Marketing Plan King of Shaves
I. Executive summary
King of Shaves (KOS) is a British-based shaving, skin care and grooming brand founded by Will King. King incorporated KMI (Knowledge & Merchandising Inc. Ltd.) on April 13th 1993. It is KMI which owns the King of Shaves brand, along with other “premium-mass” toiletries brands. King of Shaves is sold internationally at the company's web site and through retailers worldwide. The brand's principle markets are the UK, USA, Australia, Scandinavia and New Zealand.
II. Current marketing situation
A. Market overview
i) Market demographics and needs
2.1.1 Market Demographics
Geographic
• The immediate geographic target is the countries UK, USA, Australia, Scandinavia and New Zealand
Demographics
• Principal customers are men.
• High income
Behavior Factors
• Good hygiene habits
• Concerned with appearance
.
2.1.2 Market Needs
King of Shaves seeks to fulfill the following benefits that are important to their customers.
• Quality: only sell products that can prove the quality
• Accessibility: People can easy by the products, by net or by the retailers that are increasing.
The life style is being more troubled and the need to have good looking is increasing, which makes the society more demanding and increases the integration need.
The main users of King of Shaves products are men, but with the launch of products for women, they started to be consumers too.
Users have good hygiene habits; they are concerned with their appearance and spend money to be more beautiful.
These clients are very demanding and always want a good product, so King of Shaves has a concern with the products’ quality. The product itself is made for and to be used by the company.
ii) Market trends and target market growth
Men are more worried about their appearance. Nowadays they don’t want only basic products, they want products to care their image, skin, hair, body, and so long. The concerns of men are changing and King of Shaves has a
King of Shaves (KOS) is a British-based shaving, skin care and grooming brand founded by Will King. King incorporated KMI (Knowledge & Merchandising Inc. Ltd.) on April 13th 1993. It is KMI which owns the King of Shaves brand, along with other “premium-mass” toiletries brands. King of Shaves is sold internationally at the company's web site and through retailers worldwide. The brand's principle markets are the UK, USA, Australia, Scandinavia and New Zealand.
II. Current marketing situation
A. Market overview
i) Market demographics and needs
2.1.1 Market Demographics
Geographic
• The immediate geographic target is the countries UK, USA, Australia, Scandinavia and New Zealand
Demographics
• Principal customers are men.
• High income
Behavior Factors
• Good hygiene habits
• Concerned with appearance
.
2.1.2 Market Needs
King of Shaves seeks to fulfill the following benefits that are important to their customers.
• Quality: only sell products that can prove the quality
• Accessibility: People can easy by the products, by net or by the retailers that are increasing.
The life style is being more troubled and the need to have good looking is increasing, which makes the society more demanding and increases the integration need.
The main users of King of Shaves products are men, but with the launch of products for women, they started to be consumers too.
Users have good hygiene habits; they are concerned with their appearance and spend money to be more beautiful.
These clients are very demanding and always want a good product, so King of Shaves has a concern with the products’ quality. The product itself is made for and to be used by the company.
ii) Market trends and target market growth
Men are more worried about their appearance. Nowadays they don’t want only basic products, they want products to care their image, skin, hair, body, and so long. The concerns of men are changing and King of Shaves has a