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.
As a matter of fact, it is common to find clothing stores located alongside a busy road, in a busy community, in an urban area, or near a railway or railroad station or other transport hub.
In some countries like the United States, United Kingdom and France et al, clothing stores are known to be opened 24 hours a day and 7 days a week.
Therefore, the clothes move from the manufacturers to the consumers.
In between there are [people who are mainly the ones who go between the manufacturers and the consumers.The clothing store (boutique) industry comprises of small retail stores that sells a limited range of clothing and accessories.The industry is defined as single-establishment stores only.Clothing stores (boutiques) can be strictly designer based (i.e.only one designer’s collection is sold there), or they may sell a mix of designers’ labels (brands) that are specifically catered to the local market.If you keep tabs on the clothing store business and retailing business generally, you would have noticed that It is now a common phenomenon for retail outlets to leverage on technology to effectively predict consumer demand patterns and to strategically position their store to meet their needs; in essence, the use of technology help retailers to maximize supply chain efficiencies.No doubt data collected from customers goes a long way to help retail stores serve them better.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.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.