Preview

Watson's

Powerful Essays
Open Document
Open Document
1265 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Watson's
CASE STUDY:
Watson’s is a store normally located inside SM malls or Department Stores since the brand had a partnership agreement with SM prime holdings, the umbrella company of SM department store in the Philippines. Being an anchor store of SM, Watson’s enjoys shelf display location priority along department stores, supermarket entrance, and sometimes an independent store along levels of SM malls. Customers of SM became also customers of Watson’s which made them shortly a popular brand. In spite of these store advantages, still SM cannot identify the specific target profile of customers who are buying at Watson’s. SM began conducting customer research of the target profile for Watson’s and they found out that customers have high recall for Watson’s store due to SM. Sales are doing well on concessionaire brands but in house brands by Watson’s are not reasonable.

GENERAL QUESTION: * As a sales manager for Watson’s, what do you think can be the reason why SM cannot actually identify the target customer profile of Watson’s?

-As a sales manager for Watson’s I think the reason why SM cannot actually determine the main target customer profile of Watson’s is because of the products and merchandise that are sold in Watson’s. the merchandise available in that retail store are scramble and very unrelated to each other that’s why you cannot easily determine what kind of retail store does Watson’s is having. SM cannot easily determine the target profile of Watson’s because any customer can come to Watson’s because Watson’s become more like a convenient store inside a mall rather than a personal care store. In fact, they can also group to as a drugstore because they even sell medicines and other pharmaceutical products. It will definitely be hard for SM to know the exact target customer of Watson’s because Watson’s can cater almost all the market because they almost sell anything. The products are very scrambled, indeed that they can be classified to as a convenient

You May Also Find These Documents Helpful

  • Good Essays

    Kudler Market Structure

    • 1203 Words
    • 5 Pages

    By use of the intranet website of the company there was tools and resources available to make an accurate picture of the company. Thus allow identification of the company’s strengths and weaknesses. The strengths of the company allows the company to sustain itself in the marketplace. However the company’s weaknesses imposes threats to the company to remain a leader in its current region. The company is an oligopoly market structure, because there are only a handful of similar stores that offer same products and services in its area. If the company imposes the recommendations, the company will be able to take a substantial lead in the market, and also began an adventure to become nationally known and become a profitable franchised…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Throughout this paper, I will explain the marketing research on Kudler Fine Foods. This paper will also discuss the significance of marketing research and how it affects the evolution of Kudler Fine Foods’ marketing strategy and tactics. Then, the fields where further market research is required will be distinguished. Subsequently, the significance of competitive intelligence and analysis concerning the promotion of Kudler Fine Foods’ marketing strategy and tactics will be considered. Kudler Fine Foods Marketing Research Kudler Fine Foods is primarily located in southern California with three successful sites. The original store launched in La Jolla in 1998 by Kathy Kudler, a creative thinker who wished for a place where she could purchase everything she wanted so that she could make dinner and thought that opening a chain of gourmet markets was the answer. The Del Mar and Encinitas sites were in motion within five years (University of Phoenix, 2013). Marketing research comprises more than just talking to a consumer and asking them to fill out a survey answering questions to find out how they agree and disagree. It implicates the identification of the elements of the part of the population that is the target market, the way people live and their values, and the information collected while conducting the fundamental research and analyzing the information. The results can then be used to make current business strategies better, make business decisions that are based on supply, demand, the demographics, avoid any indiscretions, calculate a correct likelihood and accurate probabilities centered on consistency of past experiences, and decide which strategic expenses are sensible for the company. Marketing research draws in a lot of time and can be expensive, before making valuable marketing choices and a communication strategy, it is essential to reflect the different kinds of buyers and consumers, and…

    • 1084 Words
    • 31 Pages
    Better Essays
  • Powerful Essays

    The definition of marketing as stated by the American Marketing Association is that: “Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.” (marketingpower.com, 2008) Marketing is not a choice but yet an essential part of any business. Kudler Fine Foods is a local upscale specialty food store located in the San Diego metropolitan area. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has a large amount of retail space located in a stylish shopping center. The stores are stocked with the very best domestic and imported produce (phoenix.edu, 2008). Kudler Fine Foods has decided to explore new options to which they might offer to their customers. This paper will first justify the importance of marketing research in the development of Kudler Fine Food’s marketing strategy and tactics. Next the paper will explain Identify the areas where additional market research is needed.…

    • 1298 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Publix strives to meet the every needs of each individual customer. Their objective is to match Publix’s products and services offered with demands from their customers to assure competitive success. Throughout the marketing division, the department ensures the customers necessities or requests drive the design and performance for the products proposed. Additionally, the marketing strategies determined would maximize the long-term profits that are effectively implemented throughout Publix’s organization. Successful implementation creates discernment among customers that illustrates marketing has successfully reached its target markets. The team of marketers believes in developing a group of expert resources and maintains a team of specialists rather than generalists. Among the…

    • 805 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Proposal

    • 3044 Words
    • 13 Pages

    The research proposed intends to ultimately inform management of the attributes of SM’s general customer demographic, intentions and perceptions to facilitate their capacity to add customer value and market its value concept to the appropriate demographic to enhance customer retainment and satisfaction.…

