This paper circulates around the core theme of Answer - 12 option fashion range plan together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Element 1: A report
Context
By any measure the fashion industry is large and complex with different business models competing to capture consumer loyalty and their business. Fundamental to the relationship between consumer and fashion business is the research, creation, sourcing and delivery of a profitable and balanced fashion product offer that accurately reflects current trends, culture & the profile of the target consumers.
Your task
You will create a 12 option fashion range plan
Your individual report will be about the range plan supported with research and analysis.
- Reflect one of a choice of six retail brands: All Saints
- You can create a range for one of the following
-For women
-For men
-But not children (VAT differentials)
-A coordinated separates collection
-A product type collection
- Be ranged to 5 fictional city centre UK stores of the same size
-You do not need to specify stores
-The following presumptions will be made for the assessment and within the teaching approach
-Presume that all 5 stores are bricks and mortar stores
-Do not include online
-Presume 5 stores are the same physical and turnover size
-Presume all 5 stores are in UK city centre locations
- Have an eight-week lifecycle
-The lifecycle refers to the number of weeks that the range will be “prime”
-Prime refers to the range
- • Trading optimally
- • Without fragmentation of option or size
- • Is positioned in a primary location within store
- • Will be a focal point within the total range within store
- At the end of the eight week lifecycle new ranges will take over -The range will no longer be considered “prime”
-It will fragment and loose appeal
-Be moved to a secondary location within the store
-Possibly be marked down or removed from the shop floor until the end of season sale
- Achieve an average % intake margin of 65%
-Intake margin % measures the difference between the cost price paid to the supplier and the retail selling price charged to the customer
- • Intake margins % vary by
- • Business model, product type, fashionability country of origin, volume placed
- • For this assessment reflect differing intake margin % by fashionability
- • You will need to reflect this within the range plan and ensure that the average intake margin % of all options combined equals a minimum of 65%
- • Higher than 65% is even better!
- Identifies an open to buy budget (OTB) required to buy the range
- The range will be justified with a report explaining the research undertaken to create the range why it is appropriate for the chosen brand and its target customer
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What you do not need to do as part of a complete hand in
• Sketches, CAD designs or garment costings
• We are not asking you to design your proposed range
• Fabric swatches nor colour chips
• Colour descriptions only are acceptable
• Decide suppliers that would be used for the range beyond country of origin
• You do not need to source a factory to manufacture the range
• Describe the stores being ranged beyond noting that they are city centre locations
• You do not need to identify a specific set of stores for the range
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Structure of your report:
Your report should comprise the following sections:
Title page: state name, unit, report title, number of words, date submitted, unit leader.
An executive summary of the report
A table of contents with page numbers for each section of the report
A list of numbered figures, tables and charts
The report structure presented in numbered sections
A reference list using Harvard Referencing style
Appendices to include relevant primary and secondary research documentation
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The report by numbered sections
1500 word count - 10% tolerance
1. Introduction – To introduce your chosen trend and its relevance to the brand (Suggested word count 100 words)
2. A review of 4P analysis, SWOT, customer pen portrait, comp shop and other secondary or primary research to identify the key elements that a product range for this customer type should offer (Suggested word count 600 words)
3. A completed range plan document using the template provided on Moodle with a summary of its key elements (Suggested word count 200 words):
Key pieces, Fabrications used, Sourcing approach
4. A discursive review of an analysis of the completed range plan to highlight its relevance to the brand & customer (Suggested word count 600 words):
1)The tops to bottoms ratio
2)Intake margin %, Fashionability, average unit buy, price architecture, colour analysis
3)Presented via text, tables, figures and charts as appropriate
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Submission requirements:
Format: Individual, Harvard referenced, written report.
Word count: 1500 words (+/- 10% tolerance). The count includes all text from the first word to the last word of your report. The count does not include: executive summary, title page, table of contents, list of figures, tables and charts in the report, reference list and the appendices.
Referencing: your report must be written in an academic form and this includes using Harvard Referencing
