Anonymous |
22-01-06 09:24 PM |
The reason why the three local retailers have only small clothing and accessory departments is almost certainly because they have found there is relatively little demand - otherwise they would for sure have BIG departments! 130,000 catchment area is nothing - you might see 1% of that - and it'll be shared with three others.
In my experience, relatively few people go into business with a proper business plan - most use it just to convince themselves that they are doing the right thing. They rarely are.....and that is compounded if you have neither a unique idea, or are launching into a very mature and well-served market (which you would be). Then you can only compete on one thing: price.
And before you do ANYTHING, thoroughly research the supply side....ask about size coverage, range coverage, MOQ, lead time, payment terms, warranty, and trading area security.
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