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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.
The industry is projected to grow at 3.1 percent annual growth rate.
Over the years, clothing stores (boutiques) have experienced tremendous growth in all cities in the United States of America and in most parts of the world.
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.
The clothing store (boutique) industry comprises of small retail stores that sells a limited range of clothing and accessories.
Science Fair Project Research Paper Examples - How To Write A Business Plan For A Boutique
The industry is defined as single-establishment stores only.
In essence, our target market can’t be restricted to just a group of people, but all those who resides in the locations where we intend opening our clothing store.
One thing is certain; we will ensure that we only retail quality and affordable clothes and other fashion accessories in our clothing store.
As a result, the start of the recession and its lasting effects on the US economy hurt industry performance.
Per capita disposable income fell as many individuals lost their jobs; accordingly, consumer confidence plummeted and consumers cut spending, causing the industry to contract in 2009.