buy smart. dress smart. - riviste.newbusinessmedia.it · 5 tops 5 blouse( 2 in hot section) 3 color...
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Buy Smart. Dress Smart.
THE
TEAM Design
VIVEK RAJUCMO
SAGAR MALIKCFO
ZINEET KUMAR
CEORUCHIKA K
StrategyANKUR PATEL
COOCAIO SILVA
The convenience of an online store.
The experience of a physical store.“
What will
the APP do?
Shopping Companion
Fashion Advice
Easier StoreNavigation
FasterTrials
Social Media Connect
Feedback Mechanism
Inventory &Additional Info
In short…Very very
Convenient!
Reduce Space
Store menSupport
Precision Retrieval
In short…Very very
quick service!
Our target customers…
Gender: FemaleAge: 16 -32
Interests: ShoppingKey Target: Frequent
wardrobe updaters
Love to keep up with latest trends?• Notification of interested stock arrivals• Find out quickest selling fashion• Follow fashion bloggers on app
Confused about what to buy??• Expert suggestions on pairing• Capture yourself in a new outfit &
share with friends on social media
Love the shopping experience?• Faster trials possible on interactive mirrors• Hang out at the in-house cafe
Do not have much time??• Smart Mirrors to help narrow down choices quickly• “Choose at home, pick later” option
Customer Acquisition
• The app will be the 1st point of interaction with the shopper
• “Invite friends to download app” approach
Customer Retention
• Gamification of the app• Give reviews, share on social
media to earn reward points• Climb shopper ladder
(Novice>Upcoming>Expert)
Faster and more convenient than a traditional retail store
More customized
and personal than an E-
commerce store
Category Product Mix Depth
Women Tops
- Shirts - Tops- Tops
- Blouse
20€-50€5 tops 5 blouse( 2 in hot section)
3 color each, 5 sizes
Women Bottom Wear
- Jeans - Trousers - Shorts
30€-50€5 variants each ( 1 each in hot section)
2 color each, 4 sizes
Women Dresses
- Dresses40€-100€
10 variants ( 2 in hot section)1 color, 5 sizes
Women Innerwear
- Inner Wear- Nightwear- Tank tops
10€-30€4 color,6 sizes
Women accessories
- Earrings- Bracelets- Neckwear
4 stalls for ear wear, neckwear and other items near coffee area
5€-30€
Assortment to be bought
from upcoming
designers to keep costs low
LUXURYLOW COST
PRIVATE LABEL
PARTNERS
ZaraH&MForever 21
PradaGapCK
JoyceS.T.A.R.S
MacyNordstromKohlJC PenneyJ crew
USP = Online + Physical
Mass Volumes of low cost
stores.
High engagement of luxury stores
Other interactive
physical stores: Burberry, Rebecca Minkoff
Our First Store
PARIS
Le Palais Royale
Smart Mirror Smart Mirror
LAUNCH OFFERS- 15% discount for
first 1000 customers- 10% discount on
every app referral to a friend.
GRAND OPENING- Concept Fashion
Show- Personnel Assist to be more in 1st month and then gradually
reduced.
BUZZCreate video content
for social media using designers. 1
month before opening
SMART MIRRORS- To be installed at
nearest Metro (Chatelet) to
channel customers.- Two to be in front
of the store
COGS: We have assumed a 100% gross margin on our products