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By: Cindy Collazo, Priscila Parra, Erica Chiu,
Azra Radoncic, Matthew Costanzo, Jay Sosa
Target Presentation:
Phase A
Trends affecting overall retail Industry &
Consumer Behavior
Technology
Consumer
Spending
Sustainability
Private Labels
Trends affecting Latino Segment & their
Consumer Behavior
• Heavily shoppers via mobile device
• Inclined to try new products/trend
followers
• Share trends via Social networks
• Enjoy shopping experience with their
children
Consumer Behavior Perceptions
on Latino Segment
• Need-base shopper
• Looks for product quality, price &
promotion
• Receptive to advertisement
• More product variety
• Seek value for money
• Store layout is imperative
Trends affecting Asian Segment &
their Consumer Behavior
• Rising interest in multichannel shopping:
Online / Movie
• Increase interests in coupons: Online and
booklets
• Greater preference for cultural sensitivity
in products
• More sensible luxury brands
Consumer Behavior Perceptions Asian
Segment
• Poor organization of store layout
• Most products are affordable & good
quality
• Not enough variety in brands
• Positive: Locational convenience
• Good for shopping on a need basis
Trends affecting African-American
Segment & their Consumer Behavior
• Profound family value and ethnic tradition
• Limited amount of direct targeting media
• Barack Obama becoming president is a
trend in the market place
• Education and professional achievements
has increase their income
• Women are more likely to try new trends
Consumer Behavior Perceptions African
American Segment
• Feel like advertising is NOT directly targeted to
them
• Consumes more media than any other group: TV,
mobile, magazines
• Approves stores layout, though not satisfy with
service
• Recognizes affordable low prices
• Cherishes scents and flavors
Current Media for Target
• “Expect More, Pay Less”
• Target weekly circular is distributed to
over 50 million households each week
• Traditional print media and broadcast
commercials
Current Positioning for Target
• For middle-income customers, target
provides a fun shopping experience
because it creates a more upscale
atmosphere for customers.
Current Media for Wal-Mart
• Save Money, Live Better
• Wal-Mart can charge lower prices because it is more
efficient. It buys goods less expensive from producers,
requiring to cut costs.
• Wal-Mart stores sends out 13 circulars per year,
compared with 53 or more for their competitors.
• Wal-Mart's main advertising medium is television.
Totaling $524 million on TV advertisements.
• Price-sensitive merchandise is displayed in prominent
places such as kiosks at entrances, as well as on end caps,
in dump bins, and down main aisles.
• Wal-Mart is committed to providing low prices every day,
on everything. Price match!
Current Positioning for Wal-Mart
• For middle aged cost-conscious
customers, Wal-Mart provides the best
value for your money because they focus
on low prices.
Current Media for Costco
• Costco has no slogan
• Famous for turning the experience of warehouse
shopping into an adventure.
• The company never advertises, charges 64 million
members to shop there and doesn’t mark up any product
more than 15 percent.
• It’s a business model that works, generating $93 billion in
annual sales.
• What it does do is effectively targeting small-business
owners as its primary target audience.
Current Positioning for Costco
• For middle to upper-income customers,
Costco provides saving customers time
and money because they have bulk items
and branded merchandise at wholesale
prices
The End
APPENDIX
Overall Multi-Cultural Strengths
• Mainstream Product Variety
• Affordable to multi-cultural segments
• High Availability
• Strong marketing Initiatives
• Positive customer perception
Overall Multi-Cultural Weaknesses
• Difficult for multi-cultural segments to find certain products/targets
American culture
• Majority of their advertisements are geared towards women
• Geographical concentration
• Prices are not as low as Wal-Mart’s
• Poor customer service
Overall Multi-Cultural Opportunities
• Global Expansion
• Communicate where their products are more effective to the
multi-cultural segment.
• Comparable shopping
• More private labels
Overall Multi-Cultural Threats
• Top competitors: Wal-Mart & Kmart
• US economy slow down
• Costs of overhead increasing while trying to keep prices
low
• Increased minimum wages in the US
The End

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Consumer Behavior Research of Minorities Groups Sponsored by Target(Master-Slides)

