Both companies can be defined as retailing apparel market, which means that both of them design and sell clothing, footwear, and accessories to the end users.
They are also
classified as High-street fashion industry since they are consistent with the
definition of high-street fashion.
“High
street fashion is all about wearing the clothes that walk out on the runway and
are casual enough to wear on the street.”
“High-street fashion is the type of clothes and clothes
shops that you would see on your average high street; for example, Topshop,
H&M, Zara, or Primark. These shops are affordable for the average person,
but also keep up with the fashion trends.”
Anonymous
The fashion market is competitive in nature. There are a lot of similar brands in market so that it is easy for customer to choose and change their buying habits without paying high switching-cost.
The market is highly dynamic. It is market and brand driven, with a wide
diversity of individual perceptions and attitudes towards brands and
trends. Fashion Segments, a person-level classification, takes account
of this diversity to give retailers and manufacturers an insight into
their customers and the wider marketplace.
The keys to survive in fashion industry is to conduct an analysis trying to
describe customer's attitudes towards fashion,brands ,and consumer's behavior.
Source:
http://megankingdomfashionstudio.blogspot.fr/2011/05/unique-characteristics-of-fashion.html
http://www.experian.co.uk/business-strategies/fashion-segments.html
http://www.experian.co.uk/business-strategies/fashion-segments.html
No comments:
Post a Comment