Taking pants offline: Born Again Clothing's rags-to-britches tale turns from Internet.For Sale: One 7,200-square-foot industrial building in Vernon, 14,000 pieces of recycled clothing, one URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. (vintagetrends.com) with e-commerce infrastructure in place, 1 1/2 full-time employees. Asking price: undisclosed, but be prepared to pay a lot. Despite swearing swearing, in law: see oath. that he believes the Internet is emerging as the future of the vintage clothing Vintage clothing is a term for garments hailing from another era. Generally speaking, clothing older than 25 years is considered to be vintage, though opinions vary on this definition. industry, Born Again Clothing Inc. owner Derek Banton is selling the online store that sells his products. Over the last 18 months, Banton said his vintagetrends.com has had between 1,700 and 2,300 hits a day and sales of between $28,000 and $30,000 per month. That's a pretty nice revenue stream, but a mere trickle compared with Born Again's overall revenues, which he expects will hit $12 million by the June 30 close of fiscal 2004. It's no wonder Banton wants to download the Web site, said Gale Daikoku, research director with GartnerG2 in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. . Maintaining separate online and offline retail operations has already proven to be an expensive and faulty approach, he said. Retail giants such as Kmart Corp. and Wal-Mart Stores Inc. originally operated e-commerce and brick-and-mortar operations separately before bringing them under the same umbrella. The reason: virtual stores virtually double overhead. Banton acknowledged as much. "Time and money, you know. It's an investment in people," he said. "I can only split myself up so many times." The ideal situation for Banton would be to sell the whole operation with an agreement that he could supply inventory as sales progress. "I can make money and then I can supply it," Banton said. "Maybe somebody wants to invest more money into marketing it and make it bigger." Marketing would be necessary for vintagetrends.com to succeed. Banton has used search engines and pop up ads to market the site, but the URL only appears among the sponsored links in a Google search Google is owned by Google, Inc. whose mission statement is to "organize the world's information and make it universally accessible and useful". The largest search engine on the web, Google receives several hundred million queries each day through its various services. for "vintage clothes." That's a limitation for an online store in a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. that relies on people happening across it while surfing surfing, sport of gliding toward the shore on a breaking wave. Surfers originally used long, cumbersome wooden boards but now ride lightweight synthetic boards that allow a greater degree of maneuverability. for other things. "It's not like it's an Amazon or an eBay name where there's traffic already," Daikoku said. The sale of vintagetrends.com would allow him to return his focus to Born Again's core business. He and his brother, Greg, co-founded Born Again Clothing after immigrating from South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. in the late 1980s. The brothers started buying bales of used clothing and, with the help of their sister, Janice, refashioned them by sewing sewing: see needlework. on pieces of leather from a belt business they had started. Recycled clothes--hand-me-downs, essentially--have been around forever, although it has emerged as big business in recent years. Banton said some of the market has been taken by Internet auction sites. "Today everybody's wise with eBay," he said. "If they see something (valuable) they want to put it up themselves and sell it." That's why Banton thinks vintage trends.com will find a buyer and why he's willing to give it up. "I'll sell anything for a price, you know," he said, adding he's not giving the property away. "I'm not asking for cheap money." |
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