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Amandeep
Amandeep
Men's Clothing Stores is the Identified business segment that is impacted by the Covid-19 and in which
the writer interested in.
Description: This industry involves foundations essentially occupied with retailing a general line of new
men's and boys' dresses that are ready-to-wear. These foundations may also provide some basic
alterations, for example, stitching, taking in or letting out creases, or extending or shortening sleeves.
Total Stores: There are 383 Employers for the men’s clothing store and 153 non-
employers/indeterminate in Ontario.
Number of Employees: There are 127 stores that have the employee range 1-4. These stores are
considered in the Micro Employment size category. There are 253 stores that have the employee range
5-99. These stores are considered in the Small Employment size category. There are 253 stores that have
the employee range 100-499. These stores are considered in the Medium Employment size category.
There is no large employment size category store in Ontario as there is no store that has more than 500
employees working on it.
Revenue: Their average revenue in Canada is approximate $552.8 thousand with about 69.9% of
profitable rate.
Purpose:
The main purpose of this business is to offer quality, name their brand in a variety of sizes and styles to
oblige all different body styles and shapes with respect to the current trends and the future trends.
Goals:
The very first goal would be to identify the current consumer trends along with the items they
can want in the future.
Always try to remain their business as a Profitable business.
Branding is another important fashion goal.
Investing in the broad showcasing and publicizing systems that can uncover the business items.
Have reliable distributors who can expose the business label in the market.
Showcase an assorted range of items for your clients for various circumstances and seasons.
Business Function:
SWOT Analysis:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
Strengths: the strengths for the men’s retail store can be the financial backing of the retailers. Cheaper
prices of the wholesale items, raw items or the cheaper labor can also be another strengths. Also, if the
company is selling something unique as compare to its competitors present in the market can also be
considered as the strength of the company.
Weaknesses: By doing some statistical surveying, the retailer can check in the event that it has a weak
brand icon versus key contenders or absence of character in the commercial center. For example, the
store may sell both modest and costly brands, so it comes up short on a characterized place in the
client's mind. Basically, the store offering to all market fragments may mean it has no upper hand that
separates it from different retailers.
References Used:
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