Trend Forecasting Process

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Trend Forecasting Process

FMD 451

Fashion Forecasting

The creative process that can be understood, practiced, and applied by anyone who has the tools.

Need to have a balanced view that seeks out new styles breaking the cultural edge, and the reality of changing demographics, identifies the fad, and the long wave of change.

Uses: product planning, gain market share, position products against competitors, shape collections, style directions, color and textiles directions, ect.

Steps in developing a forecast

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ID the facts about past trends/forecasts

Determine cause of change in the past

Look at differences between past forecasts and consumer behavior

Identify factors likely to affect future trends

Apply forecasting tools and techniques accurately.

Follow the forecast continually- see if expectations deviate

Revise the forecast when necessary.

Forecasting Specialties

 Long term forecasts- 5 or more years

 Short term forecasts- more than one year ahead.

Forecasting Scans-

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Media Scan

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Fashion scansfollow latest fashion and lifestyle trends: visit Fashion capitals, scan media, network with people in the creative fields (arts, entertainment, interior design, cosmetics, and architecture.

Consumer ScansConsumer segmentation (you already did), point of sale data (retailers and manufactures).

Fashion scan + consumer scan= fashion analysis- what will happen next!

Do your research!

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Media Scan:

Trend ID, analysis and synthesis

Soak up news that relates to change!

National newspaper-

Wall Street Journal,

New York Times

Trade papers- WWD,

California Apparel

News, Advertising

Age

Fashion and Lifestyle magazines( food, travel, home décor, health, gossip, political, buisness, science, men’s and womens)

4. Internet- Popular

Culture (world wide): coolhunter

5. Watch past fashion shows

6. Take a trip to popular shopping venues, fashionable neighborhoods.

7. Pop Culture: movies, music, TV, books, theater, art.

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Media Scan:

Trend ID, analysis and synthesis

Collect bits and pieces from a broad spectrum of sources.

Link signals, shape them into a vision of what the future may be.

Pay attention to:

New and unusual business

Innovative and novel products

Unusual travel destinations

New, rediscovered, or redesigned leisure activities.

New shopping locations,store designs, services.

Stories about people and their adjustment to life’s challenges.

Neighborhoods with interesting mix of people, shopping or ethnic cultures.

Media Scan:

Trend ID, analysis and synthesis

Collect information( folders), organize it into a list of themes, issues, ideas, that capture your attention.

Trends require a label!

 Start general and become specific!

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-general examples: new music, financial issues, cult movies, unusual jobs specific examples: “cyberstyle”,

“GenNesters”, “Asian Influence”

*Once the trend begins to emerge, think about how the trend relates to a specific product category or target market.

Media Scan:

Trend ID, analysis and synthesis

Ideas for Project 2: Media scan

 Trend folders

Cite all resources used

You should address all parts of the media scan.

 Summarize what your found- Pick 10 major topics/broad categories(20 sources in each) Index them in your paper with sources and images. Summarize in your paper.

Describe the Zeitgeist-

“ The Spirit of the Times”

Fashion is a reflection of the times in which it is created and worn.

Fashion responds to what is modern, all cultural components respond to the spirit of the times.

The Zeitgeist covers all product categories.

Media reports culture but is also shaped by it.

Lifecycles are associated with the Zeitgeist.

“An expression of modernity, of the current state of culture, of the incipient and unarticulated tastes of the consuming public.”

Zeitgeist

Next generation-

Tweens 8-12, looking to computer games and Japanese comic books for inspiration.

Pay attention to: Style interactions between apparel, cuisine, sports, architecture, interiors, automobiles, toys, avocations, pastimes, and play.

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Changes in the marketplace:

New fashion- seasonal to continuous

Lack of design leadership

Rules for appropriateness relaxed

Consumers declared independence

Emergence of No fashion-casual Friday, ect.

