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WOMEN'S FASHION IN SINGAPORE
© 1974 - 2012
THE WOMEN’S FASHION MARKET REPORTS ARE AVAILABLE FOR:
Australia, Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New
Zealand, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, & Vietnam.
Branded Women's Fashion in Singapore
2
This report has been prepared by:
17 September 2012
WOMEN'S FASHION IN SINGAPORE
WOMEN'S FASHION IN SINGAPORE
The Women's Fashion in Singapore core database has 63
chapters, plus Excel spreadsheets & Access databases, and a
large number of documents, tools and utilities.
CONTENTS
Indicates a dynamic link to the online data
Contents
CONTENTS .......................................................................................................................................... 2
Introduction ......................................................................................................................................... 14
Pan Asia average for monthly Consumer Spending in 2008-2011 .............................................. 14
Monthly Consumer Spending forecast for 2013-2018.................................................................. 15
Asia-Pacific Fashion........................................................................................................................ 17
Korean Fashion............................................................................................................................... 17
Objectives........................................................................................................................................ 18
Criteria............................................................................................................................................. 18
1. Report Criteria..................................................................................................................... 18
Parameters...................................................................................................................................... 20
2. Research overview.............................................................................................................. 20
Brand Surveys................................................................................................................................. 22
Brand Coverage .............................................................................................................................. 24
Market Opportunity.......................................................................................................................... 26
Analysis of the development of the retail trade and its life cycle .................................................. 26
Added Value and Transaction Costs across the Supply Chain.................................................... 27
Clothing retailers per 10,000 inhabitants...................................................................................... 28
Clothing Store Revenue per Square Meter per annum (US$)...................................................... 28
Branded Women's Fashion in Singapore
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Average Revenue per Clothing Store per annum (‘000 US$) ...................................................... 29
Average Clothing Store Sales Area (Square Meters) .................................................................. 29
Existing Distribution Channels ..................................................................................................... 30
New Distribution developments ................................................................................................... 30
Online Shopping by Middle Classes – Purchases per month ...................................................... 31
Distribution Policies & Strategies................................................................................................. 32
Retail Trade Life Cycle and Development in Women’s Fashion .................................................. 35
City and Town analysis for Singapore .................................................................................. 36
Wholesaler, Trade Buyer, Retailer and Store Performance Surveys ........................................... 37
Products....................................................................................................................................... 37
Retail Operations ......................................................................................................................... 37
Buyer Profiles .............................................................................................................................. 37
Trading Area................................................................................................................................ 37
Competitors ................................................................................................................................. 38
Retailer & Wholesaler Surveys............................................................................................. 38
Trade Decision Makers Surveys........................................................................................... 39
Store Performance Surveys ................................................................................................. 39
Market Size ..................................................................................................................................... 40
Singapore Branded Market Volume Sold in units by Product Sectors ......................................... 40
Singapore Branded Market Value by Product Sectors ......................................................... 41
City / Town Market Value ..................................................................................................... 41
Consumer Attitudes ..................................................................................................................... 42
Products....................................................................................................................................... 42
Retail Operations ......................................................................................................................... 42
Buyer Profiles .............................................................................................................................. 42
Trading Area................................................................................................................................ 42
Competitors ................................................................................................................................. 43
Consumer Surveys............................................................................................................... 43
Store Performance Surveys ................................................................................................. 44
Competitive Factors ........................................................................................................................ 45
Representative Brands ................................................................................................................ 45
Brands Price Differentials ............................................................................................................ 49
Product Price Differentials ........................................................................................................... 50
Product Positioning ......................................................................................................................... 51
Casual Product ............................................................................................................................ 51
Smart Casual............................................................................................................................... 51
Formal.......................................................................................................................................... 51
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Special Occasion ......................................................................................................................... 51
Price Discounting......................................................................................................................... 52
Low Price..................................................................................................................................... 52
Market Median Price.................................................................................................................... 52
High Price .................................................................................................................................... 52
Basic Quality................................................................................................................................ 53
Median Quality............................................................................................................................. 53
High Quality ................................................................................................................................. 53
Premium Quality .......................................................................................................................... 53
Low Product Specification............................................................................................................ 54
Undifferentiated Product .............................................................................................................. 54
Differentiated ............................................................................................................................... 54
High Specification ........................................................................................................................ 54
No Target Audience..................................................................................................................... 55
Some Targeting ........................................................................................................................... 55
Highly Targeted ........................................................................................................................... 55
Specific Audience ........................................................................................................................ 55
High Volume ................................................................................................................................ 56
Median Volumes .......................................................................................................................... 56
Low Volume ................................................................................................................................. 56
Restricted Volume........................................................................................................................ 56
Necessity Product........................................................................................................................ 57
Common Product......................................................................................................................... 57
Discretionary Product................................................................................................................... 57
Luxury Product............................................................................................................................. 57
Frequent Cleaning ....................................................................................................................... 58
Average Cleaning ........................................................................................................................ 58
Infrequent Cleaning...................................................................................................................... 58
Specialist Cleaning ...................................................................................................................... 58
Simple Merchandising.................................................................................................................. 59
Display Merchandising................................................................................................................. 59
Featured ...................................................................................................................................... 59
Complex Proposal ....................................................................................................................... 59
Basic Advertising ......................................................................................................................... 60
Feature Advertising...................................................................................................................... 60
Target Advertising........................................................................................................................ 60
Complex Advertising.................................................................................................................... 60
Brand Positioning Tactics & Strategy .............................................................................................. 61
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Current Tactical Brand Model ...................................................................................................... 61
Strategic Brand Objectives .......................................................................................................... 62
Functional Positioning - Symbolic Positioning - Experiential Positioning ..................................... 63
Customer Value Propositioning ................................................................................................... 64
Value Concept & Positioning ....................................................................................................... 65
Brand Differentiation Propositions ............................................................................................... 66
Key Selling Messages.................................................................................................................. 67
Communications Tactics.............................................................................................................. 68
Advertising Tactics....................................................................................................................... 69
Media & PR Tactics ..................................................................................................................... 70
Web & Online Tactics .................................................................................................................. 71
Point of Sale Tactics.................................................................................................................... 72
Merchandising ............................................................................................................................. 73
Product Display............................................................................................................................ 74
Korean Brands ................................................................................................................................ 75
Awareness of existing Korean Brands ......................................................................................... 75
Trade Buyer Perceptions of existing Korean Brands....................................................................... 76
Customer Base Perceptions of existing Korean Brands .............................................................. 77
Perceived Strengths and Weaknesses of existing Korean Brands .............................................. 78
Market Entry Management Factors ................................................................................................. 79
Women’s Fashion Distribution ..................................................................................................... 79
Retail Level.................................................................................................................................. 79
Nature of Competition.................................................................................................................. 80
Brand Competition ....................................................................................................................... 80
Value............................................................................................................................................ 81
Location ....................................................................................................................................... 81
Supply Chain ............................................................................................................................... 81
Nature of Competition.................................................................................................................. 82
Supplier Price Differentials........................................................................................................... 83
Retailer Reaction ......................................................................................................................... 84
Supplier Reaction ........................................................................................................................ 85
Conclusion................................................................................................................................... 86
Distributors – Market Entry choices ............................................................................................. 88
Retail Presence – Market Entry choices ...................................................................................... 89
Distribution Channel: Advantages – Disadvantages .................................................................... 90
Market Entry options for Domestic Brands ...................................................................................... 91
Market Entry options for Established or Global Brands ................................................................... 92
Market Entry Features ................................................................................................................. 93
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Start-up Costs ................................................................................................................................. 94
Start-up Costs, Initial Investment and Product Launch Balance sheet ........................................ 94
Inventory Costs............................................................................................................................ 94
Brand Store Start-up Costs.......................................................................................................... 95
Independent Store Start-up Costs ............................................................................................... 96
Brand In-Store Start-up Costs...................................................................................................... 97
Distributor / Exclusive Wholesaler Sign-up Costs........................................................................ 98
Start Times Weeks: Brand Store ................................................................................................. 99
Start Times Weeks: Independent Store ..................................................................................... 100
Start Times Weeks: Distributor / Exclusive Wholesaler ............................................................. 101
Economies of Scale with multiple Stores ................................................................................... 102
Cash Flow, Profit & Loss, Balance Sheet, Project Financial Analysis ........................................... 103
12 Months Cash Flow Analysis.................................................................................................. 103
First 12 months and First 3 years Profit & loss Account............................................................. 104
1-7 Years Balance Sheet........................................................................................................... 105
10 Years Project Financial Analysis........................................................................................... 106
SWOT Analysis ............................................................................................................................. 107
SWOT analysis by type of Market Entry .................................................................................... 107
Entry via Own Retail Stores....................................................................................................... 107
Entry via Domestic Retail Joint Venture..................................................................................... 107
Entry via National Franchise Licensee....................................................................................... 108
Entry via Intensive Individual Franchising.................................................................................. 108
Entry via Exclusive National Distributor ..................................................................................... 109
Entry via Intensive National Distribution / Wholesaling .............................................................. 109
Competitive Analysis ..................................................................................................................... 110
Indonesia Representative Brands.............................................................................................. 110
Singapore Representative Brands ............................................................................................. 111
Vietnam Representative Brands ................................................................................................ 112
Market Penetration Prospects ....................................................................................................... 113
Advancing into the target markets ............................................................................................. 113
Brand Concept........................................................................................................................... 114
Brand Equity .............................................................................................................................. 114
Customer Based Brand Equity................................................................................................... 115
Brand Knowledge ...................................................................................................................... 115
Substantial Brand Knowledge & Awareness – All Brands.......................................................... 115
Brand Equity Model.................................................................................................................... 116
Substantial Brand Loyalty – All Brands...................................................................................... 117
Substantial Brand Quality –v Price Perceptions – All Brands .................................................... 118
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Brand Knowledge Components ................................................................................................. 119
Brand Resonance Components................................................................................................. 119
Brand Resonance ...................................................................................................................... 120
Qualitative Brand Research....................................................................................................... 122
Qualitative Brand Identifiers....................................................................................................... 122
Marketing communication applied to fashion products .............................................................. 123
The Brand Image in the marketing communication process ...................................................... 124
The Store Image in marketing communication process ............................................................. 124
Consumer confidence and consumer markets in Asia-Pacific ................................................... 125
Consumer Confidence Index ..................................................................................................... 125
Consumer Attitudes and Perceptions which impact Clothing Brands ........................................ 127
% Usage & Purpose of clothes purchases................................................................................. 128
Celebrity endorsement............................................................................................................... 129
Relative Ranking Criteria and Consumer Habits for Clothing Purchase .................................... 130
Brand Selection ......................................................................................................................... 130
Price over Brand Loyalty amongst Young Buyers...................................................................... 131
Purchase Drivers for Younger Buyers : < 19 and 19-24 Years Old........................................ 131
Domestic Brands -v- Foreign Brands......................................................................................... 132
Asia-Pacific Markets Conclusion................................................................................................ 133
Fashion market potential in the Asia-Pacific region ................................................................... 133
What do consumers want in a branded product?....................................................................... 134
What can Korean brands and designers do to counter the established brands? ....................... 135
How can Korean brands and designers do better than the established brands? ....................... 135
Novel marketing methods to distinguish oneself from the competition ...................................... 136
Unique Brand Offerings ............................................................................................................. 137
New and Untapped Market Demand.......................................................................................... 138
Niche Markets............................................................................................................................ 138
Brand Superiority ....................................................................................................................... 139
Building Heritage Brands ........................................................................................................... 139
Brand Resonance ...................................................................................................................... 140
Brand Persistence ..................................................................................................................... 141
Brand Development Opportunities............................................................................................. 143
Fashion Industry Checklist......................................................................................................... 147
Fashion Design and Merchandising........................................................................................... 147
Performance Indicators.............................................................................................................. 148
Application of Design – Performance Factors............................................................................ 149
Industry Performance Indicators................................................................................................ 149
Performance Indicators for brand selection, development, and distribution............................... 150
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Performance Indicators for merchandising strategies................................................................ 151
Market Strategy Insight.................................................................................................................. 152
Market Entry Possibilities and Criteria ....................................................................................... 152
Market Entry Difficulties ............................................................................................................. 152
Market Potential......................................................................................................................... 153
Financial Potential ..................................................................................................................... 154
Consumer Potential & Attitudes................................................................................................. 155
Relative Return on Investment by country 1-7 years & 7-14 years............................................ 156
Relative Return on Investment by country 14+ years & Overall................................................. 157
Relative Return on Investment by Product Category ................................................................. 158
Relative Return on Investment by country for Young Casual Wear ........................................... 158
Relative Return on Investment by country for Career Wear....................................................... 159
Relative Return on Investment by country for Denim & Casual Wear........................................ 160
Relative Return on Investment by country for Every day Wear.................................................. 161
Relative Return on Investment by country for Sports & Outdoor Wear...................................... 162
Relative Return on Investment by country for Lingerie & Underwear ........................................ 163
Relative Return on Investment by country for Fashion Accessories .......................................... 164
Opinions of the fashion and retail experts on introducing new brands....................................... 165
MARKET RESEARCH COVERAGE................................................................................................. 166
Markets & Products covered ......................................................................................................... 166
Product Sectors ......................................................................................................................... 166
Survey Data................................................................................................................................... 167
Consumer Surveys .................................................................................................................... 167
Retailer & Wholesaler Surveys .................................................................................................. 168
Trade Decision Makers Surveys................................................................................................ 168
Store Performance Surveys....................................................................................................... 169
Competitors ............................................................................................................................... 169
Retail Operations ....................................................................................................................... 170
Products..................................................................................................................................... 170
Buyer Profiles ............................................................................................................................ 171
Trading Area.............................................................................................................................. 171
Geographic Coverage ................................................................................................................... 172
Financial data................................................................................................................................ 172
Financial Data Scenarios........................................................................................................... 172
Financial Margins & Ratios Data Scenarios............................................................................... 172
Singapore General Contents......................................................................................................... 173
Singapore Report Table of Contents ............................................................................................. 174
Singapore Core Database Open the Core Database here .......................................................... 174
