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Target market; segmentation, evaluation, and position
Market segments and targets
Market segments and targets
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The type of store that was created was a boutique that sold accessories, jewelry, and shoes. This store’s location would be in the city and aiming towards women that enjoy wearing accessories but not spending a lot of money. The boutique is also small but with open space inside. The brand image of the boutique is classic, girly, and elegant. This is because the brands that are being sold are needed to resemble what they want to represent. The target market is mainly focused on middle to middle upper class females. The age group that is mostly targeted is women from eighteen to late twenties. This is due to the merchandise the boutique has to offer as in the type of shoes and jewelry that age would draw to.
For the boutique’s price point it is moderate. The reason why is that the target market is towards middle to middle upper class and putting in consideration how much the target market will spend. The reason is because the cost of the area being in the city goes into play. This is because the city has higher expensive than the suburbs so not many customers would want to pay for expensive merchandise.
The boutique’s walls are two chrome black walls then in the back of the store the wall is blue. Following that the wall that the cashwraps are located is white. For the black chrome walls, it creates a focal point for the customers to draw their attention to the bright blue wall in the back that has the shoes display. Also, the chrome black goes along with the boutique’s brand image of being classic and elegant. The color white for the wall by the cash registers was chosen to add brightness to the room since there are two black walls along the sides. Then the floor is marble white chrome to create an elegant feel for the middle...
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...t best fit the boutique was spotlights and point source. This specific lighting was chosen to aim towards specific merchandise that would draw attention to the target market. The overall layout of the store has enough open space for the consumer not to be over crowded by merchandise on the floor. Then there is enough merchandise laid out on the sales floor to attract the target market as in the shoe wall that is by the blue wall and then there are shelves hanging against the walls. There is also a focal point in the middle of the store that has tables that will showcase some of the boutique’s popular merchandise. Then the cashwrap is by the door, which is convenient for consumers to purchase their merchandise and leave. As well as the colors of the store target are both younger twenties and older on not being exceedingly girly but just the right amount of elegance.
The use of lights throughout the play did not vary often. Throughout most of the play, bright overhead lights portrayed the play’s main set room: a small town beauty salon. The lights created an atmosphere that was not only cheerful, but also warm and inviting. On each side of the stage, warm, more natural lighting was used to make the small outdoor areas more realistic. Lights were also used to convey
This past month I made my last visit to the popular teenage/college student retail store Abercrombie and Fitch. Finishing up some back to school shopping, I was on a quest for jeans, and I knew the place to get them. My last two favorite pairs were from Abercrombie and Fitch, and I was planning on buying the same kind once again. Happy and relieved that I would not spend the afternoon ransacking the mall for one pair of jeans, I entered the store to the pulsating beat of techno dance music. In front of me was the teenage Mecca of what is truly hip -- the first thing I noticed were the life-size pictured that covered the walls -- half-clad muscular and glistening young men, frolicking around with pouty faced but beautiful young women who were wearing either size 2 short shorts with bikini tops or 3 layered sweaters. The tables were covered with overpriced shorts, shirts, and sweaters, strewn about by desperate customers searching for the perfect outfit. The sales people who roamed the floors were definitions of cool themselves -- ranging from age 16-22, they modeled their employee discounts in a haughty way which encouraged the customers to strive for their ultra-hip look. And strive the customers did. What was the most noticeable upon entering the store (besides the blaringly loud music which made me wonder if I was at a clothing store or a dance club) were the herds of desperate young men and women, who seemed to range from age 12-25, strutting around the store and searching for anything that had the name A&F on it. I can only imaging how many nights of baby-sitting it would take some of these eager teenagers to buy one sweater. The young custome...
Provides a unique atmosphere - Their large open stores, packed with designer brands, gives an elegant feeling, with light colored walls that can’t be found at your local drug store. Also, with a low-pressure sales strategy they provide a very relaxed shopping experience.
The branding Ms. Klein wrote about only appears to work because the idea of “choice” as defined by the brick-and-mortar retailers is an illusion. Anyone entering a department store or mall understands this quiet truth. There are many styles to choose from, it seems, b...
Lululemon, a premium yoga-focused retail chain, serves two market segments. One segment consists of consumers who are characterized as “trendy urban” and the other segment consists of “wealthy” consumers. The “trendy urban” segment, in summary, is fashion oriented or active women who live in metropolitan areas. The “wealthy” market segment is affluent women who live in either urban or suburban areas. As discussed below, these two market segments are defined by differences in demographics, geography as well as behavioral and psychographic characteristics.
