Preview

Target Market

Satisfactory Essays
Open Document
Open Document
427 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target Market
Burberry
Target Market
Wealthy business owners, CEOs and COOs and their spouses
Worldly citizens
Label and fashion conscious shoppers
Celebrities
Consumers seeking quality merchandise
Younger professional 18-30

SHANGHAI TANG
Current Market Segment
Upper middle class
Professional, Managers, Executives, Businessmen (PMEBs)
Age:25-39 especially high-income chinese women between 30-35
Now attract Westerners who are interested in Chinese tradition

PMEBs Lifestyle
Spendthrifts, willing to spend up to 90% of their disposable income
Hectic, mobile and extremely fast paced lifestyle
E-commerce: They enjoy online shopping due to convenience
Esteem seekers
Wealthy Achievers

PMEBs Personality Characteristic

Highly educated and fashionable
Place importance on product packaging
Family values are important to them
Materialistic
Enjoy spending what they earn
Conscious of how society views them
Extremely concerned with their status in society
Self Esteem holds a very high position in their value system

Burberry 4p
Product
Womenswear, menswear, Non apparel, childrenswear

Place
Short channel structure with full management
Digital- Burberry.com & various social media channels
New store openings in new & emerging markets
Flagship stores & Concessions

Price
Physiological- Prestige pricing
Limited discounting
Exclusive- high GP

Promotion
Digital- Burberry.com& various social media
Competitve advertising
Advertising media- TV,Magazines
Join promotions- Harrods
Sponsorships- HOYS etc

Shanghai tang
Fashionable women in modern day China rarely wear qipaos (also knon as cheongsams), a traditional Chinese dress reminiscent of a bygone area. Shanghai tang’s mission is to rejuvenate Chinese fashion of the 1920s, among them the qipaos.

Western Marketing Tactics
The original idea was to sell Chinese products for export. When purchased by Richemont, the marketing stratey has become very westernized.

Place
Flagship stores in HONGKONG
Store around the world: Asia, Amercia, Europe,

You May Also Find These Documents Helpful

  • Good Essays

    Nasty Gal Target Market

    • 596 Words
    • 3 Pages

    The brand that I picked is Nasty Gal. Here is a description of their brand taken from their website:…

    • 596 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Nfl's Target Market

    • 79 Words
    • 1 Page

    The NFL is the most popular league in the United States and has various target markets, to gain more popularity and revenue. 50 percent of the The league’s target market includes people of all ages and races mostly people ages 18-49. About half of America’s population are football fans and 44% of its fans are female. The NFL has to expand their audience to women by producing products such as jerseys, merchandise and commercials to market women and football.…

    • 79 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Segmentation and Target Market PaperJonathan GraceMKT/571October 21, 2014Dr. Johnny MorrisSegmentation and Target Market PaperThis plan was put into in 1936, establishing the Government Employees Insurance Company, the company known and respected today as GEICO. GEICO was primarily directed toward federal employees and certain groups of enlisted military officers. Lillian Goodwin actively marketed the company to this group of consumers and within a year, GEICO had written over 3,700 policy holders and employed 12 staff members.…

    • 1109 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    Burberry Essay

    • 1988 Words
    • 8 Pages

    Burberry Established in 1856, Burberry is a worldwide luxurious brand with a unique English personality. The brand has manufactured a notoriety for craftsmanship, development and outline. Since the development of gabardine by Thomas Burberry more than 150 years back, outerwear has been at the centre of the business, and remains so today best communicated through the notable Burberry trench coat, according to Burberry Group Overview (2014). Economic Factors The financial downturn influenced the level of buyer spending on optional high-end things.…

    • 1988 Words
    • 8 Pages
    Best Essays
  • Better Essays

    Bound Feet

    • 1030 Words
    • 3 Pages

    Traditions in Chinese culture are long-rooted and are taken very seriously from generation to generation. However, there must always be room for some type of modern change to occur. Modern change is needed in order for a society to grow and strive. In Bound Feet and Western Dress the conflict between Chinese traditions and modern change arises. With this conflict it is important to talk about the different meanings of liberation for men and women and the way in which Chang Yu-I was able to obtain liberation throughout her life.…

