 10
Reference list 11
Ethics is one of the major factors that are impacting growth and sustainability of organisations. Ethical business will be attracting the investors, employees and customers towards the business operations. Ethical business will be able to meet different other external environmental challenges. The UK clothingretailmarket is facing huge...
The demand for clothing and fashion garments increase in a growing economy. The industry today has grown exponentially; the role of the buyer, as well as the supplier too, has changed. Intellectual capital and creativity are central to the success in the clothing industry. In the current business environment, competitive edge lies in innovation and original creative expressions. The fashion industry is unpredictable. Fresh fabrics introduced every season, new and original designs created every now and then, mark the fashion and clothing industry today. These are the greatest assets of the company, which the executives need to identify in a timely manner, assess its application, and make changes or modifications to suit the demands...
Hardcover books will continue to sell despite e-book distribution. But European Book Publishers, including the United Kingdom, need to realize the improvement of market share and lower production and operational savings with e-books. While it’s true that e-books are a trend-setting technological advancement, people still purchase hardcover books and paperbacks. Young children have a love for reading, with illustrated pictures, including the older population who still prefer the hardcover book or the lightweight, and easy use of paperback books. Bookstores should embrace e-book sales as the wave of the future, and as a marketing tool to invite customers into the store and browse. While some may hesitate to purchas...
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