04.12.2012 Views

A Guide to Fashion Forecasting - Fairchild Books

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What makes a product fashionable? What makes merchandise new<br />

and exciting or old and out of style? Who decides what will be “in fashion”<br />

in the next season? Where do these ideas and concepts come from?<br />

These are some of the questions that fashion professionals ask themselves<br />

when trying <strong>to</strong> plan for the upcoming season. The key <strong>to</strong> answering<br />

these questions lies in the field of fashion forecasting, which will be<br />

explained throughout the chapters of the book.<br />

WhAT Is fAshION fOreCAsTINg?<br />

<strong>Fashion</strong> forecasting is the practice of predicting upcoming trends based<br />

on past and present style-related information, the interpretation and analysis<br />

of the motivation behind a trend, and an explanation of why the prediction<br />

is likely <strong>to</strong> occur. By communicating the information <strong>to</strong> designers, retailers,<br />

product developers, manufacturers, and business professionals, they are<br />

able <strong>to</strong> produce products that consumers will want <strong>to</strong> purchase and profits<br />

can be made. Since fashion is constantly changing and evolving, forecasting<br />

has a pivotal role in the fashion process. Focus must be continually directed<br />

forward, always looking for what will be in the future. <strong>Forecasting</strong> future<br />

trends is a complex process that involves a fusion of skills, some that are<br />

objective and scientific and others that are more subjective and artistic. The<br />

ideal method of fashion forecasting should include a mixture of methodical<br />

and creative means. Sourcing and data collection, analysis of data, and<br />

interpretation of facts are scientific methods. Awareness, observation, intuition,<br />

and memory are considered more artistic approaches.<br />

When developing a fashion forecast, one must understand the difference<br />

between a trend report and a fashion forecast. A trend report is an<br />

account describing in detail something that already exists or has happened.<br />

Trend reports are often written based on observations from runway collections,<br />

red carpet events, or street fashions. For instance, a recent trend<br />

Chapter One : Introduction <strong>to</strong> <strong>Fashion</strong> <strong>Forecasting</strong><br />

7

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