Cheap chic

Fast fashion

Fashion History Research-

Describe the following:

Designer’s signature style, ex. Tom Ford

1990’s

Style leader- Jacqueline Kennedy1960’s

A fashion lookFlapper look 1920’s

Bohemian element- The hippies, hip hop

Market segment middle class 1950’s

Celebrity Icon- Madonna material girl-

1980’s

ModelTwiggy 1960’s

 Fiber/fabric- Chanel Jersey

Timeline

Research

 Describe- what is shaping the trend,

 Why has the trend developed

 Who is leading the trend.

 Look to past designs- Cyclical nature of fashion!

 Analyze the trends that affect your target market.

Forecast for 2010! Color

 Color Story- combined into prints, fabrics, all areas usually 200 pieces per collection.

 Work 18-24 months in advance

 Color Association of the United States

 Psychology of color- color preferences.

 Separate for men, women, interiors, youth.

Words used in color

 Hue- the color name

 Saturation/ chroma- intensity, strength of color,

 Value- lightness or darkness of a color.

 Tint- white added

 Shade- black added

 Tone- Grey added

 Examples: concentrated, deep, subdue, clear.

Color Marketing- Name

Name a color with imagination, should be able to be used across product categories, understand your customer’s perception of the colors. You want to depict a mood!

Examples from the environment:

Natural phenomena sky, sunshine, grass green.

Flora- poppy red, moss green, orchid

Fauna- flamingo pink, robin egg blue

Gemstones- amber, copper

Food and drink- caramel, champagne,

Spices- paprika, curry red

Dyes- indigo

Building materials- adobe, terra cotta, bronze

Locations- Capri blue

Color Cycles

High chroma-- multi colored--subdue colors-

- earth tones-- achromatic colors (black, white, grey)--purple.

Look at your media scan--- what did you see- colors celebrities were wearing, locations, music covers, interiors, museum exhibits, toys, electronics, food, graphics, ect. What is selling in stores?!

May be done in house or use a professional color system like PANTONE.

Images will help you describe color choices.

Predict 4-7 colors per direction.

Think about season- weather, temperature

Textiles

Overall style: botanical, romantic, folkloric

Interpretation- realistic, abstract, geometric.

Scale- small vs large scale motifs

Figure ground relationship- blank space vs. crowded patterns

Reference to art styles Art Deco

Complexity

Cultural reference- Asian inspired, African motifs

Historic references- time periods

Color story- sherbet colors, tropical, brights with Neutral.

Motifs- golf, seashell, animal print.

The Look: Design

The totality of the look: minimalist, feminine, sexy redifined.

Theme or Mood: gothic romanticisim

Swing of fashion pendulum- flared to narrow

Proportions of piecesplacement of waistline

Silhouette- tubular, hourglass, wedge

Point of emphasisshoulders, bust, waist

Fit- body hugging, loose

Details- collar, pocket, sleeve, cuff

Exaggeration in details.

Trims- beading, feathers, lace

Findings- button, zippers, snaps

Fabric type- woven, knits,

Fabric finishingdyeing, abrasion

Specific fabricstransparent, velvet, ect.

Semiotics

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The science of analyzing culture as a system of signs.

Visual concepts:

Referencing the past

Ethnic sources

Sexuality

Sports

Appropriateness-

“uptown chic”

6. Avant-Garde

7. Modernity

8. Postmodern

Trends

 Mega Trend- restructuring of culture affects all industries ex. Eco friendly

 Major Trend- broad public appeal

 Minor Trend- limited or small appeal.

Only refers to a specialized group of consumers.

 Describe potential of trend, how long it will last, interaction with other trends.

Trend Reporting; Label the trend

 Look- retro, Japanese influence

 Mood or spirit- youthful, playful

 Lifestyle message

 Tie in with celebrity

 Target Market- urban youth

 Brand image

 Concept- career casual

 Source of inspiration- Moroccan

 Pop culture influence

Forecasting Traps

Time, limitations, assumptions

Lack of imagination, research, insight

Excessive Optimism

Hidden Agendas, wish fulfillment vs. reality

Two sides of the coin- trend and countertrend

Generation gap

Overlapping trends- sectors

Fad vs. Trend

Don’t oversell.

See Appendix for resources

(Mudpie.co.uk, WGSN)

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