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Proposal for an Online Expansion of Company a

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Submitted By skumar1902
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Proposal for an Online Expansion of Company A

By:
QRT2 E-Business (V2 GRADUATE-0413)

Introduction:

Company A is a brand name of SKG, Inc. It is a small start-up family-owned company in Houston, Texas, founded in January 2013.

Company A owns myquiltedbags.com website which was registered to conduct online retail business. The website is under construction and is yet to be launched. The projected date for its launch is September 1, 2013. The owners are starting this business with small budget. This is going to be 100% online retail business.

Products:

A handbag is an important and useful woman’s accessory which she uses to carry her essentials. It is also used express her style and make a statement.

Company A will sell niche and premier brand of cotton quilted handbags which are pretty, attractive and appealing. It intends to sell different styles of cotton quilted handbags and accessories in different colors from wallets up to travel handbags. Initially it would like to launch 22 different styles of handbags and accessories. It intends to launch new collections every few months on-line. All the styles of handbags and accessories will be designed in-house. All the products will be made in China.

Viability of Cotton Quilted Handbags in an Online Environment:

According to Global Industry Analysts, Inc. (GIA) report, dated July 15, 2012, “the US market for Handbags is projected to reach UA$9.0 billion by 2015. Though the recent bout of worldwide financial crisis stalled the high growth rate in handbags market, sales are expected to gain momentum in future backed by demographic and economic growth divers including increase in women population in age group 15-34 years, increasing demand for designer and luxury handbags……”

SKG, Inc. strongly believes that there is a huge market for quality and sleek handbags and accessories in United States.…...

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