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Sections......................................................................................................................................... 174
Preface.............................................................................................................................. 174
Chapters............................................................................................................................ 174
Databases ......................................................................................................................... 174
Financials .......................................................................................................................... 174
Industry.............................................................................................................................. 174
Markets.............................................................................................................................. 174
Products ............................................................................................................................ 174
Grids.................................................................................................................................. 174
Reference.......................................................................................................................... 174
Contents............................................................................................................................ 174
Legend............................................................................................................................... 174
Cities ................................................................................................................................. 174
Countries........................................................................................................................... 174
Chapters........................................................................................................................................ 175
Chapter 1.................................................................................................................................. 175
ADMINISTRATION............................................................................................................ 175
Chapter 2.................................................................................................................................. 175
ADVERTISING .................................................................................................................. 175
Chapter 3.................................................................................................................................. 175
BUYERS – COMMERCIAL OPERATIONS ....................................................................... 175
Chapter 4.................................................................................................................................. 175
BUYERS – COMPETITORS.............................................................................................. 175
Chapter 5.................................................................................................................................. 175
BUYERS – MAJOR CITY .................................................................................................. 175
Chapter 6.................................................................................................................................. 175
BUYERS – PRODUCTS.................................................................................................... 175
Chapter 7.................................................................................................................................. 175
BUYERS – TRADE CELL.................................................................................................. 175
Chapter 8.................................................................................................................................. 175
COMPETITIVE INDUSTRY ANALYSIS............................................................................. 175
Chapter 9.................................................................................................................................. 175
COMPETITOR ANALYSIS ................................................................................................ 175
Chapter 10................................................................................................................................. 175
COUNTRY FOCUS ........................................................................................................... 175
Chapter 11................................................................................................................................. 175
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DISTRIBUTION ................................................................................................................. 175
Chapter 12................................................................................................................................. 175
FINANCIAL - BUSINESS DECISION SCENARIOS .......................................................... 175
Chapter 13................................................................................................................................. 175
FINANCIAL - CAPITAL COSTS FINANCIAL SCENARIOS............................................... 175
Chapter 14................................................................................................................................. 175
FINANCIAL - CASHFLOW OPTION SCENARIOS............................................................ 175
Chapter 15................................................................................................................................. 175
FINANCIAL - COST STRUCTURE SCENARIOS.............................................................. 175
Chapter 16................................................................................................................................. 175
FINANCIAL - HISTORIC INDUSTRY BALANCE SHEET.................................................. 175
Chapter 17................................................................................................................................. 175
FINANCIAL - HISTORIC MARKETING COSTS & MARGINS........................................... 175
Chapter 18................................................................................................................................. 175
FINANCIAL - INVESTMENT + COST REDUCTION SCENARIOS ................................... 175
Chapter 19................................................................................................................................. 175
FINANCIAL - MARKET CLIMATE SCENARIOS ............................................................... 175
Chapter 20................................................................................................................................. 175
FINANCIAL – MARKETING COSTS ................................................................................. 175
Chapter 21................................................................................................................................. 175
FINANCIAL - MARKETING EXPENDITURE SCENARIOS............................................... 175
Chapter 22................................................................................................................................. 175
FINANCIAL – MARKETING MARGINS............................................................................. 175
Chapter 23................................................................................................................................. 175
FINANCIAL - STRATEGIC OPTIONS SCENARIOS ......................................................... 175
Chapter 24................................................................................................................................. 175
FINANCIAL - SURVIVAL SCENARIOS............................................................................. 175
Chapter 25................................................................................................................................. 175
FINANCIAL - TACTICAL OPTIONS SCENARIOS ............................................................ 175
Chapter 26................................................................................................................................. 176
GEOGRAPHIC DATA........................................................................................................ 176
Chapter 27................................................................................................................................. 176
INDUSTRY - NORMS........................................................................................................ 176
Chapter 28................................................................................................................................. 176
MAJOR CITY MARKET ANALYSIS .................................................................................. 176
Chapter 29................................................................................................................................. 176
MARKET CAPITAL ACCESS SCENARIOS...................................................................... 176
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Chapter 30................................................................................................................................. 176
MARKET CASHFLOW SCENARIOS ................................................................................ 176
Chapter 31................................................................................................................................. 176
MARKET ECONOMIC CLIMATE SCENARIOS ................................................................ 176
Chapter 32................................................................................................................................. 176
MARKET INVESTMENT + COSTS SCENARIOS ............................................................. 176
Chapter 33................................................................................................................................. 176
MARKET MARKETING EXPENDITURE SCENARIOS..................................................... 176
Chapter 34................................................................................................................................. 176
MARKET RISK SCENARIOS ............................................................................................ 176
Chapter 35................................................................................................................................. 176
MARKET STRATEGIC OPTION SCENARIOS ................................................................. 176
Chapter 36................................................................................................................................. 176
MARKET SURVIVAL OPTION SCENARIOS .................................................................... 176
Chapter 37................................................................................................................................. 176
MARKET TACTICAL OPTION SCENARIOS..................................................................... 176
Chapter 38................................................................................................................................. 176
MARKETING EXPENDITURE -v- MARKET SHARE ........................................................ 176
Chapter 39................................................................................................................................. 176
MARKETING STRATEGY DEVELOPMENT..................................................................... 176
Chapter 40................................................................................................................................. 176
MARKETS ......................................................................................................................... 176
Chapter 41................................................................................................................................. 176
OPERATIONAL ANALYSIS............................................................................................... 176
Chapter 42................................................................................................................................. 176
OVERSEAS DEVELOPMENT........................................................................................... 176
Chapter 43................................................................................................................................. 176
PERSONNEL MANAGEMENT.......................................................................................... 176
Chapter 44................................................................................................................................. 176
PHYSICAL DISTRIBUTION + CUSTOMER HANDLING................................................... 176
Chapter 45................................................................................................................................. 176
PRICING............................................................................................................................ 176
Chapter 46................................................................................................................................. 176
PROCESS + ORDER HANDLING..................................................................................... 176
Chapter 47................................................................................................................................. 176
PRODUCT ANALYSIS ...................................................................................................... 176
Chapter 48................................................................................................................................. 176
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PRODUCT DEVELOPMENT............................................................................................. 176
Chapter 49................................................................................................................................. 176
PRODUCT MARKETING FACTORS ................................................................................ 176
Chapter 50................................................................................................................................. 176
PRODUCT MIX ................................................................................................................. 176
Chapter 51................................................................................................................................. 176
PRODUCT SUMMARY...................................................................................................... 176
Chapter 52................................................................................................................................. 176
PROFIT RISK SCENARIOS.............................................................................................. 176
Chapter 53................................................................................................................................. 177
PROMOTIONAL MIX......................................................................................................... 177
Chapter 54................................................................................................................................. 177
SALESFORCE DECISIONS.............................................................................................. 177
Chapter 55................................................................................................................................. 177
SALES PROMOTION........................................................................................................ 177
Chapter 56................................................................................................................................. 177
SURVEYS ......................................................................................................................... 177
Chapter 57................................................................................................................................. 177
TARGETS - PRODUCT + MARKET................................................................................. 177
Chapter 58................................................................................................................................. 177
TECHNOLOGY ................................................................................................................. 177
Chapter 59................................................................................................................................. 177
TRADE CELL ANALYSIS.................................................................................................. 177
Chapter 60................................................................................................................................. 177
URBAN COMPETITION .................................................................................................... 177
Chapter 61................................................................................................................................. 177
TOWNS - FINANCIAL ....................................................................................................... 177
Chapter 62................................................................................................................................. 177
TOWNS - INDUSTRY........................................................................................................ 177
Chapter 63................................................................................................................................. 177
TOWNS - MARKET ........................................................................................................... 177
BUSINESS PLANNING..................................................................................................................... 178
Checklist........................................................................................................................................ 178
Checklist implementation........................................................................................................... 181
Advancing your Project.............................................................................................................. 182
Cashflow Projections..................................................................................................................... 183
The Business Plan Programme..................................................................................................... 184
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Installing the Business Plan Programme ................................................................................... 185
Methodology.................................................................................................................................. 192
Presentation .................................................................................................................................. 192
After-Sales Service & Client Support............................................................................................. 192
Real Time Support..................................................................................................................... 193
Resource Webs -v- Dedicated sites........................................................................................... 193
Product Level............................................................................................................................. 194
Data Product levels.................................................................................................................... 195
Getting Started with the Core Database .................................................................................... 196
Using the data............................................................................................................................ 196
Toolkit ........................................................................................................................................ 196
Proprietary Software packages.................................................................................................. 197
Branded Women's Fashion in Singapore
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Introduction
The growth of the middle classes in Asia-Pacific countries and the globalization of women’s garment
retailing have led to the rapid expansion of global brands in Asia-Pacific markets.
These brands may be conveniently divided into the following main groupings:
• Luxury
• High Street
• Asia-Pacific Brands
• Department Stores Brands & Generic Brands
Whereas in Europe and North America these brands are purchased by all Social and Income Groups,
in Asia the purchases often tend to be more skewed towards the higher end of the spectrum simply
for the reason that local median income levels tend to be less than those of buyers in Europe and
North America. Thus whereas many of the High Street brands would in Europe and North America be
regarded as inexpensive and therefore accessible to the D and E social groups, in many Asia-Pacific
countries these same brands would be more patronized by the C1 and C2 social groups.
Furthermore, there is a sociological context to the development of the global brands in Asia which
make them more acceptable to those potential buyers more exposed to globalized culture through
their education or through the media they observe.
The growth and market penetration of the globalized brands in Asia will certainly be more promising
and sustainable in Asia than for the same brands in North America and Europe.
With a rapidly growing middle class in most Asia-Pacific countries there is a significant augmentation
in household incomes. As household income grows the percentage of disposable income which was
in the past used on food is diminishing and this provides the basis for much more discretionary
spending. Inevitable the use of some of that disposable income will be channelled into fashion
products.
Pan Asia average for monthly Consumer Spending in 2008-2011
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Monthly Consumer Spending forecast for 2013-2018
Food&Drink
Clothing
Durables
Home
Furnishings
Health&Beauty
Medical
Footwear
LeisureGoods
LuxuryGoods
Otherspending&
Investments
% % % % % % % % % %
Australia 36 6 5 3 2 5 2 3 4 34
Bangladesh 72 7 4 3 3 4 1 2 2 2
Cambodia 68 5 3 3 2 5 1 2 2 9
China 55 6 3 3 2 6 1 2 3 19
Hong Kong 44 5 4 3 2 4 2 2 4 30
India 68 7 3 3 4 5 1 2 3 4
Indonesia 62 7 3 4 3 4 1 1 3 12
Japan 36 6 5 3 2 5 2 3 4 34
Malaysia 57 7 3 4 3 6 1 2 3 14
New Zealand 36 5 4 3 1 4 2 3 4 38
The Philippines 61 6 4 4 2 5 1 2 2 13
Singapore 40 5 4 3 2 4 1 2 3 36
South Korea 37 6 5 3 1 4 2 3 4 35
Sri Lanka 70 6 3 4 4 6 1 2 2 2
Taiwan 42 6 4 2 1 5 2 2 3 33
Thailand 55 7 3 3 3 6 1 2 3 17
Vietnam 68 7 4 4 2 6 1 2 3 3
Disposable Income and Discretionary Spending (together with the consumers’ own assessment of
future trends) is measured during Consumer Surveys when consumers were asked specific
psychometric questions which tested and cross-checked the issues mentioned here. The data above
is derived from statistically accurate social / income group, and full age spectrum, surveys.
In most Asia-Pacific markets the Value Proposition of many Luxury and High Street brands have
survived intact; conversely in North America and Europe the Value Proposition of many Luxury and
High Street brands have been devalued for a number of reasons. Fashion Garments, as with
Jewellery and Cosmetics products, have seen their perceived worth diminished during the last decade
or so in North America and Europe. This is due to both the popularization of the brands which make
them less exclusive, and because they are perceived to be less costly to manufacture and less
durable. Some formerly high end brands have suffered for these reasons; for example, the Ralph
Lauren Polo brand is not perceived to be as up-market as before because it is now worn by C2, D and
E social groups and because their labels show that the garments are manufactured in Jamaica,
Malaysia, and more recently in even cheaper labour-rate countries. Similarly in the United Kingdom
the Burberry brand has suffered because it was adopted as a dress code or uniform by badly
behaved youth gangs of the D and E social groups; and thereby the Burberry brand became
associated with a particularly unfortunate customer base, thereby devaluing the brand.
Branded Women's Fashion in Singapore
16
There are psychological reasons which currently make Asia-Pacific markets more durable than, for
example, the United Sates or the United Kingdom markets and that is the general neurotic
1
(and
sometimes psychotic) psychology of female fashion and luxury goods consumers in some countries.
The increasingly neurotic nature of some of these customer bases is tending to divert expenditure
away from fashion into other neurotic activities.
In, for example the United Sates and the United Kingdom, neurotic behaviour patterns have
increasingly led women to succumb to eating disorders (which has led to obesity) and impulsive
disorders like drinking alcohol to excess. This has caused a rapid rise in over-weight women (over
50% of the adult female population in the United Sates and the United Kingdom are over-weight) and
clinical obesity (over 35% of the adult female population in the United Sates and over 25% of the adult
female population in the United Kingdom are clinical obese). This means that these women find it
increasingly difficult to interact and interface with fashion products and as a consequence they do not
perceive themselves to be capable of engaging with much of the fashion industry.
Neuroses play an important part in the purchasing behaviours of consumers, especially with fashion
and luxury goods, and these neuroses represent both opportunities and threats to fashion product
manufacturers and retailers.
The good news for fashion product manufacturers and retailers is that a neurotic customer base
makes it relatively easier for retailers to loosen the purses of buyers; the bad news is that a neurotic
customer base has a short attention span and is prone to be irrationally diverted to other neurotic
activity.
1
The terms neurosis and psychosis are used in their clinical context. The symptoms as described as follows:-
There are many forms of neurosis: obsessive-compulsive disorder, anxiety neurosis, hysteria, and a very wide variety of
phobias as well as obsessions. Effects of neurosis can involve anxiety, sadness or depression, anger, irritability, mental
confusion, low sense of self-worth, et cetera; behavioural symptoms such as phobic avoidance, vigilance, impulsive and
compulsive acts, lethargy, et cetera; cognitive problems such as unpleasant or disturbing thoughts, repetition of thoughts and
obsession, habitual fantasizing, negativity and cynicism, etc. Interpersonally, neurosis involves dependency, perfectionism,
feelings of isolation, socio-culturally behaviours, et cetera.
Individuals who score high on neuroticism are more likely than the average to experience such feelings as anxiety, anger, envy,
guilt, and depressed mood. They respond more poorly to environmental stress, and are more likely to interpret ordinary
situations as threatening, and minor frustrations as hopelessly difficult. They are often self-conscious and shy, and they may
have trouble controlling urges and delaying gratification. Neuroticism is a risk factor for the "internalizing" mental disorders such
as phobia, depression, panic disorder, and other anxiety disorders (traditionally called neuroses). Research has found that a
wide range of clinical mental disorders are associated with elevated levels of neuroticism compared to levels in the general
population. Disorders associated with elevated neuroticism include mood disorders, such as depression and bipolar disorder,
anxiety disorders, eating disorders, schizoaffective disorder, dissociative identity disorder, and hypochondriasis. Mood
disorders tend to have a much larger association with neuroticism than these other disorders. The remaining personality
disorders had either modest positive or non-significant (in the case of narcissistic and histrionic) associations with neuroticism.
Research has consistently found that on average, women score moderately higher than men on neuroticism. A study
examining gender differences in big five personality traits in 55 nations found that across nations the most pronounced gender
difference in personality was in neuroticism. In 49 of the 55 nations studied, women scored significantly higher in neuroticism
than men. In no country did men report significantly higher neuroticism than women, although in Botswana and Indonesia, men
were slightly higher than women. Gender differences in neuroticism within nations ranged from very small to quite large. The
differences were moderate to large in 17 countries, and small to moderate in 29 countries. In only seven countries -
Bangladesh, Tanzania, Ethiopia, Greece, Japan, Botswana, and Indonesia - were they negligible. African and Asian/South
Asian world regions tended to have smaller sex differences in personality overall than did western world regions (Europe, and
North and South America). Differences in the magnitude of sex differences between world regions were due to differences
between men in these respective regions. That is, men in western world regions were lower on neuroticism compared to men in
African and Asian/South Asian world regions. Women, on the other hand tended not to differ in neuroticism across regions.
Gender differences were also positively associated with measures of human development, that is, a long and healthy life,
access to knowledge and education, and decent standards of living. Sex differences became more pronounced in countries
with higher levels of human development. It is speculated that resource poor environments (that is, countries with low levels of
development) may inhibit the development of gender differences, whereas resource rich environments facilitate them. This may
be because males require more resources than females in order to reach their full developmental potential. Evolutionary
theories suggest that gender differences in neuroticism developed because men have evolved to be more risk taking whereas
women have evolved to be more cautious and hence more anxious and avoidant when faced with danger.
Branded Women's Fashion in Singapore
17
Asia-Pacific Fashion
The market for Branded Women’s Fashion wear is becoming increasingly sophisticated in the Asia-
Pacific markets.
When Jimmy Lai started the Giordano brand in Hong Kong in 1981 the business model was relatively
unsophisticated, and relied on a facsimile American product offering coupled to an Italian sounding
brand name. Giordano ran into problems and since 2001 their business model has proved somewhat
fragile. The question remains: can an Asia-Pacific company produce facsimile American or European
product designs with an American or European sounding brand name and succeed? The probability is
that this business model will not succeed in the long term. Indeed Peter Lau, the current CEO of
Giordano is now actively seeking a more robust business model.
The reasons for the less than dynamic growth for brands like Giordano is not because the product
design or the product quality is less than that of any of the American or European brands, it is just that
Asia-Pacific buyers, especially women, are fully exposed to American and European brands and they
value the brand image or legacy of those global brands.
In Indonesia, Singapore and in other Asia-Pacific countries there is a new generation of fashion
entrepreneurs with great ambition and encouraging designs. Can this new generation of fashion
designer introduce products which are marketable across Asia?
With thousands of new brands being produced in Asia it is increasingly difficult for brands and
designers to achieve long term success.
Korean Fashion
Korean Brands, like those of Woo Jong Wan’s Basic House, have also emulated American or
European design trends and coupled these with Brand names like Basic House, Mind Bridge, Voll,
The Class, D’Urban, and so forth.
The Singapore department store, Robinsons, carries the Basic House products; however these
brands have not greatly succeeded against the European or American brands sold in Singapore.
This study is designed to answer one question; how can Korean Women’s Fashion brands and
designers profitably market their products to an increasingly sophisticated customer base?
