Competitive Advantage
Customer Loyalty
• Brand Image:
Uniqlo has built up brand awareness through advertising and marketing. Uniqlo eventually got its message “high quality, fashionable pieces in lots of colour at reasonable prices” across.
• Positioning:
Uniqlo has positioned itself as the world’s only LifeWear Brand. LifeWear is comfortable everyday clothes for a better life as a result of its high quality, fashionable and affordable characteristics. (Refer to Figure 1)
• Unique Merchandise:
The name “UNIQLO” is a contraction of the words “Unique Clothing”. As its name suggest, Uniqlo does not follow trends but instead offers unique merchandise. Although their major competitors are fast-fashion retailers, they do not consider themselves
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The AIRism lines for women, men and kids also have different functions to cater to their needs. There are also different functions for the women and men lines of AIRism. (Refer to Figure 3)
• Customer Service:
Uniqlo is passionate about customer service, which they called the ‘Uniqlo Way’. Employees in Uniqlo stores worldwide would gather together every morning to recite ‘The Behaviours’. It is a series of phrases that defines customer service. They would have to say out loud to their pairs, facing each other, the six standard phrases for introducing themselves, asking how the customers are and thanking them for waiting etc. (Refer to Figure 4) Employees are required to use a minimum of four of the phrases or otherwise, they would have failed in delivering good customer service.
• Customer Relationship Management
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(Refer to figure 5) Using this model, Uniqlo was able to successfully differentiate itself from other retailers by developing unique products based on innovations than fashion trends. They are able to make quick adjustments to the production according to the latest sales trends and minimise store operation costs. This has allowed Uniqlo to sell high-quality clothes at affordable prices. Uniqlo is now working on a new supply chain that combines both their real and virtual business together. They have engaged one of Japan’s largest home builders, Daiwa House Industry, to help construct a state-of-the-art distribution center in Tokyo. Uniqlo hopes to create an entirely new way of shopping by revolutionising distribution systems worldwide. For example, if a store runs out of the product a customer wants, Uniqlo would be able to order it from their virtual store and have it delivered to the customer by the time they reach
Those words are best used in a message taking scenario. Research show that one should greet, identify your company, tell them who they are speaking to and ask how you may assist/help them, e.g. “Good day, this is Ster Kinekor, You are speaking with Mary. How may I help you?” 2. Correct answer is C. Be sure you let the customer know that help is on the way.
It is important to note that Clifton is informal in this article because he wants to explain to his audience, which are people who want to understand adolescents why they want Supreme’s goods. In a part of this article, he is criticizing people for their decisions when he says “But that's fine..even if it's just a pair of boxer shorts”. It makes the audience feel as if he is talking directly to them as if they are having a conversation where he is explaining them the reasoning behind these millennia’s choices. Clifton makes a great point at the end of the article when he says that they are riding on their “authenticity” and if Supreme keeps opening new stores, they will lose all of their credibility. He shows his readers that everything that makes it unique will soon disappear, so he inquires why they would want to buy it later
As of December 31, 2016, Under Armour had approximately 151 factory house stores in North America, primarily located in outlet centers throughout the U.S. Under Armour’s products reach consumers by a combination of two distribution channels, i.e. hybrid distribution channel. The hybrid channel comprises both direct and indirect channels. Its distribution system is made of national and regional distributors as well as independent and specialty retailers. Direct Distribution channel is implemented through company owned Under Armour stores and its online shopping website (www.underarmour.com). Direct distribution accounts for an estimated 20% of total
The road to becoming a legitimate competitor has been tough, specifically because of the competitive nature that exists between firms in the same market. The market structure, determinants of supply and demand, and future outlook of the company can help us see the state and performance of Under Armour. Under Armour’s is an example of a monopolistic competition, meaning they have aspects of a perfect competition market structure, but their products are not the same as its competitors. As mentioned above, Under Armour’s main competition is both Nike and Adidas. Recently, Adidas has
This prompt drives all of our actions, changes, and decisions. T-shirts labeled with this phrase are placed throughout the organization: the lunch room, conference rooms, and lobby. Their presence calls to mind the importance of serving the customer in the best way possible. This service requires different actions of each employee dependent on their role and responsibilities within the organization. Many employees have no direct contact with customers, but instead, handle their documents.
