Merchandising refers toÌýstrategies forÌýtheÌýpromotion andÌýsale ofÌýproducts. Every retail business relies onÌýproduct merchandising. Many ofÌýtheÌýbasic principles ofÌýmerchandising are consistent across industries. However, some industries present unique challenges andÌýsituations forÌýmerchandisers. One such example isÌýtheÌýfashion industry.
Fashion merchandising isÌýuniquely challenging because appearance andÌýaesthetics are often theÌýprimary considerations forÌýconsumers. This means that merchandising isÌýtied more strongly toÌýtheÌýproducts themselves. AsÌýaÌýresult, fashion merchandising isÌýanÌýextremely dynamic andÌýmultifaceted area ofÌýbusiness that relies onÌýinput from aÌýrange ofÌýprofessionals.
What isÌýmerchandising inÌýfashion, exactly? And how are its unique challenges dealt with byÌýmanufacturers andÌýretailers alike? Let’s take aÌýlook!
What isÌýFashion Merchandising?
ToÌýunderstand fashion merchandising, it’s important toÌýfirst take aÌýlook atÌýgeneral merchandising. Merchandising typically involves anything relating toÌýtheÌýpromotion andÌýsales ofÌýproducts. This includes theÌýproduct design itself, asÌýwell asÌýits presentation inÌýretail settings, store layouts, promotion, andÌýmore.
Surrounding aÌýcertain item orÌýbrand with aÌýprominent display inÌýaÌýstore isÌýpart ofÌýaÌýmerchandising strategy. For online retailers, displaying items onÌýtheir website’s homepage isÌýaÌýcomparable marketing strategy.
Merchandising isÌýalso cyclical, following . Retailers promote specific items atÌýcertain times ofÌýyear when those items will beÌýinÌýhighest demand. So, forÌýinstance, school items are promoted heavily inÌýtheÌýlate summer, andÌýholiday items are pushed heavily inÌýDecember. Fashion merchandising follows similar trends asÌýstyles come andÌýgoÌýtoÌýsuit each season ofÌýtheÌýyear.
Fashion merchandising involves all ofÌýthese things, asÌýwell asÌýconsiderations specific toÌýtheÌýfashion industry. This includes researching trends inÌýfashion, decisions about fabric options andÌýpatterns, andÌýproduct pricing. Merchandising isÌýcritical forÌýall brands, but inÌýtheÌýfashion industry, theÌýmerchandise often isÌýtheÌýbrand, andÌývice versa. AsÌýaÌýresult, “fashion merchandising” encompasses nearly every aspect ofÌýtheÌýbusiness. AsÌýsuch, fashion merchandisers are often highly skilled professionals with aÌýrange ofÌýskills.
What isÌýFashion Visual Merchandising?
Visual merchandising isÌýanyÌýaspect ofÌýaÌýmerchandising strategy which uses visual appeal toÌýattract customers
There are several ways that retailers can use visual merchandising forÌýfashion items.
- Good lighting andÌýorganization are two basics, but highly important practices toÌýinclude. Both ofÌýthese things help customers find clothing items that look good without difficulty.
- Product displays can also beÌýaÌýuseful visual tool forÌýfashion merchandisers. Some clothing retailers will set upÌýbranded displays toÌýdistinguish certain brands inÌýtheir store. This helps customers identify certain brands which they may beÌýloyal to. ItÌýalso adds aÌýsense ofÌýprestige toÌýcertain branded items byÌýcreating brand name recognition.
- Another important form ofÌývisual merchandising unique toÌýtheÌýfashion industry isÌýtheÌýuse ofÌýmannequins. Clothing retailers regularly use mannequins toÌýpair certain fashion items together toÌýshow how they look asÌýanÌýoutfit orÌýinÌýaction. Mannequins are aÌýform ofÌývisual fashion merchandising that enables customers toÌýenvision certain looks forÌýthemselves. This inÌýturn provides anÌýemotional response forÌýcustomers, associated with those items, making them more likely toÌýpurchase them.
Visual merchandising isÌýextremely important inÌýtheÌýfashion industry, andÌýisÌýalso aÌýgreat chance forÌýretailers toÌýget creative. IfÌýyou run aÌýretail fashion store, whether atÌýaÌýphysical location orÌýonline, this isÌýanÌýimportant lesson toÌýremember. How you present your inventory isÌýoften just asÌýimportant asÌýtheÌýinventory itself.
What isÌýFashion Merchandising Management?
