The fact that we are going to operate our clothing store in one of the busiest district in Los Angeles – California provides us with unlimited opportunities to sell our items to a large number of people.We have been able to conduct a thorough feasibility studies and market survey and we know what our potential customers / residence within the location where our clothing store will be located will be looking for when they visit our clothing store.
If YES, here is a sample SWOT analysis for a fashion boutique to help you form a competitive strategy.
Statistics revealed that in the first quarter of 2014, online retail revenue generated via a mobile device was up 35 percent over 2013 first quarter, with mobile owning 13.7 percent of total e-commerce orders in Q1 2013 compared to 18.5 percent during Q1 2014.
You have the opportunity of eliminating key running cost.
Our intention of starting just one outlet of our clothing store in Inglewood, Los Angeles – California is to test run the business for a period of 2 to 4 years to know if we will invest more money, expand the business and then open other chains of clothing stores all over California and perhaps also sell franchise through the United States of America and Canada.
It will provide job satisfaction and fair compensation to its employees, and a fair return to its owners.
Hard work and performance is rewarded through bonuses and commissions.Two-thirds of Americans 50-plus buy from e-retailers online.Loads of entrepreneurs would prefer to choose opening an online retail clothing store as against opening a conventional bricks and mortar boutique simply because of the economic advantages and other key factors.We also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas, and hard work.Integrity Auto Sales provides a unique car buying experience to the customers in the Willamette Valley, one that focuses on customer satisfaction first.The company will make a healthy profit for its owners and provide a rewarding work environment for its employees.We intend to make enough profit to generate a fair return for our investors and to finance continued growth and development in quality products.We are quite aware that there are several clothing stores all over Los Angeles and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.Jonathan is the Engagement Marketing Manager for Palo Alto Software, and has spent the last 9 years developing and implementing digital marketing strategies.During that time, he has learned that empathy and authenticity are strengths by which companies can effectively engage with individuals at every point throughout the customer journey.