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Luxury Brand Marketing English Literature
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External Analysis
Target market/customers
Warby parker is a directly marketing to and catering to young adults and fashion forward individuals. While it is not limiting themselves to other demographics this customer base is cater to both on the website and in the store fronts. With Print and digital advertising that shows attractive, young Geek-Chee models. These advertisements are catering towards a curtain customer preference but the style and the advertisement can appeal to a larger customer base. The Warby Parker was founded on the idea of quality eyewear at an affordable price, which focusing on price and quality would have mass appeal. Well the store fronts are marketing to the city and the community members. Select location covey the
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Luxocittca controlled Ray-Ban. The company is a popular brand of sunglasses with a long history, loyal customers and has great brand recognition. The name is a great asset to the brand. With a Wide range of styles from geck-chee to more modern styles. This brand has a long history of celebrity endorsements and associations, like actors, actress’s musicians, and many politicians even some presidents. Ray-Bans is a brand that brings name association and status in to its promotional image. Ray ban is among the many of the brands that Luxottica owns but ray-ban is a brand that can me mostly associated in style. Many …show more content…
Which is a modern style of eye wear that has catch on with markets and demographics. The firm was founded on an idea of combating expensively price eye wear products. The products that are offered emphasize vintage-inspired eye wear. These simple straight forward designs will cater to a wide range of customers.
Price
Warby Parker has a fast-growing customer base because of its appropriately price products. The company states it with in its vision statement, “Classically crafted eyewear at a revolutionary price point.” The company was founded by young entrepreneurs who want to combat the high price points points that other brands and companies have.
Markets
The market the warby Parker is a growing company that has store front in select cities in the United States. While these stores are going to be focusing in on trendy location, with high foot traffic. Some of these stores are looked in large cities such as Washington D.C., and New York city. These stores are strategically located in these cities both because of the high traffic areas and because of the demographic and the style preferences that are associated with larger
The company then began to broad their inventory, making it more suitable for adolescents to also shop in their retail by adding more classic styles and occasion dresses.
Ray Ban’s mission statement is “Timeless style, authenticity and freedom of expression are the core values of Ray-Ban, a leader in sun and prescription eyewear for generations. From its debut in 1937 with the now-iconic Aviator model created for the American Air Force to today, Ray-Ban has maintained a unique cultural relevance and has become a symbol of cool, worn by celebrities and public figures all around the world”. This mission statement holds the general objectives of the company, and shows their intentions for their visual arguments. The Ray Ban Company intends to be a cool timeless brand that is used by celebrities, and public figures. This particular ad’s intention is to pursue the image of being cool. This is because the ad uses the visual text to compel the audience to not be “mundane”, and makes the claim that Ray Ban sunglasses are the cure for this. Another consideration is the demographic that the company intends to reach with this visual
Montgomery Ward is the name of two generally unique American retail ventures. It can allude either to the outdated mail request and retail chain retailer which worked between 1872 and 2000 or to the first name of the online retailer presently known as Wards. Industry specialists said Montgomery Ward, the 128-year-old retailer that as of late published its end, was the cause all its own problems and was unable to rival other immediate advertising monsters. After the organization affirmed the end of 250 stores and 10 conveyance focuses on Dec. 28, immediate advertising specialists and experts said they were not astounded when the end came. Montgomery Ward, which started list shopping, was described as having neglected to stay aware of the evolving times. It couldn't create a procedure to contend with new confronted organizations, for example, Target Corp, Wal-Mart Stores Inc. what's more other mid-range claim to fame stores that cut into its business.
The company that I chose to research for my company profile paper is on the clothing store Francesca’s. Francesca’s is a boutique like store that contains different women’s fashion trends that range from clothing, jewelry, and shoes. Francesca’s also offers specialty items and gifts that include candles, wall art, and gag gifts (Coltrin, 2010). The reason I chose Francesca’s for this project is because this store interests me. I first started shopping at this store when I was about sixteen years old. The store quickly became very popular for my friends and I as the store offered something that we had never seen before; boutique items for reasonable prices. Francesca’s is becoming increasingly popular among women of all ages that are looking for fashionable one-of-a-kind items without breaking the bank.
In the 1997 article Listening to Khakis, published in the New Yorker, Malcolm Gladwell effectively paints a vivid picture of the thought and science that goes into advertising campaigns. Gladwell begins his paper by focusing on the Dockers’ advertising campaign for their line of adult male khaki pants, which he labels as extremely successful. This campaign was the first line of successful fashion advertisements aimed directly toward adult males (Gladwell, 1997). This campaign was cunningly simple and showed only males wearing the pants being advertised with the background noise filled with men having a casual conversation (Gladwell, 1997). This tactic was used because studies showed that Dockers’ target market felt an absence in adult male friendships. (Gladwell, 1997). The simplicity of the advertisements was accentuated as to not to deter possible customers by creating a fashion based ad because, based on Gladwell’s multiple interviews of advertising experts, males shy away from being viewed as fashion forward or “trying to hard” (Gladwell, 1997).
