Apparel PD
knocking off
pros of private label
cons of private label
target customer
story telling
Long lead times cause what
many missed opportunities in fashion
fast fashion/speed sourcing
- as seen with some of our favorite retailers
techniques to shorten lead times
ways to buy extra time with deadlines
most common definitions of merchandising
having the:
macro trends
9 features of apparel
first question when creating a line
-whats selling, whats not, has the target customer changed
assortment planning
product managers are responsible for
two different assortment approaches
assortment planning by
assortment planning by group
assortment planning by item
ratios
-its important to assort the styles in proper proportions to ensure profitability
common ratios to look at in GROUP collection buy
common ratios to look at in ITEM collection buy
fashion trend
- trends can be reflected in a variety of items and classifications
competitive shopping
- shopping competing stores
trickle down theory
a style must first be adopted by people at the top of the social pyramid. The style then gradually wins acceptance at progressively lower social levels