Preview

Marketing In Primark

Powerful Essays
Open Document
Open Document
4958 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing In Primark
[Type the company name]
Marketing Strategies in Primark
[Type the document subtitle]

DELL
[Pick the date]

Table of Content

Part A – Situation Analysis 1
1. Introduction 1
2. Situation analysis 1
2.1. Internal analysis 1
2.1.1. Vision 1
2.1.2. Mission 1
2.1.3. Objectives 1
2.1.4. Strategies 2
2.2. External analysis of US retail market 4
2.2.1. Macro analysis – PESTLE 4
2.2.2. Micro analysis – 3Cs 7
2.3. S.O.W.T analysis 11
2.4. Strategic Implications and Conclusion 14
Part B – Competitive Environment through Porter’s Five Forces 14
Part C – Marketing Strategies of Primark in US market 15
1. Product strategies 15
2. Price strategies 16
3. Promotion strategies 16
3.1. Advertising through paid media 16
3.1.1. Objectives 16
3.1.2. Tactics 17
3.2. Using social media such as Facebook and Youtube 17
3.3. Public Relation 18
3.3.1. Objectives 18
3.3.2. Tactics 18
3.4. Direct Marketing 18
3.4.1. Objectives 18
3.4.2. Tactics 18
3.5. Place strategies 19
4. Conclusion 20
References 20

List of Figure

Figure 1: GE model in Primark 2
Figure 2: Percent of Population by Race 5
Figure 3: The Internet user in the world from 2000 - 2011 6
Figure 4: Top 10 Global Fast Fashion Companies (2006–2010) 8
Figure 5: The number of stores of Zara 9
Figure 6: The revenue of Zara 10

List of Tables
Table 1: Industry Attractiveness of Primark 2
Table 2: Business Unit Growth of Primark 4
Part A – Situation Analysis
1. Introduction
Primark, after launching in Ireland in 1969, has owned over 270 stores in some Europe countries. For international expansion strategy, Primark has planned to open big store in US in 2015. This paper will focus on situation analysis and competitive analysis to understand external and internal environment and understand their resources and power. Basing on these understandings, there is the suggestion for Primark in aspect of marketing strategies to build and develop Primark in US market which is the excellent fashion destination in the globe
2.



References: Abell, D.F., & Hammond, J.S. (1979). Strategic Market Planning. Englewood Cliffs, NJ: Prentice Hall. Barnes, L. and Lea-Greenwood, G. 2006. Fast fashioning the supply chain: shaping the research agenda. Journal of Fashion Marketing and Management 10(3), pp.259- 271. Bhardwaj, V Chakravarthy, B., & Henderson, J. (2007). From a hierarchy to a heterarchy of strategies: adapting to a changing context. Management Decision. 45 (3), 642–652. Christopher, M, Lowson, R & Peck, H (2004) Creating agile supply chains in the fashion industry, International Journal of Retail & Distribution Management. 32(8), 367- 376. Czinkota, M Conti, S. (2014). Primark to Launch in US. WWD. Retrieved at: http://www.wwd.com/retail-news/mass-off-price/primark-to-open-stores-in-america-7653356 Dishman, L Fashionbi (2013). Fast Fashion Market Report. Fashionbi. Retrieved from http://fashionbi.com/market/fast-fashion/all Fast Retailing (2014) Joon-Hwan, L., Shi-Hyun, A. and Sun-Young, H. (2011). Fast Fashion: Out-of-the-Box Thinking in the Apparel Industry. Monthly Focus, 5 H&M (2013) Keller, P. Anand, (2014). Social Marketing and Healthy Behavior. Handbook of Persuasion and Social Marketing David W. Stewart (ed.), Marketing, New York: Routledge, Forthcoming. Liang, H., Saraf, N., Hu, Q., and Xue, Y. (2007). Assimilation of enterprise systems: the effect of institutional pressures and the mediating role of top management. Management Information System. 31, 59-87. Low, W. and Cheng, S. (2006).A comparison study of manufacturing industry in Taiwan and China: managers’ perceptions of environment, capability, strategy and performance, Asia Pacific Business Review,12(1), 19-38. McKinsey & Company. (2008). Enduring Ideas: The GE–McKinsey nine-box matrix. The McKinsey Quarterly, September. [Online] Available: https://www.mckinseyquarterly.com/Enduring_ideas_The_GE-McKinsey_nine-box_matrix_2198 Nicolate, A., Maha, A. and Ignat, I. (2012). E-Commerce across United States of America: Amazon.com. Economy Transdisciplinarity Cognition, 15(1), 252-258 Primark (2015) Porter, M. (1982). La Strategia competitiva. Bologna: Compositori Sherry, F., Alladi, J., Wang, J PwC (2014). Retailing 2020: Winning in a polarized world. PwC/Kantar Retail. Shimp T Zara (2013). Inditex Group Annual Report 2013. Zara. Retrieved from http://www.inditex.com/documents/10279/18789/Inditex_Group_Annual_Report_2013.pdf/88b623b8-b6b0-4d38-b45e-45822932ff72

