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Fashion and Marketing
1
Anil Kumar ,
Lecturer (Textile Design)
Pandit Lakhmichand State University of Performing &
Visual Arts , Rohtak
E-mail-anilkumar@plcsupva.ac.in
Mobile no. +919729138649
Fashion and Marketing
2
Chapter Objectives
Define the term marketing.
Explain types of customer characteristics used
to define a target market.
Explain fashion merchandising.
Describe the four components of the marketing
mix.
Identify the four types of promotion.
Identify the seven functions of marketing.
Fashion and Marketing
3
What is Marketing ?
Marketing is a social and
managerial process by
which individuals and
groups obtain what they
need and want through
creating and exchanging
products and value with
others
By Philip Kotler
Marketing is a series of
activities that fashion
businesses undertake so
that customers will buy
products from them instead
of their competitors.
Marketing is a process
of developing, promoting,
and distributing products
to satisfy customers ’
needs and wants
Fashion and Marketing
4
Marketing role in Business organization
Marketing co-exists in companies as
an equal partner with Operations
and Finance/Accounting
Many organizations, Marketing
personnel are the ‘natural’ future
leaders (P&G, other consumer
goods marketers)
Marketing
Selling
Production
Product
Fashion and Marketing
5
The Marketing Concept
To market effectively, fashion
marketers follow the principles
of the marketing concept.
marketing concept the
idea that businesses
must satisfy customer
needs and wants in order
to make a profit
1. Needs, Wants, and
Demands
2. Products and Services
3. Value, Satisfaction and
Quality
4. Exchange, Transactions
and Relationships
5. Markets
Fashion and Marketing
6
The Marketing Concept
Retailers must consider the
• location
• atmosphere, and
• image of the store.
Products must match
• style,
• quality, and
• price to their customers.
As business philosophy has evolved, so has the role of
marketing…customer satisfaction is now at the core of most
successful corporations
Fashion and Marketing
7
Target Market
Fashion marketers can
conduct research to identify
a target market.
target market the
specific group of people
that a business is trying
to reach
Identifying a target market
is achieved through market
segmentation. market segmentation
a way of analyzing a
market by categorizing
specific characteristics
Fashion and Marketing
8
The Marketing Concept
Business
Determine what
customers want
Identify
customers
Make the right products
available at the right time
and at the right price
Communicate to
customers
Fashion and Marketing
9
Target Market
Specific customer characteristics
that are expressed as statistics
include: psychographics studies of
consumers based on social
and psychological
characteristics such as
attitude, interests, and
opinions
2. Psychographics
3. Geographics
4. Behavioristics
– Purchase occasion
– Product benefits
– Usage level and commitment
geographics statistics about
where people live
behavioristics statistics
about consumers, attitudes,
use, or response to a product
demographics statistics that
describe a population in terms of
personal characteristics age,
gender, income, ethnic
background, education, religion,
occupation, lifestyle
1. Demographics
Fashion and Marketing
10
Diverse and Changing Markets
The fashion market is too large and too diverse to reach
with a single marketing approach.
Consumer buying habits do not always remain the same.
Businesses must offer new products and develop
strategies that affect their diverse customer bases.
Fashion and Marketing
11
Fashion Merchandising
Fashion merchandising
involves developing plans to
make products available.
fashion merchandising
the planning, buying, and
selling of fashion apparel
and accessories to offer
the right merchandise
blend to meet consumer
demand
Fashion and Marketing
12
Fashion Merchandising
Merchandising is the main
function of apparel retailing.
Retailers buy large quantities of goods at wholesale
prices.
Retailers sell the goods individually at retail prices.
Retailers are also responsible for store operations,
financial control, personnel, and sales promotion.
Fashion and Marketing
13
Fashion Merchandising
Merchandising market factors include:
Economic issues that influence customer buying habits
New technology developed by a competitor
Fashion and Marketing
14
The Marketing Mix and Fashion
To successfully sell a fashion
product to target customers,
Businesses must apply the
marketing mix.
marketing mix four basic marketing
strategies, known as the four Ps of
marketing—product, place, price, and
promotion
The Four Ps
Place
Price
Advertising
Sales Promotion
Publicity
Public Relations
Personal Selling
Promotion
Product
Fashion and Marketing
15
Marketing Strategies
There are three strategies that fashion marketers
use to increase their business:
1. Increase the number of customers.
2. Increase the average transaction.
3. Increase the frequency of repurchase.
Fashion and Marketing
16
Channels of Distribution
Before merchandise reaches the
consumer, it goes through the
channel of distribution.
channel of distribution
the path a product takes
from the producer to the
consumer
Channels of Distribution
For apparel and home furnishings, the movement through
the channels of distribution is called the soft-goods chain.
