Six-Month Merchandise Plan Project Mi Ri Han, Ilynn Yang, Mika Page RCS 361 Spring 2010 Introduction Our team has decided to open up an athletic-wear store for females. We are calling our store Miles. We believe this name will fit our target market and store image very well. The name Miles comes from a female name that is active. This name is considered feminine yet athletic. We are opening our store in Los Angeles, CA. We have a short amount of time to create this line and open up our very first location in Los Angeles. We decided to open up our store in this city because of the body conscious women who care about their appearance that live here. Staying fit and being healthy is a trend in this city and we believe they would love our new store. Customer Profile Our target market is focused on women. Our store is targeting the age group of twenty to forty year old females. The income of our target market is middle to upper-middle class making around $50,000 average and up. Our target market is body conscious and healthy. She cares about her style but is also very busy with their jobs. She is always on the go whether it is taking care of her child or working on a very important project to meet her deadline. Her interests include fitness, working out, yoga, healthy eating, cooking, and reading. Our target market is very well-educated and has been through the education process. She has either completed college or is currently attending graduate school. The older side of the target market, she has already established herself professionally and has a career in business or education. She has a boyfriend or is already married. Her significant other is similar to her, he likes to work out as well and stay an active lifestyle while working hard at his job. Our target market is body conscious so therefore she likes to read magazines especially Fitness Magazine, Self, and Shape. She likes to use these as sources to find recipes and easy workout plans to would go with her schedule. Our target market is very in-tuned with community events. She attends community events such as local art shows, openings of local restaurants, and neighborhood cookout parties. She is very social and has established a social network from community events, the gym, and her job. Therefore the community knows her and her husband very well and is very fond of her. She is very popular within this city because of her social skills. Her job is most likely in the business field. She has a strong interest in marketing and public relations. Marketing and Promotional Mix Our store is a brand new store so we decided that first way to promote our store is through the community. Since our store is based in Los Angeles, we would first promote through here. A couple of weeks before our store opens up our promotion team will make fliers to post up around gyms, malls, restaurants, and other local establishments (where it is allowed). Also we will post an advertisement up in the Los Angeles Times newspaper in the business section so our local consumers can see this! Since our store is just opening we would have a promotional discount for our first week of opening. The first week of our store opening we are offering our customers a 10% off discount off on their entire purchase! We believe that this will bring in a heavy traffic in our first week and therefore word of mouth will be put into place. We definitely use the media as a great source. Asides from the local newspaper, we will have a Twitter and Facebook page for our online users. Our advertisements will pop on consumer’s emails and Facebook profile for those who have a high interest in this field. We are also putting our advertisement in local magazines such as Los Angeles Magazine, Mondo Times, and Los Angeles Confidential Magazine. Since our store is only located in Los Angeles we would like to have heavy advertising and promoting in this city. If our store is a success in this town we may expand around California and the west coast and eventually the United States. Six Month Merchandising Plan – Repot & Spreadsheet This is my six-month merchandising plan for my retail math class. This assignment was done with a group and we were to create a line along with a basic marketing and promotional mix as well as creating a target market. Along with our line, we were to create a six-month merchandising plan in a spreadsheet. Our group decided to create a line of active-wear for female in California. We also created a six-month merchandising plan of when exactly our sales would be the highest and when it would be the lowest. In this assignment, it gave us a chance to showcase our retail math skills.