Industry analysis: Windows Wear
What industry is this firm in? Is this
Windows Wear is within the clothing industry but also has some dynamisms of the tourism sector in within its operation since is within the clothing industry but also has some dynamisms of the tourism sector in within its operation since they are
exploring the option of having a museum. The clothing and tourism industries
are some of the fastest evolving sectors not only in the United States but also
in the world. There are usually fast changing trends in the fashion and
clothing industry while there is increasing competition in the tourism sector
locally ad globally which has called for diversification and also innovations
such as the WindowsWear to stay ahead of the competition (Mak, 2003).
What are some of the key dynamics
The fundamental dynamics driving the business is the
presence of a lot of clothing previously on display that is disposed or dumped
since the shop owners cannot sell them or have no idea on what to do with them.
The fact that the business is the first of its kind is also an important
dynamic for WindowsWear. The other fundamental dynamic of the business is its
uniqueness in that it fits in more than one industry being a player in both the
clothing and the tourism industries thus increasing the scope and demographic
of its targeted market (Lu, 2015).
How is the demographics of the industry
The demographics of the industry are changing in that the
generational changes in society present new dynamics of what is perceived as
vintage for every generation (Boettcher & Gaines, 2004).
Moreover, there is an increase in the local urban tourism in the country with
more and more individuals realizing that there is still so much they can
explore the local scene hence that is an advantage of the Windowswear that may
factor in such a demographic (Cocks,
2001). Moreover, with the global and domestic economic strains,
there is a need for relatively cheaper options for the tourism sector (Aaker & McLoughlin, 2010).
It is this that is encouraging the local tourism further and the continued
seeking of opportunities for the thrill and innovative endeavors to uphold
without having to incur too much cost on traveling and all transnational
touristic related expenses (Aaker
& McLoughlin, 2010).