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25: Fashion in Review
With the accelerating pace of technological change, what must companies do to stay competitive and not be left behind?
What combined technology enables immediate identification of goods and actions among supply chain partners and each item location and description at retail?
What are e-models called that show imagery of a consumer’s shape and hairdo wearing fashions from a website?
Computations using _____ provide the means to decipher huge amounts of data to gain information for decision making.
What is the expression used for goods that are usually sold together?
What is the name for machine learning of information from trials and errors and data input, without intervention from humans?
Name and describe at least two of the consumer groups affecting fashion businesses today.
What are three customer expectations of zero-friction service?
What is meant by “Rather than speed-to-market, the benchmark is now speed-to-consumer”?
What currently weighs down department store operations, leaving no room for operational errors or exciting marketing?
Why do department stores now have fewer brands or all private label goods?
What are the main three reasons that off-price stores appeal to consumers?
Why might more off-price retailers come onto the scene in the future?
Where are fast fashions usually manufactured and why?
What low-priced option have consumers latched onto, especially for dressy attire and career wear?
What is especially critical to build and manage an online marketplace?
Give at least two examples of employee perks that satisfy the personal needs of workers.
Name at least two examples of cybercrime.
How do companies try to protect themselves from the losses of cybercrime?
In what ways are textile firms and apparel manufacturers trying to protect the environment?
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