    • 3044 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    When dealing with a large corporation such as Starbucks, marketing plays an important role in the success of the company, coupled with a strong foundation, careful planning and organizing which are all essential activities within the corporation. It is also important that managers develop and process effective marketing skills that will focus in the areas of sales revenue forecasting, positioning and strategic marketing. When introducing a new product, it is Starbuck’s goal to effectively position the company in the target market area and to equally develop the mental concept that will impact on the company, in addition, help to sustain any future hardship in the marketing world. It is equally important that managers maintain awareness and understanding of their customer’s needs, likes, and dislikes by establishing a customer relationship. This approach will further enable managers to learn more about the market trend. “An effective network of communication is essential for any form of promotional activity. It enables an organization not only to communicate with its customers and satisfy their expectations, but also to build an image with the world at large. Such an image will help others to form a judgment about what the organization stands for and will influence their dealings with it. It is important then, for organizations not only to look at their competitor’s products, but also at how they deal with their customers because the customer’s needs and requirements are identified in every area of organizational activity. For marketing purposes, communication of products and or services contributes to the…

    • 1559 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Pret a Manger Research Paper

    • 3567 Words
    • 15 Pages

    Prêt-A-Manger (also known as Prêt) was founded in 1986, with the aim of serving customers with quality food and exquisiteness. It is a well-known grab-and-go store offering a variety of freshly-made food like sandwiches and salad. The target customers are expatriate workers and white collar adults in the central business districts, who are attentive to their diets. This is in accordance with its positioning that Prêt provides premium healthy and quality food which is freshly made every day.…

    • 3567 Words
    • 15 Pages
    Best Essays
  • Good Essays

    Who Shops at Walmart?

    • 337 Words
    • 2 Pages

    The essay mainly talks about Wal-Mart is interested to develop new formats to attract more people who don’t usually shop there. Wal-Mart began advertising for a merchandising executive to help evaluate new formats. The advertising team is looking into formats to push into upscale convenience stores on the West Coast because Wal-Mart’s smaller brand, the more upscale Sam’s Club, has been growing much faster than Wal-Mart. The researdi document breaks US. Shoppers into seven segments - three like Wal-Mart a lot and four doesn’t like it so much. There are 56% of customers loves Wal-Mart which still outnumber the haters at 44%. The three kinds of price-sensitive shoppers who like Wal-Mart are “Price-Value Shoppers”, “Brand Aspirationals” and the “Price-Sensitive Affluents”. For people who doesn’t like Wal-Mart are the “Less Price Sensitive Segments’” which are “Social Shoppers”, “Trend Quality Seekers”, “Convenience Seekers” and the “Conscientious Objectors”.…

    • 337 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Chaid Analysis

    • 417 Words
    • 2 Pages

    Such customer profile will give the Sales & Marketing Team a clear picture of which…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    * Customer Satisfaction Survey * Consumer Perception Survey * Service Quality Study * Service Blueprinting * Service Process Mapping – Back stage, on-stage * Improving service quality using service blueprinting * Competition Analysis * Service standards * Study on effectiveness of employee’s role in service delivery * Effectiveness of channels (distributors/ DSAs) in service delivery * Effectiveness of channels (on-line/ Internet) in service delivery * Customer Data Analysis * Study of Institutional markets * Effectiveness of promotion schemes * Measurement of Brand awareness and brand perception * Customer Loyalty study * Study of purchase influencing factors *…

    • 908 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    metabical

    • 2039 Words
    • 8 Pages

    After an extensive marketing research CPS has managed to obtain valuable information regarding its potential customers, which will be leveraged to better comprehend and recognize the…

    • 2039 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Marketing Mix Paper

    • 1349 Words
    • 6 Pages

    A marketing strategy provides a big picture of what a firm can do in a specific market. When creating a marketing strategy, a firm must identify a target market and a related marketing mix. A target market is "a group of similar customers to whom a firm wishes to appeal," and a marketing mix is "the controllable variables the company puts together to satisfy this target group." (Perrault and McCarthy 36) Focusing on specific target customers can help a firm develop a marketing mix that satisfies those customers ' specific needs better than another firm, making a firm less likely to face direct competitors.…

    • 1349 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Several issues are involved in selecting target customers. We will consider these in more detail within…

    • 1602 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Background: In recent years, retail business sector continue to boom in Batangas City. This challenges all entrepreneurs on how to retain within the circulation. Objective: The main purpose of this study is to identify factors affecting customer loyalty to Citimart Supermarket in Batangas City. Methodology: In this study, data has been collected by distributing self-administered questionnaire among 150 consumers involving customers shopping at three Citimart Supermarket stores in Batangas City through quota and random sampling method. Data analyses is carried out through SPSS version 16 program. Statistical techniques such as frequency distribution, reliability analysis, correlation analysis and one-way anova was used. The purpose is to test the relationship among independent and dependent variable. Results: The results revealed that service quality, product quality, price strategy and store attribute have positive and significant relationship with customer loyalty. Conclusion: The study concludes that to maintain market share in today’s competitive business environment and retain loyal customers, organization should focus on customers’ overall satisfaction. The study recommends different marketing that can be used to boost customer loyalty.…

    • 4346 Words
    • 28 Pages
    Best Essays
  • Satisfactory Essays

    Questionnaire will be used to collect the set off answers in the study. The questionnaire should be arranged in order to collect important information. It is will be used to measure the Effect of Marketing Mix to the Customer Satisfaction of Mercury Drugstore in P. Guevarra St. Sta.Cruz, Laguna in year 2012-2013.…

    • 338 Words
    • 2 Pages
    Satisfactory Essays