Make Up Industry Marketing

5152 Words11 Pages

I. Introduction.

The focus of the project is on the prestige department store women's color facial makeup in the United States. We conducted our research of this category by magazine, newspaper, Internet, and over the counter knowledge. During research we found that Lancôme, Estee Lauder, and Clinique were the top-selling prestige facial makeup brands in the United States. Lancôme, is under the wing of parent company L'Oreal, and was founded in 1935. Estee Lauder was founded in 1946 and Estee Lauder Companies founded Clinique in 1968. Their target market ranges from women 18-45 years of age and its specific focus is professional Generation X women. In this paper, we will be discussing the makeup industry, and specifically, the three prestige companies that we have chosen to focus on. We will look at their advertising, positioning, and their marketing communication strategy.

II. Industry.

We decided to focus our attention on women's prestige color facial makeup in the US. The reason we chose this segment is because it has been growing significantly over the past couple of years. Color cosmetics are of a special interest to us because there have been significant developments in this segment recently. "One of the fastest growing markets is color cosmetics where an aging population and an increase in working women has contributed to a 12% increase from 1995-1999." (Imogen, 2000) This segment of the market is forecasted to reach over $23.6 billion worldwide by the year 2003. (Schervish, 2000)

In order to differentiate themselves from others, companies have to create strong brand awareness. Because the products are made out of the same components and do not vary greatly from each other, the only way companies c...

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...t Analysis (2000), The Prestige Cosmetics and Toiletries Overview, Expose,

August (magazine article)

Elcompanies, (2002), http://www.elcompanies.com (internet article)

Estee Lauder, (2002), http://www.esteelauder.com (internet article)

Imogen, Matthew (2000), Review of Trends, In-Cosmetics 2003, July (internet article)

Lancôme, (2002), http://www.lancome.com (internet article)

L'Oreal, (2002), http://www.loreal.com (internet article)

Schervish, Susan (2000), Trends in Cosmetics, Expose, February (magazine article)

Shimp, Terrence (2003), Advertising, Promotion, & Supplemental Aspects of Integrated

Marketing Communications, Sixth Edition, Thomson South-Western, Mason, Ohio. (book)

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