Question

what are key success factors in the market for specialty retialors?   

Answer 1

The key success factors in the market for specialty retailors are:

• Price
• Quality
• Trends
• Brand loyalty

For e.g. Tommy Hilfiger Inc is an american company succeeding and outdoing their competition. In terms of quality & price they are known for producing high quality products with low & competitive priced items. Also they are able to predict the trends as per the requirement which makes them highly competitive and increase the sales.

There employees make customers feel comfortable which makes the customers shopping experience enjoyable. Last key success factor is Branch Loyalty as Tommy Hilfiger has done well in creating the brand loyalty in customers. Since it is incorporated they have produced quality products and never compromised on the quality. Customers recognize this and becomes loyal to shopping here.