RECENT NEWS
The Times of India  Sep 25  Comment 
Michael Kors Holdings Ltd, like others in the fashion industry, is trying to fire up sales by taking on big name brands like the globally revered Versace. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition...
Yahoo  Sep 17  Comment 
Celebrating 10 years in the fashion industry, Victoria Beckham spoke to CNBC's Tania Bryer about the challenges and lessons learned.
New York Times  Sep 5  Comment 
In the Times AR team’s first rendition of video that you can walk around, Ashley Graham is “a model in motion without the filters, the Photoshopping and the angles the fashion industry is used to.”
Yahoo  Sep 5  Comment 
MINNEAPOLIS/SHANGHAI (Reuters) - The CEO of Chinese online retail giant JD.com Inc (JD.O), Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday. ...
Forbes  Aug 2  Comment 
Once Vogue Arabia was released, supermodel Naomi Campbell implored the company to create a Vogue Africa as a contributing editor to British Vogue. The publication has yet to credit African designers for their impact on the global fashion industry,...
New York Times  Jul 7  Comment 
Few jobs would appear less prone to automation than fashion industry taste-making. But artificial intelligence is undeterred.
Forbes  Jun 27  Comment 
On June 14 my firm, Coresight Research, cohosted a daylong conference on inclusive design alongside Alvanon. The event, One Size Does Not Fit All—Inclusive Design & the Modern Consumer, brought together more than 300 people from a wide range of...
Forbes  May 30  Comment 
Danish company Organic Basics sells organic cotton and silver-impregnated fabrics that don't need constant washing - it's all part of its aim to lead the fashion industry in sustainability
guardian.co.uk  May 22  Comment 
Planet fashion generally runs on weaponised niceness – which is why a social media account that claims to highlight design rip-offs has attracted nearly half a million followers When future historians identify the definitive fashion moments of...




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS

Th who are not rich enough to afford luxury brands but will accept lower-priced alternatives.

  • The goal of mainstream brands is mass appeal; they sacrifice an air of exclusivity for popularity.
  • Discount brands cater to low-income consumers.

At the highest levels, the fashion industry is relatively insulated from economic changes. For example, recessionary fears in the United States have done nothing to harm haute couture, which is actually seeing an increase in customers in a time when so many other companies are fighting decreasing sales. The luxury market is doing well compared to mainstream, affordable luxury and discount brands, where its customers have less financial security and thus are not spending as much money on clothes and accessories as they used to.

Trends and Forces in the Fashion Industry

Increasing Focus on Men

Fashion was once seen as almost exclusively a "women's domain." However, in the past few years men as a whole have begun to pay more attention to their appearance[1] and the fashion industry has responded by focusing more on catering to male clientele. For example, J. Crew Group (JCG)[2] and Hermès both opened men’s-only stores in New York City.[3] Although women still do make the majority of clothing purchases, companies are beginning to take advantage of the male demographic and appeal to them in order to increase sales. :)


Image:Affluent_chart1.gif‎[4]

The affordable luxury market, especially in the United States, is facing a problem due to the poor state of the U.S. economy. The middle-class "aspirational" shoppers who are integral to that segment's success are not indulging as much as they used to. In addition, there has been an increase in "extremely high net-worth" individuals in the United States and abroad. In the U.S. alone the number of "ultra high net worth households" increased fivefold from 1996 to 2006, to 1.14 million.[5] These people are able to afford whatever luxury brand they want and the brands that are able to follow the money. These trends lead to decreased sales of affordable luxury and increased sales of genuine luxury products.

New Markets for Consumers of High Fashion are Emerging Worldwide

Now, more than ever, the nouveau riche in China and Russia are developing a big appetite for high fashion. In China for example, the economy grew more than 10% annually during the last five years, and by the end of 2006 the country had 345,000 U.S. dollar millionaires, 33% of whom were women.[6] Chinese citizens are becoming increasingly fixated on luxury goods--they are viewed as a status symbol.[7] China, Russia and the Middle East present large, wealthy markets for luxury goods companies.

Notes

  1. "Death of the Metrosexual: Mens Fashion Goes Large."
  2. "J. Crew to Open First Men’s Store in Tribeca." DNR.com. March 11, 2008.
  3. "Hermes to Open Men's Store." DNR.com. March 28, 2008.
  4. "A Wealth Market in a Downturn Economy: Capturing a lucrative target."
  5. Holiday Forecast Calls for Mild Slowdown in Luxury Sales." RetailTraffic. July 24, 2008.
  6. "Chinese Nouveau Riche Go Gaga Over Haute Couture." The Star. June 1, 2008.
  7. "Chinese Nouveau Riche Go Gaga Over Haute Couture." The Star. June 1, 2008.

Companies in the Fashion Industry (121)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki