Skip to main content

LECTURE ON CHANGING FASHION LANDSCAPES

CHANGING FASHION LANDSCAPES: ETHICS:o  Who made it
o  Where it came from
o  Impacts on these people
o  Exploitative labour
o  Environmental damage
o  Chemicals
o  Waste
o  
Animal cruelty 
 A CIRCULAR ECONOMY:o  A circular economy is an alternative to a traditional linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of each service life. 
 SUSTAINABILITY:Close looped system:Examples of ‘closed loop’ company strategies:o  Levi’s
o  H&M
Fashion brands slower to adapt ‘closed loop’:o  Primark
Luxury brands:o  Farming animals for fur
o  Difficult to trace some supply chains/accountability for production
Impacts:o  Sustainability
o  Climate
o  
Depletion of natural resources (animals, habitat, water and so on)
 ECO-FASHION:o  Fashion sustainability
o  People tree
o  Patagonia
o  UNMADE: niche knitwear – consumer can produce their own product
o  Traid
o  Oxfam hub Batley; Online vintage
 COUNTERFEIT GOODS:o  Luxury market
o  Countries and counterfeiting
o  Creates problems with sales, profit and the kudos of brands in question
o  
Further promotes unethical practice? (‘hidden’ manufacture goods)
 SOCIAL RESPONSIBILITY:o  What we consumer
o  Why we consume
o  What forms our consumer patterns
o  Who is responsible for increased consumption
o  Our understanding of product use and where product goes
o  
How our actions impact on others, (links back to ethics)
 GENERATION SHIFTS:o  Different consumers, consume in different ways
o  Generation X; largely bricks and mortar, (high street) with some online consumption
o  Generation Y; largely online, with some bricks and mortar consumption
o  Generation Z; born into the digital age
o  
Methods of marketing to consumer are continually shifting, due to the complex nature of the cross generational experience of interacting with and identifying product 
 MARKETING METHODOLOGIES:o  Bricks and mortar type institutions; for example, John Lewis
o  Television
o  Loyalty cards
o  Long routes to identifying and engaging their consumer
Online:o  Uses cross sectional marketing/advertising
o  Social media
o  Some terrestrial TV advertising, (example: BooHoo.com)
o  Posters/digital bill boards/taxi’s (again in the case of BooHoo.com)
o  Fast fashion social media cascade
High street retailers engaging the consumer:o  Both digitally and physically
o  Topshop: online offers, as well as high street ‘lock ins’ for students for example

CONSUMER SHIFTS:o  Comparing and contrasting product online
o  Sourcing the best price from online comparison
o  social media; provides a platform to ‘display’ product choice
o  
Online shopping has seen the shift of consuming fast fashion  through faster cycles; see the product, buy the product, dispose of the product 
 IMPACT OF ONLINE VS HIGHSTREET:o  Same products different stores
o  Increasingly less differentiation from product
Online:o  More convenience
o  Diverse choice
o  Drill down on product and find the cheapest price
 CAN THE HIGH STREET FIGHT BACK:High street strategies to revive football:o  E.g. Burberry – physical meets digital
o  
E.g. Adidas – working on interactive experiences in store
 NOW:Globalisation:o  Materials
o  Labour
o  Sources at low cost
o  
Industrialised growing of crops
 FUTURES:o  Further digitization (autonomous design)
o  Niche product (emotional connectivity)
o  Embedding of technologies
o  Digitization in fashion print/textiles
o  3D printed product
o  Biometrics
o  
Textiles grown from organisms

Comments

Popular posts from this blog

FINAL BRAND POSITIONING MAP

Victoria’s Secret’s top competitors as of January 2019 are Calvin Klein, Ralph Lauren and Donna Karan New York, and all three just like Victoria’s Secret, work in the Systems Software Industry, which is a type of computer programmer that is used to run a computer’s applications. In addition, as found in some primary research that has been conducted of an Instagram Poll. There are also many other brands that are competitors of Victoria’s Secret. For example, Ann Summers, Boux Avenue, Primark and H&M. There are a large amount of competitors that consumers would lean towards rather than Victoria’s Secret because they are cheaper, better quality and have better ethics/morals and therefore customers have more respect for those brands. Even though Victoria’s Secret is a successful business, alternative brands have many features buyers worship that Victoria’s Secret do not have, resulting in a loss of sales for the company. 

CURRENT SOCIAL MEDIA/INFLUENCER MARKETING/MARKETING MIX MOOD BOARD

This is my current social media/influencer marketing/marketing mix mood board that will be included within my report. Within this report I have included some influencers such as Gigi Hadid and Kendall Jenner as these are two of the key most famous influencers the brand uses to market the products. Twitter and Instagram are on the mood board as these are the brand's most used social media platforms and the American flag because the place the brand was founded in was San Francisco and it is an overall American brand. The Victoria's Secret Angels are also large influencers of the brand and the fashions shows are a large part of the promotion, the two go together well as a good brand strategy to get the products out in the open. Finally, the interior of the store is on this mood board as it gives the consumers a positive shopping experience which is another strategy to bring in business and also the catalogues etc are another way the brand promotes the products.

MY OWN SWOT ANALYSIS

MY OWN SWOT ANALYSIS: Strengths: Even though Victoria’s Secret has many issues that members of the public have picked up on and are offended by, the brand also includes many strengths. Some of the Strengths of Victoria’s Secret are: First, the brand uses some powerful influencers as ambassadors and models in order to entice members of the public to buying their products, such as: Kendall Jenner and Gigi Hadid. Also, the company is very active on their online marketing. They are constantly posting on their Instagram page and updating their consumers with activity taking place within the company such as new releases on social media platforms such as Twitter and even emailing. Next, he company uses organic and fare trade raw materials making them sustainable. Finally, the company also uses television adverts which is a positive for those who do not follow their social medias, they have good brand strategies in order to entice members of the public into their brand.  Weak