Fashion: Fashion Is Considered Something That Is In. It Is A Popular Aesthetic Expression at A Particular Time and in A Specific Context
Fashion: Fashion Is Considered Something That Is In. It Is A Popular Aesthetic Expression at A Particular Time and in A Specific Context
Fashion: Fashion Is Considered Something That Is In. It Is A Popular Aesthetic Expression at A Particular Time and in A Specific Context
Style.
Acceptance.
Taste.
Change.
Forecasting:
Global career that focuses on upcoming trends. Process of making predictions of the future
based on past and present data and analysis of trends.
FASHION FORECASTING:
Foreseeing fashion trends and predicting those trends early enough to allow time for pr
oduction to meet the consumer demand.
Focuses on upcoming trends.
The textile segment leads in recognizing fashion directions because of the time required
for textile design and development.
Textile designers work at least 18 months ahead of the schedule for products to hit the
market.
Basic steps:
The fashion forecasting process includes the:
Coincidence?
Collaboration?
In Fashion Forecasting Trends are profits waiting to happen
Constant vigilance.
Monitoring current trends & projecting forward.
Observing evolution of trends.
Detecting shifts in attitudes & mindsets.
Spotting looks or lifestyles than run against the norm.
IMPORTANCE OF FORECASTINg:
Accurate forecasting makes it possible for the fashion industry segments to prepare for
and meet consumer demand with products that will be accepted and purchased.
Keen worldwide competition increases the importance of accurate trend identification.
Fashion fORECASTING INVOLVes:
Fashion designers.
Fashion merchandisers.
• Yarn colors or swatches are sent to designers and merchandisers to plan their color
stories and purchase fabrics.
Long term forecasting:
Long-term forecasting is the process of analyzing and evaluating trends that can be
identified by scanning a variety of sources for information.
It is a fashion which lasts over two years.
Long-term forecasting seeks to identify:
• major changes in international and domestic demographics.
• shifts in the fashion industry along with market structures, consumer expectations.
• values, and impulsion to buy.
• new developments in technology and science.
• shifts in the economic, political, and cultural alliances between certain countries.
There are many specialized marketing consultants that focus on long-term forecasting
and attend trade shows and other events that notify the industry on what is to come.
Short term forecasting:
Short-term forecasting focuses on current events both domestically and internationally as
well as pop culture in order to identify possible trends that can be communicated to the
customer through the seasonal color palette, fabric, and silhouette stories.
It gives fashion a modern twist to a classic look that intrigues our eyes.
Some important areas to follow when scanning the environment are:
• current events.
• art.
• sports.
• science.
• technology.
Short-term forecasting can also be considered fad forecasting.
color services:
Fashion and textile industry professionals who meet twice a year to pool their knowledge of
color cycles and preferences and to project color trends for the future.
Examples of color services:
Each retailer's trend forecasting varies and is mainly dependent upon whether the
company is a wholesale brand or private label developer. "Every season, there are
hundreds of designers showing breathtaking collections that the average consumer will
never see.
What does matter is who sees them—the in- house designers and buyers at fast fashion
retailers, people who are paying close attention, identifying and predicting which styles,
patterns and cuts will appeal to the average woman.
Larger companies such as Forever 21 have their own trend departments where they
follow the styles, fabrics, and colors for the upcoming seasons.
This can also be referred to as vertical integration.
A company with its own trend department has a better advantage than those who do
not because its developers are able to work together to create a unified look for their
sales floor.
Each seasonal collection offered by a product developer is the result of trend research
focused on the target market it has defined for itself.
A merchandiser also plays a key role in the direction of upcoming trends.
Different from developers, merchandisers have much more experience in buying and
are knowledgeable in what consumers will be looking for.
PROCESS:
ACTIVITIES:
Trade publications:
Magazines newspapers, and books about and for a specific industry.
Examples: WWD and DNRDNR.
Consumer publications
Magazines that provide fashion news for the consumer.
Examples: Teen, Vogue, Glamour.
INFLUENCE:
Trend forecasters are influenced by:
Ethnographic research.
Market research.
Art & culture.
Economy.
Society.
Environment.
Technology.
Globalization.
31. Ethnographic research - ethnography- the study of every day life & practice
Ethnographic research helps brands: understand how their demographic is changing
Identify new customers Enable brand strategies to remain aligned with their philosophy
32. THANK YOU
Trend forecasting:
In fashion, it acts as an important tool to decide the upcoming trends which would
influence the brand's business and purchasing power of consumers.
A fashion forecaster predicts the:
Colors.
Fabrics.
Textures.
Materials.
Prints.
Graphics.
beauty/grooming.
Accessories.
Footwear.
street style. And other styles that will be presented on the runway and in the stores for
the upcoming seasons.