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Starting a clothes shop

(3 Posts)
Acrosstheuniverse123 Wed 15-Nov-17 17:11:29

I am just wondering about starting a clothes shop, a small shop selling nice clothes and bags etc. Anyone know anything about what is involved, profitability etc?

Shen0102 Sat 18-Nov-17 17:49:34

Just do research of your competitors to start with.
For example look at Topshop, Riverisland, Ted baker, h&m, primark etc. And ask yourself what can you provide that will make everyone stop shopping from them and come to you instead. After you've figured that out then figure how much stock you'll start with and how much that stock will cost etc. Then figure out where you're going to get the start-up cash from. I wouldn't recommend using life savings for such a highly saturated market as more than 80% of start-ups fail within the 1st year.

Twopeapods Thu 30-Nov-17 14:31:54

This is such a hard business to start. I do specialist menswear (expensive outfits) and I hire them out and sell. It's a lot more money up front to buy the stock but once you have it you make it back on hires. I'm just wondering if there's another form of hire wear you could do. The hire side keeps me busy and I make more money from that than selling.

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