Fashion Mid-Term Review 1.03 Scope and Importance of Fashion Industry Apparel Industry o Womenswear o Menswear o Infants’ and Childrens’ o Accessories Household Industry o Floor Coverings o Home Furnishings o Domestics Segments of the Fashion Industry o Textile o Apparel o Retail o Auxiliary 2.01 Fashion Forecasting Forecasting Trend Importance Roles in Fashion Forecasting o Textile Producers o Consultants o Color Services o Fashion Services o Designers o Merchandisers o Retail Store Owners Activities in Fashion Forecasting o Market Research Consumer Market Sales Comparison Shopping Sources of information for forescasting o Trade Publications o Consumer Publications o Websites 2.02 Movement and Acceptance of Fashion Fashion Movement Fashion Trickle Theories o Up o Down o Across The Fashion Cycle 1. Introduction 2. Rise 3. Peak 4. Decline 5. Obsolescence Lengths of fashion cycles o Fad/Flop/Classic o Recurring Fashions Fashion Leaders vs. Fashion Followers Five Principles of Fashion Movement 1. Consumer 2. Price 3. Sales Promotion 4. Evolutionary vs. Revolutionary 5. Extremes Factors that Accelerate o Communication and Mass Media o Economic conditions o Competition o Technology o Mobility o Leisure Time o Education o Roles o Seasons Factors that Decelerate o Economic conditions o Customs o Laws o World Events 2.03 Historical Events and Fashion Evolution Decades 1940s-2000’s Historical Events (Moods) Fashion trends and “looks” Influential People Vocabulary Terms 2.04 Major Fashion Centers, types of designers, price market categories Fashion Centers o Paris o New York o London o Dallas o Miami o Los Angeles Types of Designers o Couture o Freelance o Stylist Price market categories o Couture/Designer o Bridge o Better o Moderate o Budget/Discount French/Italian terms Licensing Vocab Terms 2.05 Fashion Designers Designers to briefly review (Use Curriculum Outline) o o o o o o o o o o o o o o o o Tommy Hilfiger Calvin Klein Donna Karan Vera Wang Sean “P. Diddy” Combs Bill Blass Tom Ford Ralph Lauren Donatella Versace Muccia Prada Valentino Oscar de la Renta Gabrielle “Coco” Chanel Christobal Balenciaga Mary Quant (British) Hubert de Givenchy 2.06 Recognizing Current fashion Trends Importance of recognizing fashion trends What to research Important terms related to current fashion trends. 3.01 Explain the Concept of Marketing in Fashion Marketing Fashion Merchandising Marketing Concept Market Market Segmentation o Demographic o Geographic o Psychographic o Behavioral Marketing Mix o Price o Product o Place o Promotion Functions of Marketing o Distribution o Financing o Marketing-Information Management o Pricing o Product-Service Management o Selling o Promotion 3.02 Explain the Economics of Fashion Economics Goods vs Services Customer vs Consumer Economic resources o Natural o Human o Capital o Entrepreneurship Supply and Demand Elasticity o Elastic and Inelastic Demand o Scarcity Economic Utilities o Form o Place o Time o Possession o Information Consumer Goods o Convenience o Specialty o Shopping Industrial Goods Consumer vs Industrial Services Free-Market System Competition o Pure o Oligopoly o Monopoly o Direct o Indirect o Price o Non-Price The business cycle (and how it affects fashion) o Prosperity o Recession o Depression o Recovery 3.03 Identify the Types of Fashion Retailers General Merchandisers Specialized Merchandisers Department Store Retailing Types of Dept Stores o Branch o Flagship o Junior o Chain Discount Stores Types of Discount Stores o Off-price o Factory Outlets Specialty Stores Types of Specialty Stores o Franchise o Boutiques Non-Store Retailing o Mail-order o Telecommunication o Computer o In-home 3.04 Describe the Fashion Industry from a Global Perspective Imports vs Exports Balance of Trade o Deficit o Surplus Free Trade vs Protectionism Offshore Production World Trade Regions Apparel Counterfeiting Labor Abuses 4.01 Identify Basic textile fibers, fabrics, and their characteristics Fiber Yarn Fabric Natural Fibers (Cellulosic) o Cotton, Wool, Flax Natural Fibers (Protein) o Leather, Fur, Silk Manufactured Fibers o Polyester, Nylon, Acrylic, Rayon, Acetate, Spandex Steps in Fabric Production (4) o Weaving o Knitting o Non-woven o Fabric Finishing Technology in textiles 4.02 Explain the