https://padlet.com/cumorteh/ybgrzufs7vdj en-us 2016-06-26 15:29:17 UTC 2016-08-03 10:04:16 UTC hello@padlet.com cumorteh https://padlet.com/cumorteh/ybgrzufs7vdj/wish/115453189 Because of the high rent being asked, raoul has decided to close its branding in singapore and invest in making the branding more popular and well know in the states and europe by being a wholesaler and supplying clothes to retailers. ]]> 2016-06-26 15:36:23 UTC https://padlet.com/cumorteh/ybgrzufs7vdj/wish/115453189 cumorteh https://padlet.com/cumorteh/ybgrzufs7vdj/wish/115453342 Talks about how companies tries to develop local talent to become revolutionize and uphold it. It also emphasize about the importance of this local talents on how it affects singapore's economy and how this local brands were popular in the past and its not unappreciated. ]]> 2016-06-26 15:42:26 UTC https://padlet.com/cumorteh/ybgrzufs7vdj/wish/115453342 gry2 https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116101905 Ok, looks good.
Can start analysing the demand and supply factors that are affecting this market and also the price and income elasticity of demand factors for this market.]]> 2016-07-08 07:35:19 UTC https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116101905 https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116545984 Due to the factor of the increased competition in the retail market, Raoul could not afford to pay the high rents for the outlet in singapore, hence this put pressure on the costs of supplying clothes to the singapore outlet. As a result, the outlet has to be closed down.

Raoul's products is price elastic because it has other retail stores to depend to on the sales even after shutting down the outlet in singapore.]]> 2016-07-18 07:15:38 UTC https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116545984 https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116546469 This reason why the happening in the market is because the change in  tastes and preferences of singaporeans. Singaporeans used to support local brands however now the support has changed to international brands. 
Hence the demand for local brands decrease.
another reason for the change is the number of buyers in the market has decreased. With international brands such as Zalora and Actually introduced, consumers no longer want to buy local brands so the demand for the local brands have decreased.

This market is price elastic because over the course of the time period, singaporeans changed their preference from local products to international products.]]> 2016-07-18 07:34:50 UTC https://padlet.com/cumorteh/ybgrzufs7vdj/wish/116546469 https://padlet.com/cumorteh/ybgrzufs7vdj/wish/117282717 This article talks about the reasons for the downfall of the fashion industry. It addresses the issues faced and also provides a plausible solution that designers can attempt to break the decreasing demand of local designer products in singapore

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