This
week was quite the busy one! We really started the countdown for the sales
meeting in Lake Tahoe (which by the way is in 13 days), a lot of my work
consisted of looking through orders from various accounts in order to compile
what we call Newness reports. The Full Circle team will present this report to
The North Face in Lake Tahoe to track the different assortments that buyers are
choosing to put in their stores. In order to get a full perspective for this
report, we chose six specialty stores that are different from one another and
carefully analyzed their buying plans for the year; if they are buying more new
styles versus old styles or where the majority of their buys come from
depending on their specialty and customer demographics. The specialty stores
include a ski shop, a running store, an outdoors retailer, and some of our
bigger accounts that buy a large assortment from us.
When
people think The North Face, most people just assume from what they see in stores
that they only design jackets. This is exactly what I thought going into this
Co-op, that they just make outerwear. Boy was I wrong. The assortment I see
from day to day with working with the samples extends far beyond jackets,
gloves, hats, and snow pants. Basically anything you would wear when you’re
active whether hiking, skiing/snowboarding, running, or even doing yoga, The
North Face has a line for. Some of the feedback we receive from buyers is that
our line might be getting redundant but I assure you that there are many new
styles that will be in stores for Fall 14. While I work with the Fall 14
samples, I am analyzing the Fall 13 buying reports and work thoroughly with the
workbooks for each activity area we sell for. I look through each style and see
if it is new or what part of the design has changed to reinvent it for the next
season. There are at least eight workbooks that I work with; Equipment, Summit
Series, Accessories, Youth, Outdoors, Activity Inspired, Performance, and
Action Sports. These books are pretty stiff and made out of thick paper, when I
first got them I could barely flip the pages, now they are so bent and easy to
flip through that I definitely have broken them in and worked through them so
thoroughly that my fingers hurt from constantly flipping the pages. From doing
so much with the assortment that each store buys I see one common trend. Most
of the accounts don’t buy many new styles. But why is that?
Through
my analysis I have come to the conclusion that it seems to me that buyers are
scared to take risks in buying the new styles because they know that people
will buy what they are used to. For example our classic Denali jacket that
everyone wears all of the time. My observation, amongst my peers at least, is that
we buy a fleece North Face and after wearing it for a few years, we buy a new
one similar to the one we are looking to replace. This gives buyers every
reason to fear getting rid of what we are used to seeing from The North Face in
their stores and I can see why it stops them from buying a majority of new
styles. This is also a reason I think a lot of customers aren’t fully aware on
what we sell beyond jackets. So, I came
to my own conclusion that when buyers say that they think the line appears
stale, it becomes concerning because in line presentations, they see all of our
new styles but maybe they fear that their business will not do as well if
people resort to buying off of our online store if they can’t find what they
need in their local outerwear retailer. When customers resort to buying off of
our online store, it hurts their store. So why change something that isn’t
broken, right? Some retailers are growing their business and coincidently they
are buying a wider assortment of newer and older styles and the smaller stores
that aren’t growing at a more rapid pace are not yet buying the new styles and
it is our job in the upcoming season’s line presentations to get them more
confortable and confident in our brand.
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