Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Contemporary brand management
The concept of brand strategy
Competitive analysis for clothing industry
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Contemporary brand management
1. Introduction
The main focus of this paper is to discuss about the brand named "Gucci", the Italian fashion and luxury accessories house and to discuss about the main marketing issues including different strategies such as product and service strategies, branding strategies and the leadership within the company, innovation and global marketing strategies, and also the different types of the contemporary issues with the effective future developments within company and strategies as well.
2. Fashion industry
Fashion is a huge industry, when it is utilized as a part of ordinary discourse generally shopping of attire, jewelleries and shoes that comes as a primary concern. Design is one of the greatest commercial enterprises with a high level of rivalry which obliges organizations to separate themselves. The separation alludes to having a remarkable item additionally in the route in which the item is displayed available. It is insufficient for the organization to have a excellent and popular item; the organization must connect with their item to the costumer furthermore position themselves available. This may be one of its greatest tests for the organization because of the way that the purchaser regularly gets an over-burden of data about design news offered by distinctive organizations. When the organization chooses what exercises, movements and methods will be taken in limited time reason an examination of the business sector, contenders and deals ought to be carried out (Baykal & Delagarde, 2012).
One variable that has ended up progressively imperative in the brand business is the brand of the item. The logotype of an item can have a deeper significance than simply to identify the item and the organization who processed it....
... middle of paper ...
...ucci revels in collaborations from the interrelationships between its different portions. For instance an effective attire line could drive deals into frill that supplement the line. Advertising fights could be intended to highlight numerous items e.g. A clothing photograph shoot could emphasize all other cowhide products, for example, satchels, watches and so on.
The most paramount characteristic in any enterprise is its labour. Separate this ability pool from an association, then you are just left with an unfilled building. To this end, Gucci puts intensely in its representative base by courting top ability in its outline group through impetuses, for example, benefit offering, for others offering them a freehand in their innovative authority. Noteworthy speculations have additionally been made in preparing store workers to improve the client shopping background.
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.
People are often deceived by some famous brands, which they will buy as useless commodities to feel they are distinctive. People require brands to experience the feeling of being special. People spend their money to have something from famous brands, like a bag from Coach or Louis Vuitton which they think they need, yet all that is just people’s wants. Steve McKevitt claims that people give more thought on features or brands when they need to buy a product, “It might even be the case that you do need a phone to carry out your work and a car to get around in, but what brand it is and, to a large extent, what features it has are really just want” (McKevitt, 145), which that means people care about brands more than their needs. Having shoes from Louis Vuitton or shoes that cost $30 it is designed for the same use.
In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.
The principles of marketing (The Times 100, n.d) are a range of processes concerned with finding out what consumers want, and providing it for them. This involves the ‘4ps’ of marketing; price, place, product and promotion. The product decision in any company involves dealing with goods that should be offered to a group of customers (Jobber & Ellis-Chadwick, 2012). Burberry maintains a product line with great width and scope in which their products fall into two main categories; fashion or continuity. Their fashion products are designed to be responsive to fashion trends and are introduced on a collection to collection basis (Burberry, n.d). Continuity products however have life cycles that are expected to last for a certain time period. Burberry also has 3 primary collections; womenswear, menswear and accessories, with the variety of products they can utilize their product mix greatly. Burberry also has...
Fashion has been around ever since ancient times, since the time of the Romans, it survived the world wars and is yet today a business with rapid changes. Fashion started off as an art form, a way for the riches to show their social status with unique and innovative designs that only they could afford. It was a way to separate the social classes of the society. In this paper I will include the creator of haute couture, and how the following designers developed couture, as well as having leading names in today’s ready-to-wear industry. The list is long, but I chose to focus on the three most important designers of the modern fashion industry.
Accardo, A., 1997. Introduction à une Sociologie Critique. Paris: Le Mascaret. Quoted by Entwistle, J and Rocamora, A, 2006. The Field of Fashion Materialized: A Study of London Fashion Week. London: Sage.
