The sports fashion industry is actually definitely an image industry that creates the values of sensations and times.
The sports fashion industry is actually definitely an image industry that creates the values of sensations and times. Unlike simple manufacturing industries, it is an amalgamated industry that reflects consumers’ sensibilities and desires ultimately design and commercializes them and completes them with diverse image and high sensitivity marketing strategies.
It is an essential industry that satisfies the “meaningful” sector among not surprisingly human needs of life, and when incomes rise, fashion tends to cover anything from the concept of clothing to the concept of self-expression and life modern society. In modern society, as fashion has changed to a kind of cultural product that expresses your lifestyle, the fashion industry has developed into a life-style culture industry that enrich and enrich the items in life.
In addition to the value of a product, it also is a high value-added industry that creates non-product value, i.e. psychological Fashion products are representative products which high value added according to fashion or brand image, design, material, aesthetic sense and expression, and can be included value by brand image or look.
Sportstoto In the past, the fashion industry was reborn as a top quality industry as a result of changes in overall industrial base, 안전놀이터 for example high-quality product production technology, high-end fashion personnel from professional designers, consumers’ desire for high-sensitivity fashion, the rise of women in their teens to early 30s as a buyer entity, the increase of professional women’s economic activities, and also the increase of fashion mania according to brand concept and awareness.
South Korea’s fashion market, which shows high sensitivity to economic fluctuations, already been showing high growth recently. The domestic fashion market is forming a market size of 38.4316 trillion won (as of 2018). (Data: Korea Federation of Textile Industries)
In addition, due to factors such as life style change, rational consumption culture pursuit, and market polarization, the fashion market has become more fragmented and a chance to create new fashion business fields. In addition, new competition and growth are expected in the world market since of the acceleration of overseas advancement.
The fashion business is a domestic-oriented industrial structure, that more responsive to changes their domestic economy than other industries. Internet site the consumer sentiment index and clothing spending forecast compiled by the Bank of Korea, individuals’ projected investing in clothing is extremely correlated with consumer sentiment, a gauge of consumers’ overall thought of the financial state. In addition, individuals’ consumer spending is closely related to disposable income, so the fashion and clothing industries are highly correlated with economic fluctuations.
On another hand, the sensitivity to economic fluctuations varies somewhat according towards the obedience for the garment, without the pain . overall sensitivity of the men’s wear being probably the most sensitive to economic variances. On the other hand, the consumers in luxurious home market goods market are limited, and the intake of high-income households, the main consumers, is not more understanding of the economy than those involved with the low- and middle-income brackets, and also the luxury goods, women’s clothing, and casual, which we focus on, are known as relatively slow and low economic changes.
In regards to the seasonal nature of the fashion industry, the share of F/W (fall/winter) regarding S/S (spring and summer) is relatively large, especially in the fourth quarter rather than the third quarter as being the unit associated with winter products is generally higher compared to other seasonal products.
Sportstoto Regarding overseas brand market, capacity to to possess and find promising foreign brands, preoccupy and expand the distribution network is paramount, whilst in that respect, the nation’s luxury market is mainly covered with competition among large companies to attract luxury brands and expand the distribution network. Women’s clothing is extremely competitive considering that has more competitors than other submissives such as men’s clothing, infant uniform and sportswear, and differentiators are formed based on brand images or product styles that can’t be easily imitated consequence of the characteristics of brief fashion action.
The laws applicable with regards to the retail sale of textiles, textiles, clothing and clothing accessories include laws related to intellectual property (patent, utility news, designs, trademarks) and laws on monopoly regulation and fair trade, and consumer protection in e-commerce, etc. Other relevant statutes include pick up an object on Damaging Terms and Conditions, the act on the Fair Trade Commission using the Fair Trade Commission’s Notice and Points.