The company had to be the second largest retailer shop in the US; it has many advantages that come along. The customers well acknowledge the company and its brand have been well established.
As Burberry targeting a Millennial group over the world, there sales associates are also relatively young. 70% of Burberry employees are under 30 with various nationalities (Easton, 2012). Burberry’s sales associates who can work as a powerful brand advocates share a clear picture of the opportunity for the company and understand company’s vision, thus, they understand why ‘trench coat is so important to Burberry (Gersch, 2013). They are
Burberry target audience is designed for both sexes however it is dominated by the female target audience who have a high disposable income. The brand has their own childrenswear range which can appeal to parents but are likely to be people from wealthy backgrounds. Burberry is famous for appealing to celebrities who purchase coats and dresses which have a high end appeal. Burberry focuses more on customer value in order to attract and retain costumers. With the aim to achieve this by producing a marketing concept by meeting and exceeding costumer needs then their rivals.
Giorgio Armani’s target market is kids, women and men. They would have to be quite wealthy as the products sold are expensive to buy compared to other brands. Giorgio Armani has 500 exclusive retail stores in 46 different countries worldwide. Instead of following the latest trends, he creates them
and renowned image. By choosing popular brands that have made their mark in street fashion and
Polo Ralph Lauren not only owned retail stores, but also under other retailers such as Nordstrom, Macy’s, Dillard’s, Belk, Saks Fifth Avenue, and various other retailers. The unique selling proposition of Ralph Lauren brands go about defining themselves as not like the others, is to develop a positioning that’s intended for a narrower target to make them unique. Most luxury brands fall into this fashion unique style categories. Ralph Lauren Company wants potential customers to know all the ways that they are better than others, and as a result their advertising focuses on product benefits. The result is to grab the attention of their customers. The emotional appeal of this brand is to increase your self esteem and leaves you feeling high class and
Miuccia Prada once said that “What you wear is how you present yourself to the world, especially today, when human contacts are so quick. Fashion is instant language”. Miuccia Prada and the Prada brand have grown from humble beginnings making quality leather goods to a public traded company with a current market capitalization of over $26 billion (USD) . With the development of Prada as one of the world’s premier luxury brands it provides an excellent case study to examine how strategy paved the way for the success of the Prada brand. First, an examination of Prada’s strategic positioning against luxury brand rivals Louis Vuitton Hennessey Moet (LVHM) and Kering (Gucci). The acquisition history of Prada will be reviewed, where some preliminary conclusions can be made about what has been contributing factors to both the successes and failures. Then finally, an evaluation of what the future holds for Prada and the sustainability of its competitive advantage.
The company makes high profits every year and heavily markets their product through commercials, billboard ads, and celebrity testimony. Its branding creates customer appreciation and therefore a higher respectability for the actions that the company does for non-profit organizations and worthy causes.
All in one motion, they eliminate a potentially competitive business, as well as gain valuable real estate and employees in their new market. They are able to build their popularity, while at the same time, keeping their outlets in the same area that the local consumers are already familiar with. As the stores begin to make money, the management then begins to reshape the store to look more like traditional Wal-Mart stores. It can then begin to grow outwards into newer and bigger stores in the market. Due to the size and wealth of the company, they are able to use this strategy extremely effectively. There aren’t many other competitors that can effectively implement this
Couture houses such as Coco Chanel, Christian Dior, Schiaparelli, Gimabattista Valli are all among the strongest and longest reputable of global brands that established themselves in Paris at this time. The sustained reputation for the city can be credited not only to the emergence of fashion’s main innovations (such as the little black dress by Chanel) but also the credibility of the city as a centre of fashion. Brands started to use the French legend for their advertisement and fashion houses make their money because ‘Paris’ is part of their logo. They have become a sign of fashion, a fundamental to the understanding of that brand as a fashionable brand. Similarly, can be said for New York’s urban landscape, that brands such as DKNY have adopted the dramatic architectural backdrop as an integral part of their brand-‘clothing and architecture were projected as archetypes of national identity”. Certain films, such as the ‘Devil wears Prada’, or ‘Sex in the City’, which represent Paris as the world of glamour, consolidate this myth of Paris as elegantly chic. Advertisers, photographers, stylists, bloggers unite urban culture with the consumption and experience of fashion. People with jobs in fashion relocate to fashion