In the world of business, especially in the retail field, new products are essential to a company's profit and growth. The term "New Product" has different meanings depending on your perception. In fact, there are six different types of "New Products" and they each have their own meaning.
Recently Uniqlo launched a modified version of their Cardigans for the summer. This product can be categorized under the "Improvements or Revisions of Existing Products." In conjunction to the release of this new product, Uniqlo teamed up with British designer, Lulu Guiness. A limited-edition line of Shirts for women with some of Lulu's most iconic images are now on sale in every Uniqlo store around the world. This product can be described as "Lower-Priced Products."
Uniqlo's new line of cardigans may look like any other regular cardigan. Just like Uniqlo's Heat Tech products, that keep you warm during the winter, these cardigans will keep you cool while also protecting your skin from the sun during this summer. A lot of science went into the process of creating this new cardigan. Made out of cotton and nylon this cardigan is enhanced with a special processing treatment that blocks out 90% of Ultraviolet rays. Described by Uniqlo in their Facebook page, this cardigan is set to be a "wearable sunscreen" piece of clothing. Different from other cardigans, these cardigans are soft, fine and lightweight which makes them- Perfect for the summer!
Lulu Guiness, a British fashion designer whose merchandise products are highly prized, is the latest person to collaborate with Uniqlo. Together, they have come up with a line of Tees that are $19.90 a piece. The finished product between these two parties can be defined as a "Lower Price Product." This is so because LuLu Guiness is a fashion designer, whose products do not go at such low prices.
In closure, A product may be modified, it can also be a high quality product and be sold at a low prize and still be consider a "new product."
Recently Uniqlo launched a modified version of their Cardigans for the summer. This product can be categorized under the "Improvements or Revisions of Existing Products." In conjunction to the release of this new product, Uniqlo teamed up with British designer, Lulu Guiness. A limited-edition line of Shirts for women with some of Lulu's most iconic images are now on sale in every Uniqlo store around the world. This product can be described as "Lower-Priced Products."
Uniqlo's new line of cardigans may look like any other regular cardigan. Just like Uniqlo's Heat Tech products, that keep you warm during the winter, these cardigans will keep you cool while also protecting your skin from the sun during this summer. A lot of science went into the process of creating this new cardigan. Made out of cotton and nylon this cardigan is enhanced with a special processing treatment that blocks out 90% of Ultraviolet rays. Described by Uniqlo in their Facebook page, this cardigan is set to be a "wearable sunscreen" piece of clothing. Different from other cardigans, these cardigans are soft, fine and lightweight which makes them- Perfect for the summer!
Lulu Guiness, a British fashion designer whose merchandise products are highly prized, is the latest person to collaborate with Uniqlo. Together, they have come up with a line of Tees that are $19.90 a piece. The finished product between these two parties can be defined as a "Lower Price Product." This is so because LuLu Guiness is a fashion designer, whose products do not go at such low prices.
In closure, A product may be modified, it can also be a high quality product and be sold at a low prize and still be consider a "new product."