What tactics and strategies should the Korean companies use to counter the existing brands; and
which market or product niches will open up new opportunities for the Korean companies?
Branded Women's Fashion in Singapore
18
Objectives
To research the Women’s Fashion Market in Singapore and thereby develop entry strategies for the
penetration of that market
Criteria
1. Report Criteria
This report has been conducted using primary and secondary research:-
 Primary Personal Interviews were conducted with Fashion Experts at Fashion Magazines or
other Media, Fashion Brand Managers, Fashion Trade Buyers, Fashion Retailers, In-store
Retail Negotiators, Retail Mall Operators, Fashion Wholesalers, Property & Real Estate
agents, Shop-fitting companies, Shipping and Logistics companies. The discussions with
these persons covered the following issues based on the interviewees’ personal or corporate
experiences:-
Company History
Planned Products & Services during Start-up
Current Market Analysis
Current Strategy & Implementation
Current Management
Current Financial Plan
Start-Up Investment Fund Sources & Use of Funds
Shop Legal Entity & Ownership
Company History to Date
Company Facilities
Company Key Assets
Actual Products Carried & Services Offered
 Description
 Target Customer
 Features & Benefits
 Competition
Competitive Advantage / Barriers to Entry Encountered after Start-up
Development Plans
Future Market Analysis
Future Target Customer
Projected Market Size
Branded Women's Fashion in Singapore
19
Future Fashion Trends
SWOT ANALYSIS
Strengths
• Experience and understanding of the fashion industry
• Shopping experience and customer service
• Location
• Consumer base
Weaknesses
• Untested markets
• Niche markets
Opportunities
• Outstanding shopping experience will lead to repeat business
• Online presence
• Establish a clothing line
Threats
• Cost and effectiveness of marketing to women
• New retail shops
FUTURE STRATEGY PLANNING & IMPLEMENTATION
 Philosophy
 Product Development
 Internet Strategy
 Marketing Strategy
 Sales Strategy
 Strategic Alliances
 Operations
GOALS
 Renovating, stocking, staff hiring and marketing
 Hosting events
 Penetrate and raise awareness in the targeted consumer market
 Achieving a higher profit margin
 Build a solid customer base and contact list
 Generate repeat and referral sales
 Become a highly profitable business with expansion potential
 Establish a solid reputation as quality retail establishment
EXIT STRATEGY
Branded Women's Fashion in Singapore
20
MANAGEMENT
 Organizational Structure
 Leadership
 Staff Members
FINANCIAL PLAN
 Finance Requirements
 Use of Funds
 Income Statement & Projections
 Cash Flow Projections
 Balance Sheet Topics
 Financial Assumptions
 Primary Surveys of Consumers and Retail Customers were undertaken to analyse Brand
awareness and attitudes in Singapore. These Surveys included not only Women’s Fashion
products, but also other Luxury and High Street Brands in order to fully evaluate the impact of
Branding on Disposable Income and Discretionary Purchases in Singapore. See details
below.
 DataGroup Fashion Market databases.
 Market and Financial Data from 1997 to 2011, forecast to 2012-2018 and 2018-2025.
 Market and Financial Data in US$ prices and Local Currency by year.
Parameters
2. Research overview
Research Subjects
• Female clothing target market: Up to 19 years, 20-24 years, 25-34 years, 35-44
years, 45-54 years, 55-64 years, 64+ years.
• Female Garment Categories covered
1. Fur & Fun Fur Garments
2. Dresses
3. Outerwear Coats, Jackets & Rainwear
4. Suits, Trouser Suits, Jackets, Blazers & Business Wear
5. Slacks, Trousers, Jeans, Shorts & Skirts
6. Tops, T-Shirts, Knit & Woven Tops, Blouses, Sweaters
7. Sportswear & Swimwear
Branded Women's Fashion in Singapore
21
8. Hosiery, Pantyhose, Socks & Tights
9. Underwear, Bras & Girdles
10. Lingerie, Sleepwear & Loungewear
11. Hats, Scarves, Wigs & Hairpieces
12. Accessories, Handbags, Wallets, Neckwear, Gloves & Belts
13. Tailored Garments
14. Casual, Sweat tops, Pants, & Warm-ups
15. Functional Garments, Uniforms, Smocks & Workwear
16. Footwear
17. Dress & Casual Footwear
18. Athletic Footwear & Trainers
• Female Fashion Categories covered:
1. Young Casual Wear
2. Career Wear
3. Denim & Casual Wear
4. Every day Wear
5. Sports & Outdoor Wear
6. Lingerie & Underwear
7. Fashion Accessories
8. Footwear
Towns and Cities covered in Singapore
The overall Market Data covers each of the major towns and cities in Singapore. Click on this
link to see the towns and cities covered.
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/World_Citi
es/SN.html
Branded Women's Fashion in Singapore
22
Brand Surveys
This evaluation consists of Consumer Surveys undertaken in the shopping areas and malls of
Singapore. The data collected was for the target Women’s Fashion Brands, plus other Luxury and
High Street Brands to be found in Singapore.
Individual Brand Surveys are available (from the After-Sales Service) for each of the Brands named
below:-
• Women’s Fashion Brands covered in Singapore are:
Luxury Brands
 Armani
 Balenciaga
 Bottega Veneta
 Burberry
 Celine
 Chanel
 Diane von Furstenberg
 Dior
 Dolce & Gabbana
 Etro
 Fendi
 Ferragamo
 Givenchy
 Gucci
 Hermes
 Kate Spade
 Loewe
 Louis Vuitton
 Marc Jacobs
 Max Mara
 Miu Miu
 PRADA
 Ralph Lauren
 Valentino
 Yves Saint Laurent
High Street Brands
 Abercrombie & Fitch
 Banana Republic
 BCBGMAXAZRIA
 Bershka
 CK Jeans
 DKNY
 Dorothy Perkins
 Forever 21
 GAP
 Guess
 H & M
 Karen Millen
Branded Women's Fashion in Singapore
23
 Mango
 Maxstudio
 Miss Selfridge
 New Look
 Pull & Bear
 River Island
 Topshop
 Wallis
 Warehouse
 Zara
Asian Brands
 BYSI
 ESPRIT
 Fox
 G2000 (G2000)
 G2000 (Wing Tai)
 GG<5
 M)phosis
 Muji
 Uniqlo
 WOMB
Department Store & Generic Brands
 BHG
 Isetan
 OG
 Robinsons
 Takashimaya
 Tangs
Branded Women's Fashion in Singapore
24
Brand Coverage
• In addition other Luxury and High Street Brands were evaluated for their impact of Branding
on Disposable Income and Discretionary Purchases in Singapore. These brands included non-fashion
products so that an overall appraisal of Brand Impact on Discretionary Purchases could be more
completely assessed in Singapore.
Individual Brand Surveys are available for each of these Brands from the After-Sales Service.
Singapore: Store targets
Luxury European / US Brands
 Gucci
 PRADA
 Armani
 Dolce & Gabbana
 Dior
 Hermes
 Chanel
 Louis Vuitton
 Miu Miu
 YSL
 Ralph Lauren
 Fendi
 Etro
 Bottega Veneta
 Celine
 Balenciaga
 Loewe
 Valentino
 Ferragamo
 Givenchy
 Burberry
 Diane von Furstenberg
 Marc Jacobs
 Kate Spade
 Max Mara
High Street European Brands
 Topshop
 H&M
 Zara
 River Island
 Mango
 Miss Selfridge
 DP
Branded Women's Fashion in Singapore
25
 Pull & Bear
 New Look
 Warehouse
 Karen Millen
 Bershka
High Street US Brands
 A&F
 DKNY
 CK Jeans
 Forever 21
 Guess
 GAP
 Banana Republic
Asian Brands
 Uniqlo
 M)phosis
 GG<5
 BYSI
 Espirit
 WOMB
 G2000
Generic / Department Stores
 Isetan
 Tangs
 Takashimaya
 John Little
 Metro
 BHG
 OG
Branded Women's Fashion in Singapore
26
Market Opportunity
Analysis of the development of the retail trade and its life cycle
The choice of route to the market has opportunities and pitfalls, product and brand superiority is an
obvious competitive advantage which can be re-enforced through firm control of the retail channels.
However products and brands superiority is a medium and long-term strategy which can be unstable
and may be subject to short-term set-backs. Clearly strong brands with real product benefits have the
best competitive advantage, and for this reason the long-lived brands have consistently invested in
brand equity.
The low transaction cost routes to the market have clear benefits, but may suffer from sustainability
problems as the concept adopted is easy and inexpensive to replicate by competitors. The majority of
foreign brands operating in any one country tend to choose the Medium Added Value and Medium
Transaction Costs routes to the market as these are tested and known. However the use of novel and
innovative channels of distribution are being increasingly explored by the brand leaders. Newcomers
are less inhibited (than the entrenched brands) in trying and testing new distribution channels and
often new brands can achieve improved market penetration through imaginative distribution policies
and tactics.
The task of any brand seeking to enter these markets is to achieve an alignment with the distribution
and a synergy with consumer buying behaviours and expectations.
 Analyse consumer buying behaviours
 Evaluate consumer ‘Shopping Experience’ criteria
 Identify consumer channel preferences
 Correlate consumer channel usage with purchasing criteria
 Provide flexible and adaptable retail channel options
 Observer changes in consumer buying behaviours
 Adapt and respond to consumer buying behaviours
The above considerations are of course an analogy of the life cycle of particular channels. Failure to
respond and adapt in the above manner will inevitably result in the premature shortening of the life
cycle of any particular channel.
The purchasing criteria of consumers will be recognisable, and have been specified in other sections
of this study. The basic criteria are inevitably the same in most of the countries:-
 Price
 Availability
 Brand
 Quality
 Shopping experience
 Store Personnel
 Store appeal
 Promotional actions
 Et cetera
How these criteria then interact with particular channels is the important issue; as is how these criteria
and the individual channel can be correlated and manipulated to maximise Added Value and minimise
Transaction Costs.
Branded Women's Fashion in Singapore
27
Added Value and Transaction Costs across the Supply Chain
OwnedExclusive
BrandStores
NationalBrand
Licensing
RetailFranchising
Sellingvia
Exclusive
Distributors
Multi-BrandRetail
Stores
DirectSellingto
Independent
Retailers
ConsumerParty
Plan
SocialNetwork
SalesTactics
Telemarketing
eCommerce
AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC
Australia H H M H M M M M M M M M L L L L L L L L
Bangladesh H M M M M M M M M M M M L L L L L L L L
Cambodia H H M M M M M M M M M M L L L L L L L L
China H H M M M M M M M M M M L L L L L L L L
Hong Kong H H M H M M M M M M M M L L L L L L L L
India H M M M M M M M M M M M L L L L L L L L
Indonesia H H M M M M M M M M M M L L L L L L L L
Japan H H M H M M M M M M M M L M L L L L L L
Malaysia H H M M M M M M M M M M L L L L L L L L
New Zealand H H M M M M M M M M M M L L L L L L L L
Philippines H M M M M M M M M M M M L L L L L L L L
Singapore H H M M M M M M M M M M L L L L L L L L
South Korea H H M H M M M M M M M M L L L L L L L L
Sri Lanka H M M M M M M M M M M M L L L L L L L L
Taiwan H H M M M M M M M M M M L L L L L L L L
Thailand H H M M M M M M M M M M L L L L L L L L
Vietnam H M M M M M M M M M M M L L L L L L L L
AV = Added Value : TC = Transaction Costs : H = High : M = Medium : L = Low
Branded Women's Fashion in Singapore
28
Clothing retailers per 10,000 inhabitants
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Australia 9 10 9 10 9 10 10 11 11 10 9
Bangladesh 4 4 4 4 5 5 5 6 5 5 5
Cambodia 4 4 5 5 5 6 6 6 7 8 9
China 8 8 8 7 8 8 9 9 9 9 10
Hong Kong 7 8 8 9 9 8 9 10 10 9 8
India 5 5 6 5 6 7 7 7 8 9 10
Indonesia 6 7 7 6 6 7 7 7 7 7 7
Japan 9 9 9 9 9 9 10 10 9 10 10
Malaysia 6 7 6 7 7 8 9 9 8 9 9
New Zealand 9 10 9 9 8 9 9 9 10 10 9
The Philippines 6 7 6 7 8 7 8 8 9 9 10
Singapore 5 5 5 5 5 5 5 6 6 6 5
South Korea 8 8 9 10 10 10 10 10 10 10 11
Sri Lanka 4 4 4 4 4 5 5 6 6 6 6
Taiwan 6 7 7 7 7 7 7 7 8 8 9
Thailand 5 5 5 6 6 7 8 8 8 9 9
Vietnam 4 4 5 5 5 5 5 6 7 7 8
Clothing Store Revenue per Square Meter per annum (US$)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Australia 3500 3898 4341 4834 4845 5395 6009 6022 6707 7469 7486
Bangladesh 1500 1497 1659 1656 1836 2035 2031 2252 2496 2491 2762
Cambodia 1450 1453 1618 1802 1806 2012 2240 2245 2501 2506 2791
China 2400 2417 2705 3027 3049 3070 3092 3114 3137 3159 3535
Hong Kong 19800 20900 22061 20958 19910 18915 17969 18967 20021 19020 18069
India 1800 1865 2148 2474 2564 2657 2753 2853 3286 3784 3921
Indonesia 1700 1950 2237 2309 2649 2734 2823 3238 3343 3834 4398
Japan 11100 10533 11105 10538 11111 10543 10005 10548 11122 10553 10014
Malaysia 2200 2280 2625 2721 2820 2922 3029 3139 3614 3746 3882
New Zealand 4500 4455 4410 4366 4323 4279 4237 4660 5126 5075 5024
Philippines 1100 1196 1301 1415 1709 2066 2496 2714 3280 3963 4789
Singapore 8100 7953 7808 8518 9292 9123 9953 10858 11845 12921 12686
South Korea 3300 3785 3908 4034 4165 4777 5480 6286 6489 7443 7684
Sri Lanka 1600 1767 1951 1939 2140 2127 2349 2593 2577 2846 2828
Taiwan 3200 3223 3246 3269 3292 3316 3711 4152 4182 4212 4242
Thailand 8300 8093 7890 8548 8334 9029 9781 9536 9298 10073 10912
Vietnam 2100 2176 2256 2597 2692 3100 3212 3329 3450 3576 4117
Branded Women's Fashion in Singapore
29
Average Revenue per Clothing Store per annum (‘000 US$)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Australia 340 341 342 342 343 382 383 426 475 476 477
Bangladesh 131 131 145 145 160 160 177 177 196 196 195
Cambodia 134 134 150 150 150 167 168 187 208 232 232
China 236 238 266 268 300 302 338 340 343 383 386
Hong Kong 1908 2014 1913 1818 1727 1823 1924 2031 2144 2036 2150
India 159 165 171 177 204 211 219 252 261 301 346
Indonesia 170 195 201 208 238 246 254 291 301 311 321
Japan 1188 1253 1321 1253 1189 1128 1190 1254 1323 1394 1470
Malaysia 205 212 245 282 292 303 314 361 416 431 447
New Zealand 394 433 429 425 421 463 509 504 499 494 543
Philippines 110 133 161 194 211 255 308 335 405 489 591
Singapore 722 788 859 844 828 813 887 968 950 933 916
South Korea 302 312 358 410 423 437 501 575 660 757 868
Sri Lanka 146 161 178 177 195 194 193 213 235 234 258
Taiwan 305 341 344 385 430 434 437 489 492 496 555
Thailand 763 744 806 873 946 922 999 974 950 1029 1115
Vietnam 185 192 221 229 237 273 283 326 375 389 448
Average Clothing Store Sales Area (Square Meters)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Australia 97 84 77 67 69 72 60 70 73 61 61
Bangladesh 89 89 82 88 89 75 90 77 77 76 69
Cambodia 93 92 88 79 84 79 74 85 87 97 83
China 97 103 98 88 97 94 114 105 105 115 110
Hong Kong 100 98 91 85 89 98 107 108 107 112 118
India 90 90 79 69 75 83 80 83 81 75 83
Indonesia 101 99 90 94 94 88 85 87 87 84 71
Japan 104 116 115 115 109 109 123 121 121 128 140
Malaysia 91 91 91 104 101 101 106 116 120 118 110
New Zealand 87 97 97 100 93 107 116 108 102 94 109
Philippines 100 105 117 130 120 119 122 125 119 120 118
Singapore 90 99 108 103 90 86 92 88 82 73 71
South Korea 91 82 96 103 100 94 93 94 102 106 116
Sri Lanka 93 95 93 88 90 86 78 82 87 82 91
Taiwan 98 104 111 112 124 135 112 117 121 118 129
Thailand 87 94 104 97 111 102 104 99 105 99 101
Vietnam 83 90 97 90 83 88 88 93 105 104 108
Branded Women's Fashion in Singapore
30
Existing Distribution Channels
Wholesale-Domestic
owned&controlled
Wholesale-Foreign
controlled
Wholesale-Joint
Ventures
Wholesale-Other
Retailer-Domestic
owned&controlled
Retailer-Foreign
controlled
Retailers-Joint
Ventures
Retail–Internet&
Others
% % % % % % % %
Australia 82 7 8 3 83 7 5 5
Bangladesh 86 6 6 2 82 6 4 8
Cambodia 87 5 4 4 80 8 5 7
China 87 7 2 4 84 7 4 5
Hong Kong 81 12 4 3 77 11 7 5
India 91 6 2 1 84 7 5 4
Indonesia 84 8 4 4 79 6 7 8
Japan 85 8 2 5 81 8 3 8
Malaysia 83 6 5 6 80 5 6 9
New
Zealand
85 6 8 1 78 8 7 7
Philippines 82 6 6 6 81 6 8 5
Singapore 82 7 6 5 81 8 8 3
South
Korea
87 5 1 7 83 6 2 9
Sri Lanka 87 7 1 5 86 5 6 3
Taiwan 85 5 6 4 80 5 9 6
Thailand 82 5 7 6 82 7 8 3
Vietnam 91 5 1 3 86 6 4 4
New Distribution developments
Multiple-Channel Development
Developing a Multi-Channel approach to the consumer is often very effective and allows:-
 Efficient access to each market segment
 Increased market coverage
 Lower channel cost
 Opportunities for targeted and customised selling
 More precise control of channels
Branded Women's Fashion in Singapore
31
 The introduction of Complementary Channels, each of which targets different product or
consumer segments.
