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Transcript of Highlight_Final Thesis
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I-Chun Chen
03653912
Fashion Merchandising
Academy of Art Universi ty
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CONTENTS
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Target Customers
Product Plan
Competi t ive Strategy
Competi t ion Analysis
Business Concept
Execut ive Summary
Market Analysis
2.1 Business Description
2.2 Mission Statement
2.3 Vision Statement
2.4 Business Concept
4.1 Key Competitors Analysis
4.2 Competitive Analysis Chart
5.1 SWOT Analysis
5.2 Competitive Advantage
5.3 Positioning
5.4 Value and Differentiations
6.1 Primary Customers
6.2 Secondary Customers
6.3 Tertiary Customers
6.4 Personas
7.1 Sourcing and Brands
7.2 Proportion of Merchandise
7.3 Categories
7.4 Buying Plan
3.1 Macro-Environment
3.1.1 Taiwan Market Environment
3.1.2. Global Eco Friendly Trend
3.2 Micro-Environment
3.2.1 Baby’s Wear Industry
3.2.2 Organic Cotton’s Industry
3.2.3 Furniture Industry
3.2.4 Location Analysis
3.2.5 Customer Trend/Research
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08 / 11 /
09 /12 /
10 / 13 /
Market ing Plan Operat ional Plan
BrandingFinancial Plan
Visual Merchandising Appendix
8.1 Marketing Objectives
8.2 Marketing Strategy
8.3 Marketing Calendar
11.1 Organization Chart
11.2 Ownership Details
11.3 Employees Responsibilities and Benefits
11.4 Location and Hours of operation
9.1 Brand Identity
9.2 Business Card
9.3 Letterhead and Envelope
9.4 Shopping Bag and Gift Box
12.1 Financial Plan Summary
12.2 Future Growth Plan
12.3 Financial Sheet
10.1 Floor Plan
10.2 Wall Display
10.3 Window Display
10.4 Storefront
10.5 Price Tag, Stamp and Window Signage
13.1 Resume
13.2 Reference
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01Execut ive Summary
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Execut ive SummaryHighlight is a lifestyle store which emphasizes the best life for children. Nowadays, more and more parents pay attention to quality of life especially for their children and raising the quality of their life has become a very important subject. Therefore, Highlight is a baby and childrens' retail store which imports and sells unique eco-friendly apparel and furniture in Taiwan. In Highlight, the quality of the merchandise must be a priority. The apparel is made from organic materials. All of the furniture is made with natural non-toxic materials. Highlight will be located in the south of Taiwan, Kaohsiung. Since Taiwan’s children market has room for improvement, Highlight hopes to receive the welcome signal from the consumer markets because the consumption ability is also going up year by year. We hope we
will become a leading brand of children’s stores in Taiwan.
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02Business Concept
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2.1 Business Descript ion
2.2 Mission Statement
2.3 Vision Statement
Highlight is a children’s lifestyle retail store which has apparel and furniture. For furniture, we will import small childrens' furniture from the USA and Denmark, which are focused on quality, comfort and safety. For apparel, we will carry local and international brands from U.S.A and Sweden. All brands will use organic cotton. We are dedicated to helping parents and children 0-5 years to find the best merchandise for fashion and bedroom. The price belongs to the mid to high price range. Highlight’s target markets are 25-44 year-old parents and 45-65 year-old grandparents. On the whole, we will introduce new styles and concepts for children. The development of Highlight will create a unique brand that adds value and new styles to the children’s market in Taiwan. Our goal is to provide customers with excellent experience. Our products are high quality, modern designs with considerations of sustainability and environment that are important in our retail store.
Highlight provides childrens’ merchandise with high integrity, service and quality. We promote green products to bring consumer new concepts. We promise our products are high quality and meet our customer’s expectations. Quality, organic and eco-friendly merchandise is our responsibility. Our merchandise is tailored to parents who think of themselves as individuals f irst. For us, customers are always first.
Highlight is committed to creating a leading brand children’s lifestyle store in Taiwan. It gives parents and children a chance to proclaim their individuality. The vision of Highlight is to create beautiful children’s clothes and furniture without compromising on social responsibility. Our products are designed and manufactured with love and respect for the world in which we live, the world where our children will grow and play.
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2.4 Business Concept
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03Market Analysis
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3.1.1 Taiwan Market Environment
3.1 Macro-Environment
•Poli t ical
What is "organic cotton”?
Cotton is the world's most popular fabric. It is used for almost every type of clothing. Today, however, the pesticides used on conventional cotton increasingly threaten people, wildlife and the environment. Conventionally-grown cotton occupies only 3% of the world's farmland, but uses 25% of the world's chemical pesticides. Environmental changes affect each one of us. So, Organic cotton represents a return to safe and sustainable practices. Organic cotton is grown in a way that uses methods and materials that lessen the impact on our environment. A big effort in the organic movement is to use growing systems that replenish and maintain soil fertility and build biologically diverse agriculture. All cotton sold as organics must meet strict federal regulations covering how the cotton is grown. Therefore, the organic cotton needs certification organizations verify that organic producers use only methods and materials allowed in organic production, and it is grown without the use of toxic and persistent pesticides and synthetic fertilizers. Organic cotton is produced without the use of harsh chemical bleaches or dyes, and is allergy free. In conclusion, we try to do everything possible to minimize our ecological footprint by creating organic products and
minimizes the impact on the environment.
The Global Organic Textile Standards (GOTS)
The Global Organic Textile Standard is the worldwide leading textile processing standard for organic fibre including ecological and social criteria, backed up by independent certification of the entire textile supply chain. The aim of the standard is to define world-wide recognized requirements that ensure organic status of textiles from harvesting of the raw materials, through environmentally and socially responsible manufacturing up to labelling in order to provide a credible assurance to consumer. The standard covers the processing, manufacturing, packaging, labelling, trading and distribution of all textiles made from at least 70% certified organic natural fibr e. A textile product carrying the GOTS label grade organic must contain a minimum of 95% certified organic fibre whereas a product with the label grade ‘made with organic’ must contain a minimum of 70% certified organic fibre. ( Herbert Ladwig, 2014)
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•Economic
Taiwan’s Economy Trends
The Gross Domestic Product (GDP) in Taiwan expanded 1.17 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Taiwan averaged 1.35 percent from 1981 until 2014, reaching an all time high of 5.64 percent in the fourth quarter of 1990 and a record low of -5.07 percent in the fourth quarter of 2008. (Trading Economics, 2014)
Figures 1:
Figures 2:
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Consumer confidence is expected to boost apparel performance
As global condi t ions improve, the expor t-dr iven Taiwanese economy should see a shift in spending habits, even as Taiwanese consumers remain rather conservative in their spending since the 2008/2009 global recession. The economic rebound and strengthening consumer confidence should help to boost apparel sales over the forecast period. Nevertheless, consumers may be slower in changing austere habits, expecting heavy discounting and sustaining a preference for standard brands or cheaper alternatives through online channels, night markets and hypermarkets.
GDP in bn. USD
(2014)
489,0 Inf lat ion rate 0.1
GDP per capi ta in
USD (2014)
21,572 Working populat ion
in mi l .
10.97
Economic growth
rate (2014)
2.98% Unemployment rate
( in %)
3,92%
Average wage in
USD/month (2014)
1,549.7 Export (ci f ; nominal;
yoy in %)
2.0
Gross f ixed
investment in % of
GDP (2014)
19.26 Import (ci f ; nominal;
yoy in %)
1.1
Inf lat ion rate (2014,
yoy in %)
-0.19 External debt in
mi l l ion USD (2014)
177,945
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Taiwan Interest Rate 2000-2014
The benchmark interest rate in Taiwan was last recorded at 1.88 percent. Interest Rate in Taiwan averaged 2.07 percent from 2000 until 2015, reaching an all time high of 4.63 percent in December of 2000 and a record low of 1.25 percent in February of 2009. Interest Rate in Taiwan is reported by the Central Bank of Taiwan. (Trading Economics, 2014)
Figures 3:
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•Sociocul tural
Population Trends
The Taiwanese Ministry of the Interior estimated that the population of Taiwan in 2012 was 23,268,087. This makes Taiwan the 50th largest country in the world in terms of population, and the 16th most densely populated country in the world.Taiwan’s largest city is New Taipei, which is home to 3,903,745 people. New Taipei should definitely not be confused with Taipei City, the capital of Taiwan. Taipei City is entirely surrounded by the city of New Taipei and has a population of 2,635,766, making it
Taiwan’s fourth largest city. Together with the city of Keelung, they make up the Taipei Metropolitan Area, which has a total population of 6.9 million.Other major cit ies in Taiwan are Kaohsiung City (2,772,461), Taichung City (2,655,456) and Tainan City (1,874,724). No other Taiwanese city has a population of more than 500,000 people. (WPR, 2014)
Figures 4:
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Figures 6:
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Large international brands continue to saturate apparel
The continued immense and rapid expansion of international fast fashion brands in Taiwan such as Uniqlo and Zara heightened consumer preference for fast fashion. 2013 witnessed the continued growth of these major international brands and the expectation of more international brands to enter Taiwan in the following year. These brands are popular as they are perceived as being fashionable, exotic, high quality, standard-priced and as offering very good value-for-money. Taiwanese consumers continue to value Korean and Japanese fashion, primarily sold in private boutiques, and which offer a cheaper and more unique alternative to standard retail selections. (Apparel and Footwear in Taiwan, 2014)
Consumers looking toward apparel consumption alternatives
There continued to be an increase in the number of Taiwanese consumers switching from premium brands to economy and standard brands in 2013 due to weak consumer conf idence and the increased preference for fast fashion. While the arrival of Uniqlo and Zara offered consumers greater choice, the growth of hypermarket private label, as well as increased reliance on discounting, were driving forces in apparel. Retailers continued to rely heavily on price-reduction strategies throughout the year, thus enforcing a cycle of consumers anticipating discounts to make
purchases. (Apparel and Footwear in Taiwan, 2014)
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•Geography
Taiwan Profile
The Republic of China(Taiwan) was founded in 1912, making it the first democratic republic in Asia. In 1949, the government moved to Taiwan and maintained jurisdiction over an area encompassing the islands of Taiwan, Penghu, K inmen, Matsu, Dongsha, Zhongsha, and Nansha.
Area: 36,000 square kilometersPopulation: 23 millionLanguage: Mandarin / Taiwanese / Hakka /
Indigenous Languages
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Location
Taiwan's total land area is about 36,000 square kilometers. It is shaped like a leaf that is narrow at both ends. It lies off the southeastern coast of mainland Asia, across the Taiwan Strait from China - an island on the western edge of the Pacific Ocean. To the north is Japan; to the south is the Philippines. Many airlines fly to Taiwan, making it the perfect travel destination.Taiwan lies on the western edge of the Pacific "rim of fire," and continuous tectonic movements have created majestic peaks,
Figures 7:
Age Specific Fertility Rates (2014) ‰
Figures 8:
Total Fertility Rate
rolling hills and plains, basins, coastlines, and other natural landscapes. Taiwan's tropical, sub-tropical, and temperate cl imates provide clear di f ferent iat ion between the di f ferent seasons. There are rare or endangered species of wildlife on the island. Among these are the land-locked salmon, Taiwan serow, Formosan rock monkey, Formosan black bear, blue magpie,
Mikado pheasant, and Hsuehshan grass lizard.
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3.1.2. Global Eco Friendly Trend
In today’s rather apathetic and over-polluted global environment where the drastic effects of climate change and environmental degradation surround us, including: extreme weather events, such as tornadoes, hurricanes, floods and melting of the polar ice caps in the Arctic; we seem to get overwhelmed by all of the talk of living an eco-conscious lifestyle. And in effect, decide to go on living our eco-ignorant lives the way we always have, wasting away the planets finite natural resources, such as water, natural gas, oil, and coal; while simultaneously significantly endangering the lives of ourselves, our family, and future generations. (Five Benefits of Promoting An Eco-Friendly Lifestyle For Your Kids, 2014)
For parents and grandparents, there is nothing more important than keeping your baby healthy. Dressing your baby in organic clothing is a responsible choice that will protect them from harm. Using eco friendly products frequently is the key to an improved and greener planet. It helps save the planet and bring awareness to build informed communities of nature-minded people. We just need to think outside the box a little bit and slowly change our lifestyle to become more eco-conscious, while also teaching our kids that the
key to living a happier and healthier life.
