FSN 123 Chapter Notes - Chapter 10: Private Label, Global Sourcing
10 Dec 2012
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Market: place where foods are produced and sold at wholesale prices to store buyers. Market center: city where fashion is produced and sold at wholesale prices. Mart: building that houses a wholesale market (an exhibition of fashions that are ready to be sold to retail stores) Market weeks: market centers and marts are filled with producers and designers, who exhibit new lines. Trade shows: periodic exhibits that are scheduled throughout the year in regional market centers and marts. Everything old is new again global sales. France"s most serious rival in the international fashion industry is italy. Started his career by selling men"s ties. Fashion industry = fifth largest employer in canada and gets larger every year. Global sourcing: process of shopping for and purchasing imported goods. Retailers are the primary importers of foreign goods in the fashion industry. Estimated that up to 7% of annual sales is counterfeit. Counterfeit products are also made in the americas.
