Teens today have much more of a variety of apparel retailers that are geared towards their generation.
Cited: http://industry.bnet.com/retail/10003066/jc-penny-integrates-teen-marketing-as-online-hub/ http://www.slate.com
The purpose of this report is to identify whom the millennial customer is, why they are so important to the future of Nordstrom as a company, and how we can better capture this opportunity to have continued success in later years. The first sections of the report discuss who the millennial is and also covers the sector of this industry that caters to the market of the millennials. Both a SWOT and competitive analysis was used to assess the market place and where Nordstrom currently stands relative to the competition that is favored by the millennial customer. The report also mentions what strategies will be used to capture this segment of the market through remerchandising, updating visuals in current departments, revamping those departments that are not very successful company wide, and improving the current utilization of our social media efforts on an individual store level. Finally, each of our strategies will further explain what tactics we will use to accomplish our marketing objectives .…
Often times the type of messages transmitted trough marketing efforts have the intended target of a certain group. As those groups are captivated and drawn into the advertising, they are identified and singled in as the intended segment. Because these segments are the product of rigorous research and analysis of marketing specialist, the attitudes, perceptions, and needs are the key to creating promotional messages. In this paper I will analyze the different types of facets that are important to market individual groups identified by their age. The group I will focus on would be teenagers and how marketing specialist utilize the collected information…
A critique of “Marketing to the Millennials” In her essay “Marketing to the Millennials,” Suzy Menkes addresses the subject of marketing for the Millennial group. Menkes believes that the Millennial group provides a huge incline in today’s marketing system, and that the Millennial group is necessary when coming up with marketing strategies. Menkes does this by using detailed terminology from the marketing business. Menkes’ assertion that the Millennial group is important in consumerism is correct, due to the fact that Millennials are a huge group and consume a large amount of marketed goods.…
With our main objective in mind, we have proposed an Integrated Marketing Campaign that is geared towards our target market of young adults. By choosing alternate forms of media that appeal more to our younger target market, we can place Macy’s in these customers’ evoked set. For example, we plan to use media outlets such as social media websites, television, magazines targeted to young adults and direct marketing through email. A main feature we have outlined in this plan is an Interactive Dressing Room on the Macy’s website which will grab the attention of our technologically savvy target market and hopefully form lasting relationships with the company.…
Alissa Quart’s novel should have had a warning label on the front stating, “Would you like to know what’s really going on around you or just keep living your life.” While reading this novel I felt like I was being led by Morpheus, showing me the world after ingesting the red pill. Quart explaining the different pressures that society forces on young teens was very eye opening. Quart sparked a lot of childhood memories when explaining brand identification and the pressures peers put on each other. One memory that really sticks out is walking through the mall with my mom and buying clothes for the start of seventh grade. I insisted on only going to Abercrombie and telling her that I wasn’t shopping at Old Navy or Gap any more. Looking back made me realize how silly I was, but I understand why I felt this way. Quart explains how marketers bombarde magazines, commercials, billboards, etc with their advertisements. Back in seventh grade, Abercrombie was cool. Everyone wanted to be one of those sexy models in their ads. Quart did make me feel a little brainwashed; I didn’t choose the clothes because I liked them but only because advertisements told me too. So much of our daily lives has media exposure that its hard not to look, especially at young ages when your open to almost anything.…
“Wal-Mart Stores Inc, the world’s largest retailer, wants to be your local neighborhood store” (Kumar, 2011). Wal-Mart has launched “My Local Wal-Mart” pages on Facebook for more than three thousand five hundred of its stores. This is one of many current marketing strategies that Wal-Mart currently has in place. This strategy is both a generic and segmented marketing strategy. This strategy is generic by appealing to a mass-market and is segmented by appealing to the psychographic segmentation. By using the internet and social networking sites to connect with customers, they can keep customers informed on all events and specials currently being offered. This is an example of mass-market generic marketing strategy. This is also a segmented marketing strategy appealing to the psychographic segmentation of youth customers by utilizing social networking sites to lure customers. This is only one of many current marketing strategies that Wal-Mart is currently employing.…