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Figures 9:
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3.2 Microenvironment
3.2.1 Chi ldren’s and Infants Wear Industry
•Global Market Size and Forecast
Children's wear market value to hit $173.6 billion by 2017
The global economic meltdown did not dampen spirits in the vibrant children's wear market, primarily driven by rising income levels, virtually limitless apparel varieties and keenly aware market savvy kids. The global children's wear mark is estimated to hit a value of US $173.6 billion by 2017. Furthermore, growing affluence in emerging markets, nuclear families, and the trend of emulating western culture will also ensure a rapid market growth.
The amount spent annually on children's clothing can vary dramatically from household to household, from under $25 to several thousand dollars. The average family spends $107.28 on children's clothing $123.79 for each girl, $90.77 for each boy. Spending varies dramatically depending on household income and age of the primary householders. Households with an income under $10,000 spend an average of $24.67 on boys' clothes and $49.75 on girls' clothes, while households that earn $70,000 or more spend an average of $167.04 on boys' clothes and $216.57 on girls' clothes.
However, the developed regions within Europe and North America are considered traditional leaders and account for a principal share of the global children's wear market. Asia-Pacific, spurred by rapidly escalating markets in India, China, Korea, Thailand, Taiwan and others is poised to deliver the fastest growth rate of 5.3%
through to 2017. (Matt Bodimeade, 2012)
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The Global Children's Wear market during the forecast period
Over the past few years, children in developed economies in the Americas and Europe have become highly fashion-conscious. These children are treated like adults and they are continually exposed to fashion media and branded clothing. In addition, increased international travel and awareness about branded clothing among their peers is also contributing to awareness about luxury and designer brands among children. Wealthy parents, celebrities, and high-profile businesspeople also prefer to clothe their children in luxury brands for numerous reasons. The growing desire among children to dress like adults and experience the newest fashion trends is inspiring several luxury brands to create miniature versions of adult clothing for children. Therefore, the increasing demand for luxury children's wear in developed economies is a trend that is expected to lead to the growth of the Global Children's Wear market during the forecast period.
Figures 10:
Parents are increasingly spending more on their children's wear due to reasons such as peer pressure and the need to maintain their social status. Currently, across the globe, an average family spends approximately US$105 annually on their child's clothing. Spending extravagantly on children has become an important consideration in their upbringing. Higher disposable income is another reason for the increasing spending on children's wear by families. The availability of newer designer children's clothing and footwear has also increased consumer spending on children's wear, which is adding to the market growth. (Laura Wood, 2014)
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•Taiwan Market Size and Forecast
Children are their parents’ most precious treasure and a nation’s most important resource and future. Children's clothing represents the most rapidly growing sector in the clothing market, accounting for almost 11% of EU spending on clothing. As result of the great parental care and love, multiple development of children industry in Taiwan is taking shape. ( 施宜煌,2013)
The world children’s clothing market is expected to exceed $186 billion by 2014, representing 15% market expansion since 2009. (Datamonitor) The children’s clothing market is predicted to exceed $115 billion in 2014, representing almost 2% yearly growth over a f ive-year period. (MarketLine) The children and infant clothing industry involves the design, manufacture and retail of children's clothes, which are made in a wide range of materials including cotton, wool, linen and many other fabric. Clothing styles and types change from one country to the next,
depending on culture and temperature. Clothing protects children from various potentially harmful threats such as the elements. Western clothing styles continue to be seen in increasing numbers of other countries outside of the West. The sector is becoming increasingly competit ive. Retailers other than those involved strictly in children's wear are dedicating more and more space to promotional activities for children's wear. Department stores and grocers, for example, are according more importance to this market segment, with some establishing standalone children's clothing stores. The global children's clothing market will recover quickly from the economic recession. As children are constantly growing, their need for clothing replacement is higher than any
other demographic.
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3.2.2 Organic Cotton’s Industry
•Global Market Size and Forecast"Organic" has been the buzzword of significance over the past decade in the food industry, and while it hasn't gained popularity in the fashion industry as quickly, it's on its way to becoming a mainstay, thanks in no small part to the rise of organic cotton. Put simply, organic cotton is any variation of the crop grown without the use of chemical pesticides and fertilizers. This is typically done
by replacing fertilizers with natural composts and rotating crops more frequently. Weeds are abated with innovative machinery or hand labor, and the matured crop is usually harvested by hand because harmful chemicals are absent, this makes the work safe for laborers. (Mattias Wallander, 2014)
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Figures 11:
Why choose organic cotton? Conventionally grown cotton is one of most heavily sprayed field crops in the world-using 2 percent of the farmland worldwide, it consumes 10 percent of the world's pesticides and 25percent of all insecticides, according to Pesticide Action Network. Sprayed from the air, these highly toxic pesticides often drift over farmhouses, roads, water sources, and workers, resulting in water and soil contamination, as well as danger to wildlife and human health. For example, a 1993 EPA study focusing on carbofuran, an insecticide used on cotton, estimated that one to two million birds are killed annually by the chemical. Cotton is also a food crop: cottonseed oil is used in snack foods, and cottonseed is used to feed beef cattle. As insects gradually become resistant to pesticides, ever-increasing amounts are required to be effective.
(Jane McConnell)
Currently, the leading producers of organic cotton are Turkey, Syria, Tanzania, Brazil, India, the US and Australia. The largest producer of traditional cotton is China. Unfortunately, China's organic cotton production has remained stagnant for the past decade. Unlocking the key to increasing organic cotton growth in China is a high priority for proponents of the crop. Despite a recent drop-off, the Textile Exchange reports the organic cotton market is stabilizing and making incremental progress. An estimated 71 percent of retailers plan to increase their use of organic cotton going forward. Organic cotton isn't yet everywhere, but that day is coming soon. When considering the apparel industry is responsible for approximately 10 percent of the global carbon footprint, any way to reduce the environmental impact of our clothing should be taken seriously.
(Mattias Wallander, 2014)
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Functional textiles and eco-friendly textiles categories have both gained in demand in the clothing and household textiles markets. In recent years, the cotton-spinning industry has focused its R&D on improving manufacturing processes, thereby achieving equipment automation and production efficiencies. Taiwan's textile producers are successfully combining the advantages of natural and chemical fibers, with the aim of developing new high-performance, functional and high value-added products that meet consumer demands. Organic cotton has also attracted investment interest as the textile and apparel industries seek more ecologically sustainable operations. For example, several cotton-spinning mills in Taiwan have joined together to produce organic cotton textiles. The production processes used by these companies have been organic-certified, and their organic products have been successfully commercialized. It is expected that textiles using organic cotton and eco-friendly fibers will become important export items for Taiwan in the future. Taiwan’s textile industry is also considering ways to develop more eco-friendly functional textiles. This combination of advanced functionality and environmental sensitivity is making the industry even more competitive and
socially responsible. (ICIA, 2014)
Taiwan Market Size and Forecast
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The Role of Taiwan Government
in Facilitating "Sustainability" of the Sector
Taiwan has implemented the VPC (Voluntary Product Certification) for organic textiles. In recent years, the importance of sustainability in economic and development work is widely recognized internationally. The innovation of manufacturing products to meet ecology demands as well as environmental protection goals is the trend in both the textile and apparel industries. The government has been requested by consumer groups to establish an organic certification mechanism as a way to manage production of organic textile products. The range of materials included in the certification system includes organic cotton, organic wool, organic hemp, organic silk and organic leather. The products cover yarn, fabrics,
clothing and household textiles categories. (ICIA, 2014) The validation process includes product testing and factory inspection, and is divided into four grades:(1) The first level: the product contains more than 95% organic material or organic transition material.(2) The second level: the product contains more than 70% organic material or organic transition material.(3) The third level: the product contains more than 45% organic material or organic transition material.(4) The fourth level: the product contains more than 5% organic material or organic transition material.
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3.2.3 Furni ture Industry
Children's furniture is a popular category, and one of the things that makes it popular for retailers is a lot of the time it 's not the parents buying it, it 's the grandparents said Jerry Epperson who is a furniture analyst. He said the births are expected to increase over the next few years, as the children of the baby boomers the echo boom generation start to become parents. Large numbers of baby boomer grandparents eager to spoil their first grandchildren also could boost sales. However, children's furniture retailers face strong price competition because of an influx of products from Asia that have driven down prices. (Joan Ve rdon, 2014)
Here are ten of the top trends in this industry today:
Green Furni tureKids furniture today is designed to be eco-friendly, sustainable and healthy for children. It is very common for the furniture to be organic and made with non-toxic processes. We want our kids to be green so the furniture we supply them with should reflect that. This is a trend that started a few years ago and is continuing strongly to this day.
Br ight ColorsBright colors that aren’t gender specific. It is not nearly as common as it used to be for girls to have pink furniture and boys to have blue furniture. Today’s kids furniture is usually done in bright colors that are great for both genders. Greens, yellows, oranges and bright blues are popular.
Bold GraphicsThese colors aren’t just being put together with polka dots and stripes. There is a huge trend towards using bright colors in bold graphic designs and patterned upholstery.
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Black and Whi te Furni tureAlthough bright colors are definitely a trend, there’s also a parallel trend towards black and white furniture. Many parents are interested in providing their kids’ rooms with a look that is very modern and edgy. The two trends can be combined when a room that’s mostly done in black and white has some pops of colorful furniture added to it.
Space SaversThe economy has caused many families to scale back including making the choice to move to smaller homes or rent out extra rooms. The result is that there’s been an increase in the need for space-savings kids’ furniture. Bunk beds are popular again. Beds with storage underneath them are popular. Space-saving organizing systems are popular.
Handmade Furni tureAnother trend launched as a result of the recession has been the trend to make your own items for kids in order to save money. Parents who are handy with tools may actually make their own metal or wooden kids’ furniture. More common, though, you’ll find homemade accessories for the furniture. For example knitted and crocheted bedding for kids is popular again.
Designer K ids Furni tureAs a backlash against the recession some people have overcompensated and started a trend towards high-end furniture for kids. Kids furniture designed in the style of Italian villas and Parisian home interiors are not uncommon as a trend among people who have the money to spare.
Chi ldren's DesksOne of the most popular kids furniture items is the desk. Kids spend so much time these days on computers that it is highly common for them to have their own computer desks. The desk may be in the child’s bedroom or in a common area. The trend is typically towards small, organized desks with a lot of drawers and cubbies.
Personalized Furni tureAn emerging trend is furniture that kids can write on. For example, beds and even floors may be painted with chalkboard paint so kids can draw on them, or chairs that can you can place a photo of your child in.
Ret ro TrendsThere are a few trends that were in favor in the past, fell out of favor and are now starting to creep back. For example, Asian influence in children’s furniture design is beginning to make a comeback. Likewise, bohemian styles are beginning to pop up again. It is a great time to pull stuff out of storage and revamp it for the kids.
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3.2.4 Location Analysis
•Kaohsiung Prof i leFacing Taiwan Strait on the west and Bashi Channel on the south, Kaohsiung is a beautiful and modern metropolis located in southern Taiwan as well as the second largest city of this island. On December 25, 2010, Kaohsiung City was merged with Kaohsiung County to be Greater Kaohsiung, a metropolis occupying an area of 2,946 km extending from the Central Mountains to Taiwan Strait. The total population will be approximately 2.77 million. Possessing all kinds of natural landscapes and living facilities, this metropolis will develop as a new international city. Kaohsiung City is an important international hub for Taiwan. It has a complete air/marine transportation network port and the industries of logistics, financial insurance, and services as the center of talent incubation and technology R&D. Kaohsiung County owns a variety of agricultural resources as well as industrial and high-technology parks. Such an advantage will create more practical benefits from the merging.I n t h i s new K aohs iung , immed ia te se r v i ces and more comprehensive social welfare to each of its citizens will be ensured as the merging optimizes the deployment of the resources and better facilitates the district administration. With all the features and advantages, Greater Kaohsiung’s competitiveness will be greatly enhanced as promised. Kaohsiung is now at a new starting point in communication with the world. (Information Bureau, Kaohsiung City Government)
Population:Approx. 2,770,000Area:Approx. 2947.6159 km2
Population density:941 people/km2
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•Zuoying Distr ict
Geography
Zuoying District is in the north of Kaohsiung City. It connects Sanmin District to the east, Gushan District to the south, Nanzih District to the north, and faces Taiwan Strait to the west.
