The sports fashion industry is an image industry that creates the values of sensations and times.
The sports fashion industry is 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 associated with 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 inside of human needs of life, and when incomes rise, fashion tends to differ from the concept of clothing to the concept of self-expression and life way of life. In modern society, as fashion has converted into a kind of cultural product that expresses your own lifestyle, the fashion industry has developed into a lifestyle culture industry that enrich and enrich the items in life.
In addition for the value of a product, it is also 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 added value by brand image or variety.
Sportstoto In the past, the fashion industry was reborn as a quality industry as attributable to changes in overall industrial base, for example high-quality product production technology, 안전놀이터 high-end fashion personnel from professional designers, consumers’ wish to have high-sensitivity fashion, the rise of women in their teens to early 30s as a consumer entity, the increase of professional women’s economic activities, as well as 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 49.4316 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 is becoming more fragmented and a chance to create new fashion business portions. In addition, new competition and growth are expected in the international market simply because of the acceleration of overseas advancement.
The fashion business is really a domestic-oriented industrial structure, that more understanding of changes from the domestic economy than other industries. In step with the consumer sentiment index and clothing spending forecast compiled via Bank of Korea, individuals’ projected shelling out for clothing is very correlated with consumer sentiment, a gauge of consumers’ overall thought of the economic conditions. In addition, individuals’ consumer spending is closely related to disposable income, so the style and clothing industries are highly correlated with economic fluctuations.
On one other hand, the sensitivity to economic fluctuations varies somewhat according to the obedience within the garment, without the pain . overall sensitivity of the men’s wear being essentially the most sensitive to economic movement. On the other hand, the consumers in the luxury goods market are limited, and the intake of high-income households, the main consumers, is not more responsive to the economy than those in the low- and middle-income brackets, and also the luxury goods, women’s clothing, and casual, which we focus on, are seen as a relatively slow and low economic movement.
In terms of the seasonal nature within the fashion industry, the share of F/W (fall/winter) regarding S/S (spring and summer) is relatively large, especially in the fourth quarter compared to the third quarter capsicum is derived from unit price of 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 marketplace is mainly covered with competition among large companies to attract luxury brands and expand the distribution network. Women’s clothing is quite competitive since the device 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 out of the characteristics of simple fashion ride the bike.
The laws applicable in relation to the retail sale of textiles, textiles, clothing and clothing accessories include laws caused by 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 Regulation of Terms and Conditions, pick up an object on the Fair Trade Commission at the Fair Trade Commission’s Notice and Information.