Fashion retailing, where and how to purchase

  We often discuss whether the source of any fashion product is a design lab and a sewing factory, or a market to meet consumers. The issue of debate is whether it is a push on the supply side or a pull on the demand side. In fact, accounts differ.   Of course, designers’ creative designs, production in sewing factories, and supply and shipment to the wholesale market are made according to the consumer needs or preferences, and their desires. Some of suppliers, however, act as a driving force to stimulate and induce fashion consumers’ preferences and willingness to buy.   In Dongdaemun market, many designers, entrepreneurial wholesalers, and many small and medium-sized sewing factories scattered in Gangbuk, Seoul, as well as shops of an innumerable number of textiles and various fashion parts, are focused mainly on supply- side management.   They make decisions together or separately. They are partners, but sometimes competitors. Business behavior between these partn...

  LPGA Korean golfer, Lee Mi-rim became a winner, nailing a birdie on the first playoff hole at the 2020 ANA Inspiration to beat Canadian Brooke Henderson and the USA’s Nelly Korda, all tied at -15. Lee shot a final-round 67, sparked by birdie chip-ins at 6 and 16, and an eagle chip at the final hole to jump to the top of the leaderboard.   “Lucky or not, she showed a lot of fortitude to stick with her game.” +   Mr. Steve Eubanks, Managing Editor for the LPGA, saw her victory and commented above.    Similar to these sports competitions, it is a widely accepted general view that business success is 80% skill and 20% luck. In response, Chief problem solver at Tov Furniture, Bruce Krinsky, argued that business success is 10% skill and 90% luck, and said. “You create your luck trough your work. If you do not do the work, you will miss opportunity.” ++   CEO of Sugar Bowl Bakery, Andrew Ly, also said “The harder you work, the luckier you get. There is not any o...