Presentation tells about the Fast Fashion that in present fashion develop in market and environment.

1. Fast Fashion
Fast fashion is a contemporary term used by fashion retailers to
express that designs move from catwalk quickly in order to capture
current fashion trends. Fast fashion clothing collections are based
on the most recent fashion trends presented at Fashion Week in
both the spring and the autumn of every year. Emphasis is on
optimizing certain aspects of the supply chain in order for these
trends to be designed and manufactured quickly and inexpensively
to allow the mainstream consumer to buy current clothing styles at
a lower price. This philosophy of quick manufacturing at an
affordable price is used in large retailers such as H&M, Zara,
Peacocks, and Topshop. It particularly came to the fore during the
vogue for "boho chic" in the mid-2000s.
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2. Category management
The primary objective of the fast fashion is to quickly produce
a product in a cost efficient manner to respond to fast
changing consumer tastes in as near real-time as possible.
This efficiency is achieved through the retailers’
understanding of the target market's wants, which is a high
fashion looking garment at a price at the lower end of the
clothing sector. Primarily, the concept of category
management has been used to align the retail buyer and the
manufacturer in a more collaborative relationship. Category
management is defined as "the strategic management of
product groups through trade partnerships, which aims to
maximize sales and profits by satisfying customer needs
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3. Quick response method
Quick Response (QR) was developed to improve
manufacturing processes in the textile industry with the
aim of removing time from the production system. The
U.S. Apparel Manufacturing Association initiated the
project in the early 1980s to address a competitive threat
to its own textile manufactures from imported textiles in
low labour cost countries. During the project lead times in
the manufacturing process were halved; the U.S. industry
became more competitive for a time, and imports were
lowered as a result.
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4. Marketing
Marketing is the key driver of fast fashion. Marketing creates the
desire for consumption of new designs as close as possible to the
point of creation. This is achieved by promoting fashion
consumption as something fast, low price and disposable. The
continuous release of new products essentially makes the
garments a highly cost effective marketing tool that drives
consumer visits, increases brand awareness, and results in higher
rates of consumer purchases. Fast fashion companies have also
enjoyed higher profit margins in that their markdown percentage is
only 15% compared to competitors’ 30% plus. The fast fashion
business model is based on reducing the time cycles from
production to consumption such that consumers engage in more
cycles in any time period.
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5. "Supermarket" market
The consumer in the fast fashion market thrives on
constant change and the frequent availability of new
products.Fast fashion is considered to be a
"supermarket" segment within the larger sense of the
fashion market. This term refers to fast fashion's nature
to "race to make apparel an even smarter and quicker
cash generator". Three crucial differentiating model
factors exist within fast fashion consumption: market
timing, cost, and the buying cycle. Timing's objective is to
create the shortest production time possible.
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6. Supply chain
Supply chains are central to the creation of fast fashion.
Supply chain systems are designed to add value and
reduce cost in the process of moving goods from design
concept to retail stores and finally through to
consumption. Efficient supply chains are critical to
delivering the retail customer promise of fast fashion. The
selection of a merchandising vendor is a key part in the
process. Inefficiency primarily occurs when suppliers
can't respond quickly enough, and clothing ends up
bottlenecked and in back stock
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7. Vendor relationships
The companies in the fast fashion market also utilize a
range of relationships with the suppliers. The product is
first classified as "core" or "fashion". Suppliers close to
the market are used for products that are produced in the
middle of a season, meaning trendy, "fashion" items. In
comparison, long-distance suppliers are utilized for
cheap, "core" items, sometimes referred to as "capsule"
clothing, that are used in collections every season and
have a stable forecast.
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8. Environmental impact
Consumers in developed countries produce massive
amounts of waste by buying and throwing away fashion
items. For example, the residents of New York City
discard around 200,000 tons of clothes, handbags, belts,
and other sorts of textiles each year. The average
American household produces 82 pounds of textile waste
every year. Consumers in the European Union generate
a total of 5.8 million tons of textiles each year that end up
in landfills.
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9. List of fast fashion brands
Zara
United Colors of
Benetton
Bestseller
Peacocks
Bershka
C&A
Charlotte Russe
Deb Shops
Lolly Wolly Doodle
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