Fashion Design in the 21St Century A

Total Page:16

File Type:pdf, Size:1020Kb

Fashion Design in the 21St Century A TECHNOLOGY AND CREATIVITY: FASHION DESIGN IN THE 21 ST CENTURY A Dissertation Presented to the Faculty of the Graduate School at the University of Missouri In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy by MARY RUPPERT-STROESCU Dr. Jana Hawley, Dissertation Supervisor May 2009 © Copyright by Mary Ruppert-Stroescu 2009 All Rights Reserved The undersigned, appointed by the dean of the Graduate School, have examined the dissertation entitled TECHNOLOGY AND CREATIVITY: FASHION DESIGN IN THE 21 ST CENTURY Presented by Mary Ruppert-Stroescu, a candidate for the degree of doctor of philosophy and hereby certify that, in their opinion, it is worthy of acceptance. _______________________________ Dr. Kitty Dickerson _______________________________ Dr. Jana Hawley _______________________________ Dr. Laurel Wilson _______________________________ Dr. Julie Caplow I dedicate this dissertation to my sons, Matei and Ioan Stroescu, who are continuous sources of inspiration and joy. ii ACKNOWLEDGEMENTS First and foremost, I would like to thank my dissertation supervisor, Dr. Jana Hawley, for inspiring and challenging me without fail. I will remain eternally grateful as well to Dr. Laurel Wilson & Dr. Kitty Dickerson, for their patience, insight, and guidance. I must also recognize Dr. Jean Hamilton, whose courses I will never forget because her ability to communicate a passion for research sparked my path to this dissertation. Dr. Julie Caplow built upon the appreciation for qualitative research that began with Dr. Hamilton, and I thank her for her support. Without Peter Carman I would not have had a platform for connecting with the French industry interviewees. I thank my family for their support, and all those who took time from their professional obligations to discuss technology and creativity with me. ii TABLE OF CONTENTS LIST OF FIGURES ............................................................................................. viii Chapter 1: Introduction ........................................................................................ 1 Statement of the problem .................................................................................. 1 Definitions ...................................................................................................... 2 The Discipline ............................................................................................ 2 The Fashion Industry ................................................................................. 3 The Luxury Segment of the Fashion Industry ............................................ 5 The Internet, the World Wide Web, and E-Commerce ............................... 7 Historical Context .......................................................................................... 9 The Origin of Luxury Fashion ..................................................................... 9 The Haute Couture .................................................................................. 15 Design diffusion through imitation. ....................................................... 17 World War II and the diffusion of fashion leadership. ........................... 19 Shifting Paradigm for the Fashion Industry .............................................. 21 The rise of a consumer-driven marketplace. ........................................ 22 The proliferation of ready-to-wear and offshore production. ................. 23 Brand development through licensing. ................................................. 24 The post-modern luxury environment. .................................................. 26 Technology created new environments for social and business interaction. ............................................................................................ 28 The creative class. ............................................................................... 33 A global competitive environment. ....................................................... 35 iii Technology, Mystery and Surprise .......................................................... 37 Technology as a threat. ........................................................................ 37 Process technology and information technology. ................................. 38 Theoretical Domain ..................................................................................... 40 Cultural Change and Anthropology .......................................................... 40 Culturology and the Internet ..................................................................... 42 Cultural Materialism and the Fashion Industry ......................................... 43 Research Method and Purpose ................................................................... 44 Grounded Theory ..................................................................................... 45 Application of Findings ............................................................................. 46 Chapter 2: Literature Review .............................................................................. 47 Fashion ........................................................................................................... 47 Creativity ......................................................................................................... 51 Technology ..................................................................................................... 55 Academic study of related topics .................................................................... 55 Theoretical domain ......................................................................................... 