This chain includes three specific segments:
1. Textile segment – fiber, yarn, fabrics
2. Apparel segment – design, manufacture, wholesale
3. Retail segment- stores selling to consumers
Fashion and Marketing
17
The Functions of
Marketing
There are seven functions
of marketing.
functions of marketing
the activities that include
product/service
management, distribution,
financing, pricing,
marketing-information
management, promotion,
and selling
In order to have a successful
fashion business, business
owners follow the principles
of these functions.
Fashion and Marketing
18
The 7 Functions of Marketing
1. Product/Service Management Function
Fashion producers must look for new ways to use existing
items or produce new ones that will continue to interest
the consumer.
2. Distribution Function
The distribution of goods includes the methods of
physically moving and storing goods.
Distribution technology allows businesses to track and
monitor merchandise all the way from the manufacturer to
the retail outlet to the customer.
Fashion and Marketing
19
The 7 Functions of Marketing
3. Financing Function
Financial planning can include many factors, such as
production costs of the product, product pricing for the
customer, and everyday expenses such as rent, supplies,
and payroll.
4. Pricing Function
Pricing includes determining how much to charge for
goods and services in order to maximize profits.
Fashion and Marketing
20
The 7 Functions of Marketing
5. Marketing-Information Management
Function
There are five main elements in a marketing-
information system:
1. Input
2. Storage
3. Analysis
4. Output
5. Decision making
Fashion and Marketing
21
The 7 Functions of Marketing
6. Promotion Function
Promotion is the communication technique a business
uses, such as advertising and other promotional methods,
to interest customers in buying the products.
7. Selling Function
The selling function involves the direct personal contact that
businesses have with their customers.
Sales personnel must be able to communicate
the benefits and features of the items so that customers are
willing to pay higher prices.

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Fashion marketing and its role.

  • 1. Fashion and Marketing 1 Anil Kumar , Lecturer (Textile Design) Pandit Lakhmichand State University of Performing & Visual Arts , Rohtak E-mail-anilkumar@plcsupva.ac.in Mobile no. +919729138649
  • 2. Fashion and Marketing 2 Chapter Objectives Define the term marketing. Explain types of customer characteristics used to define a target market. Explain fashion merchandising. Describe the four components of the marketing mix. Identify the four types of promotion. Identify the seven functions of marketing.
  • 3. Fashion and Marketing 3 What is Marketing ? Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others By Philip Kotler Marketing is a series of activities that fashion businesses undertake so that customers will buy products from them instead of their competitors. Marketing is a process of developing, promoting, and distributing products to satisfy customers ’ needs and wants
  • 4. Fashion and Marketing 4 Marketing role in Business organization Marketing co-exists in companies as an equal partner with Operations and Finance/Accounting Many organizations, Marketing personnel are the ‘natural’ future leaders (P&G, other consumer goods marketers) Marketing Selling Production Product
  • 5. Fashion and Marketing 5 The Marketing Concept To market effectively, fashion marketers follow the principles of the marketing concept. marketing concept the idea that businesses must satisfy customer needs and wants in order to make a profit 1. Needs, Wants, and Demands 2. Products and Services 3. Value, Satisfaction and Quality 4. Exchange, Transactions and Relationships 5. Markets
  • 6. Fashion and Marketing 6 The Marketing Concept Retailers must consider the • location • atmosphere, and • image of the store. Products must match • style, • quality, and • price to their customers. As business philosophy has evolved, so has the role of marketing…customer satisfaction is now at the core of most successful corporations
  • 7. Fashion and Marketing 7 Target Market Fashion marketers can conduct research to identify a target market. target market the specific group of people that a business is trying to reach Identifying a target market is achieved through market segmentation. market segmentation a way of analyzing a market by categorizing specific characteristics
  • 8. Fashion and Marketing 8 The Marketing Concept Business Determine what customers want Identify customers Make the right products available at the right time and at the right price Communicate to customers
  • 9. Fashion and Marketing 9 Target Market Specific customer characteristics that are expressed as statistics include: psychographics studies of consumers based on social and psychological characteristics such as attitude, interests, and opinions 2. Psychographics 3. Geographics 4. Behavioristics – Purchase occasion – Product benefits – Usage level and commitment geographics statistics about where people live behavioristics statistics about consumers, attitudes, use, or response to a product demographics statistics that describe a population in terms of personal characteristics age, gender, income, ethnic background, education, religion, occupation, lifestyle 1. Demographics
  • 10. Fashion and Marketing 10 Diverse and Changing Markets The fashion market is too large and too diverse to reach with a single marketing approach. Consumer buying habits do not always remain the same. Businesses must offer new products and develop strategies that affect their diverse customer bases.
