
For a broken fashion system, the much-anticipated reports from the Boston consulting group and council of fashion designers of America offered a few solutions. Retail industries are affected majorly due to the rise of fast fashion and frequently shifting consumer shopping preferences along with high fashion brands reflecting a slow reaction to it. These brands are held to strict presentation calendars with regards to launching new lines.
Typical, the fashion shows which reflect new collections in fall represent the clothes for next spring while the shows in spring reflect the styles for fall. There are ready to wear apparels or pieces which are released in the following months as well. Many famous companies like Forever 21 or Zara etc take ideas from these presentations, imbibe those in a season-appropriate manner and at fewer prices.
This is typically viewed as a market opportunity as people buying from fast fashion brands take price as the utmost consideration. A change in tune has been seen when it comes to shopping irrespective of all ages and budget which is known as the “see now and buy now” trend in which a designer makes his presentation more season-appropriate and ready to wear.
Three major challenges according to the reports with regards to fast fashion are as follows:
The answers given by the report of the Boston consulting group and council of fashion designers of America are as follows:
Solution 1: There should be more intimate press appointments 5-6 months before delivery which will enable the option to have in-season activations when it is delivered to stores
If there are previews of the line at least 5-6 months in advance to earn exclusive press attention, partnerships, or positioning for the collection, The shoppers’ lack of novelty can be stopped.
The benefit of this idea will be as follows:
Solution 2: Maintaining the current timing but for increased shoppability including capsule collections.
To address the shifting consumer preferences, this is how most high-end brands are dealing with the same also known as the “see now, buy now” trend. It will address the demand for more immediacy along with building excitement for future collections.
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