Coldwater Creek Canada opens first in Saskatoon!
Products Women’s apparel, accessories and gift items Elegant casual clothes with above average quality Stylish and classic accessories that enhance clothing line Unique gift items reflecting nature and holiday seasons
Mission Statement To be the leader in specialty retailers for women in Saskatoon by offering a striking merchandise choice with superior customer service
Location – University Heights Area developed for new retail and commercial outlets. Lease of approximately 4000 square feet Surrounded by residential neighbourhoods that form our target market Trading Area population of 400,000
Target Market -Women whose household income is greater than $70,000 -Mostly women over the age of 35 -Currently underserved with no existing store targeted towards this demographic offering both quality and a shopping experience
Promotion Billboards -60 days prior to opening to create interest Radio – one week prior to opening, on site radio promotion during opening, on going radio ads. Flyers – Flyer week of grand opening and continue with 8 flyer drops per year. In Store events – 4 key seasonal sales events per year coinciding with Mother’s Day, Christmas, Easter and Valentines Day. Magazine ads – national campaigns done by Corporate in women’s magazines Customer Contacts – Software used to gather customer information to send out s for sales, store events and new products. Personal Selling – highly trained Sales Associates focused on exceptional customer service
Competitive Advantage New brand not previously available by retail outlet in Canada The consistent high quality, specialized merchandise surpasses what is currently offered Dedication to our customer service provides a shopping experience that some of our competitors do not have ( Winners) Combination of products, service and overall value that the target market wants but is not being offered
Revenue Targets $371/sq ft 2009 sales in flattened US economy $472/sq ft in a vibrant economy is our goal $260/sq ft is the break even Estimated $72 million/year spent on clothing by this group of customers in Saskatoon Expected market share of 2.7%
Capital Financing Plan
Projected Sales and Income
Coldwater Creek Canada Darlene Parsons Sheila Head A New Shopping Experience In Saskatoon