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Fashion Product Lifecycle

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Maturity

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This stage is marked by a slowdown in sales growth as the product saturates the market. Key activities include advertising to reinforce brand, offering promotions, and considering product modifications.

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Expansion

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Here, the brand seeks to expand its reach by entering new markets or customer segments. Key activities include market analysis, strategic partnerships, and new marketing campaigns.

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Revival

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In some cases, older fashion trends become popular again. Key activities include assessing market demand, re-introducing products with a modern twist, and targeted nostalgic marketing.

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Obsolescence

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This final stage indicates that the product is no longer desirable. Key activities focus on liquidation, recycling, or repurposing of the product and materials.

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Growth

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In this stage, the fashion product gains popularity and market share. Key activities involve market research, brand differentiation, and increasing distribution channels.

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Decline

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Sales and profit margins decrease during this stage. Key activities involve managing stock levels, discounting, and phasing out the product.

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Introduction

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This stage involves the launch of a new fashion product into the market. Key activities include advertising, promotions, and careful monitoring of distribution.

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Saturation

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Occurs when the product is fully integrated into the market and competition is highest. Key activities include competitive pricing strategies, product variations, and targeted marketing.

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Innovation

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In this phase, new designs and trends are introduced to refresh the brand and product offerings. Key activities include design development, trend analysis, and prototype testing.

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Reinvention

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In this stage, the fashion product or brand undergoes significant changes to stay relevant. Key activities include rebranding, product redesign, and exploring new channels.

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