How to Join
the Fashion Spot / Front Row / Careers, Education & the Business of Fashion
FAQ Calendar Search Today's Posts Mark Forums Read Rules Links Mobile How to Join
Reply
 
Thread Tools Display Modes
11-01-2006
  16
tfs star
 
tricotineacetat's Avatar
 
Join Date: Apr 2005
Gender: homme
Posts: 1,922
Feel free to ask me anytime, I am working as a buyer myself in a family-run business... Since I guess that you are not intending to open a huge business from the start, it would be best if you already did some research which lines or designers could work well for you and the market that you want to address. You may want to have a look at any of the bigger tradeshows in your area, just to see what´s on the market, especially when you are new, it will be difficult dealing with big corporate brand names like Dolce & Gabbana, Prada, Dior or Gucci, as it is likely that you will have to order A LOT from them... it´s a huge risk unless you already have the customers that are likely to buy merchandise from you, so working with smaller brands and designers will give you a much-needed flexibility in the first few years where you have to find your customer base.

  Reply With Quote
 
11-01-2006
  17
rising star
 
Join Date: Nov 2005
Gender: femme
Posts: 114
what kind of merchandise, brands, etc do you guys carry???

  Reply With Quote
12-01-2006
  18
tfs star
 
tricotineacetat's Avatar
 
Join Date: Apr 2005
Gender: homme
Posts: 1,922
Quote:
Originally Posted by annabel_lee
what kind of merchandise, brands, etc do you guys carry???
We currently focus on selling Y´s Yohji Yamamoto, Rochas, Bruno Pieters, Nicolas Andreas Taralis, Stephan Schneider and Anne Valérie Hash for women and Dior Homme, Martin Margiela, Stephan Schneider, Kris Van Assche and Raf by Raf Simons for men... it´s then rounded up with brands like Acne Jeans, Nudie Jeans, A.P.C., Schiesser (German company with extremely high quality jerseys) and assorted footwear/accessories to allow a less strictly runway-based styling with the designers... arguably, they also allow ourselves a faster cashflow, since the prices are remarkably lower than, say, a top from Rochas or Dior.

  Reply With Quote
12-01-2006
  19
windowshopping
 
Join Date: Dec 2005
Gender: femme
Posts: 36
I was just thinking about this. I am pretty new to this board and like what I see. I am possibly moving from CA to Va and thinking about opening one up too. I heard you have to know who to buy from (as far as wholesalers etc) is that true? The start up $$$$ is no prob..it's just the whole idea of who to talk to and what the steps are.. any ideas?

  Reply With Quote
13-01-2006
  20
rising star
 
belladawn's Avatar
 
Join Date: Jul 2005
Location: New Jersey
Gender: femme
Posts: 182
I opened my boutique about a year and a half ago...it has been going pretty good I am glad I made it through the 1st year..that is the hardest...I could help anyone interested in finding wholesalers...and what is really involved. I am in New Jersey but travel to NYC alot for the showrooms and trade shows. You have to really be involved with the designers, I am constantly looking for new products...The hardest part is having new stock always available for the customers. My website will show some of the stuff I sell. I started small out of my home just to get people to know my name and what I sell..to build a cusotmer mailing list... Once you go to a few trade shows you will know what to buy, the minimums, and the terms such as immediates,cancel dates, delivery. The other thing to think about is your general business info, if you go online set up your business name to get a tax id number, this is something some designers ask for too.

__________________
my intimate affair with fashion "Dream your dream, live your life, and look glamorous doing it" twitter.com/dawndelrusso

Last edited by BetteT; 26-06-2011 at 11:54 AM. Reason: Reoming link to on-line store, per tFS No Self Promo rules.
  Reply With Quote
13-01-2006
  21
windowshopping
 
Beata's Avatar
 
Join Date: Nov 2005
Location: Chicago
Gender: femme
Posts: 45
in opening a boutique or store what are some of the most important things to do/know? if you were to give lets say just 5 things what would u recommend doing in order to be successful in your first year?

  Reply With Quote
13-01-2006
  22
rising star
 
belladawn's Avatar
 
Join Date: Jul 2005
Location: New Jersey
Gender: femme
Posts: 182
1. Make sure you have at least 6 months worth of savings to pay major expenses, rent, phone,electric,...
2. Have a good customer mailing list to send out 20% off cards, info about upcoming events ...
3. Know enough about how to run a business, accounting, finances
4. Get creative with displays, incentive programs, events, do have trunk shows and fashion shows, major thing is to brand your name...do surveys to know what your customers are looking for, always ask alot of questions, KNOW YOUR CUSTOMER
5. take credit cards, this is a major way people pay for items, I take all of them...don't work about the percentage the credit card companies take you will make this back..people love convience.
6..Sorry I had to add one more...Location, location, location..
Oh and a website is always helpful...
I know this is more than five but I hope it is helpful

__________________
my intimate affair with fashion "Dream your dream, live your life, and look glamorous doing it" twitter.com/dawndelrusso
  Reply With Quote
16-01-2006
  23
windowshopping
 
Join Date: Jan 2006
Location: vancouver
Gender: homme
Posts: 13
^^ how much money did you need to start? and did you do it on your own or with a partner?

