marketers endorse this idea as they try to create brand personalities that will appeal to different types of consumers. Brand personality refers to the set of human personality traits that are both applicable to and relevant for brands (Azoulay & Kapferer‚ 2003). For instances‚ Apple has a branding strategy that focuses on the emotions. Its brand personality is about lifestyle‚ imagination‚ innovation‚ passion‚ dreams‚ aspirations‚ simplicity‚ people-driven product design‚ and
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When you think of the word fashion‚ what do you think? Do you think about outrageous runway outfits? Cocktail dresses? Tracksuits? Whatever your impression of fashion‚ it is obvious that fashion plays an important role in today’s society. We are judged by our clothing and appearance on an everyday basis‚ so why not make the most of our choices? Everyday‚ we see hundreds of people. Whether we see them on the street‚ at work‚ at school‚ or on television‚ people pass through our visual field. Fortunately
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ratios from their financial statements from 2010-2012. 2.1 Profitability analysis 2.1.1 Net profit margin Table 2.1 Mulberry and Burberry’s net profit margin Net profit margin | 2010 | 2011 | 2012 | Mulberry | 4.12% | 14.03% | 15.02% | Burberry | 6.42% | 13.74% | 14.27% | Data source: Mulberry’s and Burberry’s 2010-2012 annual reports From Table 2.1 it can find that Mulberry’s net profit margin was lower than Burberry’s in 2010‚ while higher after 2011. Although both had a rapid increase
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stunning adverts. Bearing in mind the development of technology‚ "It is well known that markets grow by the reduction of unit prices: this is how the computer became a household necessity"‚ this could not be possible without a good marketing strategy (Kapferer 2012‚ p.205). Ever since I finished High School‚ I stood among people that set up businesses without any help‚ dealing with problems and learning from the occurred challenges. My thirst for knowledge had increased when somebody introduced me a multilevel
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China’s luxury shoppers are shifting away from flashy labels toward more subtle designs‚ according to an HSBC report. NEW YORK (CNNMoney) -- At first blush‚ it looks like luxury has a China problem. After a blockbuster 2011‚ major upscale brands Burberry and Louis Vuitton recently shook up this rarefied world by reporting a slowdown in their China sales. But the China luxury story is murkier than it appears. That’s because sales remained strong at key fashion rivals Prada (PRDSY) and Hermes (HESAF)
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Burberry Target Market Wealthy business owners‚ CEOs and COOs and their spouses Worldly citizens Label and fashion conscious shoppers Celebrities Consumers seeking quality merchandise Younger professional 18-30 SHANGHAI TANG Current Market Segment Upper middle class Professional‚ Managers‚ Executives‚ Businessmen (PMEBs) Age:25-39 especially high-income chinese women between 30-35 Now attract Westerners who are interested in Chinese tradition PMEBs Lifestyle Spendthrifts‚ willing to spend up to
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To what extent is the ability to adapt to local cultures and tastes the key factor in determining the success of businesses trading with or operating in China? Businesses need to adapt to local culture and tastes in order to appeal to the market that they are selling in. By doing this they will help ensure that their product/service is a success and does not fail as it did not meet the consumers standards and needs. I am going to explore how Disneyland‚ Starbucks and Lego‚ along with some other
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References: Kapferer‚ J. N.‚ and Bastien‚ V.‚ 2009‚ “Luxury strategy: Break the rules of marketing to build luxury brands”‚ Kogan Page Limited‚ United States Donaldson‚ L.‚ 2001‚ “The Contingency Theory of Organizations”‚ Sage Publications‚ Inc.‚ California Northouse
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When Luxury Fashion Brands Meet Social Networks Introduction “Fashion is not something that exists in dresses only. Fashion is in the sky‚ in the street‚ fashion has to do with ideas‚ the way we live‚ what is happening.” -Coco Chanel In the fashion industry‚ it’s about going ahead and setting the trend or run as fast as you can to not be out of date. What’s happening right now is that the way people communicate and keep connected has been changing because of the internet and so called social
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Kate Moss. What comes to mind when you hear that name? Supermodel‚ Drug Taker‚ style-icon‚ mum‚ actor‚ singer or a walking billboard of what you will see every teenager around the world wearing the next week? As a matter of fact she comes under all those things. Katherine Moss born on the 16th of January‚ 1974 was the English teenager who was discovered at the age of 14 by the founder of an exclusive modeling agency in New York. Sarah Doukas as she is called spotted Moss at the JFK Airport in
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