How to Excel in the Fashion Industry

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1 University of Rhode Island Senior Honors Projects Honors Program at the University of Rhode Island 2011 How to Excel in the Fashion Industry Elizabeth Weaver Creative Commons License This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License. Follow this and additional works at: Part of the Business Commons, Economics Commons, and the Other Arts and Humanities Commons Recommended Citation Weaver, Elizabeth, "How to Excel in the Fashion Industry" (2011). Senior Honors Projects. Paper This Article is brought to you for free and open access by the Honors Program at the University of Rhode Island at It has been accepted for inclusion in Senior Honors Projects by an authorized administrator of For more information, please contact

2 How to Excel in the Fashion Industry Elizabeth Weaver May 5, 2011 Faculty Sponsor: Claire Lacoste Kapstein, Textiles, Merchandising & Design Co-Sponsor: Art Mead, Economics

3 Objective Identify the use of data analysis software and Microsoft Excel in the fashion industry Master the Excel skills Present findings to the Textiles, Merchandising & Design department at URI

4 The Process IRB Application & Approval Surveys Fashion Students TMD Alumni Industry Professionals Excel Training Curriculum/Course Comparisons Presentation of Results to the TMD Department

5 Why How to Excel in the Fashion TMD & Economics Industry? Internship experience Production Intern at Coach Extensive use of excel and data analysis Not covered in TMD curriculum

6 IRB Application & Approval Required for all research involving human subjects IRBNet Exempt Review (Approval # ) CITI Abstract Script Survey

7 Survey: Fashion Students 30 Students LIM, FIT, Parsons, Drexel, Philadelphia University, University of Delaware, Syracuse University, Marist and URI Distributed via Survey Monkey

8 Where have you obtained your knowledge of Microsoft Excel and data analysis programs? Self Taught

9 What Microsoft Excel and data analysis training skills did you learn in your training that prepares you for its use in the fashion industry?

10 Survey: TMD Alumni 22 TMD and TM Alumni from Survey Monkey Distributed via LinkedIn

11 What do TMD Alumni think? Microsoft Excel is a highly important skill to have, especially if pursuing a career in the merchandising aspect of the fashion industry. TM Graduate 2009 Excel is used in almost all daily work tasks. Having a strong knowledge in excel and all its capabilities will work as a huge advantage for you as a merchandiser or buyer. TMD Graduate 2010 Excel tips and tricks need to be stressed in the curriculum. It is a major requirement to be excel savvy for any fashion career. TMD Graduate 2006

12 Survey: TMD Alumni Do you feel the TMD department prepared you for the use of Microsoft Excel and data analysis in your career? 100% of Alumni surveyed answered NO Do you feel it would be beneficial for the URI TMD department to incorporate Microsoft Excel and data analysis programs into a course? 100% of Alumni surveyed answered YES

13 Where have you obtained your knowledge of Microsoft Excel and data analysis programs?

14 What Microsoft Excel skills do you use regularly in your position?

15 Disconnect?

16 Survey: Industry Professionals 15 Professionals working in the fashion industry: Ralph Lauren Coach Tommy Hilfiger Urban Outfitters Survey Monkey

17 On a scale of 1-10 (1 being the worst and 10 being the best) how prepared do you find recent college graduates/new hires to be in Microsoft Excel and data analysis programs?

18 What excel skills do you suggest that students learn and master before they begin their career in the fashion industry?

19 Excel & Data Analysis Training Based on the results of the surveys, I completed extensive training in the following: Formulas (IF, SumIF, Vlookup, Count, CountA) Pivot Tables Macros

20 Excel & Data Analysis Training

21 Excel & Data Analysis Training

22 URI TMD Courses Current TMD Courses incorporating the topic: Fashion Merchandise Buying Retail math class Basic excel skills Computer-Aided Textile and Apparel Design Incorporates new technology Strictly design

23 Drexel University The Competitors Concentration in Merchandising Technologies Merchandising through Technologies, Merchandising & Management Technologies Visual Retailing Software University of Delaware Merchandise Planning, Assortment Planning & Buying Studio Arthur Planning Software

24 LIM College The Competitors Spreadsheet Applications Fashion Institute of Technology Fashion Inventory Management, Financial Assortment & Planning, Fashion Planning & Allocation Arthur Planning Software Parsons, The New School for Design Retail Buying, Retail Planning

25 How can TMD students Excel in the Fashion Industry? Fashion industry technology must be incorporated into TMD courses Two fashion technology courses

26 Fashion Technology Courses Fashion Technology: Design and Visual Merchandising Computer Aided Design Visual Retailing Fashion Technology: Buying, Merchandising and Development Microsoft Excel SAP for Retail PLM Arthur Planning Software

27 How to Excel in the Fashion Industry Excel, Data Analysis & New Technology Essential for successful careers in the fashion industry Fashion Technology Courses Competitive advantage for the TMD Department and students

28 Questions?

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