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Challenges in the fashion industry
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Profile My cosine sister, Punam Sharma is running a clothing store in city centre, Kathmandu, Nepal. We were growing together, and I know how grow up her business from small retail shop to big clothing store. It is all possible due to her hard work. Before, she could not afford to buy more products but now she imports products from Thailand and Bangkok. Her good interpersonal skills helped to earned many customer and she is a successful independent women. I know how she climbed mountain of success in business and in market. And I am impressed with her dedication toward work to start clothing store back in capital city of Nepal. EXECUTIVE SUMMARY The whole today is running towards fashion and clothing stores business day by day is climbing high. And Nepal is one the country where fashion means a lot especially in Kathmandu city. As Nepal is tourist attracted country and clothing business will be profitable business. Panchakanya will be a new clothing store that will supply to the apparel to the customers. Our focus is to provide cultural and branded retail clothes and accessories to the customers. Panchakanya is the clothing store in the city which can provide all sizes (XS, S, L, XL, and XXL), colours, patterns and fashionable clothes. BUSINESS CONCEPT/ MODEL Panchakanya fashion and clothing store will be located at bouddha-04, Kathmandu, Nepal. Our business will start by renting two big rooms, (one show room and one store room).Three changing cabin will be made with fully furnished. This location is national and international tourist attracted area due to Gumba. Our store will be organized as sole proportship business of ownership in ganga’s name. Even though, Nepal is one of the small and poor countries, people over there are... ... middle of paper ... ...urrent Liabilities (interest-free) $2,000 TOTAL LIABILITIES $48,800 Capital Planned Investment Owners Investment - Cash $60,100 Additional Investment Requirement $0 TOTAL PLANNED INVESTMENT $60,100 Loss at Start-up (Start-up Expenses) ($9,000) TOTAL CAPITAL $51,100 TOTAL CAPITAL AND LIABILITIES $99,900 Total Funding $108,900 START UP Requirements Start-up Expenses Rent $1,225 Grand Opening Event $400 Telephone & Utilities (3 months) $1,600 Travel -Market Buying Trip $400 Business Insurance $600 Advertising & Promotion $1,000 Store Fixtures/Decorations $1,500 Computer/Cash Register $850 Organizational Dues & Subscriptions $125 Business/Office Supplies $400 Other $900 TOTAL START-UP EXPENSES $9,000 Start-up Assets $18,800 Cash Required $1,000 Start-up Inventory $80,100 Other Current Assets $0 Long-term Assets $0 TOTAL ASSETS $99,900
Karolina Swietoniowska, the young, youthful, educated and passionate owner of Korra dancewear has been in business, trying to live her dream of designing dancewear clothes for the past three years. Sales have been however very slow for her, given that she had other priorities to take care of, she is now looking to improve her position as a businessman and increase her scale of business and expand and grow. Capital and experience constraints have been pulling her down and she is struggling to make her mark on the market. There are other very strong competitors in the market, functioning with very different
She began with a small boutique out of her own pocket and has grown to a world-renowned, award winning fashion designer, receiving awards varying from the Australian Louis Vuitton Business Award in 1997 to the Leading Women Entrepreneurs of the World Award in 2002 (Collette Dinnigan, 2016). Collette Dinnigan is one of Australia’s most successful fashion designers who has taken many risks in the fashion industry and has used her initiative to become one of the most recognised designers worldwide. References: What is an entrepreneur? definition and meaning. 2016. Business Dictionary.
Topman already has more than 309 fashion stores nationwide with another 50 stores outside the United Kingdom division. Topman boasts the worlds largest fashion store in London with over 200,000 shoppers per week, Topman gets twice deliveries per day and 7,000 looks per season. In the year 2006, Topman’s operating profit hits 110 million with its annual sales of 600 million now. It brings a strong brand image of Topman based on the successful achievement to consumer’s mindset. Strong brand image builds confidence and reliability towards Topman’s product. In a nutshell, expending Topman’s market in Vietnam has a strong potential to gain sustainable profit.
The strengths of the book come from its’ accessibility. The book is easy to follow and provides readers with a great deal of information about the production of mass-manufactured clothing. As well as brings awareness to its’ many issues which we inadvertently take part in when we purchase such products. The book is well written and thoroughly researched but does have its’ share of weaknesses.
Harley-Davidson is the largest market share holder of motorcycles over 750cc in the United States. After the expansion of our production and distribution capacity, we will be in the position to meet the increasing demand for our motorcycles and other products, including a new line of clothing specially design for women. Growth potential appears very good especially in the overseas market and the young and mature women and younger market. Gaining a larger market share in this area may require a further increase in production and distribution capacities. We must plan for expansion and build new strategies how to target the woman, younger market, as well as the already HD owners and continue to grow as a company.
To fully appreciate the evolution of Columbia from “a corporation that was a niche manufacturer of outdoor clothing aimed at fishermen…into an international brand and publicly traded powerhouse,” (1) one must understand the level of perseverance, work ethic, dedication, and attitude of one Gertrude Boyle: now 87, but still “One Bad Mother.” (Exhibit1) Gert Boyle took over the family business in the 1970s after the sudden death of her husband. A candid and straight person, Boyle has often admitted that, having never worked a day in her life, she had no idea what to do when she first began running the company. (2) Despite her lack of experience, Boyle helped turn Columbia from a company near bankruptcy and collapse into a billion dollar publicly traded organization. Along the way she relied on her natural business savvy and perseverance, overcoming trials such as family tragedy and even an attempted kidnapping.
Al-Astwra Group is one of millions groups who post their stories in Kiva to have support in their home business. Al-Astwra Group consists of four women who live in Sanaa, Yemen. Their leader Mriam says that they are working from home to have some extra income to help their families’ financial states. They have a year and a half of experience with their home-based sewing and tailoring business. In addition, they succeed to establish a client base in Yemen and they want to improve their business in order to increase their incomes. However, they have sewing s...
J’adore is a timeless fragrance by Christian Dior. It was created in 1999 and remains one of the most popular fragrances of the brand for women. Christian Dior, the father of the “New Look”, stated the principal goal to “save women from nature”. Dior is known everywhere in the world. “Absolute feminity” is one of the slogans for J’adore.
In case of Langham Place, it was positioned as trendy landmark in Hong Kong. There are different themes for different area, such as beauty, causal wear, food court and restaurants. Each area groups shops with the same characteristics. Theming of Langham Place, on one hand, provides convenience to customers who have clear target on what they want to buy. On the other hand, the classification of different shops could build up a unique atmos...
In the South Korean Gucci website “Bamboo Shoopper” bag costed from approximately ₩2,665,000. (Gucci 2012 q). Gucci South Korea used to announce the “Bamboo Shopper” bag Facebook Gucci Korea. (Facebook Gucci Korea 2013a).In the South Korean Gucci website “Gucci Icon new Bamboo” bag started from approximately ₩ 2,965,000 - ₩ 3,805,000 according to its style and collection Gucci (2012 i). Gucci South Korea used to announce the “Gucci Icon new Bamboo” bag not only in Facebook Gucci Korea web site but also from their own South Korean Gucci web site. (Facebook Gucci Korea 2013b), (Gucci 2012 s).Starting from the year 2011, mobile, tablet applications and internet has been the main channels which enable Gucci to effectively reach their consumers. (Euromonitor International 2013 g).Fashion shows which are important to display what is the last trend of the brands is in a close cooperation with the PR department because PR has to build different stories and inform public related with the brand. According to the information available in (Pricewaterhouse Coopers Accountants N.V. 2004), “for the 2003 year Gucci’s growth in their long term revenue and growth was depended on a quality fashion shows and a collaboration with the PR department” (Pricewaterhouse Coopers Accountants N.V. 2004:26).Fashion shows for each season is an effective way to take the attention again for the related consumer of the brand.
After studying the cosmetic market we can identify a series of needs in this market:
Charles & Keith, a well-recognized women’s footwear brand was established in 1996 in Singapore Amara shopping centre by the two young brothers, Charles Wong and Keith Wong. The company began its foreign market venture in 2000. To date, Charles and Keith has a presence in more than 20 major cities around the world. The brand are well-known internationally today with the vision “to be the most admired fashion-forward company” and the mission “to offer high quality products and services, with a commitment to perfection” in mind all the time (Charles & Keith, 2013).
A retail teinasapa institution, Almas Super Shop was founded in 1991. In Dhaka, Bangladesh it has 3 branches in Dhanmondi, 1 in Uttara, 1 in Bashundhara City and has its main branch in Gulshan-1. Not only in Dhaka but it has branches in other places in Bangladesh. The product it basically sells are all types of grocery product, men’s wear, branded and local cosmetics, perfumes, lighters, watches, dvds, electronics, crystal show-pieces, women’s wear like sari, bags, shoes, etc. Except for branded perfumes, cosmetics, watches and wallets it usually sells product that are local or imported from China.
Fast fashion is a term used by fashion retailers to express that designs move from runway quickly in order to capture current fashion trends. Fast fashion clothing collections are based on the most recent fashion trends from both fall and spring fashion week. This fast fashion strategy is currently used by well-known brands such as H&M, Zara, Top shop and many other brands. Fast fashion allows consumers to take advantage of current clothing styles at a lower price because fast fashion trends are designed and manufactured quickly and cheaply. However convenient aspect of fast fashion has been leading to promote consumerism since clothing had become unfashionable and not wearable quickly. Also a lot of these garments are made of unsustainable fabrics, which is a huge threat to our ecosystem. Solution for problems in fast fashion is needed.
Conclusion: Looking to above problems, women entrepreneurship is certainly a sturdy road to be travelled by women where they have to prove themselves. With lots of hurdles on the way, today’s woman is bold enough to stand out of the crowd setting an example for others Her vintage image of woman as holy domestic cow is lifted up. Its upon we, the citizens of country to pay respect and adore her in he was she balances he personal & professional life. If our country wants to be seen on global map as economy of rapid growth, blooming buds of women entrepreneurs need to be fostered first. A smart woman can pick an job but if she becomes an entrepreneur, she can provide livelihood o 10 more women at