Thriving Online Retail Business For Men

The days when wives and mothers used to do most of Mens shopping are gone. You are lazy yet you can shop. Driven by the modern retail format of online retail business, Indian men have started liking the taste of shopping. Though they may not be more of the impulse buyer, their contribution to retail sales is pretty significant. Shopping demands patience and women clearly are the better fit for the job. Mens shopping threshold is one tenth as compared to that of a womans, but this is not the end of the story.

One with the heavy pocket: Men are the big spenders not women. Average ticket size of a purchase done by men is considerably higher than that of women. Big ticket items either in online retail business or from the shop are mostly done by men. Either directly or indirectly, the final say on the purchase is theirs. Online, sales above Rs 1 lakh are only made by men and if we move a little lower on the cash spends, 75 per cent of men spend between Rs 10,000-Rs 30,000. Mens per capita annual spend on designer clothing is about Rs 48,000.

While women have patience to roam around in the stores, men do that while researching about a product online. As a result men gain knowledge and women become fussy. Statistics suggest men give 58 per cent business to the online retail market in India while rest 42 per cent is womens share. The average annual expenditure by a man is between 10,000 and 30,000 while in case of females it is less than 10,000. High ticket purchases are clearly ruled by men with 75 per cent of them to their name.”We find that the average male customer is getting younger. Tier II and tier III towns are equal contributor to sales as tier I and metros, tells Kavindra Mishra, Founder Member and VP Sales, Zovi.com, eBays 70 per cent sales recorded are under the name of male consumers. According to Kashyap Vadapalli, Chief Marketing Office, eBay India, their core target audience is primarily male, ages 18-34.

Dedicated men portals: The online retail market in India and its market players have found a way to woo the key consumer that is online most part of the day. Keeping this in mind, a new website has been launched. GetDandy.com, a complete men centric website, offers products including clothing, bath & body, underwears, watches, fragrances, gym & sports gear, mobiles, gaming consoles etc, it has all the major brands under their belt to cater to almost all needs of men. Shopping is a painful experience for men and they always try to escape; through this site we have given an easy solution for men to shop. Here we cater to all their needs from essentials to clothing, fragrances, watches, body & bath, gym & sports, gizmos etc with the most preferred brands by men. With a large number of users on internet and various social networking sites, the concept of online shopping is growing very rapidly. Through this idea of online shopping we are trying to reduce the time spent in shopping as all the requirements are fulfilled on our website. says Vaibhav Lall Co-founder & CMO, Get Dandy. Other websites meant for men are Mr. Porter.com and Stiffcollar.com.

Retail Stores Closing

Retail Stores Closing

Introduction Numerous companies have filed for bankruptcy, and thousands of stores across the United States are closing and liquidating their merchandise. Below follows a list of the chain stores and the extent of their closings for 2009.

Payless

This quarter 33 stores have closed and the company has announced that in the fiscal year of 2009, 143 more are anticipated to close

Zales

In the last quarter alone 118 stores have closed and 191 in the fiscal year 2009, 160 of which were stores and the remaining 31 were kiosks.

Blockbuster Video

Blockbuster has announced that they may close up to 20% of the stores before 2011, which is in between 810 and 960 stores.

Smith and Hawken

All of its stores are being closed down

Crabtree & Evelyn

The company has filed for bankruptcy and has announced that they will be closing stores in the near future.

Big 10 Tires

They have filed for bankruptcy and they have requested release from their leases on 32 stores.

Bank of America

The number of branches will decrease by 10%

Citigroup

The number of outlets will decrease and will be limited to the largest metropolitan areas in the U.S.

PacSun

40 of its 916 stores are going to close

Bulgari

Stores have already closed in Florida, Colorado, and New York, including its Madison Avenue store.

Sears and Kmart

28 more stores will be closing in 2009 in addition to the many that have already closed.

Samsonite

The company has filed Chapter 11 bankruptcy and will be closing 83 of 173 stores.

Waldenbooks

The bookstore is part of the Borders Group and will be cutting its stores down by about 80%, from around 300 stores to 50 or 60.

Jo-Ann Stores

The company is undergoing reorganization and plans to open 20 new stores while closing 30 stores.

Rite Aid

The company has said that they will close up to 117 stores in the coming months.

J. Jill

Owned by Talbots, about 75 stores will close and the remainder will be sold to private owners.

Jones Apparel

First quarter profits were down by 98%. In response, they will shut 20% of stores, around 225 stores.

Whataburger

This year 12 restaurants in Florida have closed due to low sales.

Advanced Auto Parts

The company has announced that there are 55 unprofitable stores and they will close 40 of them.

Advance America Cash Advance Centers

60 centers have closed and 130 more are set to shut down

Ruehl Stores

Owned by Abercrombie & Fitch, all of the 29 stores will be closed.

Boaters World

Parent company Ritz Camera Centers suffered major loses due to the switch to digital photography and will be forced to shut down all 129 Boaters World stores

Leasing Retail Space – The True Costs Of Leasing Space

Occupancy Cost

After obtaining information regarding the cost of tenant improvements, you should be able to estimate the cost of occupancy for your retail space. This will include rent, CAM charges, utilities and the amortized cost of tenant improvements.

