Miss & Mrs. manufactures clothing for low and middle income women. Owned by two sisters, the company employs largely family members or individuals known by the family. It has been able to avoid workforce diversification issues that plague other companies in this industry, and has also established a strong reputation for quality service and quality products.
The company operates a retail store in addition to its manufacturing facility, and also has a catalog from which wholesalers can select purchases. Already profitable before reaching the five-year mark, Miss & Mrs. provides a good example of how a family run business can operate.
However, the company is subject to the economic pressures of the environment in which it operates, and it also must cope with the issues that hiring workers from the outside would bring. Currently, the company is seeking ways to expand its market share, and is considering both expanding its product line and acquiring a competitor to increase its market share. In addition, the company is planning to implement a computerized inventory and financial system to help it have better control of this information and to eliminate the need for an outside bookkeeping service.
Miss & Mrs. is a company specializing in low-priced clothing for women which was started in August 1992 by two sisters, Yun Hui Kim (president) and Claudia Kang. The company is located in Los Angeles, with a factory in downtown Los Angeles that opened in August 1992 and a stores at the San Pedro mart which opened later. The company manufactures low-cost women's clothing, such as jersey sets (pants with matching oversized blouses), denim vests and skirts, and similar items, and follows a low-price marketing strategy. Miss & Mrs. has done well to this point, and the company is looking forward to further expansion.
Miss & Mrs. employs 13 workers; 10 work at the factory and three at the store. The owners commute between the two loc...