Fashion merchandising management involves theÌýselection andÌýmanufacturing ofÌýfashion products. Like with visual merchandising, fashion merchandising management involves aÌýwide range ofÌýpractices andÌýideas.
For instance, aÌýfashion merchandising manager needs toÌýhave one foot inÌýtheÌý“retail” section ofÌýtheir business, andÌýone foot inÌýtheÌý“manufacturing” section.
Merchandising management responsibilities include:
- Researching among key demographics.
- Selecting materials andÌýmanufacturing processes, determining pricing, andÌýcreating promotional content.
General product branding andÌýmarketing.
What isÌýfashion marketing andÌýmerchandising? Here are some ofÌýtheÌýmost important roles relating toÌýfashion merchandising management.
Various Roles Involved inÌýFashion Merchandising Management
When discussing fashion merchandising management, there are several different roles that are all very important. InÌýmany cases, these roles are carried out byÌýdifferent professionals, rather than all being theÌýresponsibility ofÌýone person. However, inÌýsome small fashion companies, many ofÌýthese roles doÌýfall toÌýaÌýsingle person.
- Fashion buying isÌýone such role, inÌýwhich anÌýindividual researches fashion trends andÌýproducts andÌýestablishes contacts with manufacturers. Fashion buying isÌýcritical forÌýsecuring inventory that isÌýlikely toÌýbeÌýsold inÌýhigh numbers.
- Visual merchandising, asÌýmentioned earlier, isÌýanother critical aspect ofÌýmerchandising management. Visual merchandising isÌýlargely responsible forÌý
in-store (or online) visual displays andÌýarrangements toÌýdrive sales. - Marketing management isÌýalso aÌýkey part ofÌýfashion merchandising. This role involves setting aÌýmarketing plan toÌýpromote brands orÌýclothing products toÌýtheir target demographics.
- One last key role inÌýmerchandising management isÌýtheÌýrole ofÌýtheÌýstore manager. InÌýretail settings, theÌýstore manager isÌýresponsible forÌýoverseeing
day-to-day operations inÌýall aspects. This includes fashion merchandising andÌýproduct procurement andÌýsales. But itÌýalso involves things like staffing, customer service, andÌýemployee management.
How Important isÌýFashion Merchandising?
Now that you know what fashion merchandising is, you may beÌýwondering why itÌýmatters. Merchandising inÌýgeneral has several key benefits. All ofÌýthese are amplified inÌýtheÌýfashion industry because ofÌýhow directly tied toÌýtheir merchandise most fashion companies are.
Merchandising Benefits
General merchandising isÌýlinked toÌýincreased sales, faster inventory turnaround, andÌýmore satisfied andÌýloyal customers. Product merchandising makes itÌýeasier forÌýcustomers toÌýidentify andÌýpurchase items which they are interested in. Effective merchandising can also increase customer interest inÌýcertain products toÌýconvert more sales. This improved purchasing experience results inÌýaÌýbetter customer experience overall. Thus, customers leave your store orÌýwebsite feeling more satisfied, andÌýare more likely toÌýreturn.
What Makes Fashion Merchandising Unique?
InÌýtheÌýfashion industry, there isÌýnoÌýbusiness without merchandising. Therefore fashion merchandising isÌýintegral toÌýtheÌýbusiness itself. For example, aÌýkey aspect ofÌýmerchandising isÌýproduct presentation. Fashion items are predominantly manufactured, bought, andÌýsold due toÌýtheir visual appeal. Merchandising, then, does not just encompass visual presentations inÌýretail spaces. However, itÌýisÌýaÌýcrucial step inÌýtheÌýmanufacturing andÌýprocurement process.
Learn More About Fashion Retail Management
Fashion merchandising isÌýaÌýcrucial step inÌýtheÌýprocess ofÌýoperating aÌýretail fashion business. But itÌýisÌýnot theÌýonly thing you need toÌýknow about toÌýrun aÌýsuccessful fashion business. Online fashion stores can beÌýsome ofÌýtheÌýmost successful ecommerce businesses with proper management andÌýresources.
Fashion items are among theÌýtop selling andÌýfastest growing categories ofÌýitems inÌýonline retail inÌýWorldwide. But that does not mean that entrepreneurs can capitalize onÌýthis market without hard work andÌýeducation.
Learn more about how toÌýsuccessfully sell fashion products online byÌýfollowing ºÚÁÏÃÅ. OrÌýsign upÌýforÌý today toÌýstart building your very own online fashion store.
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