  Reply With Quote
16-01-2006
  24
fashion elite
 
Dulcisima's Avatar
 
Join Date: Jun 2005
Gender: femme
Posts: 2,566
BellaDawn beautiful site...love ur stuff...
How much was ur total capital for your boutique? was it costly?
How many brands did u start with ?
For all you boutique owners, i would be interested in knowing what type of brands u carry and how many brands u carry..and most importantly how much it costed u?
All the best.
Thank u

__________________
"Do you know what it feels like loving someone that’s in a rush to throw you away?" -Enrique Igelsias
  Reply With Quote
16-01-2006
  25
follow the lights
 
Baizilla's Avatar
 
Join Date: Sep 2005
Location: Copenhagen
Gender: homme
Posts: 2,957
Quote:
Originally Posted by tricotineacetat
We currently focus on selling Y´s Yohji Yamamoto, Rochas, Bruno Pieters, Nicolas Andreas Taralis, Stephan Schneider and Anne Valérie Hash for women and Dior Homme, Martin Margiela, Stephan Schneider, Kris Van Assche and Raf by Raf Simons for men... it´s then rounded up with brands like Acne Jeans, Nudie Jeans, A.P.C., Schiesser (German company with extremely high quality jerseys) and assorted footwear/accessories to allow a less strictly runway-based styling with the designers... arguably, they also allow ourselves a faster cashflow, since the prices are remarkably lower than, say, a top from Rochas or Dior.
Are you able to sell the lesser known designers?

I'm asking because there's a boutique in Copenhagen, and i spoke to the buyer, she told me that they stopped carrying Undercover because it just didn't sell, because no one actually knew what Undercover were..

  Reply With Quote
16-01-2006
  26
scenester
 
Join Date: Jul 2005
Gender: femme
Posts: 51
Hello all, I'm fairly new to tfs, I hope you don't mind me jumping in. I'm very interested in this topic. I'm in the midwest with no fashion at all, seriously, except for 1 poorly stocked saks, but I believe there is a market here, especially for fabulous accessories. Are there any areas that some brands like, chloe, balenciaga, y-3, ysl, etc can't or won't send stock to? thanks

  Reply With Quote
17-01-2006
  27
rising star
 
belladawn's Avatar
 
Join Date: Jul 2005
Location: New Jersey
Gender: femme
Posts: 182
Quote:
Originally Posted by Dulcisima
BellaDawn beautiful site...love ur stuff...
How much was ur total capital for your boutique? was it costly?
How many brands did u start with ?
For all you boutique owners, i would be interested in knowing what type of brands u carry and how many brands u carry..and most importantly how much it costed u?
All the best.
Thank u
Thank yo sooo much...
It was pretty costly for me I had to take out a loan over $50,000
I started with about 10 up and coming designers...luckily I live close to the city so I was able to go to alot of showrooms and trade shows to find good lines to selll

__________________
my intimate affair with fashion "Dream your dream, live your life, and look glamorous doing it" twitter.com/dawndelrusso
  Reply With Quote
17-01-2006
  28
windowshopping
 
Join Date: Dec 2005
Gender: femme
Posts: 36
Bella Dawn.
I would really like to be in contact with you over the next few months. I am really interested and would like to be able to ask you questions here and there. IS that okay.?

What was the first thing you did?
How did you approach the designers?
Did you write a buisness plan?
:p

  Reply With Quote
18-01-2006
  29
fashion elite
 
Dulcisima's Avatar
 
Join Date: Jun 2005
Gender: femme
Posts: 2,566
I have another question..How did you set up your accounting system? what was the most costly thing you had to pay for? is the first couple of months negative profit or neutral or profit making?

__________________
"Do you know what it feels like loving someone that’s in a rush to throw you away?" -Enrique Igelsias
  Reply With Quote
18-01-2006
  30
scenester
 
Join Date: Jul 2005
Gender: femme
Posts: 51
belladawn, so kind of you to share this information, appreciate it! your website is LOVELY

  Reply With Quote
Reply
Previous Thread | Next Thread »

Tags
boutique, brick, mortar, online, opening, operating, retail, store
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

monitoring_string = "058526dd2635cb6818386bfd373b82a4"


 
All times are GMT -5. The time now is 10:35 AM.
Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
TheFashionSpot.com is a property of TotallyHer Media, LLC, an Evolve Media LLC company. ©2014 All rights reserved.