Module 1
Module 1
Presented by
Prof.S.Vinusowndarya
Assistant Professor Jr
VIT Fashion Institute of Technology
Chennai.
03-12-2018
1.INTRODUCTION TO FASHION MARKETING
CHAPTER : 1
Introduction to fashion marketing
Marketing definition
Market sector
Fashion marketing in practice
Fashion marketing for fashion industry
Issues in fashion marketing
Overview of fashion marketing process
Source : Emma Watson in Net-a-porter
The Marketing Concept
Identify
customers
Example:
• The level of design can vary considerably from a basic item such as a T-
shirt to the artistic creations.
• Fashion is fast-paced concept, when one day you’re in and another day out. With our globalised world and
many new opportunities, young entrepreneurs and fashion graduates rush to establish new labels without
market research and development of a brand identity.
• Therefore, only one out of ten new fashion start-ups survive, leaving them on shaky grounds, and eventually,
they get crushed by much stronger and bigger brands. Clothing labels need to deliver more than just the
products, and this is where branding steps in.
• Branding will help the label to differentiate itself from other labels alike and make it easier for a customer to
recognise what is the brand message, values and to whom it should appeal.
• Branded products and services have added value, which have been deliberately designed for customers for
recognition, association, opportunities and meaningfulness
• Consumers like brands, because they help people to identify their preferred products, reduce the amount of
time spent making decisions, reduce levels of perceived risk and improve the quality of shopping experience
“Marketing is a social and managerial process by which individuals and groups (organizations)
obtain what they need and want through creating and exchanging value with others”
- By Philip Kotler.
Source : blog.hubspot.com/marketing
FASHION MARKETING
• “Running a successful fashion label requires around 90 percent business acumen and only about 10
percent artistic ability”
• To work in the industry you need to be ambitious, self-motivated, creative, energetic and passionate
about fashion and possess working knowledge about marketing and business.
How Fashion Is Marketed?
Marketing is a series of activities that fashion businesses undertake so that customers will buy products
from them instead of their competitors. It is the process of developing, promoting, and distributing
products to satisfy customers’ needs and wants
Marketing Concept?
To market effectively, fashion marketers follow the principles of the marketing concept. It is the idea that
businesses must satisfy customer needs and wants in order to make a profit
2. Product Concept: The idea is that consumers will favor products that offer the most quality, performance,
and features and that the organization should therefore devote its energy to making continuous product
improvements.
3. Selling Concept: The idea is that consumers will not buy enough of the form’s products unless it undertakes
a large-scale selling and promotional effort. This is the concept normally which comes to our mind when we
talk of marketing. But beyond a point it cannot market a product because consumers don’t buy a product
because marketers are offering a product. They will buy only when there is a need and a suitable product and
other mix are also offered. Hence the need for an effective, practical approach is needed, which necessitated
the next concept.
4. Marketing Concept: The marketing management philosophy is that achieving organizational goals depends
on knowing the needs and wants of target markets and delivering the desired satisfactions better than
competitors do.
Source : www.brandinglosangeles.com/4-tips-fashion-marketing-trends-2018
FASHION MARKETING IN PRACTICE
• Within the fashion industry there is enormous variation in the size and structure of businesses
serving the needs of customers. From a small business comprising a self-employed knitwear designer
to major multinational corporations such as Liz Claiborne or Zara, diversity remains a key feature.
• With legislative changes and expansion of the EU, the gradual removal of trade barriers on a global
scale and the growth of the Internet, the fashion industry is increasingly a global business.
• This implies considerable variation in the cultural, social and economic perspective of the
participants. The consequence of these variations in size, experience and perspective is that the
practice of fashion marketing is not uniform at a national level, let alone at an international one.
• Design students were traditionally taught to approach problems as though there were no constraints
on time or cost so that creativity might flourish. The assumption of much of this training was that
creativity flourishes when there is freedom from structural factors.
• Marketers are taught to be systematic and analytical in approaching problems. The foundation of a lot
of marketing involves the setting of objectives and quantifying inputs and outputs, such as advertising
expenditure and market share.
• Good designers and marketing personnel both recognize the need for thorough preparation and the
exercise of professional skill, both understand the importance of communication, although with
differing emphasis on the visual and process components, and both tend to be in agreement about
the functional aspects of clothing, such as whether a garment is waterproof or machine washable.
• Two views of fashion marketing can be labelled as design centered and marketing centered.
• There is another way to view the relationship between marketing and design, and this is termed the
fashion marketing concept.
• Fashion design only requires sufficient promotion to succeed is a view applicable to a very limited
number of businesses – usually those producing expensive garments for an elite market.
• The alternative view of fashion design as a function of marketing research fails to recognize either that
many people do not know what they will like until presented with choices, or that their preferences
change over time.
• For example, many who profess to hate a design seen on the catwalk may later come to like it when they
try the garment themselves or realize that others have signaled acceptance. Good fashion design can
challenge conventional views.
• The fashion marketing concept attempts to embrace the positive aspects of high concern for design,
customers and profit by recognizing the interdependence of marketing and design.
