From textbook “Retailing Management 6th edition‚ Levy & Weitz”‚ retailing is a business that adds value to the products and services then sell for personal or family use. The retailing firms usually purchase goods in relatively large quantities from manufacturers or through wholesalers‚ and then sell smaller quantities to the end-users. To ensure that the brands can successfully reach and attract their target customers in retailing industry‚ brand positioning should be developed. Positioning
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Repositioning the product – change Caferoma’s image is not a good solution for the Caferoma’s problems. Actually‚ our brand already is a well-known brand of coffee and can not loose it. I would just mention about our packaging that is old fashion and needs to be updated. - Pricing – to reduce the price is necessary to change some work process and‚ it take a large amount of time for it. Anyway‚ it is very difficult to reduce the price between 20% to 30%. - Advertising – to reach new consumers‚ it
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Brand Repositioning and Types of Brand Repositioning Brand Repositioning is changing the positioning of a brand. A particular positioning statement may not work with a brand. For instance‚ Dettol toilet soap was positioned as a beauty soap initially. This was not in line with its core values. Dettol‚ the parent brand (anti-septic liquid) was known for its ability to heal cuts and gashes. The extension’s ’beauty’ positioning was not in tune with the parent’s “germ-kill” positioning. The soap
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{draw:frame} University of Derby/Buxton Hospitality Management MA Hotel Renovation A Tool For Repositioning In the Hotel Industry Submission Date: 7th May 2009 Business Analysis and Decision Making Student: Nana Yaa Addo Module Leader: Norman Dindsdale Introduction The hospitality industry has grown phenomenally since 2001 and has been driven by both leisure and business demand (kloppers 2005). The needs of the consumer have now become dynamic rather than static. Consumers
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and repositioning and discuss why marketing managers may regard repositioning a product necessary. Give example. Positioning is means that to determine a reasonable location in potential customer’s mind. It doesn’t mean that the company should create a new product‚ something different or services. Instead‚ positioning is tried to manipulate people’s mind and idea. Positioning is an important strategy in marketing strategy and if the company wants to success they should make their product always
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Dinesh G. Mhatre EMB III‚ Roll No. 6 Topic: Repositioning of brand Cadbury Objective: • • • • • To review the brand repositioning strategies of different sub-brands of Cadbury in India. To analyze the brand repositioning strategies of Titan watches. To study consumer awareness and perception about the brand repositioning strategies of Cadbury. To understand the ability of Cadbury to motivate consumers to buy their products Desire of Cadbury to expand their target market from kids to younger
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Re-positioning involves changing the identity of a product‚ relative to the identity of competing products‚ in the collective minds of the target market. It is more then just a mere marketing challenge. It involves making hard decisions about how a market is shifting and how a firm’s competitors will react. Often these decisions must be made without the benefit of sufficient information‚ simply because the definition of "volatility" is that change becomes difficult or impossible to predict. The
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Positioning and repositioning Before positioning companies has to do segmentation and targeting. Segmentation is dividing the market into segments upon some set of criteria and evaluating the profitability of each segment Targeting is selecting one or more segments and going after them Positioning is how do you want your brand to be considered by consumers when compared to other competing brands. Positioning is based on product features such as color‚ price‚ fluffiness‚ quality of service
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changing and not just about purchasing and buying between consumers and sellers. More and more firms begin to concentrate on creating a positive image for a product. A firm can choose several positioning strategies‚ including strengthening the current position‚ repositioning or try to reposition the competition. (Hartline‚2005) Brand repositioning is one of the most effective ways for a firm to solve tough situation. A firm should reposition its brand under the following four circumstances: when the
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perception changed by the rebranding Customer Purchasing Power: The consumer purchasing power is changing instantly by the availability of new products in the market so its being dificult to hold the consumer on the same brand. Research Objectives:- Primary Objectives: To analyze consumer perception in regard to the changes in branding of the product To anlayze their buying motives and purchasing power affected by rebranding Secondary
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