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Here’s The Tips You Need To Start A Retail Clothing Business

June 25, 2018 282 views

Image of a retail clothing shop

How To Start A Retail Clothing Business

One of the greatest things about starting a retail clothing business is the number of specialties or niches you can go into.

You most probably don’t want to be “just another clothing store” selling cheap clothes that are indistinguishable from clothes carried at places like Walmart. Chances are, you’re looking, or should be looking, for items Walmart doesn’t sell.

To be successful with a retail clothing business in your area, you need to take a look at the community you live in. Is it “down-home rural,” “upscale classic,” full of cute babies and trendy teenagers?

Or, perhaps you want to sell retail clothing that meets a need, such as clothes for older adults, uniforms, or some other type of clothing that is hand-made by local or international seamstresses.

Storefronts can also vary, for example, strip-mall space, full retail store, a permanent vendor booth at a specific location, a small boutique, or an online-only retail clothing store.

Skill Set:
  • Retail sales and marketing
  • Merchandising
  • Fashion knowledge
  • Stock display
  • Inventory control
  • Money management
  • A good eye for color coordination
  • Good at matching clothing and Accessories
  • Common Business Skills
Employee & Job Consideration During The Start-Up Phase Or In The Future:
Approximate Daily Hours Needed:

Depending on your location, this business runs according to retail sales hours, such as Monday-Saturday, 10:00 a.m. to 6:00 p.m., if you are located in a mall you may stay open to 10:00 PM

Equipment, Supplies, & Services During Start-up or In The Future:
  • Acrylic Displays
  • Counter-top displays
  • Clothing Racks
  • Clothing forms and mannequins
  • Display cases and counters
  • Glass displays
  • Grid wall
  • Hat racks
  • Jewelry displays
  • Slat wall
  • Shopping bags, tissue paper, and gift boxes
  • Price gun
  • Tagging gun with tags
  • Size rings
  • Security mirrors
  • Shopping baskets
  • Cash register(s)
  • Credit card processor
  • Retail sales software
  • Dressing rooms/mirrors
  • Warehouse
  • Additional display furnishings
  • Draperies, floor coverings
  • Speaker system (music)
  • Seating (small couches, chairs)
  • Restroom/baby changing area
  • Van or truck
  • Office Equipment
  • General Retail Equipment
Monthly Expenses To Consider:

Common Monthly Expenses

Licenses:

See Our Page on Licenses and Permits

Approximate Minimum Startup Cost:

Bare essential – The average startup cost will vary according to your plans, location, inventory, whether your starting online or as a storefront location.

Pros and Cons:

The Pros:

  • You can be your own boss
  • The business is Expandable
  • High profits in clothing

The Cons:

  • You may require you to work 12- to 14-hour days
  • A risky investment as sales often fluctuate with the economic climate
  • A lot of competition if you don’t discover a way to be different and offer something others don’t
  • It’s difficult to compete with brand name retailers like Zara and other top clothing retailers

Resources

Wholesalers and Supplies:

Wholesale Central

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