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Fashion Forecasting
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Fashion Forecasting Foreseeing fashion trends and predicting those trends early enough to meet customers demands.
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Forecasting Makes it possible for fashion industry to prepare and meet consumer demand.
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Fashion Trends New Style Big Sunglasses Leggings Big Necklaces
Big Earrings Polka Dots Pearls Skinny Jeans Straight Jeans Headbands Belts
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TRENDS The direction of movement of public acceptance of color, texture, and silhouette in fashion.
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Fashion Services Resources for fashion reporting, forecasting, and consulting that are available for a fee by subscription. “A fashion that does not reach the streets is not a fashion”-Coco Chanel
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Fashion Services
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Color Services The Color Box The Color Market Pantone Inc.
The Coloring Group Huepoint Color Portfolio Inc.
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RESEARCH Consumer research Market research Sales research
Comparison research
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Consumer Research Surveys by telephone or mail to determine income levels, lifestyles, fashion preferences, and shopping habits Consumer focus groups In-store informal interviewing to assess what customers like and dislike
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Market Research Study of market conditions (economy)
Observation of consumer lifestyles Study of current events, the arts, and the mood of the public
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Sales Research Evaluation of previous records to recognize sales trends Rising sales identify developing trends Declining sales show what fashions have passed their peak. Weak sales indicate fashions that are not meeting consumer demand
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Comparison Research Visits to the businesses of one’s competitors to compare merchandise selections, prices, and other factors related to competition. Evaluation of currently popular designer collections Review of fashion publications, catalogs, websites Observation of “street” fashions and celebrity wardrobes
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Trade Publications Magazines, newspapers, and books that relate current information about and for a specific industry. Examples, Women’s Wear Daily (WWD)
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Consumer Publications
Magazines that provide fashion news and information for the consumer. Examples: Seventeen, Vogue, and GQ.
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The End
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