Marketing Plan For
Prepared by: AndreaFigueroa
Professor:Jackelyn Llave
Bus 319 Marketing
Table of Contents Page 1. Background 3 2. Strategic Focus and Plan 3 Mission Statement 3 Goals 3 Competitive Advantage 4 3. Situation Analysis 4 SWOT Analysis 5 Competitor Analysis 6 Company Analysis 6 Customer Analysis 6 4. Market-Product Focus 8 Marketing and Product Objectives 8 Market-Product Grid 9 Target Markets 9 Points of Difference 9-10 Marketing Mix Influences 11 Potential Customers 12 4 P’s 13 5. Marketing Program 13 Product Strategy Packaging 13 * Service Objectives 14 Price Strategy 18 Target Audience 21
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| Economic | Michell Marie is a high-end store profitable per share currently rank number #1 among its competitors in panama and Ecuador | Customers are looking for more sales and coupons. High cost manufacturing prevents more discounts | Community | Charity contributions Teen Center located in Ecuador | Teen center only located in Ecuador not build in the USA | Technological | Michell Marie website provides availability to exchange season trends | Too much technology can produce costly maintenance |
Trends related to the social, economic, technological, competitive and regulatory forces that relate to Michell Marie Clothing Boutique are:
Social- Age Climate Region styles Psychographic characteristics
Economic- Consumer’s income Expenditure Resources- Cost of running the business
Technological- Online
Lululemon’s primary target customer is a sophisticated and educated woman who understands the importance of an
PetSmart is one of the largest specialty pet retailers of service and solutions for the lifetime of pets. More than 1008 stores are open in the United States and Canada that provide pet foods and supplies that are priced reasonably. PetSmart provides all types of services for pets including pet training, pet grooming, pet boarding and adoption services. In addition to providing impressive value PetSmart has the broadest, deepest product range in the industry, including thousands of products exclusive only to PetSmart. Every year PetSmart takes care of the grooming for hundreds of thousands of pets in what PetSmart calls its PetSmart Salons. These animals are groomed and pampered by stylist who have
Increasing competition from Scrambled merchandising from Canadian tire & dollar store chains. Increasing competition is putting a pressure on profit margins as well.
II. Over the past few years, fast fashion has been an extremely hot segment and source to help some clothing companies increasing on their economic growth.
Survival Strategies: After Cost Cutting, Companies Turn Toward Price Rises --- They Don't Call Them That, But Some Trim Discounts And Add New Premiums --- Charging Extra for Odd Sizes By Timothy Aeppel 1,783 words 18 September 2002 The Wall Street Journal (Copyright (c) 2002, Dow Jones & Company, Inc.) Inside the walls of American industrial companies, something unusual is going on: an all-out search for new ways to charge more money without raising prices. Goodyear Tire & Rubber Co. has chopped discounts to its biggest distributors, which had been taking advantage of favorable prices to undercut Goodyear elsewhere. Jergens Inc., a Cleveland industrial parts maker, has started charging big premiums for small orders of fasteners that it
The experts warned that clients may like to hunt for deep discounts. From a financial perspective, when we compare the revenues between the first semester of 2011 and the first semester of 2012, we see that they are dropping by a significant 21% for the benefit of competitors. The operating margin is hurt considerably as well, which means that the pricing strategy and the repositioning of the brand is not working for the moment and customers are not behaving as Ron Johnson expected, and very probably the situation would persist unless the management acknowledge that adjustments are required to make the strategy and its implementation a driver of growth on the top
Because Harrington Collection thinks that sales people are the most important factor in the consumer decision-making process, they spend significant resources training their personnel and offering them attractive commissions. Their expenses are understandable, and didn’t change for the fiscal year of 2007. What did change were the Manufacturing Group’s expenses. The Manufacturing Group’s SG&A increased 4.63% in 2007, meaning that the cost of maintaining the current manufacturing set up is increasing.
One of the things they use to looking for is about the trends of the people. They try to understand their behavior in order to find new ways to increase their sales. One of the major trends that has affected the apparel industry is the increase of customers buying online. The use of internet to buy has been growing because it is comfortable and easier for people without the need to go to the physical store. Technology has changed the traditional way that customers use to buy.
This marketing plan examines the case of TOPSHOP as a UK’s fast-fashion retailer. The following marketing plan is structured according the SOSTAC framework. Topshop is operating under the parental Arcadia Group. Over the latest years, Topshop has been one of the most popular UK’s fast-fashion retailers. The company is a multinational Omni-channel fashion retailer. Topshop is well-known for its high-quality products in medium low prices. The company’s portfolio owns a wide range of products and services. According to the Situational Analysis, the UK’s macro environment has changed over the latest years. The UK’s fast-fashion industry is becoming more and more cluttered with competitors from both UK
2. Richard M. Johns (2006). The Apparel Industry. 2nd ed. UK, London: Blackwell Publishing Ltd.. 1-124.
There are over 1.1 million men and woman amateur and pro bodybuilders alone in the United States. The IFBB has competitors age ranges from as young as 16 years to as old as 83 within a range categories for competition, The NutiBullet Pro is a necessary tool to assist the competitors in preparing for competitions fulfilling a need for a quick, convenient and easy way for bodybuilders to create their protein shakes, whey smoothies or one of their required 6 to 7 meals a day.
Social and cultural changes are major determinants of emerging fashions. However, they are themselves affected by the other drivers of change that include globalization of world markets and accessibility of more sophisticated communications technologies. The latter has provided people with faster and wider access to more ideas and influences from other cultures and societies, driving demand for wider choice in fashion products.
Another reason for offering discounts is to drive your sales volume up. As long as you have a metrics strategy in place in
Social forces include traditional, values, societal trends, consumer psychology, and a society’s expectation of business. Societal trends include demographics, shifts in values ad culture, change in lifestyle and distribution of income. There are new and more modern designs being produced as our society is becoming more fashion conscious and will walk away instantly if products are not up to their expectations. Retailers today are very quick in adapting the latest high street fashion. Although shops such as Zara incorporate the high degree of vertical integration. Its house design team, tightly controlled factories and distribution network in
Nissan Grand Livina is the latest product of Nissan, launched on April 2007. It is projected as the "people's car", which fulfills the needs of the customers: an economical, wide-spaced vehicle with reasonable price. The objectives of the marketing plan is aligned with Nissan's objectives, which are being one of the Top 5 car manufacturers in Indonesia, increasing profit, and expanding market share.