 Competitive Channels where more than one channels competes for the same consumer
segment. This permits dynamic pricing tactics, promotional opportunities and better inventory
management mechanisms.
Multi-Marketing & Social Networking
Developing a Multi-Marketing & Social Networking approach to the consumer can help access niche
markets:-
 Direct selling an Party Plan to access specific demographics (Married women, Older women,
women in rural locations)
 Telemarketing which can access Housewives and women at their work place.
 Social Network integration with mobile applications to promote specific events and ‘shopping
experiences’ for the younger demographics.
e-Commerce & M-Commerce
The effective application of e-Commerce and then Mobile Applications will increasing become very
important in the marketing mix of all brands.
Online Shopping by Middle Classes – Purchases per month
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Australia 8 9 11 12 13 14 15 16 17 18 19
Bangladesh 3 4 5 7 8 9 10 11 12 13 14
Cambodia 2 3 4 5 7 8 8 9 10 12 12
China 8 9 10 11 12 13 14 15 15 16 17
Hong Kong 6 7 8 9 10 12 13 14 15 16 16
India 4 5 6 7 8 9 10 11 12 13 14
Indonesia 3 4 6 6 7 8 9 10 11 12 13
Japan 5 6 7 8 9 10 11 12 13 14 16
Malaysia 3 4 5 6 7 8 9 10 11 12 13
New Zealand 9 10 11 13 13 14 15 16 17 18 19
Philippines 5 6 7 8 9 11 11 12 13 14 15
Singapore 5 6 7 8 9 10 12 12 13 15 15
South Korea 8 9 10 11 12 13 14 15 17 18 19
Sri Lanka 3 4 5 6 7 8 9 10 11 11 13
Taiwan 6 7 8 9 10 11 12 13 14 15 16
Thailand 3 4 5 6 7 8 9 10 10 11 12
Vietnam 3 4 5 6 7 8 9 10 11 12 13
The data above is derived from statistically accurate social / income group, and full age spectrum,
surveys.
Branded Women's Fashion in Singapore
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Distribution Policies & Strategies
Distribution Strategies for consideration
ExclusiveDistributor
Non-ExclusiveDistributor
SelectedWholesaleDistribution
IntensiveDistributiontoprovide
conveniencetoindependentretailers
DirectsupplytoSelectedRetailers
IntensiveDistributiontoindependent
retailers
Multi-channelDistribution
Australia X
Bangladesh X
Cambodia X
China X
Hong Kong X
India X
Indonesia X
Japan X
Malaysia X
New Zealand X
Philippines X
Singapore X
South Korea X
Sri Lanka X
Taiwan X
Thailand X
Vietnam X
The above distribution strategies are used by the
current players in each of the country markets. Each
distribution method needs to be analysed in depth to
understand the implications.
Exclusive Distribution advantages include:
 Maximised control over service
level
 Control of costs
 Enhanced brand equity
 Enhanced margins
 Control of tied retailers
 Improved independent retailer
loyalty
 Improved ERP and inventory
control
 Improved merchandising controls
 Improved forecasting and market
reaction time
 Market power and influence
Exclusive Distribution disadvantages:
 Risk in reliance on an exclusive
distribution system
 Mainly geared to big brand, high
price, high margin and low volume
products
Intensive Distribution advantages include:-
 Potentially increased retailer sales
 Wider consumer recognition
 Enhanced product exposure
Intensive Distribution disadvantages:-
 Applicable to low price, low-margin
high street brands
 Products require constant
refreshing and high stock turn
 Difficulty controlling brand image
Selective Distribution advantages:
 Better market coverage than
exclusive distribution
 More control and less cost than
intensive distribution
 Concentration on productive
outlets
 Carry full product line
 Provide superior services
Selective Distribution disadvantages:
 May not cover the market
adequately
 Potential errors in distributor
selection
Branded Women's Fashion in Singapore
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Adaption of Distribution
Strategies
Channel Control Strategies
BetterknowledgeofConsumerbuyinghabits
BetterattentiontoCustomerexpectations
MoreattentiontoCompetitor’sproduct
offerings
Betterselectionofretailoutlets&locations
Improvementof‘StoreExperience’
MoreattentiontoBrandEquity
Increasevolumelevelofsales
MoreattentiontotheMarketingMix
VerticalMarketingSystem(VMS)
ERPmethodology
Firmcentralcoordination
ProfessionalManagement
Programmednetworksystems
Useofinnovativemarketingchannels
Definitionsofcorporate,administrativeand
contractualVMS
HorizontalMarketingSystem
Symbioticmarketing
Australia X X X X X X X X X X
Bangladesh X X X X X X X X X X X X X X X X X
Cambodia X X X X X X X X X X X X X X X X X
China X X X X X X X X X X X X X X X X X
Hong Kong X X X X X X X X X
India X X X X X X X X X X X X X X X X X
Indonesia X X X X X X X X X X X X X X X X X
Japan X X X X X X
Malaysia X X X X X X X X X X X X X X X X X
New Zealand X X X X X X X X X X X X X X X
Philippines X X X X X X X X X X X X X X X X X
Singapore X X X X X X X
South Korea X X X X X X X X X
Sri Lanka X X X X X X X X X X X X X X X X X
Taiwan X X X X X X X X X X X X X X
Thailand X X X X X X X X X X X X X X X X X
Vietnam X X X X X X X X X X X X X X X X X
The countries marked with an X indicate the need for the distribution strategies to be analysed in
depth to understand the implications.
Branded Women's Fashion in Singapore
34
Purchasing power
NationalWholesalers
RegionalWholesalers
IndependentWholesalers
Agents&Jobbers
NationalRetailers
RegionalRetailers
IndependentRetailers
MailOrder
Catalogue
Online
Australia S M L M S M L S M M
Bangladesh M L N L M M N L L L
Cambodia M L N L M M N L L L
China S M L M S M L M M M
Hong Kong S M L M S M L M M M
India S M L M S M L M M M
Indonesia S M L M S M L M M M
Japan S M L M S M L S M M
Malaysia S M L M S M L M M M
New Zealand S M L M S M L M M M
Philippines S M L M S M L M M M
Singapore S M L M S M L M M M
South Korea S M L M S M L M M M
Sri Lanka M L N M M M N L L L
Taiwan S M L M S M L M M M
Thailand S M L M S M N M M M
Vietnam M L N L M M N L L L
S = Substantial : M = Moderate : L = Limited : N = None
Purchasing power is defined by the relative discounts and terms of payment achieved that each level
of the supply chain can achieve when negotiating with their suppliers. In general the distribution and
retail buyers can usually negotiate more advantageous terms with suppliers from Asia than with
suppliers from North America or Europe.
Branded Women's Fashion in Singapore
35
Retail Trade Life Cycle and Development in Women’s Fashion
Brand Development in the Retail Trade
The Retail Trade Life Cycle and Brand Development in Women’s Fashion have been very consistent
since the 1980s. Obviously in certain more developed countries like Australia, Japan, South Korea the
stage of the Life Cycle is fully mature and has reached saturation.
China will during the next decade experience structural problems with the age demographic and this
will affect Women’s fashion products.
It is not anticipated that the newly developing Asia Pacific countries will catch up with the developed
countries before 2025. Indeed with the effects of an aging population throughout the region there is
some doubt about the impact the age demographic will have on the life cycle in many Asia Pacific
countries.
Branded Women's Fashion in Singapore
36
Future Prospects and Development of the Retail Trade
The future of the Retail Trade in the Asia Pacific region will emulate the development of the trade in
North America and Europe; expect that the development will be greatly accelerated. Essentially the
Asia Pacific trade will clone the concepts and systems used in North America and Europe and simply
adapt those to local conditions. Thus whereas in North America and Europe Women’s Fashion brands
took some three decades to evolve, in Asia Pacific region this will be done much rapidly and will
depend solely on the ability of the local populations to have the disposable income to afford such
consumer brands.
In the larger countries, like China, India and Indonesia, it is probable that traditional retailing will never
fully evolve; as is has done in North America and Europe. This is due to the rapid changes in age
demographics within these countries and the effects of new distribution processes like online retailing.
For women’s fashion brands to develop along tradition lines, in the high street and shopping malls, it
will be necessary for retailers to develop and enhance the ‘shopping experience’ to draw consumers
to their brands.
City and Town analysis for Singapore
The Research focuses on the Girl’s and Women’s Fashion Retailers in the Major Cities and General
Clothing Retailers in other cities. A full list of the cities in the database can be found here:
http://www.datagroup.org/BASE_FOLDERS/World_Cities/SN.html
The overall Market Data covers each of the major towns and cities in Singapore can be found here:
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear
ch/CTM.xls
Detailed Market Data covers each of the major towns and cities in Singapore can be found here:
http://www.worldconsumption.info/Womens_Fashion_Singapore/MarketResearch/MR_TOWN_MARK
ET.htm
Branded Women's Fashion in Singapore
37
Wholesaler, Trade Buyer, Retailer and Store Performance Surveys
Products
1. Cardigans & Jumpers
2. Dresses
3. Jackets & Coats
4. Jeans & Denim
5. Knitwear
6. Lingerie
7. Maternity Wear
8. Nightwear
9. Shirts & Blouses - Tops & T-Shirts
10. Suits
11. Skirts
12. Sportswear & Swimwear
13. Stockings, Tights & Socks
14. Trousers, Leggings, Culottes, Shorts, Dungarees
15. Accessories
Retail Operations
1. Brand Management
2. Product Management
3. Marketing & Selling Activity
4. Store Presentation & Merchandising
5. Product Offering Specifications & Characteristics
6. Product Quality Control
7. Design Research & Development
8. Customer Handling
9. Product Sourcing & Control
10. Financial Controls
11. Staff Training / Control & Relations
12. Product Throughput Capacity & Control
13. Supply System Control & Development
14. Distribution Control
15. Product Handling Systems & IT
Buyer Profiles
1. Wholesalers
2. Trade Buyers
3. Retailers
4. Consumers
5. Immediate Distributors
6. Immediate Trade
7. Immediate End Users
8. Immediate Other Users
9. End User Age: <25
10. End User Age: 25-55
11. End User Age: 25-55
12. End User Social Group: AB
13. End User Social Group: C1
14. End User Social Group: C2
15. End User Social Group: DE
Trading Area
1. Singapore City Malls
2. Singapore City Downtown
3. Singapore City Districts
Branded Women's Fashion in Singapore
38
4. Serangoon
5. Jurong
6. Nee Soon
Competitors
1. Luxury Brands
2. European High Street Brands
3. American High Street Brands
4. Asian Brands
5. Singapore Labels
6. Maxstudio
7. Mango
8. GAP
9. Zara
10. Miss Selfridge
11. Dorothy Perkins
12. G2000
13. Karen Millen
14. H & M
15. M)phosis
These surveys cover the Markets, Products, Competitors, Operations and Product Flows in terms of
the Suppliers, Distributors, Retailers, and End Users. Please read the Definition & Notes first.
Retailer & Wholesaler Surveys
Products:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5P.xls
Retail Operations:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5O.xls
Trade Decision Makers Surveys:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5A.xls
Trading Area
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5T.xls
Competitors
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5C.xls
Branded Women's Fashion in Singapore
39
Trade Decision Makers Surveys
Products:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6P.xls
Retail Operations:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6O.xls
Trade Decision Makers Surveys:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6A.xls
Trading Area
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6T.xls
Competitors
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6C.xls
Store Performance Surveys
Products:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7P.xls
Retail Operations:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7O.xls
Trade Decision Makers Surveys:
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7A.xls
Trading Area
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7T.xls
Competitors
http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7C.xls
The surveys are best viewed as a graphic representation and users should use the normal facilities in
Excel to render the Excel spreadsheets as a graphic.
To understand the format and structure of these Surveys please consult the following schematic and
Survey Definitions
Branded Women's Fashion in Singapore
40
Market Size
Singapore Branded Market Volume Sold in units by Product Sectors
Indonesia 2007 2008 2009 2010 2011
Young Casual Wear 53,484,859 57,611,532 48,269,766 48,471,307 51,337,352
Career Wear 9,526,845 8,934,055 8,744,010 8,206,428 7,954,027
Denim & Casual Wear 50,991,834 48,407,030 46,543,447 42,734,940 38,894,493
Every day Wear 107,289,477 102,634,671 110,099,876 96,379,220 96,398,309
Sports & Outdoor Wear 11,956,902 12,692,097 10,614,662 9,906,191 11,179,431
Lingerie & Underwear 54,755,269 48,491,466 46,540,555 47,504,416 42,248,751
Fashion Accessories 97,616,635 86,501,478 79,078,088 65,151,083 70,653,314
Singapore 2007 2008 2009 2010 2011
Young Casual Wear 1,405,920 1,288,388 1,219,106 1,154,129 1,050,166
Career Wear 265,100 275,231 212,277 227,439 203,761
Denim & Casual Wear 1,069,791 1,006,153 1,013,070 993,686 944,845
Every day Wear 3,031,121 3,132,912 2,291,444 2,341,384 2,169,188
Sports & Outdoor Wear 267,720 303,695 263,253 256,353 245,992
Lingerie & Underwear 1,351,340 1,431,499 1,203,009 1,149,630 1,115,283
Fashion Accessories 2,276,722 1,969,247 1,865,766 1,936,966 1,604,711
Vietnam 2007 2008 2009 2010 2011
Young Casual Wear 12,034,846 14,424,131 12,183,127 12,446,896 9,583,164
Career Wear 2,549,570 2,220,044 2,272,262 1,992,507 2,059,919
Denim & Casual Wear 10,782,464 9,252,172 9,464,232 8,152,172 7,413,800
Every day Wear 24,042,658 25,230,759 21,543,970 21,594,873 24,071,680
Sports & Outdoor Wear 2,795,290 2,688,551 2,716,908 2,531,636 2,457,093
Lingerie & Underwear 11,843,970 12,511,958 11,172,413 11,115,851 11,588,574
Fashion Accessories 18,127,938 21,567,514 18,118,158 16,812,320 16,834,647
Branded Women's Fashion in Singapore
41
Singapore Branded Market Value by Product Sectors
Women’s Fashion Market at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear
ch/SN_M0M.xls
Women’s Fashion Lines at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear
ch/SN_M0Mx44812WF_L.xls
Women’s Garment Lines at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear
ch/SN_M0Mx44812WG_L.xls
City / Town Market Value
The overall Market Data covers each of the major towns and cities in Singapore can be found here:
http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear
ch/CTM.xls
Detailed Market Data covers each of the major towns and cities in Singapore can be found here:
http://www.worldconsumption.info/Womens_Fashion_Singapore/MarketResearch/MR_TOWN_MARK
ET.htm
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Womens fashion singapore

  • 1. WOMEN'S FASHION IN SINGAPORE © 1974 - 2012 THE WOMEN’S FASHION MARKET REPORTS ARE AVAILABLE FOR: Australia, Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, & Vietnam.
