E Commerce And Social Media

This report has analysed Myer’s position in the Department Store industry, and identified the target demographic which should be targeted based on information found in the IBISWorld report. The 34+years old segment has shown signs of increased social media use as well as internet use. Moreover, a stark increase in mobile phone usage across the board has given Myer a need to change their current social media strategies as well as their other digital marketing techniques. Myer’s social media has been found to be poorly integrated, and each separate app is working on its own rather than cohesively which leaves some of their apps obsolete, while others thrive. Moreover, the rise in visual media and mobile phone internet usage is not being

We could put more women’s items setup in window display at the entrance of each store. If the same products are available in all channels, customer can shop at the stores with all sizes, style and color, and the estimated sales will increase in retails. In addition to the promotion of women’s items at shop such as shoes, swimwear and dress would widen the choices for the customer. They could offer crossover brand name products and sponsor the qualified and famous explorers, athletes and celebrities to attract the customer’s attention and boost up more sales.

Identifying the target market: the business’s target market is 50-65 year old females, however this is not appropriate anymore for the current demographic characteristic of the area the business is in. The business’s market segment must be encompassing of younger females as well. The business will include clothing that is suitable for females from the age of 20 all the way to 65. The business is known for selling clothing that is targeted at older women; hence it is essential that the business’s original clothing range is not completely abandoned. An expanded range which caters for women of all ages is more appropriate for the

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.

The primary target market for our strategy is men between the ages 13 and up who generate a middle to high income. Any man old enough to wear cologne or who likes to smell good is a man who would benefit from our products. We are looking for a customer who values name brands, long-lasting scents, and

Macy’s Inc. has a very strong network all over in the United States under its two main brand names but the company has very weak geographic presence. All of its business functions are in the United States. Any changes in the economic, political, legal, and social framework of the country will have direct impact on the business operations of Macy’s Inc. and its profitability will suffer many folds.

ensure that the company stays current and ensures that there will be a wider range of consumers shopping in-store, resulting in higher sales volumes and sales revenue generated.

it is important to identify key strengths of the company over upcoming threats and weak points. Macy’s differentiate itself from competition with upscale “Celebrity” brand exclusivity, merchandise based on local preferences, and unique store design atmosphere. Based on analysis performed the company weighted strategy is to move towards the online and technology advances with maintaining Macy’s upscale storefront culture, integrating new product offerings with revising promotions to satisfy its target market and expanding operations to a new markets with present demand. From opportunities analysis strategy can be divided in three fragments

Etsy and Macy’s have a strong social media presence in platforms such as Facebook, Twitter, Instagram and Pinterest. It allows followers to interact with these companies with a comment, like and/or share the new products or offers. Social media has become one of the easiest and most powerful tools when it comes to marketing. Is the “next big thing,” a temporary yet powerful fad that must be taken advantage of while it’s still in the spotlight. (Forbes, 2014) For small businesses such as Kurafuchi, social media is one of the best strategies to promote their product and increases their brand recognition by investing little or no money, where it allows the business to decrease their marketing costs.

Life With Lex is a newly set-up retail establishment that will offer fashionable clothing for sale to women aging from eighteen to fifty years old. Life With Lex is a sole proprietorship small business that will be located in uptown Kingston, New York. The uptown area of Kingston is becoming an extremely popular shopping area for locals because of its hip, vintage feel. While my inceptive goal is to open one boutique in uptown Kingston, my extension plans include inherently franchising my boutique Life With Lex, and/or the premises I am located in, a highly-acknowledged brand name. In the future, I would truly hope to occupy a substantial portion of the online retail market.

The way that individuals and businesses communicate and interact has radically changed. With the development of technology and the internet, people can connect almost instantaneously and with very little effort. Social media has come to play a huge part in the way that the world communicates with each other. In fact, a recent report shows that in a single month people spend over 25 hours on social networks (“The Digital Consumer”). With consumers committing that much time to social media sites, social networking has become an important aspect of everyday life for individuals—and businesses. Like most marketing activities, social media marketing poses some risk. However, it is advantageous for businesses to exploit this opportunity, and develop an effective and ethical marketing strategy that includes using social media as a marketing tool.

Social media is where the new era of consumer post their experience, reviews and complains. This reviews, complains and experience is the way that Etsy retain and attract customer. Aside from social media many website including Etsy retain their customer by creating a marketing strategy. The marketing strategy determines which is the most effective ways to attract and retain costumers. The strategy can be a combination of banner ads, pop-up ad, interstitial add, rich media ads, site sponsorships, online advertising, and email marketing. Advertising is all about finding ways to increase the number of users visiting the webpage. Etsy is a web base company, which is does not have the accessibility of capturing consumer by first hand. In the

By the end of the 1996 Peterman started considering the expansion of business through retail. But at this time they were suffering from shortage of financial capital and again were in the process of looking for investors. In my point of view, it would be better to choose another way of expansion – E-commerce. Firstly, it would be cheaper and easier to implement; secondly, it has as much opportunity to attract customers as retail stores, that is, it’s also profitable.

Opening a new retail business can be daunting to say the least. The entrepreneur accepts full responsibility for development and management, including the risks and rewards. Many businesses do not survive to see their fifth anniversary since business owners fail to develop an effective business plan (Haag, 2013). The key to the success of a business is writing a business plan down first, when preparing to open a business, it emphases on the main areas of concern and will be the core support of a successful business. There are many obligations that must addressed before opening up to the general public and this paper will discuss the steps that need to be taken from the beginning until the grand opening of a fictional retail store, Savvy Chic Apparel. These obligations and steps will include financing options, location strategies, merchandising plans, staff recruitment, preliminary training, product selection, store management considerations and advertising media budgets.

As with any organization the key to success are many. It’s a matter of determining which keys fit the door of success and focus of the organization. Technology is continuously expanding therefore producing more advanced tools to better organize, communicate effectively and provide efficiently the highest quality of work output by employees. Taking on the task of assisting with the launch of a new e-commerce unit, it is important to recognize that are going to be the determining factor so success.