Promotion Strategy 9 Conclusion 10 Appendices 11 Introduction The Lululemon marketing plan for 2010 includes recommendations and goals for the Lululemon brand‚ as well as goals for the newly proposed male brand Outer Muscle. Main objectives include: ➢ Introduce Male Brand Outer Muscle o Target “Educated Physically Active Male” o Price male brand similarly to Lululemon brand‚ using more-for-more pricing. o Positioned as high-price Yoga/Exercise Apparel o Increased
Premium Marketing Brand management Brand
Consumer wants and needs (vs. Products) You can’t develop products and then try to sell them to a mass market. You have to study consumer wants and needs and then attract consumers one by one with something each one wants. Author of the movie Field of Dreams‚ J.P. Cancilla may have exclusive rights to the phrase "build it and they will come". In most cases‚ you have to find out what people want and then "build" it for them‚ their way. Cost to satisfy (vs. Price) You have to realize that
Premium Marketing Sales Business
exercise? For yoga or if just want to sit home and relax. If one is passionate about health and athletic lifestyle ‚ they should choose Greenlight Apparel firm and if one wants to be unique with their ideas and life philosophies ‚ they should choose Lululemon Apparel. Greenlight Apparel is an athletic gear company with a mission “proving to provide” simple and challenging lifestyle. The motto‚ “Wear it for Good” ‚ says it all about how their company is unique. Greenlight Apparel also produces in a sustainable
Premium
provide anti-inflammatory‚ antibacterial‚ hydrating and detoxifying benefits to its wearers‚ but the New York Times’ test showed no evidence of seaweed in Lululemon’s clothing. This sent Lululemon’s stock price on a rollercoaster ride. Previously‚ Lululemon had been enjoying stellar stock performance‚ reaching $60 a share after an IPO price of $25 in July. Next day‚ the stock closed at $41.50(Robert Cordero 2009). While the stock is being fluctuating‚ the new retail store in Tokyo‚ Japan has been a
Premium Strategic management Stock market Strategy
4 P’s of Samsung smartphone: What made it possible for Samsung to beat Apple in smartphone sales? Almost three years before‚ during a press conference a question has been asked to Aamir Khan “If you are a number one actor in Bollywood‚ then why don’t you endorse number one brand in mobiles” Aamir replied “Samsung is not a number one brand at this stage but it will become soon”. Everyone laughed to the answer and probably they were right. Who would have been thought that in the crowd of many superior
Premium Mobile phone Smartphone
7. Marketing Strategy |Marketing Mix |Biotherm |Kiehl’s | |Product |Innovation is how individual and group perceived |Kiehl’s had differentiated itself from the | | |changes made prior to a particular product. |rest of men’s facial care by their nature | | |The product positioning of the chosen product is based |extracts
Premium Marketing Human skin color
Lululemon Athletica The athletic clothing brand "Lululemon Athletica" (commonly known as Lululemon) was founded in Vancouver BC in 1998. The first Lululemon shared its retail space with a yoga studio. The Lululemon name was chosen in a survey of 100 people from a list of 20 brand names and 20 logos. The logo is actually a stylized "A" that was made for the first letter in the name "athletically hip"‚ a name which failed to make the grade. The first real store opened in November of 2000. Lululemon’s
Premium Marketing United States Lululemon Athletica
Lululemon Athletica Case Study I. Executive Summary Statement of problem and recommend action Lululemon is a rapidly growing company with a different niche for its products. Its philosophy as well as their business model has allowed them to increase revenue over the past years. The dilemma they faced is how to continue expanding without losing their special niche‚ grassroots and a nontraditional feel of the brand that sets them apart from their competitors. In order to do so‚ it has been
Premium Cash flow Free cash flow Revenue
Introduction The company which our focus centers on is the prestigious Lululemon. What started out as an underground yoga and design studio blossomed today into a $225 million-dollar company that offers premium athletic clothing at high-end prices. It all started one day when the company founder‚ Chip Wilson‚ decided to try something new – yoga‚ a physical activity that emerged in 1997 which appealed to the independent woman. Wilson was a fanatic in every type of board; he took joy in surfing‚
Premium Management Learning German language
SWOT Analysis Company name: Lululemon Athletica Inc. (NASDAQ:LULU; TSX:LLL) Product: Lululemon Athletica produces yoga-inspired athletic apparel for both women and men. Strengths #1. Innovative Design Process Lululemon offers high-quality premium athletic apparel that is designed for performance‚ comfort‚ functionality and style. The innovative design process is attributed to a number of factors such as‚ real-time customer feedback. Lululemon seeks real-time customer feedback on the
Premium Lululemon Athletica Marketing Brand