  • 2. Branded Women's Fashion in Singapore 2 This report has been prepared by: 17 September 2012 WOMEN'S FASHION IN SINGAPORE WOMEN'S FASHION IN SINGAPORE The Women's Fashion in Singapore core database has 63 chapters, plus Excel spreadsheets & Access databases, and a large number of documents, tools and utilities. CONTENTS Indicates a dynamic link to the online data Contents CONTENTS .......................................................................................................................................... 2 Introduction ......................................................................................................................................... 14 Pan Asia average for monthly Consumer Spending in 2008-2011 .............................................. 14 Monthly Consumer Spending forecast for 2013-2018.................................................................. 15 Asia-Pacific Fashion........................................................................................................................ 17 Korean Fashion............................................................................................................................... 17 Objectives........................................................................................................................................ 18 Criteria............................................................................................................................................. 18 1. Report Criteria..................................................................................................................... 18 Parameters...................................................................................................................................... 20 2. Research overview.............................................................................................................. 20 Brand Surveys................................................................................................................................. 22 Brand Coverage .............................................................................................................................. 24 Market Opportunity.......................................................................................................................... 26 Analysis of the development of the retail trade and its life cycle .................................................. 26 Added Value and Transaction Costs across the Supply Chain.................................................... 27 Clothing retailers per 10,000 inhabitants...................................................................................... 28 Clothing Store Revenue per Square Meter per annum (US$)...................................................... 28
  • 3. Branded Women's Fashion in Singapore 3 Average Revenue per Clothing Store per annum (‘000 US$) ...................................................... 29 Average Clothing Store Sales Area (Square Meters) .................................................................. 29 Existing Distribution Channels ..................................................................................................... 30 New Distribution developments ................................................................................................... 30 Online Shopping by Middle Classes – Purchases per month ...................................................... 31 Distribution Policies & Strategies................................................................................................. 32 Retail Trade Life Cycle and Development in Women’s Fashion .................................................. 35 City and Town analysis for Singapore .................................................................................. 36 Wholesaler, Trade Buyer, Retailer and Store Performance Surveys ........................................... 37 Products....................................................................................................................................... 37 Retail Operations ......................................................................................................................... 37 Buyer Profiles .............................................................................................................................. 37 Trading Area................................................................................................................................ 37 Competitors ................................................................................................................................. 38 Retailer & Wholesaler Surveys............................................................................................. 38 Trade Decision Makers Surveys........................................................................................... 39 Store Performance Surveys ................................................................................................. 39 Market Size ..................................................................................................................................... 40 Singapore Branded Market Volume Sold in units by Product Sectors ......................................... 40 Singapore Branded Market Value by Product Sectors ......................................................... 41 City / Town Market Value ..................................................................................................... 41 Consumer Attitudes ..................................................................................................................... 42 Products....................................................................................................................................... 42 Retail Operations ......................................................................................................................... 42 Buyer Profiles .............................................................................................................................. 42 Trading Area................................................................................................................................ 42 Competitors ................................................................................................................................. 43 Consumer Surveys............................................................................................................... 43 Store Performance Surveys ................................................................................................. 44 Competitive Factors ........................................................................................................................ 45 Representative Brands ................................................................................................................ 45 Brands Price Differentials ............................................................................................................ 49 Product Price Differentials ........................................................................................................... 50 Product Positioning ......................................................................................................................... 51 Casual Product ............................................................................................................................ 51 Smart Casual............................................................................................................................... 51 Formal.......................................................................................................................................... 51
  • 4. Branded Women's Fashion in Singapore 4 Special Occasion ......................................................................................................................... 51 Price Discounting......................................................................................................................... 52 Low Price..................................................................................................................................... 52 Market Median Price.................................................................................................................... 52 High Price .................................................................................................................................... 52 Basic Quality................................................................................................................................ 53 Median Quality............................................................................................................................. 53 High Quality ................................................................................................................................. 53 Premium Quality .......................................................................................................................... 53 Low Product Specification............................................................................................................ 54 Undifferentiated Product .............................................................................................................. 54 Differentiated ............................................................................................................................... 54 High Specification ........................................................................................................................ 54 No Target Audience..................................................................................................................... 55 Some Targeting ........................................................................................................................... 55 Highly Targeted ........................................................................................................................... 55 Specific Audience ........................................................................................................................ 55 High Volume ................................................................................................................................ 56 Median Volumes .......................................................................................................................... 56 Low Volume ................................................................................................................................. 56 Restricted Volume........................................................................................................................ 56 Necessity Product........................................................................................................................ 57 Common Product......................................................................................................................... 57 Discretionary Product................................................................................................................... 57 Luxury Product............................................................................................................................. 57 Frequent Cleaning ....................................................................................................................... 58 Average Cleaning ........................................................................................................................ 58 Infrequent Cleaning...................................................................................................................... 58 Specialist Cleaning ...................................................................................................................... 58 Simple Merchandising.................................................................................................................. 59 Display Merchandising................................................................................................................. 59 Featured ...................................................................................................................................... 59 Complex Proposal ....................................................................................................................... 59 Basic Advertising ......................................................................................................................... 60 Feature Advertising...................................................................................................................... 60 Target Advertising........................................................................................................................ 60 Complex Advertising.................................................................................................................... 60 Brand Positioning Tactics & Strategy .............................................................................................. 61
  • 5. Branded Women's Fashion in Singapore 5 Current Tactical Brand Model ...................................................................................................... 61 Strategic Brand Objectives .......................................................................................................... 62 Functional Positioning - Symbolic Positioning - Experiential Positioning ..................................... 63 Customer Value Propositioning ................................................................................................... 64 Value Concept & Positioning ....................................................................................................... 65 Brand Differentiation Propositions ............................................................................................... 66 Key Selling Messages.................................................................................................................. 67 Communications Tactics.............................................................................................................. 68 Advertising Tactics....................................................................................................................... 69 Media & PR Tactics ..................................................................................................................... 70 Web & Online Tactics .................................................................................................................. 71 Point of Sale Tactics.................................................................................................................... 72 Merchandising ............................................................................................................................. 73 Product Display............................................................................................................................ 74 Korean Brands ................................................................................................................................ 75 Awareness of existing Korean Brands ......................................................................................... 75 Trade Buyer Perceptions of existing Korean Brands....................................................................... 76 Customer Base Perceptions of existing Korean Brands .............................................................. 77 Perceived Strengths and Weaknesses of existing Korean Brands .............................................. 78 Market Entry Management Factors ................................................................................................. 79 Women’s Fashion Distribution ..................................................................................................... 79 Retail Level.................................................................................................................................. 79 Nature of Competition.................................................................................................................. 80 Brand Competition ....................................................................................................................... 80 Value............................................................................................................................................ 81 Location ....................................................................................................................................... 81 Supply Chain ............................................................................................................................... 81 Nature of Competition.................................................................................................................. 82 Supplier Price Differentials........................................................................................................... 83 Retailer Reaction ......................................................................................................................... 84 Supplier Reaction ........................................................................................................................ 85 Conclusion................................................................................................................................... 86 Distributors – Market Entry choices ............................................................................................. 88 Retail Presence – Market Entry choices ...................................................................................... 89 Distribution Channel: Advantages – Disadvantages .................................................................... 90 Market Entry options for Domestic Brands ...................................................................................... 91 Market Entry options for Established or Global Brands ................................................................... 92 Market Entry Features ................................................................................................................. 93
  • 6. Branded Women's Fashion in Singapore 6 Start-up Costs ................................................................................................................................. 94 Start-up Costs, Initial Investment and Product Launch Balance sheet ........................................ 94 Inventory Costs............................................................................................................................ 94 Brand Store Start-up Costs.......................................................................................................... 95 Independent Store Start-up Costs ............................................................................................... 96 Brand In-Store Start-up Costs...................................................................................................... 97 Distributor / Exclusive Wholesaler Sign-up Costs........................................................................ 98 Start Times Weeks: Brand Store ................................................................................................. 99 Start Times Weeks: Independent Store ..................................................................................... 100 Start Times Weeks: Distributor / Exclusive Wholesaler ............................................................. 101 Economies of Scale with multiple Stores ................................................................................... 102 Cash Flow, Profit & Loss, Balance Sheet, Project Financial Analysis ........................................... 103 12 Months Cash Flow Analysis.................................................................................................. 103 First 12 months and First 3 years Profit & loss Account............................................................. 104 1-7 Years Balance Sheet........................................................................................................... 105 10 Years Project Financial Analysis........................................................................................... 106 SWOT Analysis ............................................................................................................................. 107 SWOT analysis by type of Market Entry .................................................................................... 107 Entry via Own Retail Stores....................................................................................................... 107 Entry via Domestic Retail Joint Venture..................................................................................... 107 Entry via National Franchise Licensee....................................................................................... 108 Entry via Intensive Individual Franchising.................................................................................. 108 Entry via Exclusive National Distributor ..................................................................................... 109 Entry via Intensive National Distribution / Wholesaling .............................................................. 109 Competitive Analysis ..................................................................................................................... 110 Indonesia Representative Brands.............................................................................................. 110 Singapore Representative Brands ............................................................................................. 111 Vietnam Representative Brands ................................................................................................ 112 Market Penetration Prospects ....................................................................................................... 113 Advancing into the target markets ............................................................................................. 113 Brand Concept........................................................................................................................... 114 Brand Equity .............................................................................................................................. 114 Customer Based Brand Equity................................................................................................... 115 Brand Knowledge ...................................................................................................................... 115 Substantial Brand Knowledge & Awareness – All Brands.......................................................... 115 Brand Equity Model.................................................................................................................... 116 Substantial Brand Loyalty – All Brands...................................................................................... 117 Substantial Brand Quality –v Price Perceptions – All Brands .................................................... 118
  • 7. Branded Women's Fashion in Singapore 7 Brand Knowledge Components ................................................................................................. 119 Brand Resonance Components................................................................................................. 119 Brand Resonance ...................................................................................................................... 120 Qualitative Brand Research....................................................................................................... 122 Qualitative Brand Identifiers....................................................................................................... 122 Marketing communication applied to fashion products .............................................................. 123 The Brand Image in the marketing communication process ...................................................... 124 The Store Image in marketing communication process ............................................................. 124 Consumer confidence and consumer markets in Asia-Pacific ................................................... 125 Consumer Confidence Index ..................................................................................................... 125 Consumer Attitudes and Perceptions which impact Clothing Brands ........................................ 127 % Usage & Purpose of clothes purchases................................................................................. 128 Celebrity endorsement............................................................................................................... 129 Relative Ranking Criteria and Consumer Habits for Clothing Purchase .................................... 130 Brand Selection ......................................................................................................................... 130 Price over Brand Loyalty amongst Young Buyers...................................................................... 131 Purchase Drivers for Younger Buyers : < 19 and 19-24 Years Old........................................ 131 Domestic Brands -v- Foreign Brands......................................................................................... 132 Asia-Pacific Markets Conclusion................................................................................................ 133 Fashion market potential in the Asia-Pacific region ................................................................... 133 What do consumers want in a branded product?....................................................................... 134 What can Korean brands and designers do to counter the established brands? ....................... 135 How can Korean brands and designers do better than the established brands? ....................... 135 Novel marketing methods to distinguish oneself from the competition ...................................... 136 Unique Brand Offerings ............................................................................................................. 137 New and Untapped Market Demand.......................................................................................... 138 Niche Markets............................................................................................................................ 138 Brand Superiority ....................................................................................................................... 139 Building Heritage Brands ........................................................................................................... 139 Brand Resonance ...................................................................................................................... 140 Brand Persistence ..................................................................................................................... 141 Brand Development Opportunities............................................................................................. 143 Fashion Industry Checklist......................................................................................................... 147 Fashion Design and Merchandising........................................................................................... 147 Performance Indicators.............................................................................................................. 148 Application of Design – Performance Factors............................................................................ 149 Industry Performance Indicators................................................................................................ 149 Performance Indicators for brand selection, development, and distribution............................... 150
  • 8. Branded Women's Fashion in Singapore 8 Performance Indicators for merchandising strategies................................................................ 151 Market Strategy Insight.................................................................................................................. 152 Market Entry Possibilities and Criteria ....................................................................................... 152 Market Entry Difficulties ............................................................................................................. 152 Market Potential......................................................................................................................... 153 Financial Potential ..................................................................................................................... 154 Consumer Potential & Attitudes................................................................................................. 155 Relative Return on Investment by country 1-7 years & 7-14 years............................................ 156 Relative Return on Investment by country 14+ years & Overall................................................. 157 Relative Return on Investment by Product Category ................................................................. 158 Relative Return on Investment by country for Young Casual Wear ........................................... 158 Relative Return on Investment by country for Career Wear....................................................... 159 Relative Return on Investment by country for Denim & Casual Wear........................................ 160 Relative Return on Investment by country for Every day Wear.................................................. 161 Relative Return on Investment by country for Sports & Outdoor Wear...................................... 162 Relative Return on Investment by country for Lingerie & Underwear ........................................ 163 Relative Return on Investment by country for Fashion Accessories .......................................... 164 Opinions of the fashion and retail experts on introducing new brands....................................... 165 MARKET RESEARCH COVERAGE................................................................................................. 166 Markets & Products covered ......................................................................................................... 166 Product Sectors ......................................................................................................................... 166 Survey Data................................................................................................................................... 167 Consumer Surveys .................................................................................................................... 167 Retailer & Wholesaler Surveys .................................................................................................. 168 Trade Decision Makers Surveys................................................................................................ 168 Store Performance Surveys....................................................................................................... 169 Competitors ............................................................................................................................... 169 Retail Operations ....................................................................................................................... 170 Products..................................................................................................................................... 170 Buyer Profiles ............................................................................................................................ 171 Trading Area.............................................................................................................................. 171 Geographic Coverage ................................................................................................................... 172 Financial data................................................................................................................................ 172 Financial Data Scenarios........................................................................................................... 172 Financial Margins & Ratios Data Scenarios............................................................................... 172 Singapore General Contents......................................................................................................... 173 Singapore Report Table of Contents ............................................................................................. 174 Singapore Core Database Open the Core Database here .......................................................... 174