You May Also Find These Documents Helpful

  • Powerful Essays

    Oroton is an Australian owned company making luxury goods, from bags to clothing. This study first goes through a resource and capabilities analysis for the Oroton Company. We follow this with an external environment analysis and fashion industry analysis in Oroton’s host market, namely, China. In addition, this study is an analysis on their plan to enter the China luxury goods industry, through setup of a Wholly Owned Subsidiary with a view to using a “Focus” and “Differentiation” strategies. Last but not least, the recommendations are provided for Oroton in terms of how the company can enter into China’s market and further develop its international business efficiently.…

    • 3646 Words
    • 15 Pages
    Powerful Essays
  • Best Essays

    7. Mason-Jones, R., Naylor, J. and Towill, D. 2000. Lean, agile or leagile? Matching your supply chain to the market place. International Journal of Production Research 38(17), pp. 4061-4070.…

    • 3046 Words
    • 13 Pages
    Best Essays
  • Best Essays

    6. Coyne, K.P. and Sujit Balakrishnan, 1996. Bringing discipline to strategy, The McKinsey Quarterly, No.4.…

    • 3034 Words
    • 13 Pages
    Best Essays
  • Good Essays

    This marketing audit will critically analyse the current marketing situation for the leading high street brand Primark, with…

    • 5262 Words
    • 37 Pages
    Good Essays
  • Best Essays

    Bhardwaj, V., & Fairhurst, A. (2009). Fast fashion: response to changes in the fashion industry.…

    • 217 Words
    • 1 Page
    Best Essays
  • Good Essays

    Who Is Target Competitors

    • 625 Words
    • 3 Pages

    Today, the apparel industry is become extremely competitive and fast paced. Consumers are becoming more demanding than ever – with various sales channels and fast fashion. Merchandisers and buyers will have to work together more closely to meet the demands and standards of today’s knowledgeable consumers. The interviewee expects that merchandising will become much more complex as digitization and the importance of big data analysis…

    • 625 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The purpose of this essay is to discuss different supply chain management approaches taken by H&M, Benetton and Zara. It is first necessary to explain what a supply chain management means. Supply chain management involves planning, design, maintenance and control of the flow of materials and information along the chain in order to efficiently satisfy customer's requirements (Schroeder, 2000). Such an approach, of looking at the entire supply network helps organisations identify their competitive advantages and parts of their processes that contribute the most to the performance objectives that are of the greatest importance to the customers (Slack et al., 2007). It also helps to develop long-term strategies for the company based on the identified advantages.…

    • 2712 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    What Is Primark

    • 557 Words
    • 3 Pages

    For those of you not in the know, Primark is a department store chain that specialises in clothing for men, women and children/babies. They also include a home section and ladies...ahem...err...yes. Unmentionables, in other words. They have been operating for several years and they are currently buying out the Littlewoods stores, several of the best of which will be turned into Primarks and the rest sold for a tidy sum to other retailers. It's a good move that should see the chain expand its empire to reach more customers across the UK.…

