SlideShare a Scribd company logo
1 of 30
Download to read offline
Marketing Strategy
                     Learning Team – 1A
                     -   Darshak S J
                     -   Dianne Sison
                     -   Madhuranath R
                     -   Tanmoy Dey
                     -   Vincent Bermejo
MARKETING STRATEGY FOR CHOCOLATE
 Positioning
 Issues & Recommendation
 Analysis for Marketing Mix
   Product Strategy
   Placement Strategy
   Promotion Strategy
   Pricing Strategy
 Customer Profile Analysis
 Summary of Recommendations
SITUATION ANALYSIS
POSITIONING
    International




                                            High
                                                                         BRAND
                                                                         PERSONALITY
BRAND




                                               PRICE
                                                                     -    Couture
                                                                     -    International

                                                                         IMAGE
                                                                     -    Stylish
                                                                     -    Non-exclusive
     Local




                                            Low


                    Mass            Niche
                           MARKET
STRATEGIC RECOMMENDATIONS
 ISSUE
  Mismatch in Brand Projection & Perception

 RECOMMENDATIONS
   Enhance Brand Awareness & Brand Equity
   Enhance Consumer Experience
   Improve Brand Positioning


 TARGET
       POSITIONING
  BOUTIQUE CHAIN
   Target Niche Markets
   International Mix
   High pricing
PRODUCT
STRATEGY
PRODUCT PROFILE
                                  Current Situation

5:95 Product Portfolio; 5% In-House Designs: 95% Imported Australian Designs
                            Special                     Size Range
 Season       Utility                       Style                       Age        Price
                           Occasion                     (Australian)
 E-Winter     Party        Wedding        For Home      6 - X-Small     14-18     Budget
 L-Winter   Corporate      Funeral         Casual        8/10 Small     18-25    Better-To-
                                                                                  Budget
 E-Spring   Outerwear     Christening     S-Formal        12/14         25-30   HIGH END!!!
                                                         Medium
 L-Spring   Sportswear      B-Day          Formal       16/18 Large     30-35
E-Summer      Daily       Anniversar       Special        20 X-         35-40
                              y                          Large/!X
L-Summer      Street      Promotions    Haute Couture   22 1X/2X Plus   40-45

  E-Fall    Swimwear       For Gifts     Pre-a-Porter      22 2X        45-50
                                            (RTW)
  L-Fall     Lingerie       Others      Mass Market       24/26 3X      50-60

  Rainy/    Accessories                 Contemporary                    60-70
  Sunny
PRODUCT STRATEGY
                        The Retail Shopping Experience
•   Enhance the fashion literacy of the sales personnel, not only
    focusing on courtesy but product knowledge
    A personal shopper for established clientele; A brand Ambassador must be
    established to showcase Chocolate
    Create a comprehensive database of customers not only focusing on contact
    details & demographics, but include purchase history for style, season, vital
    stats, & utility.
•   Extend customer service through alterations, if required for free
    for a minimum purchase requirement; since most are made in Australia that
    cater to mid to plus size customers eliminating mid to petite sizes
•   A chocolate for every customer program w/ strategic alliances w/
    chocolate vendors, capitalizing on the choco name. In addition to the anti-
    depressive state of chocolate stimulants.
PLACEMENT
STRATEGY
LOCATIONS

 Shop-in-Shop   @ Rustan’s
   Makati
   Alabang
   Shangri-La Plaza
   Robinsons Place Ermita

 Standalone Stores
   Trinoma Mall, Quezon
   Cebu
   Davao
ISSUES

    Single aisle outlet – alongside non-boutique designer labels

    ‘Truckie’ does not complement boutique perception – mass
    stationed at public locations

    Co-existence of shop-in-shop & standalone stores – positioning
    dilution

    In store ambience & layout not conducive to expected customer
    experience

    Website placement channel – ineffective virtual store
RECOMMENDATIONS
       Widen aisle space to:
        Accommodate more brands
        Design boutique positioning in a shop-in-shop model

