Learning “How to start a clothing retail store business” is easy with the abundance of resources that are available but it also has its share of challenges that involve:
- Dealing with uncontrollable factors involving people and expenses
- Challenges in increasing cost of production and distribution
- Finding good suppliers and excellent workers
- Dealing with competitors
These challenges are daunting and cause a lot of small business owners to close before things could lift off the ground. However, mixing different strategies to have a thriving business in retail clothing offers unlimited potential to earn profits and establish your own brand.
What is a clothing retail store business?
A clothing retail store business is involved in purchasing trendy and fashionable apparels for the purpose of merchandising and selling these clothes to its intended customers. Some of the activities that a clothing retail store business is engaged with are:
- Marketing clothes through print ads and commercial displays
- Controlling Inventory
- Hiring and Managing employees (sales reps, cashiers, accountants, and I.T. personnel)
- Provide customer service to address issues or complaints
Types of clothes stores
Different types of clothing stores are classified under the following types of categories:
- High-street chain stores (Mastroianni Fashions, Third & Arrow, Tatyana Boutique)
- Department stores (Target, TJ Maxx, Macy’s)
- Designer boutiques (Gucci, Chanel, Bebe)
- Multi-brand fashion stores (Matchesfashion)
- Independent fashion boutiques (Vintage Vegas Antiques, Glam Factory Vintage)
- Outlet stores (Las Vegas North Premium Outlets)
- Supermarkets (White House Black Market, Walmart Supercenter)
eCommerce & Social Media
The idea of merchandising a product or a service online has paved the way for the development of e-commerce platforms such as Taobao, Amazon, eBay, and Target. Moreover, the huge numbers of people shopping online have created the need for companies and business owners to use social media platforms to advertise their clothes stores such as:
Why Las Vegas?
Aside from the fact that Nevada is the ideal state to establish a business for reasons that include:
- Ease of setting up a business
- Protection to its owners, board of directors and officers
- Advantages in taxes and fees
Other important reasons to start your clothing retail store business include:
- Starting with little or no capital
- Different niches and styles
- Save on advertising cost using Social Media
- Make profits without leasing at shopping malls in Las Vegas
- Plenty of available resources to learn how to start a clothing store online
If you have the passion, motivation, and the willingness to persevere in the clothing industry business, here are the steps.