Total Land Size
Area: 19.3888 square kilometers
Population
There are 40 boroughs, 760 neighborhoods, 76,413 households,
and 195,436 residents
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3.2.5 Customer Trend/Research
Attitudes Toward Shopping for Baby-Related Items
Fashion has always been a powerful means of expression, as the way we dress reflects our cultural mentality, personality, and even our feelings. In addition, fashion has the great merit of combining practicality with aesthetics, and could be perceived as a pragmatic form of art. Being influenced by many different cultural and social factors and permanently adapting to the needs and requirements of a continuously developing society, fashion has suffered a lot of radical changes over the course of time. During its ongoing process of evolution, it has generated many different styles and trends, revealing traits characteristic to each distinctive generation.As the children's clothing industry was growing in popularity, more and more fashion designers decided to focus their work exclusively on designing clothes for young children and babies with children's clothes gaining a lot in aspect and originality. Supermarkets and clothing stores began to fill up with ingenious and colorful clothing articles for children, lots of shops even specializing in exclusively selling children's clothes.
A lot of children nowadays spend more and more time looking for the most interesting and imaginative clothing items they can find. Mesmerized by so many clothing models, designs and colors, many children can hardly decide upon a single item in particular.
As soon as they step inside children's clothing stores, children are immersed in a colorful and magnificent world, similar to the world created by toy stores. In fact, the young generations' interest towards clothes, and thus their inclination towards originality, aesthetics and sense of beauty.
There are some key points when parents buy merchandise for their children. First, more than half of parents with children age 4 or under who own baby-related products research these products online then buy them in-store. Researching online is a way for parents to see reviews and compare various product attributes side by side. However, the idea of actually seeing a product in person in order to touch and feel it is also important when making purchases in this category, particularly on big ticket items such as furniture and transport items.
Second, the parents rely on information and advice from their friends and family when buying baby products. Friends and family discounts are likely to appeal to this group as they may be bringing friends and family with them when shopping, this can encourage both parties to make purchases during shopping trips.
Last, knowledge of key brands is also a key factor when shopping for baby-related products. They rely on their own knowledge of a few key brands and make purchase decisions based on that. Brands should ensure that they are promoting products and educating parents online, since so many are researching products in that medium. (Alison Lipson, 2013)
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The Power of the Grandparent Economy
Grandparents.com commissioned Peter Francese, founder of American Demographics, to uncover the facts and to shatter some myths about grandparents. He estimates that grandparents will spend $52 billion on their grandkids this year, the bulk of it on school tuition and other education costs ($32 billion), but also on gifts like clothes ($11 billion) and toys ($6 billion). And his research projects continued strong spending, in part because the employment rate among grandparents has increased 10 percent, even while that of all other age groups has seen steady declines
during the recession.(Peter Francese, 2009)
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04Competi t ion Analysis
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In the children’s apparel and furniture market, there are three direct competitors and two indirect competitors for Highlight. They are chain stores around Taiwan, and the price range is between $15-$80.
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•Direct Competi tors
Why And 1/2
Est: 1979Price range: $15 - $80
Company Overview:
Why And 1/2 was established in 1979, and it has many stores in Taiwan including department stores and franchise stores. Why And 1/2 sells their private label for children apparel that includes parent-child attire and accessories. The famous pattern of Why And 1/2 is pop bear.
Strengths:•Local brand•Good shopping environment•Various styles•Clothes are in full specifications and of bright colors•Alluring advertisements
Weaknesses:•Employees do not have to have fashion background to assist
customers
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Les Enphants
Est: 1971Price range: $15 - $80
Company Overview:Les Enphants was establ ished in 1971. They have other distributions all over Asia, Taiwan, Indonesia, Thailand and China. They sell a lot of different merchandise in stores that include apparel, shoes and supplies.
Strengths:•Quality is proportional to price•The size of company gives the monetary advent on marketing•Varieties choices on brands•Good customer service
Weaknesses:•Employees do not have to have fashion background to assist
customers•The store offers more international brands than local brands has
negative impact due to the lack awareness of the international
brands
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Chick
Est: 1974Price range: $15 - $70
Company Overview:Chick was established in 1974, and it is baby clothings store. Thay develop a wide range of poducts for children and maternity. Chick focus on baby wear and goods, and they also have private labels and import other brands.
Strengths:•Brand awareness is high•Good quality•Customer loyalty degree is high•The size of company gives the monetary advent on marketing
Weaknesses:•The age for apparel is only 0~3 years old•Employees do not have to have fashion background to assist
customers
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•Indirect Competi tors
Love World
Est: 1975Price range: $15 - $70
Company Overview:Love World is Taiwan original brand, and it was founded in 1975. It has a wide range of merchandise for children from newborn to 12 years old and focuses on children's wear. They operate in private label and import overseas wholesale brands.
Strengths:•Promotional events on every month•Varieties choices on brands•The size of company gives the monetary advent on marketing
Weaknesses:•Employees do not have to have fashion background to assist
customers•Quality is lower
•Less seasonal clothing types
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Best pals
Est: 1999Price range: $15 - $70
Company Overview: Best Pals was founded in 1999. Best Pals has unique and diverse selection on children's clothing. The store has multi-brands that include Western and casual style brands that make parents choose what they want.
Strengths:•Variety of choices on brands•The size of company gives the monetary advent on marketing
Weaknesses:•Employee does not have to have fashion background to assist
customers
•Lower quality on apparel
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4.2 Competi t ive Analysis Chart
Founded Number of
S tores in
Kaohsiung
Pr ice
Range
Strengths Weaknesses
Why And 1/2 1979 3 Boutiques
4 Departments
$15 - $80 • Local brand
• Good shopping environment
• Various styles
• Clothes are in full specifications and of
Bright colors
• Alluring advertisements
• Employee does not have to have
fashion background to assist
customers
Les Enphants 1971 13 Boutiques
8 Departments
$15 - $80 • Quality is proportional to price
• The size of company gives the
monetary advent on marketing
• Varieties choices on brands
• Good customer service
• Employee does not have to have
fashion background to assist
customers
• The store offer more international
brands than local brands has
negative impact due to the lack
awareness of the international brands
Chick 1974 7 Departments $15 - $70 • Brand awareness is high
• Good quality
• Customer loyalty degree is high
• The size of company gives the
monetary advent on marketing
• Apparel’s age is only 0~3 years old
• Employee does not have to have
fashion background to assist
customers
Love World 1975 7 Boutiques $15 - $70 • Promotional events on every month
• Varieties choices on brands
• The size of company gives the
monetary advent on marketing
• Employee does not have to have
fashion background to assist
customers
• Quality is lower
• Less seasonal clothing types
Best Pals 1999 1 Department $15 - $70 • Varieties choices on brands
• The size of company gives the
monetary advent on marketing
• Employee does not have to have
fashion background to assist
customers
• Lower quality on apparel
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05Competi t ive Strategy
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5.1 SWOT Analysis
Strengths Weakness • First organic lifestyle store in Taiwan
• Reasonable price for the high quality
merchandise
• High-quality customer service
• High-quality apparel and furniture
• Diverse choices of product
• In-store events
• Unique interior design
• Holding unique promotions
• Limited inventory
• No online store
• Longer Lead time
• The types of apparel are not suitable
for formal occasions
• Not an well known brands
Opportuni t ies Threats • Creating a new lifestyle trend of
children in Taiwan
• Have a large group of potential
customers to open more locations
• Variety of new brands expand new
products
• Department stores sell various
products
• The price competitions is fierce in
Kaohsiung, Taiwan
• Children population becomes lower for
these years
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5.2 Competi t ive Advantage
The competitive advantage of Highlight is that we promise we provide high integrity, service and quality. - We commit to the customers relationships. We provide customers with products and services, to the best
product and quality assurance in mind. We have the fast prompt customer service because we always put our customers first. Also, we have a special service which is no matter how much our customers spend in the store, we provide free shipping and free return service within Taiwan.
- We commit to our products selected different countries vendors because of quality, eco-friendliness and prestige. If customers have any questions about the quality, we will also take responsibility for that to the end.
- We commit to choosing organic cotton for cleaner, eco-friendly clothing. Organic cotton provides superior softness and quality, which is wonderful for baby's tender skin making it a great choice for customers and an important choice for our environment.
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5.3 Posi t ioning
The positioning is separated with quality and price. However, the positioning of Highlight belongs to high quality and mid-high price when it is compared with other competitors. WHY And 1/2 and Les Enphants are similar with Highlight. However, the direct competitors are may very widely depending on the type of style and quality.
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5.4 Value and Dif ferent iat ions
Our beliefs and ideals include natural, non-toxic and comfortable clothing and furniture. In terms of apparel, all of them are made of organic cotton, especially children’s garments. We have 100% internationally certified of organic cotton, so the garments do not irritate skin. Nowadays, service has been increasingly recognized as a critical factor for any business. Therefore, if customers have any questions, we also have after-sales service. We are eager to solve the problems from customers. In order to make parents feel easy to shop at store, we provide different coloring books with non-toxic crayons for children. They can enjoy drawing and waiting for
their parents.
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06Target Customers
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6.1 Primary Customers
Highlight’s primary customers are 25-34 years old parents who live in Kaohsiung of Taiwan. The families often have double-salaries, so they can support the household spending. Although they are busy at work, they still enjoy their life.
Demographics-25 to 34 years old parents who have children between 0-5 years old-Middle to high level. The annual income USD 15,000 – 25,000-Graduated from Graduate school / University-Live in Urban districts-Family Size: Nuclear family-Occupation: Office staff
Geographics- Taiwan, especially south of Taiwan- Kaohsiung is the second metropolitan area
Psychographics- Leisure activities- Focus on quality of life- Do not have much time to go shopping- Set the trend- Loyal consumers
Li festyle and Behaviors- Looks for non-brand names- Admired for strong aesthetic taste level- It is a devotee of popular culture
Preferences and Media/Brand Associat ions- Brand loyalty- Heavy computer user
- Up-to-date with the latest technology
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6.2 Secondary Customers
The Secondary customers of Highlight are 35-44 years old parents. The income level is little lower than primary customers. They pay more and more attention on the education of children and want to give their children the better quality life.
Demographics- 35 to 44 years old parents who have children between 0-3 years old- Middle to high level. The annual income USD 25,000 – 35,000- Graduated from University- Live in Urban or Suburban districts- Family Size: Nuclear family- Occupation: Office staff
Geographics- Taiwan, especially south of Taiwan- Kaohsiung is the second metropolitan area
Psychographics- Follow the trend- Frequent travelers- Focus on quality of life - Focus on a specific type of merchandise
Li festyle and Behaviors- Adventurous in trying trends from the norm- Interest to foreign brands
Preferences and Media/Brand associat ions- Social media savvy such as Facebook and Instagram
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6.3 Tert iary Customers
Highlight’s tertiary customers are 55-65 years old grandparents. Some of them are grandparents. They spend substantial amounts on goods and services for themselves, as well as for their grandchildren.
Demographics- 55 to 65 years old grandparents who want to buy children’s apparel for between 0-3 years old- Middle to high level. The annual income USD 25,000 – 50,000- Graduated from University- Live in Urban or Suburban districts- Family Size: Stem family- Occupation: Retiree
- Taiwan, especially south of Taiwan- Kaohsiung is the second metropolitan area
- Enjoys sharing experience and accept ant good comments- Enjoys placing activities and has positive life attitude- Emphasis on family atmosphere
Li festyle and Behaviors- Loves the great bargain- Likes to go a specific store
- Do not use social media
- Like the traditional way of publicity
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6.4 Personas
Primary Target Market
Name: Emily Chou Age: 27Educat ion: Nat ional Sun Yat-Sen Universi ty Depar tment of Business AdministrationOccupation: Rise Global Trades Co., Ltd.: ManagerMarriage: 3 yearsChildren: 2 year old girl
Emily is focused on quality of li fe, and she likes unique and special merchandise of stores especially fashion and modern art. Emily normally spends around $700 ~ $1200/month on personal shopping including for her kid. She loves to visit a good quality small boutiques and department stores for her children which is located in Zuoying district. Also, Emily She loves to hang out with her family and friends and uses social media including Facebook
and Instagram to update her status.
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Secondary Target Market
Name: Emma ChangAge: 36Education: Fu Jen Catholic University Department of Textile and ClothingOccupation: Well Mart Merit Co., Ltd.: Marketing managerMarriage: 5 yearsChildren: 4 year old girl
Emma loves fashion, so she always follows the trend. She enjoys foreign culture such as movies, music and food. In cost of living, she spends around $600 ~ $1000/month on personal shopping. When she goes shopping, she expects a clean and comfortable shopping environment. Also, She loves to visit international brands for her children such as Ralph Lauren, Tommy Hilf iger. Emma is good at using digital products, and she likes to use Internet to search the newest information. In her free time, She loves to visit museums and exhibitions in Kaohsiung Museum of Fine Art with
her family. Having her family around means happiness to her.
