HAUTE COUTURE
-Take up to 700 hours to make with 20 people working on them at one time
-Made to measure by hand using rare fabrics and pricess embellishments
-Must adhere to the requirements of the French Ministry of Industry
-Make very little profit
-Started around 1850 with Charles Frederick Worth creating the first fashion house
-Starting price around £16,000+
-Christian Dior, Chanel, Givency, Jean-Paul Gautier
-Target audience mainly Russia, China and Middle East
LUXURY
-Priced to feel a part of an 'elite market'
-Brands owned by LVMH, Kering and Richemont
-Varied entry level price
-Came about late 19th century
-Louis Vuitton, Hermes, Gucci, Prada, Burberry
-Aimed at the higher class that earns £100,000+ per year with 76% aged between 35-54
-China largest consumer
DIFFUSION
-Low budget line made by the luxury brand
-Entry price usually around 30% less than catwalk prices and are around £40 to £400
-Aimed at a new, younger market who might one day be able to afford the high end (more press, more money)
-Brands controlled by professional body, the fashion houses decide the prices
BRIDGE
-Entry price point around £50+
-Jigsaw, Guess, Reiss, Cos, Heritage, Ted Baker
-Used to bridge the gap between expensive and moderate price points in clothing
-Came about in 70's due to gap in the market
-Aimed at middle class of mainly women ages 30+ (sophisticated fashion with disposable income)
THE HIGHSTREET
-Women needed somewhere safe and easy to shop so the department store concept was formed (Debenhams, House of Fraser etc)
-Entry price is around £10+
-Oasis, Warehouse, Gap, White Stuff, New Look, Debenhams, Zara
-Groups include Aurora, Inditex, Arcadia, Gap Inc and H&M
ECONOMY
-F&F at Tesco, Topshop, Primark, Uniqlo, Next, George at Asda, Bershka
-Aimed at shoppers who want garments on trend at affordable prices
-Clothing for everyone
-Owned by Inditex, H&M, Arcadia
-Prices start at £2+
-Can be seen as unethical, viewed as disposable fashion and easily replaced each season