59 Affect of the literature review on the research process ................................... 61 CHAPTER 3: METHODOLOGY ........................................................................ 62 Conceptual Approaches to Social Science Research ..................................... 62 Qualitative Research and Design Strategy ..................................................... 63 The Long Interview ...................................................................................... 65 Exploratory perspective: Unifying Metatheory for Clothing and Textiles .. 66 Domains of Inquiry ................................................................................... 68 Determination of Subjects ........................................................................... 69 Data Collection Experience ......................................................................... 70 iv Grounded Theory ........................................................................................ 73 Chapter 4: Descriptive findings and analysis ...................................................... 76 The Creative Process ..................................................................................... 76 Defining Creativity ....................................................................................... 76 Creativity Blends Intellect and Emotion ....................................................... 78 Creativity in Fashion Design ........................................................................... 80 The Importance of Creativity in Fashion Design .......................................... 80 Categorizing Creativity ................................................................................ 80 Creative Barrier or Catalyst? ....................................................................... 81 Creativity and Marketability ...................................................................... 82 Creativity as a Competitive Advantage .................................................... 83 Constraints to Creativity in Fashion Design ............................................. 84 Consumer taste. ................................................................................... 84 Receptivity to innovation. ..................................................................... 86 A Typology of Creativity .................................................................................. 87 Influences .................................................................................................... 87 Price-Point and Creativity ........................................................................ 87 Creativity as Problem Solving .................................................................. 88 Leadership Creativity or Adaptive Creativity ................................................ 89 Creativity Type Not Bound to the Product’s Price .................................... 90 Creativity Type Related to Customer’s Taste Level ................................. 92 Interdependence of Creativity Types ....................................................... 94 Technology and Creativity............................................................................... 96 A Typology of Technology in the Fashion Industry ...................................... 96 Process Technology and Creativity ............................................................. 99 v Information Technology and the Fashion Industry ..................................... 102 Information Technology as an Administrative Tool ................................ 102 E-Mail: a necessary evil? .................................................................. 102 Adding a communication channel. ..................................................... 104 Contribution to fast fashion................................................................. 105 Limitations of Information
Recommended publications
  • Charitably Chic Lynn Willis
    Philadelphia University Spring 2007 development of (PRODUCT) RED, a campaign significantly embraced by the fashion community. Companies working with Focus on . Alumni Focus on . Industry News (PRODUCT) RED donate a large percentage of their profits to the Global Fund to fight Lynn Willis Charitably Chic AIDS. For example, Emporio Armani’s line donates 40 percent of the gross profit By Sara Wetterlin and Chaisley Lussier By Kelsey Rose, Erin Satchell and Holly Ronan margin from its sales and the GAP donates Lynn Willis 50 percent. Additionally, American Express, Trends in fashion come and go, but graduated perhaps the first large company to join the fashions that promote important social from campaign, offers customers its RED card, causes are today’s “it” items. By working where one percent of a user’s purchases Philadelphia with charitable organizations, designers, University in goes toward funding AIDS research and companies and celebrities alike are jumping treatment. Motorola and Apple have also 1994 with on the bandwagon to help promote AIDS a Bachelor created red versions of their electronics and cancer awareness. that benefit the cause. The results from of Science In previous years, Ralph Lauren has the (PRODUCT) RED campaign have been in Fashion offered his time and millions of dollars to significant, with contributions totaling over Design. Willis breast cancer research and treatment, which $1.25 million in May 2006. is senior includes the establishment of health centers Despite the fashion industry’s focus on director for the disease. Now, Lauren has taken image, think about what you can do for of public his philanthropy further by lending his someone else when purchasing clothes relations Polo logo to the breast cancer cause with and other items.