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Tert iary Target Market
Name: Jean ShenAge: 60Education: Shih Chien University Department of Finance and BankingOccupation: Bank of Taiwan (Retired)Marriage: 38 yearsChildren: 30 year old daughter and 27 year old son
Jean is a traditional Taiwanese woman who attaches importance to her family. Recently, she started dabbling in the stock market. She knows a great deal about the snares and pitfalls of playing the stock and is determined to proceed warily. In her shopping behaviors, Jean spends around $500 ~ $1000/month on personal shopping. She likes to shop at department stores because she likes the good quality goods. She dotes on her grandson, so she likes to visit the children’s stores which are close to her home. She has to watch TV before she goes to sleep. She likes to watch health and financial TV show. She places great emphasis on the importance of family life and times. Therefore, she has a family trip three times within two months.
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07Product Plan
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7.1 Sourcing and Plan
Sisso
Sisso’s brand designer, Ms. Greer Chon, a fashion designer, encountered her life’s changing point when she was pregnant. The birth of baby inspired her to reconsider the importance of the material. In order to give her baby the most natural protection, she plunged into the world of Organic Cotton and started designing baby clothes and accessories with the Organic Cotton. Sisso was founded in 2010 in Taiwan. They offer apparel from 0-3 year old
boys and girls. Price range is $15 to $70.
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Mini Rodini
Mini Rodini is a Swedish children’s wear brand that was founded in 2005 by illustrator Cassandra Rhodin as a tribute to all children, their imagination and sense that everything is possible. Mini Rodini takes children seriously with playfulness, meaning it is important that children too have clothes that match their own personality, mood and creativity. Mini Rodini’s vision has always been to make it both easy and exciting for parents to buy better products for their kids in regards to the design as well as environmental and ethical aspects of the production. And while the playful and humorous aesthetics may speak directly to the children, the quality of the products is equally important. They offer apparel from 0-11 year
old boys and girls. Price range is $40 to $150.
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Koolabah
Koolabah is a Swedish design concept that creates fashion in unisex for small trendsetters from 3 months to 6 years and price range is $30 to $100.
They want the clothes to be nice to look at with its minimalist design and unique shapes, but at the same time they strongly focus on functionality and ergonomics. Inspiration is drawn from the Scandinavian and the Japanese culture and elements from the 80's are a recurring theme in the all collections. All the garments
are made from 100% organic materials.
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Kate Quinn
Kate Quinn is the U.S.A children’s wear brand that was founded in 2006. Their designs highlight the baby's natural beauty with simple, elegant lines and fresh, nature-inspired colors. Clothes are available in soothing basic colors, like Vanilla Bean and Chocolate, on their own or uniquely mixed with contrast ing fun, vibrant shades like Dragonfly blue and Pomegranate red. Designed by Kate Quinn, former Hollywood Stylist, and certified organic from seed to packaging. Their apparel was created to be both fashionable and environmentally friendly. They offer apparel
from 0-4 year old boys and girls. Price range is $25 to $100.
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Winter Water Factory
W in te r Wa te r Fac to r y is a B rook lyn based des ign and manufacturing company specializing in screen printed textiles and organic cotton clothing from 3 months to 6 years old, and the price range is from $14 to $58. The company is the brainchild of Stefanie Lynen and Todd Warnock. Fresh, bold and beautiful prints are the signature of Winter Water Factory. Every item is crafted from 100% certified organic cotton and is made in the USA from the fabric to the final stitch. They believe in creating high quality products for healthy planet.
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GoatMilk
GoatMilk is the U.S. children’s apparel. The basic, simple and classic with a modern twist are their features. These are the fundamental principles behind the brand Goatmilk. Co-founders, Tania Vargas and Roland Bello, both children of immigrants, grew up conservationists. Meaning that they learned at a very early age how to re-use and re-purpose, how not to be wasteful, and that in general less is more. Tania and Roland stated, “There are many things we cannot control, but when we can, we try to choose what’s best for the planet we live on. It’s the way we live.” They have stayed true to this philosophy with the creation of GoatMilk. They offer apparel from 0-5 year old boys and girls. Price range is
$15 to $52.
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Purebaby
Purebaby is an Australian owned fashion label creating unique, organic clothing for babies and children. Established in 2002, Purebaby was born out of a desire for beautiful and simple products made with awareness and care. Always inspired by the beauty in nature, each Purebaby piece is soft and comfortable beautifully designed beautifully organic. They offer apparel from
0-4 year old boys and girls. Price range is $30 to $90.
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Flexa
Founded in Denmark in 1972, FLEXA specializes in design, manufacturing and sales of Scandinavian interior solutions for Kids. All FLEXA products are designed to create a safe and stimulating environment which adapts, grows and transforms to meet children's ongoing developmental needs. They use their knowledge of children to create the world best functional, playful and sustainable room solutions at affordable prices. Price range is
$83 to $210.
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The Land of Nod
The Land of Nod is the U.S.A children’s furniture brand that was founded in 1996. Price range is $69 to $299. Their exclusive selection of kids and baby furnishings has expanded to include toys, room décor, storage and baby gear. Basically, everything for before, during and after naptime, with a focus on design for kids and people that used to be kids. They believe every product they create has a soul. This soul comes from the story behind the item, and boy are there stories. Stories of real people, themselves moms, dads, aunts and uncles, lovingly creating products for your family that are always safe, always high quality, and often just
downright hilarious.
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Brands Founded Contact Categories Whole Sale Range Retail Price Range Minimum Order Lead Time Age Range Store Location BusinessSisso 2010 2F., No.614, Zhongmei St., West Dist., Tops $7 - $35 $15 - $70 $1,000 1-2 month 0 - 12m Taipei Store/Online
Taiwan Taichung City 403, Taiwan (R.O.C.) Bottoms 1- 3y Taichung886.4232.65279 [email protected] Accessories
Gifts
Mini Rodini 2005 Klippgatan 11, Stockholm, Sweden Tops $17 - $50 $40 - $150 $1,000 3-4 month 1 - 4m Sweden Store/OnlineSweden 468.641.7788 Bottoms 4 - 9m
[email protected] Bodysuits 9m [email protected] Accessories 1.5 - 3y
Gifts 3 - 5y
Koolabah 2009 Brogatan 1 413 01 Göteborg Sweden Tops $15 - $50 $ 30 - $100 $1,000 3-4 month 18 - 24m Sweden Store/OnlineSweden +46 7 0828-1477 Bottoms 2 - 5y Europe
koolabah@Koolabah.com Bodysuits [email protected] Accessories Russia
Gifts South Korea TaiwanUSA
Kate Quinn 2006 4F., No.9, Sec. 3, Kangning Rd., Neihu Dist., Tops $12- $50 $25 - $100 $1,500 2-3 month 0 - 12m U.S.A Store/OnlineU.S.A Taipei City 114, Taiwan (R.O.C.) Bottoms 1 - 4y
886 2263 42860 [email protected] Accessories
Gifts
Winter Water Factory 2003 110 E. 9th Street #A691 Tops $7 - $29 $14 -$58 $1,200 2-3 month 0 - 12m U.S.A Store/OnlineU.S.A Los Angeles, CA 90079 Bottoms 1- 3y Canada
213-627-9586 Bodysuits [email protected] Accessories Germany [email protected] U.K
Goat Milk 2010 523 East 12th Street Tops $7.5 - $26 $15 - $52 No 2-3 month 1 - 4m U.S.A Store/OnlineU.S.A New York, NY 10009 Bottoms 4 - 9m Canada
212-500-1437 Bodysuits 9m -1.5y [email protected] Accessories 1.5 - 3y Austria
Gifts 3 - 5y FranceItaltyThe NetherlandsSwedenSwitzerlandTaiwanJapanHong KongSouth Korera
Purebaby 2002 135 Cromwell St Collingwood VIC,3066 Tops $15- $45 $30-$90 $1,000 2-3 month 0-12 m Austrialia Store/OnlineAustralia 613.9417.5344 Bottoms 1-4 y
[email protected] BodysuitsAccessoriesGifts
Flexa 1972 4F, 5, Alley 10, Lane 62, Chih Cheng Rd. Beds $40 - $105 $83 - $210 $2,000 2-3 month U.S.A StoreDenmark Shihlin DistrictI, Taipei City, Taiwan (R.O.C.) Play U.K
886 2283 67567 Baby [email protected] Storage France
Textiles GermanyBed parts TaiwanTables & Chairs 40 CountriesMattresses
The Land of Nod 1996 8135 River Drive, Morton Grove, IL 60053 Furniture $35 - $150 $69 - $299 $2,500 2-3 month U.S.A Store/OnlineU.S.A 800.933.9904 Bedding
[email protected] StorageRugsLightingDécorToy&Gift
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7.2 Proport ion of Merchandise
Flexa, 46%
The Land of Nod, 54%
Sisso, 13%
Mini Rodini, 7%
Koolabah, 10%
Kate Quinn, 23%
Winter Water Factory, 15%
Goat Milk, 12%
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Sisso
SKU S910310 S831203 S930725 S820204-2A S820204-2AMaterial 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $30.00 $25.00 $45.00 $37.00 $37.00Wholesale Price $15.00 $12.50 $22.50 $18.50 $18.50
Mini Rodoni
SKU SP1415ALS78 SP1415ALS80 SP1415ALS85 SP1415AL905 SP1415AL915Material 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $48.00 $43.00 $37.00 $75.00 $84.00Wholesale Price $24.00 $21.50 $18.50 $37.50 $42.00
Koolabah
SKU AW1415CLB03 AW1415CLB01 AW1415CLP11 AW1415CLT02 SP1415ALS30Material 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $40.00 $44.00 $66.00 $37.00 $82.00Wholesale Price $20.00 $22.00 $33.00 $18.50 $41.00
Kate Quinn
SKU K4E003EL K3E218SL K4S459FO K3E310TS K3E520TSMaterial 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $22.00 $34.00 $32.00 $26.00 $26.00Wholesale Price $11.00 $17.00 $16.00 $13.00 $13.00
Item
Item
Core Assortment
Item
Item
7.3 Categories
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Winter Water Factory
SKU B4723 B1093 B7723 B1923 B2381Material 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $44.00 $38.00 $58.00 $52.00 $24.00Wholesale Price $22.00 $19.00 $29.00 $26.00 $12.00
Goat Milk
SKU GM042 GM049 GM051 GM046 GM016Material 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $26.00 $38.00 $40.00 $32.00 $26.00Wholesale Price $13.00 $16.00 $20.00 $16.00 $13.00
PureBaby
SKU PN1003S14 PN1004S15 PN1000S33 PA1006S16 PN1006S14Material 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic Cotton 100% Organic CottonRetail Price $44.00 $25.00 $24.00 $17.00 $48.00Wholesale Price $22.00 $12.50 $12.00 $8.50 $24.00
Flexa
SKU 82-50103-40 82-10047-40 82-10048-40 82-70087-79Material MDF and ash wood MDF and ash wood MDF MDFRetail Price $99.00 $59.00 $148.00 $88.00Wholesale Price $49.50 $29.50 $74.00 $44.00
The Land of Nod
SKU 262846 524689 263486 255319 302623Material Solid teak/Solid mahoganySolid sustainable rubberwoodSolid mahogany/Solid teakSolid sustainable rubberwoodCanvas Retail Price $399.00 $149.00 $99.00 $69.00 $24.95Wholesale Price $199.50 $74.50 $49.50 $34.50 $12.48
Item
Item
Item
Item
Item
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7.4 Buying Plan
• Trade Shows
Name Where When Websi te
PlayTime New York /Paris/Tokyo New York: Aug 1-3, 2015
Paris: Jul 4-6, 2016
Tokyo: Aug 25- 27, 2016
http://www.playtimenewyork.com/trends-events/
Children’s Club New York Aug 2-4, 2015 http://www.enkshows.com/childrensclub/
Baby Products Fair Hong Kong Jan 11-14, 2016 http://www.hktdc.com/fair/hkbabyfair-en/HKTDC-Hon
g-Kong-Baby-Products-Fair.html
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• Calendar
Order Del ivery
January February March Apri l May June July August September October November December
Sisso F/W Order F/W Delivery
S/S Delivery S/S Order
Mini Rodini F/W Order F/W Delivery
S/S Delivery S/S Order
Koolabah F/W Order F/W Delivery
S/S Delivery S/S Order
Kate Quinn F/W Order F/W Delivery
S/S Delivery S/S Order
Winter Water
Factory
F/W Order F/W Delivery
S/S Delivery S/S Order
Goat Mi lk F/W Order F/W Delivery
S/S Delivery S/S Order
Purebaby
F/W Order F/W Delivery
S/S Delivery S/S Order
Flexa F/W Order F/W Delivery
S/S Delivery S/S Order
The Land of
Nod
F/W Order F/W Delivery
S/S Delivery S/S Order
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08Market ing Plan
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8.1 Market ing Object ives
(1) Obtain at least 300 new customers per month.
