A minor point to ponder is the bracket in which the age group
of "21-25 years" and "35 and above" falls into. The younger
age group is basically in the transition stage where the consumer is still
trying to find out his identity and his niche. So this group goes through a
transition phase experimenting with various styles and trends. His friends and
family play an important part in the formation of his identity. On the other
hand the older group has already achieved his niche areas and identities as a
result he becomes the so called "Loyal customer".
Going by the fashion terminologies, generally the consumers
are broadly divided into three groups: the fashion leaders, the fashion
followers and the laggards. Those who adopt a fashion statement way ahead of
others would be in the category of fashion leaders, chiefly comprising of the
celebrities. Fashion followers are the people who are wary of taking any kind
of risks, so they first let the leaders adopt fashion trends and once that trend
is acceptable and digestible, they adopt it. We can say, the fashion followers
only tread in tested waters. Coming to the fashion laggards, this segment would
adopt a trend way behind others, once formally it is no more a fashion
statement and is on its path to decline.
These three groups are present among both the ATBAGs and The
YABIGs. Both of them have their share of leaders, followers and the laggards.
The marketing professionals and the sales team would definitely give importance
to the leaders and to some extent the followers. But even the laggards cannot
be ignored; after all they also contribute some amount to the sales figures.
Consumers from all walks of life are part of this fashion business, whether
they themselves believe it or not. A person might think himself to be aloof
from the fashion game, but in actual he is very much present there. The entire
society falls into at least one of the three segments. Once a person is sure
about his segment, the choices for him become much clear, as straght away he
can start his buying and purchasing from stores that fulfill his kind of
requirements.
The bottom line is that everyone of us is part of this game
called "Fashion". The key is to identify your role, understand the
rules , and play your part the right way.It is sure the path to success as far
is the appearance is concerned.
About the Author
The author
is Faculty in Retail Department in Footwear Design & Development Institute
(FDDI), Noida