  • 1. By: Cindy Collazo, Priscila Parra, Erica Chiu, Azra Radoncic, Matthew Costanzo, Jay Sosa Target Presentation: Phase A
  • 2. Trends affecting overall retail Industry & Consumer Behavior Technology Consumer Spending Sustainability Private Labels
  • 3. Trends affecting Latino Segment & their Consumer Behavior • Heavily shoppers via mobile device • Inclined to try new products/trend followers • Share trends via Social networks • Enjoy shopping experience with their children
  • 4. Consumer Behavior Perceptions on Latino Segment • Need-base shopper • Looks for product quality, price & promotion • Receptive to advertisement • More product variety • Seek value for money • Store layout is imperative
  • 5. Trends affecting Asian Segment & their Consumer Behavior • Rising interest in multichannel shopping: Online / Movie • Increase interests in coupons: Online and booklets • Greater preference for cultural sensitivity in products • More sensible luxury brands
  • 6. Consumer Behavior Perceptions Asian Segment • Poor organization of store layout • Most products are affordable & good quality • Not enough variety in brands • Positive: Locational convenience • Good for shopping on a need basis
  • 7. Trends affecting African-American Segment & their Consumer Behavior • Profound family value and ethnic tradition • Limited amount of direct targeting media • Barack Obama becoming president is a trend in the market place • Education and professional achievements has increase their income • Women are more likely to try new trends
  • 8. Consumer Behavior Perceptions African American Segment • Feel like advertising is NOT directly targeted to them • Consumes more media than any other group: TV, mobile, magazines • Approves stores layout, though not satisfy with service • Recognizes affordable low prices • Cherishes scents and flavors
  • 9. Current Media for Target • “Expect More, Pay Less” • Target weekly circular is distributed to over 50 million households each week • Traditional print media and broadcast commercials
  • 10. Current Positioning for Target • For middle-income customers, target provides a fun shopping experience because it creates a more upscale atmosphere for customers.
  • 11. Current Media for Wal-Mart • Save Money, Live Better • Wal-Mart can charge lower prices because it is more efficient. It buys goods less expensive from producers, requiring to cut costs. • Wal-Mart stores sends out 13 circulars per year, compared with 53 or more for their competitors. • Wal-Mart's main advertising medium is television. Totaling $524 million on TV advertisements. • Price-sensitive merchandise is displayed in prominent places such as kiosks at entrances, as well as on end caps, in dump bins, and down main aisles. • Wal-Mart is committed to providing low prices every day, on everything. Price match!
  • 12. Current Positioning for Wal-Mart • For middle aged cost-conscious customers, Wal-Mart provides the best value for your money because they focus on low prices.
  • 13. Current Media for Costco • Costco has no slogan • Famous for turning the experience of warehouse shopping into an adventure. • The company never advertises, charges 64 million members to shop there and doesn’t mark up any product more than 15 percent. • It’s a business model that works, generating $93 billion in annual sales. • What it does do is effectively targeting small-business owners as its primary target audience.
  • 14. Current Positioning for Costco • For middle to upper-income customers, Costco provides saving customers time and money because they have bulk items and branded merchandise at wholesale prices
  • 17. Overall Multi-Cultural Strengths • Mainstream Product Variety • Affordable to multi-cultural segments • High Availability • Strong marketing Initiatives • Positive customer perception
  • 18. Overall Multi-Cultural Weaknesses • Difficult for multi-cultural segments to find certain products/targets American culture • Majority of their advertisements are geared towards women • Geographical concentration • Prices are not as low as Wal-Mart’s • Poor customer service
  • 19. Overall Multi-Cultural Opportunities • Global Expansion • Communicate where their products are more effective to the multi-cultural segment. • Comparable shopping • More private labels
  • 20. Overall Multi-Cultural Threats • Top competitors: Wal-Mart & Kmart • US economy slow down • Costs of overhead increasing while trying to keep prices low • Increased minimum wages in the US

Editor's Notes

  1. Sources: http://multichannelmerchant.com/news/prnewswire/new-study-reveals-shopping-habits-of-latino-consumers-18122012/#_ http://www.marketingcharts.com/wp/television/latinos-like-to-set-follow-shopping-trends-25634/ http://www.hispanicbusiness.tv/latinos-like-to-set-follow-shopping-trends/ http://www.lanzagroup.com/2013/multicultural-marketplace/
  2. Sources Used: http://resources.tectura.com/retail-insights/articles/shopping-trends-asia-more-experience-less-spending.asp http://www.diversitybusiness.com/news/supplierdiversity/45200672.asp http://blogs.hbr.org/cs/2010/02/in_asia_marketing-101-doesnt-work.html http://multicultural.com/multicultural_markets/asian-american