demand for it is much easier . (2). Apply the concept of aspirational groups to the Blackberry brand. Should marketers have boundaries with regard to this concept? The aspirational groups can help in this area because when the aspirational groups see this as a trend more people will buy this product and they will be able to maximize their advertisements to their products . They can in fact use their product to reach out to the aspirational groups to be able to establish a firm market
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Victoria Secret: The Pink Line BUS 330 17 January 2011 1. According to Victoria Secret’s marketing department‚ their sub store‚ The Victoria Secret PINK Line‚ is for the casual college student and is used ideally as sleepwear. The clothes are very comfortable and relaxed. A non fashionable teen to young adult is Victoria Secret’s supposed target market. However‚ with tweens and teens becoming more mature at a younger age‚ they too are finding the brand to be a suitable replacement for kiddy
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Chatterjee Pink Case Study Questions May 17th‚ 2011 1. Analyze the buyer decision process of a typical Pink. * Consumers‚ not only Pink consumers‚ have a buyer decision process. This decision process includes need recognition‚ information search‚ evaluating alternatives‚ purchase decision‚ and post-purchase decision. In Pink buyer’s case‚ I believe many of them find the “need” to buy because they want to keep up with the newest trends and be fashionable. They are not buying this line of clothes
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Marketing mix strateies Future expansion History • Victoria’s Secret was started in San Francisco in 1977 by a Stanford Graduate School of Business alumni Roy Raymond FUN FACT: Roy Raymond always felt uncomfortable when buying underwear for his wife. Inspired by this‚ he founded the company that is now at the forefront of lingerie retailing worldwide. FUN FACT: The brand was named after the prudish Queen Victoria. And what was actually her secret? Only she will ever know. • 1st store opened in Stanford
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Victoria’s Secret has 1‚040 stores globally with more than 6 million square feet of retail space. Net sales are more than $5 billion and average sales per selling square foot are $581. However‚ when the word globally is used‚ it actually means the United States. International sales are mostly mail order or at a handful of airport stores. Victoria’s Secret could position their international presence better and is something they should work on. Victoria’s Secret still might be a secret to a lot of
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relates to toys from Wild Planet. 2. What demographic segment of consumers is Wild Planet targeting? 3. Visit the Wild Planet Web site at www.wildplanet.com to learn more about the company. How does the Web site help consumers through the buyer decision process? COMPANY Case 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
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Marketing Pink by Victoria Secret Monica Vigil Feb. 28‚ 2010 When making a decision many influences are a factor. Sometimes consumers buy products because of product loyalty. Often time’s consumers become habitual buyers. A typical Pink customer more than likely has seen the brand advertisements many times and or is already a shopper of victoria secret lingerie store. Even though the victoria secret line pink targets 18-30 year olds they have also attracted an even younger group‚ the tweens
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can be traced back thousands of years to 3000 B.C.‚ but it was not until 1977 when Roy Rogers founded Victoria’s Secret that lingerie evolved into what we think of now. In this paper‚ we examine the emergence of Victoria’s Secret as the leading retailer in women’s lingerie‚ the context for the innovation‚ and the approaches the firm took to commercialize the innovation. Victoria’s Secret was hardly the first lingerie retailer‚ but it was able to take advantage of a niche market demand‚ fortunate timing
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buyer decision process of a typical Pink customer. Answer: The buyer decision process consists of five stages: Need recognition‚ Information search‚ Evaluation of alternatives‚ Purchase decision and Post purchase decision. Post purchase decision Purchase decision Evaluation of alternatives Information search Need recognition Figure: Buyer Decision Process For the age group of 18 to 30 years that Victoria’s Secret Pink line claimed to have targeted‚ they are probably the one
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Limited Brands – Victoria’s Secret Economic Environment of the Firm Prof. Coleman Introduction The apparel industry faces various supply chain challenges‚ many due to the fact that the major part of apparel manufacturing activity for the United States market has moved outside the country to low-labor-cost countries in the Far-East. Thus‚ due to long physical distances‚ apparel companies in the US are continuously challenged to quickly respond to changing trends‚ to reduce long lead-times
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