    [Show full text]
  • Jackson: Choosing a Methodology: Philosophical Underpinning
    JACKSON: CHOOSING A METHODOLOGY: PHILOSOPHICAL UNDERPINNING Choosing a Methodology: Philosophical Practitioner Research Underpinning In Higher Education Copyright © 2013 University of Cumbria Vol 7 (1) pages 49-62 Elizabeth Jackson University of Cumbria [email protected] Abstract As a university lecturer, I find that a frequent question raised by Masters students concerns the methodology chosen for research and the rationale required in dissertations. This paper unpicks some of the philosophical coherence that can inform choices to be made regarding methodology and a well-thought out rationale that can add to the rigour of a research project. It considers the conceptual framework for research including the ontological and epistemological perspectives that are pertinent in choosing a methodology and subsequently the methods to be used. The discussion is exemplified using a concrete example of a research project in order to contextualise theory within practice. Key words Ontology; epistemology; positionality; relationality; methodology; method. Introduction This paper arises from work with students writing Masters dissertations who frequently express confusion and doubt about how appropriate methodology is chosen for research. It will be argued here that consideration of philosophical underpinning can be crucial for both shaping research design and for explaining approaches taken in order to support credibility of research outcomes. It is beneficial, within the unique context of the research, for the researcher to carefully
    [Show full text]
  • Critical Making at the Edges
    Visible Language 49.3 the journal of visual communication research special issue Jessica Barness Amy Papaelias guest editors December 2015 critical making DESIGN and the DIGITAL HUMANITIES ADVISORY BOARD GUEST EDITORS' INTRODUCTION Naomi Baron — The American University, Washington, D.C. 4–11 Critical Making at the Edges Michael Bierut — Pentagram, New York, NY Jessica Barness, Amy Papaelias Matthew Carter — Carter & Cone Type, Cambridge, MA Keith Crutcher — Cincinnati, OH THEORY AND SPECULATIONS Mary Dyson — University of Reading, UK 12–33 Meta!Meta!Meta! A Speculative Design Brief for the Digital Humanities Jorge Frascara — University of Alberta, Canada / Universidad Anne Burdick de las Americas Puebla Ken Friedman — Swinburne University of Technology, Melbourne, Australia 34–61 Clues. Anomalies. Understanding. Detecting underlying assumptions and Michael Golec — School of the Chicago Art Institute, Chicago, IL Judith Gregory — University of California-Irvine, Irvine, CA expected practices in the Digital Humanities through the AIME project Kevin Larson — Microsoft Advanced Reading Technologies Donato Ricci, Robin de Mourat, Christophe Leclercq, Bruno Latour Aaron Marcus — Aaron Marcus & Associates, Berkeley, CA Per Mollerup — Swinburne University of Technology, Melbourne, Australia 62–77 Writing Images and the Cinematic Humanities Tom Ockerse — Rhode Island School of Design, Providence, RI Holly Willis Sharon Poggenpohl — Estes Park, CO Michael Renner — The Basel School of Design — Visual Communication 78–99 Beyond the Map: Unpacking
    [Show full text]
  • Design Technology Sl, Year 1
    FREEHOLD REGIONAL HIGH SCHOOL DISTRICT OFFICE OF CURRICULUM AND INSTRUCTION INTERNATIONAL BACCALAUREATE PROGRAM DESIGN TECHNOLOGY SL, YEAR 1 Grade Level: 11 Credits: 2.5 BOARD OF EDUCATION ADOPTION DATE: AUGUST 28, 2017 SUPPORTING RESOURCES AVAILABLE IN DISTRICT RESOURCE SHARING APPENDIX A: ACCOMMODATIONS AND MODIFICATIONS APPENDIX B: ASSESSMENT EVIDENCE APPENDIX C: INTERDISCIPLINARY CONNECTIONS FREEHOLD REGIONAL HIGH SCHOOL DISTRICT Board of Education Mrs. Jennifer Sutera, President Mr. Peter Bruno, Vice President Mr. Vincent Accettola Mrs. Elizabeth Canario Mr. Samuel Carollo Mrs. Amy Fankhauser Mrs. Kathie Lavin Mr. Michael Messinger Mr. Heshy Moses Central Administration Mr. Charles Sampson, Superintendent Dr. Nicole Hazel, Chief Academic Officer Ms. Shanna Howell, Director of Curriculum and Instruction Mr. Oscar Diaz, Administrative Supervisor of Curriculum & Instruction Ms. Stephanie Mechmann, Administrative Supervisor of Curriculum & Instruction Ms. Renee Schneider, Administrative Supervisor of Curriculum & Instruction Curriculum Writing Committee Mr. Thomas Jennings Supervisor Ms. Mary Hough IB DESIGN TECHNOLOGY SL YEAR 1 COURSE PHILOSOPHY The International Baccalaureate Organization provides the following philosophy: “Diploma Programme Design Technology aims to develop internationally- minded people whose enhanced understanding of design and the technological world can facilitate our shared guardianship of the planet and create a better world. Both science and technology have a fundamental relationship with design. Technology preceded science, but now most technological developments are based on scientific understanding. Traditional technology comprised useful artifacts often with little understanding of the science underpinning their production and use. In contrast, modern technology involves the application of scientific discoveries to produce useful artifacts. The application of scientific discovery to solve a problem enables designers to create new technologies and these new technologies, in turn, can impact on the rate of scientific discovery.
