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Follow on Google News | OPR Becomes Exclusive U.S. Distributor for Viewpoint MagazineViewpoint Magazine is a great visionary type publication for all industries, including but not limited to fashion.
“Is the consumer being fundamentally changed by the financial crisis?” This is one of the many social and cultural areas explored in the current issue. How the consumer views themselves and their public and private persona through social media, employment status and cultural conscience will affect buying behavior. “The widening gulf between rich and poor and increasing uncertainty about job security are leading to greater general empathy with the plight of the impoverished and unemployed.” Manufacturers, inventors, innovators and marketers will develop and present products, services and lifestyle choices based on the new “Hourglass” “Bargain hunting used to be niche; now it’s going mainstream, with consumers keen to find discounts and even top-end retailers comfortable with offering them.” Rich or poor, we are all impacted by social media and a multitude of computer and smartphone screens that are everywhere and affect how we shop, think, interact and how we socialize and behave. People will be looking to rekindle personal relationships rather than acquaintance/ “Brands that reflect this empathetic social mood by using their resources to do good are reaping benefits in the form of increased consumer approval.” As a result many new business start-ups are creating a synergy between their financial success and simultaneously doing good and giving something back to society as they grow rather than the old model of succeeding first and giving back later. Furthermore, to succeed, companies will need to have a handle on what events and social influences impact the psychology of the consumer. “The ability to establish what consumers genuinely need and want offers companies a major advantage and socionomics’ “Competing brands increasingly resemble each other in their products, design and image, at the cost of the originality and distinction that consumers crave.” Brands will have to determine how to distinguish themselves from competitors. A copycat mentality as a means to capture market share will no longer suffice for brands to succeed. Consumers will be captured by those brands that stay in front of the trends and offer innovative products or services and are the first in their market to do so. Viewpoint is a cultural trend magazine with a global perspective. Purchase it here: http://www.fashion- End
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