inb’tween boutique retail store management robyn craighead charisse milner briana plath casey...

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InB’Tween InB’Tween Boutique Boutique Retail store Management Retail store Management Robyn Craighead Robyn Craighead Charisse Milner Charisse Milner Briana Plath Briana Plath Casey Ristau Casey Ristau

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Long Term Goals By the end of year 2 have a 70% brand recognition among the local segment. Double net sales by the end of third year Increase web generated business 40% by end of year 2.

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Page 1: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

InB’Tween InB’Tween BoutiqueBoutique

Retail store ManagementRetail store ManagementRobyn CraigheadRobyn Craighead

Charisse MilnerCharisse MilnerBriana PlathBriana PlathCasey RistauCasey Ristau

Page 2: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Mission StatementMission Statement In B’ Tween is a store targeted

towards young fashionistas. We offer trendy clothing and

accessories that are appropriate for young girls between the ages 8- 12. In B’ Tween is an upscale, inviting boutique that enhances are designer brands. Our store is for intriguing young ladies that are fashion savvy and fashion

conscious. Staying fashion forward, we offer our young

fashionistas top quality designer clothing.

Furthermore, our employees are responsive and knowledgeable of the variety of brands carried at In B’ Tween and are willing to assist

our loyal customers.

Page 3: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Long Term GoalsLong Term Goals• By the end of year 2 have a 70%

brand recognition among the local segment.

• Double net sales by the end of third year

• Increase web generated business 40% by end of year 2.

Page 4: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Short Term GoalsShort Term Goals• Create a loyal customer base where

by the end of year one, 30% of the customers are returning customers.

• Generate 15% of business through the website by the end of year one.

• Meet our target revenue for year one.

Page 5: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Target MarketTarget Market• Demographics • Diversity • Geographics• Psychographics

Page 6: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Merchandise SelectionMerchandise Selection• Denim • Tops• Activewear • Dresses • Outerwear • Undergarments

Page 7: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Trade AreaTrade Area

Page 8: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Site SelectionSite Selection

Page 9: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Competitive AnalysisCompetitive Analysis• Major Competition

Page 10: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Madison & FriendsMadison & Friends• Strengths

– Strong Brand Recognition within the area

– Very active marketing team that are constantly planning events and receiving publicity.

• Opportunities – They could take the denim

lounge a step further and offer adult jeans

– Store remodeling and expansions

• Weaknesses– It is a larger store with more

inventory stock problems. – Poor Store Design

• Threats– Their ability to keep up with

current fashion trends

– Weather conditions (Their Roscoe St store recently flooded)

Page 11: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

JusticeJustice• Strengths

– Strong Brand Recognition within the area

– Very active marketing team that are constantly planning events and receiving publicity.

• Opportunities – They could take the denim

lounge a step further and offer adult jeans

– Store remodeling and expansions

• Weaknesses– It is a larger store with more

inventory stock problems. – Poor Store Design

• Threats– Their ability to keep up with

current fashion trends

– Weather conditions (Their Roscoe St store recently flooded)

Page 12: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

MC Store Name 3MC Store Name 3

Page 13: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Fringe CompetitionFringe Competition

Page 14: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

MerchandiseMerchandise•Sourcing•Buying•Handling

Page 15: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Customer ServiceCustomer Service•Store hours•Type of payment •Gift cards •Membership •Refunds and exchanges

Page 16: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Financial InformationFinancial Information• Pricing Strategy• Building & Start Up Cost• Profit & Loss Statement

– Estimated Sales– Operating Cost

Page 17: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

StaffingStaffing• Sales Force• Employee Training• Job descriptions & specifications

Page 18: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

PromotionPromotion• Grand Opening Event

– Saturday, July 12, 2008– 12:00 pm– Food & Refreshments– Fashion show– Prizes & Discounts

Page 19: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

AdvertisingAdvertising• Magazines• Website • Direct Mailer

Page 20: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Point of Purchase Point of Purchase PromotionsPromotions

Page 21: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

WEBSITEWEBSITE

HOMEPAGE

Page 22: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

WEBSITEWEBSITE

DENIM PAGE

Page 23: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

WEBSITEWEBSITE

TOPS PAGE

Page 24: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

STORE LAYOUTSTORE LAYOUT

Page 25: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Visual Merchandise PlanVisual Merchandise Plan

Page 26: InB’Tween Boutique Retail store Management Robyn Craighead Charisse Milner Briana Plath Casey Ristau

Retail Audit ProcessRetail Audit Process