(2) Highlight is going to build brand awareness and attract
potential customers.
(3) Coordinate the development of a new ad campaign with advertising agency with goal of increasing brand recognition by 2017.
(4) Increase market share for children’s product to all southern of Taiwan by 2017.
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8.2 Market ing Strategy
Grand opening eventThe grand opening event will be held on Saturday , February 27th, 2pm to 5pm. We will invite magazine’s journalists, bloggers and customers. They will report and share the opening ceremony. We also engage photographer to record event. At the grand opening, we will serve refreshments, such as snacks or appetizers for our guests. Highlight offer discounts and special pricing during the grand opening. When customers attend the event, they will have $10
gift card and have 10% discount on all merchandise.
• Invitation cards• Facebook
• Direct mail
• Market ing Campaigns
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VIP Store Event-runwayWe need to increase our visibility, so we will hold the event-runway during holiday season such as Halloween and X’mas. We will also invite bloggers to join us, and we also provide feature wall for our customers to take photos in front it. They will share the event on
their fan pages. It is an excellent opportunity to publicize our brand.
• Facebook• Instagram• Email
• Line
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Seasonal sales
We will have seasonal markdown sale for the holiday such as Chinese New Year, Mother’s Day, Father’s Day and Christmas. Each promotional sale will last two weeks. It will
offer 10% discount on all merchandise.
• Facebook• Email• Line• Search Engine• Magazines
• Official Website
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Cooperat ion wi th bloggers
Highlight cooperates with bloggers who have 0 to 5 years old children.
Grace is a blogger who has over 980,000 flowers on Facebook. She always shares her style and daily life and has attracted many people to follow her. Her daughter Toby will wear our apparel and share the feedback on Facebook.
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The twins Chelsea & Jesper have over 240,000 followers on Facebook. Their Mom always share their daily life and apparel. Therefore, we sponsor them with our merchandise, and they will
introduce these merchandise to their followers.
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Lifet ime membership
Loyalty program improves customer retention and spending, so we provide accumulative cards when customers spend over $250 at store. They reach 10 points and they can earn the lifetime membership. We will offer special discount of 10%
on all merchandise.
• Facebook• Instagram• Official Website• Email
• Line
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Social Responsibi l i ty
Taiwan Fund for Children and Families(T.F.C.F) was found in 1950. TFCF is a non-governmental organization that dedicates itself to award needy children and their families with welfare and benefits. With their professional social work experience, they prevent children away from being abused, and even provide the financial assistance to the needy children and families. They insist to assist their supported needy children with a timely assistance, heartfelt concerns, Christ’s love and professional social works. Highlight care more about children because they are our precious gifts.
Therefore, we will donate 5% monthly of net sales to support them.
• Facebook• Instagram
• Line
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Highl ight adver t ises our new sales, promot ions and store events through email, and our customers can receive the latest information. Before we can start an email marketing campaign, we need to access our best customers' email addresses. Asking for email addresses in a polite and respectful way will make our customers look forward to our email newsletters or promotions. The other way to collect email addresses from our customers is
through comment cards and response cards.
• Market ing Channels
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Off icial Website
The Highlight website will has online shopping for our customers wi thin Taiwan. We provide free shipping and re turn when customers buy our merchandise online. On the website, we also
show sales promotions and special events information.
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Facebook fan page
Social network also takes up a lot of time, and Internet users are happy to get stuck in. This leads to the use of platforms becoming second-nature, forming habits that influence their lives, both on and offline. Social media has helped us stay engaged with our customers. Therefore, Facebook will be used for spreading our information on sales promotions and special events. We also hope to get feedback from our customers, so we can improve it.
There are 15 millions people in Taiwan use Facebook every month.
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Instagram is another popular social networking tool in Taiwan. We will post our newest merchandise on it every week. We will use hashtags such as #highlight #childrenswear #fashionchildren
which is a way to link our pictures.
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Line
Line is an ins tant messaging app which can send mass messages to all customers. We can create messages from the smartphone app or the PC admin page and batch send them to customers who have friended with our account. Messages can be reserved for sending in advance, providing us with the flexibility needed to time messages to campaigns and events. It is the ultimate tool to promote your businesses and events. Close the distance by becoming “friends” with our customers.
There are over 17 millions people in Taiwan use Line everyday.
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Magazines
親子天下 Baby(Commonwealth Parenting baby Special Issue):
It provides parents who have 0-6 years old children the most practical education and care knowledge and also includes lifestyle information.
嬰兒與母親 (Baby & Mommy):It is a book to pregnancy, perinatal health care and 0 - 6 years old baby feeding, nutrition, disease prevention, psychological nursing, education as the main content of the popular science magazine of mother and infant.
At the beginning of Highlight, it needs to build brand awareness. We will place our Ads on two most popular magazines. The message that we will put on Ads is that……
“ Wish Granted Fashion For Our Babies”
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Direct Mail
Direct mail is the most common form of direct market ing. Therefore, the invitation cards will use direct mail to send to our new customers. We will send 1000 direct mails to Gushan district and Sanmin district which are near Zuoying district. The address will collect from post office and the recipients that we will depend on their marital status and salary.
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Search Engines
Yahoo and Goog le a re mos t p o p u l a r s e a r c h e n g i n e s i n Taiwan. Search adver t isements are targeted to match keywords entered on search engines. In order to create Highlight’s brand awareness, we wil l use banner to spread our b rand qu ick ly. There fore, e f fec t i ve keywords can help increase your website’s re levance and i ts rank ing on search engine results pages. The keywords include baby clothing, kid apparel, organic and children
furniture.
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8.3 Market ing Calendar
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec JanEvent (Grand Opening)Store Event-Runway show (Chinese New Year,Mother;s Day, Father's Day, Halloween, X'mas)Seasonal SalesCooperation with bloggers (Grace)Cooperation with bloggers (Chelsea & Jesper)Lifetime MembershipSocial Responsibility
EmailOfficial WebsiteFacebook Fan PageInstagramLineMagazine Print ADS (嬰兒與母親)Magazine Print ADS (親子天下baby雜誌)Direct MailTo buy Yahoo bannerTo buy Google banner
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Jul Aug Sep Oct Nov Dec Jan Total2,000$
$1,200 2,400$ $1,200 2,400$
$50 $50 $50 $50 250$ $1,700 $1,700 6,800$
$1,200 $1,200 4,800$ $120 $1,800 $120 $120 $120 $120 $120 3,120$
$1,000 $1,000 $1,000 5,000$ $1,200 $1,200 $1,200 7,200$
$1,200 $1,200 $1,200 $1,200 7,200$ 30$ -$ -$
1,370$ 6,900$ 3,770$ 2,320$ 3,070$ 3,520$ 1,370$ 41,200$
Feb Mar Apr May JunEvent (Grand Opening) $2,000Magazine Print ADS (嬰兒與母親) $1,200Magazine Print ADS (親子天下baby雜誌) $1,200Email $50Cooperation with bloggers(Grace) $1,700 $1,700Cooperation with bloggers(Chelsea & Jesper) $1,200 $1,200Official Website $120 $120 $120 $120 $120Store Event-Runway Show (Chinese New Year,Mother;s Day, Father's Day, Halloween, X'mas)$1,000 $1,000To Buy Yahoo Banner $1,200 $1,200 $1,200To Buy Google Banner $1,200 $1,200Direct Mail $30
Total 7,250$ 3,720$ 1,370$ 4,020$ 2,520$
128
129
09Branding
130
131
9.1 Brand Ident i ty
132
9.2 Business Card
133
9.3 Let terhead and Envelope
134
9.4 Shopping Bag and Gif t Box
Thicker paper bag Canvas bag Gif t BoxSize: 11 ½ x 8 ½ x1 5/8” / 19x12x3”
135
9.5 Price Tag, Stamp and Window Signage
Price Tag Stamp Window Signage
136
137
10Visual Merchandising
138
10.1 Floor Plan
700 sq.f t .
139
140
10.2 Wall Display
141
10.3 Window Display
142
10.4 Storefront
143
144
145
11Operat ional Plan
146
11.1 Organizat ion Chart
11.2 Ownership Detai ls
Highlight is a private business and it owned by I-Chun Chen. Highlight will hire 3 full-time and 1 part-time employees to help operate the store.
147
11.3 Employees Responsibi l i t ies and Benefi ts
CEO & Store Owner
- Attend trade shows - Trend analysis and trend forecasting - Analyze and review past and present monthly sales, inventory,
and open to buy reports - Develop and execute the store’s merchandise assortment plan
- Coordinate and plan timing of deliveries with vendors
- Develop a calendar and plan for v isual merchandising;
communicate to Store Manager - Develop a social media strategy and plan - Train and communicate information about product knowledge to
entire team
General Manager
- Create genuine connections with customers by asking questions,
listening to their needs, and offering suggestions
- Manages the implementat ion and execut ion of al l s tore
operations- Evaluates store sales performance daily using key performance
indicators- Executes the visual merchandising plan as directed from CEO
- Manages and implement social media and marketing plan on
all platforms- Analyze and track and increase social media following
- Assist in planning store events and promotions
- Supervises the Sales Associates; t rack sales associates
performance and development- Reports to the CEO
Sale Person
- Assist in opening and closing housekeeping routines- Maintain visual presentations by restocking and merchandising- Process new arrivals efficiently (tag, steam, hang)- Be knowledgeable of merchandise to communicate it to the
customer- Assist in social media posts (Facebook, Instagram)- Responsible for contributing to store sales goals- Responsible for obtaining customers contact information and
email into POS system- Reports to the Store manager and CEO
Part- t ime Sale Assistant
- Process new arrivals efficiently (tag, steam, hang)- Be knowledgeable of merchandise to communicate it to the
customer- Assist in social media posts (Facebook, Instagram)- Responsible for contributing to store sales goals
- Reports to the Store manager and sale persons
148
149
11.4 Location and Hours of Operat ion
Hours
- 11:00am – 9:00pm- Open 360 days a year. Closed during Chinese New Year (5 days).
Location
- No.58, Liwen Rd., Zuoying Dist., Kaohsiung City 813, Taiwan (R.O.C)
Rent
- 700 sq.ft- $ 930/Month
Return & Exchange Pol icy
- I f you are not happy wi th any product, we wil l gladly accept any reasonable request for exchange or return for store credit within 7 days from the date of purchase.
- Clearance items are final sale. No returns or exchanges are accepted on
clearance merchandise.
150
151
12Financial Plan
152
12.1 Financial Plan Summary
Start Up Cost Forecast
Highlight’s start up cost is $145,706.14 and this money will be obtained via banks and other investors. 30% of the startup cost will come from banks at 3.6% of interest rate annually, and 70% will come from private investors. The startup cost will be used for our business expenses that will include technology and phones, fixtures, leasehold improvements, rent deposit, salaries, marketing startup, opening inventory, other start up expenses, contingency reserve and working capital.
The store rental cost for the first month will be $ 2,790, and that includes a three-month rent deposit. Therefore, each month's rent will be $ 930.
We estimate our first year sales will reach $493,648, which will be powered by our marketing plan. The plan includes an informational website, e-mail, social networks, magazines, store events, cooperation with bloggers and search engines ads that can both generate additional revenue and increase brand-awareness. We also plan to attend trade shows to get the newest information,
trends and negotiate the best pricing and terms.
Market ing Expenses
First Year Total Cost: $ 41,220Event: $ 2,000Magazine Print Ads: $ 4,800Email: $ 300Cooperation With Bloggers: $ 11,600Official Website: $ 3,120Store Event-Runway Show: $ 5,000Search Engine Banner: $ 14,200
Direct Mails: $30
153
Prof i t And Loss Forecast
Our expected profit in the first year is 10.7% of the total net sale ($493,648)The estimated gross margin is 44.3%, and the estimated total expense is 33.1%
There will be 4 workers in Highlight, including a CEO, Store manager, two sales people and a par t- t ime assistant. The following list shows each position’s annual salary:
CEO: $ 30,000Store Manager: $16,900Sales Person: $ 12,000
Part-time Assistant: $ 4,800
Cash Flow Forecast
Our expected start up loan is $145,736 and our cash flow will be $78,702 at the end of the first year.
