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Vera Bradley Case

Good Essays

Recommendations:
1. To boost revenue in the handbag, luggage, and accessory market, Vera Bradley should focus on expansion in the Chinese Market.
In comparison with their three major competitors presented in this case, it appears that Vera Bradley has a competitive disadvantage. Except for price point, they are lagging in competitive areas of brand awareness and market expansion. Vera Bradley’ ability to sustain competitive advantage has been cumbersome. Gamble et al. (2015) state that the scope of the firm can help improve the span of their business plan, as well as how far they can expand their reach within market segments. Vera Bradley should invest in expanding in the Chinese market for luxury goods because it has been historically low in demand. The Chinese …show more content…

When shopping for a Vera Bradley item, a customer will fall in love with maybe 1-2 specific patterns and if Vera Bradley implements the strict pattern introduction and exit the customer will be more inclined to purchase more items with their favorite pattern. Vera Bradley should expand their solid color line of luxury goods. If Vera Bradley offers more solid patterns, they will be able to reach even more customers who prefer a subtler look as opposed to the traditional vibrant, unique patterns. If Vera Bradley continues offering different products a focus should be placed on the solid pattern product lines. Not all customers in the market who are looking to purchase a handbag, luggage, etc. want the more eccentric patterns offered. By expanding the brand and putting more focus on simpler patterns, Vera Bradley will appeal to more people while also staying loyal to their original idea. By simply offering 1-2 solid patterns per season, Vera Bradley will see an increase in customer base and

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