Fabric is a product which is made of different types of fibers ( yarns or threads). These fibers are converted into fabric with the process of knitting or weaving. The fibers used to make fabric are natural, man-made made and regenerated.
In last discussion about "Retail Mix", we introduced to 6P's or elements of it. Now, here we will learn about all of these 6P's or elements of "Retail Mix". The detail discussion about elements of retail mix is as follows::- 1- Product::- Product is one of the most important element of retail mix. Retailer needs to identifying and full fill customer's needs. Retailers must be focused about the quality of product as per the customer's expectations and requirements. 2- Place::- Place means right location where customer can access the product. The availability of product must be at the place of customer's need. 3- Promotion::- Promotion tool is used by retailers in order to advertise their products in market to customers. The promotion can be done by various method i.e. direct marketing, newspaper advertisement, leaflets and etc. 4- Price::- Price is also plays an important role in retail mix. Price decided by the retailer must be affordable by
Sneakers, once purely functional footwear, have transformed into a global cultural phenomenon. With roots in sports, sneakers now bridge fashion, athletics, and streetwear. Brands like Nike, Adidas, and Puma dominate the market, constantly innovating with technology and collaborations. Sneaker culture fosters community, driving collectors and enthusiasts worldwide. Limited editions and collaborations fuel resale markets, commanding staggering prices. Sustainability initiatives are also gaining momentum as the industry grapples with environmental concerns. The sneaker industry's evolution mirrors shifts in fashion, technology, and societal trends, solidifying its place as an ever-evolving, influential force in global culture."
Dead Inventory is also known as dead stock. The term Dead Inventory used for those merchandise which is not sold out. Sometimes, reason for Dead Inventory is outdated or seasonal merchandise. None of retailer want any type of dead inventory. Retailers can get rid of dead inventory through sales or donations. But the best way to not have dead inventory is that analyze your market to launch and keep right inventory with you as per demand in market.
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