Expected Turnover Rate
First year: 4.01 Second year: 4.63 Third year: 5.77
Sales Forecast
Our first year annual sales estimate is $493,648. The second year annual sales estimate will grow 5% and reach $518,330. The third year annual sales estimate will continue to grow to 5% and reach $544,247. We will carry more different brands and we will hold the promotional activity to sell quantity with the increment product.
154
Average Customer Transact ion
$41.38 (1 unit per transaction)Apparel: $37.99 (1 unit per transaction)Furniture: $118.92 (1 unit per transaction)
Annual Sales In First Year
Highlight’s first year sales estimate is $493,648.Average price of an item: $41.38Average units per transaction: 2Average customers transaction: $41.38 x 2 = $ 82.76Expected traffic of Highlight: 55 traffic per dayExpected customers: 30%Buying customer per day 55 x 30% =16.516.5 customers x $82.76 = $1,371.24 sales per day
$1,371.24x 360 days= $493,648
Average I tem Price
Highlight plans a total sale of 11,930 units for the f irst year in business, and the total cost of goods of USD$ $255,617.78 with a 48.6% markup.
Highlight’s merchandise categories include one-piece items, tops, bottom, outerwear, accessories and furniture. Apparel is the largest category, which will be 95% of merchandise and the furniture will be 5%. Duty rates in Taiwan vary from 0% to 30%, with the average duty rate at 6.52%. The duty of apparel is 12%.
Based on our f irst year sales forecast, total sales $493,648 ÷ 11,930 units = $ $41.38. In term of apparel, The average price point is $434,190 ÷ 11,430 units= $ $37.99. The average price
point of furniture is $59,458 ÷ 500 units = $ $118.92.
155
11.2 Future Growth Goal
After 2-3 years of steady business, we will grow our business, so we will hire more employees, launch more collections and lines and have an online store to expand our market. Business growth is critical to our store's success. Therefore, a successful business regularly reviews its business plan to ensure it continues to meet its needs. It 's sensible to review current performance on a regular basis and identify the most likely strategies for growth. We will open an online store during the third year. In 5 years, if our revenues permit, we plan to open the second retail store in Tainan city because Tainan city is also the big city in south of Taiwan. Tainan city is an ideal second location because it near Kaohsiung city, and it will be easier to manage operationally.
156
157
11.3 Financial Sheet
Startup Capital Spending Plan & Monthly Depreciat ion Expense
Startup Capital Spending Planand
Monthly Depreciation Expense
Item Detail $ Amount Depreciate ?# Months ofUseful Life
MonthlyDepreciation
Expense
Technology and PhonesCash Register, Fax/Copier, Printer, PC,
Phones,Software 1,350.00$ Yes 60 22.50$
Selling Floor and Backstock FixturesFloor Fixtures/Shelves, Display Tables, Jewelry
Cases 4,500.00$ Yes 60 75.00$
Leasehold Improvements (Material & Labor)Flooring, Paint, Electrical, Light Fixtures, Fitting
Rooms, Doors, Signage, Awning & Labor 25,000.00$ Yes 60 416.67$
Rent Deposit 3 Months Rent Deposit 2,790.00$ No n/a
Wages and Salaries 3 Months 18,600.00$ No n/a
Marketing Startup Initial Marketing Campaign 12,340.00$ No n/a
Opening Inventory Cost BOM$ Inventory 59,656.14$ No n/a
Other Start Up Expenses Permits, Insurance, Utility Deposits, Supplies 1,000.00$ No n/a
Contingency Reserve Extra Cash for Unforeseen Expenses and Repairs 2,500.00$ No n/a
Working CapitalCash Needed in first months to keep bank funds
positive 18,000.00$ No n/a
Total 145,736.14$ 514.17$
158
Assortment Plan
159
160
Sales and Inventory FlowSales and
Inventory FlowYear 1
year one GM% 44.3% shrink % 2.0%IMU% 48.6%year 2 growth 5.0%year 3 growth 5.0%
Jan-Yr0 Feb-Yr1 Mar-Yr1 Apr-Yr1 May-Yr1 Jun-Yr1 Jul-Yr Aug-Yr1 Sep-Yr1 Oct-Yr1 Nov-Yr1 Dec-Yr1 Jan-Yr1 Q1-Yr1 Q2-Yr1 Q3-Yr1 Q4-Yr1 Yr1 Total
BOM $115,951 $118,925 $118,925 $121,600 $121,679 $122,290 $120,226 $119,928 $128,197 $135,871 $135,138 $128,146 $115,951 $121,600 $120,226 $135,871
Net Sales $40,434 $37,759 $37,759 $43,407 $37,759 $40,434.3 $43,485.8 $38,369.9 $38,369.9 $43,188.5 $46,638.4 $46,043.8 $115,951 $121,600 $120,226 $135,871 $493,648COGS 22,234$ 20,609$ 20,378$ 24,951$ 20,378$ 21,882$ 24,863$ 21,472$ 21,510$ 23,250$ 26,919$ 26,516$ $63,222 $67,212 $67,845 $76,685 $274,963GM$ $18,200 $17,149 $17,380 $18,457 $17,380 $18,552 $18,623 $16,898 $16,860 $19,938 $19,720 $19,527 $52,730 $54,389 $52,381 $59,186 $218,685GM% 45.0% 45.4% 46.0% 42.5% 46.0% 45.9% 42.8% 44.0% 43.9% 46.2% 42.3% 42.4% 45.5% 44.7% 43.6% 43.6% 44.3%
MD$ 4,043.43$ 1,887.93$ 1,887.93$ 4,340.74$ 1,887.93$ 2,021.72$ 4,348.58$ 1,918.49$ 3,836.99$ 2,159.43$ 4,663.84$ 4,604.38$ $7,819 $8,250 $10,104 $11,428 $37,601MD% 10.0% 5.0% 5.0% 10.0% 5.0% 5.0% 10.0% 5.0% 10.0% 5.0% 10.0% 10.0% 6.7% 6.8% 8.4% 8.4% 7.6%
Purchases -Retail $115,951 $48,260 $40,402 $43,077 $48,695 $41,013 $41,200 $48,407 $49,324 $50,648 $45,479 $45,243 $45,172 $247,690 $130,908 $148,379 $135,894 $662,871Purchases -Cost $59,656 $27,307 $21,661 $23,166 $27,392 $22,755 $22,884 $25,784 $28,223 $28,752 $25,495 $24,135 $24,100 $131,790 $73,031 $82,758 $73,731 $361,310
Shrinkage $809 $755 $755 $868 $755 $809 $870 $767 $767 $864 $933 $921
EOM $115,951 $118,925 $118,925 $121,600 $121,679 $122,290 $120,226 $119,928 $128,197 $135,871 $135,138 $128,146 $121,749 $121,600 $120,226 $135,871 $121,749
Avg Stk $117,438 $118,925 $120,262 $121,639 $121,984 $121,258 $120,077 $124,063 $132,034 $135,505 $131,642 $124,948 $118,850 $121,449 $126,055 $130,226 $123,079Stk:Sls 2.9 3.1 3.1 2.8 3.2 3.0 2.8 3.1 3.3 3.1 2.9 2.8Turn 1.0 1.0 1.0 1.0 4.01
Feb-Yr2 Mar-Yr2 Apr-Yr2 May-Yr2 Jun-Yr2 Jul-Yr2 Aug-Yr2 Sep-Yr2 Oct-Yr2 Nov-Yr2 Dec-Yr2 Jan-Yr2 Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Yr2 Total
BOM $121,749 $102,082 $105,047 $106,452 $104,933 $108,260 $106,093 $103,251 $110,121 $118,491 $119,606 $113,739 $121,749 $106,452 $106,093 $118,491
Net Sales $42,456 $39,646 $39,646 $45,578 $39,646 $42,456 $45,660 $40,288 $40,288 $45,348 $48,970 $48,346 $121,749 $127,680 $126,237 $142,664 $518,330COGS 24,028$ 21,418$ 21,418$ 25,794$ 21,418$ 22,935$ 25,841$ 21,764$ 22,801$ 24,498$ 27,714$ 27,361$ $66,863 $70,148 $70,406 $79,573 $286,990GM$ $18,428 $18,229 $18,229 $19,783 $18,229 $19,521 $19,819 $18,524 $17,487 $20,850 $21,256 $20,985 $54,886 $57,533 $55,831 $63,091 $231,340GM% 43.4% 46.0% 46.0% 43.4% 46.0% 46.0% 43.4% 46.0% 43.4% 46.0% 43.4% 43.4% 45.1% 45.1% 44.2% 44.2% 44.6%
MD$ 4,245.60$ 1,982.32$ 1,982.32$ 4,557.78$ 1,982.32$ 2,122.80$ 4,566.01$ 2,014.42$ 4,028.83$ 2,267.40$ 4,897.03$ 4,834.60$ $8,210 $8,663 $10,609 $11,999 $39,481MD% 10.0% 5.0% 5.0% 10.0% 5.0% 5.0% 10.0% 5.0% 10.0% 5.0% 10.0% 10.0% $0 $0 8.4% 8.4% 7.6%
Purchases -Retail $27,884 $45,387 $43,827 $49,527 $45,749 $43,260 $48,297 $49,979 $53,493 $49,637 $48,980 $47,430 $117,098 $138,537 $151,769 $146,047 $553,452Purchases -Cost $13,538 $22,036 $21,278 $24,046 $22,212 $21,003 $23,449 $24,265 $25,971 $24,099 $23,780 $23,028 $56,852 $67,261 $73,685 $70,907 $268,705
Shrinkage $849 $793 $793 $912 $793 $849 $913 $806 $806 $907 $979 $967
EOM $102,082 $105,047 $106,452 $104,933 $108,260 $106,093 $103,251 $110,121 $118,491 $119,606 $113,739 $107,022 $106,452 $106,093 $118,491 $107,022
Avg Stk $111,915 $103,565 $105,750 $105,692 $106,596 $107,176 $104,672 $106,686 $114,306 $119,049 $116,673 $110,381 $108,833 $106,434 $109,489 $114,715 $111,961Stk:Sls 2.9 2.6 2.6 2.3 2.6 2.5 2.3 2.6 2.7 2.6 2.4 2.4Turn 1.1 1.2 1.2 1.2 4.63
Feb-Yr3 Mar-Yr3 Apr-Yr3 May-Yr3 Jun-Yr3 Jul-Yr3 Aug-Yr3 Sep-Yr3 Oct-Yr3 Nov-Yr3 Dec-Yr3 Jan-Yr3 Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Yr3 Total
BOM $107,022 $83,258 $89,485 $89,485 $86,208 $92,522 $90,246 $84,606 $89,918 $99,034 $102,182 $95,342 $107,022 $89,485 $90,246 $99,034
Net Sales $44,579 $41,629 $41,629 $47,857 $41,629 $44,579 $47,943 $42,303 $42,303 $47,615 $51,419 $50,763 $127,836 $134,064 $132,549 $149,798 $544,247COGS 25,229$ 22,489$ 22,489$ 27,084$ 22,489$ 24,082$ 27,133$ 22,853$ 23,941$ 25,723$ 29,100$ 28,729$ $70,206 $73,655 $73,927 $83,552 $301,340GM$ $19,350 $19,140 $19,140 $20,773 $19,140 $20,497 $20,810 $19,450 $18,362 $21,893 $22,319 $22,034 $57,630 $60,409 $58,622 $66,246 $242,907GM% 43.4% 46.0% 46.0% 43.4% 46.0% 46.0% 43.4% 46.0% 43.4% 46.0% 43.4% 43.4% 45.1% 45.1% 44.2% 44.2% 44.6%
MD$ 4,457.88$ 2,081.44$ 2,081.44$ 4,785.67$ 2,081.44$ 2,228.94$ 4,794.31$ 2,115.14$ 4,230.28$ 2,380.77$ 5,141.88$ 5,076.33$ $8,621 $9,096 $11,140 $12,599 $41,456MD% 10.0% 5.0% 5.0% 10.0% 5.0% 5.0% 10.0% 5.0% 10.0% 5.0% 10.0% 10.0% $0 $0 8.4% 8.4% 7.6%
Purchases -Retail $26,164 $50,771 $44,543 $50,322 $50,857 $45,423 $48,056 $50,577 $56,495 $54,096 $50,749 $47,720 $121,477 $146,602 $155,128 $152,566 $575,773Purchases -Cost $12,703 $24,650 $21,626 $24,432 $24,692 $22,053 $23,332 $24,555 $27,429 $26,264 $24,639 $23,169 $58,978 $71,176 $75,316 $74,072 $279,542
Shrinkage $892 $833 $833 $957 $833 $892 $959 $846 $846 $952 $1,028 $1,015
EOM $83,258 $89,485 $89,485 $86,208 $92,522 $90,246 $84,606 $89,918 $99,034 $102,182 $95,342 $86,208 $89,485 $90,246 $99,034 $86,208
Avg Stk $95,140 $86,372 $89,485 $87,847 $89,365 $91,384 $87,426 $87,262 $94,476 $100,608 $98,762 $90,775 $92,313 $89,615 $90,951 $95,692 $94,399Stk:Sls 2.4 2.0 2.1 1.9 2.1 2.1 1.9 2.0 2.1 2.1 2.0 1.9Turn 1.4 1.5 1.5 1.6 5.77
161
Sls Qtr Yr1-3
Pink Rice 3-Year
MerchandiseInventory Flow