    • 557 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Fast Fashion retailers target young consumers who are looking to form their identity through dress. This is done because they have many different styles where other retailers might be limited. Young buyers like to shop at these retailers because they offer replica pieces straight off the runways. The concept of “fast fashion” refers to low-cost clothing collections that imitate current luxury fashion trends. Fast fashion helps fill desires among young consumers in the industrialized world for luxury fashion, even as it embodies un-sustainability. Trends run their course fast with today’s latest styles quickly trumping yesterday’s, which have already been thrown to the trash bin (Joy, 2012). With low costs and more disposable income such as credit cards, young consumers are able to spend more on fashion while looking for temporary identities through dress. This gives them opportunities to experiment with many different styles while in search to form their identity through dress.…

    • 758 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Fast Fashion

    • 844 Words
    • 4 Pages

    You may have heard the term “fast fashion” being thrown around lately. For those of us without tons of disposable income, fast fashion is a trend that can allow us to don the latest looks walking the runways at a fraction of the cost of designer clothing.…

    • 844 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Analysis Of Primark

    • 1061 Words
    • 5 Pages

    Primark should evaluate the possibility to use celebrity marketing in order to connect with new consumers and engage them follow the brand. According to (Russell, 2016) "A celebrity endorsement tells a story, it's a shortcut to understanding a brand fast and knowing whether or not it's for you”. Therefore, it is affect way to reach possible Primark consumers. Although, they have to analyse which celebrity has the same followers as Primark to reach the correct public in order to have an efficient marketing campaign.…

    • 1061 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Sample Business Plan A

    • 4829 Words
    • 31 Pages

    This business plan is intended solely for informational purposes to assist you with a due-diligence investigation of this project. The information contained herein is believed to be reliable, but the management team makes no representations or warranties with respect to this information. The financial projections that are part of this plan represent estimates based on extensive research and on assumptions considered reasonable, but they are, of course, not guaranteed. The contents of this plan are confidential and are not to be reproduced without express written consent.…

    • 4829 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    Abstract This chapter explores and develops fast fashion in the current retailing industry and its impacts on how the Chinese textile manufacturing industry has adjusted to remain competitive. Fast fashion evolved at the turn of the twenty-first century into a business approach characterized by fresh fashions, shorter life cycles, and faster production, placing significant pressure for rapid delivery, quality products, and low prices for each segment of the supply chain in a highly competitive environment. Manufacturers must utilize dynamic capabilities to maximize their competitive advantages in their production strategies, business models, and activities toward achieving retailers’ fast fashion requirements. The main aims of this reported study were to examine the “need” for fast fashion in the current retailing industry and to look at its impacts on the Chinese textile manufacturing industry. The focus was therefore on textile suppliers’ production strategies, and the suppliers’ intentions and activities toward achieving their customers’ fast fashion requirements. A study with Chinese fabric suppliers analyzes the dynamic capabilities and production methods applied in response to the fast fashion industry. Steps were taken to develop a framework for future research into the crucial production planning and manufacturing of fabrics for the fast fashion retail market. Attempt is made to identify the organizational changes following a shift in the industry environment, in the context of how a textile factory adapts to a change in its manufacturing as a result of the onset of fast fashion. Keywords China Dynamic capabilities Fabric suppliers Fast fashion Production Quick response Retailers…

    • 14789 Words
    • 60 Pages
    Powerful Essays
  • Powerful Essays

    Uniqlo case 2015

    • 10614 Words
    • 71 Pages

    The case was created as a basis for class discussion and does not illustrate either effective or…

    • 10614 Words
    • 71 Pages
    Powerful Essays
  • Powerful Essays

    References: Aaker, D. (2007) Strategic Market Management, 8th ed., New YorkL: John Wiley & Sons.…

    • 5244 Words
    • 21 Pages
    Powerful Essays

Related Topics