Marketing Planning Process of H&M

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Contents Acknowledgements Introduction Methodology {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} Appendix Acknowledgements I would like to Thank Frances Smith and all the ladies at Invest Northern Ireland for all of their help and support throughout the process of this assignment. Their contribution has been truly appreciated. Introduction In order to understand the Marketing Planning Process it is important to first know what the term, Marketing Planning Process means. Market planning is…show more content…
2.2- Contribution of Market Research to the Marketing Planning Process. 2.3- Conclusion. It is now evident that market research is imperative to a good marketing plan as it collects the data that businesses need in order to succeed. It is now vital to look at the marketing audit for H&M in order to evaluate the strengths and weakness of the company for a good SWOT analysis. 3.0- H&M background. Hennes & Mauritz is one of the largest fashion retailers to hit the high street with around 18000 stores worldwide, employing around The 73’000 people. H&M was first established in Vasteras, Sweden in 1947 by Erling Person. The company has grown strong ad now offers a team of 100 in house designers to create their lines of men’s, women’s and children’s clothing and made a turnover of SEK 104,041 million in 2008. They also sell their own brand of footwear, accessories and cosmetics. H&M do not own their own factories however; they do buy goods from over 800 independent suppliers round the world, mostly from Asia and Europe. They are also a worldwide store through their online sales and also offer a catalogue of their ranges. H&M’s concept is to offer ‘fashion and quality at the best price.’ (H&M, 2009) – See appendix 1 For H&M’s Mission Statement. 3.1- Marketing Audit. The marketing audit considers both internal and external influences within the market when making the decisions arisen. There many marketing tools that a company can use when
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