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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Market segmentation Brand‚ Product and Company Positioning Growth strategies Differentiation strategies 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
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Victoria’s Secret is all about keeping the brand hip. Victoria Secret does offer lingerie‚ but also has a lot of signature clothes‚ such lounge pants‚ t shirts‚ hoodies‚ and sleepwear that targets young shoppers. Pink is a big brand in the market‚ it’s very fashionable and satisfying to customers. A typical Pink customer is young and fashionable‚ and they make their buying choices from their personal influences. Pink offers sexy‚ comfortable‚ playful‚ lounge wear for usually anyone eighteen and
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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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Retail Term Project A) History of the Company “Victoria’s Secret is inspired by a love for lingerie‚ and the desire to bring beauty—and fantasy—into every woman’s wardrobe. We believe little luxuries are of grand importance. And what’s closest to your body is always closest to our heart” (Victoria’s Secret Facebook page). Victoria’s Secret was originally founded in 1977 by Roy Raymond; the store was opened in San Francisco. The reason he opened the store was because he always felt uncomfortable
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Creative Brief Victoria Secrets Issued by Company Date Issues Project Name Task Required The task is to design a new campaign/roadshow for Victoria Secrets. It will be held in some Malls around Malaysia with Victoria Secrets stores. It could be Pavilion‚ KLCC‚ 1 Utama‚ or Mid Valley. It would required the following: • • • • • • • • Print Communication Advertising Brochure Invitation Booth Stage Uniform for the promoters Strategy Ideas Background : : : : Rizki Rahmat Ridha Victoria Secret April 9‚ 2013
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Kaplan University Victoria Secret‚ a subsidiary of Limited Brand LTD‚ began its operations in the United States in the 1970’s. The company has faced many uphill battles and many successes. Victoria Secrets American operations are head quartered in Reynoldsburg‚ OH. Currently the successful lingerie and beauty product store has more than 16‚000 employees domestically and operate over a thousand retail stores domestically. To accurately measure the success of Victoria Secrets operations domestically
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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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Victoria’s Secret Pink: Keeping the Brand Hot 1. Analyze the buyer decision process of a typical Pink customer. Tween and Teen girls are the major target customers for Pink. Victoria’s Secret needed to expand sales. Introducing the Pink brand was a great way to target new customers for growth. Younger girls aspire to be like older girls and are becoming more mature at a younger age. They want to wear clothes that fashionable‚ trendy‚ and hip so they are drawn in to the Pink brand because it is
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Victoria’s Secret Pink: Keeping the Brand Hip Case 1. Analyze the buyer decision process of a typical Pink customer? The buyer decision process of a typical Pink customer is must be select the major target customers for Pink. This process can be divided into several stages. For first stage‚ the buyer should recognize the need of product. Victoria’s Secret Pink’s products the young and teenagers customers recognize the need of fashionable clothing from Pink’s store. The customers need to search
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