Chapter 4 - Pearson
Chapter 4 - Pearson
Chapter 4 - Pearson
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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