Competitor Analysis
Direct Competitors
Online
3CE
SWOT Analysis
Strength 1. 3CE is launched by STYLENANDA, which is a famous fashion brand in Korea. Thus, 3CE already caught a certain amount of attention from STYLENANDA’s customer before it was launched.
2. Due to the influence of Korean drama and Korean artist, people are crazy about the brand products which used by Korean celebrities.
3. Compared to most of the western brand, 3CE has more appealing packaging
4. The products are considered cheaper yet highly innovative in Korea.
5. 3CE maintains a blog which provide beauty tips and tutorial. Occasionally, they will have events for their customers to participate.
6. Active on social media platform such as Facebook, Instagram and Youtube
…show more content…
Offer exclusive, limited & online only products
5. Allow customer to shop inspiring looks and post their latest looks on The Beauty Board through APP or tablet.
6. Sephora values their VIB’s (Very Important Beauty Insiders) by offering rewards program, online exclusives gifts and inviting them to special event.
7. Strong social media presence which leads to robust following
Weakness 1. Complaints from customers about the APP crashing
2. Sephora.com does not have live chat functions
Opportunity 1. Launch men’s product line
2. Open up a page for instant respond from consultant
Threats 1. Economic downfall
2. Drug store brands which are cheaper are increasing the quality of their products
3. Anyone can post on the beauty forum, so negative or unfavourable comments can be posted.
Tangible
L’Oreal
SWOT Analysis
Strength 1. Leader in the growing cosmetics industry despite the competition in the market.
2. One of the top international brands that has strongly capitalized in China’s cosmetic industry over the last decade.
3. High-end advertising which adapts to the culture of target audience
4. Strong brand image
Weakness 1. The scandal of product testing on animals
2. The company is hard to control due to umpteen
…show more content…
Unable to fully control over their sales as they rely on third party retailers.
Opportunity 1. Growing market that ranges from the affluent, the aging and also the masses of the developed countries
2. Innovate and diversify products and service
Threats 1. Growing competition within the field of cosmetic brands
2. Economic downturn that is quite evident in other countries
3. Huge spending amount on advertising
ELF
SWOT Analysis
Strength 1. Provide a large selection of low priced product
2. Cruelty-free
3. Consumers are able to provide clear review on products
4. Offer certain promotion which only valid online
5. Feature beauty bundle plan which customer can either sign up a continuous payment plan to keep receiving brand new bundles every 8 weeks or take advantage of gift plans and pay only once for a yearly or half-yearly subscription
6. Offer custom eyes refill pan
7. Offer a mobile commerce version of ELF
Weakness 1. Fragile packaging that complained by a lot of customers
2. Webpage doesn’t synchronize with the size of the window when minimize
Opportunity 1. Connect to customer by launching an APP
Threats 1. Stiff competition from other leading cosmetic established brands
2. Global economic crisis
SWOT Analysis
KIKO
Assessment of Future Performance Not only has Ulta Beauty shown remarkable growth in its industry, it shows potential for continued growth, both in comparison to its competition and itself. The company has plans for further fiscal growth and store expansion, as well as strategies to improve its current branding and marketing; the company also shows potential to accumulate and retain an increasing amount of new customers. Fiscal Growth In recent years, Ulta Beauty has been able to truly compete with other companies in the beauty industry. While it is impressive that Ulta Beauty is able to outperform its competition, it should also be noted the progress the company makes in relation to itself.
The diversification lowered the overall risk of the firm and created an information network among the divisions, which was critical for the company to gain competitive advantage. The loyal customer base was another strength. The $60 billion assets that under the company’s management provided the company a positive brand image and made it easier for the company to attract new customers. Weakness:
For example, when brands release a new product there are huge product launches. In these launches, there are signs placed in the front of the store and the new item gets placed at the entrance of the store on a little table so it can sell. This leads to guests trying new products and purchasing new things. Once every three months, a cosmetic or skin care brand comes in and holds an immense event. It involves make up artists applying makeup on the customers, or the skin care specialists giving facials to customers in order to push the sale for their product.
Ulta Beauty aims to be accessible and convenient to its customers across various markets. And finally, to invest in infrastructure to support their guest experience and growth and capture scale efficiencies. Ulta Beauty expects to continue growing its enterprise inventory capabilities so as to better anticipate and respond to their customers’ demands across all
Title: Unveiling the Beauty of Ulta: An In-Depth Analysis of an Advertising Powerhouse Ulta Beauty has become a household name in the beauty business, thanks to its wide selection of products and diverse variety of beauty services. In this advertisement examination, we will look at Ulta Beauty's advertising techniques, concentrating on key factors such as visual aesthetics and rhetoric, emotional appeal, marketing messages, target demographic analysis, and the influence of their advertisements. By exploring these characteristics, the goal is to gain a better comprihension of how Ulta Beauty has become a dominant force in the industry and how its marketing contributes to its success. Ulta Beauty's advertising efforts are consistently aesthetically stunning, capturing attention and leaving a lasting impact. Their advertisements, with their brilliant colors and clean designs, evoke a sense of attraction and aspiration.
Started in 1990, Ulta Beauty has grown to hold 4% of $127 billion beauty market by providing customers with ‘All Things Beauty, All In One Place’. Ulta Beauty offers different services and products ranging from cosmetics, fragrances, salon, and skin. Altogether, Ulta has over 20,000 products, 500 brands, and 400 vendors. With this. Ulta beauty has become the largest beauty retailer in the U.S. and plans to expand each year by adding 100 new stores until they reach their goal of around 1,700 stores in the US.
When launching a new product or service, a company needs to develop the key group of customers in which they are targeting. There are many steps in identifying the target market; one of these steps is to look at past marketing plans in a company and collect information to produce a customer profile. This profile is important because “it influences the objectives, creation of the communications message and the channels and media mix being selected” (Gbadamosi and others, 2013, p. 275). When this profile is solidified, the appropriate methods to make a successful marketing plan can take action to launch the new product or service. Nordstrom’s Treasure & Bond, is a new clothing line by the leading fashion specialists, targeting 18-30 year
And achieve as a result, the growth for its brand, market share, and sales
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.
• Rivals face high exit barriers Very High Potential Entrant Pressure • High entry barriers • Strong product differentiation • Menus change constantly with
The company has also gained a strong brand image, because of its uniqueness as a
• Highly profitable business. • Robustly developed sales and distribution network. Weaknesses • Heavy investment in R&D. • High marketing and communication costs. • There are cities in where they are not present yet (like Montrose).
Kiehl 's: It has positioned itself as a skin care place based in natural ingredients. With growing demand from natural products all over the world, this pharmacy can strengthen itself by laying stress on its ‘heritage’ and use of ‘natural ingredients.’ Having penetrated well enough, it would probably focus on product development and develop more products that deliver values such as heritage and natural cure. b. Lancôme:
4.2.1 JO MALONE 4.2.1.1 Strategy Jo Malone Company takes its name from the brand creator. Jo Malone was a stylist that wanted to give a special present to her VIP clients, creating a special bath oil with natural ingredients like nutmeg and Ginger. (Gordo, 2013) Jo Malone London was created to celebrate British style with unexpected fragrances and the elegant art of gift giving.
Companies to cater to customers in the most effective manner were forming various strategies. To attract new and engage the old customers, development of mobile applications, websites, and campaigns on social networking sites are some initiatives companies are adopting. The global luxury goods market is categorized by large number of mergers and attainments, thus making it favorably consolidated in the near future. The global luxury goods market is expected to grow moderately over the