Dockers and Snapple - Branding Elements and Marketing Programs Differences Adaptability – Starting with Docker’s‚ Levi Strauss & Co. was able to adapt their brands‚ more so than Snapple‚ in response to changes in consumer values‚ opinions and the need to for their product to remain contemporary relevant (Keller‚ 2008a‚ pg. 143). The Dockers brand was the first casual pant of its kind and over the years changed to include wrinkle free‚ khakis and stain defender technology to compete with various
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Merchandise Management is the analysis‚ planning‚ acquisition‚ handling‚ and control of the merchandise investments in a retail operation. Analysis - retailers must be able to correctly identify their customers before they can determine the needs and wants of their consumers Planning - retailers must often purchase their merchandise 6-12 months in advance of the selling season Acquisition - merchandise needs to be bought from others‚ either distributors or manufacturers Handling - ensures
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6-B3 Dropping a Product Line Hambley’s Toy Store is on Regent Street in London. It has a magic department near the main door. Suppose that management is considering dropping the magic department‚ which has consistently shown an operating loss. The predicted income statements‚ in thousands of pounds (£)‚ follow (for ease of analysis‚ only three product lines are shown): General Electronic Magic Total Merchandise Products Department Sales £6‚000 £5‚000 £400 £ 600 Variable expenses 4‚090 3‚500
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Visual Merchandising: Visual Merchandising is very important because the first impression of the product or store on the customer is by visualizing. If the impression is positive then customers attract to the store. A store must have the inviting appearance to the customers. Objectives of Visual Merchandising: Objective of visual merchandise is to attract the customers to your business in order to sell the merchandise. The main objective is to make the customers feel comfortable and eager to
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Retail merchandising is the process used in order to conduct retail sales. As part of the process‚ the merchandiser pays close attention to the types of products offered for sale‚ how to best present those products to consumers‚ and determining what is a reasonable retail price for each unit sold. While retailers have traditionally engaged in the task of retail merchandising in a physical location‚ the Internet has now made it possible to apply these same basic principles in a virtual setting. The
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An Internship Report on “Merchandising Management -A Case study on KUN SOURCING LTD. (a buying house)” Table of Contents | | |Page No. | | |Letter of submission | | | |Certification
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Visual merchandising is the activity and profession of developing the floor plans and three-dimensional displays in order to maximise sales. Both goods or services can be displayed to highlight their features and benefits. The purpose of such visual merchandising is to attract‚ engage‚ and motivate the customer towards making a purchase. Visual merchandising commonly occurs in retail spaces such as retail stores and trade shows.
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Chapter I Merchandising –Introduction‚ role‚ functions‚ types Mrs. Manju is on a visit to the neighborhood store. It sells a variety of daily essentials. She asked for jam. The merchant in the store brought it to her from the shelf at the back of the counter. She paid the bill and left the store with the bottle of jam. We notice that the merchant sold merchandise – “jam” to Mrs. Manju. If the jam is in the store‚ Mrs. Manju will not know of its existence. She is aware of it only when the merchant
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Visual Merchandising is the art of displaying merchandise in a manner that is appealing to the eyes of the customer. It sets the context of the merchandise in an aesthetically pleasing fashion‚ presenting them in a way that would convert the window shoppers into prospects and ultimately buyers of the product. A creative and talented retailer can use this upcoming art to breathe in new life into his store products. Passion for design and creativity are essential to be a good visual merchandiser. A
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The Principles of Merchandising The past decade has witnessed sea change in the world of retail‚ of which increasing competition is just one aspect. New and emerging technologies and customers fragmentation has made it even more difficult for retailers to retain consumers who are loyal to their stores. Walters and Hanharan have identified four key elements of the strategic direction that are retailer may take‚ they are: * Merchandise strategy; * Communications strategy; * Customer service
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