Fashion Pricing BY VANESSA LAWRENCE and

KATHY TRUONG SUMAYYAH ANSARI

High Demand in Fast Fashion

keep up with trends with low prices

leads to outsourcing

consumerism

High Demand in Fast Fashion

quality vs. quantity

sweatshops

outsourcing overseas

Outsourcing, Globalization, Offshoring

-trade deficit

-lessen domestic manufacture and trade

-rise in unemployment rate

-“Made in America”

Mindful Shopping Fewer, Better Pieces

Invest in quality

shopping with a conscious

brands promoting their ethical manufacturing and process

quality over quantity

A Closer Look at Target: The Data Breach that occurred during the Holiday Season

Data breach that affected 70 million of Target’s customers

Happened Nov. 27-Dec. 15

Known as the 2nd Largest breach among U.S. retailers

Hacker’s obtained data from debit and credit cards

Received users name, debit or credit card number, expiration date and CVV

Ways that Target is trying to mend the situation Conducting a thorough investigation through a

third party forensics team

Offering Free Credit Monitoring and Identity Theft Protection Includes: daily credit monitoring, identity theft

insurance, free credit report, and personal assistance

Customers will have zero liability from any fraudulent charges made during the security breach

Target’s Fourth Quarter Sales Declined from 2% to 6% by the end of the

quarter

Closing 8 different locations in May due to sales West Dundee, Ill. Las Vegas North Las Vegas Duluth, Ga. Memphis, Tenn. Orange Park, Fl. Middleton, Ohio Trotwood, Ohio

Target’s Future Plans Investing $5 Million in a Cyber Security Coalition

Will inform customers of cyber security and phishing scams

Continue to do a tremendous amount of work in the community

Target’s Philanthropy Corporate Responsibility is

committed to: Education The Environment Health and Well-Being Team Members Responsible Sourcing Safety and Preparedness Volunteerism

My Position Target deserves a second chance

Have issued statements and given plenty of resources

Created a response and resources page on their website Includes: answers to questions about the breach and

credit monitoring, personal message from the CEO, and access to all official documentation regarding the breach

$5 million investment in Cyber Security Coalition

Continues to give back to the community through their programs and donations

Cons of Fast Fashion

Consumers are wanting more fast fashion for cheaper prices i.e. Target

Fast fashion doesn’t last long

Even though fast fashion is cheap, these cheap purchases tend to add up

Should buy more expensive items because they last longer and will save you money in the long run

Outsourcing Analysis

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Why Outsourcing?

Fast Fashion

Profit Margins

Globalization

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A fashion for fast fashion

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Factoring in fast fashion

cost

trend

availability

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The Ever Loved Profit Margins

Outsourcing is ‘cost effective’

A Bangladeshi factory worker —> $38/month

Consequences of missing deadline

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Let’s Go Global

Interaction with global clients

Potential international customers

Information sharing

Farming communities get to industrialize

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The Bad and the Ugly

On April 24th, 2013 a factory in Bangladesh collapsed killing 1,129 and injuring more than 2,500 people.

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Humanitarian Appeal

Responsibility

Ethics

Lasting international relations

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