![]() > RELATED: How to Start a Clothing Storeīelow are nine ways your small business can succeed in the clothing retail market: 1. Before embarking on this business, it is better to gain experience and expertise in the industry, even take training courses to give you the technical know-how of retailing. ![]() Most retail stores, particularly small businesses, perish because of poor management, tough competition from department and discount stores and poor evaluation of fashion trends. ![]() The industry is very competitive, and studies show that 80 percent of retail clothing businesses fail within the first five years. The business may appear glamorous, but you must be willing to work long hours and be on your toes to adapt to every little change in the market. The clothing retail business requires that you enjoy meeting people, be skilled in the art of maintaining customers, have a knack for choosing the clothes that people will actually buy, and possess a huge dose of fashion sense. Success in the clothing retail industry depends in large part to your knowledge of retail operations, and the suitability of your skills and personality to the business ![]()
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