Wednesday, August 7, 2013

Week 5 EOC: Trend Predictions

Fashion Predicting can be very fun but also takes a long to and could become tricky. Next year’s trends are basically in the hands of the people who look for patterns, news, and do research on this kind of things.  “Fashion trend forecasting resources help predict trends in the fashion industry. Fashion & trend forecasting is the prediction of mood, behavior and buying habits of the consumer at particular time of season. It is no longer a question of finding your markets or consumers by age, geography or income, but looking into how and what they buy, based on their culture, mood, beliefs, occasion & geographic locations, it is also dependent on fashion cycle and plays a major role in introductory phase of recurring fashion cycles.” Fashion prediction takes things to a deeper and more personal level for the companies they work for, they help the brands find ways to bond with their customers.
In an interview, Shari Swan, a Trend Predictor gave some tips on how people buy, what companies should look out for, and what the future holds. When she is advising companies about what to look for, for inspiration and to set new trends she tells them “I preach the gospel to brands about ‘looking sideways’ at products and brands in markets beyond their own.” In other words look for inspiration within other industries, such as, technology, interior, engineering, etc. She also believes that brands will start to go back to the basics, become more simple and uncomplicated. Companies will go back to their roots, what made them successful in the first place. To keep being successful brands need to be authentic, honest, and sincere. She states “Brands will struggle if they don’t take ethical ethos and corporate principles seriously.”
Reading through Shari Swan’s interview, a few points really stood out to me. When she talked about companies should ‘look sideways’ was a great point. If companies want to stand out and be innovative they should look elsewhere. They don’t want to just look at what their competition is doing of what the other fashion trend setters are thinking of, because that would surprise anyone or make you the top brand to look out for. Also when Shari said “Social and ethical responsibility is now a given for doing business in today’s environment.” This statement is very important to all brands, shoppers nowadays want to buy from brands that are helping make a change in the world and they also like knowing that when they buy something that they are contributing to a great cause.
From a report from WeConnectFashion they have posted the trends for spring/summer 2014 courtesy of Fashion Snoops (Online Fashion Forecasting Service), Edie Sedgwick, Spice Trail, American Pie, and Grown Up Grunge.

Citations:
Davis, M., and Baldwin, J. (2006). More Than a Name: An Introduction to Branding. AVA Publishing. Page 153
Singh, D. Pink is out but Blue is in… Understanding Fashion & trend forecasting? Retrieved on August 10, 2013 from www.fibre2fashion.com/industry-article/9/836/pink-is-out-but-blue-is-in-understanding-fashion-trend -forecasting1.asp
WeConnectFashion. Women’s Top 4 Trend Themes S/S 2014. Fashion Snoops. Retrieved on August 10, 2013 from www.weconnectfashion.com/fido/getarticle.fcn?&type=trends&SearchString=women’s+top+4+trend+themes&id=737870PT0000145&start=1&tr=1

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