Executive Summary
Opening a furrow in the aggressive retail attention can be demanding and rewarding. It is important to show goods and services that resonate the expectation of the consumers. The success of the fashion industry relies on the ability of retailers to possess a comprehensive friendship of consumers, market and trends of the business. Also cover the application of the functions and principles of developing business practices.
My study includes understanding the scope of marketing, managing and operating the retail business. It examines the immenseness of different views and role of marketing in retail to succeed. This as well explores the concepts of brand personality and communication tools including the advantages and disadvantages.
The additional data has been dispassionate from different sources such as books, databases and articles. The theoretical framework that has been chosen consist the marketing segmentation, the Marketing Mix Model and functions, consumer behaviour and a female behaviour analysis.
I. Nature of the retail business
betoken Boutique offers a variety of special occasion dresses and accessories inwardly the affordable luxury fashion clothing range and concentrates on classic styles that have ability to be worn in every season.
In the world of fashion it is necessary to heighten the stock due to the changing of tastes and seasons but by choosing a classic style I can manage the current cost.
As a small business the brand come up is very important naturally; the qualities make it interesting, unique and specific in accordance with the customers taste. The product offers durability and exclusiveness to meet the expectations of the consumers. The combination of clothes and accessories means that the customers are able to carry out the beauty of the products. The collections are more interesting as they hold on on refreshing even though restocking less frequently.
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