The Research Journal of the Costume Culture (복식문화연구)

The Costume Culture Association (복식문화학회)
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The commercial status of Myeongdong fashion and its development strategy for sustainable growth from the perspective of fashion business owners

패션 사업주의 관점에서 본 명동 패션 상권 현황 및 지속성장 발전방안

  • Yu, Ji-Hyun (Dept. of Clothing & Textiles, Sang Myung University, Korea) ;
  • Im, Sung-Kyung (Dept. of Clothing & Textiles, Sang Myung University, Korea)
  • Received : 2013.12.19
  • Accepted : 2014.02.20
  • Published : 2014.02.28
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Abstract

This study analyzed fashion businesses based on the 6P's, products, prices, place, promotion, people, and patron for business owners in the Myeongdong commercial fashion district. Furthermore, this study proposed plans that would activate the Myeongdong fashion district and continuously develop it as a global fashion city. A survey was conducted from August to September, 2012 for 249 fashion business owners in Myeongdong. Eventually, only 208 questionnaires were used for the analysis. The research results were as follows. First, domestic brands have the largest share in the market and sales of fashion accessories were higher than the sales of clothes. Second, the prices for those fashion items ranged from low to mid-price. Third, the opening of new shops keeps increasing, and the size of the shops falls between ten and twenty pyeong generally. 'Self-production' was the highest form of production compared to any other form, and regarding importation sites, importation from overseas was the highest. Fourth, regarding promotion types, the sales in shops was the most commonly used promotion method compared to television and magazine advertising, and personal selling. Fifth, the proportion of male proprietors was larger than that of female proprietors. Most employees had less than five years of sales experience. Sixth, the main customers were females in their 20s and the proportions of Korean and foreign customers was similar.

Keywords

References

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  1. Analysis of Properties of Fashion Trading Areas Using Network Analysis Technique vol.40, pp.2, 2016, https://doi.org/10.5850/JKSCT.2016.40.2.203