As mentioned earlier, the products of Louis Vuitton are fashion based that range from leather goods to ready to wear, from luxury trunks to shoes, jewellery, watches, sunglasses, books and accessories. Louis Vuitton is pioneer in the global based fashion houses and the the products are offered through lease departments in high end department stores, e-commerce website and standalone boutiques. Louis Vuitton is found to be the significant luxurious fashion based brand while being a standout among numerous world 's profitable brands due to the fact that the profit margin approaches to 40 percent at most. From six back to back years i.e. from 2006-2012, It has been named as the most valuable luxury brand globally.
The company Fast Retailing Co., Ltd was found and established on 1 May 1963 in Japan by Tadashi Yanai. Presently, they have launched several apparel and lifestyle brand of UNIQLO, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand. UNIQLO was first, to be introduced by Fast Retailing in 1984. It was a brand created to provide comfortable causal clothing to everyone, women, men, kids and babies. A lifestyle wear that was made for all, for everyday activities.
INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees
The company’s logo and monogram being seen on their products is something which is easily recognized by every customer. It is not only well known but has a rich history. Louis Vuitton is known globally and has a strong image in Singapore, China, Hong Kong and Japan which are leading financial hubs and individuals with high net worth. Largest luxury brand with exclusivity Traditional craftsmanship is not compromised by Louis Vuitton as these products are made to fine details and of exquisite material, discount and promotion does not happen and defective products are disposed immediately as written in their policy. Louis Vuitton products are highly priced due to superior quality, degree of scarcity and exclusivity.
In 2005, Closets Company needed to secure its future through development. Growth took two principle forms: expanding the scope of the organization's current output and diversifying the range of its products. Through expanding output in its primary businesses, it hoped to accomplish economies of scale that would enable it to contend in world markets. Moreover, by widening its product scope, the organization spread its risks and made itself less helpless against downturns in a specific zone of its business. This approach changed Closets Company from a mainly UK and British business- united to a solitary strong clothing brand- into a global business with significant interests in Closets and fashion around the world.
Firstly, shareholders including investors, owners, partners, directors, people owning shares or stock, banks and anyone having a financial stake in the business. Shareholders continuously invest and trust in making the best decisions for Uniqlo. They see Uniqlo as worthy and continue lend the market share. To have a lot of buyers, real competitors within the field, Uniqlo should communicate openly and give them a regular return on investment, re-pay loans in full and on time. FR Co. Ltd (Uniqlo) shares information & business operations fairness maximizing in the values to corporate and growth internationally.
Starting as just a mail-order business with some retailers, it quickly opened new manufacturing facilities, starting with New England in the early 1980s as well as it signed contracts with other international distributors. While producing at lower costs outside the US, New Balance sold its shoes at a higher price than the average market and started to have huge sales anyways. Moreover, what makes New Balance’s operation strategy unique is that they offer their shoes in multiple widths and always have inventory in case the retailers get out of stock. This supports directly two of New Balance’s main competitive objectives being first that they want their customers to feel uniquely served by offering several widths of their shoes for different kind of feet and letting the customer not wait for the delivery of the shoes but always having inventory to push into the retail stores in case of scarcity. A good customer experience is one of their key competitive
Our customers actually go additional miles to out shop for better quality and variety of stock, higher nature of individual administration, a more wonderful shopping atmospherics, and more focused costs (Guo and Wang, 2009). In-store advancement procedures are utilized to increment unplanned purchases of items. The strategies incorporate into store settings, on-rack positions, price off, inspecting, and purpose of procurement presentations, coupons, and demonstrations of samples to give some examples. Kessler (2004) calls attention to that retailer worldwide is mindful of their developing force, as well as flex their muscles and press edges routinely.
UNIQLO: BUSINESS MODEL • Uniqlo was the first company in Japan with an SPA (Specialty store retailer of Private label Apparel)* business model which means that they handle all stages of business right from design to production and sales. • They have been continuously developing their products over the years. Keeping in mind the consumer needs, they manufacture goods reflecting the latest trends. This helps them reduce the store operation costs, which in turn enables them to produce goods at such affordable prices.
- idea and see which one is the one that would work better, trying to be unique. • Self-management competencies - Flexibility: I normally adapt myself to every single situation, I very open mind which make me be flexible. When I change from MetroPcs to Chase was a big chance and a lot of new changes for me, I adapt myself very quickly to the new changes. - Self-control: I always keep my emotions under control, working with customer sometimes can be very hard, I learn with time not to take their comments personal, so always try to keep my emotions under control even in difficult moments and stressful situation, always trying to be as calm as I can to solve the problem. - Enthusiasm: I always try to be happy, be positive, see the bright side.