Clothing is big business in great britan. Each year, fashion-conscious shoppers spend around £20 billion on their own wardrobe, that is greater than £300 per person. By 2008 the marketplace was worth an believed £22.2bn, a 9.6% increase since 2003. And also to supply this huge spending habit there’s a similarly burgeoning clothing retail sector. Actually, you will find as various sorts of clothes shops because there are types of clothing – in the large shops and independent clothes stores for example mine. Therefore it may appear that this can be a market designed to measure for that budding entrepreneur. Regrettably, it isn’t that easy.
Where would be the gaps? Just how can a smaller sized clothes shop offer something which is not already supplied by the chains or bigger stores? The bottom line is specialisation. Usually the bigger stores provide the finest option to shoppers – they’ve the area and sources to hold a comprehensive stock range and also the purchasing capacity to offer that stock at affordable prices.
The smaller sized, independent stores, however, can profit through specialising. The important point would be to identify a distinct segment. This might center on design for clothing you sell or on the kind of customer that you would like to draw in. For instance, you might stock only suits or second-hands clothes. Alternatively, you might turn to sell clothes to particular group for example schoolchildren or huge men. Whatever kind of shop you ultimately choose to open, one factor is for certain – you’ll have to put lots of effort and cash into which makes it work. It is a dangerous sector however if you simply understand it properly, the rewards could be high.
Where would be the gaps? Just how can a smaller sized clothes shop offer something which is not already supplied by the chains or bigger stores? The bottom line is specialisation. Usually the bigger stores provide the finest option to shoppers – they’ve the area and sources to hold a comprehensive stock range and also the purchasing capacity to offer that stock at affordable prices.
The smaller sized, independent stores, however, can profit through specialising. The important point would be to identify a distinct segment. This might center on design for clothing you sell or on the kind of customer that you would like to draw in. For instance, you might stock only suits or second-hands clothes. Alternatively, you might turn to sell clothes to particular group for example schoolchildren or huge men. Whatever kind of shop you ultimately choose to open, one factor is for certain – you’ll have to put lots of effort and cash into which makes it work. It is a dangerous sector however if you simply understand it properly, the rewards could be high.
