Gearing Up For Market Week

 - by Kim

Next weekend the LA fashion district will be gearing up for the Summer 2010 market, which I couldn’t be MORE excited about. I haven’t been to market in a while, since I didn’t buy ahead of time for Spring. Actually, I’ll be doing my Spring buying while I’m up there and taking a look at what’s in store for Summer. It sounds backwards, but since I’ve changed my business model a lot, and opening my retail location here in town is one of the reasons why.

As I mentioned a few months ago, opening up in a salon was such a last minute thing. I think I spoke with the owners a month or a month and a half before everything was up and running. We opened in November and the Spring ‘09 market took place in October. I ALMOST went to it and placed orders for a whole bunch of stuff, and honestly, I’m glad that I didn’t. Because now that I’ve gotten to know the clientèle here it’s definitely changed what things I would put in the shop (mainly price wise), and of course, buying for a brick and mortar location is much different than the web.

So my new model is to sell what I have BEFORE I buy more (and I recently learned that Banana Republic does this as well), and I plan to stick with it for a while. I’ve said before that depending on immediates is risky business, and it can be, but luckily I work with some pretty flexible lines. I’m also limiting my budget by a LOT, but considering how small my space is, a little bit goes a long way. So here’s what I’m planning on carrying…

Denim – finally! I found a great premium line that retails around $100 AND they get a ton of press.
Footwear – Okay, just flip flops. But it’s a start!
Maxi’s – Once again. But they’re such HOT sellers, and they’re inexpensive, easy to ship and hardly get returned.
Tops – I’m usually more cocktail dress focused but tops will definitely be a bigger selling point in the shop.

So I plan on bringing in at least two more lines, MAYBE 3 depending on how I can stretch my dollars. And on top of that I’m looking into jewelry, but I’ll talk more about that another time :)

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