ing in the latest trends in men’s clothing. Of course traditional styles will be available as well. We will have stylish clothes for the professional and non-professional career man, as well as styles more suited for social and leisure activities. We have projected an adequate start-up cost list and compared it to Fred and Barnie’s financial resources. We have over-estimated the costs to count for unforeseen costs that are associated with starting a new business. Use of Funds Source of Funds Land and building(lease) Personal savings, bank loanInventory Personal savings, manufacturer creditFixtures(shelves, carpeting, signs) Personal savingsEquipment(cash register, computer) Manufacturer creditPersonnel(sales, floor) Sales revenues, personal savingsPromotion personal savings, Sales revenuesMiscellaneous(credit sales, repayment) Bank loan, personal savingsIndustry EnvironmentSalesApparel sales in the United States rose modestly in 2000 to $182 billion, compared to $180 billion the previous year. The 2 percent increase in apparel sales was a decline from the 4 percent growth reported last year. While still a small percentage of total apparel sales, Internet apparel sales showed double-digit growth."Last year was a difficult year for the retail environment," said Kim Blanck, NPD Fashionworld account executive. "The slowing U.S. economy took a toll on the results of most retailers and kept a tight lid on earnings growth. Collectively, many different segments of the market posted either slim growth or no growth at all," Blanck added. Despite these statements, statistics show the clothing retail market to be increasing year j. More specifically, men...
