Business plan. | Page 18

KEY DRIVERS Rise in Social Media and Bloggers There are many social media platforms today, but some are better know than others. These include platforms such as Facebook, Instagram, Twitter and YouTube (Milanovic, 2015). Instagram is especially being used to promote a healthier life style. There has been an increase in the amount of fitspo accounts on social media. Fitspo is short for fitspiration; this is an online community of bloggers and social media accounts. The accounts are designed to post inspirational photos to encourage others to live a healthier lifestyle. Higher demand for stylish sportswear Recently, there has been a significant increase of interest for sportswear, especially in the women’s active wear market, and specific companies are benefiting from this (Passport, 2015). Specialised brands like Lorna Jane have become desirable to the consumer with high price points and standing out from any other competitors with bright and individual pieces, as well as being worn and advertised by bloggers and social media accounts. Fashion and sports are beginning to merge together, which is making the market become more and more saturated (Passport, 2015) Increased desire for women to be healthier Todays young women are becoming more in dependent and starting to realise that they want to start looking after their bodies and thinking about what they are eating (Euromonitor, 2015). More and more women are starting to take up exercising. Social media and celebrities are inspiring this as well as how the individual feels and looks (Euromonitor, 2015). Following on from these two combinations, the women of the UK are starting to act upon what they see on social media, and use these as inspiration to fulfil the aspiration to look and feel like the women they follow. 18 19