Rationale – Research was conducted in order to find out about the likes and dislikes of all income groups customers about the varieties and colours of different types of suits to wear. Since WikRan apparels is new to the suit market they will have to research before introducing their brand into the market by carefully analysing and making smart decisions. Aim- Enter into the suits market by winning customers over other competitive brands, providing a good quality suit for all income groups, with reasonable prices. Objectives – Research will specify what colours, designs of suits they would like to wear., the price they are willing to pay for it, what occasion they would consider wearing the suits. Hypothesis –Analysing and testing whether their new line of suits would be a success in the market and is suitable …show more content…
we have to conduct primary research and start from scratch as it would provide with accurate and detailed information. To study the market and its potential questionnaires were issued. These questionnaires were issued in various places of Riyadh, of the 15 districts. More importantly we selected the weekends (Friday and Saturday) which would help us to get a further evaluation about the customer requirements. * WikRan Apparels has considered areas of information which are to be collected, such as suits market size, geographical limits, where the research was conducted, sampling methods, methods of collecting data such as primary and secondary. * Another essential part we have done in the research is finding information about competitors who exist in the market, the number of dealers and sales outlets found on a limited geographical area, which has helped us to consider and decide whether to do this project report and introduce the apparels to the luxury market or
For people who wants to buy clothing in Myer, they usually go shopping with friends or family, so they could get some suggestions from others. When people making decisions of buy new clothes, usually they have little knowledge of how the cloth will looks like on them, so they need to try them on, this process often take a long time. The influcences at the points of sales of these products will be whether customers like the style or not, the suggestions from friends, families and salesperson, and whether customers think the product worth the price (Rahman, Rahaman, Jensen, & Gällstedt 2008, p. 42-43).
This expansion demonstrates how the luxury industry is now run by massive corporations whose focus is only on growth, visibility, brand awareness, advertising, and most importantly, PROFITS! With growth and expansion, has come a decrease in quality and rarity. The luxury garments produced are mostly not handmade but are even outsourced to large factories in places such as China and Turkey. Also, to meet quarterly turnover projections, “designers churn(ed) out increasingly trendy collections of clothes, handbags, and shoes.” (Thomas, Pg. 246) With hundreds of new stores around the globe the surplus of designer labeled merchandise is immense hence, the proliferation of outlet malls.
Listed below are statements about shopping behavior for clothes and clothing fashions. Please check one box for each statement to indicate the extent to which you agree or disagree with each
II. Over the past few years, fast fashion has been an extremely hot segment and source to help some clothing companies increasing on their economic growth.
(Choose a garment, which can be used to discuss fashion from the point of view of the consumer. This garment must be able to demonstrate how the consumer individually constructs their identity and conveys that identity through the style and styling of clothing. You should treat this garment as an object as a form of evidence, which can help you to explain theories of fashion discussed in the sessions. The intention of your analysis is to examine the ways in which we can ‘read’ objects and images, understand their meanings and explain them in the context of broader theoretical and social concerns. You should aim to be as analytical as possible. You may want to use further
Next, following the framework, the company must evaluate whether the product will be successful. Researching the company’s competition as well as the average market share could give insight to whether certain styles of high-end children’s clothing would be successful in the current market. Also, researching potential threats to business will be useful in designing a product that, both, fills the needs of the customers and offers features that can be protected by either a patent or trade
It is essential to select a representative and accurate sample. The population of interest this study will be the adults in Australia who are over 18 years old. In other words, a consumer should own understandings of fashion and unfashion independently. Due to time limitation, 4 samples come from QUT blackboard sources.
