Innovation in the Fashion Industry

Since I was little, I always knew that I wanted to be a part of the fashion industry in some way or form. So, as I got older I decided to take on the path of becoming a fashion merchandiser. Though that path has not been easy, I knew that being a Fashion Merchandiser was a right fit. Fashion Merchandising is defined as the promotion of apparel sales and evolves the tasks necessary to deliver the clothing requests and meet the needs of designers and customers. A Fashion Merchandiser can determine future style trends and must have a strong sense of style. Understanding what people want is what makes any fashion brand successful, especially a Fashion Merchandiser. Deciding to become a Fashion Merchandiser has led me on to the right path in which

Reaching public and targeting customers is something that is acquired through marketing. Clothing and latest trends would never ever be in customers approach without the aid of fashion marketers. This is where fashion marketers are required. Their job is to transport the fashion and latest trends to the target customers. It chains the essentials of advertising, design and business administration, as well as an appreciative of the fashion world, in order to take the consideration it desires to be effective ( Bohdanowicz & Clamp, 1994). These are the people who have a keen and deep sense of upcoming traditions and they rule the market. They are the trend setters. They have know-how of current as well as future fashion trends. They are the futurists of the arena who not only identify what will be efficacious and which customer crowd will be the greatest concerned, but know how to market the clothes to these target customers. Most of the experts of this field work behind the scenes.

The continually increasing globalization in the world has linked many countries together and the borders have become inconspicuous. Many firms cooperate in a global market, which leads to an increased amount of transnational corporations acting in a global surrounding (Douglas & Wind, 1987). In the fashion industry, the business environment is especially competitive and firms have to adjust their business practices rapidly such as products and launching time of each collection on the basis of the demand of current market (Lowson, King & Hunter, 1999). Companies in the fashion industry like ZARA, Topshop and H&M have emerged a new trend — “fast fashion” that combines two main characteristics: short lead times and trendy design products (Passariello,2008 ; Rohwedder & Johnson, 2008). However, fast fashion leaves behind some issues, which are not beneficial to environmental protection and human costs. In fast fashion industries, it requires companies to complete missions in a short time, some fast fashion companies use unethical acts in order to complete producing on time which may result in environmental issue and appears unfair labour practices. In addition, Luz (2007) pointed out that globalization provided fast fashion industries a chance to produce clothes at lower prices so that they can sell clothes with a cheaper price. This result in many customers considers fast fashion clothes to be disposable. Therefore, this essay will first explain what is fast

The fashion industry is rapidly growing and constantly generating new fashion trends almost weekly. Fashion for some may seem ridiculous and unnecessary; but fashion is not just a meaningless usage of article of clothing or farcical materials sew together for coverage. There is more to fashion than meets the eyes, fashion is precious and significant. It is a reflection of self-image, it speak the ream about who we are and how we review ourselves. Not only is fashion the reflection of self-image but also the reflection of our history as Coco Channel have said, “Fashion is not something that exist in dresses only. Fashion is in the sky, in the street, fashion has to do with ideas, the way we live, what is happening.” Fashion

Teri Agins, a senior writer at the Wall Street Journal, has publications in the Journal and wrote in 1999 The End of Fashion. Agins’ book gives a true overview of the fashion industry from the origin of Haute Couture to prêt-à-porter to mass-market consumption. Her focus is on marketing and uses Armani, Ralph Lauren, Donna Karen, Marshall Fields and Gap to demonstrate “(from) class to mass, (from) elitism to democratization; (from) art to commodity.” This is perfectly showed in a paragraph from Agins

There were many tragic occurrences that happened in the 1930s, but the production of fashion would not let anything stop it from becoming more current. The 1930s was the time of the Great Depression, the economic slump that swept the nations. It set people into an economical setting where they had less money to spend on the simple necessities they needed, let alone things they wanted, like clothes. Although, the actuality that people didn’t have money didn’t stop industries from producing their work. Though some people believe fashion was changed in an unfavorable way due to the severe economical situations in the 1930s, the new variety of developing fashion companies, like Vogue, gave women a more modern look, enlightened them with ideas from different cultures, and took ideas from the world’s circumstances and made them into something new.

In this revealing and thoughtful look at clothing and consumerism, author Elizabeth Cline sets out to reform how we look at fashion and how we shop for clothing. She approached this topic with a series of anecdotes and statistics to back up her findings. I became curious about sustainability in fashion through reading this book.

While I am focused on success, I am also commercially aware of the present climate within the fashion industry. According to research from the Hong Kong Institute of Fashion Buying, China’s consumers of luxury and high fashion are between 20 and 50 years old. Due to the implicit and abstract nature of the traditional culture, there are basically no fashion marketing and management. Thus, there is an increasing need for professional fashion mangers.

Fashion is truly the most popular mode of expression, it shows the world who one is and where one would like to be. Fashion is always changing and is worn by all different classes, cultures, and stages of life. The time period’s style is reflective of major influences like pop culture, musicians, political figures, celebrities, social issues, and other numerous possible variables. One can see how a society changes and evolves just by looking at what the people wore. In the past, there have been many different fashion trends due to historical events and cultural influences that have shaped what people wore during that time period. .

There is no doubt that the Fashion Institute of Technology stands out and has so much to offer to an aspiring fashion merchandise manager. Courses such as: Advertising and promotion, the fundamentals of textiles, and product development will provide me with the knowledge base to not only run a successful business, but to be an innovative leader in the industry. FIT is notable for their exceptional faculty who are experts with real- world experiences. From its many internship possibilities to field trips, FIT’S location in the center of New York City is ideal for this industry. In addition, attending classes with students who are also fascinated in Fashion Business Management, would motivate my creativity and enrich my education. The Merchandising

Even though it may seem like the problems in the industry are above us, we, the consumers, actually created them. Lucy Siegle, a journalist and author based in the UK, was interviewed in a film, dedicated to the flaws in the fashion industry, called The True

Within a mature and highly competitive market it is more crucial than ever that clothing companies listen and respond to consumer preferences. The response should be a reposition or new product offerings, rather than a strict discounting that could drive margins to ultimate decline.

‘Fashion industry is characterised by short product life cycles, volatile and unpredictable demand, tremendous product variety, long and inflexible supply processes and a complex supply chain.’

Social and cultural changes are major determinants of emerging fashions. However, they are themselves affected by the other drivers of change that include globalization of world markets and accessibility of more sophisticated communications technologies. The latter has provided people with faster and wider access to more ideas and influences from other cultures and societies, driving demand for wider choice in fashion products.

The fashion industry too, is influenced by external forces be they social, political, economic, technological or even competitive, which