Fashion Forecasting
Fashion Forecasting
Terminology of Fashion
● Fashion: that which characterizes or distinguishes the habits, manners, and dress of a period or
group.
● Style: distinctive appearance and combination of unique features that creates a look that is
acceptable at the time by a majority of a group.
● Taste: prevailing opinion of what is or is not appropriate for a particular occasion.
● Trend: first signal of change in general direction or movement.
○ Stage 3: Culmination
■ Height of popularity and use
■ Accepted throughout multiple markets
■ Mass production with new design details, colors, and innovations
■ Possibility for the style to become a classic
■ Potential for volume sales in mass market
○ Stage 4: Decline
■ Repetition of looks
■ Decline of interest and decrease in demand by consumer
■ Market is saturated with fashion product
■ Price resistance by consumer
■ Retailers mark down merchandise and offer price incentives
■ Production slows
○ Stage 5: Obsolescence
■ Lack of interest for look and no interest for the product
■ No retail potential at any price
■ Consumer is reluctant to buy.
Pendulum Swings
● Movement of fashion between extremes
○ Jeans:
■ Worn at or near the natural waistline
■ Jeans began to be worn lower and lower
■ Eventually jeans could not go any lower
■ New trend of “high waist” pants emerged
Fashion Curves
● Fad
○ A look that swiftly becomes popular, is widely accepted, and then rapidly disappears
■ Has a prevalent feature or detail
■ Often appear in the accessory market
● Classic
○ A look that remains in the fashion for a long time
■ Simple design that satisfies basic needs
■ A classic silhouette is timeless
■ Women: the little black dress (introduced by Coco Chanel in 1926).
■ Men: single- breasted blazer in navy, brown, or black
■ Do not have exaggerated details or trims.
Speed of Fashion Change
● Introduction and rise stages speed is faster
● Middle stages the adoption process slows
● Obsolescence stage style ends due to the lack of interest from the consumer
● The speed of fashion has become increasingly faster through instant access to information
through technology.