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Essay On Mavi

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"Established in Istanbul in 1991, today Mavi, with its 40 years of experience, is recognized as a highly successful, global lifestyle brand. Deriving its power from its strong denim roots, Mavi has been transformed into an international ready-to-wear and accessories brand by improving its high-quality products with "perfect fit" philosophy. "Perfect Fit" strategy allows the brand to understand and monitor the customer needs while offering high-quality products at a great value. The capability of Mavi to develop premium products in the jeans sector, based on the innovation allows Mavi to position in the upper segment of the international jeans market. Being one of the world's leading company in terms of innovation and technological development …show more content…

Furthermore, digitalization is considered as the center of business for Mavi, since it supports the relationship established between its consumers, mainly young people, with innovative and instruments based on the data. According to 2016 data, Mavi, reaching 3.3 million followers and accessing 84 million people in social media, is able to understand customers better by developing innovative CRM tools. Hence, Mavi may present the latest trends and products to its consumers before that any other brand could. The customer loyalty program, considered as the best of its class, is the evidence for Mavi's ability to develop effective CRM tools since Kartuş reached 5,7M members, of which 3,9M members are active for the last 2 years. Only in 2016, Mavi won over 1M new customers, 65% of whom are young people. As Mavi sold 1,65M denim units in the USA, Canada, and Europe, out of the 7,5M denim items sold in 2016, the data proves that Mavi has a strong and reputable brand position in the global market. The global distribution network of Mavi includes 61 Mavi stores as well as wholesale and online sales partnerships such as Bloomingdale's, Nordstrom, Peek & Cloppenburg, Simons, David Jones, Zappos.com, Amazon, and …show more content…

Two years later, in 1985 they started to market their own products. After the economic crisis, they were producing 1 million 200 thousand units per year before the April 5th Economic Resolutions, which were declared in 1994. After the collapse of East Block, the workshop in Avcılar has been largely transformed. In 1994, they were selling 100 thousand products per month while they started to sell 700 thousand products per month in 1996. When a crisis outbroke in Asia in 1998 and then in Russia, Eroğlu started to investigate further opportunity for overcoming the crisis. Nurettin Eroğlu explains this process as follows: "We went to Russia in 1996. Our operations were always improving. In 1998, when the crisis started in Russia, the ruble suddenly lost tremendous value, one to four times. At that time 7-8 million of our products were in Russia. We reduced the prices. On the other hand, we were in search of contract manufacturing. At that time, we knew that Mr. Esat Sivri has established significant collaborations there. Hence, the opportunity to cooperate emerged. We received an order from famous GAP company. We produced gabardine pants. Then we started to receive orders directly, as it always proceeds this way. We started to work with Calvin Klein. We started to work with other brands as well. Today it constitutes still a prominent part of our

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