CAM

CAM charges referred to comment area maintenance. Practice may vary from area to area, but in most areas this includes not only maintenance expenses but also the cost of taxes and insurance. Most leases for retail space include a partial or complete pass through for basic operating expenses, insurance, management, and property taxes. The landlord or leasing agent should be held to provide an estimate of these charges for your space.

Amortized TI

The amortized cost of your tenant improvements will be the cost over the term of your lease. To keep matters simple, if you are spending $60,000 to renovate your space, and your lease is for five years (60 months), include $1000 per month for the cost of tenant improvements.

Are You Paying Too Much?

Next research the occupancy cost compared to what others in your industry are spending. You may want to review occupancy cost on a dollars per square foot basis, percentage of sales basis and a dollars per month per location basis. If possible, determine what other similar businesses in your area are spending monthly for their total cost of occupancy.

Occupancy Cost Data Sources

Research the information available from industry associations and related publications for information on occupancy costs. It is sometimes referred to based upon dollars per square foot per year. It is more often referred to as a percentage of sales. If this is your first store, it will be difficult to estimate your sales. If you have other locations, you should be able to make an educated guess regarding the probable level of sales for this location.

Dollars per Month per Store?

In some cases, it may also make sense to review the cost of occupancy on a dollars per month basis. For example, if your existing stores tend to have a similar level of revenue, focus on locating retail spaces which meet minimal criteria and have the lowest monthly occupancy cost. Conversely, perhaps any store will have an excess amount of space for your real needs.

Rent per Month Example

For example, perhaps you operate a seasonal income tax business. During the peak of the season, there’ll only be two people in the store (you and your assistant). Based on previous experience, there are no locations which will provide the minimal amount of space you truly need. Further, since you are only leasing a modest amount of retail space for 4 months per year, landlords have not been particularly accommodating. Hence, a location which meets minimal criteria and has the lowest cost for the tax season may be your best option.

Criminal Activity?

Finally, research criminal activity in the area for the retail space you are considering. In many cases, it is apparent whether an area is likely on the low crime rate or high crime rate end of the spectrum. However, considering the investment of time and capital necessary to open a store, it would be very disappointing to learn your retail space was near a hotbed for criminal or gang activity shortly after opening.

Example

Consider the following example. A retail center in north Houston had been a prosperous shopping center on a major thoroughfare for 15 years. Shortly after hurricane Katrina devastated New Orleans, many evacuees from New Orleans settled in Houston. For whatever reason, a large number of New Orleans residents who were criminals located in the adjacent apartment complex. During the next 12 months, there were three murders on the retail center property. Occupancy fell from 80% to 30% because of the problems.

Crime Data Sources

Options for researching criminal activity within an area include online crime reports, discussions with tenants at the property, and discussions with police officers who are active in the area.

Online

In most cases, the information from the services will adequately address the issue of criminal activity near the retail space you’re considering. However, the most current and contextual data you’ll be able to obtain is from tenants at the property and local police officers.

Speak to Tenants

Tenants at the property where you’re considering leasing retail space can be a wonderful resource. They can provide information regarding crime in the area, tenants who have left the center, problems with traffic, problems with ingress and egress, problems with parking, and the trend in the center. Retailers within a retail center typically trade notes or visit with each other. Ask if business has been getting better, or is business declining for the businesses within the center?

Area and Property Criminal Reports

Area police officers are another excellent resource regarding criminal activity in the area. In most cities, you can obtain information regarding criminal records for any address. The records are public information. All you have to do is request the information and pay for the cost of copies.

Speak to the Source

In addition, in most cities the police are willing to visit with you if you are considering opening a business. Expect them to be very direct regarding criminal activity and trends in the area. It is possible they will discourage you from opening a store in a location you’re considering. However, is much better to not open a store in a poor location then to open the store and have to close the business.

The Market Research and Consulting division of OConnor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance.

What Are The Best Type Of Sports Cards – Hobby, Retail, Or Both

As a collector or even if you are beginning collector of sport cards (baseball, football, basketball, etc), there are different options when buying and collecting cards. If you are an experienced collector you already know about hobby vs. retail cards and boxes. If you are new to collecting cards, you will soon find there are many differences between the two. Of course many collectors are many times trying to find that gem, autograph, jersey, or limited edition cards. So lets examine the different types and what the benefits and downfalls to both. So lets take a look and examine both types. Whether you are an experienced collector or a novice, hopefully at the conclusion of this article, you will pick up some tips, secrets, and knowledge of the two types.

First we will look at what many collectors view at the most popular types of cards; Hobby! Many collectors consider “Hobby” card to be the best. For the novice, “Hobby” boxes or packs are sold at hobby stores (local card store, online hobby shops, etc). Several benefits to buying hobby as well as some downfalls. But for the benefits lets take a look:

Hobby boxes or packs will generally always contain much more sports memorabilia (i.e, jerseys, autographs,) as well as limited edition cards like refractors, low number card or limited edition cards. Many collectors also like hobby cards because many times, in fact, more likely than not, the box or pack will guarantee memorabilia like jersey or autograph cards, or limited edition cards.