The real success beyond LV is about segmenting its unique products. According to the “Louis Vuitton and the diamond model” figure 16 the importance of the products are displayed in a diamond figure. This categorization approach about LV’s products not only segment its unique products but also is an example of how a globally well known successful brand achieve its mission in the luxury market.According to the figure 17 above, the potential contribution of the Asian consumers to the fashion leather goods category provided a different age for the brand (LVMH 2012 a: 11). It is important to highlight that Asia as a geographic region has the potential to support the growth of the revenues of the brand. Moreover, Japan is a unique country other than Asia because Japan makes 3.107 M € revenue by itself except from Asia which makes 7,895 M € revenue LVMH (2013d).According to the figure 18 above, the company shares for the the bags and luggage categories retail value is in an increasing trend according to the years between 2008-2012. This shows that there is still a demand potential for the products in this category despite the increase of prices on early basis. (Euromonitor International 2013 e).According to the figure 19 above, it is important for Louis Vuitton to be in a growing trend approximately every year. On the otherhand, it’s growing trend will help to realize it’s own paticular position compared to the luxury sector. (Interbrand 2013c).The revenue by business group growth percentages are different for 2011and 2012 compared to H1 2012 AND H1 2013 for LVMH group.Especially for “fashion leather goods” the 2011 and 2012 was more profitable compared to 2012 to 2013. What is common among the business categories is that the most re...
Winter is my favorite season because many holidays happen from November to January such as Halloween, Thanksgiving, and Christmas. During the holiday, we are living in a exciting and happy atmosphere, especially in New York City. When I was walking on the fifth avenue, I saw the Saks Fifth Avenue windows provide more elements for Christmas time. This year the window’s theme is “The Winter Palace”. However, I cannot see the same Christmas elements in other store’s windows such as Louis Vuitton, Christian Dior, and Fendi. After I visited these store’s window, I figured out why the windows are different. Because Saks has different purpose and history with other store.
Ron Johnson spent a great deal of time and money to promote his ideas of “stores-within-stores” by turning floor space into an area to house several branded boutiques. He did this in order to attract a target market of a wider demographic which includes age, gender, and generation. One of the m...
In designing the buildings, the storefront is a key focus, with its large public doors, heavy use of glass, display windows, and entrance signage. Much like today, a storefront often serves as its own advertisement to pedestrians or drivers passing by and as such becomes a heavy focus for a store’s design. As in the case of the Kress stores they established their brand in a shiny gold handwritten font over a green back...
The artist used colors and light to draw one’s attention to the diner and the people in it and then to the only character not facing the viewer. This emphasis with the use of colors and light means “that our attention is drawn more to certain parts of a composition than to others” (Getlein 127); when the emphasis is on “a relatively small, clearly defined area” (Getlein 127) this is called a focal point. The focal point in this piece of art is not only the brightly lit diner sitting on the corner of an empty intersection, but also within the diner, where the eye is drawn to the individuals in the diner. In addition, the woman stands out in particular because of her red dress and the bright color of her
In case of Langham Place, it was positioned as trendy landmark in Hong Kong. There are different themes for different area, such as beauty, causal wear, food court and restaurants. Each area groups shops with the same characteristics. Theming of Langham Place, on one hand, provides convenience to customers who have clear target on what they want to buy. On the other hand, the classification of different shops could build up a unique atmos...
Profile My cousin sister, Punam Sharma runs a clothing store in city centre, Kathmandu, Nepal. We were growing together, and I know how she has grown her business from a small retail shop to a big clothing store. It is all possible due to her hard work. Before, she could not afford to buy more products, but now she imports products from Thailand and Bangkok. Her good interpersonal skills helped to earn many customers and she is a successful independent woman.
The coffee shop I decided to do my observation was the well known Starbucks just a couple blocks away. The reason I chose this coffee shop was because of it 's style inside, it attracted me. For example, one side of the wall has a glass top, and the lower part of the wall, made of wood and painted in a bright red color, which was one thing that attracted me and stood out. Outside of the shop people can actually see through the glass wall and get to see what’s happening inside of the coffeeshop. By the entrance you see these two red ceiling lamps which were shaped in a flower bud and these two tall green plants. Once you were in, on the right of the shop there was a counter with food and things to put in your drinks such as milk, sugar, chocolate, etc and the colors and how the food was displayed and served was appealing to my eyes. Behind that counter there was a long table with different electronic devices plugged into the wall. On the middle of the those there is a fridge just for ice and when I turned to the other side and I noticed a big menu on the wall. Further more into the shop, there was an area filled with tables, chairs, and sofas. The tables were in different shapes, one was round and the others rectangular, also there was four bamboo baskets and I looked around and noticed that the walls in that area were decorated with paintings.
Although there will not be the ‘exclusivity’ appeal as many copies of an item of clothing is made, the price reduction will attract customers making them strong competitors in the market. Based on the primary resource found, the surveys depicted that majority (7 out of 13 volunteers) found Mr Price to have low prices and high quality items. When asked about Mr Prices strengths 8 out of 13 (61.5%) indicated that affordable clothing was a strength and is the reason they shop there. 3 out of 13 (23.1%) said they were easily
In a simple way, the retailer needs to create a warm, friendly and an approachable retail space to attract consumers.The visual displays is an imperative element of branding of any store. If the stock is presentable, it is bound to appeal to the shoppers. If the shoppers appreciate the store layout and product, they are likely to spend more time in the store, and in return reward the store with sales. Along with the products for sales, the staff, the décor, the store interiors, the trial rooms arrangement, the lightings and music also form an inclusive elements boosting store sales. (fibre2fashion, 2008)