So …..the Japanese domestic fashion market is currently valued $$$90,000,000,000$$$ and it is said among many japanese marketing professionals that it had the potential to grow to 120 billion at its peak, although it never did reach such value.
From reading up on articles and watching the news, it seems that factor that is inhibiting the japanese domestic fashion market to grow to its full potential is that there are many foreign brands being imported and people are buying into their marketing strategies.
In my personal opinion, the vast majority of the domestic brands offer higher quality products at a more reasonable price in comparison to foreign brands which are marketed very well but have low quality and are more pricy considering the quality of their products.
There are probably many ways to resolve this problem that the japanese fashion market. One of the most obvious and easy ways to achieve this is to copy the strategies that the major foreign fashion brands are utilizing such as Hollister who sells the image of youth and sex along with their products.
I am not in favor of this strategy since this would damage the high quality and unique design brand image of japanese apparel thus it would be a major market repositioning project for the entire industry. But…..the perception of a brand image may differ in different parts of the world thus this strategy may be worthwhile utilizing if the target market pool is likely be accepting and open about the repositioning.
In my opinion, the japanese fashion industry should look towards selling towards the rapidly emerging chinese consumer pool. Especially because the internet user pool in chinese is among the biggest in the world, e-commerce may be an effective way to penetrate into their market.