       Focus more on standalone boutiques for brand positioning

    ‘Truckie’ to be strategically placed at target residence or public
    hubs

    Develop store layout and ambience in line with brand theme
    Chocolate to
     create value-driven customer experience


       Develop virtual store – updated catalogs, customized & trial
        options to customers to create a virtual shopping experience
PROMOTION
STRATEGY
CURRENT PROMOTIONS




          Awareness Activities
          -   Facebook / YouTube
          -   Website / Blog

          Brand Building Activities
          -   Sponsorships for TV Shows
          -   Newspaper features
ANALYSIS

ISSUE ANALYSIS
 Expected Brand  Projection & Promotion are not aligned
 Value Proposition of the Brand is not being conveyed

 Brand Positioning is not clear for the customer



ALTERNATIVES ANALYSIS
 Provide a clear brand  message
 Utilize appropriate channels

 Possess right product mix
RECOMMENDATIONS
 MEDIA
     Ads & Features in
        Fashion Magazines
     Fashion Events
     Ads in selective OOH Media

 ONLINE     PROMOTION
   Enhance website to promote fashion
   Leverage Blog to develop credibility
   Create exclusive YouTube channel


 FASHION      TRUCK
     Personalized consumer experience
     Awareness in exclusive locations
                                           BOUTIQUE-on-WHEELS
CURRENT WEBSITE
PRICING
STRATEGY
STRATEGIES IN PRICING


 Cost Based pricing

 Competitor based pricing
 Value based pricing
Current Strategy
                                                DRESSES
               4,995
5,000

4,500

4,000

3,500
                                                                                  2,950
3,000                                                                 2,699
                                        2,495
2,500                                                                                     Mean:
2,000                       1,799
                                                       1,999                  1,950       2,486
                        1,399       1,395
1,500
         995
                                                                                          Mean:
1,000
                                                 899
                                                                                          1,336
                                                                599

 500

   0
        Chocolate      People are   Top Shop     Bench         Kamiseta       Mango
                        People
Current Strategy
                                             DENIMS

6,000
             5,295


5,000



4,000


         2,995
3,000

                                                                2,199
                                      2,099
                          1,999
                                                                            1,790   Mean:
2,000                 1,599                                                         1,747
                                  1,199                                 1,190
                                                      999
                                                            1,099                   Mean:
1,000                                           799                                 1,172

                                      NA

   0
        Chocolate    People are   Top Shop      Bench       Kamiseta    Mango
                      People
PRICING RECOMMENDATIONS


 Promote    CHOCOLATE as boutique store
 Use   a combination of Value Based & Competitors Based Pricing
 Change   competitors now to boutique stores –
   Tango, M)phosis, Bayo, Plains and Prints
 Maintain   the same price
 Differentiation   & customer experience will justify the high price
PRICING STRATEGY MAP

High


                               Tango
                               T&M




 Low

       Retail                          Boutique
                     Designs
CUSTOMER
CUSTOMER PROFILE
CURRENT P R O F I L I N G STRATEGY
 A-B segment
 20s – 30s



   YOUNG MOMS
      single wealthy non-working women                         ISSUES
                                                                -   Fragmented
                                                                    Market
   YOUNG FAMILIES                                              -   High threat of
                                                                    substitutes
      married entrepreneurs with children                      -   Low Frequency


   WORKING WOMEN
     single and married working women
PROFILE COMPARISON

                     CURRENT PROPOSED
 DEMOGRAPHIC         A-B             A-B
 PSYCHOGRAPHIC       Functional      Fashionable

 SHOPPING PATTERN    Occasional      Habitual

 BEHAVIORAL          Trend aware     Trend conscious & trendsetter

 LIFESTYLE           Home to work    Outgoing

 MEDIA               Online, TV      Magazines, Billboards, Online
STRATEGY SNAPSHOT
SUMMARY
Enchance CHOCOLATE CLOTHING retail shop brand awareness & equity
                   KRA                                                 KPI
 Establish alliances w/ local & foreign       Sign-up at 3 local & 3 foreign chocolate vendors that
 chocolate manufacturers.                     resonates with the store image
 Out-of-Home main road billboards & in-       1 billboard per rain/shine season for 1 month each
 mall posters to drive customer curiosity ;   @100k per month. 15 seconders in movie ads in movie
 magazine; social media & internet            houses in mid-season events.