    • 1030 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Target's Target Market

    • 390 Words
    • 2 Pages

    Being a frequent shopper at Target, the value that I see delivered for all customers in the price and quality they offer to compete with their competitors. Target makes it clear that they believe in “great shopping, anytime, anywhere, celebrating diversity and inclusion, design for all, community support and engagement, more for your money, and a fun and rewarding place to work.” (Cornell) On top of suiting needs for almost all customers, their customer service is always outstanding and never falls short. Target has become a one stop shop offering clothes, work supplies, school supplies, groceries and many more everyday needs. These values and services are directly towards moms.…

    • 390 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Target Market

    • 473 Words
    • 2 Pages

    1. How does money make the exchange process easier? What would shopping be like if money didn't exist?…

    • 473 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Target Culture

    • 690 Words
    • 3 Pages

    While finishing my Bachelors of Science at Cal Poly Pomona I worked for a retail company called Target. Target is really a world of its own and not like very many other retail companies. I interned for three months and worked there for about a year. Even though I no longer work there, I did learn a lot about the company and its culture. The best way to understand Target culture is to understand their commitment to their employees and guests. Target’s commitment is to “foster an inclusive culture is a core value that’s integrated into every aspect of our business. By fostering an inclusive culture, we enable all of our team members to leverage their unique talents and high performance standards to drive innovation and success (Culture).”…

    • 690 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Target Market

    • 972 Words
    • 4 Pages

    The focus of marketing effort is people. The goal is to reach a subset of the population who may be interested in your particular product. That group of people is your target market.…

    • 972 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Traditions in Chinese culture are long-rooted and are taken very seriously from generation to generation. However, there must always be room for modern change in order for society to grow and strive across the globe. In Bound Feet and Western Dress the conflict between Chinese traditions and modern change arises. With this conflict it is important to discuss the different meanings of liberation for men and women and they way in which Chang Yu-I was able to obtain liberation throughout her life.…

    • 928 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    target market

    • 475 Words
    • 2 Pages

    The target market for Reese’s Pops Cereal is divided into two age groups, six to 17 and 34 to 48. When focusing on a younger, dependent segment you also need to target the segment that is making purchase decisions for them. We believe these two market segments are the best to target because the product appeals to both a younger demographic, with its candy-like taste and being a fun, easy breakfast option that they can make for themselves, and also to the adult segment, because it is a healthy choice and will satisfy both their needs and the needs of their children.…

    • 475 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    market segment

    • 495 Words
    • 2 Pages

    *THE IDENTIFIED MARKET SEGMENT(S) SHOULD VICTORIA MUSEUM PURSUE AND THE DERVICE THAT WILL BE OFFERED TO THE MARKET SEGMENT(S):…

    • 495 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Burberry Strategic Analysis

    • 3179 Words
    • 13 Pages

    Moore, C., & Birtwistle, G. (2004). International Journal of Retail & Distribution Management. The Burberry business model: creating an international luxury fashion brand , 412-422.…

    • 3179 Words
    • 13 Pages
    Best Essays
  • Good Essays

    After Xinhai Revolution, especially in 1930s-1940s, the new style of cheongsam began to emerge. If before just few colors had been used in cheongsam – now designers could “play” with the whole colors and their combinations to produce unique dresses. The style of that period was characterized by short length and body-hugging shape. The cheongsam became widespread not only in Shanghai, but also in other mainland cities and Hong Kong.…

    • 728 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Cheongsam

    • 1397 Words
    • 6 Pages

    The cheongsam is a body-hugging (modified in Shanghai) one-piece Chinese dress for women; the male version is the changshan. It is known in Mandarin Chinese as the qípáo (旗袍) Wade-Giles ch'i-p'ao, and is also known in English as a mandarin gown. The stylish and often tight-fitting cheongsam or qipao (chipao) that is most often associated with today was created in the 1920s in Shanghai and was made fashionable by socialites and upperclass women.…

    • 1397 Words
    • 6 Pages
    Good Essays

Related Topics