Retail Business
Transcript: Nirvana 2.0 Nirvana 2.0 By: Tamar Roques & Maimouna Sylla "Where you can be a little more you and a lot less them." "Where you can be a little more you and a lot less them." Thank You :) Please Hold All Questions Until the Presentation Is Finished. Old Company Old Company -During the past two years, there has been an economic downturn and people are not of spending money on these type of clothing. -These include preteen clothes in the age range of 8-12. -In the past year the owners have been putting a large percent of their merchandise on sale. - This could lead to two things... WHATS WRONG? WHATS WRONG? Number 1: We would suffer from a bigger loss of profit with no change Number 1: We would suffer from a bigger loss of prof... Number 2: The business could potentially close if it continues in the same direction. Number 2: The business could potentially close if ... Things we could do to make the profit rise. Our Plan Our Plan 1. We would use advertisements to draw in customers. 2. Make an online website to make shopping more accesible to those who don't want to leave the comfort of their home. 3. And have a sale on re-opening day on little items to have people get drawn in to the store. STRATEGIES STRATEGIES LOCATION LOCATION We have decieded to move from the outskirts of the city and closer to the center of the city inside the San Francisco Mall. San Francisco San Francisco -We would like to bring new products that draws new costumers to the store. -Also sell more products that could draw older crowds because they have money and there are more young adults in the area. -We would want to attract young adults from an age rage of 16-21 along with the current one of 8-12. PRODUCTS PRODUCTS PRODUCT 1 PRODUCT 1 We would add trendy clothes that would accommodate every type of fashion and size such as jackets, bottoms, tops, accessories and much more!!!!! Jewelry Jewelry Comfy Clothing Comfy Clothing Dresses Dresses Tops and MORE! Tops and MORE! Other products we would add are tech items. Items like phone cases, cameras, laptop cases etc. PRODUCT 2 PRODUCT 2 Phone Accessories Phone Accessories Polaroid Cameras Polaroid Cameras Speakers & Headphones Speakers & Headphones The store should also sell room decor like paintings, decorative lighting, candles, picture frames and more. PRODUCT 3 PRODUCT 3 Example #1 Example #1 Example #2 Example #2 We plan on using paying for billboard and intertent advertisement to endorse our company. ADVERTISEMENT ADVERTISEMENT Our competiton would be the other stores in the city like, Forever 21, H&M etc. We would dominate them by selling varities of things as opposed to just selling one particular type of product like the other stores. COMPETITION COMPETITION Forever 21 Forever 21 H&M H&M Personnel Personnel Who's on the team? 1. Store Owner: Owns the store 2. General Manager: Oversees all tasks by department managers and lower 3. Department Managers: Oversees tasks done by the department they are assigned to inventory department, the sales associates etc. 4. Floor Managers: Keeps employee and customer interactions in check Management Team Management Team Store Hours: Monday: 10am-9:30pm Tuesday: 9am- 10:00pm Wednesday: 9am- 10:00pm Thursday: 9am- 10:00pm Friday: 9am- 10:30pm* Saturday: 9am- 10:30pm Sunday: 9:30am-10:00pm *Black Friday Hours: 5:30am-12am Operations of the Store Operations of the Store -New Years Day -Martin Luther King Jr. Day -Memorial Day -Fourth of July -Labor Day -Thanksgiving -Christmas Special Days CLOSED! Special Days CLOSED! Types of Workers: Inventory Sales Associate Customer Service Representative Managers Employees Employees Here are some of our Respectable Workers! Respectable Workers Respectable Workers Store Owner Store Owner YOU! Gabrielle M. General Manager General Manager Selena F. Department Manager Department Manager Alyssia B. Sales Associate Sales Associate Financial Info. Financial Info. Start: $500,000 INCOME INCOME Buying inventory:$60,000 Rent:$5,000 Salaries:$20,000 Benefits:$1,000 LESS COST TOTAL LESS COST TOTAL $86,000 A MONTH FIXED COSTS FIXED COSTS $10,000-$15,000 a month VARIABLE COSTS VARIABLE COSTS PROFIT BEFORE TAXES $62,000 a month* PROFIT BEFORE TAXES *the price range may rise depending on the items being sold. $6,933.33 a month* TAXES TAXES *value may change depending on what item is being bought becuase all items have differnt tax on them. $45,066,67 a month* NET PROFIT NET PROFIT *value may change Cost: $436,000 a year Profit before Taxes:$824,000 Net Profit: $740,800.04 ANNUAL FINANCIAL STATEMENT ANNUAL FINANCIAL STATEMENT -In years profit would increase 10% of our original profit which equals $74,080.00 -After 5 years our profit would be $1,037,120.06 GROWTH RATE GROWTH RATE Questions??? Questions??? THE END! THE END!