SummaryYear 1 Year 2 Year 3
BOM $115,951 $121,749 $107,022
Sales $493,648 $518,330 $544,247Purchases $662,871 $553,452 $575,773
EOM $121,749 $107,022 $86,208
Avg Inv $123,079 $111,961 $94,399Turn 4.01 4.63 5.77
Pink Rice 3-Year
MerchandiseInventory Flow
SummaryQ1-Yr1 Q2-Yr1 Q3-Yr1 Q4-Yr1 Yr1 Total Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Yr2 Total Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Yr3 Total
BOM Inventory $115,951 $121,600 $120,226 $135,871 $121,749 $106,452 $106,093 $118,491 $107,022 $89,485 $90,246 $99,034
Total Net Sales $115,951 $121,600 $120,226 $135,871 $493,648 $121,749 $127,680 $126,237 $142,664 $518,330 $127,836 $134,064 $132,549 $149,798 $544,247COGS $63,222 $67,212 $67,845 $76,685 $274,963 $66,863 $70,148 $70,406 $79,573 $286,990 $70,206 $73,655 $73,927 $83,552 $301,340GM$ $52,730 $54,389 $52,381 $59,186 $218,685 $54,886 $57,533 $55,831 $63,091 $231,340 $57,630 $60,409 $58,622 $66,246 $242,907GM% 45.5% 44.7% 43.6% 43.6% 44.3% 45.1% 45.1% 44.2% 44.2% 44.6% 45.1% 45.1% 44.2% 44.2% 44.6%
Purchases -Retail $247,690 $130,908 $148,379 $135,894 $662,871 $117,098 $138,537 $151,769 $146,047 $553,452 $121,477 $146,602 $155,128 $152,566 $575,773Purchases -Cost $131,790 $73,031 $82,758 $73,731 $361,310 $56,852 $67,261 $73,685 $70,907 $268,705 $58,978 $71,176 $75,316 $74,072 $279,542
EOM Inventory $121,600 $120,226 $135,871 $121,749 $106,452 $106,093 $118,491 $107,022 $89,485 $90,246 $99,034 $86,208
BOM/Avg Inventory $118,850 $121,449 $126,055 $130,226 $123,079 $108,833 $106,434 $109,489 $114,715 $111,961 $92,313 $89,615 $90,951 $95,692 $94,399
Turn 0.98 1.00 0.95 1.04 4.01 1.12 1.20 1.15 1.24 4.63 1.38 1.50 1.46 1.57 5.77
Pink Rice 3-Year
MerchandiseInventory Flow
SummaryQ1-Yr1 Q2-Yr1 Q3-Yr1 Q4-Yr1 Yr1 Total Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Yr2 Total Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Yr3 Total
BOM Inventory $115,951 $121,600 $120,226 $135,871 $121,749 $106,452 $106,093 $118,491 $107,022 $89,485 $90,246 $99,034
Total Net Sales $115,951 $121,600 $120,226 $135,871 $493,648 $121,749 $127,680 $126,237 $142,664 $518,330 $127,836 $134,064 $132,549 $149,798 $544,247COGS $63,222 $67,212 $67,845 $76,685 $274,963 $66,863 $70,148 $70,406 $79,573 $286,990 $70,206 $73,655 $73,927 $83,552 $301,340GM$ $52,730 $54,389 $52,381 $59,186 $218,685 $54,886 $57,533 $55,831 $63,091 $231,340 $57,630 $60,409 $58,622 $66,246 $242,907GM% 45.5% 44.7% 43.6% 43.6% 44.3% 45.1% 45.1% 44.2% 44.2% 44.6% 45.1% 45.1% 44.2% 44.2% 44.6%
Purchases -Retail $247,690 $130,908 $148,379 $135,894 $662,871 $117,098 $138,537 $151,769 $146,047 $553,452 $121,477 $146,602 $155,128 $152,566 $575,773Purchases -Cost $131,790 $73,031 $82,758 $73,731 $361,310 $56,852 $67,261 $73,685 $70,907 $268,705 $58,978 $71,176 $75,316 $74,072 $279,542
EOM Inventory $121,600 $120,226 $135,871 $121,749 $106,452 $106,093 $118,491 $107,022 $89,485 $90,246 $99,034 $86,208
BOM/Avg Inventory $118,850 $121,449 $126,055 $130,226 $123,079 $108,833 $106,434 $109,489 $114,715 $111,961 $92,313 $89,615 $90,951 $95,692 $94,399
Turn 0.98 1.00 0.95 1.04 4.01 1.12 1.20 1.15 1.24 4.63 1.38 1.50 1.46 1.57 5.77
162
Cash Flow Forecast
Jan - Yr 0 Feb - Yr 1 Mar - Yr 1 Apr - Yr 1 May - Yr 1 Jun - Yr 1 Jul - Yr 1 Aug - Yr 1 Sep - Yr 1 Oct - Yr 1 Nov - Yr 1 Dec - Yr 1 Jan - Yr 1 Yr 1Startup Loan/Personal $$ $145,736
Less: Start-up Capital Expenditures $31,850
Equals: Available Start-up $$ $113,886
Profit or <Loss> (GM$-Expenses) -$3,263 $1,431 $4,015 $1,993 $2,869 $4,979 -$721 $1,094 $2,509 $4,455 $3,514 $5,521 $28,396
Less: Monthly Incr. of Inv ( at Cost) $59,656 $1,530 $0 $1,377 $40 $315 -$1,062 -$153 $4,254 $3,948 -$377 -$3,597 -$3,291 $62,639
Less: Shrink and MDs (cost) $2,356 $1,283 $1,283 $2,529 $1,283 $1,374 $2,534 $1,304 $2,235 $1,468 $2,717 $2,683 $23,049
Plus: Depreciation Expense $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $6,170
Less: Principal Payments $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $8,744
Equals: Monthly Working Cash -$59,656 -$7,363 -$66 $1,140 -$791 $1,057 $4,453 -$3,316 -$4,678 -$3,889 $3,150 $4,179 $5,915 -$59,866
Equals: Monthly Net Cash $54,230 -$7,363 -$66 $1,140 -$791 $1,057 $4,453 -$3,316 -$4,678 -$3,889 $3,150 $4,179 $5,915
Cumulative Net Cash $54,230 $46,867 $46,800 $47,941 $47,149 $48,206 $52,659 $49,343 $44,665 $40,776 $43,925 $48,105 $54,020
163
Jan - Yr 0 Feb - Yr 1 Mar - Yr 1 Apr - Yr 1 May - Yr 1 Jun - Yr 1 Jul - Yr 1 Aug - Yr 1 Sep - Yr 1 Oct - Yr 1 Nov - Yr 1 Dec - Yr 1 Jan - Yr 1 Yr 1Startup Loan/Personal $$ $145,736
Less: Start-up Capital Expenditures $31,850
Equals: Available Start-up $$ $113,886
Profit or <Loss> (GM$-Expenses) -$3,263 $1,431 $4,015 $1,993 $2,869 $4,979 -$721 $1,094 $2,509 $4,455 $3,514 $5,521 $28,396
Less: Monthly Incr. of Inv ( at Cost) $59,656 $1,530 $0 $1,377 $40 $315 -$1,062 -$153 $4,254 $3,948 -$377 -$3,597 -$3,291 $62,639
Less: Shrink and MDs (cost) $2,356 $1,283 $1,283 $2,529 $1,283 $1,374 $2,534 $1,304 $2,235 $1,468 $2,717 $2,683 $23,049
Plus: Depreciation Expense $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $6,170
Less: Principal Payments $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $729 $8,744
Equals: Monthly Working Cash -$59,656 -$7,363 -$66 $1,140 -$791 $1,057 $4,453 -$3,316 -$4,678 -$3,889 $3,150 $4,179 $5,915 -$59,866
Equals: Monthly Net Cash $54,230 -$7,363 -$66 $1,140 -$791 $1,057 $4,453 -$3,316 -$4,678 -$3,889 $3,150 $4,179 $5,915
Cumulative Net Cash $54,230 $46,867 $46,800 $47,941 $47,149 $48,206 $52,659 $49,343 $44,665 $40,776 $43,925 $48,105 $54,020
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P&L
Feb-Yr1 Mar-Yr1 Apr-Yr1 May-Yr1 Jun-Yr1 Jul-Yr1 Aug-Yr1 Sep-Yr1 Oct-Yr1 Nov-Yr1 Dec-Yr1 Jan-Yr1 Yr1 Total %/SlsNet Sales $40,434 $37,759 $37,759 $43,407 $37,759 $40,434 $43,486 $38,370 $38,370 $43,189 $46,638 $46,044 $493,648 100.0%
COGS $22,234 $20,609 $20,378 $24,951 $20,378 $21,882 $24,863 $21,472 $21,510 $23,250 $26,919 $26,516 $274,963 55.7%Merchandise GM$ $18,200 $17,149 $17,380 $18,457 $17,380 $18,552 $18,623 $16,898 $16,860 $19,938 $19,720 $19,527 $218,685 44.3%
Research & Development $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $2,400 0.5%
Merch. GM w/ R&D $18,000 $16,949 $17,180 $18,257 $17,180 $18,352 $18,423 $16,698 $16,660 $19,738 $19,520 $19,327 $216,285 43.8%
Wages $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $74,400 15.1%Commissions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Rent $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $11,160 2.3%Charitable Expense $2,022 $1,888 $1,888 $2,170 $1,888 $2,022 $2,174 $1,918 $1,918 $2,159 $2,332 $2,302 $24,682 5.0%Marketing Expense $7,250 $3,720 $1,370 $4,020 $2,520 $1,370 $6,900 $3,770 $2,320 $3,070 $3,520 $1,370 $41,200 8.3%
Travel expense $2,000 $2,000 0.4%Health Insurance $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800 1.0%
Insurance $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $1,020 0.2%Accounting/Books $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200 0.2%
Banking $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $240 0.0%Interest Expense $131 $129 $127 $125 $122 $120 $118 $116 $114 $111 $109 $107 $1,430 0.3%
Depreciation $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $6,170 1.2%Utilities & Security $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $2,760 0.6%
Telephone $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $600 0.1%Supplies $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $960 0.2%
Misc. Repairs et al $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $600 0.1%Credit Card Transaction Fee $809 $755 $755 $868 $755 $809 $870 $767 $767 $864 $933 $921 $9,873 2.0%
Shrinkage $393 $367 $367 $421 $367 $393 $422 $373 $373 $419 $453 $447 $4,793 1.0%Total Expense $21,263 $15,518 $13,166 $16,264 $14,311 $13,372 $19,143 $15,603 $14,151 $15,283 $16,006 $13,806 $187,888 38.1%
Profit/Loss -$3,263 $1,431 $4,015 $1,993 $2,869 $4,979 -$721 $1,094 $2,509 $4,455 $3,514 $5,521 $28,396 5.8%
Credit Card Trans Fee rate 2%
Fixed Expenses $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $102,710 20.8%Variable Expenses $8,290 $4,704 $2,352 $5,113 $3,498 $2,399 $7,988 $4,753 $3,301 $4,145 $4,662 $2,498 $53,703 10.9%
Total Expenses $16,849 $13,263 $10,911 $13,672 $12,057 $10,958 $16,547 $13,312 $11,860 $12,704 $13,221 $11,057 $156,413 31.7%Operating Margin % 7.4% 22.7% 37.2% 25.9% 30.6% 40.9% 11.1% 21.2% 29.7% 36.3% 33.0% 43.4% 68.3%
BreakEven$ Volume $226,970 $58,534 $29,314 $52,739 $39,363 $26,771 $148,439 $62,743 $39,993 $35,016 $40,120 $25,491 $785,494BreakEven Sales per day $7,566 $1,951 $977 $1,758 $1,312 $892 $4,948 $2,091 $1,333 $1,167 $1,337 $850 $26,183
BreakEven Sales per hour $946 $244 $122 $220 $164 $112 $618 $261 $167 $146 $167 $106 $3,273
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Feb-Yr1 Mar-Yr1 Apr-Yr1 May-Yr1 Jun-Yr1 Jul-Yr1 Aug-Yr1 Sep-Yr1 Oct-Yr1 Nov-Yr1 Dec-Yr1 Jan-Yr1 Yr1 Total %/SlsNet Sales $40,434 $37,759 $37,759 $43,407 $37,759 $40,434 $43,486 $38,370 $38,370 $43,189 $46,638 $46,044 $493,648 100.0%
COGS $22,234 $20,609 $20,378 $24,951 $20,378 $21,882 $24,863 $21,472 $21,510 $23,250 $26,919 $26,516 $274,963 55.7%Merchandise GM$ $18,200 $17,149 $17,380 $18,457 $17,380 $18,552 $18,623 $16,898 $16,860 $19,938 $19,720 $19,527 $218,685 44.3%
Research & Development $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $2,400 0.5%
