Quick & Easy Illustrations by Mai Manaloto
Becoming
a certified fashionista does not only entail knowing the latest trends or
putting pieces together. It is also about understanding the commerce in
fashion. In this discourse I am guided by Linda Welter’s best-selling textbook
The Fashion Reader - her background includes an M.A. in textiles and clothing
as well as a Ph.D. in design.
The
industry has various business levels as fashion is sold to consumers through a
variety of retail outlets. The first to be considered are department stores
which are considered as the oldest retail category dating back to its
development in the 19th century.
Malls
are also increasingly popular retail outlets, ever since their emergence after
the Second World War. Shopping has become a form of entertainment with these
large forms of concrete providing more than just opportunities to shop, but
also to dine in nice restaurants and watch the latest movie flicks in theaters.
However
designer labels established by top designers require something different such
as a high profile retail space. The location in this case is crucial because it
has to reflect the image of the designer. Usually, such stores can be found in areas
of the city considered to be trendy. It is critical that the store itself
becomes a destination to build great excitement for consumers, who are willing
to travel and shop.
Moving
to mass merchandisers, these sellers are normally described as vendors of inexpensive
clothing. Before, only basic garments were sold in these types of retail outlets.
Today, it has begun incorporating designer fashion into its product mix.
Affordable labels are tying up with top-name designers in building “limited
edition” garments or “one-time” collections as a tactic to boost sales.
But in
today’s increasingly technologically advanced world, internet retailing or
e-tailing has rapidly grown since the birth of the digital age that created new
opportunities in fashion selling. Purveyor
of high-end to off-price/discounter fashion makes use of the internet as social
networking is used by brands in fueling excitement for their products.
It is
also worth noting that some fashion retailers are vertically integrated specialty
chain stores. Meaning the brand handles everything from designing and manufacturing
the merchandise to selling them in their own outlets. This type of supply chain
streamline creates a quick lead time of bringing goods to consumers, thus explaining
why it is often described as 'quick response' or 'lean retailing'. It also
promotes a reasonable price for the end product as it removes all the cost of
having a 'middle person'.
Each
business’s levels of fashion has its own corresponding challenges as the
pressure to surpass the previous year’s performance is constantly felt. The new
age brings fast and easy means of distributing fashion information globally and
this has created a fashion forward consumer, those inclined with the newest
trends and expecting instant fashion to be provided to them.
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