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Opportunities with Manufacturers

As we are often approached by Manufacturers we want to highlight a few points of relevance if you have a factory and you want to pivot in the current turbulent times we are facing.

Opportunity 1 - Build your Brand

Often your experience and skills are second to none and you have the creativity (and manufacturing capability) to design and market your collection to international Buyers.
The margins as you know are vey generous.
The market is changing, the Consumer is happy to hear from you directly and you can start building the foundations before you make any substantial investment.

Check this programme which will help you make your Dream a Reality.

If you feel that you are planning to launch the Brand project within the next 6 to 18 months then consider this programme as it will save you time and money. 

Book your call here and access the resources from Global Fashion Management and the London Fashion Business Academy.

Turbulent times require a Special Promotion

We thank you for visiting our web site and due to the challenging environment and turbulent times we live in, we must work together to support your business and our economy.

Setting up, managing and scaling up  a Fashion Brand is based on 3 pillars
Creativity - Your product/ Collection
Marketing / Communication
&
Business

The coronavirus (covid19) is serious yet it will be over soon yet it will certainly take a few months and another period to come back to normal.

In the meantime, it is the perfect opportunity to get together (121 or online) and build the foundations and strenghten your day to day operations.

Benefit from this offer over the next few months to support your Brand/ Retail business or Fashion project.

Retail / Wholesale - 4 hours consulting, operations audit and execution    
Normal Price £ 500 + VAT                 This month: £250 + VAT (UK total £300)

Full day consultancy, operations, audit and execution (8 hours)
Normal Price £900 + VAT (8 hours)    This month: £450 + VAT (8 hours)

THERE ARE ONLY 2 BOOKINGS POSSIBLE PER MONTH.

Act today +44 20 8576 6233  - International Clients (WhatsApp) +44 7951 198 769

Check the video below.

Retail Key Performance Indicators

Flying a plane is like running a retail business, it requires a dashboard and key performance indicators to drive a better business.

There is no other way to make your boutique or E-commerce business more profitable.
You may reach your goals by luck however, one day, it will go wrong and you will have no data to know what went wrong, when it went wrong, who got it wrong and therefore how to fix it.

Time Management & great quotes

UPDATED VERSION

What will break or make your business succeed is time and priority management.
How do you rate yourself?
Do you regularly procrastinate tasks which are important in the business?
Do you just focus on the easy ones?
Do you only focus on the ones you love doing or those which are urgent but not important?

Let's check what other Business people say about Time Management and let's review some other great quotes from business leaders or successful people ...

Douglas Reid - Xerox Corp
"Management has the responsibility to explain to the employee how the routine job contributes to the business's objective. If management cannot explain the value of the job, then it should be eliminated and the employee reassigned."

Tony Robbins- Motivational Speaker
"If you do what you've always done, you'll get what you 've always gotten."

Richard Branson - Founder Virgin Group
“One of my favorite tricks is to conduct most of my meetings standing up. I find it to be a much quicker way of getting down to business, making a decision and sealing the deal. When given the opportunity I often like to take things a step further – literally, with a walking meeting.”
“I think the number one thing that I take with me when I’m traveling is the notebook… I could never have built the Virgin Group into the size it is without those few bits of paper.” “If you have a thought but don’t write it down, by the next morning it may be gone forever.”

Top reasons why clients love our merchandise planning winning approach

Winning @ Retail Advantage.

With our partner Management One™, we have become the Trusted Authority in Merchandise Planning and Open to Buy.

Clients' benefits
Have the right product at the right time in the right quantity.
Forecasting sales at over 90% accuracy.
Reduce average stock level by up to 30%.
Constant critical thinking to grab growth opportunities.
Improvement of the Retail KPIs

KPI - Discounts: Traditionally, the total yearly discounts should not exceed  10/15% of net sales in a multilabel environment and the total discounts should not exceeding 25/30% of net sales in a mono brand environment.
Check that your stock does not represent more than 2/4 months of sales (possibly less if you bring fresh goods every week/every month).

Why?

1.We take the time to understand the operational and expense side of your retail business.

a.Semi Annual Break Even analysis
b.Cash flow
c.Dashboard to monitor KPIs
d.Annual Profit Potential Worksheet
e.Annual SWOT-POP (Problems, Objectives and Priorities) to redefine objectives and goals

USA - Graveyard for UK Brands

We had an insightful conversation with a British Client just recently.
As we were talking about the USA, he stated
"The USA has been a graveyard for UK Brands".

He was right, 100% right.
Why so many failures? Why can't we find the true reasons for this situation and avoid it?

We have a thorough understanding of the USA, field experience and many contacts and let's share with you why the business owner compared it to a graveyard.

BELIEF - "I have the ability to become a Designer"

Every aspiring Designer will believe that he/she has the ability, skills, experience to become a Designer and set up and launch a global fashion brand.

And they are right.
Believing in yourself is the first step towards success. However it is not the only one.

EXERCISE
Go and interview 10 Designers and ask them to honestly answer a few questions about their journey in the Fashion world. 
Make them think about past specific events, opportunities or challenges and ask them to give you the context, process and logic around the decisions that were made.
If they were to go back to that time but with the insight of today's experience, what would they do differently and why.

 

10 Top Tips for Reducing Discounts

When you have more items on sale rails than on the rest of the floor, there are a number of things you can do, however, rolling your eyes and blaming the increasingly unpredictable British weather shouldn't be one of them.  

The only rolling going on should be you rolling up your sleeves and taking serious action.  If you want to make more money from your stock, it's time to start working in a different way.

Please note that the comments below refer to a multilabel store however the logic applies to all mono brand stores.

Business of Fashion Powerpack: It will drive you through any crisis

You know you have a powerful creativity that can transformer the lives of the people around you and the followers you have.
You make us feel good, you enrich our lives and you make a rainy day look like sunshine.

Furthermore, in a complex and unpredictable environment, why stay alone?

If you want to go fast, go alone. (We would add "May be")
If you want to go far, go together!

Join us for a Free Webinar that will change the way you see Fashion and how easier it can be to start up, manage and scale up your Fashion Brand.

Prepare this 1 question that is holding you back and submit it.

Our 100% commitment is clear: We will answer it on the webinar or post webinar.*

USA - How to grow sales successfully?

The USA Market offers every Brand an opportunity for success however it can reveal itself as a difficult market if you refuse to learn how it works.

We will share what we have been abe to do with people to help them grow sales in the USA in less than 4 hours.

As Fashion Brands were fed up to go there unprepared and therefore losing thousands of dollars, they have asked GFM how we could help.
We came up several years ago with the "#USAWorkshop" which delivers to your Team and yourself what you need to know before you go.
You will learn the mistakes that other brands have made and there is much more to say than what this blog post can ever take!

The best quote we were provided was
“This workshop is the Rolls Royce of Fashion information on the US market”
PARVEEN COUTURE – Farakh Parveen

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