Case 6 Victoria’s Secret Pink: Keeping the Brand Hip As consumers‚ we pay attention to what is hip and trendy in the marketplace as it relates to fashion. Advertising plays a large role in the fashion decisions made by adults and pre-adults alike. For instance‚ advertisers for Victoria Secret have done a brilliant job of creating an association with the Victoria Secret brand and the visual image of lingerie that immediately comes to mind. They do this by using famous super models to market
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VICTORIA’S SECRET PINK: KEEPING THE BRAND HIP When most people think of Victoria’s Secret‚ they think of lingerie. Indeed‚ the Limited Brands division has done a very good job of developing this association by placing images of super-models donning its signature bras‚ panties‚ and “sleepwear” in everything from standard broadcast and print advertising to the controversial prime-time television fashion shows that the company airs each year. Such promotional tactics have paid off for Victoria’s
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Victoria’s Secret Pink: Keeping the Brand Hot Synopsis This case illustrates the general strategy employed by Victoria’s Secret to acquire a new segment of customers through the introduction of its brand Pink. Pink is a line of “loungewear” (sweatpants‚ T-shirts‚ pajamas‚ bras and panties‚ pillows and bedding) targeted toward 18-30 year old females. The garments feature comfortable cuts and mostly cotton fabrics in bright colors. New garments are introduced every three or four weeks. The image
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1. Analyze the buyer decision process of a typical Pink customer. A typical Pink customer goes through several stages. It starts with the customer’s recognition that she needs a specific product‚ whether it is lingerie or even sweatpants or a t-shirt. The next stage will be the information search among several places that offer fashionable and cool products in order to find out which is the right place to buy. Pink will be easily spotted by possible customers because
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buyer’s decision-making process is a way to better understand the way consumers go about when purchasing a product or service. It gives marketers a great insight into the world of buyers and the factors that affect their final decision‚ such as emotions‚ environment‚ and attribute-based decisions. It is a complex process in which internal and external factors have an impact on the buying decisions of the consumer. There are five stages through which a consumer passes‚ before coming to a decision on the
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Victoria’s Secret Pink: Keeping the Brand Hot 1. Analyze the buyer decision process of a typical Pink customer. Tween and Teen girls are the major target customers for Pink. Victoria’s Secret needed to expand sales. Introducing the Pink brand was a great way to target new customers for growth. Younger girls aspire to be like older girls and are becoming more mature at a younger age. They want to wear clothes that fashionable‚ trendy‚ and hip so they are drawn in to the Pink brand because it is
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Lesley Gallo Instructor Gregg Chalk Fundamentals of Marketing April 4‚ 2012 Victoria’s Secret Brand Foundation Brand Vision: Victoria’s Secret is a subsidiary company of Limited Brands‚ Inc. The mission statement of Victoria’s Secret is the same as Limited Brands‚ and other subsidiaries held by Limited Brands. “Limited Brands is committed to building a family of the world’s best fashion brands offering captivating customer experiences that drive long-term loyalty and deliver sustained growth for
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IKEA: The buyer decision making process and related influences. Word count: 3011 IKEA: The buyer decision making process and related influences. Fancy a bit of a change in life? Why not pop down to IKEA and order yourself a Boklok‚ a Faktum‚ a Nutig‚ a Leksvik and a Brunskära; everything you need for a good night sleep and breakfast in the morning. To translate from IKEA’s language to English‚ you would have ordered a flat-pack house‚ a flat-pack kitchen‚ a fridge‚ a flat-pack bed and a tightly
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An essential part of marketing is the buyer decision making process. This is arguably an ideal part for marketers as they r able to view how consumers make buying decisions‚ after looking at the influences that affect buyers. The buyer decision making process involves five stages in which buyers make decisions in purchasing a product. These five stages include problem recognition‚ information search‚ evaluation of alternatives‚ purchase decision‚ post purchase behavior (Kotler‚ Brown‚ Burton‚ Deans
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customers make their purchase decision is a very important issue for a company. It can bring numerous influences to companies for establishing an appropriate marketing strategy. Therefore‚ the research of each stage of buyer decision process is relevant for all the marketers. Teo and Yeong (2003) point out that the setting up of buyer decision process model can help managers to understand and forecast consumer behaviours‚ and thereby they can make effective decision for providing more acceptable
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