Group Consumer Analysis: Victoria’s Secret | MKTG 425-101 | Michelle Fox, Tyler Gullivan, Shannon Johnston, Sara Seeger, Colin Watts | Executive Summary 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. …show more content…
This new line should add a new dimension to Victoria’s Secret product mix. By designing this new line of baby clothing for newborns and toddlers, Victoria’s Secret can get consumer’s loyalty even before their teen years. The line will be based on the Victoria’s Secret PINK line, and include: * Bright colors * Soft cotton materials * Onesies * Sweat suits * Cotton dresses & diaper covers * Baby accessories (hats, booties, socks) We want to make sure Victoria’s Secret continues to bring high quality to its customers. To do this they will remain manufacturing and distributing the Baby Secret products the same way they do business in every other aspect of the company. Striving to make consumers feel comfortable and create an environment that will welcome customers back time and time again. Quality includes: * Diversity: We want to continue creating a wide variety of colors patterns and designs * Superiority: Victoria Secret already has a huge name and well-organized company in the industry. It is important they remain held at high regards by their consumers. New Target Segment The new target market chosen for the Baby Secret clothing line are pregnant women, mothers, and young, trendy women. These categories of women were chosen because each type of woman would go into Victoria’s Secret already, as well as, each type of women would have an interest or need to buy baby clothing. By
With a growing concern, Sportsgirl faces a lot competition. The main issue that is being discussed for the weaknesses, are whether or not Sportsgirl can keep up with the ever growing demands the customer and keeping up to date with fashion.As with strengths in a business comes a variety of weakness, which include;
Victoria Secret is also a major brand that has been caught for having unethical work conductions for children. Victoria Secret only uses fairtrade cotton in their products to help make a better life for their workers in poor conditions. On their African farms, many of the fairtrade workers have companied about how there is a lack of funding and resources to make a decent living from the company. Not only that but a report came out that a 13-year-old girl was forced to sleep on plastic sheets and was beaten by her boss if she didn’t perform well enough at work.
Victoria’s Secret goal is to increase its profits by 10% and also to maintain and gain customers’ loyalty and their satisfaction. Company’s main goal is to maintain existing customers and gain new ones. Victoria’s Secret is very profitable and well-known brand all over the world and especially in US. Therefore, by launching this new line, Victoria’s Secret does not necessarily aims for enormous increase in profitability but increase in customer-company relationships.
In her interview with Motto, Victoria’s Secret Model Erin Heatherton admitted, “My last two Victoria 's Secret shows, I was told I had to lose weight. I remember staring at my food and thinking maybe I should just not eat.” Erin, like many, was pressured by Victoria’s Secret and societal standards to get a near perfect body image. Stores and their advertisements influence how humans behave, see themselves, and think of other people. Stores can affect consumers in negative and positive ways. Victoria’s Secret, known for its quality lingerie, has also branched off into perfumes, apparel, and lotions. Their audience encompasses mainly ranging from preteen to middle aged ladies. Many of their target audience members are easily influenced by Victoria’s Secret’s advertisement strategies and sales. Victoria’s Secret at the Empire Mall in Sioux Falls attracts customers with elaborate displays, and periodic sales and erases identity by creating a false sense of normalcy.
If you want the Victoria secret angels feel, then be careful of the lingerie you buy. A slight modification while buying your lingerie will change the way you look and
“The infant’s and children’s clothing retailing industry has achieved steady growth over the past five years, amid difficult retail conditions.” ("Market Research Reports & Analysis | Ibisworld AU”). With current value growth of 5%, the industry is stronger than the review period of CAGR of 4 %, and is the fastest growing category among the apparel industry, with girl’s clothing dominating 41% of sales, followed by boy’s clothing 39% and infant’s clothing
Target has a wide variety of clothes that appeal to a wide variety of people. The main segments of their targeted consumers are women, men, and children. The sub-segments in women’s clothing are active wear, youth, or maternity. Active wear are for women who are looking for comfortable clothes to workout in. Youth are for casual or business casual people to wear on a day to day basis. Maternity clothes are for women who are pregnant and looking for clothes that are bigger. Men sub-segments include active wear and casual wear. Both sub-segments serve the same purpose as the women’s. Children sub-segments include infant, toddler, and school uniforms. Infant are usually gender-neutral clothing for all babies. Toddler clothing are for kids around
The goal of the aerie brand is to fix the body image issue most girls are facing. In efforts to doing this, any photo they take of their clothing on models is said to be “untouched,” meaning Photoshop was not used to enhance the model’s body in any way. They want women to embrace who they are and what their bodies actually look like instead of feeling pressured to hide their bodies because they don’t look like the models. The collection is available in aerie stores throughout the United States and Canada, online at aerie.com and at select American Eagle Outfitters stores. Aerie offers bras and undies exclusively, but also sells sleepwear, swimwear and
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
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
A fashion statement can be made with any outfit if the right designer toddler clothes from the Amelia J. Collection are used. Our line of bold kids fashion shoes and trendy toddler dresses can be used as the base for special occasions or day-to-day wear. So it shouldn't come as a surprise when we suggest that they can even work for a holiday, such as Halloween. The following is a list of a few of our favorite ways to dress toddlers up in a costume using our trendy toddler clothes:
One of the benefits of expanding the MMDC’ line is that the line has already demonstrated the commercial viability of the matching doll and child clothing model. The concept has a proven track record and now the company has only to further build on this successful model. Furthermore, the recent positive publicity engendered by the celebrity sightings, will create an even greater demand for the product, and will allow for the maintenance of premium pricing. We believe that the expanded line will be at least as profitable as the existing line.
Children clothing are become more and more important in the recent years because the country 's fertility rate booms (Askbaby, 2010). Primark increased its market share in the children clothing which could help in boosting the whole sale (Fletcher, 2007). According to Smithers,
Victoria's Secret has a stronghold on the lingerie market. Its store sales this year brought in over $6.1 billion, Even so, some are saying that Victoria's Secret's explosive success might start tumbling because of the paramount demographic of millennials and their changing attitudes. Research analyst Nikki Baird of research firm RSR explained in Forbes how many retailers are trying to cater to millennials to save themselves, but millennials' preferences may not fall in line with what Victoria's Secret stands for. The lingerie industry is going through enormous changes. Thin, models have been replaced by body types that more similar to the everyday
Victoria Secret appears to be a profitable company. Victoria Secret is part of L Brands whose operating income was at $ 211 million, up by $24 million from the last quarter. Specifically at Victoria's Secret, sales increased by 4% to reach 5.4 billion but operating income decreased by 6% to 1.71 billion. It appears that Victoria Secret's major expense was their Cost of Goods Sold, COGS, which totaled at 1.3144 billion. The gross profit percentage as at February 2013 was 47.87% (NASDAQ, 2014).