What are innovations for clothing companies to grow revenue

What are innovations for clothing companies to grow revenue? (For Forever 21, H&M, Zara)

Solution

Innovation is something which posses new method, product, idea. Retail giants like Zara, H&H need not invent new brand product insted they should bring innovation in the process. The only thing dominating in this world is process innovation.

There are three rules to grow revenue in a fashion industry

1. Produce clothes what people want to and like to wear. The clothes can be according to culture of different country. For eg. Indians like to wear saree hence they can sell the designer saree.

2. Sell clothes more than the comapny make. People now a days want to have different varieties of clothes. They need options hence giving them the variety will increase the brand awareness and revenue.

3. Produce it again and agin. the company should not go stockout. They still have to keep producing clothes again and again.

4. Choose Internet business to sell clothes. Now a days e-commerce is booming and the people can buy clothes from e-commerce just like home shopping.