The purpose of Chapter 5 is to write a summary of this project, make recommendations and give conclusions. This paper focused on the behavior of the millennial generation and how it is affecting companies. The research also evaluated the financial situation of Macy’s and its principal’s competitors inside and outside the retail market. A SWOT analysis of the Company tried to find what weaknesses or threats are hitting and transforming the business. Here, the main point consisted in the focus of find solutions that the Company can implement to reach and capture the Millennials generation. The research found that Macy’s, due its enormous capabilities, with the implementation of effective strategies, will be able to catch and gain the controversial…
J.Crew is a very successful brand that reaches out to young business professionals; however J.Crew, specifically at Stonestown mall, is having difficulty reaching out to the college students at San Francisco State University. J.Crew believes the students at SFSU are a smart target to reach, considering the University is located right next to the Stonestown mall. Although J.Crew believes the college students are smart target to reach, many students are unaware of the student discount they offer. Looking over J.Crew’s past marketing campaigns, they have used older looking models. When doing our research, we noticed that J.Crew’s top competitors: GAP (Banana Republic), and BCBG use younger, college age range, type of models. With this is mind, we feel that the best advertising campaign is to follow their competitors and choose younger looking models, in order to reach out to the college market. J.Crew’s competitors use fun advertising methods to reach out to a younger market. We noticed in all of GAP holiday commercials, the young models are jumping around having a good time. We get a sense of fun and playful energy from the commercial, which could draw in college students. Gap also gives off a feel of comfort, casual and trendy style in clothing for the everyday college wear. We feel that if J.Crew starts advertising with younger looking models emphasizing on basic wear of a typical college student, J.Crew may have better success at reaching out to the SFSU students.…
The most significant component to successful marketing is to gain the loyalty of the youth. Today’s consumers relate to brands that help define who they are and who they will like to be in the future. The youth in China are now deciding what they want for their own lives. In the past, their parents and elders were deciding and choosing what was best for them. The families did not have much money. Unlike the youths in the U.S., the youths in China are more focused on more of what they need. They want to figure themselves out and define who they are. They are finding more way to individualize themselves and be unique.…
Advertisers are beginning to focus their attention on teen consumers more and more because of the influence teens have on other teens, the growing efforts teens make to fit in with society, and their ability to spend more money on items because they lack paying life-time payments, and being an adult.…
It is quite simple when they explain the facts. It is explained that teenagers do not have to worry about paying a house mortgage, car payments or other bills and because of this they have more money to spend on anything that they wish to spend it on. They also still have their parents that will still spend money on them. Because of these reasons, teenagers is the age group that is the largest consumers. I enjoyed how the documentary then explained the entire reason why companies need to make their product “cool.” Teenagers are constantly trying to keep themselves caught up with all of the latest trends and what is considered “cool” to amongst themselves. Because of how difficult it is to know what the next trend will be it is important for companies to hire people that will go out and learn what is cool. The way that the writers present the information in the documentary is important because they present it in the form of facts. By letting…
References: The Guardian (2012) The Future of Marketing According to Youth: What 16 – 24sWant From Brands. Retrieved from www.theguardian.com/media-network/media-network-blog/2012/oct/25/future-marketing-youth.…
Many people in today's society are distressed greatly with ones rank in the social hierarchy; material possessions of all sorts seem to construct, shape, and style the lives of consumers all over the world. Consumers all over the world are becoming more and more demanding as more and more is being advertised. Many companies, such as Apple, often advertise months in advance for products creating commotion, attentiveness, and desire among the world. Stores, such as Old Navy, inspire consumers to shop at stores like theirs to feel pleased and satisfied with how much can be bought with such small amounts of money; when in reality, the consumers are spending money on their identity.…
The future of our country is in a serious predicament; we have let a political…
Mead, Rebecca. “Shopping Rebellion: What the kids want.” The New Yorker 18 Mar. 2002. 20 Jul. 2010. .…