WHAT FASHION MARKETERS DO?
A fashion marketing manager wears many hats. What might a fashion marketer do on a day-
to-day basis?
• Market research and media planning, as well as branding, product display, ad creative,
and photography all fall under the purview of fashion marketing. Fashion marketers may
also be involved with public relations.
Fashion marketers are charged with creating the story behind the brand so that customers can relate personally
and see themselves wearing the designs. Logos, copy, and imagery all need to stay in line with the image and
lifestyle that a fashion brand represents and create a personal connection with target customers. A design
manager may be concerned with producing a range of shirts for a major retailer. The shirts must co-ordinate with
other garments such as jackets, trousers and ties, all of which may be provided by other manufacturers. The
design manager must collect and pass on information to ensure that designers are adequately briefed. Later the
manager will be required to sell the designs at a presentation to the retailer, usually in the face of fierce
competition. The design manager’s knowledge of the retailer’s customers and an awareness of his or her own
company costs will enable an effective marketing function.
• Fashion promotion:
A manufacturer of corporate workwear may have produced a range of clothes suitable for staff working in small
independent restaurants. After careful research and planning the manufacturer may decide that a brochure is needed as
part of the promotional effort. The brief to be given to the person preparing visual and textual material for the brochure will
include an estimate of the number of brochures needed and a list of addresses – essential fashion marketing tasks.
Fashion marketers use their creativity alongside market research to create compelling advertisements that resonate with
their target audiences. They also manage media planning to determine the scheduled distribution of advertisements. This
may include advertisements in newspapers and magazines, on television, and in digital formats such as social media.
• Fashion distribution:
An owner of a retail outlet selling her own specially designed millinery wishes to expand. She needs to research a few
options including franchising her business, obtaining concessions in selected department stores and linking with a leading
womenswear designer to produce new complementary ranges each season. Marketing research and analysis of the status of
the business along with the preparation of a future marketing strategy are the major fashion marketing activities needed
here.
• Fashion product positioning and pricing:
A major retailer discovers that a competitor is selling imported silk lingerie similar in design and quality to its own, but at
prices that are 20% lower. A fashion marketing decision must be made about the positioning and pricing of the product,
taking into consideration the strategic goals of the company as well as the price sensitivity of its customers.
ETHICAL ISSUES IN FASHION MARKETING
• The practice of fashion marketing is often criticized. These criticisms can be classified into two types,
the micro-issues and the macro-issues.
• Micro-issues concern particular products and services where consumers may feel that they have not
been fairly treated or that they have been misled. Most customers have bought clothing that has
fallen below expectations by, for example, coming apart at the seams or shrinking in the wash. These
problems may occur due to poor quality control or at worst a callous attitude towards customers.
Sadly, the view of customers as mere punters to be exploited does exist in some parts of the fashion
industry but it is a short-sighted attitude as lack of repeat business, legal redress and negative word
of mouth are all possible consequences.
• The quick and fair correction of genuine errors reinforces the message to the customer that the
retailer cares about long-term customer welfare. Unfortunately, some staff are placed in positions
where their own interests may not coincide with those of the firm or the customer – those who work
on a commission only basis, for example. Such practices should be condemned as they lead to an
undermining of public confidence in the fashion industry.
• Macro-issues are broader and emerge not from the conscious conspiracy of individuals or groups of
individuals but as unintended or unanticipated consequences of certain activities. The most obvious
example is the criticism that the bulk of the fashion industry is lacking in sensitivity to environmental
issues in that it encourages a throw-away society, conspicuous consumption and unnecessary use of
packaging.
• Eg: Marks and Spencer : lay claim to a serious attempt to address some environmental concerns
with their ‘Plan A’. The Marks and Spencer ‘Plan A because there is no Plan B’ involves a £200 million
eco-plan to become carbon neutral by 2012, to extend their sustainable fabric sourcing and to set
new standards in ethical trading. Other attempts to address such concerns, although on a relatively
small scale, include the so-called ‘environmentally friendly’ or ‘green’ fibres and recycled wool.
• However, the charge of encouraging a throw-away society is a problem that is likely to recur with
sharper and move vehement focus in the future. The public response to the various anti-fur
campaigns run by PETA, Lynx and others since the 1980s has reduced the market for fur products in
many countries and has transformed a status symbol of the rich to an item of derision.
Plan A : Doing the Right Things
The core brand that M&S began with, it is the most well received and
well known amongst it in house brands.
High priced apparel brand with the attention to detail to give a designer
look.
Purely casual wear for women with emphasis on the pricing which is
affordable and styling which is minimalistic.
Women’s wear
The brand features the seasons key trends, perfectly edited to give
aspirational yet attainable style wardrobe
Cool, vintage inspired pieces, that create a relaxed & authentic look.
Men’s wear
₹1800 – 8000
₹2000 – 8000
₹1500 – 5000
₹1500 – 6000
₹1000 – 4000
₹200 – 2000
STORE FORMAT
https://
www.youtube.com/watch?v=RRv
5udKGG68