Be careful what you wish for!
I am a sales person for a large manufacturer's rep agency so I have some experience with large retailers. First of all, expect a huge decrease in your profit margin because the "Big Guys" are in the driver's seat as far as pricing goes. Most don't hesitate to go overseas to get the cheapest pricing, making it very tough for the small vendors to compete. Also expect to change the way you do business because they will call all of the shots. They'll be very specific about how things are packaged, labeled, billed and shipped. I have seen more than a few smaller manufacturers go out of business by trying to enter the market with a national retailer.
The conversation could go something like this:
National Retaler:
We like your designs. Now you'll have to package them like this. You'll have to label them like this. The cartons that are shipped will have to meet this standard - including bar coding. Your invoices will have to be compatible with our standards - If not, we won't pay. You'll have to live with our "just in time" inventory policy meaning you'll have to ship within 48 hours of our order. Oh, and by the way - you'll have to bear the cost of shipping. We pay our invoices in about 120 days (sometimes longer). You'll have to take returns at your cost - for any reason. And, by the way, here is what we'll pay for your shirts - figure it being half of what you think you might want to charge.
Sorry I can't paint a very rosey picture. There are some great success stories in retailing but for every success story, there are probably 100 disasters.
I am a sales person for a large manufacturer's rep agency so I have some experience with large retailers. First of all, expect a huge decrease in your profit margin because the "Big Guys" are in the driver's seat as far as pricing goes. Most don't hesitate to go overseas to get the cheapest pricing, making it very tough for the small vendors to compete. Also expect to change the way you do business because they will call all of the shots. They'll be very specific about how things are packaged, labeled, billed and shipped. I have seen more than a few smaller manufacturers go out of business by trying to enter the market with a national retailer.
The conversation could go something like this:
National Retaler:
We like your designs. Now you'll have to package them like this. You'll have to label them like this. The cartons that are shipped will have to meet this standard - including bar coding. Your invoices will have to be compatible with our standards - If not, we won't pay. You'll have to live with our "just in time" inventory policy meaning you'll have to ship within 48 hours of our order. Oh, and by the way - you'll have to bear the cost of shipping. We pay our invoices in about 120 days (sometimes longer). You'll have to take returns at your cost - for any reason. And, by the way, here is what we'll pay for your shirts - figure it being half of what you think you might want to charge.
Sorry I can't paint a very rosey picture. There are some great success stories in retailing but for every success story, there are probably 100 disasters.