  • 9. Branded Women's Fashion in Singapore 9 Sections......................................................................................................................................... 174 Preface.............................................................................................................................. 174 Chapters............................................................................................................................ 174 Databases ......................................................................................................................... 174 Financials .......................................................................................................................... 174 Industry.............................................................................................................................. 174 Markets.............................................................................................................................. 174 Products ............................................................................................................................ 174 Grids.................................................................................................................................. 174 Reference.......................................................................................................................... 174 Contents............................................................................................................................ 174 Legend............................................................................................................................... 174 Cities ................................................................................................................................. 174 Countries........................................................................................................................... 174 Chapters........................................................................................................................................ 175 Chapter 1.................................................................................................................................. 175 ADMINISTRATION............................................................................................................ 175 Chapter 2.................................................................................................................................. 175 ADVERTISING .................................................................................................................. 175 Chapter 3.................................................................................................................................. 175 BUYERS – COMMERCIAL OPERATIONS ....................................................................... 175 Chapter 4.................................................................................................................................. 175 BUYERS – COMPETITORS.............................................................................................. 175 Chapter 5.................................................................................................................................. 175 BUYERS – MAJOR CITY .................................................................................................. 175 Chapter 6.................................................................................................................................. 175 BUYERS – PRODUCTS.................................................................................................... 175 Chapter 7.................................................................................................................................. 175 BUYERS – TRADE CELL.................................................................................................. 175 Chapter 8.................................................................................................................................. 175 COMPETITIVE INDUSTRY ANALYSIS............................................................................. 175 Chapter 9.................................................................................................................................. 175 COMPETITOR ANALYSIS ................................................................................................ 175 Chapter 10................................................................................................................................. 175 COUNTRY FOCUS ........................................................................................................... 175 Chapter 11................................................................................................................................. 175
  • 10. Branded Women's Fashion in Singapore 10 DISTRIBUTION ................................................................................................................. 175 Chapter 12................................................................................................................................. 175 FINANCIAL - BUSINESS DECISION SCENARIOS .......................................................... 175 Chapter 13................................................................................................................................. 175 FINANCIAL - CAPITAL COSTS FINANCIAL SCENARIOS............................................... 175 Chapter 14................................................................................................................................. 175 FINANCIAL - CASHFLOW OPTION SCENARIOS............................................................ 175 Chapter 15................................................................................................................................. 175 FINANCIAL - COST STRUCTURE SCENARIOS.............................................................. 175 Chapter 16................................................................................................................................. 175 FINANCIAL - HISTORIC INDUSTRY BALANCE SHEET.................................................. 175 Chapter 17................................................................................................................................. 175 FINANCIAL - HISTORIC MARKETING COSTS & MARGINS........................................... 175 Chapter 18................................................................................................................................. 175 FINANCIAL - INVESTMENT + COST REDUCTION SCENARIOS ................................... 175 Chapter 19................................................................................................................................. 175 FINANCIAL - MARKET CLIMATE SCENARIOS ............................................................... 175 Chapter 20................................................................................................................................. 175 FINANCIAL – MARKETING COSTS ................................................................................. 175 Chapter 21................................................................................................................................. 175 FINANCIAL - MARKETING EXPENDITURE SCENARIOS............................................... 175 Chapter 22................................................................................................................................. 175 FINANCIAL – MARKETING MARGINS............................................................................. 175 Chapter 23................................................................................................................................. 175 FINANCIAL - STRATEGIC OPTIONS SCENARIOS ......................................................... 175 Chapter 24................................................................................................................................. 175 FINANCIAL - SURVIVAL SCENARIOS............................................................................. 175 Chapter 25................................................................................................................................. 175 FINANCIAL - TACTICAL OPTIONS SCENARIOS ............................................................ 175 Chapter 26................................................................................................................................. 176 GEOGRAPHIC DATA........................................................................................................ 176 Chapter 27................................................................................................................................. 176 INDUSTRY - NORMS........................................................................................................ 176 Chapter 28................................................................................................................................. 176 MAJOR CITY MARKET ANALYSIS .................................................................................. 176 Chapter 29................................................................................................................................. 176 MARKET CAPITAL ACCESS SCENARIOS...................................................................... 176
  • 11. Branded Women's Fashion in Singapore 11 Chapter 30................................................................................................................................. 176 MARKET CASHFLOW SCENARIOS ................................................................................ 176 Chapter 31................................................................................................................................. 176 MARKET ECONOMIC CLIMATE SCENARIOS ................................................................ 176 Chapter 32................................................................................................................................. 176 MARKET INVESTMENT + COSTS SCENARIOS ............................................................. 176 Chapter 33................................................................................................................................. 176 MARKET MARKETING EXPENDITURE SCENARIOS..................................................... 176 Chapter 34................................................................................................................................. 176 MARKET RISK SCENARIOS ............................................................................................ 176 Chapter 35................................................................................................................................. 176 MARKET STRATEGIC OPTION SCENARIOS ................................................................. 176 Chapter 36................................................................................................................................. 176 MARKET SURVIVAL OPTION SCENARIOS .................................................................... 176 Chapter 37................................................................................................................................. 176 MARKET TACTICAL OPTION SCENARIOS..................................................................... 176 Chapter 38................................................................................................................................. 176 MARKETING EXPENDITURE -v- MARKET SHARE ........................................................ 176 Chapter 39................................................................................................................................. 176 MARKETING STRATEGY DEVELOPMENT..................................................................... 176 Chapter 40................................................................................................................................. 176 MARKETS ......................................................................................................................... 176 Chapter 41................................................................................................................................. 176 OPERATIONAL ANALYSIS............................................................................................... 176 Chapter 42................................................................................................................................. 176 OVERSEAS DEVELOPMENT........................................................................................... 176 Chapter 43................................................................................................................................. 176 PERSONNEL MANAGEMENT.......................................................................................... 176 Chapter 44................................................................................................................................. 176 PHYSICAL DISTRIBUTION + CUSTOMER HANDLING................................................... 176 Chapter 45................................................................................................................................. 176 PRICING............................................................................................................................ 176 Chapter 46................................................................................................................................. 176 PROCESS + ORDER HANDLING..................................................................................... 176 Chapter 47................................................................................................................................. 176 PRODUCT ANALYSIS ...................................................................................................... 176 Chapter 48................................................................................................................................. 176
  • 12. Branded Women's Fashion in Singapore 12 PRODUCT DEVELOPMENT............................................................................................. 176 Chapter 49................................................................................................................................. 176 PRODUCT MARKETING FACTORS ................................................................................ 176 Chapter 50................................................................................................................................. 176 PRODUCT MIX ................................................................................................................. 176 Chapter 51................................................................................................................................. 176 PRODUCT SUMMARY...................................................................................................... 176 Chapter 52................................................................................................................................. 176 PROFIT RISK SCENARIOS.............................................................................................. 176 Chapter 53................................................................................................................................. 177 PROMOTIONAL MIX......................................................................................................... 177 Chapter 54................................................................................................................................. 177 SALESFORCE DECISIONS.............................................................................................. 177 Chapter 55................................................................................................................................. 177 SALES PROMOTION........................................................................................................ 177 Chapter 56................................................................................................................................. 177 SURVEYS ......................................................................................................................... 177 Chapter 57................................................................................................................................. 177 TARGETS - PRODUCT + MARKET................................................................................. 177 Chapter 58................................................................................................................................. 177 TECHNOLOGY ................................................................................................................. 177 Chapter 59................................................................................................................................. 177 TRADE CELL ANALYSIS.................................................................................................. 177 Chapter 60................................................................................................................................. 177 URBAN COMPETITION .................................................................................................... 177 Chapter 61................................................................................................................................. 177 TOWNS - FINANCIAL ....................................................................................................... 177 Chapter 62................................................................................................................................. 177 TOWNS - INDUSTRY........................................................................................................ 177 Chapter 63................................................................................................................................. 177 TOWNS - MARKET ........................................................................................................... 177 BUSINESS PLANNING..................................................................................................................... 178 Checklist........................................................................................................................................ 178 Checklist implementation........................................................................................................... 181 Advancing your Project.............................................................................................................. 182 Cashflow Projections..................................................................................................................... 183 The Business Plan Programme..................................................................................................... 184
  • 13. Branded Women's Fashion in Singapore 13 Installing the Business Plan Programme ................................................................................... 185 Methodology.................................................................................................................................. 192 Presentation .................................................................................................................................. 192 After-Sales Service & Client Support............................................................................................. 192 Real Time Support..................................................................................................................... 193 Resource Webs -v- Dedicated sites........................................................................................... 193 Product Level............................................................................................................................. 194 Data Product levels.................................................................................................................... 195 Getting Started with the Core Database .................................................................................... 196 Using the data............................................................................................................................ 196 Toolkit ........................................................................................................................................ 196 Proprietary Software packages.................................................................................................. 197
  • 14. Branded Women's Fashion in Singapore 14 Introduction The growth of the middle classes in Asia-Pacific countries and the globalization of women’s garment retailing have led to the rapid expansion of global brands in Asia-Pacific markets. These brands may be conveniently divided into the following main groupings: • Luxury • High Street • Asia-Pacific Brands • Department Stores Brands & Generic Brands Whereas in Europe and North America these brands are purchased by all Social and Income Groups, in Asia the purchases often tend to be more skewed towards the higher end of the spectrum simply for the reason that local median income levels tend to be less than those of buyers in Europe and North America. Thus whereas many of the High Street brands would in Europe and North America be regarded as inexpensive and therefore accessible to the D and E social groups, in many Asia-Pacific countries these same brands would be more patronized by the C1 and C2 social groups. Furthermore, there is a sociological context to the development of the global brands in Asia which make them more acceptable to those potential buyers more exposed to globalized culture through their education or through the media they observe. The growth and market penetration of the globalized brands in Asia will certainly be more promising and sustainable in Asia than for the same brands in North America and Europe. With a rapidly growing middle class in most Asia-Pacific countries there is a significant augmentation in household incomes. As household income grows the percentage of disposable income which was in the past used on food is diminishing and this provides the basis for much more discretionary spending. Inevitable the use of some of that disposable income will be channelled into fashion products. Pan Asia average for monthly Consumer Spending in 2008-2011
  • 15. Branded Women's Fashion in Singapore 15 Monthly Consumer Spending forecast for 2013-2018 Food&Drink Clothing Durables Home Furnishings Health&Beauty Medical Footwear LeisureGoods LuxuryGoods Otherspending& Investments % % % % % % % % % % Australia 36 6 5 3 2 5 2 3 4 34 Bangladesh 72 7 4 3 3 4 1 2 2 2 Cambodia 68 5 3 3 2 5 1 2 2 9 China 55 6 3 3 2 6 1 2 3 19 Hong Kong 44 5 4 3 2 4 2 2 4 30 India 68 7 3 3 4 5 1 2 3 4 Indonesia 62 7 3 4 3 4 1 1 3 12 Japan 36 6 5 3 2 5 2 3 4 34 Malaysia 57 7 3 4 3 6 1 2 3 14 New Zealand 36 5 4 3 1 4 2 3 4 38 The Philippines 61 6 4 4 2 5 1 2 2 13 Singapore 40 5 4 3 2 4 1 2 3 36 South Korea 37 6 5 3 1 4 2 3 4 35 Sri Lanka 70 6 3 4 4 6 1 2 2 2 Taiwan 42 6 4 2 1 5 2 2 3 33 Thailand 55 7 3 3 3 6 1 2 3 17 Vietnam 68 7 4 4 2 6 1 2 3 3 Disposable Income and Discretionary Spending (together with the consumers’ own assessment of future trends) is measured during Consumer Surveys when consumers were asked specific psychometric questions which tested and cross-checked the issues mentioned here. The data above is derived from statistically accurate social / income group, and full age spectrum, surveys. In most Asia-Pacific markets the Value Proposition of many Luxury and High Street brands have survived intact; conversely in North America and Europe the Value Proposition of many Luxury and High Street brands have been devalued for a number of reasons. Fashion Garments, as with Jewellery and Cosmetics products, have seen their perceived worth diminished during the last decade or so in North America and Europe. This is due to both the popularization of the brands which make them less exclusive, and because they are perceived to be less costly to manufacture and less durable. Some formerly high end brands have suffered for these reasons; for example, the Ralph Lauren Polo brand is not perceived to be as up-market as before because it is now worn by C2, D and E social groups and because their labels show that the garments are manufactured in Jamaica, Malaysia, and more recently in even cheaper labour-rate countries. Similarly in the United Kingdom the Burberry brand has suffered because it was adopted as a dress code or uniform by badly behaved youth gangs of the D and E social groups; and thereby the Burberry brand became associated with a particularly unfortunate customer base, thereby devaluing the brand.
  • 16. Branded Women's Fashion in Singapore 16 There are psychological reasons which currently make Asia-Pacific markets more durable than, for example, the United Sates or the United Kingdom markets and that is the general neurotic 1 (and sometimes psychotic) psychology of female fashion and luxury goods consumers in some countries. The increasingly neurotic nature of some of these customer bases is tending to divert expenditure away from fashion into other neurotic activities. In, for example the United Sates and the United Kingdom, neurotic behaviour patterns have increasingly led women to succumb to eating disorders (which has led to obesity) and impulsive disorders like drinking alcohol to excess. This has caused a rapid rise in over-weight women (over 50% of the adult female population in the United Sates and the United Kingdom are over-weight) and clinical obesity (over 35% of the adult female population in the United Sates and over 25% of the adult female population in the United Kingdom are clinical obese). This means that these women find it increasingly difficult to interact and interface with fashion products and as a consequence they do not perceive themselves to be capable of engaging with much of the fashion industry. Neuroses play an important part in the purchasing behaviours of consumers, especially with fashion and luxury goods, and these neuroses represent both opportunities and threats to fashion product manufacturers and retailers. The good news for fashion product manufacturers and retailers is that a neurotic customer base makes it relatively easier for retailers to loosen the purses of buyers; the bad news is that a neurotic customer base has a short attention span and is prone to be irrationally diverted to other neurotic activity. 1 The terms neurosis and psychosis are used in their clinical context. The symptoms as described as follows:- There are many forms of neurosis: obsessive-compulsive disorder, anxiety neurosis, hysteria, and a very wide variety of phobias as well as obsessions. Effects of neurosis can involve anxiety, sadness or depression, anger, irritability, mental confusion, low sense of self-worth, et cetera; behavioural symptoms such as phobic avoidance, vigilance, impulsive and compulsive acts, lethargy, et cetera; cognitive problems such as unpleasant or disturbing thoughts, repetition of thoughts and obsession, habitual fantasizing, negativity and cynicism, etc. Interpersonally, neurosis involves dependency, perfectionism, feelings of isolation, socio-culturally behaviours, et cetera. Individuals who score high on neuroticism are more likely than the average to experience such feelings as anxiety, anger, envy, guilt, and depressed mood. They respond more poorly to environmental stress, and are more likely to interpret ordinary situations as threatening, and minor frustrations as hopelessly difficult. They are often self-conscious and shy, and they may have trouble controlling urges and delaying gratification. Neuroticism is a risk factor for the "internalizing" mental disorders such as phobia, depression, panic disorder, and other anxiety disorders (traditionally called neuroses). Research has found that a wide range of clinical mental disorders are associated with elevated levels of neuroticism compared to levels in the general population. Disorders associated with elevated neuroticism include mood disorders, such as depression and bipolar disorder, anxiety disorders, eating disorders, schizoaffective disorder, dissociative identity disorder, and hypochondriasis. Mood disorders tend to have a much larger association with neuroticism than these other disorders. The remaining personality disorders had either modest positive or non-significant (in the case of narcissistic and histrionic) associations with neuroticism. Research has consistently found that on average, women score moderately higher than men on neuroticism. A study examining gender differences in big five personality traits in 55 nations found that across nations the most pronounced gender difference in personality was in neuroticism. In 49 of the 55 nations studied, women scored significantly higher in neuroticism than men. In no country did men report significantly higher neuroticism than women, although in Botswana and Indonesia, men were slightly higher than women. Gender differences in neuroticism within nations ranged from very small to quite large. The differences were moderate to large in 17 countries, and small to moderate in 29 countries. In only seven countries - Bangladesh, Tanzania, Ethiopia, Greece, Japan, Botswana, and Indonesia - were they negligible. African and Asian/South Asian world regions tended to have smaller sex differences in personality overall than did western world regions (Europe, and North and South America). Differences in the magnitude of sex differences between world regions were due to differences between men in these respective regions. That is, men in western world regions were lower on neuroticism compared to men in African and Asian/South Asian world regions. Women, on the other hand tended not to differ in neuroticism across regions. Gender differences were also positively associated with measures of human development, that is, a long and healthy life, access to knowledge and education, and decent standards of living. Sex differences became more pronounced in countries with higher levels of human development. It is speculated that resource poor environments (that is, countries with low levels of development) may inhibit the development of gender differences, whereas resource rich environments facilitate them. This may be because males require more resources than females in order to reach their full developmental potential. Evolutionary theories suggest that gender differences in neuroticism developed because men have evolved to be more risk taking whereas women have evolved to be more cautious and hence more anxious and avoidant when faced with danger.
  • 17. Branded Women's Fashion in Singapore 17 Asia-Pacific Fashion The market for Branded Women’s Fashion wear is becoming increasingly sophisticated in the Asia- Pacific markets. When Jimmy Lai started the Giordano brand in Hong Kong in 1981 the business model was relatively unsophisticated, and relied on a facsimile American product offering coupled to an Italian sounding brand name. Giordano ran into problems and since 2001 their business model has proved somewhat fragile. The question remains: can an Asia-Pacific company produce facsimile American or European product designs with an American or European sounding brand name and succeed? The probability is that this business model will not succeed in the long term. Indeed Peter Lau, the current CEO of Giordano is now actively seeking a more robust business model. The reasons for the less than dynamic growth for brands like Giordano is not because the product design or the product quality is less than that of any of the American or European brands, it is just that Asia-Pacific buyers, especially women, are fully exposed to American and European brands and they value the brand image or legacy of those global brands. In Indonesia, Singapore and in other Asia-Pacific countries there is a new generation of fashion entrepreneurs with great ambition and encouraging designs. Can this new generation of fashion designer introduce products which are marketable across Asia? With thousands of new brands being produced in Asia it is increasingly difficult for brands and designers to achieve long term success. Korean Fashion Korean Brands, like those of Woo Jong Wan’s Basic House, have also emulated American or European design trends and coupled these with Brand names like Basic House, Mind Bridge, Voll, The Class, D’Urban, and so forth. The Singapore department store, Robinsons, carries the Basic House products; however these brands have not greatly succeeded against the European or American brands sold in Singapore. This study is designed to answer one question; how can Korean Women’s Fashion brands and designers profitably market their products to an increasingly sophisticated customer base? What tactics and strategies should the Korean companies use to counter the existing brands; and which market or product niches will open up new opportunities for the Korean companies?
