Professional Documents
Culture Documents
Growth
Vertical:
nOpen a spin off store
nExpanding globally
Horizontal:
nCreate our own line of merchandise
Multi-channel:
nCreate catalogs
Global Expanßion
France
One global market that we plan to expand to is Paris, France. There is
a good foreign market for our brand to enter due to the massive fashion
market there. Paris is the fashion capital of the world so we see our business
succeeding there. Although, the French and American markets do have
some differences, overall, they are quite similar compared to other markets.
We have found that we may need to adjust what products we purchase and
where we buy them in order to fit the french style more accurately. French
women tend to go for a chic, put together look but have a strong emphasis
on comfort and detail. These are things that we will pay attention to when
purchasing the merchandise for the French store. Some challenges that we
may face are the language barrier, expensive rent, and competitors. With
Paris being the fashion capital we will find high rent costs and several
competitors.
France
Gross National Product (GNP) $2.9 Trillion
United Kingdom
Gross National Product (GNP) $2.85 Trillion