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Challenges and Opportunities for the Success of Saudi Fashion Brands According to the Business Model Canvas

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Last updated: 04 Jan 2025

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Tags

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Abstract

Local fashion brands are part of the Small and medium enterprises sector, which is regarded as an important driver of economic growth. Towards Saudi Arabia's Vision 2030 for economic development and diversification. However, local fashion brands in Saudi Arabia face numerous challenges hindering their growth, continuity, success, and popularity among consumers in the local market compared to global fashion brands. Therefore, this study aims to discover the challenges and opportunities that influence the success of local Saudi fashion brands that align with global fashion trends according to the business model canvas and its nine components that fall under the four basic areas of business: customers, display, infrastructure, and financial viability. Additionally, to identify other challenges and opportunities beyond the business model canvas, The study follows a descriptive-analytical methodology in which ten Saudi Arabian owners of local fashion brands have been interviewed to learn about the challenges and opportunities they have experienced in this field. Following that a qualitative analysis of the gathered information from the interviews was carried out, followed by summarization and comparison of the findings with existing literature. The results indicated that most significant challenges were related to primary resources (e.g. materials and fabrics) and human resources (e.g. tailors and employee), along with challenges concerning key partnerships with factories and concept stores, Financial capability challenges: balancing revenues, costs, and profits, Additionally, there was a lack of scientific and practical expertise in the business of fashion industry. While opportunities were identified in: using the business model Canvas can contribute to saving time, effort, and money when building a fashion brand, And Identifying the target customer segments precisely and providing specialized value that fulfills their demands, along with maintaining relationships with customers over time, all of these factors can significantly contribute to building the brand and effectively impacting projects continuity. The study recommends the industry's entrepreneurs to explore and adopt while building a fashion brand the business model and its components to facilities the establishment of a successful business. Additionally, it suggests exploring available opportunities in this field, considering challenges, and attempting to find alternative solutions to address them.

DOI

10.21608/idj.2024.338394

Keywords

Local Fashion brands, Business, challenges, Opportunities

Authors

First Name

Shahad

Last Name

Maghrabi

MiddleName

Fahad

Affiliation

Graduate Student, College of Human Sciences and Design, Fashion Design, King Abdulaziz University Saudi Arabia, Shahad.magh@gmail.com

Email

shahad.magh@gmail.com

City

-

Orcid

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First Name

Taghreed

Last Name

Abalkail

MiddleName

Saleh

Affiliation

College of Human Sciences and Design, Fashion Design- King Abdulaziz University, Saudi Arabia , Tabaalkeel@kau.edu.sa

Email

tabaalkeel@kau.edu.sa

City

-

Orcid

-

Volume

14

Article Issue

2

Related Issue

43339

Issue Date

2024-03-01

Receive Date

2024-11-25

Publish Date

2024-03-01

Page Start

141

Page End

158

Print ISSN

2090-9632

Online ISSN

2090-9640

Link

https://idj.journals.ekb.eg/article_338394.html

Detail API

https://idj.journals.ekb.eg/service?article_code=338394

Order

11

Type

Original Article

Type Code

1,217

Publication Type

Journal

Publication Title

International Design Journal

Publication Link

https://idj.journals.ekb.eg/

MainTitle

Challenges and Opportunities for the Success of Saudi Fashion Brands According to the Business Model Canvas

Details

Type

Article

Created At

25 Dec 2024