the market because they have obviously made it clear as to who can use their products. They must have used something called the Market Segmentation. "The process of dividing a market into segments is called market segmentation."(Kapoor‚ 421) Below is the figure of the process that goes on in Market Segmentation: Some of the common bases of market segmentation are: demographic‚ psychographic‚ geographic‚ and behavior. When we talk about demographics‚ we are mentioning age‚ gender‚ race‚ ethnicity
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Luxury stretching: a practice that has changed the sector Stretching has allowed luxury companies to grow more quickly‚ without being limited to growth in their luxury lines‚ or being restricted to growth in demand for the products of their original trade. Though many have departed from luxury‚ some have retained that status to their primary products. The practice of stretching is driven by financial need. While there is a high margin on luxury items‚ there is a low volume‚ and maintaining
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feminity” is one of the slogans for J’adore. 2. Dior uses different market segmentations to sell their product. First of all‚ there is a geographic segmentation. Perfumes are luxury products. Thus‚ they target wealthier areas like North America‚ Western Europe‚ Japan‚ etc. Since Dior is popular worldwide‚ we can obviously find it everywhere‚ but their market is based on these areas’ needs. Then‚ they use demographic segmentation. They target adult women who have quite high incomes. Perfumes are something
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strategies based on LIFE STYLE segmentation‚ almost attracting different niches‚ charging a premium price and offering the desired product in a unique pattern‚ the decision to expand abroad is still a big question mark Solutions required for below Issues/Situations: a). Being a part of strategic management at Amir Adnan‚ what other segmentation techniques will you propose in order to capture the foreign markets successfully as merely lifestyle segmentation is not functional enough for the
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Copa Cruises - Welcome Aboard! Copa Cruises is a 40-year old company that offers dining and sightseeing cruises. What started with only one ship at Maryland’s Eastern Shore‚ is now a big business operating at multiple locations with 40 vessels. Copa operates scheduled tours at least twice daily during the peak travel/tourism seasons at each of its locations. The total number of scheduled tours varies based on the number of vessels available at each location. Copa also offers its ships exclusively
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The Fashion Channel needed to boost segmentation‚ positioning and advertising in order to maintain their current standing. Dana Wheeler was hired to draw on their strengths to help TFC eliminate competitors. TFC realized they need to focus on their target market of women between the ages of 18 to 34 years old. Overview of Recommended Action Dana Wheeler should consider the following these steps in trying to increase ad revenue: 1. She can target segmentation and position towards women between
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company KARL LAGERFELD as the major player of the creative industries. The creative director of the brand KARL LAGERFELD is Karl Lagerfeld himself. He is one of the industry’s truly iconic designers and is also the creative director of the brands Chanel and Fendi. The branch of the company is clothing and fashion. Karl Lagerfeld decided to create a brand under his own name‚ namely KARL LAGERFELD. The brand has gone through many ups and downs and several changes of ownership. In 1998‚ he began to
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Strategic Management ASSINGMENT Amina Alshaikh 685 (1) In fundamental terms‚ entering a new country-market is very like a start-up situation‚ with no sales‚ no marketing infrastructure in place‚ and little or no knowledge of the market. Despite this‚ companies usually treat this situation as if it were an extension of their business‚ a source of incremental revenues for existing products and services. Two aspects of the typical approach are particularly striking. First‚ companies often pursue this
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with Paris in the middle. France is the Mecca of this fashion world and where the officials lie that can make or break you as a couturier. The designers have a pilgrimage in Paris twice a year‚ January and July. Some of the designers like Coco Chanel‚ Christian Dior‚ and Yves Saint Laurent are practically household names (except you would have to live in a mansion to afford them). In the rest of this research paper‚ I will be reporting on the history of French Haute Couture ’ and highlighting
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HBS CASE: The Fashion Chanel 1. Insights from the consumer and market data : Most of current viewers are females 34-53 years old. The fashion channel should target 18-34 years old female that is highly valued demographic group‚ to reach premium CPM (cost per impression‚ advertising pricing unit). Both competitors Lifetime and CNN channels were achieving notable ratings. The clusters that most engage in fashion and most likely to have interest in TFC contents is Fashionistas and planners/shoppers
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