A boutique is "a small store that sells stylish clothing, jewelry, or other usually expensive things". The word is French for "shop", which derives ultimately from the Greek ἀποθήκη (apothēkē) or "storehouse". This term can also refer to a specialized firm in other industries, such as a boutique investment bank or boutique law firm. The word is often used to describe a property in the independent sector of the hotel market (such as The Rockwell in London) in order to distinguish itself from larger chains (such as Hilton Hotels). In such cases, the establishment aims to convey the idea that its operation is small, elite and highly specialized. Some multi-outlet businesses (chains) can be referred to as boutiques if they target small, upscale market niches. Recently, the term "boutique" has begun to be applied to mass-market items that are either niche or produced in intentionally small numbers to be sold at very high prices. A boutique store typically sells clothing, decorative items, housewares, art, sports uniforms and equipment or shoes. Before opening a boutique, check out the competition to determine if the items you want to sell are in demand and not available at other retail locations close by. As the owner of a boutique, you should enjoy interacting with customers, managing employees and have some knowledge of business management and growth to ensure that your business continues to make a profit each month.
Showing posts with label Boutique Store. Show all posts
Showing posts with label Boutique Store. Show all posts
Tuesday, February 3, 2015
How to Start a Boutique Store Business
A boutique is "a small store that sells stylish clothing, jewelry, or other usually expensive things". The word is French for "shop", which derives ultimately from the Greek ἀποθήκη (apothēkē) or "storehouse". This term can also refer to a specialized firm in other industries, such as a boutique investment bank or boutique law firm. The word is often used to describe a property in the independent sector of the hotel market (such as The Rockwell in London) in order to distinguish itself from larger chains (such as Hilton Hotels). In such cases, the establishment aims to convey the idea that its operation is small, elite and highly specialized. Some multi-outlet businesses (chains) can be referred to as boutiques if they target small, upscale market niches. Recently, the term "boutique" has begun to be applied to mass-market items that are either niche or produced in intentionally small numbers to be sold at very high prices. A boutique store typically sells clothing, decorative items, housewares, art, sports uniforms and equipment or shoes. Before opening a boutique, check out the competition to determine if the items you want to sell are in demand and not available at other retail locations close by. As the owner of a boutique, you should enjoy interacting with customers, managing employees and have some knowledge of business management and growth to ensure that your business continues to make a profit each month.
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