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Cabela’s 2012 Strategic Marketing Plan
Johnson Lee
Integrated Marketing Strategy
Table of Contents
Executive Summary 3
Situation Analysis 3 The Internal Environment 3 The Customer Environment 7 The External Environment 9
SWOT Analysis 12 Developing Competitive Advantages 12 Developing a Strategic Focus 13
Marketing Goals and Objectives 13
Marketing Strategy 13 Primary and Secondary Target Markets 13 Product Strategy 14 Pricing Strategy and Distribution/Supply Chain Strategy 14 Promotion Strategy 15
Marketing Implementation 16 Structural Issues 16 Tactical Marketing Activities 16
Evaluation and Control 16
Executive Summary Cabela’s,
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Cabela’s will also be tasked with setting up vendor relationships to implement new product lines. The company will need to investigate new advertising mediums and find the most cost-effective means to reach a new, younger target market.
Situation Analysis The Internal Environment. Cabela’s is positioned as the “World’s Foremost Outfitter” of outdoors products, specifically hunting, fishing, and camping gear. The company’s multi-channel retail model reaches customers through catalog, Internet, and destination retail stores, allowing the company to effectively offer customers its approximately 225,000 SKUs. Cabela’s maximizes its direct business using catalogs and the Internet to increase brand awareness and to generate orders (Cabela’s, 2011). Specific marketing goals and objectives are as follows: 1. Increase revenue by 16% in 2012 through retail expansion; following increases in revenue of 15%, 16%, and 14% in 2009, 2010, and 2011, respectively (Please see Appendix A). 2. Improve retail store profitability by 15% in 2012 through increased retail store traffic. 3. Increase Cabela’s market share by two percent in 2012 in the outdoor recreation industry, widening the gap between Cabela’s and top competitors (Please see Appendix B).
Cabela’s is working toward achieving these goals and objectives by adding three new retail
Improve market share or customer base to 35% within 1.5 years: The higher market share allows the company to receive better price from suppliers and get better image from customer perspective.
Today, Bass Pro Shops is a multi-billion dollar enterprise that specializes in sporting and hunting equipment. The company's current position is a far cry from its modest beginnings in 1971 when the company's founder, Johnny Morris began selling fishing lures on just two shelves in his father's liquor store. With fifty-two retail outlets as well as a number of Outdoor World superstores in the United States and Canada, a user-friendly Web site and extensive mail catalog sales, Bass Pro Shops has become a leading sporting and hunting goods in North America today. To determine how the company achieved this impressive growth, this paper provides an analysis of Bass Pro Shop's corporate strategy using Ansoff's Growth Strategies and Porter's generic strategies for growth, the company's market segmentation and marketing mix. Finally, an assessment of appropriate Bass Pro Shop's marketing metrics is followed by a summary of the research and important findings in the conclusion.
1. The first issue before all others is to clarify what is meant by 12-15% organic growth is that revenues or profits? That's rather important to know.
Working in the Asset Protection field at Cabela’s for the past two years I have been trained on emergency responses and the process that we have to follow. In this paper I am going to talk about three emergency responses, tornado in the area, winter storm, and a missing child. Each of these responses are very important and can always have an effect on the not only on the store but the company. Cabela’s has invested a lot of time and research in coming up with the best plan of action
The business plans to increase brand awareness and customer loyalty through their grass roots marketing efforts, social media, planned store expansion and new product technologies.
To further drive growth of market share, Cabela’s is focused on: increasing customer loyalty, growth
Creating various communication channels, that will enable multiple products to ship at once thereby decreasing costs.
growth strategy has three elements. First, the Company attempts to increase sales by expanding its customer base and by increasing sales to existing customers through improved product offerings. Second, the Company seeks to generate additional sales by targeted mailings of special issues of its catalogs and by offering its products through its web site. Third, the Company is pursuing additional opportunities to expand its merchandising skills internationally.
This growth was due to the addition of new 5-year contract for one of our customers; (The Houston International airport). This account generated sales that drove revenue to increase roughly 25% MoM.
Expand the customer base through expansion into other geographic areas to retain a sufficient level
The company has experienced steady growth since its inception in 1950 the company faced intense competition in the 1990's, the effect of which it sought to offset by tailoring its merchandise to suit customer’s preference at each store location, stepping up its advertising program, remodeling some stores and expanding others and broadening the scope of its product lines too include gourmet food and gift ware.
Davidson decided to use a direct sales approach in which CCC will engage with its customers by directly marketing and selling to them. Using a direct approach rather than a business to customer approach is more realistic for CCC. With a business to customer approach, the company will retain all ownership of its products. CCC would be responsible for distributing, servicing, and collecting payments for the canoes that they sell. A business-to-customer approach would be too costly.
2. Create a promotional calendar to drive increased sales revenue during off-peak seasons by marketing to high-income zip codes to recruit more customers.
Cabela’s inventory relative to the overall percentage change in sales saw steady increases of 22% and 25% in 2006 and 2007. They