Merch. GM w/ R&D $18,000 $16,949 $17,180 $18,257 $17,180 $18,352 $18,423 $16,698 $16,660 $19,738 $19,520 $19,327 $216,285 43.8%
Wages $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $6,200 $74,400 15.1%Commissions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Rent $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $930 $11,160 2.3%Charitable Expense $2,022 $1,888 $1,888 $2,170 $1,888 $2,022 $2,174 $1,918 $1,918 $2,159 $2,332 $2,302 $24,682 5.0%Marketing Expense $7,250 $3,720 $1,370 $4,020 $2,520 $1,370 $6,900 $3,770 $2,320 $3,070 $3,520 $1,370 $41,200 8.3%
Travel expense $2,000 $2,000 0.4%Health Insurance $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800 1.0%
Insurance $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $85 $1,020 0.2%Accounting/Books $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $1,200 0.2%
Banking $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $240 0.0%Interest Expense $131 $129 $127 $125 $122 $120 $118 $116 $114 $111 $109 $107 $1,430 0.3%
Depreciation $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $514 $6,170 1.2%Utilities & Security $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $230 $2,760 0.6%
Telephone $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $600 0.1%Supplies $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $960 0.2%
Misc. Repairs et al $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $600 0.1%Credit Card Transaction Fee $809 $755 $755 $868 $755 $809 $870 $767 $767 $864 $933 $921 $9,873 2.0%
Shrinkage $393 $367 $367 $421 $367 $393 $422 $373 $373 $419 $453 $447 $4,793 1.0%Total Expense $21,263 $15,518 $13,166 $16,264 $14,311 $13,372 $19,143 $15,603 $14,151 $15,283 $16,006 $13,806 $187,888 38.1%
Profit/Loss -$3,263 $1,431 $4,015 $1,993 $2,869 $4,979 -$721 $1,094 $2,509 $4,455 $3,514 $5,521 $28,396 5.8%
Credit Card Trans Fee rate 2%
Fixed Expenses $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $8,559 $102,710 20.8%Variable Expenses $8,290 $4,704 $2,352 $5,113 $3,498 $2,399 $7,988 $4,753 $3,301 $4,145 $4,662 $2,498 $53,703 10.9%
Total Expenses $16,849 $13,263 $10,911 $13,672 $12,057 $10,958 $16,547 $13,312 $11,860 $12,704 $13,221 $11,057 $156,413 31.7%Operating Margin % 7.4% 22.7% 37.2% 25.9% 30.6% 40.9% 11.1% 21.2% 29.7% 36.3% 33.0% 43.4% 68.3%
BreakEven$ Volume $226,970 $58,534 $29,314 $52,739 $39,363 $26,771 $148,439 $62,743 $39,993 $35,016 $40,120 $25,491 $785,494BreakEven Sales per day $7,566 $1,951 $977 $1,758 $1,312 $892 $4,948 $2,091 $1,333 $1,167 $1,337 $850 $26,183
BreakEven Sales per hour $946 $244 $122 $220 $164 $112 $618 $261 $167 $146 $167 $106 $3,273
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Loan PaymentLoan Repayment Schedule $250 @ 5.75
Month Balance of Loan Principal InterestTotal
Payment Due1 $43,720.84 $729 131$ 860$ 2 $42,992.16 $729 129$ 858$ 3 $42,263.48 $729 127$ 855$ 4 $41,534.80 $729 125$ 853$ 5 $40,806.12 $729 122$ 851$ 6 $40,077.44 $729 120$ 849$ 7 $39,348.76 $729 118$ 847$ 8 $38,620.08 $729 116$ 845$ 9 $37,891.40 $729 114$ 842$
10 $37,162.72 $729 111$ 840$ 11 $36,434.04 $729 109$ 838$ 12 $35,705.35 $729 107$ 836$ 13 $34,976.67 $729 105$ 834$ 14 $34,247.99 $729 103$ 831$ 15 $33,519.31 $729 101$ 829$ 16 $32,790.63 $729 98$ 827$ 17 $32,061.95 $729 96$ 825$ 18 $31,333.27 $729 94$ 823$ 19 $30,604.59 $729 92$ 820$ 20 $29,875.91 $729 90$ 818$ 21 $29,147.23 $729 87$ 816$ 22 $28,418.55 $729 85$ 814$ 23 $27,689.87 $729 83$ 812$ 24 $26,961.19 $729 81$ 810$ 25 $26,232.51 $729 79$ 807$ 26 $25,503.82 $729 77$ 805$ 27 $24,775.14 $729 74$ 803$ 28 $24,046.46 $729 72$ 801$ 29 $23,317.78 $729 70$ 799$ 30 $22,589.10 $729 68$ 796$
Loan Repayment Schedule $250 @ 5.75Interest Rate 3.60%
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Loan Repayment Schedule $250 @ 5.7531 $21,860.42 $729 66$ 794$ 32 $21,131.74 $729 63$ 792$ 33 $20,403.06 $729 61$ 790$ 34 $19,674.38 $729 59$ 788$ 35 $18,945.70 $729 57$ 786$ 36 $18,217.02 $729 55$ 783$ 37 $17,488.34 $729 52$ 781$ 38 $16,759.66 $729 50$ 779$ 39 $16,030.98 $729 48$ 777$ 40 $15,302.29 $729 46$ 775$ 41 $14,573.61 $729 44$ 772$ 42 $13,844.93 $729 42$ 770$ 43 $13,116.25 $729 39$ 768$ 44 $12,387.57 $729 37$ 766$ 45 $11,658.89 $729 35$ 764$ 46 $10,930.21 $729 33$ 761$ 47 $10,201.53 $729 31$ 759$ 48 $9,472.85 $729 28$ 757$ 49 $8,744.17 $729 26$ 755$ 50 $8,015.49 $729 24$ 753$ 51 $7,286.81 $729 22$ 751$ 52 $6,558.13 $729 20$ 748$ 53 $5,829.45 $729 17$ 746$ 54 $5,100.76 $729 15$ 744$ 55 $4,372.08 $729 13$ 742$ 56 $3,643.40 $729 11$ 740$ 57 $2,914.72 $729 9$ 737$ 58 $2,186.04 $729 7$ 735$ 59 $1,457.36 $729 4$ 733$ 60 $728.68 $729 -$ -$
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13Appendix
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13.1 Resume
EDUCATION
Master of Fine Art in Fashion Merchandising / GPA 3.7, Anticipated Graduation-May 2015 Academy Art of University, San Francisco, California
Bachelor of Art in the Department of Health Administration, June 2012 I-Shou University, Kaohsiung City, Taiwan (R.O.C.)
I-CHUN CHEN(415) 527- 6230
PROFESSIONAL EXPERIENCE
Sale Associate, June 2010 - Septenber 2011Tang Pao International Co., Ltd / Tainan, Taiwan
-Sell specific products and services to consumers-Demonstrate products and show consumers how to maximize their features-Process orders in person and over the phone-Check inventory to ensure the desired product was in stock
SKILLS
Fashion : Product Development and Sourcing, Visual Merchandising, Trend Analysis and Textiles & Other Raw Materials
Computer: Photoshop, Illustrator, Excel, Word and Power Point
LANGUAGES
Mandarin & Taiwanese : Native speakerEnglish : Fluent
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13.2 Reference
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2. “About the global organic” The global organic textile standard international working group. 2013 Edition. Web. October 10. 2013. < http://www.global-standard.org/about-us.html >
3. “Eco-friendly baby clothes” Mama’s health. 2000 - 2013 Web. < http://www.mamashealth.com/eco/childclothes.asp >
4. Jane McConnell. ”Clothing industry booming” ecomall.com < http://www.ecomall.com/greenshopping/mothero2.htm >
5.”Taiwan GDP Growth Rate” tradingeconomics.com 2015 Edition. Web. <http://www.tradingeconomics.com/taiwan/gdp-growth>
6. “ 5 Benefits of promoting an Eco-Friendly lifestyle for your kids” woobamboo.com. 2014 Edition. Web. < http://www.woobamboo.com/eco-friendly-benefits-for-kids/ >
7. Groshan Fabiola. ”Children Clothing - a New Trend in Modern Society” . streetdirectory.com. 2014 Edition. Web. < http://www.streetdirectory.com/travel _ guide/202110/kids _ and _ teens/childrens _ clothing _ _ _ a _ new _ trend _ in _ modern _
society.html >
8. Mattias Wallander. “Organic Cotton: Threading Its Way Into Our Closets”. huffingtonpost.com. 2014 Edition. Web. February 14, 2014 < http://www.huffingtonpost.com/mattias-wallander/organic-cotton-threading- _ b _ 4784430.html >
9. Erin Read. “Grandparent Economy”. creatingresults.com. 1999-2013 Edition. Web. February 22, 2010< http://knowledge.creatingresults.com/2010/02/22/grandparent-economy-baby-boomer-spending/ > 10.Peter Franceses. ”The Power of the Grandparent Economy” grandparents.com. 2007-2014 Edition. Web. April 20. 2009< http://www.grandparents.com/money-and-work/saving-and-investing/the-power-of-the-grandparent-economy >
11. “Children's and Infants Clothing Industry Market Research & Statistics” reportlinker.com. 2014 Edition. Web. < http://www.reportlinker.com/ci02116/Children-s-and-Infants-Clothing.html >
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12.“ Taiwan Population 2014” worldpopulationreview.com. 2014 Edition. Web. October 9. 2014. < http://worldpopulationreview.com/countries/taiwan-population/ >
13. Ministry of Foreign Affairs Republic of China (Taiwan). “About Taiwan” taiwan.gov.tw. 2014 Edition. Web. < http://www.taiwan.gov.tw/ct.asp?xItem=21496&ctNode=1918&mp=1001 >
14. Tourism Bureau, Republic of China(Taiwan) < http://eng.taiwan.net.tw/ >
15. Vmarker. “Top 10 Trends in Kids Furniture” 2014 Edition. Web. < http://vmarker.hubpages.com/hub/Top-10-Trends-Kids-Furniture >
16. Heather Buen. “What are Current Trends in the Children’s Furniture?” dallassinglemom.com. 2014 Edition. Web. October 16. 2013 <http://dallassinglemom.com/current-trends-childrens-furniture/ >
17. Cheryl Lu-Lien. “K ids’ Furni ture Grows Up” wsj.com. 2014 Edi t ion. Web. Jan 27. 2005 < ht tp://www.wsj.com/ar t icles/SB110678214237837284 >
18. Alison Lipson. “Children’s clothes shopping”.mintel.com. November 2013
19. “ Taiwan Population 2014” worldpopulationreview.com. 2014 Edition. Web. < http://worldpopulationreview.com/countries/taiwan-population/#>
20. “Apparel and Footwear in Taiwan” euromonitor.com. 2014 Edition.< http://www.euromonitor.com/apparel-and-footwear-in-taiwan/report>
21.”Five Benefits of Promoting An Eco-Friendly Lifestyle For Your Kids” woobamboo.com . 2014 Edition. Web.< http://www.woobamboo.com/eco-friendly-benefits-for-kids/>
22. Laura Wood “Global Children's Wear Market 2014-2018”. 2014 Edition. Apr 30, 2014
23. International Cotton Advisory Committee” Statement From The Delegation of Taiwan At The 69th Plenary Meeting Of The International Cotton Advisory Committee” icac.org. 2014. Edition. Web. <https://www.icac.org/meetings/plenary/69 _ lubbock/documents/country _reports/e _ taiwan.pdf>
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Thank You
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