Customer demographics vary according to an individual company 's strategy. Companies also consider customer lifestyle (casual, working professional, etc.) when developing marketing plans. Marketing and promotional vehicles include TV, print, and newspaper advertising; direct mail; catalogs; social media; and in-store events. Large chains may…
The store is predominantly branded, but there is some private label merchandise carried within the departments. For 2013 Private label has not been as profitable as Branded merchandise and the buyer of Men’s sport shirts is seeing a trend toward “labels”…
2) what groups of people buy what product: Again this would be targeting who buys what. We may discover that males prefer productA and females prefer productB. Or young customers prefer different products that older. This would help marketing also on targeting sales.…
As far as the market sector: it is decided by three criteria which are Behavioral, Psychographic and Profile variables. Behavioral variables are those that are wanted from the product, and buying patterns such as frequency and volume of purchase which might be considered the fundamental basis of any company. The Psychographic variables are used when the company’s’ purchasing behavior correlates with the personality or lifestyle of customers. There are consumers who have different personalities and their lifestyles are more indecisive towards a specific product. Their choices are determined by their economic and social standing so with that being said a…
The company will target consumers based in gender and age. There is a strong demand at all ages and gender.…
• Explain demographics, Geographic’s, psychographics and why companies use these methods to segment the market effectively…
facility and, to a large extent, the merchandise mix. In general, stores offer a wide selection of merchandise…
|Commercial |Next Retail Chain |Their products are fashion related, such as clothes, shoes and |…
Popular brands have a larger scope in terms of the number of stores around the world.…
The stores are located in various locations, including town centres, high streets and shopping centres and cover a wide geographic and size range.…
The types of products that they commercialize are specialty items. They pride themselves in their hand selected range of vintage dresses, tops, coats, and more--which are tailored each season to satisfy the customer's runway cravings. Their items do not only have a high-fashion statement, but also every piece is truly unique. They have also added new designer clothing pieces to their inventory. Their target market is the demographic that fits middle to…
It has a range of the products and the services for the right customers at the right time.…
H&M’s target market is people aged between 15 and 40 years of age, who are interested in fashion, beauty and spending money on trendy clothes, however also provide for children, cosmetics and home ware assortments. The company recognises though, that the most profitable and popular segment within its market lies in females aged between 15 and 25. H&M provides for two types of shoppers: a necessity based shopper and a fashion enthusiast whose…
The strategy is to create a different shopping experience to its customers and mostly targeting customers from the age 18 years to 30…
For demographic segmentation, the target market would be the late Generation X and the early generation Y. Generation X consist of people born from 1965 to 1980 which the Generation Y consist of people who are born from 1980 to 1995 (Principles Of Marketing A Global Perspective 2009). Generation Y, teenagers can be targeted through their editorials. Generation Y, being more technological savvy would be targeted to allow them to know about the brand. They would be the future customers when they start to have higher purchasing power. Generation X, the working adults would be expose to technology because of their work and they also have a higher disposable income, thus they will be the primary targets for sales of the luxury products, which Mr. Porter…