Business Plan Project: LUME Active
The Ask
To create a comprehensive and professionally branded business plan for a new fashion retail company, in response to a hypothetical city-wide initiative in Richmond offering $100,000 in seed funding to the most compelling retail concept. Working in a team of three over the course of a semester, we were challenged to apply both quantitative and qualitative skills developed through our Fashion Merchandising coursework.
This included not only sound financials and feasibility, but also creativity in brainstorming ideas and a clear vision for launching in 2026. Each section of the plan was refined through feedback, and our final submission reflected a balance of data-driven decision-making and innovative retail strategy.
The Class
FASH-445: Fashion Entrepreneurship
SKILLS
Trend & Market Research
Strategic Marketing
Brand Development
Team Collaboration
Industry Analysis
Independent Thinking
Professional Writing
Meet The Team
OUR BUSINESS PLAN
Lume Active is a niche athletic retail boutique that aims to celebrate individual stories and active lifestyles by offering high-quality, sustainable athletic wear that empowers our customers to move with confidence, purpose, and style. In the simulation, the brand was founded by Tori Woodward, Olivia Canderelli, and Yasmin Gaugau. Tori is an experienced stylist with a strength in buying and trends forecasting, Olivia is merchandising professional with strengths in marketing and business strategy, and Yasmin is experienced in administrative and legal realms with strengths in logistics and customer service. Lume Active’s customer is between the ages of 25 and 45, and values a holistic, sustainable lifestyle driven by individuality and authenticity.
Total projected Gross Profit is 52.3%, or $338,783 with a projected Net Profit of 33.6%, or $217,640. The brand embodies a soothing sense of balance, emotionally sensual and emphasizing freedom. Lume Active strives to embrace sustainability and circularity, with multiple awareness programs at the helm of the company’s progress.