Use the standard MKT-AFMR-11 to evaluate and explain the effects of promotion in the fashion/retail industry by developing visual merchandising presentations and promotional plans.
Understanding Visual Merchandising (00:00 - 01:20)
Exploration of visual merchandising as the 'silent salesperson' that uses storytelling to create emotional connections with customers.
The importance of stopping foot traffic through window displays and creating a lifestyle image.
Promotional Plans and Strategy (01:20 - 02:30)
Discussion on how promotional plans coordinate various marketing channels like social media and in-store events.
Key objectives explained: brand awareness, inventory turnover, and sales growth.
Techniques for Effective Presentations (02:30 - 03:20)
Core principles for students including focal points, color theory, and the 'Rule of Three' in product grouping.
Explanation of how lighting and color influence consumer psychology.
Modern Retail and Digital Merchandising (03:20 - 04:00)
Adapting traditional merchandising concepts to the digital space through website layout and app navigation.
Final summary of the systematic approach required by standard MKT-AFMR-11 to influence consumer behavior.