Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Globalization marketing strategy
Global market entry strategies
Globalization marketing strategy
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Needs completing
The Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's, and children’s clothing under the Tommy Hilfiger trademarks. The Tommy Hilfiger Corporations major product is clothing which is broken into two major product categories men’s and women’s clothing.
Tommy Hilfiger has an aggressive market development strategy with diversifying and pursuing markets that are already carried by the company. The company has taken their success in the U.S and found comparable markets overseas with a great deal of success. The company is strongest in the US because of sheer volumes. They are the fastest growing in Europe. They are also the No 1 designer brand in Central America, South America and Canada. The company holds steady in the top ten in Japan with lots of competition. The business is also strong in South-East Asian markets like Hong Kong, Taiwan, Korea, and Singapore. Tommy Hilfiger is currently setting up all over China and considers India its new horizon.
The company’s market development is strong and growing with each quarterly report. They offer new products to existing target markets worldwide and are also exploring the involvement in products without the Tommy Hilfiger namesake. Through a range of strategic licensing agreements, the Company offers a broad array of related apparel, accessories, footwear, fragrance and home furnishings. The Company's products can be found in leading department and specialty stores throughout the United States, Canada, Europe, Mexico, Central and South America, Japan, Hong Kong and other countries in the Far East, as well as the Company's own network of specialty and outlet stores in the United States, Canada and Europe. www.tommyhilfiger.com
Tommy Hilfiger has a competitive advantage compared to its competitors. There product mix is what gives them the advantage on competitors like Sean John, Phat Pharm, Ecko and Enyce. With other competitors like Nautica and Polo, they compete on similar grounds, but lead them with the shear diversity of their product mix. Both Polo and Ralph Lauren are legendary brands, but Tommy Hilfiger has done and outstanding job with micromarketing and appealing to the core of fashion buyers.
Tommy Hilfiger leaves his urban competition behind with his strong International markets and the ability to open new markets where fashion has not been a top sale. Within the volatile industry of fashion, Tommy Hilfiger is seen as a much more stable brand. Their product appeals to a larger segment of the U.
Their reputation as the go-to place for alternative youth culture may come from the line of clothing they offer, but it also stems from their specialized staff and website. Hot Topic works hard at hiring people who can portray the store's cutting edge image. Because of this effort, the staff is able to offer advice for how to wear or use any item the store carries. Their website is also a source for advice on how to put the whole look together as well as stay abreast of the newest fads in fashion. In addition to clothing, Hot Topic also carries a specialized selection of music, magazines, toys, shoes, accessories, and novelty items. One of their greatest strengths is their ability to cater to any "fashion fad".
... fashion industry. I believe through all of their marketing tactics and great leadership they will continue to thrive. Although I am not a customer of the brand, I have found great interest in completing this product to explore and expand and broaden my fashion in the brand. The company has had consistent sales increase and if it continues to utilize its business plans wisely, I believe it will continue to increase.
It brings a strong brand image of Topman based on the successful achievement of the consumer’s mindset. Strong brand image builds confidence and reliability in Topman’s product. In a nutshell, expanding Topman’s market in Vietnam has a strong potential to gain sustainable profit. Topman has their very own website where customers are able to do online purchases. This indicates that Topman products are not only sold in retail outlets but also through the internet.
Today Tommy Hilfiger labels grace everyone from President Bill Clinton to rapper Snoop Doggy Dogg and that wide range of clientele accounts for the company selling $756.9 million dollars' worth of merchandise each year. Last year, Tommy Hilfiger Corporation (TOM) was one of the top apparel firms traded on the New York Stock Exchange.
L.A. Gear is an athletic shoe manufacturer that is struggling in the athletic footwear industry. The company is ranked number three following Nike and Reebok. L.A. Gear is well known to its female customers due to their fashionable shoe line. To be able to gain some ground on the other shoe manufacturers L.A. Gear is going to have to develop a men's shoe line and capture some of the male buyers. This is not going to be an easy task since Nike and Reebok spend an extensive amount of money on their advertising campaigns including celebrity spokesmen. L.A. gear not only needs to capture the male buyers but they also need to maintain their female customers so a delicate balance is needed. An extensive research and marketing campaign will be necessary to penetrate this market and still maintain its loyal customers and brand recognition. Once the research is gathered a full scale marketing campaign will follow once the new direction of the company is determined.
