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The influence of the fashion industry 2000-current
Clothing industry analysis
Fast fashion industry growth
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Kate Spade Turns Risk into Opportunities Kate Spade and her boyfriend now husband, Andy Spade have realized that women’s fashion is lacking in fashionable but functional bags. Hence, they started a company that focuses on this field. Their mission was: “To develop a well-edited line of fashionable, but not “trendy” handbags.” Their vision was: “Developing product line and approximately positioning the company in both domestic and global marketplace.” (Case) Their objective was: “To create products that combine great personal style with long-lasting utility.” Describe the key decisions that Kate and Andy faced in the start-up of their company. The key decisions that Kate and Andy faced in the start-up of their company were, Kate had to …show more content…
Another option for Kate Spade, is to start another company under Kate Spade, For example Hilton Hotels and Garden Inn by Hilton. The idea to come up with a company that others can attract all people with all sorts of income might bring the company back up. You do the research How did Kate Spade develop its e-commerce operation? Kate Spade developed its e-commerce operation in 2005. The company is very proud of its store-to-web and web-to-store cross development making it almost impossible to read the growth of one channel without the other. How might Kate Spade further utilize information technology to help fuel continuing global expansion? Brand consistency – brand comes first ensuring long term growth 2. Growth in existing markets – growth will come by increasing market share through additional door rollouts, comp sales, and launching new categories like watches 3. Product – prioritizing initiatives including Asian fashion fit and creating special products to celebrate holidays like Chinese New
Karolina Swietoniowska, the young, youthful, educated and passionate owner of Korra dancewear has been in business, trying to live her dream of designing dancewear clothes for the past three years. Sales have been however very slow for her, given that she had other priorities to take care of, she is now looking to improve her position as a businessman and increase her scale of business and expand and grow. Capital and experience constraints have been pulling her down and she is struggling to make her mark on the market. There are other very strong competitors in the market, functioning with very different
Open new stores in China and start new branches in India (second largest population in the world).
Fourth problem- Demographic data on the two stores, Cotati, and Santa Rosa are closely related. A decision needs to be made on which store to purchase, or to purchase both stores. Can Oliver Market make a profit with these stores is the question. Also Steve and Tom need to think about their competitor best and weak strategy and who are entering in the demographic markets as well as which rivals are strong candidates to expand their product offering and enter new product segments where they do not currently have a presence.
Sales - Sales growth is projected at a constant rate of 90% annually, which based on growth from existing channels of distribution and positioning
Under-the-Shoulder: Handbags are small in size and fit tightly underneath the shoulder. These handbags indicate class and sophistication. As usual, women working in an upscale office or someone of high stature would choose this form of handbag.
The purpose of this case analysis is to provide a framework for making strategic marketing decisions by: 1) documenting the internal and external environment, 2) understanding the strengths, weaknesses, opportunities and threats, 3) identifying the opportunity, 4) developing and evaluating alternatives, and 5) make a recommendation based on organizational strengths.
For Burberry, it recently closed 17 and opened 18 stores in Dubai, London, Moscow, New York, Seoul and Tokyo. Its various channel of distributions like retail, wholesale and licensing can help to expand those opportunities to the company. However, it seems that Burberry rely too much in Chinese market both in region or as tourists with approximately 30% of its sales in Chinese market (Financial times 2016). As mentioned in PESTEL, if the Chinese market experience the decline or political issue, it will significantly influence the sales and performance. Moreover, the company is also trying to attract the young generation for future
The business model that sets Zara apart from other clothing retailers is how rapidly the company changes stocks and releases new product lineups. The company averages 12-16 collections annually which equates to more than one lineup a month. Due to stock being limited and the rapid production Zara brings forth, their items are viewed as exclusive promoting further business. Their customers are happy knowing that their specific article of clothing is more “rare” due to only having an average of a two-week window to purchase the clothing. The company specifically targets current trends and has them in the store within 30 days. This maintains the brand’s uniqueness and relativity in fashion.
So, what should marketing and sales directors do to capture this elusive market? Below are major factors to be mindful about:
Petro, G. (2012, November 5). The future of fashion retailing --- the H&M approach (part 3 of 3). Retrieved from http://www.forbes.com/sites/gregpetro/2012/11/05/the-future-of-fashion-retailing-the-hm-approach-part-3-of-3/
The high pressure luxury brand industry has evolved over the last few decades from a small and selective to a multibillion dollar arena offering significant potential and growth opportunity for the luxury brands that compete within its realm. With many luxury brands competing for over $225 billion (The Economist, 2009) in revenue each year it is easy to see how strategy plays an important role.
“Variety is the only constant” such is the saying of Heraclitus. What was true a century back holds true even today. A gradual change is the undercurrent of time. Change is in the air and retail business cannot lag behind. Plan your change model, check out the long-term and short-term strategies and alter the entire retail landscape. From ancient times till now, it's always about survival of the fittest. Evolving your business to survive whether it’s a high end retail chain selling luxury watches, jewelry or handbag planning a good business scheme for international expansion becomes crucial. Targeting the market in Shanghai, China is a good option for a short-term and small scale change in the business organization. Once you start doing a brisk business, you can invest more in countries like Brazil, Russia, India and China (the B.R.I.C), for opening up additional retail stores for long-term and large-scale business.
...s determined the direction of the business that it has to be strong and the company came up which these strategies which are
The most essential element of a women’s wardrobe and is also functional and fashionable is a handbag or purse. A purse can be defined as a small bag or a case for caring essential items. There are multiple kinds of purses, some of the most popular ones are; totes, handbags, and pocketbooks. Whichever name you use when describing your purse, they are an items lusted by many women. The inside of a women’s purse is just as unique as women’s personally. Every women caries different items in there purse that they consider essential to them. Some of the most common items that you can find in almost every purse are; keys, phones, wallets, makeup bags, and other essential items women consider important. By the late twentieth century, purses evolved from accessories used for carrying personal items to status symbols that could be priced at thousands of dollars.
The Hobo Bag: Traditionally, is a casual design that can be carried by both women and men. Hobo is now an actual brand name.