Question: CAN YOU ANSWER THE TWO QUESTION ASAP PLEASE Buying wedding dresses online: More brides are leaving physical stores at the altar. As a bride to

CAN YOU ANSWER THE TWO QUESTION ASAP PLEASE

Buying wedding dresses online: More brides are leaving physical stores at the altar.

As a bride to be, Mary Thornally was dreading the experience of shopping for a wedding dress and, ultimately, paying an exorbitant price. My sister and I had planned to go look around at stores, but then the whole thought of it was really daunting to me, said Thornally, a stay-at-home mom and San Francisco Bay Area resident, feeling "overwhelmed" by the thought of trying on dresses in person and making a decision on the spot.

With gowns and alterations averaging $1,509 per bride in 2017, according to wedding site TheKnot.com, Thornally said she needed a practical alternative because she is drowning in student loan debt and trying to avoid unnecessary expenses. She worked to keep costs down, for instance, by buying her bouquet at Safeway and having her sister serve as photographer.

She also decided to buy her wedding dress on the internet, joining a wave of brides who are shopping online for a product long dominated by specialty stores and boutique shops. Online retail, social media, personalized fashion trends, alternative choices and declining marriage rates collectively pose a serious threat to brick-and-mortar wedding retailers.

Thornally ended up buying her dress for her late-August wedding for about $180 and getting it tailored for $160. And she was thrilled with the quality. All in all, I think $340 is incredibly cheap, she said.

As more customers like Thornally embrace online alternatives, average gown prices are falling, and physical stores are struggling to adapt:

David's Bridal, once known for the tight grip it held on the wedding business, is facing serious financial challenges and recently declared bankruptcy. Davids Bridal still sells about one in three U.S. wedding dresses through its more than 300 stores and website, with estimated annual retail revenue of $791 million, according to market research firm IBISWorld. But the company recently hired restructuring adviser Evercore to evaluate its options amid what S&P Global Ratings called weak operating performance and weak liquidity.

The Gap cut its Weddington Way brand, which primarily sold bridesmaid dresses at Banana Republic locations, in 2017 and J. Crew ended its bridal-wear line in fall 2016.

Many mom-and-pop shops and other wedding retailers have gone out of business, including Alfred Angelo Bridal, which abruptly closed its about 60 stores in a 2017 liquidation that left many brides scrambling to get dresses.

Another problem for traditional wedding dress sellers: Renting a gown is now just as easy as buying and less expensive.

To be sure, wedding retailers often make money on other products, such as high school prom dresses or wedding accessories. But they live and die on the bridal gown business, which makes up about 43 percent of the wedding retail industrys revenue, according to IBISWorld.

The trend of Americans waiting longer to get married, or deciding not to altogether, isn't helping. The number of new marriages per 1,000 Americans was 6.9 in 2016, down from 8.2 in 2000, representing decline of about 16 percent in the wedding rate, according to the U.S. government.

With upstart online retailers offering lower prices and customized dresses, brides aren't abandoning traditional gowns altogether. But the days of wedding dresses coming in a limited number of shapes, sizes and prices from a select group of stores are coming to an end. That might be good news for consumers seeking deals and choices. The average price paid for a wedding dress fell 3.5 percent from 2016 to 2017, according to TheKnot.

But physical retailers often cant afford to stock a wide mix of choices yet must continue paying steep real estate costs and invest in costly digital systems.

The number of weddings has gone down over the last few years, but then theres also a trend of brides spending less on their wedding gowns, said Mathew Christy, S&P Global Ratings analyst who studies Davids Bridal. A shopper can go online and do a price comparison between a number of different, similar adjacent products.

In the pursuit of deals, customized dresses and convenience is fueling an online surge that many physical retailers arent well equipped to counteract much like department stores Sears and J.C. Penney have struggled to adapt to the digital age.

The internet, including social media outlets such as Pinterest, has usurped other sources as the primary method of wedding planning. About 92 percent used smartphones to plan their wedding in 2017, up from 42 percent in 2014, according to TheKnot.

Former Apple supply chain guru Leslie Voorhees co-founded online custom-wedding dress seller Anomalie in 2016 after experiencing a pretty painful in-person dress-shopping experience and outrageous prices when she was engaged to her now-husband and co-founder, Calley Means. Its crazy to have to pay thousands of dollars for a brand that you havent even heard of, for a dress that youre only going to be wearing for one day, she said.

Anomalie provides brides with the option to customize their dresses and choose from a wide range of sizes that are often difficult to find in physical stores. Voorhees, who has hired multiple former Davids Bridal employees to join her team at Anomalie, said Davids Bridal has an amazing supply chain and operational ability, but their process is antiquated.

Women are understanding that there has to be a better way, she said.

The customization trend is especially problematic for traditional wedding stores, which cant necessarily afford to stock a wide range of dresses. Put simply, brides increasingly want a personal touch to their dresses. It can take the form of embroidery, a touch of color, special pockets or neck line adjustments. Women still do love the traditional bridal silhouettes and colors but want to put their spin on it, especially given the trends of customization in other areas of shopping, Voorhees said. We can really incorporate personal touches that makes the dress special.

1. The business environment includes forces that can either help or harm a business. Discuss the major forces that impacting the wedding industry based on the article. Make sure to identify the category of each force in your answer (e.g. economic, cultural, technological, etc.)

2. Play the role of a futurist, and predict how the industry will continue to change in the next ten years.

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