Online shopping is the process consumers go through to purchase products on internet. Of course, having knowledge about finance, marketing, accounting, organization behavior, negotiations, and pretty much everything a fashion merchandising course would teach would be ideal, but we will just focus on what I believe are the most fundamental.
A few problems that shoppers potentially face include identity theft, faulty products, and the accumulation of spyware If users are required to put in their credit card information and billing/shipping address and the website is not secure, customer information can be accessible to anyone who knows how to obtain it. Most large online corporations are inventing new ways to make fraud more difficult.
Online shopping has, however, advanced greatly since those ‘dark ages.’ Today we find ourselves in an age where you can actually go shopping in one of those so called same day delivery online stores; where what you go shopping for online (if you are doing it from your office for instance), can actually get to your home before you do!
In the case of a fashion retail business, you will use your managerial accounting skills to budget your inventory purchases for the season, determine a product mix using historical data, examine how to improve conversion, and just about any other decision that can be made using numerical data.
Need Supply Co : Need Supply is one of the best true boutiques online (its brick and mortar is in Richmond, Virginia), offering a host of brands at a variety of price points, starting off with relatively affordable picks from brands like Black Crane , C/MEOCollective , Stelen , and Toit Volant Launched this past spring, the brand’s in-house line Need is a great bet for wear-everyday basics.