    [Show full text]
  • 9780367508234 Text.Pdf
    Development of the Global Film Industry The global film industry has witnessed significant transformations in the past few years. Regions outside the USA have begun to prosper while non-traditional produc- tion companies such as Netflix have assumed a larger market share and online movies adapted from literature have continued to gain in popularity. How have these trends shaped the global film industry? This book answers this question by analyzing an increasingly globalized business through a global lens. Development of the Global Film Industry examines the recent history and current state of the business in all parts of the world. While many existing studies focus on the internal workings of the industry, such as production, distribution and screening, this study takes a “big picture” view, encompassing the transnational integration of the cultural and entertainment industry as a whole, and pays more attention to the coordinated develop- ment of the film industry in the light of influence from literature, television, animation, games and other sectors. This volume is a critical reference for students, scholars and the public to help them understand the major trends facing the global film industry in today’s world. Qiao Li is Associate Professor at Taylor’s University, Selangor, Malaysia, and Visiting Professor at the Université Paris 1 Panthéon- Sorbonne. He has a PhD in Film Studies from the University of Gloucestershire, UK, with expertise in Chinese- language cinema. He is a PhD supervisor, a film festival jury member, and an enthusiast of digital filmmaking with award- winning short films. He is the editor ofMigration and Memory: Arts and Cinemas of the Chinese Diaspora (Maison des Sciences et de l’Homme du Pacifique, 2019).
    [Show full text]
  • By Patrick James Barry a Dissertation Submitted in Partial Fulfillment of The
    CONFIRMATION BIAS: STAGED STORYTELLING IN SUPREME COURT CONFIRMATION HEARINGS by Patrick James Barry A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy (English Language and Literature) in the University of Michigan 2015 Doctoral Committee: Professor Enoch Brater, Chair Associate Professor Martha Jones Professor Sidonie Smith Emeritus Professor James Boyd White TABLE OF CONTENTS CHAPTER 1 SITES OF THEATRICALITY 1 CHAPTER 2 SITES OF STORYTELLING 32 CHAPTER 3 THE TAUNTING OF AMERICA: THE SUPREME COURT CONFIRMATION HEARING OF ROBERT BORK 55 CHAPTER 4 POISON IN THE EAR: THE SUPREME COURT CONFIRMATION HEARING OF CLARENCE THOMAS 82 CHAPTER 5 THE WISE LATINA: THE SUPREME COURT CONFIRMATION HEARING OF SONIA SOTOMAYOR 112 CHAPTER 6 CONCLUSION: CONFIRMATION CRITIQUE 141 WORK CITED 166 ii CHAPTER 1 SITES OF THEATRICALITY The theater is a place where a nation thinks in public in front of itself. --Martin Esslin, An Anatomy of Drama (1977)1 The Supreme Court confirmation process—once a largely behind-the-scenes affair—has lately moved front-and-center onto the public stage. --Laurence Tribe, Advice and Consent (1992)2 I. In 1975 Milner Ball, then a law professor at the University of Georgia, published an article in the Stanford Law Review called “The Play’s the Thing: An Unscientific Reflection on Trials Under the Rubric of Theater.” In it, Ball argued that by looking at the actions that take place in a courtroom as a “type of theater,” we might better understand the nature of these actions and “thereby make a small contribution to an understanding of the role of law in our society.”3 At the time, Ball’s view that courtroom action had an important “theatrical quality”4 was a minority position, even a 1 Esslin, Martin.
    [Show full text]
  • Risk Management of Research and Development Projects; Evidence from Insurance Sector in Kuwait
    ISSN:2229- 6247 Sundus K Al-Yatama et al | International Journal of Business Management and Economic Research(IJBMER), Vol 12(2), 2021, 1893-1902 Risk Management of Research and Development Projects; Evidence from Insurance Sector in Kuwait Dr. Sundus K Al-Yatama Assistant Professor, Department of Insurance and Banking, College of Business Studies, PAAET, Kuwait Dr. Nasser Assaf Assistant Professor, Talal Abu-Ghazaleh University College for Innovation (TAGUCI), Jordan Dr. Saad Zighan* Assistant Professor, Faculty of Administrative and Financial Studies, University of Petra, Jordan *Corresponding Author: [email protected]; Abstract Research and development projects are a substantial feature of insurance companies' competitiveness and survival. However, these projects are developed in high-uncertainty environments, and risk management becomes a crucial tool for R&D project managers. Thus, this study focuses on the risk management of R&D projects and attempts to mitigate the risks in R&D projects in insurance companies. Data were collected from 15 insurance companies in Kuwait, and 30 online interviews were conducted. This study identified several risks related to R&D projects in the insurance sector. Those risks were grouped into three main sets: risks associated with the nature of the Research and development projects, risks related to the customer, and risks associated with the project's nature. The study finds that proactive and reactive risk management is critical to managing the R&D project's risks. Accordingly, the study developed an ongoing risk management model involving six steps planning, identify risks, risk assessment, risk analysis, implementation, and monitoring Keywords: Insurance Sector; R&D Projects; Risk Management; Ongoing Risk Management Model 1.