  • 11. Fashion and Marketing 11 Fashion Merchandising Fashion merchandising involves developing plans to make products available. fashion merchandising the planning, buying, and selling of fashion apparel and accessories to offer the right merchandise blend to meet consumer demand
  • 12. Fashion and Marketing 12 Fashion Merchandising Merchandising is the main function of apparel retailing. Retailers buy large quantities of goods at wholesale prices. Retailers sell the goods individually at retail prices. Retailers are also responsible for store operations, financial control, personnel, and sales promotion.
  • 13. Fashion and Marketing 13 Fashion Merchandising Merchandising market factors include: Economic issues that influence customer buying habits New technology developed by a competitor
  • 14. Fashion and Marketing 14 The Marketing Mix and Fashion To successfully sell a fashion product to target customers, Businesses must apply the marketing mix. marketing mix four basic marketing strategies, known as the four Ps of marketing—product, place, price, and promotion The Four Ps Place Price Advertising Sales Promotion Publicity Public Relations Personal Selling Promotion Product
  • 15. Fashion and Marketing 15 Marketing Strategies There are three strategies that fashion marketers use to increase their business: 1. Increase the number of customers. 2. Increase the average transaction. 3. Increase the frequency of repurchase.
  • 16. Fashion and Marketing 16 Channels of Distribution Before merchandise reaches the consumer, it goes through the channel of distribution. channel of distribution the path a product takes from the producer to the consumer Channels of Distribution For apparel and home furnishings, the movement through the channels of distribution is called the soft-goods chain. This chain includes three specific segments: 1. Textile segment – fiber, yarn, fabrics 2. Apparel segment – design, manufacture, wholesale 3. Retail segment- stores selling to consumers
  • 17. Fashion and Marketing 17 The Functions of Marketing There are seven functions of marketing. functions of marketing the activities that include product/service management, distribution, financing, pricing, marketing-information management, promotion, and selling In order to have a successful fashion business, business owners follow the principles of these functions.
  • 18. Fashion and Marketing 18 The 7 Functions of Marketing 1. Product/Service Management Function Fashion producers must look for new ways to use existing items or produce new ones that will continue to interest the consumer. 2. Distribution Function The distribution of goods includes the methods of physically moving and storing goods. Distribution technology allows businesses to track and monitor merchandise all the way from the manufacturer to the retail outlet to the customer.
  • 19. Fashion and Marketing 19 The 7 Functions of Marketing 3. Financing Function Financial planning can include many factors, such as production costs of the product, product pricing for the customer, and everyday expenses such as rent, supplies, and payroll. 4. Pricing Function Pricing includes determining how much to charge for goods and services in order to maximize profits.
  • 20. Fashion and Marketing 20 The 7 Functions of Marketing 5. Marketing-Information Management Function There are five main elements in a marketing- information system: 1. Input 2. Storage 3. Analysis 4. Output 5. Decision making
  • 21. Fashion and Marketing 21 The 7 Functions of Marketing 6. Promotion Function Promotion is the communication technique a business uses, such as advertising and other promotional methods, to interest customers in buying the products. 7. Selling Function The selling function involves the direct personal contact that businesses have with their customers. Sales personnel must be able to communicate the benefits and features of the items so that customers are willing to pay higher prices.