Business Proposal for a Retail Shop Selling Sports Clothing and Equipment - Introduction - In this coursework I have chosen to plan a proposal for a new business. The type of business I have chosen is a retail shop selling sports clothing and equipment. The shop will be called "Sporting Glory" and will be situated in the High Street of Sutton in Surrey. The aim of the business is to provide quality sports clothing and equipment to it's customers at affordable prices. Through this coursework I will decide how the business will be set up, what stock the business will have to sell (i.e. How much and over what range), how the business will advertise itself, how the business will overcome it's competition (if possible at all) and how the business' cash will be managed (who invests into the business, how much staff get paid etc.). The location of the business will also be decided as Sutton High Street has the capacity of many shops and a shopping mall/centre therefore it has to be decided exactly where the business will ...
Moreover, around 40% of Dick’s Sporting Goods revenue is derived from equipment sales, 19% from footwear sales and the rest from sports apparels. Its stores are 15 times the size of Finish Line’s. It is, therefore, more natural for a consumer to visit a Dick’s Sporting Goods outlets and get access to a wide range of products than visiting a Finish Line. The average revenue per store for Dick’s Sporting Goods in the footwear segment (2015) was more than that of Finish Line and was about USD 1 million. Hence, the alternative for Finish Line was to include a broad range of products. However, they had a high inventory turnover period of 100 days. Therefore, taking into account the space constraints, this was not a viable option for the company. Additionally, another possibility was to open larger stores like Dick’s Sporting Goods and sell a broader range of products. However, this is a relatively long-term solution. Although the average revenue per store for Finish Line went on decreasing, its average revenue per square foot went on increasing in the last 5 years. The inventory turnover days for Finish Line was also increasing. The same store sales growth was initially high as seen in the below chart. Over the period of time as the store count went on increasing, this value however declined. Thus, it can be stated that Finish Line had the twain portfolio of
You are hired as an assistant brand manager for a popular consumer product. One day in an emergency meeting, the brand manager informs the group that there is a problem with one of the suppliers and that he has decided to send you over to the manufacturing facilities to investigate the problem. When you arrive at the plant, you learn that a key supplier has become increasingly unreliable in terms of quality and delivery. You ask the plant manager why the plant doesn’t switch suppliers, because it is becoming a major problem for your brand. He informs you that the troubled supplier is his cousin, whose wife has been very ill, and he just can’t switch right now. What course of action should you take and why?
Advantage: Expanding the sale of products in foreign countries will help UA to become a global competitor in the world market for sport apparel and performance products; enhancing the global awareness of UA brand name and strengthening the appeal of UA products worldwide.
Wamin-Famin Project Management (WFPM) did a pre-assessment when the bid was given to the Trillo Apparel Company District 4 Production. Although there were delays, the Trillo Apparel Company did not experience any significant increase in the cost. The Trillo Apparel project’s quality of workmanship was a success. In part, this was due to the exceptional work done on the installation of the loading dock.
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
We are very thankful to have received all the information you had to offer. We are excited about the web hosting opportunities, and the fan based spirit wear store. I informed Hank that Ben would be reaching out to him. We are hoping to possibly utilize one of our mite teams this year to be able to learn the system before rolling the program out team wide in 2018.
Now that we had identified what it is that we want to sell on our
Analysis of sports clothing industry, including its main features, key market drivers and competition within industry.
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.
I am one of those guys that like to make the world a better place so I feel like if I used what I learned from business simulation I can help make the world a better place for sure. A major key to success for me is making sure the world is a better place so I feel like if I can open more businesses in the future I am changing the world because that will give people who don’t have a job something to do. The biggest thing that I learned from doing the module was managing your products for me that is a big key if you want to have a business because you have to make sure your business is heading the right direction. Like I said before what I can do with what I learned from this class is just to open up my own business because I feel like I can do that. I just need to be that one businessman that can change people life in so many ways by giving them jobs or just making sure they are taking care of. With what I learned in business simulation I can put it to use by opening up my own business even it is not a big business I want to open up something that I will put money in my pocket and also a business that will help me send to my family that living in Africa. They are depending on me so much so I feel like if I don’t have a business to support them let them down. That one of reason why I am taking business so I can just let my mother
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...
If I were to start my own business, my dream would be to build a surf and skate shop on the Southern California coast. My business would be located on beachfront property in the surrounding area. This business plan will cover two main subjects, 1: an Analysis of the Business Situation, and 2: the Planned Operation of the proposed business. The first topic will cover the subtopics Trading Area Analysis and Competition in the area for my business. The second main topic will cover the proposed organization of the business, the proposed business, and proposed strategies for that business. The analysis of the business situation will cover geographic and demographic information for Huntington and the surrounding area. It will also contain an analysis of businesses in the area which are of similar type, customer buying behavior relating to my proposed business, and the potential location of my business. The Proposed Operation section will address the topics of ownership, start-up procedure, personnel needs, special functions, and an organizational chart. Details of products which will be sold will also be included, as will my business' pricing policy. I would hope that through my thorough planning and explanation that my business idea will be a grand success on the beautiful beaches of California.
Although there will not be the ‘exclusivity’ appeal as many copies of an item of clothing is made, the price reduction will attract customers making them strong competitors in the market. Based on the primary resource found, the surveys depicted that majority (7 out of 13 volunteers) found Mr Price to have low prices and high quality items. When asked about Mr Prices strengths 8 out of 13 (61.5%) indicated that affordable clothing was a strength and is the reason they shop there. 3 out of 13 (23.1%) said they were easily
This paper will take a look at the Athlete’s Corner (A) case study (Howse, 1992). The case study topic of Athlete’s Warehouse originated with two brothers, Ed and Colin Power, both from Grand Falls, Newfoundland. The brothers had opened a store called Athlete’s Warehouse that sold sports shoes and clothing. This store was open for 2 years but eventually closed down due to several factors. It closed in part because the brothers didn’t have time to put into the store and also poor location. Colin also ran a fitness facility that cut into his time and he was also a Physical Education teacher while Ed a papermaker at a local mill. usBoth men were very athletic and experts in the field of physical education. Considering that they brothers had so much athletic expertise, Colin even holding a P.h.D in Physical Education, they still held out hope to open a new Athlete’s Warehouse in Grand Falls where the fitness facility was located. They thought a better location could make the difference. Let's look at a
According to global industry analyst, the world sports clothing industry is anticipated to exceed $126 billion by 2015, Because of more active lifestyle, with older demographics and woman becoming more energetic, this drives the market. The entire sports clothing industry is highly filled with so many brands like Nike, Adidas, Umbro and Reebook all over the world competing, even the high leading brands have to work twice has hard in other to keep their share in the market because most of this small firm have quality products and also a very fine marketing style which has increased competing style in the industry. All over the world people demand more versatile wear, which indicates that’s retailers continue to produce new style of sports clothing for both men and women.