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When it comes to the clothing industry, there are many factors that are important including fashion trends and purchasing power. Fashion trends are constantly changing, which forces retailers of clothing to keep up with the curve. Clothing companies need to know which items are going to be popular and how many of each item to have in stock.
Part of keeping up with trends is keeping up to date on colors and designs that are appealing to the audience.
According to Apparel News, it is now the teens that are setting new fashion trends. Some of the new lines that they have coming include bohemian embroidery, baby-doll tops, and camouflage prints.
A number one cultural trend that we did not face ten years ago is the number of mothers that are working outside of the home.
This has in return affected how major purchase decisions are made. With mom and dad both working, it is often the teens that are becoming more independent and making purchasing decisions on their own.
There are currently 2. The number one aspect is the Internet. Having on-line access has changed the way that consumers find information and the way that they shop.
During this past holiday 82 percent of consumers surveyed said that they would be doing holiday shopping on-line. The Internet gives retailers a way to show new fashion trends and give consumers access to their products.
As technology continues to improve it will make it easier and faster for consumers to research products online and purchase with confidence.
Web Advertising is another key element that can be affected by technology.
Clothing companies are able to inform consumers about their products, advertise specials, etc. This allows buyers to become acquainted with products before purchasing in the store or on-line.
How to cite this page Choose cite format:Urban Outfitters (NASDAQ:URBN) reportedly opened its first store in Hong Kong last year, marking the beginning of its retail store expansion in Asia following its three-year long wholesale. Gap Inc. is a global apparel retail company that owns Gap, Banana Republic, Old Navy, Athleta, and Intermix clothing, fashion and accessories brands.
The first GAP store was opened in by Doris and Don Fisher and today Gap Inc. is the largest specialty apparel retailer in the North America with. Jun 10, · Pest Analysis On Abercrombie & Fitch - December 3rd, Pest Analysis On Abercrombie & Fitch Abercrombie & Fitch (A&F) (NYSE: ANF) is an American retailer, currently headed by chairman and CEO Michael S.
Jeffries. Nov 07, · Global Polo Shirt Market Research Analysis – Abercrombie & Fitch, Banana Republic, Ralph Lauren Corporation and Brooks Br; Global Premixed Grout Market Research Analysis – Custom Bulding Products, Bostik, H.B.
Fuller and MAPLE and SWOT and PESTEL analysis.
Request Sample Report of this Study at: https. fashion revolution | fashion transparency index 01 02 why transparency is the beginning of a fashion revolution 05 research methodology 07 the fashion transparency index results.
Abercrombie & Fitch Co. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Abercrombie & Fitch Co.