    [Show full text]
  • Applications of Systems Engineering to the Research, Design, And
    Applications of Systems Engineering to the Research, Design, and Development of Wind Energy Systems K. Dykes and R. Meadows With contributions from: F. Felker, P. Graf, M. Hand, M. Lunacek, J. Michalakes, P. Moriarty, W. Musial, and P. Veers NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency & Renewable Energy, operated by the Alliance for Sustainable Energy, LLC. Technical Report NREL/TP-5000-52616 December 2011 Contract No. DE -AC36-08GO28308 Applications of Systems Engineering to the Research, Design, and Development of Wind Energy Systems Authors: K. Dykes and R. Meadows With contributions from: F. Felker, P. Graf, M. Hand, M. Lunacek, J. Michalakes, P. Moriarty, W. Musial, and P. Veers Prepared under Task No. WE11.0341 NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency & Renewable Energy, operated by the Alliance for Sustainable Energy, LLC. National Renewable Energy Laboratory Technical Report NREL/TP-5000-52616 1617 Cole Boulevard Golden, Colorado 80401 December 2011 303-275-3000 • www.nrel.gov Contract No. DE-AC36-08GO28308 NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof.
    [Show full text]
  • Techniques of Fashion Earrings Pdf, Epub, Ebook
    TECHNIQUES OF FASHION EARRINGS PDF, EPUB, EBOOK Deon Delange | 72 pages | 01 Sep 1995 | Eagles View Publishing | 9780943604442 | English | Liberty, Utah, United States Techniques of Fashion Earrings PDF Book These stunning geometric earrings are perfect for a night out on the town or a shopping trip with the girls. And even if you don't go straight over your pencil lines, just kind of go with the flow; let your body feel it as you go. Trends influence what all of us wear to some extent, which is fine. Brendan How to draw human body for fashion design? Do share with us your creations! Two completely different looks, one set of clothe. Spice up some simple silver hoops with this awesome video tutorial for how to make bead earrings. You'll end up losing yourself. My advice? Make a note of the combinations you like if that helps to trigger your memory later. Stringing beads on multiple wires. The days of only wearing one tone of metal is over. When it comes to DIY jewelry, beaded earrings are some of the prettiest patterns out there. As an illustration, one pair of earring contains three hanging flowers: gentle pink, pale purple, and deep purple. Your email address will not be published. Tutorial Features: This beaded Christmas tree pattern will teach you how to make peyote stitch earrings and a peyote stitch necklace. All these bangle styles may be worn in one or each arms relying in your outfit, model and occasion. Eco-friendly jewellery. Try some dangling pearl earrings with a summer print for a fun and flirty look.
    [Show full text]
  • Volume 2, Issue 3, Autumn 2018
    The Journal of Dress History Volume 2, Issue 3, Autumn 2018 Front Cover Image: Textile Detail of an Evening Dress, circa 1950s, Maker Unknown, Middlesex University Fashion Collection, London, England, F2021AB. The Middlesex University Fashion Collection comprises approximately 450 garments for women and men, textiles, accessories including hats, shoes, gloves, and more, plus hundreds of haberdashery items including buttons and trimmings, from the nineteenth century to the present day. Browse the Middlesex University Fashion Collection at https://tinyurl.com/middlesex-fashion. The Journal of Dress History Volume 2, Issue 3, Autumn 2018 Editor–in–Chief Jennifer Daley Editor Scott Hughes Myerly Proofreader Georgina Chappell Published by The Association of Dress Historians [email protected] www.dresshistorians.org The Journal of Dress History Volume 2, Issue 3, Autumn 2018 [email protected] www.dresshistorians.org Copyright © 2018 The Association of Dress Historians ISSN 2515–0995 Online Computer Library Centre (OCLC) accession #988749854 The Journal of Dress History is the academic publication of The Association of Dress Historians through which scholars can articulate original research in a constructive, interdisciplinary, and peer reviewed environment. The Association of Dress Historians supports and promotes the advancement of public knowledge and education in the history of dress and textiles. The Association of Dress Historians (ADH) is Registered Charity #1014876 of The Charity Commission for England and Wales. The Journal of Dress History is copyrighted by the publisher, The Association of Dress Historians, while each published author within the journal holds the copyright to their individual article. The Journal of Dress History is circulated solely for educational purposes, completely free of charge, and not for sale or profit.
