Executive Summary This marketing plan isprepared for the case study of Flare Fragrance Inc which operates in the U.S women fragrance market, currently its growth to maturity stage.External analysis has identified political, economical, social, technological and naturalfactors affecting the fragrance market. Most significant being declining U.S fragrance market and trend of tradingof luxury brands to mass alternative, post 2008 financial crisis.Industry analysis identified the U.S fragrance industryto be low in attractiveness. Critical success factors includes originality and innovation, prestige image, meaningful consumer experience, good distribution network and, relationship with retailers. Flare’s portfolio consist of fragrances …show more content…
Thus, not observed as a trend in the life cycle. It can be concluded that market is at the growth-maturity stage. 3.0. Situation Analysis 4.1. External Environment (External Analysis) 4.2.1. Macro environment (PESTN analysis) POLITICAL AND LEGAL | * To avoid replication or counterfeit, fragrance formulas remain known only to the creators and are protected under the intellectual property laws (IFRA, n.d.). | ECONOMIC | * Economic crisis resulting in overall decline of sales in the fragrances market. * Slow economic growth rate and reduced purchasing power of consumers. * Due to economic pressure, consumers seem to be trading down from luxury brands to mass alternatives. * Exchange rates and fluctuations (declining US dollar), making it more risky and expensive to expand to the overseas market. | SOCIAL AND CULTURE | * Increasing preference for lower-priced scented products (body washes, sprays) or skin care products as to fragrances. * Rising popularity and trend of celebrity and designer fragrances. * Increasing consumers seeking for environmentally safer or ‘green’ products. | TECHNOLOGY | * Improving technical knowledge on identification, purification, and chemical synthesis of scent, allows natural aromas to be re-created. Advantage of synthetic materials is that purity can be strictly controlled and contaminants-free (IFRA, n.d.). | NATURAL | * Some fragrances today still use
Flare Fragrance is facing in declining of growth rate in 2008 where the CFO estimated year-end numbers projected only 2% growth in 2008. Compare to 2007, sales had risen 12% which was much better than in 2008. An analysis of 2009 strategic initiatives had launched by the CEO, Joely Patterson with determination to make 2009 better
A. Chanel No. 5 is one of the most prestigious scents in the world (J. Baughman (Ed.), 2001)
The fragrance market is the major part of the care market. During the 90’s, this market has known a considerable growth. Currently, it might be entering a maturity phase. The perfume market is highly competitive and there are a lot of fragrance houses which are competing for sales. The total global market is over 25 billion Dollars.
As the consumer attitude gradually changes, people are more in favor of the natural and safe products in cosmetic market. Australia consumers are not exception. They respected green-added cosmetics, namely, they are increasingly in pursuit of natural, pollution-free cosmetics with no chemicals added. Consequently, the products of chemical-free will gain competitive advantages in Australian cosmetic market to meet the consumer’s psychological needs for green, organic skin care products.
Recently, sales have dropped with one of the signature products which prompted this study. I have been assigned the task of studying and finding out why the sales have decreased with Momma T’s Lavender and Lilac fizzy bath bombs.
maximum folks have probably seen the antique Spice commercials with the confident and rapid-talking Isaiah Mustafa, AKA “The antique Spice man.” the ones commercials first started in early 2010 and have for the motive that grow to be a whole collection of a number of the maximum famous classified ads on television and the internet. however what's it approximately the ones classified ads that lead them to so appealing? to answer this question, this paper will popularity at the economic that started out out it all: “the man or woman Your man need to scent Like.” even though this ad does exceedingly little to realistically describe the product it's miles advertising, its clever and diffused use of all 3 primary factors of appeal (ethos, logos,
Perfumes were very popular in Ancient Rome. In fact, they were so heavily used that Cicero claimed that, “The right scent for a woman is none at all.” They came in liquid, solid and sticky forms and were often created in a maceration process with flowers or herbs and oil. Distillation technology, as well as most of the imported ingredients, originated in the east. The most prominent perfume market in Italy was Seplasia in Capua. Perfumes were rubbed on or poured onto the user and were often believed to be helpful against different ailments, such as fever and indigestion. Different scents were
Burberry, founded in 1856, is a leading international luxury brand. Burberry designs, manufactures and licenses apparel and accessories for distribution through its own stores and network of prestige retailers worldwide. In early 1998, the new management team at Burberry set out its strategy to reposition and revitalise the brand, which resulted in significantly improved results and strengthened the base to build the business. With continuous growth since last five years, Burberry has faced new challenges of brand sustainability and positioning in a volatile industry (fashion) where customer behaviour is unpredictable. Thus, it requires a strategy that lays foundations for long-term growth and addresses the issues
Context: Increasing purchasing power in NE and role of powder as fragrance / softening agents
In analyzing this new product introduction recommendation a few things come to mind based on the findings of Arlmont Associates as well as the focus group findings and the wants of the company’s founders. Flare fragrances typical new product introduction has been every three years and this new launch is on target to meet the new introduction schedule. Although doing nothing or concentrating on drugstore expansion are options, if bringing the company public is the ultimate goal of the companies founders, then historically, especially for investors, it is critical to maintain Flare’s historical product launch schedule. If the company does not it would appear that there are problems internally and
IFF original products were bar soaps and concentrated fruit juices. Van Ameringen suggested that adding fragrances to their products would be a more profitable way and he was right. The new ingredient increased their sales. Bar soap was only the beginning and with a better and innovative technology they were able to produce several products. Fine colognes are commercially produced today. Scientists have discovered many technologies like the Living Flower® technology of Dr. Braja Mookherjee in 1985. IFF changed the way that perfumes were created by re-creating the fragrance by using a flower at its peak. Sterile
Cacharel fragrance brand was acquired by the L’Oreal group in 1975 (Insead, 2007). L’Oreal is known as a house of diverse corporate and umbrella brands, namely just a few: L’Oreal Paris, Lancome, Cacharel, Giogio Armani, Ralph Lauren and many others. Each of these umbrella brands has below it numerous products brands and line brands. They constitute so-called a multi-brand matrix (Marketing Mastermind, 2008). Cacharel umbrella brand belongs to the Luxury Products Division, one of three divisions of the L’Oreal group, which offers up-market premium products to consumers. Every umbrella brand has established distinct identity, image to focus on different target market, in turn; the Cacharel umbrella itself is perceived as an encompassing combination of prestige, femininity, charm and romanticism. (Kepferer, chapter 11, p292). As a result, Anais Anais was the most responsible for creating Cacharel’s identity by its extraordinary succeed. In the shoes of Katsachnias, we have been encoding the Cacharel brand identity in some extends, whether it helps to revitalize the brand at its crisis? We continuously perceive this insight in the next question.
Burberry is uniquely positioned as a classic British apparel brand with high global brand awareness to capture the globalization of consumer demand. Its distinctive luxury brand with international recognition and broad appeal. The company’s outlook for the accessible luxury goods industry remains positive from both a geographic and product point of view. Burberry had become positively hip and popular among a younger demographic. It has a unique history and positioning as the authentic British lifestyle brand and highly successful merchandising and marketing strategy across both appeal and accessories. In 2000 Burberry’s total sales were 225.7 million and by 2003 sales had went up to 593.6 million.
product matures, however, its price drops and demand is stabilized for a period of time,
Goal of the project- Study of the brand- Gucci, its products, marketing strategies, the marketing mix and a critical evaluation of the study.