1. EXECUTIVE SUMMARY This report aims to develop an international marketing strategy to better evaluate the prospects of Charles and Keith International Private Limited. Charles and Keith is a fashion retail organisation that was founded in Singapore. The brand has over 350 stores worldwide, some of which may be found in Kuala Lumpur, Dubai and Tokyo - to name a few. This report also aims to provide solutions and ideas to target business environments in mainly, Hong Kong. This strategy seeks to generate a substantial increase in profits and sales. The highlights of this strategy are the sales revenue and the targeted gross margin. These are presented later in this plan using tables and charts, for the first 3 years of franchising its business …show more content…
The brothers believed that only through this revamp, could they have a distinct competitive advantage over its competitors. One of the key success factors during the brothers’ reinvention was coming to a decision to start designing their own shoes. With proper segregation of duties and a redefined scope of responsibilities, Keith was made in charge of designing the shoes while Charles managed sales (Ramlan, 2010). Aiming to increase their cost efficiency, the siblings imported materials from China instead of importing from expensive Singaporean wholesalers. This cost-efficiency initiative paid dividends and with the stretching of their dollar, Charles & Keith established itself with 12 outlets in major shopping centres and suburban malls in Singapore (Boon, 2013). Recognizing the potential of the increasing connected global markets, Charles & Keith began expanding its business overseas in 2000 and till date, has seen its business thrive both locally and in many of the overseas market where it enjoys a market presence. 3.3.2 Vision, Mission & Objectives Always believing in being the best and having been set up with a commitment towards quality, the brand introduced the following challenging but inspiring visions and
The women’s fashion range became a look that epitomised Australian style and Country Road quickly grew from a basic manufacturer and small time retailer, to a leader in Australian fashion retailing. In just 6 years, Steve Bennett secured distribution in retailing giant Myer Emporium and opened 10 retail stores. In 1981, the Myer Emporium purchased the company (Kerr & Sarina 2007).
The company offers a modern and cool lifestyle, coined by their motto “for successful living”.
Li & Fung is a long-standing Hong Kong based company that that has evolved from an export trading company to a coordinator of value-added services across the entire supply chain in a global, open manufacturing environment. They assess the clients’ product and delivery needs and orchestrate supply, manufacture and delivery in a very tailored and specialized way (Claremont Conversation Online, 2008). In the prevailing business environment, it has not been cost effective to trade with SMEs since production orders were below the factory minimums. Through the implementation of an internet portal, they have secured their position with the SME market while maintaining economies of scale.
“We are completely obsessed with our customer! We know her well and listen to everything she has to say. We always give her what she wants and surprise her with more than she expected. We never stop thinking about her, selecting only relevant fashion that she can afford. And we never take for granted that she considers our brand her destination
As the company continues to evolve, it still stays true to its attractive qualities that have earned millions of loyal customers around the world. They have a commitment to quality. By only carrying 4000 stocked units in the warehouse, compared to 30,000 at your local super market, it can carefully choose its products. This insightful selection is based on quality, price, brand and features. Therefore, having the ability to offer the ultimate best value to its members.
After reading the case study for New Balance I see a brand with great potential. A brand that has staunch traditional values and customer satisfaction as its primary priority.
Target Corporation has recognized itself as one of the top retailers in the United States market on the basis of excellent service quality, customer experiences, operational excellence, strong financial position, and a wide array of product offerings. Through its high degree of service orientation at physical outlets and adoption of fair business practices, Target Corporation has become the most distinctive retailer in the eyes of its potential customers. Being one of the top-notch retailers in the United States, Target Corporation has to carefully strategize on its business operations and marketing tactics so as to keep itself in the row of competitive brands of the industry.
The brand seeks great opportunity to further develop the business, enhance product design as well as company’s brand image.
This project report aims to find out “ How to improve 759 market share in Hong Kong”, review the business strategies, state the opportunities and problems through the internal and external analysis, and recommend future strategies for improvements.
1. Brand awareness – being a newcomer in the market will create difficulty in gaining acknowledgement; however, I feel we have a terrific product and a solid business model that will eventually speak for itself.
Although their branding message was changing slightly during the time, they kept core values and traditions untouched. Comfort, uniqueness, quality and emotional impact – these were always the main associations with the brand. However, other features were being emphasized as time was going by.
Country Road has been an iconic Australian brand for 36 years, building its success on its high quality and unique designs that look effortlessly casual yet stylish. Following the high financial performances of their Australian stores, Country Road decided to embark into the United States of America (US) in 1989, in hope of realising the financial gains they saw here. Unfortunately, their strategies didn’t work, and they found obstacles which hindered their success in the US. This essay examines the types of strategies Country Road has pursued and what led Country Road to follow an international expansion strategy. Further, we discuss the impediments to Country Road succeeding in the US retail market, before suggesting strategy options for
Since its inception, the company has established itself as the premier purveyor of the world’s finest
The original formula for Red Bull was developed in 1964; however, the Red Bull company was not founded until 1984 after a merger between Dietrich Mateschitz, marketing guru, and Chaleo Yoovidhya, the owner of the Red Bull formula. Categorized as an energy drink, Red Bull was initially designed to “treat jet lag and boost energy for truck drivers” (Hollensen, 2012). In today's era, Red Bull is commonly used as an energy drink; like coffee, and as a mixer in alcoholic drinks, like Red Bull Wings and the Jägerbomb. This aligns with the company's focus on the younger generations of partygoers and post-secondary students.
The company’s brand recognition is visible globally. It also possesses strong capital resources and has exhibited positive results to its shareholders in the past.