Somebody at Target has a great view into the future.
Thakoon Panichgul is Michelle Obama's favorite designer and Thakoon Panichgul will launch Target's Go International spring special collaboration on Christmas Day.
The line of pret-a-porter will be in Target's sweet spot of pricing, ranging from $20 to $70 and will focus on spring. I think I see alot of Target gift cards on women's wish lists. (Photos from Thakoon's NY Fashion Week)
Implications - Consumers relish in having immediate and affordable access to today's popular products. Businesses that are able to offer consumers items at low-costs will see large returns in today's consumption-driven society. Consumers will likely invest in the companies able to offer the widest range of sought-after products.
Global Retail Fashion
Thakoon Panichgul for Target Go International
Trend Themes
1. Affordable Fashion - Lower-cost fashion products are in high demand as consumers seek immediate and affordable access to popular items.
2. Collaborative Fashion - Partnerships between high-end designers and mass retailers create unique and accessible fashion collections for consumers.
3. Seasonal Fashion - Fashion lines that focus on specific seasons capitalize on consumer preferences and drive sales during targeted periods.
Industry Implications
1. Retail - Retailers that offer affordable and trendy fashion items can attract a wide range of consumers.
2. Fashion Design - Designers and brands that collaborate with mass retailers can expand their customer base and increase brand recognition.
3. E-commerce - Online retail platforms that offer a wide selection of sought-after and affordable fashion products have the potential to gain a large customer following.