FASH 241 Chapter Notes - Chapter 17: Sweatshop, American Apparel & Footwear Association, Protectionism
26 Mar 2017
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Document Summary
Means of importing for retailers and manufacturers. Role of offshore production in product development. International balance of trade and its effects on the fashion industry. International trading laws and agreements between the united. Retailers are the primary importers of foreign goods in the fashion industry. Retailers like imports for: uniqueness, quality, cost, variety. Buyers like and need to travel to foreign fashion markets so they can observe new trends firsthand and buy foods suited for their customers. Timely delivery is a major problem with imported goods. Commissionaires- foreign buying offices (do not purchase unless they are authorized to do so) Specification buying- type of purchasing that is done to the store"s rather than the manufacturer"s standards. When the dollar weakened, foreign countries only increased their exports to the us. Trade deficit- difference between the value of goods that a country imports exceeds the values of exports.