Elements and Principles of Design Elements o Color Value Tint Shade Hue Color Schemes Psychology of Color o Line o Shape o Texture Principles o Balance o Proportion o Emphasis o Rhythm Using the principles and elements to enhance appearance 4.03 Identify Merchandise Classifications Womenswear Menswear Infants and Childrens Accessories Home furnishings Cosmetics 4.04 Explain Sizing in Apparel Womenswear Menswear Infants and Childrens 5.01 Explain Selling in the Retail Environment Personal Selling Roles o Sales Clerk o Sales Associate o Personal Shopper Motivating Salespeople o Organizational Climate o Compensation Wage Salary Commission Sales Quota Incentives Non-Selling Duties o Stock keeping o Receiving o Preparing Merchandise o Maintaining Product Information Types of Information Sources of information 5.02 Demonstrate the Steps of the Sales Process Approach o Greeting o Merchandise o Service Determine Customer Wants and Needs o Buying Motives o Types of Customers o Open-ended questions Merchandise Presentation o Features and Benefits o Involve Customers o Rules for presenting merchandise Handling Customer Objections o Objection o Techniques Boomerang Questioning Superior Point Direct Denial Demonstration Third Party Closing the Sale o Buying Signals o Trial Close o Rules for Closing o Techniques for closing Which Standing room only Direct Service Suggestion Selling o Rules o Types: Add-ons Trading up More than one Special offers o Checkout Methods of payment Returns, Exchanges, Allowances Thanking and Reassuring Follow-up o Client File o 5.03 Perform Various Mathematical Calculations in Retail Sales Convert Fractions to Percents Convert Percents to Decimals Convert Decimals to Percents Cash Drawer o Change Fund o Till Calculate Extensions Calculate Sales tax Calculate subtotals and totals Cost vs Retail Mark-up Keystone Mark-up Calculate Mark-up Markdown Calculate Markdown 6.01 Identify the Components of the Promotional Mix Promotion Promotional Mix o Advertising o Personal Selling o Publicity Press Release Press Kit o Public Relations o Sales Promotion Visual Merchandising Special Events Promotion during the stages of the fashion cycle o Intro o Rise o Peak o Decline o Obsolescence 6.02 Discuss Fashion Advertising Purposes Product Advertising Institutional Advertising Cooperative Advertising Types of Advertising Media o Describe and list advantages and disadvantages o Newspaper o Television o Radio o Magazine o Online o Direct Mail o Outdoor Signage o Merchandise Packaging o Video Media Mix 6.03 Explain Visual Merchandising Visual Merchandising o Goals Merchandise Presentation Store Image Display o Institutional o Promotional o Window Open Closed o Interior Types of Interior displays Store Layout and Décor o Selling Area o Sales Support Area Fixtures Props o Functional o Decorative o Mannequin o Form Lighting Materials Signs Elements of Design in Displays Principles of Design in Displays 6.04 Describe the Use of Special Events in Fashion Promotion Special Events Fashion Shows o Formal Modeling o Informal Modeling Trunk Shows Special Sales Celebrity Appearances Demonstrations Charitable Celebrations Fashion Awards Sampling Premiums Personal Improvement Sessions Teen Boards 6.05 Create a Promotional Plan Definition Guidelines o Description of store and customers o Goals and Objectives o Major Message or Theme o Promotional Mix Decision o Assignment of responsibilities for overseeing activities o Promotion Budget 7.01 Recognize Soft Skills Necessary in the Workplace Soft Skills Interpersonal Skills Ethics o Morals o Consequences o Standards o Virtues Ethical Behavior Teamwork Effective Communication Nonverbal Communication Verbal Communication o Listening o Reading o Speaking o Writing Barriers to Communication 7.02 Demonstrate Effective Employability Skills Networking Resume Cover Letter Application Reference Letter Interview Follow-up Resigning 7.03 Summarize Careers in the Fashion Industry Career Opportunities in Textiles o Research and Development o Design o Production o Sales Career Opportunities in Apparel Manufacturing o Design o Production o Sales Career Opportunities in Retail o Sales Associate o Retail Buyer o Fashion Director o Management o Advertising o Public Relations o Fashion Forecaster