FM 114 Study Guide - Midterm Guide: Candela, Hip Hop, North American Free Trade Agreement

• School: FIT
• Department: Fashion Business Management
• Course: FM 114
• Professor: Suzanne Piazza

Document Summary

Midterm fm 114 review for less, sell is for less. Traditional department store nordstrom, jc penney, macys, bloomingdales. follower exist), decline, obsolesces. Fashion cycle introduction (innovator), rise (cid:523)macy"s(cid:524), culmination (fashion. Off price retailers ross, tj maxx, century 21, marshall"s, home goods. Warehouse club cost co, bjs, sam"s club (cid:523)owned by wal-mart). Outlets )tem didn"t sell at regular season, and send it to the outlet. Higher mark-up, exclusivity lots of traffic, they have outlets buyer. Full line store carry soft goods and hard goods. Discretionary income money after taxes and primary expenses, left over money. Free lances: they work for several different companies. Merger and acquisition one company and another. Converter they buy unfinished textiles, they contract with outside firm for finishing, and selling agents for finished goods. Difference between fiber: the smallest part of fabric is fiber. Microfiber two to three times smaller than a human hair. Luxury fiber cashmere, camel hair coats, alpaca, supima cotton.