For prospective franchisees looking to diversify their business portfolio, investing in a retail clothing franchise like Apricot Lane is the perfect career move. The retail clothing industry is stronger than ever, and projected to grow exponentially in the coming years. Investing in an established, successful brand with a proven track record of success is an even savvier move, as the franchisee can avoid the pitfalls that commonly plague new, independent business owners. The other great thing about a retail clothing franchise is that prior industry experience isn’t required. While candidates with a background in fashion may have an advantage, if you’re a business-minded, motivated professional who values independence and low overhead, you’re already prepared to get started in our industry.
One of the first questions a prospective franchisee should be asking is: Am I entering a thriving industry, with plenty of room for growth and profitability? Luckily, the clothing industry is among the strongest and most consistent. In 2013 women’s apparel sales were $116.4 billion, and the industry as a whole is expected to grow by as much as 17.2% by 2020.
Apricot Lane is uniquely placed in the quickly expanding niche of fast fashion. While the fashion industry as a whole has seen significant growth, the fast fashion industry, in particular, has grown 21% over the past three years, and is expected to grow an additional 5.91% per year for the next three. One of the tenants of fast fashion, on which we pride ourselves, is maintaining an ever-rotating and current selection of unique apparel.
Boutique fast fashion retailers like Apricot Lane fill a lucrative gap in the market. We understand that consumers don’t want to wait for seasonal collections; they want the hottest clothes as soon as they appear on the runway. So it’s no surprise that our space is growing at an incredible clip, especially compared to the luxury market. Prospective franchisees should always look to enter an industry at its peak, when opportunities are plentiful, which makes this the perfect time to invest in a fast fashion retail clothing franchise.
An Established Retail Clothing Franchise Brand
If you’re looking to expand your investment portfolio, you don’t have time to build a business from scratch or deal with all the obstacles that come with crafting a new brand. With Apricot Lane, we’ve taken care of that for you. Our turnkey retail clothing franchises are designed to make the franchise process as seamless as possible. We have been ranked on Entrepreneur Magazine’s list of Top 500 Franchises every year from 2009 to 2017, and have enjoyed worldwide brand exposure with successful locations in two major international airports.
We have enjoyed 23 years of success in the fast fashion industry, which we attribute to close partnership with our franchisees. When you franchise with us, you’re not going it alone. We provide a smooth, informative educational and training process, including support from our franchise team, use of our brand name, and access to buyers and our in-house marketing team. Giving you all the tools to succeed is one of the cornerstones of our franchise model.
A Next Step in Your Career
Already own your own business or franchise and are looking to expand your portfolio? We always welcome those with experience. If you’ve had a career in corporate retail, or have ever worked at a large fashion company, you know your freedom can be limited. Owning your own retail clothing franchise will allow you more control over your own inventory, and give you the freedom to create unique displays and prioritize items that speak to you.