Almost all major manufacturers of cards, have both hobby and retail. However, like mentioned previously, hobby cards are many times preferred because of their collectible value and guaranteed sports memorabilia included. However this comes with a price!

The biggest downfall of hobby over retail is price. For instance, it is not unreasonable to find a “box or tin” of cards that has just one, that’s right, just one pack of cards for $400.00. Now that pack may have 6 cards, with 5 of them all guaranteed to have major sports memorabilia, autographs, jerseys, both, and usually cards limited or serial numbered to very low numbers (in other words only a limited number produced). In addition to the price is the massive amount of sports memorabilia that is many times produced in hobby packs/boxes. As we know in any market, the more of something produced, in this case memorabilia (jerseys, autographs, etc) will many times lower the value of the product.

So in conclusion of hobby boxes and packs; yes you can and will find major memorabilia, in fact some of the rarest types of and most expensive pulls have been from hobby packs. I recall a Babe Ruth with a piece of jersey shirt, piece of jersey pants, and piece of game used bat and a cut autograph, and was numbered 1/1 that sold for $88,000 a few years ago. But this will come with a price and probably a large one at that.

Now lets look at retail. As the name implies, retail boxes and packs are sold in retail stores (big box retailers). First and foremost, the price is much cheaper, however, you will not get the same guarantees, same memorabilia, autographs, etc. But that doesn’t mean you can’t or won’t find these items or a special gem card, just harder to find. So should you avoid retail? My answer is no!

Here are some examples of a few items I have picked up “retail”. First I found some boxes that were sealed and inside you received several packs of football cards (retail version) from different manufacturers. However in addition to these packs you were guaranteed to receive a BGS (Beckett Grading Services) graded card, who are one of top graders. I bought a few of these boxes for $9.95 each. Now to get a card graded at BGS you will spend around $30.00 (with grading, shipping, insurance) for one card! So I figured I would take my chance. The first box contained a BGS graded 9.0 mint Ted Ginn Jr. rookie card. Next box had a Joe Flacco rookie BGS 9 mint, and the final box had an Adrian Peterson rookie card BGS 9.5 Gem Mint! So I did pretty good for $30.00 total (what I would have spent on one card…). And these were BGS graded, not some fly by night grading company.

Also many times, retail boxes contain cards that can’t be found in hobby, like a special refractor only available in retail. For example, I was at one of the “big box retailers” and they were selling complete sets of Topps cards (like series 1 & 2) in a sealed box. However the different thing about some of these complete sets were that some of these sealed sets had a Mickey Mantle relic card containing a piece of a shirt or jersey. This card was located right on the front of the box in a special window. Now this particular set was made only for this particular big box retail store. The price was $49.95 and it came with both series sets (660 cards total I believe), however, in addition to the cards inside, the Mantle relic card had a book value of $39.00 for just that card. So I actually paid about $10.00 when you think about it. Of course I have always kept things like that sealed to preserve the integrity and value.

Retail Buying Versus Wholesale Buying

Retail and wholesale buyers are involved in the process of buying commodities or items. A significant difference between the two parties relates to the end point where the goods are traded.

Retail Buying

Retail buying relates to obtaining stock for local stores. This is sold direct to the end consumer. Retailers are likely to get involved with negotiating prices with suppliers, tracking inventory and market research. It is crucial to continue to conduct the market research to make sure the latest fashions or trends are available to buy. Because the retailers are the smallest entity on the supply chain, they are certain to buy supplies in smaller quantities compared to the wholesaler.

Since the prices can vary with the many wholesalers, it is crucial for the retailer to shop around to attract the most competitive prices. By getting the best price in the marketplace, a retailer is in a better place to make the desired profit on the prices marked up in store.

Wholesale Buying

Wholesalers purchase stock in greater volume. This stock is made available to the businesses or retail establishments. Since the wholesaler is able to get supplies in such high volume, they are able to offer the merchandise to retailers with a decent profit margin. Wholesalers obtain the supplies direct from the major manufacturers or distributors. A wholesale company purchases in bulk and offers the goods in smaller volumes to many retailers.

Pricing Options

Even though retail and wholesale buying can share certain similarities, the amount paid for the merchandise is certain to vary. A retailer is quoted a higher price to source the supplies to market direct to the end consumer because the wholesaler is able to buy in higher quantities. By purchasing in bulk, the wholesaler is often able get competitive pricing or discounts from the manufacturer or distributor.

Quantity of Stock

The buying aim of the wholesaler is to buy inventory at such high volume that they are able to get low or discounted prices. This still lets them make a profit after trading with the businesses or retail establishments. Retail buying power is smaller. A retail store selling direct to the end consumer is able to buy in smaller volume to match the size and reach of the particular business. Retailers are still able to get the attractive prices, which enables them to make a profit when making the merchandise available to the consumer.