 Enchance Customer Shopping Experience
                 KRA                                                 KPI
 Stimulate loyal customer purchases       50% visit to 100% visits; 2x a month to once a week
 Increase conversion rates of new         100% seasonal trainings of sales personnel, especially
 customers                                personal shopper & brand ambassador


 Migration from a purely Retail to a more focused Boutique business model
                KRA                                                 KPI
 Introduce Authentic Designs by       Tilt the balance from 5:95 to 50:50 within 24 months by
 Chocolate                            introducing fresh designs at least 2x to at most 4x /year
THANK YOU

More Related Content

What's hot

Lululemon Athletica Brand Audit
Lululemon Athletica Brand AuditLululemon Athletica Brand Audit
Lululemon Athletica Brand Audit
Joanna Komvopoulos
 
Marketing strategies of Cadbury
Marketing strategies of CadburyMarketing strategies of Cadbury
Marketing strategies of Cadbury
Harshali Kotekar
 

What's hot (20)

Lululemon Athletica Brand Audit
Lululemon Athletica Brand AuditLululemon Athletica Brand Audit
Lululemon Athletica Brand Audit
 
Burberry Case Study
Burberry Case StudyBurberry Case Study
Burberry Case Study
 
Nestle - Brand Management
Nestle - Brand ManagementNestle - Brand Management
Nestle - Brand Management
 
Ideal Long Range Strategic Plan
Ideal Long Range Strategic PlanIdeal Long Range Strategic Plan
Ideal Long Range Strategic Plan
 
Gucci: Brand Analysis
Gucci: Brand AnalysisGucci: Brand Analysis
Gucci: Brand Analysis
 
Formulating a strategic marketing planning for maggi
Formulating a strategic marketing planning for maggiFormulating a strategic marketing planning for maggi
Formulating a strategic marketing planning for maggi
 
Keventers
Keventers Keventers
Keventers
 
Ideal Brand Plan Format
Ideal Brand Plan FormatIdeal Brand Plan Format
Ideal Brand Plan Format
 
Baskin Robbins Global Marketing
Baskin Robbins Global MarketingBaskin Robbins Global Marketing
Baskin Robbins Global Marketing
 
Integration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donutsIntegration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donuts
 
Brand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy MilkBrand Analysis of Cadbury Dairy Milk
Brand Analysis of Cadbury Dairy Milk
 
The Birth of the Swatch - HBR Case Study
The Birth of the Swatch - HBR Case Study The Birth of the Swatch - HBR Case Study
The Birth of the Swatch - HBR Case Study
 
Oral B Electric Toothbrush_Marketing Plan
Oral B Electric Toothbrush_Marketing PlanOral B Electric Toothbrush_Marketing Plan
Oral B Electric Toothbrush_Marketing Plan
 
Marketing strategies of Cadbury
Marketing strategies of CadburyMarketing strategies of Cadbury
Marketing strategies of Cadbury
 
The 6Ms to Campaign Strategy Success
The 6Ms to Campaign Strategy SuccessThe 6Ms to Campaign Strategy Success
The 6Ms to Campaign Strategy Success
 
Integrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'OréalIntegrated Digital Campaign Planning for L'Oréal
Integrated Digital Campaign Planning for L'Oréal
 
Creation of brand
Creation of brandCreation of brand
Creation of brand
 
Red Bull Case Study IMC Plan
Red Bull Case Study IMC Plan Red Bull Case Study IMC Plan
Red Bull Case Study IMC Plan
 
Swot analysis of Cadbury.
Swot analysis of Cadbury.Swot analysis of Cadbury.
Swot analysis of Cadbury.
 
