Clothes company financial analysis

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Clothes company financial analysis

We will need money to purchase the clothing, ink, and design software to create our clothing designs. Our company will focus on customer service and we will build strong relationships to keep that loyalty.

We feel as though the unavailability of funds will not affect our business too much because we are starting off as a basic business and plan to expand and develop as our company grows.

Financial Statements and Financial Ratios

Strengths We predict that our demand will be high because people will always be in need of custom t-shirts for special events. Sports teams will always need new warm up t-shirts, colleges will always need t-shirts to sell in their bookstore, and groups of people will always need t-shirts for events like Relay for Life.

We will be targeting people of all ages, but mostly students. Coaches, captains, group organizers or even just one person could come into our store to design a t-shirt or buy a t-shirt through our website. People will always be buying because our t-shirt store will correlate with the holidays or events that are happening ex: We will be targeting all sports teams therefore they will be buying t-shirts all year around ex: We will start off as a small business in Boston serving the greater Boston area.

A strength our company may have is our designs will be up to date, and reach out to all ages. Our clothing will have good quality designs that meet the needs of what the customer wants. Weaknesses Our main weakness is that we are establishing a new company, therefore we have no loyal customers yet.

We need to spend time on marketing our business so that we can get our name out there which will allow our business to grow. Also, because there are only four of us running the company we will have little time to focus on gaining the skills and experience of t-shirt design, so as our business grows we will need to hire more employees.

Opportunities In the future, if our funds allow us to we can expand our location and merchandise. Boston is a great area for our business due to the high number of schools, colleges and organizations.

Our product is basic. Our company is at the beginning stages of the life cycle, technology will not hurt our company it will only help it.

Also, media will favor our business because we could create and sell t-shirts based on the media today ex: Influential groups will not effect our marketing. Threats Our main competitor would be Boston Sweats. They create designs for items from clothes and hats to mugs and key chains.

Because Boston Sweats had so much experience they have gained the reputation of being the number one promotional and corporate gift supplier in the area. Boston Sweats main strategy is to provide their products at with quick service and competitive prices.

Online businesses such as CustomInk. We need to make sure we are creating our own unique designs; we cannot copy a design because that would get us into legal trouble for copyright infringement.Operating through William Carter Company, Carter's is the largest maker in the US of branded apparel exclusively for babies and young children.

Primary products include newborn layette clothing.

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We would like to show you a description here but the site won’t allow us. Financial Statements. The first step to preparing a financial analysis of any company is to obtain at least three years' worth of financial statements, although five years' worth is ideal.

Clothes company financial analysis

Financial Ratio Analysis in a Company Words | 3 Pages. to Olowe (), Financial Ratio Analysis is the relationship between the performance of a company and the monetary data in the financial statements to assist the economic conditions.

Mahogany Western Wear clothing retail business plan financial plan. Mahogany Western Wear is a western apparel retail store catering to African-Americans. Clothing Retail Business Plan.

Clothes company financial analysis

Break-even Analysis. A break-even analysis table has been completed on the basis of average costs/prices. With fixed costs of $5,, ~$47 in. Clothing Stores. SIC | NAICS The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.

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