July 28, 2016
Designer labels. Store window displays. Trendy textiles. They drive the business of fashion, which is a critical driver of the U.S. economy - more so than many think. What appears to be art has a lot of science behind it. That's fashion merchandising. What is fashion merchandising exactly? It's a dynamic field that requires skilled managers to showcase the latest products and trends to an increasingly fashion-conscious buying public. An BS in Fashion Merchandising Management can help you gain a firm grasp on fashion marketing, business strategy, merchandising and more.
Compensation analysis site Payscale.com describes fashion merchandising as the buying, selling and marketing of the fashion industry, as opposed to areas of creation and design.
Some of the responsibilities that fall under the umbrella of fashion merchandising include:
As a fashion merchandising professional, you'll combine your love of apparel with a business-oriented mindset to help brands gain exposure and increase revenue. The diverse nature of this fields means that your workplace could be a traditional office, a retail store, a label's corporate headquarters, a trade show - or all of the above. You could be meeting with designers to discuss upcoming collections one day, then visiting a textile supplier for a quality check the next day. This fascinating area of study allows you to explore any aspect of the fashion industry's exciting business sector.
Simply put, fashion merchandising is one part art, one part business or, as one source puts it, an eye for style meets a head for business. This dynamic combination makes every day on the job different than the last. Here's why:
Fashion merchandising is a critical building block of a brand. Forbes discusses the increasing importance of branding and consumers' increased expectations of products and services. Brands will need to work hard to differentiate and stand for something meaningful, emotional and important to consumers.
What is fashion merchandising's role in establishing brand differentiators? Fashion merchandisers are responsible for how a brand is presented to the public - in stores and online. Online is new terrain for the fashion merchandiser. According the Forbes article, the consumer will use five or more online sources to facilitate one actual purchase decision, reducing reliance on traditional brick-and-mortar retail stores. A solid fashion merchandising degree program explores branding from all these angles.
Shaundreka Hearne decided to pursue an online BS in Fashion Merchandising Management program because she was enthusiastic about getting her own idea branded properly and off the ground. Hearne said her degree gave her the confidence she needed to launch her brand and get noticed. The coursework in business law was most helpful to Hearne, who said, "It alleviated a lot of fear. As a startup, so many things can be confusing and to have the proper knowledge ... is comforting."
According to a report from the U.S. Congress Joint Economic Committee, fashion has always been a major investment for Americans. Fashion is also an international field with a global value of $1.2 trillion. In the U.S., $250 billion is spent on fashion annually, and the field employs over 2 million professionals, according to the report.
Not only are fashion-related careers pervasive in the U.S., they also provide a comfortable living. The report from the Joint Economic Committee noted that the apparel manufacturing sector employs nearly 144,00 people across the country, in various roles.
A natural career path for many with a degree in fashion merchandising management is the retail sector, which is the largest employer of fashion professionals in the country nearly 1.5 million people in the U.S. lend their talents to this field. While you might associate the term "retail" with entry-level sales associate positions, this industry is host to many higher-paying positions. The report pointed to buying and purchasing agents, who earn average annual salaries of nearly $57,000, as well as marketing and sales managers, who make around $87,000 per year.
What is fashion merchandising for the student pursuing formal training in a degree program? It can be a ticket into a rewarding job and an extra edge when competing for a job.
By choosing an associate-level degree, like an AS in Fashion Merchandising, you can combine your passion for trend watching and style with a business-focused education that will be an asset in many fashion-related industries. An associate of science degree focuses on the application of retailing and fashion merchandising theory and can include courses in design and color theory, textiles, retailing and marketing.
With an AS degree, you'll be prepared for entry-level careers in buying, visual merchandising, sales and vendor relations in a retail or wholesale setting. Graduates of the program are able to:
The associate in fashion merchandising degree online is exactly what Kerry Fegan needed to jump-start her career. "After working at Macy's part time for some extra holiday money, I knew that I really liked retail. ... Not so much the selling, but the planning, merchandising and marketing aspects," Fegan said.
What began as a temporary, seasonal position soon became permanent and full-time. This was invaluable on-the-job training but she knew that if she wanted to continue to rise within the company, she'd need to further her education. Her boss suggested a fashion merchandising degree from an accredited college.
A bachelor's degree is another smart way to launch your fashion-merchandising career and is a necessary asset when applying for certain jobs. A BS in Fashion Merchandising Management is designed to train the eye of those who aspire to sell style to a fashion-conscious public.
You'll develop a timeless sense of style and gain a firm grasp of business strategy. You'll study fashion marketing, color and textile theory, consumer behavior and retail operations, planning and management. You'll also learn how to identify what styles will sell and how to present visual cues that prompt consumers to engage and buy.
What is fashion merchandising on a day-to-day basis? With an AS or BS degree in hand, you can expect to qualify for most management-level jobs in the retail industry. The more advanced your degree, the greater the probability that you'll advance quickly or enter an organization at a higher level.
Here are some commonly held job titles for graduates from fashion merchandising colleges and programs:
Fashion merchandising can be found in every corner of the world - from fashion capitals like New York and Milan to local boutiques and today's online pop-up shops. As such, the demand for professionals with associate and bachelor's degrees in fashion merchandising is rising. Data from the U.S. Bureau of Labor Statistics says that people who work in retail careers can expect job growth of about 10 percent through 2022.* However, those numbers relate to the retail industry at large, not just people in fashion merchandising jobs.
Those with fashion merchandising degrees are well positioned to pursue any number of paths - as buyers, visual merchandisers, sales representatives, vendor relations specialists, store and product planners and sales managers - for a spectrum of name-brand companies.
Susan Bogle is a marketing and student recruitment specialist in higher education. Follow her on Twitter @Suze1776 or connect on LinkedIn.
*Job market data from the U.S. Bureau of Labor Statistics Occupational Outlook Handbook is intended to provide insight on occupational opportunities and is not to be construed as a guarantee of salary or job title. SNHU cannot guarantee employment.
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