The 10 most abused words in Marketing
The 10 most abused words in MarketingThe 10 most abused words in Marketing
The 10 most abused words in Marketing
 

Viewers also liked

Chococlatier 1 (1)
Chococlatier 1 (1)Chococlatier 1 (1)
Chococlatier 1 (1)
edithtyk
 
51769180 rogers’-chocolates-case-final
51769180 rogers’-chocolates-case-final51769180 rogers’-chocolates-case-final
51769180 rogers’-chocolates-case-final
Sundus Ashraf
 
Kashish boutique 97
Kashish boutique 97Kashish boutique 97
Kashish boutique 97
Rajesh Patel
 
A project report on Chocolate
A project report on ChocolateA project report on Chocolate
A project report on Chocolate
Anjali Singh
 
Chocolate mousse (n°2)
Chocolate mousse (n°2)Chocolate mousse (n°2)
Chocolate mousse (n°2)
sophiegaiffe
 
Swiss Chocolate Mousse Cake Recipe
Swiss Chocolate Mousse Cake RecipeSwiss Chocolate Mousse Cake Recipe
Swiss Chocolate Mousse Cake Recipe
Sandhira Shah
 
Promotion strategies
Promotion strategiesPromotion strategies
Promotion strategies
preethiiraj
 
07 ms clixkkt1
07 ms clixkkt107 ms clixkkt1
07 ms clixkkt1
nigel80
 

Viewers also liked (20)

Chococlatier 1 (1)
Chococlatier 1 (1)Chococlatier 1 (1)
Chococlatier 1 (1)
 
Chocolates presentation
Chocolates presentationChocolates presentation
Chocolates presentation
 
Marketing Strategy
Marketing StrategyMarketing Strategy
Marketing Strategy
 
51769180 rogers’-chocolates-case-final
51769180 rogers’-chocolates-case-final51769180 rogers’-chocolates-case-final
51769180 rogers’-chocolates-case-final
 
Marketing Strategy: Roxy
Marketing Strategy: RoxyMarketing Strategy: Roxy
Marketing Strategy: Roxy
 
Plains & prints ver 0.5
Plains & prints ver 0.5Plains & prints ver 0.5
Plains & prints ver 0.5
 
An example of Aeropostale marketing strategy presentation
 An example of Aeropostale marketing strategy presentation An example of Aeropostale marketing strategy presentation
An example of Aeropostale marketing strategy presentation
 
Kashish boutique 97
Kashish boutique 97Kashish boutique 97
Kashish boutique 97
 
A project report on Chocolate
A project report on ChocolateA project report on Chocolate
A project report on Chocolate
 
marketing segmentation of Cadbury
marketing segmentation of Cadburymarketing segmentation of Cadbury
marketing segmentation of Cadbury
 
Zara digital strategy
Zara digital strategyZara digital strategy
Zara digital strategy
 
Chocolate Factory Presentation
Chocolate Factory PresentationChocolate Factory Presentation
Chocolate Factory Presentation
 
Costing project
Costing projectCosting project
Costing project
 
Estrategias metodológicas para el docente e learning (4.ª edición). Francisco...
Estrategias metodológicas para el docente e learning (4.ª edición). Francisco...Estrategias metodológicas para el docente e learning (4.ª edición). Francisco...
Estrategias metodológicas para el docente e learning (4.ª edición). Francisco...
 
Chocolate mousse (n°2)
Chocolate mousse (n°2)Chocolate mousse (n°2)
Chocolate mousse (n°2)
 
Swiss Chocolate Mousse Cake Recipe
Swiss Chocolate Mousse Cake RecipeSwiss Chocolate Mousse Cake Recipe
Swiss Chocolate Mousse Cake Recipe
 
A Farewell Letter_ Gabriel Garcia Marquez
A Farewell Letter_ Gabriel Garcia MarquezA Farewell Letter_ Gabriel Garcia Marquez
A Farewell Letter_ Gabriel Garcia Marquez
 
Promotion strategies
Promotion strategiesPromotion strategies
Promotion strategies
 
Roger's chocolates case
Roger's chocolates caseRoger's chocolates case
Roger's chocolates case
 
