Paniagua and Sapena (2014) conceptual framework outlines social marketing, social capital and social networking to impact business performance, this alongside the marketing mix tools used is discussed in this section outlining research on two global fashion companies Topshop and Burberry.
Starting off with social marketing and its impact on financial performance. According to Fill (2013), their research identified that it was important for a business to use a differentiation of marketing tools to achieve positive B2C results, this was with an array of marketing communications mix, it was vital for businesses to engage with their audience and achieve their goals. Social media marketing provides key opportunities for businesses to advance their communications to effectively target their consumers (Kaplan and Haenlein, 2010). Zhu and Chen (2015) researched social marketing by examining the impact of the well-known fashion retailer Topshop, collaborating with Pinterest to encourage shoppers to spread
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Boyd and Ellison (2007) defined social networking sites as a web-based server that allows individuals to construct a profile within a system, to create a list of other users with whom they know and to finally view and navigate their list of connections. SNS have become a major media source whereby which people develop their personal network over the recent years and has become the world’s fastest personal networking tool (Lin and Lu, 2011). Hol, Fernando and Ginige (2017) researched the contributing factors of social networking sites on business performance and found that with effective content sharing and social interaction, had a positive effect on consumers feelings such as trust which caused user actions of sharing, buying, and investing as a result increasing sales and enhancing operational performance. Figure 2 below demonstrates the researched causal model
After making several calculations on both Kohl’s and JCPenny’s finical statements it is clear that Kohl’s is in a better financial position. Starting with over an 8-point gap between Kohl’s 3.50 net profit margin, to JCPenny’s -4.06 net profit margin. This proves that Kohl’s is more profitable making 3.50 dollars of income for every item sold, on average. Kohl’s is the better company to invest in but JCPenney is slowly pulling themselves out of a financial crisis. According to Investopedia, “Kohls is opening a new outlet store it calls Off-Aisles… if this concept works, which it likely will, considering consumer conditions, look for Kohl’s to ramp it up, big time.
I think it is a really clever idea to combine entertainment with fashion. I know a lot of people like the show Stranger Things and looks from the eighties are coming back into fashion. It benefits Netflix by advertising the show on the clothing and it is a good way to get people who enjoy the show to buy Topshop’s clothing. That makes me wonder, did Topshop buy the rights to make Stranger Things related prints? My assumption is yes
M8: Assignment 3 Deniro Dawson Justin Palyvoda Caitlin Gayle Po Melanie Shane INFO 290_21 Professor Chen Macy’s vs. JCPenney Word Count: 1205 Introduction Macy's, Inc. is a retail company operating stores, websites and mobile applications under various brands, such as Macy's. The Company sells a range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods.
II. A. Company Info Since the beginning in 1993, Kate Spade has been known for their use of colors and patterns, but it all started with a purse. Kate Brosnahan Spade designed a line of 6 purses completely different from the trends she saw on the runway. This was just the beginning for Kate Spade as they now sell everything from jewelry, to clothing, to home decor. In 2007 Spade sold the company to Liz Clairborne with Deborah Lloyd as the President.
Dillard's and Macy's are both retail department stores that generally target the middle-to-higher-priced market, offering women's, men's, and children's clothing and accessories; house wares; home furnishings; and furniture. Dillard's was found by William Dillard in 1938 and has evolved to a business that now generates $6.78 billion in revenue in 2015. Dillard's holds a presence is the South, Southwest and Midwest. Dillard's has over 300 stores operating in 29 different states. Macy's has deep roots dating back to 1818.
Consumers are opting for online purchasing options that make them buy the products as per their own convenience, which includes in store pickups and home delivery. It also helps them get products that are refurbished, discounted, and have the best reviews. Therefore, the main reason for the closing of the stores is the competition between online and offline retailing. This competition has led to the rapidly declining annual income of major retailers such as Macy’s and Kohl’s. Macy’s and Kohl’s are closing their store and consolidating their strategic positions.
Dillards, Inc versus Nordstrom, Inc. FI305.001 Michelle Miller, Phillip Stowe, Daniel Carr Table of Contents Firm Overview……………………………………………………………………………….. 3 Critique……………………………………………………………………………………….. 4 Financial Statements and Ratios………………………………………………………….. 8 Firm Overview Nordstrom’s and Dillard’s are both retail stores categorized within the family clothing retail industry. They fall into this category because they each provide clothing lines for men, women and children; they exemplify the marketing trope: for “the whole family”.
This is actually the kind of new form of marketing typically based on the efforts to create content that will attract the attention and will encourage the readers to share it across their social networks, which will bring both possibilities and challenges. The use of models and theories which are traditional has also challenged by the ever-evolving field of social media. Due to the fact of the global companies are changing their marketing towards social media marketing rather than traditional forms of marketing. Sainsbury’s also using the social media as part of their marketing strategy to attract and to increase loyalty of the
Macy’s and Bloomingdale’s give more than $27 million in corporate contributed to approximately 6,000 organizations in 2014. Their core focus areas for funding are arts and culture, education, the environment, HIV/AIDS, and women’s issues – predominantly women’s health and domestic violence. More than $5 million was donated to charities across the country as a dollar-for-dollar match. Their giving programs helped sponsor free admission to museums and exhibits across the country. In the education sector, they funded scholarship programs, summer reading programs, mentoring and tutoring, and early childhood education initiatives.
2.0 Competitor Analysis The industry that Under Armour is involved with is extremely competitive, with competing against big names such as Nike or Adidas. Although it’s hard at the beginning, but customers want to have the highest quality apparel therefore they turn to Under Armour. Under Armour stays in the competition by having high quality products, and also by signing endorsements deals with major athletes (Owusu, 2017). By having major athletes represent Under Armour, means the company will be bringing in "big money" because they will bring up the brand’s popularity. The major competitors in this industry are of course inclusive of big names such as Adidas, Nike, Dick’s Sporting Goods and Puma.
Mark Moulton Professor Ottemann December 10, 2014 2014 Term Paper Nike & Under Armour Company Assessment Nike and Under Armour are two of the largest sportswear and athletic shoe companies in the world. Their histories and growth are similar but they use different corporate and business strategies. Their strategies reflect their corporate structure and the personalities of their leadership.
Porters 5 forces on the Fashion industry 1. Rivalry amongst existing competitors. The leading competitors in the fashion industry world wide according to research carries out by mbasKOOL.com is: 5. Gap, 4.
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.
The aim of this paper is to understand the various Positive and Negative effects of social networking sites. II. EFFECTS OF SOCIAL MEDIA ON YOUTH, SOCIETY AND BUSINESS Social media has a great influence on the life of many young people today. Now a day’s most of the people engage themselves in Social media without being bothered about what is its impact on our lives.
Sustainability in Design Report Sustainability is important as it impacts our social, cultural and physical environment. In the Fashion and Design industry, some fashion designers take sustainability in textiles very seriously. Textiles are anything from a simple dishcloth that you use every day to the obvious one, your clothing. Sustainability in the fashion industry involves ensuring that the garment that you are making can get maximum wear in its life cycle. Sustainability can be defined as when fashion meets nature.