30.05.2014 Views

Chapter 4 - Pearson

Chapter 4 - Pearson

Chapter 4 - Pearson

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

dia76827_ch04.qxd 12/1/04 1:19 PM Page 90<br />

90 SECTION I Introduction to Fashion Retailing<br />

Depression Babies. Having spent a great deal of money on college education for their children, the time is<br />

ripe for members of this group to spend on entertainment, travel, and some luxury items.Those with considerable<br />

money are status spenders and are the prime targets for designer labels.They are likely to shop at upscale department<br />

and specialty stores, boutiques, and designer shops.<br />

World War II Babies. While a large percentage of this class is still paying for their children’s college education,<br />

members of this group are often devotees of fashion products. Many of the women are in the work force and require<br />

fashionable clothing and accessories. Since their careers provide them with less time to shop in department<br />

stores,those who still enjoy a hands-on approach to purchasing often head for the specialty chains and boutiques.Many<br />

in the group purchase through catalogs and Internet Web sites during their free time.This group accounts for a number<br />

of divorces, which means that they have less money to spend on fashion merchandise. Both divorced men and<br />

women shop at off-price outlets that feature designer labels at prices below those of the traditional department stores.<br />

Mature Boomers. At ages forty-five to fifty-five, the mature boomers would like to spend on fashionable<br />

clothing, but many are often preoccupied with the costs of raising their families.They like nice things but cannot always<br />

buy in the amounts that they would like. Merchandise for members of this group is fashionable but functional,<br />

and they usually shop at chains, off-price centers, and specialty department stores.<br />

Mid-Boomers. This age segment is from thirty-three to forty-four years of age. Mid-boomers spend more<br />

on fashion merchandise than any other group. Many are dual-income families, therefore significantly increasing their<br />

overall finances, and spend to reflect their increased income. Making fashion statements is a must for many of them.<br />

They shop at boutiques, specialty stores, upscale department stores, and other brick-and-mortar operations where<br />

their fashion appetites can be satisfied. Many of them also make significant use of catalogs and Internet Web sites to<br />

make their purchases.<br />

Young Boomers. These twenty-six to thirty-two year-olds are often focused on making money and spending<br />

it as quickly as they earn it. Young boomers’ fashion requirements are often trendy, and they shop at the specialty<br />

chains, from catalogs, and on-line resources.<br />

Mature Busters. The twenty-to-twenty-five year-olds are generally influenced by their peers when it comes<br />

to purchasing fashion items. Mature busters are also greatly inspired by the fashion publications they regularly read<br />

and the personalities they see on their favorite television shows.They patronize lower-price point stores because<br />

their incomes are usually too low to afford better. Quantity is more important than quality in terms of their clothing<br />

and accessories purchases.<br />

Young Busters. At ages fourteen to nineteen, these shoppers are not self-sufficient. Young busters have<br />

part-time earnings that go toward fashion purchases at chains such as Express.<br />

Mature Boomlets. Although they are only eight to thirteen-years of age, mature boomlets are the ones<br />

whose members are highly indulged by their parents. Many are already aware of style and fashion and influence their<br />

parents to purchase such merchandise for them.They are more “sophisticated” in terms of fashion than any others<br />

in that age group that came before them, due in part to their fascination with television.Their needs are primarily<br />

satisfied by the chains such as GapKids and Limited II.<br />

TRENDS IN FASHION CONSUMER BEHAVIOR AND STATUS<br />

In the coming years, competition for consumers is expected to increase at significant rates.<br />

To make certain that they continue to get their fair share of the consumer’s dollars, many<br />

fashion merchants will continue to study the trends that will affect consumer spending. Some<br />

of these trends are described in the following sections.<br />

Assessment of On-line Buying Motivation<br />

The enormous increase in the use of the Internet for fashion purchasing will prompt merchants<br />

to explore the motives of those who buy apparel and accessories on-line. More and

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!