“Despite worldwide softness in the sale of luxury goods, LVMH has cemented its position as the world’s largest and most profitable player in the category. To stay there it must keep its customers loyal and its brand strong and find new markets worldwide” (Hazlett C. 2004). That is why in its mission they state to represent the most refined qualities of Western “ art de vivre” all around the world. Their objective is to be the leader in the luxury market, continuing to transmit elegance and creativity. This poses some major challenges, the main one is to keep being the leader in the luxury market through a sustainable growth. The main problem to achieve it is the high dependency on three main countries, France, Japan and USA. This becomes a threat because if there is an economic downturn in one country it affects LVMH directly that is why.
Polo Ralph Lauren’s key success factors derive from the company’s powerful identity. It is notorious for it preppy American style in the designer world, but it is also luxurious, elegant and thrives to always be a classic. It appeals to a wide range of consumers, even if a person doesn’t wear Polo they are at least familiar with what it is. The way the company markets itself is also a big part of its success. For a company that started out less than 50 years a...
Its luxury brand fashion from England. That has a problem the chav attack but become successful again which communication strategy to change the brand image thought digital media. It is Burberry, many believe, which is setting the agenda for luxury brands as they turn to digital to supplement offline sales, develop revenue streams, broaden their reach and appeal to a new generation of younger, affluent consumers (M. Phan et al., cited in New Media Age, 2010). There use online marketing strategy to promote their product through social media such as Facebook, Twitter and YouTube. Burberry was ranked the most popular FTSE100 Company on Facebook and Twitter, according to a report by social media agency Three-D in 2011(M. Phan et al., cited in Retail Week, 2011). But in the 2000’s Burberry has a problem the chav attack. That impact customer avoided buying it and that impact the Burberry companies nearly bankrupt. The chavs is young people that has characterized by brash, loutish and anti-social behavior. The hype did not even yield growing sales for Burberry as most of its low-income fans were satisfied with counterfeited products (M. Phan et al., cited in Power & Hauge, 2008). But Burberry become successful again. An essential part of the brand revitalization was an aggressive communication strategy to change the brand image. Advertising campaigns were shot by Mario Testing, one of the world’s most celebrated fashion photographers, and pictured
Fast Fashion may be the most significant disruptive in the retail industry today. Troublesome novelties, or product or services, that alter an prevailing market by presenting minimalism, suitability, convenience and affordability, have the most positive influence on a company. Because fashion is ever changing and technology is always evolving the amount of production time it takes for something to be manufactured
1 Their desired positioning for Gucci is to create a luxury goods firm with limited distribution targeting exclusive clientele and reinvent Gucci as classic brand . They wanted to reduce over distribution , over expansion and product availability everywhere . They wanted to get rid of images / an image / the image that anybody can own a Gucci product and bring back the premium product image . Their target customers were classic , older , conservative and exclusive clientele in upper reaches of market with high brand loyalty . They were right about bringing back luxury product images but they reduced one too many products too fast without any replacement products . They were right about reducing numbers / a number / the number of products because
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
Companies use a collection of brand equities to represent their products in the market (Voolnes, 2012). Brand equity refers to the commercial value that is derived from the perception of consumers on any given brand name of particular products in the market as opposed to the product itself. Ataman (2003) notes that the effect to the consumer is in the brand name and not the product itself. Companies use logos, trademarks and a collection of other symbols to present this information to the customers. The use of these symbols is meant to try and capture the customer mindset so that they can be thinking about the company products at all times through the items they possess at home (Estes, Gibbert, Guest, & Mazursk, 2012). This can well be explained by use of the customer-based brand equity model that brings together the requirements for a publicly renowned brand in the market.
Being at the decisive starting point of the entire fashion chain, the fashion designer plays a vital role in their design creations, in deciding what is “in”, and as such what is the ideal in terms
Branding on consumer purchase decisions. In order to comply with this a questionnaire was prepared and survey has been conducted among 100 respondents and data revealed that brands have strong influence on purchase decision.