The Fates Boutique is a fast fashion store that has accessories that are trending now. Our store goes by what is on trend and what we see on the runway. Our objective is to create unique pieces of accessories that can 't be found at any retail store. Our strength is that we are located in the New York City and we are constantly creating new items to put on our shelves, with our creating new items even though it might be on trend many won 't be interested which our weakness we have to make sure that what put out in store is what people want. The opportunities could also make way for threats like when creating a new item it has to be positioned in a way that the customer wants to buy it we have to ensure that the item is consistent with its overall strategy and objectives. With our store being …show more content…
Our business must be able to stand out in the big city. The advertisement has attract customers to our store and not only that but some of our employees stand outside explaining what the store is and what we offer. Our target market is females around the age of 16-25 which is about 45% of NYC 's population. The store is very reachable in the sense that it is in the heart of the city and it is easy access just like every other store. As stated before our target market is females around the ages of 16-25. The reason for this is because older audiences might not be into what 's on trend they will stick to what they have or continue to buy the same pieces. The younger audience might be into what we have but are not ready for that almost grown up stage as yet. We have to position our image as a very unique, young adult and trendy store. In Greek mythology the fates can tell the future and destiny of man well our store The Fates Boutique does the same thing but with our accessories we create unique pieces that are on trend and in season. We are a fast fashion company that are constantly changing to fit the trends, seasons and the wants and needs of our
I started off as a host and worked my way up to shift and catering manager by 18. Throughout my years at the company, I’ve noticed we hardly advertise the restaurant or its food. Being a rather small franchise, we pride ourselves on knowing the community before knowing the nation. As a company we do have a public website, events with the universities near by, and even host professional catering events. However, we lack a commercial that speaks to the community as well as the nation.
Panaderia Cuscatleca has their product in a Mexican newspaper and they keep it in their store, which won’t really promote their store if it’s always inside their store. They have business card that is plane with just blue letters say their bakery name and the contact number and store address, which it really plane. Beside those advertising they do go to charities events and festival to promote their bakery, but the problem is that the festival is located far from their store. Which is no really affected because why go to Panaderia Cuscatleca 8 or 12 miles away when they can go to the closes one near them. Panaderia Cuscatleca need to stand out of every other bakery by making their own logos stickers because who doesn’t love stickers and pass it around one by one, they should reward their customer by creating an award card for pass purchases and give out free sample because people are afraid to buy something they never eaten before, getting to know your customers and letting your customers knows about the bakery is how you attract
(n.d.) Offer alternative approaches for achieving the same results. I like your approaches and channels of the billboards and signage with a link to the website. I alos like the magazine channel. Some alternative approaches follow: I still think in this day and age, we need social media.
Due to their huge success, control over suppliers can be always be maintained by the company. Rivalry among the competitors is the force to reckon with and it is the one that will decide the future profitability of the fashion industry. Competition in fashion is very high since there are only a handful of competitors when looking at the giants. Future Industry evolution Scenario 1 The future of today’s world is technology.
For any department store, let alone one of such high quality, it is important to create a product that creates attention and interest. Nordstrom applied this concept when launching Treasure & Bond. They created a product that “offers cool, causal collection of reworked favourites- from perfect-fitting jeans and soft tees to leather jackets & more” (Nordstrom). Pairing a product that is appealing to the target customer, with a charity empowering young girls and women, it makes the product more interesting and may entice consumers to make a
Victoria Secret was profitable enough in their first year, for the company to open four more physical locations, as well as a mail order catalogue. Although Roy Raymond’s policy was initially profitable, but as we will discuss in the later parts of this paper, it also had its downsides that almost led to the bankruptcy of Victoria Secret. Today, Victoria Secret is a multi billion dollar conglomerate with more than a thousand stores in more than 180 countries generating an annual income of over five billion. 2. PESTEL ANALYSIS The external environment of a company can affect everything from company policies, finances, sales, targeted customers and can be a deciding factor in whether the company remains for another season.
Competition is high in the clothing industry, but good strategies plus skills, hard work and commitment from Ted Bakers team has enhanced the attention given to the company in the clothing industry. Ted Baker working culture has enabled it to attract a huge customer base and this has put it in a position to compete with well established brands such as Primark. By opening new stores in the overseas market, the company is positioning itself to become a market leader in the lifestyle designer brand
Fate is defined as “the universal principle or ultimate agency, by which the order of things is presumably prescribed; the decreed cause of events, or time.” It is one of the major topics, which occurs in the Iliad. Fate is shown in both actions and consequences like battling in the Trojan War, and the result of either surviving, or dying. Fate takes in the lives of the mortals in the Iliad in many ways. It is used in foreshadowing different scenarios as we read from one book to the next.
We’ve got this very productive network of stores. And then,in the past year and a half, we’ve leapfrogged from not having any digital strategy, really notengaging or knowing our guests intimately through the use of technology, to having this digitalnetwork that provides incredible air cover to our stores. Now you take that outside NorthAmerica, you become a global brand, and you take that beyond women to the men’s market. Wehave a five-year goal of doubling our revenue and more than doubling our earnings.
3. Chapter 2 – Methodology 3.1 Introduction This chapter challenges all levels of knowledge, according to the ‘Bloom’s taxonomy’ method. Within this chapter the aim is to focus on a specific US clothing line called American Apparel, founded in 1989 by a Canadian named Dov Charney. Today, this company is based in all corners of the world, however its main quarters are in Los Angeles, California.
As H&M ‘s main source of revenue is its fashion clothes they have to monitor their customer needs. • THREAT OF SUBSTITUTES(LOW) Every company in
The target market of louis Vuitton in divided into two key segments, the wealthy middle aged women from 35 to 54 years old is the first segment while the fashionable young female adults from the age 18 to 34 years old who have income saved to buy one wishes. Average customer of Louis Vuitton are high level & social class people who are into fashion and very conscious as well. High social status is achieved by owning such products from Louis Vuitton. Demographic Segmentation Louis Vuitton has used Demographic segmentation to segment the market.
Terms of Reference H&M also known as Hennes & Mauritz is one of the most leading apparel companies globally; one of creativity and style. The company is one which believes that it should offer to its customers fashion and quality at the best price. The aim of this report is to assess H&M’s company organizational culture as well as the core competencies and capabilities of the company; and how it has used these to attain the position at which it is at today in the fashion and apparel industry.
1. In order to understand the success of Inditex’s best brand, Zara one has to understand their strategic choices, and at its core this revolves on having a good understanding of who Zara targets, and what makes this brand attractive. Zara’s most important target market can be understood by the use of demographics, they target young (18-40 year old) women, who are price-conscious with a mid-range income, and very sensitive to fashion trends.
As a result, the company has suffered for disappointing earnings and sales. One of the reasons is because in the attempt to turn around the company, the raw material and labor cost increased which lead to an increase of 20% per item. As a result, now the company is facing struggles because foreign competitors such as Zara, H&M, Walmart and Target are stealing its customers with cheaper and fresher fashion. Another driving force that affects the fashion industry is the information revolution. The instant availability of information and instantly interaction are the implication that has changed the nature of competition in the fashion industry.