Fashion merchandisers are responsible for understanding and predicting fashion trends, as well as identifying and targeting specific consumer groups.

The fashion cycle refers to the recurring pattern of fashion trends, where styles and trends emerge, gain popularity, and eventually decline.

Product development is the process of designing and creating fashion products, which is typically handled by fashion designers and manufacturers, not merchandisers.

Assortment planning involves selecting and organizing a range of products that cater to specific customer needs and preferences, with the aim of maximizing sales and profitability.

Visual merchandising is crucial in fashion retail as it helps create an inviting and engaging shopping environment, attracts customers, and effectively communicates brand identity and product offerings.

Dynamic pricing is a pricing strategy that involves adjusting prices based on real-time factors such as demand, competition, and market conditions. It is not commonly used in fashion merchandising, where prices are typically set in advance for each season or collection.

Fashion forecasting involves gathering and analyzing data to predict upcoming trends, consumer preferences, and market conditions, which helps merchandisers make informed decisions about product selection, assortment planning, and marketing strategies.

While celebrity endorsements can influence fashion trends, they are not a key factor that drives the overall direction of fashion. Cultural and societal changes, economic conditions, and technological advancements have a more significant impact on shaping fashion trends.

Effective inventory management is crucial in fashion merchandising to prevent stockouts, reduce the risk of obsolescence, optimize storage space, and control costs associated with holding inventory.

Online stores are not a type of physical retail store, but rather a platform for selling fashion products through the internet.

Markdown pricing is a strategy used to reduce the price of products to clear out excess inventory, typically towards the end of a season or when making way for new collections.

Customer satisfaction rating is not a KPI specifically used in fashion merchandising. Common KPIs include sales volume, gross profit margin, inventory turnover rate, and stock-to-sales ratio.

Fashion shows serve multiple purposes, including showcasing new collections, generating publicity, and influencing fashion trends and consumer preferences.

Fashion weeks are not a type of fashion merchandising event. They are industry events where designers showcase their latest collections to buyers, media, and the general public.

Sustainability has become increasingly important in fashion merchandising due to growing consumer demand for eco-friendly products, regulatory pressures, and the need to address the environmental impact of the fashion industry.