MARKS & SPENCER (Individual Analysis)
Words Count:2064(excluding tables)
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Introduction:
Marks and Spencer plc is a UK-based company. The business is known best as a retailer. There are over 622 Marks & Spencer stores throughout the UK that sell clothing, food and household goods. The core of its retailing business is clothing, particularly women's.
What market segments do the three different product ranges serve? Assume that the Perfect and Classic ranges serve essentially the same segment.
| |Perfect and Classic ranges |Autograph range |Per Una range |
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With Per Una been translate into For One show that M&S is prepared to offered this new target group with special and detail style to make it a unique piece of clothes. Customers in this range wanted a sense of style which is value for their money and with a reasonable quality which meets the basic quality such as colour fading or shrinkage after washing. Per Una is targeted at the young and sophisticated women are not afraid to put colours into their wardrobe. Therefore, the Per Una is nothing like the Autograph or Classic range as there are more colour choices in the range. (See Appendix 3)
What are the order winners and qualifiers for these different ranges?
Order-winning factors are those things which directly and significantly contribute to winning business. They are regarded by customers as key reasons for purchasing the product or service. Raising performance in an order-winning factor will either result in more business or improve the chances of gaining more business. (N Slack, S Chambers and R Johnston, Operation Management, p.72) These criteria win orders and they differentiate a product or service from those of the competition by offering product or service features that are superior to those competition.
As in the M&S case, the three different range of clothing line have its own order winners to make it
Marks and Spencer Group (M&S) is the premier retailer in clothing, foods and home ware within the United Kingdom. The company’s commitment to quality, value, service, innovation and trust is a key contributor to their success as a high street retailer in the UK. Their current core UK operations centre around three divisions, food, general merchandise (including clothing and home ware), and the financial services industry. Therefore Tesco plc is the prime UK retailer to analyse and compare growth, financial performance and the financial status of M&S Plc in line with other competitors within the same industry.
Before we can understand the effectiveness of the marketing techniques, we have investigated both companies and carried research by looking through different sources. Sources include; internet research, company website, advertisements which we evaluated on www.youtube.com for Oxfam.
This report presents data describing the differences amongst the two department stores, their fundamental visions, and comparative statistics. Macy’s or Dillard’s: Differences amongst these competitors There are several aspects you can analyze from each department store. Major pieces do set each one apart from the other. Brand names carried by Macy’s and Dillard’s from an average shoppers point of view can go completely unnoticed unless price is involved. For trend shoppers brand names can either make or break a retail store. It can easily determine if he or she will walk to Macy’s or Dillard’s because they already know the store does or does not carry that brand. This is consistent with each department throughout both stores and
Marks & Spencer is a large company listed on various stock markets, which a widely spread operations in many countries. The size of operations of the company and high reputation in the
|Current Assets | Feb 2, 2008 | Feb 3, 2007 | Jan 28, 2006 |
Ex- Chief Executive Officer Ron Johnson appointment to reinvent the failing retail monster JCPenney’s was short lived. JCPenney’s having a great run as the pinnacle of shopping destinations for the Baby Boomer and the X-generations was now on the decline. Likewise, both the retailer Sears, and JCPenney have been slow to recognize the changing retail market and adjust to the “point and click” shopping habits of the internet savvy Y-generation millennials.
Over the past few years, we have expanded throughout the eastern area providing clients with high-end clothing for the junior market. However, the company would like to shift to lower price points for a more diverse audience. Maribelle & Ainsley has designed a more affordable collection for Target, coming April 2019. The company has decided to partner with Target, because it carries such a strong consumer following. Also, consumers are wanting to shop at a superstore, where everything is conveniently available causing them to spend more than they had planned. (Leinbach, 2014) We believe that consumers who are wanting Maribelle & Ainsley clothing, but are unable to afford it can have the opportunity to have a taste of our collections before becoming loyal to our brand. With that being said, the collection will arrive right before Easter weekend to provide Spring clothing to our target market wanting a
It is estimated by the Center for Disease Control and Prevention that there will be 71 million U.S. adults over the aged of 65 by 2030 (CDC, 2011, May 11). It can be certain, as was with their predecessors, that the geriatric journey for these adults will be filled with multiple anti-aging face creams and miracle hair growth products as they reluctantly cross over to the last stage of their lives. As shown not only through our media and social interactions’ growing old is not the popular choice. Ironically, the reality is that aging and dying is just as significant as our first breath. It is a journey made by everyone and everything though it is fought with a
I am looking at Topshop for this report. Topshop is a very large British fashion store for young women selling fashion clothes, shoes and accessories. There are Topshop stores throughout the UK. The flagship store in London Oxford Street is the biggest fashion store in Europe. Topshop is part of the Arcadia group which owns other fashion stores such as Miss Selfridge and Warehouse. Topshop mainly sells its own brand products but in larger stores it has concessions of other more expensive similar clothes. As well as selling Topshop clothes in Topshop store, they have concessions in large department stores such as Selfridges. They also have a website where you can buy a lot of the Topshop range including shoes and clothes for
Marks and Spencer (M&S) p.l.c. is one of the largest retailers in the United Kingdom with a selling space of 12.5 million square feet, was established in 1884 as ‘Penny bazaar’. M&S sells clothing, food, footwear, gifts and home furnishings in its 760 stores around the world. The company’s wholly own and franchise stores operates in Europe, Hong Kong, Far East, Australia, Middle East, the Bahamas and Bermuda making a total of 34 countries.
To deal with these business problems, Morrisons could try to implement augmented and virtual reality in its future operations. First of all, it could apply the smart glasses to the daily operation. Smart glasses could be taken as a substitute for checkout machines so that both cashiers and customers could spend less time on the checkout process and make payment easier by using the glasses to scan bank cards directly. Moreover, Morrisons could fully replace handheld scanners and paper pick list with smart glasses. Once these glasses are being used, they can automatically record the inflows and outflows of products when scanning the barcode of products. The goods control system could track the sales of all the products and inform the real-time
This document/report throws light on the business environment of Marks and Spencers and the analysis of strategic position, strategic direction, success criteria and backed up by future recommendations for the company based on all the mentioned aspects. The frameworks used to analyse the company are:
Marks and Spencer Company is one of the biggest retailers in UK, which it has known by providing the finest qualities of goods and services including clothing, home product, foods and groceries. In currently, M&S Company operates 852 UK stores, 480 international stores and e-commerce platform includes approximately 83,069 employees, while M&S Company is one of the UK’s leading market positions in Menswear, Women-wear and Lingerie products (Mark and Spencer 2016.
Victoria’s Secret is one of, if not the most popular women’s lingerie and clothing store in the United States. They are known for their higher priced, sexy, and sometimes promiscuous clothing. Victoria’s Secret has come up with many different innovations after first opening their door, such as a make-up line, body care line, and PINK teenage line. The next logical step is for Victoria’s Secret to create a baby clothing line. The baby clothing line, entitled Baby Secret, would have various types of infant and toddler clothing, and would be classic and simple, yet fashion-forward. A