Holt Renfrew’s main customer base is high end. Customers that are looking for various high end name brands can find many at Holt Renfrew such as Prada, Dior, Stella McCartney, etc. and they can find clothes, accessories, shoes, and makeup.
What makes a person choose one brand of clothing over another? Is it the price? Or is it the style of the clothing? There are numerous factors that will play a key role in determining who will purchase your products and why they will choose to purchase your product. Kevin Plank, the founder of Under Armour and former captain of the special teams on Maryland University’s football team, would become infuriated at the amount of times he was forced to change his undershirt during games and practices due to how heavy with sweat they would become. He set out to create a shirt that would help keep an athlete cool and dry during intense physical activity. This simple idea would develop into a powerhouse in the sports apparel industry and has broken into the sports equipment industry as well.
Polo Ralph Lauren the brand has become one of successful brand in America and across the world, as a well-known player in the design and lifestyle industry, under bender Polo Ralph Lauren collection of product range from reasonably inexpensive to expensive brand in men’s, women’s and children wear, accessories, perfumes and home furnishings. Widely seen as the number one brand that symbolize the American Style, Polo Ralph Lauren has implemented to its marketing strategy, which has leaded they to become a strong brand equity since being set up. Also, the brand has been selling its goods internationally, while it has kept up with its 45 years reputation and distinctive image developed across the different products and brands markets. Due to its marketing tools and its high quality brand image, this luxury brand keeps a constant relationship with its customers. Ralph is a truly inspired and continuously aspiring designer. (Garvin, 2008)
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 source of the brand features is in a connection between customers and companies that sell services or products. Consumers who choose a specific company fundamentally acknowledge to prefer that brand more than other brands rooted from the recognition of the brand’s worth.
H&M is the world’s second largest retailer, only behind its main rival Zara of Inditex (Petro, 2012). The company currently has 3006 stores in 53 countries. The company does not own any factories. H&M outsources production to network of 800 independent suppliers; 75% in Asia and 25% in Europe. In order to increase the efficiency and productivity of its supply chain, the company strategically locates its network of 20 to 30 production offices close to its suppliers. According to Stockholm Newsroom, the pretax profit of the company for the month of June to August of 2013 is $907 million, which indicates an 11 rise in turnover (Pollard, 2013). The company continuous development plan facilitates its goal for both brick and mortar, and online stores expansion worldwide. The target segments for H&M, a category specialist store, are trendsetters and fashion/money conscious males and females ranging from 16 to 40 years old with income ranging $15,000 to $60,000 annually.
Tommy Hilfiger who is a American mainstream designer has successfully understood the hip-pop capture and produced very specific fashion items. It has been noticeable that purely street fashion has been rejected by more high end users. In contrary rappers have been mixing luxury labels with more affordable brands. On the other hand, high-end fashion brands actively responded to the interest of rappers by participating to increase their profits.
Within our distinctive brand, we offer selective buyers a broad variety. With or brand rapidly gaining attention among fashion-lovers worldwide, we present to you the opportunity to grow with a distinguished
The Tommy Hilfiger marketing team also coordinates appearances by the designer himself, Tommy Hilfiger, at runway shows, special events, and flagship store openings. PVH's strength lies in the fact that it maintains a strong, diversified brand portfolio that is growing through acquisitions and supported by a model that offers multiple brands and product types globally at different price points and across a range of distribution channels -- from retail to licensing -- allowing PVH to reach a broad range of consumers in various geographic regions thus reducing reliance on any one
The Apparel or clothing industry is a very dynamic market where changes occur in a daily basis. So, rivals within this industry assist to an extreme competition. To make sure that, they stay relevant in the market scene, businesses have to develop creative, innovative and sustainable marketing strategies to attract more customers and increase their brands awareness. Because, this industry has many players, we have chosen one well known company to make our research more specific and well centered. Hennes and Mauritz AB commonly known as H&M is our best choice because, this