The Growth Of Electric Shopping

The Retail Category I have chosen is ‘Electrical Goods’. This category consists of retailers who specialise in: Computer hardware; computer software; white goods; brown goods and audio-visual. I have

The global women’s clothing industry is expected to exceed $621 billion in 2014, marking a 12% increase in five years, reports MarketLine. Clothing retailers account for the largest share of the market at almost 65% in terms of value. We will first seek customers locally, but will increase our range as we build our brand and are confident in our image.

1. Identify the type of retailer that Nordstrom 's is classified as. Describe the characteristics it shares with other retailers of this type.

They also understand that “when you stop evolving with your customer, you die,” as Jamie Nordstrom, president of stores, has said. They are building fulfillment centers to accommodate online shopping more quickly, use RFID chips to keep their perpetual inventory system for stores and online to share, and invested more into online growth than brick and mortar stores, knowing that this is where their growth is coming from. “Over the next several years Nordstrom expects to derive half of its sales from the Rack and from its online units, versus 38 percent today,” and that’s because “the U.S. Commerce Department estimates that electronic commerce amounted to 6.2 percent of total retail sales in the first quarter of 2014.” Analysts have also been saying Nordstrom has thrived compared to competitors because it is a pioneer in perks like free shipping and also having the unique diversity of products online. (https://nrf.com/news/nordstrom-exec-evolve-or-die) (http://www.luxurydaily.com/nordstrom-integrates-instagram-to-create-shopping-experience/) (http://seattletimes.com/html/businesstechnology/2024313399_nordstromearningsxml.html) (http://wwwiebe.com/nordstrom-customer-service-first/)

Topshop was founded in 1964 in Sheffield within the ladies fashion store chain Peter Robinson Ltd. The first official stand alone store was opened in 1974, followed by Topman being introduced in 1978 exclusively for male customers. Topshop has over 300 stores in the UK and over 100 stores internationally and has a flagship store in both London andn New York. It is part of the Arcadia Group which also owns Dorothy Perkins, Burton and Miss Selfridge.

According to the U.S. Census Bureau, the forecasted expectations for economy sales in regards to clothing and clothing accessories stores edged up 0.8% in 2014, to $253.7 billion, versus 3.8% and 5.5% gains in 2013 and 2012, respectively. While purchaser spending has profited from pointedly bring down gas costs, we trust a movement in spending from nondurables to durables and, to some degree extravagance products, has contrarily affected attire deals, starting now there are no indications of unemployment growth.

Nordstrom’s product selection is probably the store’s most effective method of distinguishing itself from its competitors. The comprehensive categories of goods which the store supplies offers the initial disparateness from most other retailers in the market. Many stores offer a specific category of goods, such as food with grocery stores. Other retailers, such as Target or Walmart, offer a wide variety goods. Nordstrom’s has established itself as a retailer of clothing, shoes, and accessories. This over-all summation of the store

For the past hundred years the need for clothing increased since the number of people of keeps growing. As the years go on, producers must find new ways to produce more clothing to make more profit and keep up with demand. Before people would either have to ride all the way into town to have tailors make their clothes, or have someone at home make the clothing for them. But as the years progressed, methods have changed dramatically.

2. Richard M. Johns (2006). The Apparel Industry. 2nd ed. UK, London: Blackwell Publishing Ltd.. 1-124.

A confirmation that Target store was emerging as a leader in the consumer business and is the

The growth of the global Apparel and Retail industry has been predicted to grow at least 15% in the next 3 years with experts pointing out that it will be mostly credited to the Asia Pacific area, accounting for 40% of the predicted growth.

80 billion clothing items are produced every year. About two million tons of clothes is thrown away every year. The clothes often cannot be resold due to lack of quality. Only about 10% of clothes are resold. ¾ of the clothing’s manifested from fast fashion labels will end up in a land fill after a year after it is put out for consumers to buy.

The clothing industry, as one of the most globalized industries in the world (Bonacich et al 1994), is currently undergoing a restructuring, especially the fast fashion sector. Fashion markets are synonymous with rapid changes and short product life cycles. Therefore, changes in consumer demand for newness and fashion trend force the emergence of ‘fast fashion’ strategy in retailers like Zara and H&M and shifts in the focus of competitive advantage from price towards quick response. That is to say, clothing firms, which are adopting global or offshore sourcing strategy, are not considered to have more competitive advantages as before.

The following business report will summarise and review the ‘World textile and apparel trade and production trends: the EU’ from the ‘Textile Outlook International’ article, focusing on Turkey as a country of interest when it comes to international trade. This will explore political, environmental and commercial forces apparent to Turkey’s success concluding with the outlook for the countries future.

First we will start with the Macroeconomic factors. Economic factors can have both positive and negative impacts on the clothing industry. Consumer purchases generally decline during recessionary periods and other periods where disposable income is adversely affected. And that will increase the competitive pressures in the industry. Which will lead the company to be stuck with large amounts of inventory. Thus they might have to sell the clothing at substantially reduced prices. And that could adversely impact the company’s liquidity, capital resources, results of operations and continued growth. On the other hand, during an economic boom period, people have more disposable income. Hence, they may buy more clothes, which will ease competitive pressures, and that will result in an opportunity to expand operations and earn higher profits. Thus in todays growing economy, the macroeconomic factors represent an opportunity for ANN INC.