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Fashion marketing : influencing consumer choice and loyalty with fashion products PDF

144 Pages·2015·1.42 MB·English
by  Le Bon
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THE BUSINESS Fashion Marketing L Consumer Behavior Collection E EXPERT PRESS B Influencing Consumer Choice and O Naresh Malhotra, Editor DIGITAL LIBRARIES N Loyalty with Fashion Products EBOOKS FOR Caroline Le Bon BUSINESS STUDENTS Fashion is everywhere! It transcends domains and applies Curriculum-oriented, born- to almost any kind of product (e.g., apparel, cars, digital digital books for advanced business students, written devices, food, literature, travel, music, house decoration, Fashion and personal wellness). Fashion greatly influences public by academic thought leaders who translate real- interest, media coverage, and product success. The global world business experience fashion industry is among the most important in terms of Marketing into course readings and investments, trade, and employment, despite its depen- reference materials for dence on unpredictable demand. students expecting to tackle This book focuses on the fashion apparel and accesso- Influencing management and leadership ries industry in an attempt to help managers answer the challenges during their following questions: Why and how do fashion products professional careers. appeal to consumers, despite their constantly varying at- Consumer Choice POLICIES BUILT tributes? What specific elements and benefits of fashion BY LIBRARIANS influence consumers, and how can companies exploit • Unlimited simultaneous them and gain from these? Which marketing strategies and Loyalty with usage and tactics should companies use to increase fashion F A • Unrestricted downloading products’ success while communicating and managing S and printing customers’ image? How can companies maintain cus- H Fashion Products I • Perpetual access for a tomer loyalty and generate higher profits with fashion ON one-time fee products? By undertaking deep analyses of manufactur- M • No platform or A ers and retailers’ best practices, interviewing customers R maintenance fees K and companies, and reviewing recent academic research E • Free MARC records T on fashion marketing, this book answers such questions I • No license to execute N and thus helps managers leverage the value that fashion G The Digital Libraries are a adds to products while creating loyal customers in truly comprehensive, cost-effective Caroline Le Bon competitive fashion markets. way to deliver practical treatments of important Caroline Le Bon is Adjunct Professor of Marketing at the business issues to every University of Houston-Downtown and a Research Asso- student and faculty member. ciate at the University of Paul Cézanne Aix-Marseille III, France. She received a Master’s degree in Retail Manage- ment, Logistics and Negotiation from the University of Paris Dauphine; a Master’s of Science in Marketing from For further information, a the University of Paris Sorbonne; and a PhD in Marketing free trial, or to order, contact:  from the University of Paul Cézanne Aix-Marseille III. She [email protected] has 10 years of experience as a fashion buyer in Paris. www.businessexpertpress.com/librarians Consumer Behavior Collection Naresh Malhotra, Editor ISBN: 978-1-60649-904-7 Fashion Marketing Fashion Marketing Influencing Consumer Choice and Loyalty with Fashion Products Caroline Le Bon Fashion Marketing: Influencing Consumer Choice and Loyalty with Fashion Products Copyright © Business Expert Press, LLC, 2015. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means—electronic, mechanical, photocopy, recording, or any other except for brief quotations, not to exceed 400 words, without the prior permission of the publisher. First published in 2015 by Business Expert Press, LLC 222 East 46th Street, New York, NY 10017 www.businessexpertpress.com ISBN-13: 978-1-60649-904-7 (paperback) ISBN-13: 978-1-60649-905-4 (e-book) Business Expert Press Consumer Behavior Collection Collection ISSN: 2163-9477 (print) Collection ISSN: 2163-937X (electronic) Cover and interior design by Exeter Premedia Services Private Ltd., Chennai, India First edition: 2015 10 9 8 7 6 5 4 3 2 1 Printed in the United States of America. To my husband Joël and our globetrotters Clément, Valentine, and Mathilde To my mother, my first fashion model Abstract Fashion is everywhere! It transcends domains and applies to almost any kind of product (e.g., apparel, cars, digital devices, food, literature, travel, music, house decoration, and personal wellness). Fashion greatly influences public interest, media coverage, and product success. In this global industry, many actors interact, including designers, suppliers, and retailers, who collaborate to sell apparel and accessories. In addition, the global fashion industry is among the most important in terms of investments, trade, and employment, despite its dependence on unpredictable demand. Thus, fashion companies face a dilemma: On the one hand, they repeat- edly create ephemeral products that must seduce customers each time; whereas on the other hand, the products need to provide continual profits. A key challenge for fashion managers is to design and launch new fashion products that will achieve success with customers during their very short life spans, in which setting they also affect consumers’ personal seductiveness, desire, and appearance. For example, will the long skirt have the same success than the skinny jean, or will the high heel prevail over the flats? A fashion dress is more than just a dress—it can change people’s appearance and reveal consumers’ identity. Consequently, fashion managers are responsible for not just their product lines but also the self-images they help customers convey. This book focuses on the fashion apparel and accessories industry in an attempt to help managers answer the following questions: Why and how do fashion products appeal to consumers, despite their constantly varying attri- butes? What specific elements and benefits of fashion influence consumers, and how can companies exploit them and gain from these? Which marketing strategies and tactics should companies use to increase fashion products’ suc- cess while communicating and managing customers’ image? How can com- panies maintain customers’ loyalty and generate higher profits with fashion products? By undertaking deep analyses of manufacturers and retailers’ best practices, interviewing customers and companies, and reviewing recent aca- demic research on fashion marketing, this book answers such questions and thus helps managers leverage the value that fashion adds to products while creating loyal customers in truly competitive fashion markets. Keywords customer loyalty, fashion, fashion equity, fashion marketing, social influence, symbolic influence Contents Preface ��������������������������������������������������������������������������������������������������xi Acknowledgments ���������������������������������������������������������������������������������xiii Introduction �����������������������������������������������������������������������������������������xv Chapter 1 Fashion as the Empire of Seduction ...................................1 Chapter 2 Fashion as a World of Influences ......................................21 Chapter 3 Fashion and Product Variety ............................................29 Chapter 4 Overseeing Cost and Price in Fashion Marketing .............37 Chapter 5 Fashion as a Means of Communication ............................47 Chapter 6 M anaging Channels of Distribution and Enhancing Fashion’s Impact ......................................67 Chapter 7 Leveraging Fashion Equity, the Absolute Benefit ..............81 Chapter 8 H andling Managers’ Challenges for Successful Fashion Products ..............................................................91 Conclusion .........................................................................................107 About the Author ................................................................................109 Notes��������������������������������������������������������������������������������������������������111 References �������������������������������������������������������������������������������������������115 Index �������������������������������������������������������������������������������������������������121

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