1.0 Introduction Consumer Behaviour is the study of the processes involved when individuals or groups select‚ purchase‚ use or dispose of products‚ services‚ ideas or experiences’ Solomon‚ M.R (2002)p5 2.0 The Consumer 2.1 Demographic Characteristics Characteristics of consumer markets based on demographics include differences in factors such as gender‚ age range‚ marital status‚ education‚ occupation and income level. We look at these characteristics as they are the elements of a potential customer’s
Premium Target market Target audience Vermiform appendix
company that I choice is Burberry Company. The type of Burberry Company is Public Company. Burberry is under Fashion industry. The founders of Burberry brand is Thomas Burberry. The headquarters of Burberry company is at London‚ England. Area that Burberry served is worldwide. The key people of this company is John Peace as the chairman‚ Angela Ahrendts as a CEO and Christopher Bailey as COO. Product that Burberry produce is Clothing‚ Accessories and Perfumes. The revenue of Burberry Company in 2012 is
Premium Management occupations Corporate governance
Burberry case http://laurenmjacobson.wordpress.com/case-studies/burberry-case-study/ TARGET Who is Burberry’s target customer? Burberry’s target customer is someone who wants luxury while being functional. The brand’s point of difference with other luxury brands is that they could be luxury‚ aspirational‚ and functional. Burberry decided they were going to reach these customers from Bravo identifying their niche betweens labels of Polo Ralph Lauren and Giorgio Armani on the apparel side
Premium
Burberry Burberry has positioned itself well among its competitors as a result of focusing on “functional luxury”. By augmenting its product line to include both fashion and continuity products‚ Burberry can meet the needs of a wider range of customers. The fashion component addresses the latest trends while continuity products maintain the integrity of the timeless and very classic Burberry “feel”. While many of its competitors do offer a complete product line of apparel and accessories‚ some
Premium Brand Brand management Advertising
1. Introduction 1.1 Burberry was founded in 1856; originally focusing on producing ‘innovative functional outwear.’ Over the years Burberry has adapted to changing trends and tastes to suit the consumers wants and needs. Additionally the extension of their product portfolio‚ for example their perfume and accessories range‚ is a response to competition from leading brands such as Ralph Lauren and others. Burberry set out to create a luxury‚ premium brand image‚ however in recent years in Britain
Premium Unemployment
Burberry Introduction Burberry is a UK fashion brand that under the helm of creative director Christopher Bailey has defied the recessions in both the UK and US and global spending slowdowns to become one of the top 100 most valuable brands in the world with a vast product range‚ and an impressive portfolio of worldwide stores. In 2012 it ranked 51st in the FTSE 100 and had a market capitalisation of over 6.5 billion. Burberry’s main competitors are Armani‚ Coach‚ Polo and Gucci‚ their positioning
Premium Ralph Lauren Advertising Gucci
When it comes to Burberry‚ it is widely believed that this brand is extremely well-known. Burberry is a great corporation with a glorious history. It was established in a small town named Basingstoke in UK by a twenty-one-year-old boy. At the very beginning it was just a small-scale tailor shop. By the year 1870‚ that tailor shop had grown to a large-scale general merchandise store because of its creation and high-quality products. An important year for Burberry was 1891‚ when the firm was formally
Premium Trademark Brand
Marketing strategy Case 3 – Burberry: reinventing the brand [pic] M2 AEI‚ CAI. Année 2010-2011 Le groupe est composé de : Sandrine MONTEIRO 20704637 Hang TRAN THI THU 20411867 Tony TRAN 20809641 Saysavath VANISOUVONG 20808838 How were the clothes bearing the Burberry name augmented to create a brand before the 1980s? Mix marketing (before 1980s) Product: • In 1856‚ Thomas Burberry proposed gentlemen’s outfitters (men’s clothes) with high quality clothes. • After that
Premium Brand Brand equity Branding
products. Burberry is Interbrand’s top 100 global Brands this year and has been heralded as one of the most innovative brands in recent times‚ taking deep strides in the digital world. Its record sales are further testament to its strong branding. * * Diversified network Burberry distributes its products through retail‚ wholesale‚ e-commerce and licensing distribution channels. This balanced mix diversifies distribution and reduces risk. Burberry sells its products to the end consumer through
Premium Brand management Brand Branding
Market Segmentation and Consumer Profile Segmentation is sometimes referred to as differentiated marketing. Instead of trying to sell just one product to the whole market as in mass marketing‚ different products are targeted at different segments. This is a form of niche marketing. To be effective‚ firms must research and analyses the total market carefully to identify the specific consumer groups or segments that exist within it. Below are some examples of market segmentation: Computer manufacturers
Premium Marketing