MARKETING IN LUXURY FASHION INDUSTRY: CONTEMPORARY METHODS OF CUSTOMER ATTRACTION By Ivanova Evgeniya Moscow 2013 CONTENTS 1.1.Getting to know luxury 5 1.2.The global market of luxury goods 9 1.3.Methods of customer attraction 11 2.1.Burberry 19 2.2.Gucci 21 2.3.LVMH 24 Introduction What exactly do we mean by " luxury"? Most of us are able to recognize a luxury product‚ but we are unable to define the specific characteristics
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Globalisation is a capitalist process that has taken off as a concept in the wake of the collapse of communism as a viable alternate form of economic organisation as we are increasingly been seen as living in the era of globalisation. Globalisation describes the increased mobility of goods‚ services‚ labour‚ technology and finance & capital throughout the world. Although globalisation is not a new development‚ its pace has increased with the advent of new technologies‚ especially in the area of telecommunications
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world. Within this assignment I’m going to examine the theory surrounding globalisation and also its impact on local/national economies in lesser developed nations i.e. The third world. Definition of Globalisation Gunter and Hoeven (2004) suggest that globalisation is the integration of economies and societies causing increasing homogenisation of the world population and the markets. The main drivers of globalisation have been the introduction of new technologies allowing for increased communication
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Essay 31.03.2011 Fashion & Franchising Data of franchising in fashion industry testifies that over 60 % networks of known trademarks are organized by a franchise principle. In nonfood trade the greatest share of franchise market in 2008 was occupied with clothes and footwear franchises (51 %). In comparison with 2007‚ there was registered a strong jump in development of clothes trade which made 40.5 %‚ and footwear trade – 84.6 %[1]. Let’s consider experience of large and all known franchising
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Fashion in India has become a growing industry with international events such as the India Fashion Week and annual shows by fashion designers in the major cities of India. The victories of a number of Indian beauty queens in International events such as the Miss World and Miss Universe contests have also made Indian models recognized worldwide. Fashion designers such as Ritu Kumar‚ Ritu Beri‚ Rohit Bal‚ Rina Dhaka‚ Muzaffar Ali‚ Satya Paul‚ Abraham and Thakore‚ Tarun Tahiliani‚ JJ Valaya and Manish
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What is the Fashion | This term does not just define all the latest or the most popular or the most famous clothes. In reality this social phenomenon involves more importance. In some way fashion helps us to show who we are and depict our personality in the terms of visual information. In the way we choosing clothes we show our attitude to world and other people. It is also some kind of communication. We put some of our personality at everything‚ how we behave at different situations‚ what we eat
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CASE 1: ZARA INTERNATIONAL: Fashion at the Speed of Light At the announcement of her engagement to Spain’s Crown Prince Letizia Ortiz Rocasolano wore a chic white pant suit. Within a few weeks‚ hundreds of European women sported the same look. Welcome to a fashion‚ a trend that sees clothing retailers frequently purchasing small quantities of merchandise to stay on top of emerging trends. In this world of "hot today‚ gauche tomorrow‚" no company does fast fashion better than Zara international
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Nikaya Glidden Mr. Lang English 12 1/10/13 Fashion Research Fashion is and expression of the spirit of the time and often a reaction to what proceeded it. Apparel manufacturing and trend setting was long before the european colonization of North America. When English settlers came to America they brought their trends with them and continued to import manufactured textiles for several generations. Native American clothing included moccasins‚ deer skin‚ fur parkas‚ head dresses and
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TOPIC: GLOBALISATION AND IDENTITY-HOW GLOBALISATION HAS RESULTED IN THE LOSS OF THE LOCAL IDENTITY IN AFRICA? INTRODUCTION As globalisation is a double-edged sword‚ and it cannot be turned back‚ whether we are in favor of globalization or are against it‚ it is definitely an ever-expanding process (Yusuf 2007). With the advancement in transportation and communication technology‚ including news media and the widespread use of the internet‚ the process of g lobalization becomes more and more speed-up
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Fashion designs come in and out of ‘style’‚ which is known as the cycle of fashion. Trends always come in and out of style‚ but the consumers keep up with trends due to the feeling of needing the newest trend. Fashion is fuelled by conversion. Designers continually persuade the public that their new ideas are everything that a stylish wardrobe requires. In upcoming seasons‚ the same designers convince everyone to give up their now outdated designs and embrace the trends of the latest collections
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