Fashion Cycle

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Fashion Cycle

The Fashion Cycle.


• The period of time or life span during which the fashion
exists.

1. Introduction.
2. Rise.
3. Peak.
4. Decline.
5. Obsolescence.
• Designs first previewed during fashion week “Fashion
Leaders” wear the style Limited number of people purchase
1. Introduction Stage • Designs first previewed during fashion week • “Fashion
Leaders” wear the style • Limited number of people purchase • High Price

2. Rise Stage • Manufacturers will copy new designer styles • Less expensive fabrics
used to create similar style at cheaper prices • More people wear the fashion =
higher sales

3. Peak Stage • Fashion is most popular at this stage • Merchandise is mass


produced and distributed • Popularity of style determine how long fashion stays in
this cycle • Will survive longer it fashion becomes a “classic” • Changes in design,
color or texture keep fashions in this stage (ex: Cardigan Sweater)

4. Decline Stage • Consumers grow tired of the fashion and demand decreases •
Retailers markdown items to increase demand and make room for new designs.

5. Obsolescence Stage • End of the fashion • Price of fashion will be low, but
consumers still may not purchase
• Fashion Leaders • Trendsetters or individuals who are the first to wear new
styles. • Not afraid to wear something before others • High profile: Celebrities,
Models • Styles are often displayed at award shows, movie premiers

• Fashion Followers • Wear fashions only when they become firmly accepted •
When available in more retail stores • When fashion reaches mass acceptance
with the majority of the general public

• Fashion Laggers • Last to adopt a new fashion

• Buying Behaviors • Majority of consumers “follow” rather than “lead” • Why?


• People feel insecure • Easier to conform to standards • Lack of time or
money for shopping
Theories of Fashion Movement
Trickle-Down Theory • Suggests that fashion trends start at the top
with consumers of higher socioeconomic status and moves down to
the general public • People with lower incomes (at the bottom of the
fashion ladder) will only wear fashions that have become popular
among consumers with higher incomes. • As more people “adopt” the
fashion, those at the top become less interested

Trickle-Up Theory • Suggests fashion starts with lower-level income


consumers and then moves towards consumer with higher income. •
Trickle-Across Theory • Fashions are accepted at the same time by all
socioeconomic classes because there are “fashion leaders” in all
groups.
Factors influencing Fashion
• Social Factors
• Cultural Factors
• Political Factors
• Environmental Factors
• Psychological Factors
• Economical Factors
• Celebrities
• Movies and Music
• Occasion

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