Project I Minor Principle Application: New Look Company Business Plan Presentation Script

 Project I Minor Principle Application: New Look Company Business Plan Presentation Script

 

 

Project I Minor Principle Application: New Look Company Business Plan Presentation Script

SLIDE 1: Title Slide

New Look Company

Fashion for Everybody

A Contracted Business Plan

By: Student’s Name

Notes: New Look Inc. is a UK-based international fashion retailer with a network of high street outlets. The firm is Tom Sigh’s creation and started operating in 1969. The slogan “Fashion for Everybody” shows New Look Inc.’s commitment towards serving all groups. The company sells women’s wear, menswear, and teens’ wear.

SLIDE 2: The Problem

The current clothing industry suffers the following drawbacks:

• Unaffordability
• Selectivity
• Poor quality
• Flatness

Notes: Clothing is one of the industries in which people have heavily invested. However, many companies have inflated their prices. Worse is that the overpricing applies despite the poor qualities of the majority of the clothing products. Many attires are also flat in terms of design and structure or monotonous due to duplication because of limited creativity. Above all, many of the established organizations only offer selected clothing types. For example, some only serve men and others women.

SLIDE 3: The Solution

New Look Company intends to:

• Become an upscale established manufacturer of clothing for everyone
• Retail its products at wholesale prices
• Introduce new clothing designs on a quarterly basis.

Notes: New Look anticipates levering up its position from a men-clothing company to become a manufacturer of an upscale clothing line for everyone. The company plans to strengthen its partnership with retailers so that they can sell its products at wholesale prices to make them affordable. New Look intends to market its line as the best alternative to existing clothing lines and differentiate itself by innovative designs, affordable prices, and exclusiveness. Moreover, the firm also hopes to develop lines of accessories for men, women, and children in the future. The accessories will comprise cologne/perfume, jewelry, eyewear, and watches, among many others.

SLIDE 4: Our Market and Profitability

New Look Inc.’s customers are everyone: men and women of all ages with a disposable household income. Profitability will emanate from the sales of our clothing products.

Notes: The New Look client is a versatile individual, who can fit into any setting, is willing and has the purchasing power to pay for quality clothing. New Look Company makes money through the sales of its products. The organization is bagging on its clothing profits to lead it towards its sustainability.

SLID 5: Mode of Operation

New Look’s markets its products through:

• Its website
• Social Media
• Print media, and
• Press media

The firm sales its products through

• Its website, and
• Its stores,
• Its partnered-retailers

Notes: New Look’s mode of operation is a combination of virtual and physical mechanisms. The organization is one of the clothing industry players that do heavy marketing and product promotion on its website, social media platforms such as Facebook and Twitter, print media like in newspapers and magazines, and press media such as TV and Radio ads. On the other hand, the company has online buying options on its website. After placing an order and paying the price, a customer can either pick their products from the closest New Look stores or partnered-retailer. Alternatively, the organization can deliver the clothing to their purchasers at an extra charge or in accordance with the terms of the transactions. On the other hand, clients can simply walk in any of its physical outlets and make a purchase.

SLIDE 6: Competition and Why Us

Our primary competitors include:

• Gap Inc.
• VG Corporation, and
• Tommy Hilfiger

However, we are ahead of them mainly because our products are quality, innovative and affordable.

Notes: Companies are restructuring to be leaner and adopt new technologies. Consolidation is vital in this industry. For example, Gap Inc., VG Corporation, Tommy Hilfiger recently collaborated with various retail outlets to sell their products. Nevertheless, their partnerships have not been fruitful as expected so far because their products are expensive, flat, and of low quality.

 

SLIDE 7: Expectations

Forecast

Financial Highlights by Year

Notes: Our goal is to expand from retail into online, with its own branding, to be sold by the end of the period in other retail stores as well as online.

Financing Needed

We seek to expand our design line by $65,000 from the owner. Additionally, we are aiming for a business loan worth $115,000. We anticipate that the business will pay back the two by the second year, given our already established customer base and relationships.