Of the hundreds of named brand clothing that form part of the retail and fashion industry I chose to compare, for my analysis, Abercrombie & Fitch, Forever 21, American Eagle, and H&M. These stores are prominent, well-known for selling apparel, shoes, and accessories by the means of offering sales and promotions to their customers. This is a clever strategy for attracting customers, allowing them to believe that they bought goods at affordable, convenient prices – and not to mention the prestigious name prescribed to the clothing brands. Using keyhole.co as my main source, I obtained relevant and valuable information regarding the status of these brands. My intentions were to compare a period of 14 days, however, due to the limited access that I received from my free trial, the program only allowed me to see fewer of the dates than I anticipated. I want to take this opportunity and mention ahead of time that due to the various and distinctive products that are sold from these stores, when looking for the “spending capacity” I decided to focus on shirts/ jeans for men and women and compare the prices among them since each of these retailers carry those items and as a way to make this report easier to contrast and comprehend. Also, when approaching the section of “setting”, I screen-shotted some of the images on Instagram and made them into a collage to separate the type of clothes and trends that each of these brands sell currently. In the following modules
In order for us to enter the luxury fashion market, I have three suggestions that would not only improve the public perception of the brand but also increase our profit. Currently, Nunnavut Puffin is more well known for the functionality of the jackets, rather than for our values as luxury goods. Unlike Canada Goose and Moncler, which are perceived as luxury goods, rather than merely outwear, we have a smaller range of products, our price range is lower, and also we lack efficient marketing strategies. Because Canada Goose also started as an outdoor apparel company, we will be able to transition to a luxury outwear brand if we look closely at the history of Canada Goose and benchmark them.
Current HSM customers tend to prefer a knowledgeable salesperson to help pick out clothes made of quality fabric. The status of the brand is also an important distinction. The HSM customer tends to wear suits often to work and to client meetings, and often view a perfectly tailored high quality suit as necessary to present a professional image. Custom tailoring is also important to the “professionalism” image the HSM client demands. A suit that doesn’t fit perfectly is fairly obvious to even a lay-person let alone a business executive that demands a similar status from his/her clothes. As a result, it is important to an HSM client that their clothes fit perfectly for them. As a result, HSM suit pants come unfinished on the bottom due to the assumption of guaranteed custom tailoring with the purchase. Also, this type of customer might also be busy during the day and significantly value the convenience of personalized service and expertise, and be willing to pay a slightly higher price for that convenience.
‘style, branding, colour and fashionability’ of the clothing as a tool for the audience to
There Is a similar relation among the clothes. Several customers shop there based on the quality and prices as well as the features associated with the products. An advantage of the store is that it has a wide product mix and various offering in different categories and all these can be located at one place. This attracts a wide variety of customers. In line with their positioning of offering quality, trendy products, the brand is consistently updating its product line. The brand does not focus on innovation but rather on always leading trends. In relation to the product life cycle, clothing has a short life span from the first to last stage as tastes change easily. For this reason, it is important to constantly anticipate consumer tastes and preferences prior to launching a product so as to retain and possibly build customers loyalty. It is also necessary to develop a successful marketing strategy to display product offerings.
(2012) This leads me to question if fashion apparel is competing with industry’s sportswear markets by compromising the performance enhancing qualities for garments that are simply just aesthetically pleasing. (Morganosky, 1984) elaborates on this stating that consumers are willing to pay higher prices for apparel with a high aesthetic value regardless of the low functional value. Ko et al. (2012) agrees consumers’ value fashion and quality however argues they are not willing to pay a high price for something new and innovative. (Dickson & Pollack, 2000) add to this statement in relation to sports garments with female consumers regarding aesthetic aspects such as style and brand characteristics to be more essential than the functional aspects such as comfort and other physical performance-enhancing features. Similarly (Eckma et al., 1990) reports on the evaluation of purchase behaviour in women’s apparel. Style was chosen as more important in determining rejection or adoption of the garments. A visual criterion seems to have the greatest impact on selection of apparel such as fashion-ability or popularity, aesthetic appeal, and self-expression (Eckma et al., 1990). Although it seems there is a divide in opinion when it comes to retail pricing the majority of research studies seems to suggest there is a major emphasis on the aesthetic appearance.
The clothing industry in South Africa has always been an industry where there is intense rivalry between the companies. There are main companies in the industry namely Edgars, Woolworths Truworths, but there are smaller retail companies that enter the market that can satisfy the demand of the consumer’s better.
During the information search stage of their decision-making process, the consumer stated that they constantly looked at online shops and magazines to improve their personal understanding of fashion. It was noted that the consumer’s awareness set consisted of ten different brands. However, the size of her