07 ms clixkkt1
07 ms clixkkt107 ms clixkkt1
07 ms clixkkt1
 

Similar to Marketing Strategy for Chocolate Clothing

Poster Online Media Kit
Poster Online Media KitPoster Online Media Kit
Poster Online Media Kit
pandavon
 
Blue Ocean Strategy and Starbucks
Blue Ocean Strategy and StarbucksBlue Ocean Strategy and Starbucks
Blue Ocean Strategy and Starbucks
Sadat Faruque
 
Marasil mall presentation
Marasil mall presentationMarasil mall presentation
Marasil mall presentation
Vasso Pofanti
 
The Future of Brands- Global and Regional Perspective
The Future of Brands- Global and Regional PerspectiveThe Future of Brands- Global and Regional Perspective
The Future of Brands- Global and Regional Perspective
valicon
 
Retail management stage 2
Retail management stage 2Retail management stage 2
Retail management stage 2
Deepika Agrawal
 

Similar to Marketing Strategy for Chocolate Clothing (20)

Bata company
Bata companyBata company
Bata company
 
Creating places where people want to be
Creating places where people want to be Creating places where people want to be
Creating places where people want to be
 
journey of learning
journey of learningjourney of learning
journey of learning
 
Poster Online Media Kit
Poster Online Media KitPoster Online Media Kit
Poster Online Media Kit
 
Blue Ocean Strategy and Starbucks
Blue Ocean Strategy and StarbucksBlue Ocean Strategy and Starbucks
Blue Ocean Strategy and Starbucks
 
Shoppers Stop
Shoppers StopShoppers Stop
Shoppers Stop
 
Boomerang
Boomerang Boomerang
Boomerang
 
Branding and packaging 2011 english
Branding and packaging 2011 englishBranding and packaging 2011 english
Branding and packaging 2011 english
 
Marasil mall presentation
Marasil mall presentationMarasil mall presentation
Marasil mall presentation
 
Bata india ltd
Bata  india  ltdBata  india  ltd
Bata india ltd
 
MARKETING STP ANALYSIS AND COMPARISION OF DIFFERENT ON STP BASIS OF DIFFERENT...
MARKETING STP ANALYSIS AND COMPARISION OF DIFFERENT ON STP BASIS OF DIFFERENT...MARKETING STP ANALYSIS AND COMPARISION OF DIFFERENT ON STP BASIS OF DIFFERENT...
MARKETING STP ANALYSIS AND COMPARISION OF DIFFERENT ON STP BASIS OF DIFFERENT...
 
The Future of Brands- Global and Regional Perspective
The Future of Brands- Global and Regional PerspectiveThe Future of Brands- Global and Regional Perspective
The Future of Brands- Global and Regional Perspective
 
Target (1)
Target (1)Target (1)
Target (1)
 
DOC-20230921-WA0016..pptx
DOC-20230921-WA0016..pptxDOC-20230921-WA0016..pptx
DOC-20230921-WA0016..pptx
 
Product mix
Product mixProduct mix
Product mix
 
Retail management stage 2
Retail management stage 2Retail management stage 2
Retail management stage 2
 
Making a successful brand in the luxury sector in 12 advices and tools…
Making a successful brand in the luxury sector in 12 advices and tools…Making a successful brand in the luxury sector in 12 advices and tools…
Making a successful brand in the luxury sector in 12 advices and tools…
 
segmenting targeting and positioning
segmenting targeting and positioningsegmenting targeting and positioning
segmenting targeting and positioning
 
Brand management
Brand managementBrand management
Brand management
 
Tattico Strategies Capabilities Deck
Tattico Strategies Capabilities DeckTattico Strategies Capabilities Deck
Tattico Strategies Capabilities Deck
 

More from Madhuranath R

More from Madhuranath R (20)

On-the-move App Testing by Moolya
On-the-move App Testing by MoolyaOn-the-move App Testing by Moolya
On-the-move App Testing by Moolya
 
The Changing Rules of Customer Engagement - Whitepaper
The Changing Rules of Customer Engagement - WhitepaperThe Changing Rules of Customer Engagement - Whitepaper
The Changing Rules of Customer Engagement - Whitepaper
 
