UNIFORM LA CHILLICOTHE WORK JACKET Drop, going on right now.
Uniform LA's Chillicothe Work Jacket is an elevated take on the classic Detroit Work Jacket. Made of ultra-premium 14-ounce Japanese canvas, it has been meticulously washed and hand distressed to replicate vintage workwear that’s been worn for years, and available in three colors.
This just dropped today. If you missed out on the preorder, there are some sizes left, but they won't be around for long. Check out the remaining stock here
Good luck!.
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I used to own a store that sold see-through underwear. I made one hundred million dollars per year.
Lol. So this is Cal's level of education. Just as I expected.
Econ at cal is what people choose after they get rejected by haas for undergrad business.
I used to own a store that sold see-through underwear. I made one hundred million dollars per year.
If you want to start a business right after college, you should have chosen a Business Administration major (Specifically Business Management) instead of Economics.
I was a business management major - what a load of crap that was. Econ majors actually have to earn their degrees - can't say I did (and my university had the second largest business program in CA).
If you want to start a business right after college, you should have chosen a Business Administration major (Specifically Business Management) instead of Economics.
Lol. So this is Cal's level of education. Just as I expected.
this is the oldest question in the history of the internet. Boy likes [fill in expensive hobby funded by parents] Boy posts on [expensive hobby] forum Boy wants to open shop selling [expensive hobby] ??? Profit and it kills me when people ask about salaries of small business owners. The salary is what you put into it. First year will be insane hours and barely enough money to pay your bills, second will be bad, but a little better. If you make it to the third year, you'll probably have enough to start paying back the people who loaned you money. Yoyoyo the sky is blue man... "it kills me"... lmfao... //rant
Econ at cal is what people choose after they get rejected by haas for undergrad business. To OP, if you're really serious about your goal, and it seems like you're not, go get an internship and job in the retail industry. Even if someone said, margins are around x-y%, what the **** does that even tell you?
STFU. I bet he's a community college transfer.
And maybe make a few business plans, based on real numbers and due diligence.
Managerial accounting specifically.
Ok, I was going to let a few of the Big Boys have a crack at you before pointing this out, but it's taking too long. YOU'RE AN IDIOT! 1. The only people who know this **** are the owners of the boutiques. No ****... I already said that. They aren't about the share their mark-up/profit margins with you because: (a) Why the **** should they, its none of your business! (b) If people know what the mark up is, they know how much discount can be asked for (c) Every single one is different. A 5th Avenue boutique will charge a bigger mark up than a small town boutique. 2. This is basic research that you should have the brains to do yourself. Off the top of my head I would suggest calling wholesalers, contacting brands and investigating franchise owners. Ever take the time time to figure out that I may have already done this and am simply trying to get as many sources as possible? No, of course not... because trolls like to imagine somebody below them... if you can't walk using your arms and hands, then I probably can't walk using my legs and feet.
i simply dont understand how people jump straight to profit like its an exact calculation. between rent in different cities and prices retailers charge to carry their brand (he mentioned nike which i heard is roughly 50,000$) the range is massive. also, building a reputation is probably the hardest part, personally if he opened a store in toronto, which has had places open recently that carry brands i like, i still always find myself at my favourite store buying the brands i like
Gross margin (at full retail) ranges from 50% to 66% for most items. There will be some items (some accessories, impulse buys, etc.) where you'll get a big margin, but they're typically lower dollar value. Keep in mind that if you're selling clothing, your realized margin will be quite a bit lower, because you'll have to clear a significant amount of your merchandise at sale prices. As you note above, most established brands have restrictions on on-line selling, and extensive MAP policies. The most important thing you need to open a boutique like this is a ton of start-up capital. Only if you're extraordinarily well capitalized are high-quality brands going to be willing to sell to you. Without a ton of money (or a proven track record of success), you're not going to be able to convince a luxury brand to trade with you.
I want to know what the industry standard profit margin is on items like Visvim and Maison Martin Margiela... to make the world go round it has to be high enough to make me want to start a boutique, then work my magic to make it successful...
Thanks, but what I meant to ask was whether or not there are methods within the clothing retail business which help to lower startup capital... basically, are there any ways to make the startup capital lower than the obvious which you listed.... ex. do such labels have a spot in their receivables for start ups or established companies, or is the industry standard an indefinite pay first talk later...
There is no "industry standard" unless, as another pointed out, 45% to 55% (or so) is what is considered an "industry standard". Plus, it depends on many factors i.e. location, store size, market, popularity of product, etc.
Thanks! Yeah, there's just a lot of little "OMG... I could have payed for this at the end of the month or end of the year?" that I know of for other businesses which I can't really think of for a clothing retailer hahaha