The Tory Burch company was founded just over a decade ago in Manhattan. Tory Burch, the founder and CEO wanted to offer women like herself, a lifestyle brand that was high-end and luxurious, but was at lower price point that most traditional luxury retailers. Not only are the Tory Burch pieces trend-forward and fun, but they are also timeless and are easy to incorporate into any women’s wardrobe (“Tory Burch embraces”, 2012). A wide variety of product offerings in addition to personalized customer service both online and in-store have helped create a loyal consumer base for the brand. The company’s mission statement is to be an “attainable luxury, lifestyle brand defined by classic American sportswear with a diverse sensibility” (Chung, 2013). Tory Burch realized early on that there was a certain niche market that was not being targeted: one that like designer clothing, but did not want to pay the high prices and she sought out to fill that void with her own clothing line. Tory Burch as a company and brand values their customers and shows their appreciation by offering them a variety of different products all at attainable and reasonable prices.
Target Market
Tory Burch’s target market focuses on the everyday women. When Burch first started the brand, she wanted to create clothing for women that were in her own age group and who loved designer fashions, but did not want to pay outrageous prices for them (“Tory Burch embraces”). Her initial wanted to focus on designing
Her success was linked to a belligerent digital strategy. The company first launched its ecommerce right after the opening her first store in downtown Manhattan. Her website, toryburch.com, creates more revenue than other stores physically. She is one of the few designers that retain an ongoing dialogue with her fans on Twitter and her friends. Although during the early years she did not have a great budget, she realized that she needed to get into her and her team’s creativity. As the writer, Lauren Indvik, explains in her article, How Digital Marketing Fueled Fashion Label Tory Burch’s Global Expansion, she says, “It was very much about editorial relationships and personal appearances, which enabled her to connect directly to the customer” (Indvik,
In 2004, Tory Burch launched her fashion line. After she launched her line her goal was to target specifically the baby boomers. Which did not turn out so great, reason being the middle class women felt like they were not being catered with what they wanted. According to Tory Burch’s fashion blog, “the fashion industry lacked a reflection of the variety of attitudes, tastes, life-styles, and body types of this specific target market” (Chung, 2013). Burch then stepped in and started to make millions by catering to the consumers on what they wanted exactly. Her products are age appropriate, affordable, and had a luxurious style.
The slogan for this particular product of Tory Burch is, “Fashion meets fitness.”. This slogan does a
Burberry is a global brand that literally climbed out of the trenches of World War I to become a status symbol of the wealthy and famous. However, by 2007 Angela Ahrendts, who took over the Burberry brand, found that its image had been cheapened by overseas licensing. Ahrendts’ return to centralized brand management, combined with the innovative use of digital and social media to attract millennials, was a brilliant strategy that paid off in huge dividends for Burberry, returning the brand to luxury status.
As two separate companies, they have established a different approach towards the market, however with the right research and evaluation, Rousteing and The Bay have beautifully managed to make both sides collide with success. They have managed to design ready-to-wear for different target groups, for example, women’s outerwear shoes, men’s business attire, jewellery, as well as the latest Balmain Army collection inspired by Rousteing himself. They have made the price range of the products in the listed categories reasonable and affordable for premium quality clothing, accessories and footwear for both genders that are quality and price conscious. Also, in Toronto and Vancouver, The Bay has launched a showroom called “The Room” that features some of Balmain’s hottest but not-so-retail-friendly designer clothing from Rousteing’s runway collection. With the stratospheric prices, these items are obviously in display for the more sophisticated young female adults that completely disregard the price tag when they see something they genuinely adore. However, this was also an intelligent way for Rousteing and The Bay to promote their collection by giving the people of middle-class families to feel and take a closer glimpse of some high-quality handiwork. This makes the women of the demographic target market want to know what else Balmain has in store at The Bay, that is of similar quality, but with a more affordable
Attention Getter: “These high fashioned brands represent to us (African Americans) success.” (Combs,2015). Reveal topic: High end fashion and the lack of representation and support of black designers/artist from both the black and white audiences. High end fashion: when a major fashion house such as Polo, Yves Saint Laurent, Gucci, Dolce & Gabbana ,etc. design expensive, fashionable clothes Credibility statement: I became interested in this topic after watching a documentary on the history of urban fashion, but not just that, it also touched on the topics of culture, race, and identity.
“We use the power of fashion and fun to help our girl express her individuality and fit in—while standing out. We always listen closely, keep it real, and offer our product at a great price.”
Tory Burch is important in the fashion industry because she is also a business woman and a philanthropist. People around the world needs someone to look up to, and Tory Burch is very passionate about her career, she served on the board of Council of Fashion Designers of America, the Breast Cancer Research Foundation, and Memorial Sloan-Kettering Cancer Center. She received several awards of her accomplishments in those societies, as well as “Accessory Brand Launch of the Year from Accessories Council of Excellence; and Rising Star award from Fashion Group International. Tory was named on of Forbes’s Most Powerful Women in the World” (Carrera, 2011). She was actually rated as the 73rd most powerful women.
For decades, J. Crew has been a staple of middle-class America’s wardrobe. The company targets upper-middle class customers, selling Ralph Lauren-like designs at a lower price point. However, in recent years, the company, in addition to numerous other middle-tier American retailers, has struggled to find it’s niche in an industry often focused on the extremes. J. Crew’s executive and marketing teams have implemented new strategies to regain market share.
Born in Pennsylvania on June 17, 1966 Tory Burch prophesied her signature fashion brand way before she could even be a wonderful mother of six. She fiercely impacts the fashion industry with her unique designs. “From the very beginning, Tory had a powerful vison for her brand, with a signature as emphatic and appealing as that of a modern-day like Lily Pulitzer Blake” she created a signature logo that when everyone sees it they’ll know it was designed by her. An iconic T-logo medallion with a perspective edge which signifies her name Tory a double-sided diagram of the letter T. Tory is such a humble person that is fully determined on her fashion “Tory has an innate sense of decorum, but that doesn’t mean she is the life of the party”
Many of us are clueless on what goes on in the world. Rolling Stone magazine is a way for the younger generation to experience different styles. Whether it be from shoes, to music, to learning about young pop stars on the rise, the younger generation has a way of finding all the latest trends and ideas. The Britton Hill collection company is attempting to capitalize on the young audience of rolling stone to sell their product, particularly because most people in the world suffer from either uncomfortable stylish shoes or comfortable unstylish shoes. They grasp the idea of how a shoe can be more than just one thing. They can be comfortable, stylish, and able to withstand harsh conditions. The Britton Hill Collection did a wonderful job creating
As a clothing store which is focusing on local designed and European designed clothes, our products are going to be high-end, fashionable, green and unique.
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
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.
Gucci is a multinational fashion brand based in Italy. The brand specialises in leather goods, clothes, and fashion accessories for both and women aged between 24 and 30 years. Gucci was founded in 1921 in Florence, Italy by Guccio Gucci (Gucci Official Site United States, 2016). The main purpose of this paper is to provide an in depth brand analysis of Gucci. The paper will investigate and evaluate Gucci’s vales and identity, and will discuss how successfully these are reflected by Gucci’s business model, supply chain management, and Corporate Social Responsibility (CSR) activities. In addition to that, the paper will critically evaluate Gucci’s brand identity (identity) in relation to its brand image (external).