    [Show full text]
  • LCSH Section L
    L (The sound) Formal languages La Boderie family (Not Subd Geog) [P235.5] Machine theory UF Boderie family BT Consonants L1 algebras La Bonte Creek (Wyo.) Phonetics UF Algebras, L1 UF LaBonte Creek (Wyo.) L.17 (Transport plane) BT Harmonic analysis BT Rivers—Wyoming USE Scylla (Transport plane) Locally compact groups La Bonte Station (Wyo.) L-29 (Training plane) L2TP (Computer network protocol) UF Camp Marshall (Wyo.) USE Delfin (Training plane) [TK5105.572] Labonte Station (Wyo.) L-98 (Whale) UF Layer 2 Tunneling Protocol (Computer network BT Pony express stations—Wyoming USE Luna (Whale) protocol) Stagecoach stations—Wyoming L. A. Franco (Fictitious character) BT Computer network protocols La Borde Site (France) USE Franco, L. A. (Fictitious character) L98 (Whale) USE Borde Site (France) L.A.K. Reservoir (Wyo.) USE Luna (Whale) La Bourdonnaye family (Not Subd Geog) USE LAK Reservoir (Wyo.) LA 1 (La.) La Braña Region (Spain) L.A. Noire (Game) USE Louisiana Highway 1 (La.) USE Braña Region (Spain) UF Los Angeles Noire (Game) La-5 (Fighter plane) La Branche, Bayou (La.) BT Video games USE Lavochkin La-5 (Fighter plane) UF Bayou La Branche (La.) L.C.C. (Life cycle costing) La-7 (Fighter plane) Bayou Labranche (La.) USE Life cycle costing USE Lavochkin La-7 (Fighter plane) Labranche, Bayou (La.) L.C. Smith shotgun (Not Subd Geog) La Albarrada, Battle of, Chile, 1631 BT Bayous—Louisiana UF Smith shotgun USE Albarrada, Battle of, Chile, 1631 La Brea Avenue (Los Angeles, Calif.) BT Shotguns La Albufereta de Alicante Site (Spain) This heading is not valid for use as a geographic L Class (Destroyers : 1939-1948) (Not Subd Geog) USE Albufereta de Alicante Site (Spain) subdivision.
    [Show full text]
  • Issue: Fashion Industry Fashion Industry
    Issue: Fashion Industry Fashion Industry By: Vickie Elmer Pub. Date: January 16, 2017 Access Date: October 1, 2021 DOI: 10.1177/237455680302.n1 Source URL: http://businessresearcher.sagepub.com/sbr-1863-101702-2766972/20170116/fashion-industry ©2021 SAGE Publishing, Inc. All Rights Reserved. ©2021 SAGE Publishing, Inc. All Rights Reserved. Can it adapt to changing times? Executive Summary The global fashion business is going through a period of intense change and competition, with disruption coming in many colors: global online marketplaces, slower growth, more startups and consumers who now seem bored by what once excited them. Many U.S. shoppers have grown tired of buying Prada and Chanel suits and prefer to spend their money on experiences rather than clothes. Questions about fashion companies’ labor and environmental practices are leading to new policies, although some critics remain unconvinced. Fashion still relies on creativity, innovation and consumer attention, some of which comes from technology and some from celebrities. Here are some key takeaways: High-fashion brands must now compete with “fast fashion,” apparel sold on eBay and vintage sites. Risk factors for fashion companies include China’s growth slowdown, reduced global trade, Brexit, terrorist attacks and erratic commodity prices. Plus-size women are a growing segment of the market, yet critics say designers are ignoring them. Overview José Neves launched Farfetch during the global economic crisis of 2008, drawing more on his background in IT and software than a love of fashion. His idea: Allow small designers and fashion shops to sell their wares worldwide on a single online marketplace. The site will “fetch” fashion from far-off places.
    [Show full text]