  • 18. Branded Women's Fashion in Singapore 18 Objectives To research the Women’s Fashion Market in Singapore and thereby develop entry strategies for the penetration of that market Criteria 1. Report Criteria This report has been conducted using primary and secondary research:-  Primary Personal Interviews were conducted with Fashion Experts at Fashion Magazines or other Media, Fashion Brand Managers, Fashion Trade Buyers, Fashion Retailers, In-store Retail Negotiators, Retail Mall Operators, Fashion Wholesalers, Property & Real Estate agents, Shop-fitting companies, Shipping and Logistics companies. The discussions with these persons covered the following issues based on the interviewees’ personal or corporate experiences:- Company History Planned Products & Services during Start-up Current Market Analysis Current Strategy & Implementation Current Management Current Financial Plan Start-Up Investment Fund Sources & Use of Funds Shop Legal Entity & Ownership Company History to Date Company Facilities Company Key Assets Actual Products Carried & Services Offered  Description  Target Customer  Features & Benefits  Competition Competitive Advantage / Barriers to Entry Encountered after Start-up Development Plans Future Market Analysis Future Target Customer Projected Market Size
  • 19. Branded Women's Fashion in Singapore 19 Future Fashion Trends SWOT ANALYSIS Strengths • Experience and understanding of the fashion industry • Shopping experience and customer service • Location • Consumer base Weaknesses • Untested markets • Niche markets Opportunities • Outstanding shopping experience will lead to repeat business • Online presence • Establish a clothing line Threats • Cost and effectiveness of marketing to women • New retail shops FUTURE STRATEGY PLANNING & IMPLEMENTATION  Philosophy  Product Development  Internet Strategy  Marketing Strategy  Sales Strategy  Strategic Alliances  Operations GOALS  Renovating, stocking, staff hiring and marketing  Hosting events  Penetrate and raise awareness in the targeted consumer market  Achieving a higher profit margin  Build a solid customer base and contact list  Generate repeat and referral sales  Become a highly profitable business with expansion potential  Establish a solid reputation as quality retail establishment EXIT STRATEGY
  • 20. Branded Women's Fashion in Singapore 20 MANAGEMENT  Organizational Structure  Leadership  Staff Members FINANCIAL PLAN  Finance Requirements  Use of Funds  Income Statement & Projections  Cash Flow Projections  Balance Sheet Topics  Financial Assumptions  Primary Surveys of Consumers and Retail Customers were undertaken to analyse Brand awareness and attitudes in Singapore. These Surveys included not only Women’s Fashion products, but also other Luxury and High Street Brands in order to fully evaluate the impact of Branding on Disposable Income and Discretionary Purchases in Singapore. See details below.  DataGroup Fashion Market databases.  Market and Financial Data from 1997 to 2011, forecast to 2012-2018 and 2018-2025.  Market and Financial Data in US$ prices and Local Currency by year. Parameters 2. Research overview Research Subjects • Female clothing target market: Up to 19 years, 20-24 years, 25-34 years, 35-44 years, 45-54 years, 55-64 years, 64+ years. • Female Garment Categories covered 1. Fur & Fun Fur Garments 2. Dresses 3. Outerwear Coats, Jackets & Rainwear 4. Suits, Trouser Suits, Jackets, Blazers & Business Wear 5. Slacks, Trousers, Jeans, Shorts & Skirts 6. Tops, T-Shirts, Knit & Woven Tops, Blouses, Sweaters 7. Sportswear & Swimwear
  • 21. Branded Women's Fashion in Singapore 21 8. Hosiery, Pantyhose, Socks & Tights 9. Underwear, Bras & Girdles 10. Lingerie, Sleepwear & Loungewear 11. Hats, Scarves, Wigs & Hairpieces 12. Accessories, Handbags, Wallets, Neckwear, Gloves & Belts 13. Tailored Garments 14. Casual, Sweat tops, Pants, & Warm-ups 15. Functional Garments, Uniforms, Smocks & Workwear 16. Footwear 17. Dress & Casual Footwear 18. Athletic Footwear & Trainers • Female Fashion Categories covered: 1. Young Casual Wear 2. Career Wear 3. Denim & Casual Wear 4. Every day Wear 5. Sports & Outdoor Wear 6. Lingerie & Underwear 7. Fashion Accessories 8. Footwear Towns and Cities covered in Singapore The overall Market Data covers each of the major towns and cities in Singapore. Click on this link to see the towns and cities covered. http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/World_Citi es/SN.html
  • 22. Branded Women's Fashion in Singapore 22 Brand Surveys This evaluation consists of Consumer Surveys undertaken in the shopping areas and malls of Singapore. The data collected was for the target Women’s Fashion Brands, plus other Luxury and High Street Brands to be found in Singapore. Individual Brand Surveys are available (from the After-Sales Service) for each of the Brands named below:- • Women’s Fashion Brands covered in Singapore are: Luxury Brands  Armani  Balenciaga  Bottega Veneta  Burberry  Celine  Chanel  Diane von Furstenberg  Dior  Dolce & Gabbana  Etro  Fendi  Ferragamo  Givenchy  Gucci  Hermes  Kate Spade  Loewe  Louis Vuitton  Marc Jacobs  Max Mara  Miu Miu  PRADA  Ralph Lauren  Valentino  Yves Saint Laurent High Street Brands  Abercrombie & Fitch  Banana Republic  BCBGMAXAZRIA  Bershka  CK Jeans  DKNY  Dorothy Perkins  Forever 21  GAP  Guess  H & M  Karen Millen
  • 23. Branded Women's Fashion in Singapore 23  Mango  Maxstudio  Miss Selfridge  New Look  Pull & Bear  River Island  Topshop  Wallis  Warehouse  Zara Asian Brands  BYSI  ESPRIT  Fox  G2000 (G2000)  G2000 (Wing Tai)  GG<5  M)phosis  Muji  Uniqlo  WOMB Department Store & Generic Brands  BHG  Isetan  OG  Robinsons  Takashimaya  Tangs
  • 24. Branded Women's Fashion in Singapore 24 Brand Coverage • In addition other Luxury and High Street Brands were evaluated for their impact of Branding on Disposable Income and Discretionary Purchases in Singapore. These brands included non-fashion products so that an overall appraisal of Brand Impact on Discretionary Purchases could be more completely assessed in Singapore. Individual Brand Surveys are available for each of these Brands from the After-Sales Service. Singapore: Store targets Luxury European / US Brands  Gucci  PRADA  Armani  Dolce & Gabbana  Dior  Hermes  Chanel  Louis Vuitton  Miu Miu  YSL  Ralph Lauren  Fendi  Etro  Bottega Veneta  Celine  Balenciaga  Loewe  Valentino  Ferragamo  Givenchy  Burberry  Diane von Furstenberg  Marc Jacobs  Kate Spade  Max Mara High Street European Brands  Topshop  H&M  Zara  River Island  Mango  Miss Selfridge  DP
  • 25. Branded Women's Fashion in Singapore 25  Pull & Bear  New Look  Warehouse  Karen Millen  Bershka High Street US Brands  A&F  DKNY  CK Jeans  Forever 21  Guess  GAP  Banana Republic Asian Brands  Uniqlo  M)phosis  GG<5  BYSI  Espirit  WOMB  G2000 Generic / Department Stores  Isetan  Tangs  Takashimaya  John Little  Metro  BHG  OG
  • 26. Branded Women's Fashion in Singapore 26 Market Opportunity Analysis of the development of the retail trade and its life cycle The choice of route to the market has opportunities and pitfalls, product and brand superiority is an obvious competitive advantage which can be re-enforced through firm control of the retail channels. However products and brands superiority is a medium and long-term strategy which can be unstable and may be subject to short-term set-backs. Clearly strong brands with real product benefits have the best competitive advantage, and for this reason the long-lived brands have consistently invested in brand equity. The low transaction cost routes to the market have clear benefits, but may suffer from sustainability problems as the concept adopted is easy and inexpensive to replicate by competitors. The majority of foreign brands operating in any one country tend to choose the Medium Added Value and Medium Transaction Costs routes to the market as these are tested and known. However the use of novel and innovative channels of distribution are being increasingly explored by the brand leaders. Newcomers are less inhibited (than the entrenched brands) in trying and testing new distribution channels and often new brands can achieve improved market penetration through imaginative distribution policies and tactics. The task of any brand seeking to enter these markets is to achieve an alignment with the distribution and a synergy with consumer buying behaviours and expectations.  Analyse consumer buying behaviours  Evaluate consumer ‘Shopping Experience’ criteria  Identify consumer channel preferences  Correlate consumer channel usage with purchasing criteria  Provide flexible and adaptable retail channel options  Observer changes in consumer buying behaviours  Adapt and respond to consumer buying behaviours The above considerations are of course an analogy of the life cycle of particular channels. Failure to respond and adapt in the above manner will inevitably result in the premature shortening of the life cycle of any particular channel. The purchasing criteria of consumers will be recognisable, and have been specified in other sections of this study. The basic criteria are inevitably the same in most of the countries:-  Price  Availability  Brand  Quality  Shopping experience  Store Personnel  Store appeal  Promotional actions  Et cetera How these criteria then interact with particular channels is the important issue; as is how these criteria and the individual channel can be correlated and manipulated to maximise Added Value and minimise Transaction Costs.
  • 27. Branded Women's Fashion in Singapore 27 Added Value and Transaction Costs across the Supply Chain OwnedExclusive BrandStores NationalBrand Licensing RetailFranchising Sellingvia Exclusive Distributors Multi-BrandRetail Stores DirectSellingto Independent Retailers ConsumerParty Plan SocialNetwork SalesTactics Telemarketing eCommerce AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC AV TC Australia H H M H M M M M M M M M L L L L L L L L Bangladesh H M M M M M M M M M M M L L L L L L L L Cambodia H H M M M M M M M M M M L L L L L L L L China H H M M M M M M M M M M L L L L L L L L Hong Kong H H M H M M M M M M M M L L L L L L L L India H M M M M M M M M M M M L L L L L L L L Indonesia H H M M M M M M M M M M L L L L L L L L Japan H H M H M M M M M M M M L M L L L L L L Malaysia H H M M M M M M M M M M L L L L L L L L New Zealand H H M M M M M M M M M M L L L L L L L L Philippines H M M M M M M M M M M M L L L L L L L L Singapore H H M M M M M M M M M M L L L L L L L L South Korea H H M H M M M M M M M M L L L L L L L L Sri Lanka H M M M M M M M M M M M L L L L L L L L Taiwan H H M M M M M M M M M M L L L L L L L L Thailand H H M M M M M M M M M M L L L L L L L L Vietnam H M M M M M M M M M M M L L L L L L L L AV = Added Value : TC = Transaction Costs : H = High : M = Medium : L = Low
  • 28. Branded Women's Fashion in Singapore 28 Clothing retailers per 10,000 inhabitants 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australia 9 10 9 10 9 10 10 11 11 10 9 Bangladesh 4 4 4 4 5 5 5 6 5 5 5 Cambodia 4 4 5 5 5 6 6 6 7 8 9 China 8 8 8 7 8 8 9 9 9 9 10 Hong Kong 7 8 8 9 9 8 9 10 10 9 8 India 5 5 6 5 6 7 7 7 8 9 10 Indonesia 6 7 7 6 6 7 7 7 7 7 7 Japan 9 9 9 9 9 9 10 10 9 10 10 Malaysia 6 7 6 7 7 8 9 9 8 9 9 New Zealand 9 10 9 9 8 9 9 9 10 10 9 The Philippines 6 7 6 7 8 7 8 8 9 9 10 Singapore 5 5 5 5 5 5 5 6 6 6 5 South Korea 8 8 9 10 10 10 10 10 10 10 11 Sri Lanka 4 4 4 4 4 5 5 6 6 6 6 Taiwan 6 7 7 7 7 7 7 7 8 8 9 Thailand 5 5 5 6 6 7 8 8 8 9 9 Vietnam 4 4 5 5 5 5 5 6 7 7 8 Clothing Store Revenue per Square Meter per annum (US$) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australia 3500 3898 4341 4834 4845 5395 6009 6022 6707 7469 7486 Bangladesh 1500 1497 1659 1656 1836 2035 2031 2252 2496 2491 2762 Cambodia 1450 1453 1618 1802 1806 2012 2240 2245 2501 2506 2791 China 2400 2417 2705 3027 3049 3070 3092 3114 3137 3159 3535 Hong Kong 19800 20900 22061 20958 19910 18915 17969 18967 20021 19020 18069 India 1800 1865 2148 2474 2564 2657 2753 2853 3286 3784 3921 Indonesia 1700 1950 2237 2309 2649 2734 2823 3238 3343 3834 4398 Japan 11100 10533 11105 10538 11111 10543 10005 10548 11122 10553 10014 Malaysia 2200 2280 2625 2721 2820 2922 3029 3139 3614 3746 3882 New Zealand 4500 4455 4410 4366 4323 4279 4237 4660 5126 5075 5024 Philippines 1100 1196 1301 1415 1709 2066 2496 2714 3280 3963 4789 Singapore 8100 7953 7808 8518 9292 9123 9953 10858 11845 12921 12686 South Korea 3300 3785 3908 4034 4165 4777 5480 6286 6489 7443 7684 Sri Lanka 1600 1767 1951 1939 2140 2127 2349 2593 2577 2846 2828 Taiwan 3200 3223 3246 3269 3292 3316 3711 4152 4182 4212 4242 Thailand 8300 8093 7890 8548 8334 9029 9781 9536 9298 10073 10912 Vietnam 2100 2176 2256 2597 2692 3100 3212 3329 3450 3576 4117
  • 29. Branded Women's Fashion in Singapore 29 Average Revenue per Clothing Store per annum (‘000 US$) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australia 340 341 342 342 343 382 383 426 475 476 477 Bangladesh 131 131 145 145 160 160 177 177 196 196 195 Cambodia 134 134 150 150 150 167 168 187 208 232 232 China 236 238 266 268 300 302 338 340 343 383 386 Hong Kong 1908 2014 1913 1818 1727 1823 1924 2031 2144 2036 2150 India 159 165 171 177 204 211 219 252 261 301 346 Indonesia 170 195 201 208 238 246 254 291 301 311 321 Japan 1188 1253 1321 1253 1189 1128 1190 1254 1323 1394 1470 Malaysia 205 212 245 282 292 303 314 361 416 431 447 New Zealand 394 433 429 425 421 463 509 504 499 494 543 Philippines 110 133 161 194 211 255 308 335 405 489 591 Singapore 722 788 859 844 828 813 887 968 950 933 916 South Korea 302 312 358 410 423 437 501 575 660 757 868 Sri Lanka 146 161 178 177 195 194 193 213 235 234 258 Taiwan 305 341 344 385 430 434 437 489 492 496 555 Thailand 763 744 806 873 946 922 999 974 950 1029 1115 Vietnam 185 192 221 229 237 273 283 326 375 389 448 Average Clothing Store Sales Area (Square Meters) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australia 97 84 77 67 69 72 60 70 73 61 61 Bangladesh 89 89 82 88 89 75 90 77 77 76 69 Cambodia 93 92 88 79 84 79 74 85 87 97 83 China 97 103 98 88 97 94 114 105 105 115 110 Hong Kong 100 98 91 85 89 98 107 108 107 112 118 India 90 90 79 69 75 83 80 83 81 75 83 Indonesia 101 99 90 94 94 88 85 87 87 84 71 Japan 104 116 115 115 109 109 123 121 121 128 140 Malaysia 91 91 91 104 101 101 106 116 120 118 110 New Zealand 87 97 97 100 93 107 116 108 102 94 109 Philippines 100 105 117 130 120 119 122 125 119 120 118 Singapore 90 99 108 103 90 86 92 88 82 73 71 South Korea 91 82 96 103 100 94 93 94 102 106 116 Sri Lanka 93 95 93 88 90 86 78 82 87 82 91 Taiwan 98 104 111 112 124 135 112 117 121 118 129 Thailand 87 94 104 97 111 102 104 99 105 99 101 Vietnam 83 90 97 90 83 88 88 93 105 104 108
  • 30. Branded Women's Fashion in Singapore 30 Existing Distribution Channels Wholesale-Domestic owned&controlled Wholesale-Foreign controlled Wholesale-Joint Ventures Wholesale-Other Retailer-Domestic owned&controlled Retailer-Foreign controlled Retailers-Joint Ventures Retail–Internet& Others % % % % % % % % Australia 82 7 8 3 83 7 5 5 Bangladesh 86 6 6 2 82 6 4 8 Cambodia 87 5 4 4 80 8 5 7 China 87 7 2 4 84 7 4 5 Hong Kong 81 12 4 3 77 11 7 5 India 91 6 2 1 84 7 5 4 Indonesia 84 8 4 4 79 6 7 8 Japan 85 8 2 5 81 8 3 8 Malaysia 83 6 5 6 80 5 6 9 New Zealand 85 6 8 1 78 8 7 7 Philippines 82 6 6 6 81 6 8 5 Singapore 82 7 6 5 81 8 8 3 South Korea 87 5 1 7 83 6 2 9 Sri Lanka 87 7 1 5 86 5 6 3 Taiwan 85 5 6 4 80 5 9 6 Thailand 82 5 7 6 82 7 8 3 Vietnam 91 5 1 3 86 6 4 4 New Distribution developments Multiple-Channel Development Developing a Multi-Channel approach to the consumer is often very effective and allows:-  Efficient access to each market segment  Increased market coverage  Lower channel cost  Opportunities for targeted and customised selling  More precise control of channels
  • 31. Branded Women's Fashion in Singapore 31  The introduction of Complementary Channels, each of which targets different product or consumer segments.  Competitive Channels where more than one channels competes for the same consumer segment. This permits dynamic pricing tactics, promotional opportunities and better inventory management mechanisms. Multi-Marketing & Social Networking Developing a Multi-Marketing & Social Networking approach to the consumer can help access niche markets:-  Direct selling an Party Plan to access specific demographics (Married women, Older women, women in rural locations)  Telemarketing which can access Housewives and women at their work place.  Social Network integration with mobile applications to promote specific events and ‘shopping experiences’ for the younger demographics. e-Commerce & M-Commerce The effective application of e-Commerce and then Mobile Applications will increasing become very important in the marketing mix of all brands. Online Shopping by Middle Classes – Purchases per month 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Australia 8 9 11 12 13 14 15 16 17 18 19 Bangladesh 3 4 5 7 8 9 10 11 12 13 14 Cambodia 2 3 4 5 7 8 8 9 10 12 12 China 8 9 10 11 12 13 14 15 15 16 17 Hong Kong 6 7 8 9 10 12 13 14 15 16 16 India 4 5 6 7 8 9 10 11 12 13 14 Indonesia 3 4 6 6 7 8 9 10 11 12 13 Japan 5 6 7 8 9 10 11 12 13 14 16 Malaysia 3 4 5 6 7 8 9 10 11 12 13 New Zealand 9 10 11 13 13 14 15 16 17 18 19 Philippines 5 6 7 8 9 11 11 12 13 14 15 Singapore 5 6 7 8 9 10 12 12 13 15 15 South Korea 8 9 10 11 12 13 14 15 17 18 19 Sri Lanka 3 4 5 6 7 8 9 10 11 11 13 Taiwan 6 7 8 9 10 11 12 13 14 15 16 Thailand 3 4 5 6 7 8 9 10 10 11 12 Vietnam 3 4 5 6 7 8 9 10 11 12 13 The data above is derived from statistically accurate social / income group, and full age spectrum, surveys.
