Charney began to sub-contract sewing with Sam Lim who, at the time, had a shop with 50 workers under the Interstate 10 freeway in east LA.
Competition I have broken down the competition, product line by product line, following each line's inventory description. The overall competition for the bridal line can be broken down into two: I feel the threat created by Mary Ann's can be easily overcome through good service, great selection, and affordable pricing.
The competition created by the out-of-town shops will be harder to address. Details of how I will deal with each follow the competition descriptions. Mary Ann's Bridal Salon is a very poorly run retail outlet featuring old and outdated stock off the rack.
Most merchandise is sold "as is. Mary Ann's has been in business for 40 years although there have been three different owners. Overcoming Local Competition Service: Megan's Bridal Boutique will be a cleaner, more attractively designed store offering a variety of guaranteed services at reasonable prices, or in some cases, free services.
A dye job takes about five minutes. Although Mary Ann's provides skilled seamstresses for the alterations, pricing is set by the owner on a per dress basis.
Worse yet, many clients are never told there is a charge at all.
Megan's Bridal Boutique will have a published list of charges provided at the time a purchase decision is being made. There will be no surprises, and the client will know exactly how much to budget for her total expenses.
Mary Ann's also has a problem getting special orders in the store in a timely manner. All special orders are delivered COD and often the cash is not available, resulting in returns and re-orders. Many suppliers will not deliver until prior problems are reconciled, again resulting in delays.
I have found most suppliers have liberal terms and are very willing to work with new accounts. It is only after payment problems occur, and are not resolved, that these shipping problems take place. Megan's Bridal Boutique will be able to get special orders in the store and to the client in a more timely manner by establishing and maintaining good terms with all suppliers.
Mary Ann's's pricing has always been high. The idea on management's part has been to price everything high, then offer a "special deal.
I will accomplish this by working with the lower-priced suppliers while maintaining healthy profit margins.Cafe Business Plan.
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The Home of the 4 Hour Investor Grade Business Plan. Faster investor quality documentation using HyperQuestions. Electra Bike Company. Electra Bicycle Company's tag line is 'Dress your Bike, dress yourself' and hired Exit 21 to design, develop and produce the 'dress yourself' part.
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Check out this sports apparel business plan sample to get your business start. For most businesses, the new year is a time for assessment, goal setting and strategic planning.
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