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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