  • 32. Branded Women's Fashion in Singapore 32 Distribution Policies & Strategies Distribution Strategies for consideration ExclusiveDistributor Non-ExclusiveDistributor SelectedWholesaleDistribution IntensiveDistributiontoprovide conveniencetoindependentretailers DirectsupplytoSelectedRetailers IntensiveDistributiontoindependent retailers Multi-channelDistribution Australia X Bangladesh X Cambodia X China X Hong Kong X India X Indonesia X Japan X Malaysia X New Zealand X Philippines X Singapore X South Korea X Sri Lanka X Taiwan X Thailand X Vietnam X The above distribution strategies are used by the current players in each of the country markets. Each distribution method needs to be analysed in depth to understand the implications. Exclusive Distribution advantages include:  Maximised control over service level  Control of costs  Enhanced brand equity  Enhanced margins  Control of tied retailers  Improved independent retailer loyalty  Improved ERP and inventory control  Improved merchandising controls  Improved forecasting and market reaction time  Market power and influence Exclusive Distribution disadvantages:  Risk in reliance on an exclusive distribution system  Mainly geared to big brand, high price, high margin and low volume products Intensive Distribution advantages include:-  Potentially increased retailer sales  Wider consumer recognition  Enhanced product exposure Intensive Distribution disadvantages:-  Applicable to low price, low-margin high street brands  Products require constant refreshing and high stock turn  Difficulty controlling brand image Selective Distribution advantages:  Better market coverage than exclusive distribution  More control and less cost than intensive distribution  Concentration on productive outlets  Carry full product line  Provide superior services Selective Distribution disadvantages:  May not cover the market adequately  Potential errors in distributor selection
  • 33. Branded Women's Fashion in Singapore 33 Adaption of Distribution Strategies Channel Control Strategies BetterknowledgeofConsumerbuyinghabits BetterattentiontoCustomerexpectations MoreattentiontoCompetitor’sproduct offerings Betterselectionofretailoutlets&locations Improvementof‘StoreExperience’ MoreattentiontoBrandEquity Increasevolumelevelofsales MoreattentiontotheMarketingMix VerticalMarketingSystem(VMS) ERPmethodology Firmcentralcoordination ProfessionalManagement Programmednetworksystems Useofinnovativemarketingchannels Definitionsofcorporate,administrativeand contractualVMS HorizontalMarketingSystem Symbioticmarketing Australia X X X X X X X X X X Bangladesh X X X X X X X X X X X X X X X X X Cambodia X X X X X X X X X X X X X X X X X China X X X X X X X X X X X X X X X X X Hong Kong X X X X X X X X X India X X X X X X X X X X X X X X X X X Indonesia X X X X X X X X X X X X X X X X X Japan X X X X X X Malaysia X X X X X X X X X X X X X X X X X New Zealand X X X X X X X X X X X X X X X Philippines X X X X X X X X X X X X X X X X X Singapore X X X X X X X South Korea X X X X X X X X X Sri Lanka X X X X X X X X X X X X X X X X X Taiwan X X X X X X X X X X X X X X Thailand X X X X X X X X X X X X X X X X X Vietnam X X X X X X X X X X X X X X X X X The countries marked with an X indicate the need for the distribution strategies to be analysed in depth to understand the implications.
  • 34. Branded Women's Fashion in Singapore 34 Purchasing power NationalWholesalers RegionalWholesalers IndependentWholesalers Agents&Jobbers NationalRetailers RegionalRetailers IndependentRetailers MailOrder Catalogue Online Australia S M L M S M L S M M Bangladesh M L N L M M N L L L Cambodia M L N L M M N L L L China S M L M S M L M M M Hong Kong S M L M S M L M M M India S M L M S M L M M M Indonesia S M L M S M L M M M Japan S M L M S M L S M M Malaysia S M L M S M L M M M New Zealand S M L M S M L M M M Philippines S M L M S M L M M M Singapore S M L M S M L M M M South Korea S M L M S M L M M M Sri Lanka M L N M M M N L L L Taiwan S M L M S M L M M M Thailand S M L M S M N M M M Vietnam M L N L M M N L L L S = Substantial : M = Moderate : L = Limited : N = None Purchasing power is defined by the relative discounts and terms of payment achieved that each level of the supply chain can achieve when negotiating with their suppliers. In general the distribution and retail buyers can usually negotiate more advantageous terms with suppliers from Asia than with suppliers from North America or Europe.
  • 35. Branded Women's Fashion in Singapore 35 Retail Trade Life Cycle and Development in Women’s Fashion Brand Development in the Retail Trade The Retail Trade Life Cycle and Brand Development in Women’s Fashion have been very consistent since the 1980s. Obviously in certain more developed countries like Australia, Japan, South Korea the stage of the Life Cycle is fully mature and has reached saturation. China will during the next decade experience structural problems with the age demographic and this will affect Women’s fashion products. It is not anticipated that the newly developing Asia Pacific countries will catch up with the developed countries before 2025. Indeed with the effects of an aging population throughout the region there is some doubt about the impact the age demographic will have on the life cycle in many Asia Pacific countries.
  • 36. Branded Women's Fashion in Singapore 36 Future Prospects and Development of the Retail Trade The future of the Retail Trade in the Asia Pacific region will emulate the development of the trade in North America and Europe; expect that the development will be greatly accelerated. Essentially the Asia Pacific trade will clone the concepts and systems used in North America and Europe and simply adapt those to local conditions. Thus whereas in North America and Europe Women’s Fashion brands took some three decades to evolve, in Asia Pacific region this will be done much rapidly and will depend solely on the ability of the local populations to have the disposable income to afford such consumer brands. In the larger countries, like China, India and Indonesia, it is probable that traditional retailing will never fully evolve; as is has done in North America and Europe. This is due to the rapid changes in age demographics within these countries and the effects of new distribution processes like online retailing. For women’s fashion brands to develop along tradition lines, in the high street and shopping malls, it will be necessary for retailers to develop and enhance the ‘shopping experience’ to draw consumers to their brands. City and Town analysis for Singapore The Research focuses on the Girl’s and Women’s Fashion Retailers in the Major Cities and General Clothing Retailers in other cities. A full list of the cities in the database can be found here: http://www.datagroup.org/BASE_FOLDERS/World_Cities/SN.html The overall Market Data covers each of the major towns and cities in Singapore can be found here: http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear ch/CTM.xls Detailed Market Data covers each of the major towns and cities in Singapore can be found here: http://www.worldconsumption.info/Womens_Fashion_Singapore/MarketResearch/MR_TOWN_MARK ET.htm
  • 37. Branded Women's Fashion in Singapore 37 Wholesaler, Trade Buyer, Retailer and Store Performance Surveys Products 1. Cardigans & Jumpers 2. Dresses 3. Jackets & Coats 4. Jeans & Denim 5. Knitwear 6. Lingerie 7. Maternity Wear 8. Nightwear 9. Shirts & Blouses - Tops & T-Shirts 10. Suits 11. Skirts 12. Sportswear & Swimwear 13. Stockings, Tights & Socks 14. Trousers, Leggings, Culottes, Shorts, Dungarees 15. Accessories Retail Operations 1. Brand Management 2. Product Management 3. Marketing & Selling Activity 4. Store Presentation & Merchandising 5. Product Offering Specifications & Characteristics 6. Product Quality Control 7. Design Research & Development 8. Customer Handling 9. Product Sourcing & Control 10. Financial Controls 11. Staff Training / Control & Relations 12. Product Throughput Capacity & Control 13. Supply System Control & Development 14. Distribution Control 15. Product Handling Systems & IT Buyer Profiles 1. Wholesalers 2. Trade Buyers 3. Retailers 4. Consumers 5. Immediate Distributors 6. Immediate Trade 7. Immediate End Users 8. Immediate Other Users 9. End User Age: <25 10. End User Age: 25-55 11. End User Age: 25-55 12. End User Social Group: AB 13. End User Social Group: C1 14. End User Social Group: C2 15. End User Social Group: DE Trading Area 1. Singapore City Malls 2. Singapore City Downtown 3. Singapore City Districts
  • 38. Branded Women's Fashion in Singapore 38 4. Serangoon 5. Jurong 6. Nee Soon Competitors 1. Luxury Brands 2. European High Street Brands 3. American High Street Brands 4. Asian Brands 5. Singapore Labels 6. Maxstudio 7. Mango 8. GAP 9. Zara 10. Miss Selfridge 11. Dorothy Perkins 12. G2000 13. Karen Millen 14. H & M 15. M)phosis These surveys cover the Markets, Products, Competitors, Operations and Product Flows in terms of the Suppliers, Distributors, Retailers, and End Users. Please read the Definition & Notes first. Retailer & Wholesaler Surveys Products: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5P.xls Retail Operations: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5O.xls Trade Decision Makers Surveys: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5A.xls Trading Area http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5T.xls Competitors http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU5C.xls
  • 39. Branded Women's Fashion in Singapore 39 Trade Decision Makers Surveys Products: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6P.xls Retail Operations: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6O.xls Trade Decision Makers Surveys: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6A.xls Trading Area http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6T.xls Competitors http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU6C.xls Store Performance Surveys Products: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7P.xls Retail Operations: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7O.xls Trade Decision Makers Surveys: http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7A.xls Trading Area http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7T.xls Competitors http://www.worldconsumption.info/Womens_Fashion_Singapore/Database/FASHION_SN_SU7C.xls The surveys are best viewed as a graphic representation and users should use the normal facilities in Excel to render the Excel spreadsheets as a graphic. To understand the format and structure of these Surveys please consult the following schematic and Survey Definitions
  • 40. Branded Women's Fashion in Singapore 40 Market Size Singapore Branded Market Volume Sold in units by Product Sectors Indonesia 2007 2008 2009 2010 2011 Young Casual Wear 53,484,859 57,611,532 48,269,766 48,471,307 51,337,352 Career Wear 9,526,845 8,934,055 8,744,010 8,206,428 7,954,027 Denim & Casual Wear 50,991,834 48,407,030 46,543,447 42,734,940 38,894,493 Every day Wear 107,289,477 102,634,671 110,099,876 96,379,220 96,398,309 Sports & Outdoor Wear 11,956,902 12,692,097 10,614,662 9,906,191 11,179,431 Lingerie & Underwear 54,755,269 48,491,466 46,540,555 47,504,416 42,248,751 Fashion Accessories 97,616,635 86,501,478 79,078,088 65,151,083 70,653,314 Singapore 2007 2008 2009 2010 2011 Young Casual Wear 1,405,920 1,288,388 1,219,106 1,154,129 1,050,166 Career Wear 265,100 275,231 212,277 227,439 203,761 Denim & Casual Wear 1,069,791 1,006,153 1,013,070 993,686 944,845 Every day Wear 3,031,121 3,132,912 2,291,444 2,341,384 2,169,188 Sports & Outdoor Wear 267,720 303,695 263,253 256,353 245,992 Lingerie & Underwear 1,351,340 1,431,499 1,203,009 1,149,630 1,115,283 Fashion Accessories 2,276,722 1,969,247 1,865,766 1,936,966 1,604,711 Vietnam 2007 2008 2009 2010 2011 Young Casual Wear 12,034,846 14,424,131 12,183,127 12,446,896 9,583,164 Career Wear 2,549,570 2,220,044 2,272,262 1,992,507 2,059,919 Denim & Casual Wear 10,782,464 9,252,172 9,464,232 8,152,172 7,413,800 Every day Wear 24,042,658 25,230,759 21,543,970 21,594,873 24,071,680 Sports & Outdoor Wear 2,795,290 2,688,551 2,716,908 2,531,636 2,457,093 Lingerie & Underwear 11,843,970 12,511,958 11,172,413 11,115,851 11,588,574 Fashion Accessories 18,127,938 21,567,514 18,118,158 16,812,320 16,834,647
  • 41. Branded Women's Fashion in Singapore 41 Singapore Branded Market Value by Product Sectors Women’s Fashion Market at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025 http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear ch/SN_M0M.xls Women’s Fashion Lines at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025 http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear ch/SN_M0Mx44812WF_L.xls Women’s Garment Lines at Producer Prices in US$ 1997 to 2011, 2012-2018 and 2018-2025 http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear ch/SN_M0Mx44812WG_L.xls City / Town Market Value The overall Market Data covers each of the major towns and cities in Singapore can be found here: http://www.worldconsumption.info/Womens_Fashion_Singapore/BASE_FOLDERS/xls_MarketResear ch/CTM.xls Detailed Market Data covers each of the major towns and cities in Singapore can be found here: http://www.worldconsumption.info/Womens_Fashion_Singapore/MarketResearch/MR_TOWN_MARK ET.htm