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Fashion Issue

Effects of New Technologies, Social Changes & Economic Trends on Fashion

A lucky few will be tapped on the shoulder for positions at top brands. But most will have to settle for employment that doesnt advance their dreams beyond internships and jobs on the bottom of the career ladder.

 

Technological Advances

 

For any new fashion entrepreneur, the internet has proved indispensable to the growth of her/his business .The website facilitates ordering for commercial and private customers alike, showcasing the full collection alongside color variations and prices. Working with a website not only provides a more direct route to the final customer, but also helps to gain exposure and portray a more professional brand. Private consultations with the designer offer a unique shopping experience, and a participatory role in the design process as the consumer becomes a co-designer in the final product.

 

Social networking, such as Facebook, also play an important role in this type of business model; prospective customers are able to interact with established customers, initiate debates, view collections, follow promotions, and identify up-coming events (Burns, C., 2011).

 

 

In a period of economic austerity, this competition becomes all the more apparent as consumers become more prudent. In recent years, the growth of fast fashion has made clothes much cheaper relative to income in comparison to a few decades ago (Black, 2008, p.14). It is therefore unfeasible for the fashion entrepreneur to compete with these price scales and for that reason that their product ranges have the added value worth that merit their higher prices.

 

Conclusion

 

Despite the climate of austerity, the growing numbers of craft and fashion events indicate a market for fashion products, although a definite change in consumer attitudes is perceptible.

 

 

In addition, a greater level of customer service establishes a strong reputation and ensures that customers will return or recommend the brand to others. Identifying and understanding the needs of the consumer is critical, finding an appropriate sales location, or targeting the right craft fair is essential.

 

 

In addition, the ability to quickly embrace new technologies to advance their business allows Fashion businesses to compete in the market place against stiff competition from all sectors of the global fashion and textile industry. More importantly, this new media has become instrumental as a way of moving product to the market place, cutting out the middle man, and providing an easier and more profitable alternative to supplying retailers. Even from a remote location, it is an excellent tool for networking with customers & retailers.