Target Segment Selection Framework
Target Segment Selection FrameworkTarget Segment Selection Framework
Target Segment Selection Framework
 
Singapore Negotiation Style
Singapore Negotiation StyleSingapore Negotiation Style
Singapore Negotiation Style
 
B2B Marketing - White paper
B2B Marketing - White paperB2B Marketing - White paper
B2B Marketing - White paper
 
Strategy Evaluation Matrix Framework by Madhuranath R
Strategy Evaluation Matrix Framework by Madhuranath RStrategy Evaluation Matrix Framework by Madhuranath R
Strategy Evaluation Matrix Framework by Madhuranath R
 
STAR Framework for Strategy Planning - Madhuranath R
STAR Framework for Strategy Planning - Madhuranath RSTAR Framework for Strategy Planning - Madhuranath R
STAR Framework for Strategy Planning - Madhuranath R
 
Social Network Usage Trends of MBA students
Social Network Usage Trends of MBA studentsSocial Network Usage Trends of MBA students
Social Network Usage Trends of MBA students
 
INFOSYS 2015 - A Micro Economics Analysis Report
INFOSYS 2015 - A Micro Economics Analysis ReportINFOSYS 2015 - A Micro Economics Analysis Report
INFOSYS 2015 - A Micro Economics Analysis Report
 
Global Delivery Model - A Blue Ocean Strategy of INFOSYS
Global Delivery Model - A Blue Ocean Strategy of INFOSYSGlobal Delivery Model - A Blue Ocean Strategy of INFOSYS
Global Delivery Model - A Blue Ocean Strategy of INFOSYS
 
Analysis of a Business System - Russian Mafia
Analysis of a Business System - Russian MafiaAnalysis of a Business System - Russian Mafia
Analysis of a Business System - Russian Mafia
 
Green energy for GK
Green energy for GKGreen energy for GK
Green energy for GK
 
Softbank Japan - Technology Strategy Analysis
Softbank Japan - Technology Strategy AnalysisSoftbank Japan - Technology Strategy Analysis
Softbank Japan - Technology Strategy Analysis
 
Case Analysis: Apple Strategy for next decade
Case Analysis: Apple Strategy for next decadeCase Analysis: Apple Strategy for next decade
Case Analysis: Apple Strategy for next decade
 
Xamun Marketing Plan
Xamun Marketing PlanXamun Marketing Plan
Xamun Marketing Plan
 
ChemRez Technologies - HR Policy Analysis for entering South Korea
ChemRez Technologies - HR Policy Analysis for entering South KoreaChemRez Technologies - HR Policy Analysis for entering South Korea
ChemRez Technologies - HR Policy Analysis for entering South Korea
 
Macro-Economics Case Analysis: Singapore - a unique economy
Macro-Economics Case Analysis: Singapore - a unique economyMacro-Economics Case Analysis: Singapore - a unique economy
Macro-Economics Case Analysis: Singapore - a unique economy
 
Macro-Economics Case Analysis: FELDA
Macro-Economics Case Analysis: FELDAMacro-Economics Case Analysis: FELDA
Macro-Economics Case Analysis: FELDA
 
Macro-Economics Case Analysis: Global Crises of the 21st Century
Macro-Economics Case Analysis: Global Crises of the 21st CenturyMacro-Economics Case Analysis: Global Crises of the 21st Century
Macro-Economics Case Analysis: Global Crises of the 21st Century
 
IBM Smarter Commerce - A Strategic Analysis
IBM Smarter Commerce - A Strategic AnalysisIBM Smarter Commerce - A Strategic Analysis
IBM Smarter Commerce - A Strategic Analysis
 

Recently uploaded

What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...
AnaBeatriz125525
 

Recently uploaded (20)

A Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob BadgettA Brief Introduction About Jacob Badgett
A Brief Introduction About Jacob Badgett
 
Powers and Functions of CPCB - The Water Act 1974.pdf
Powers and Functions of CPCB - The Water Act 1974.pdfPowers and Functions of CPCB - The Water Act 1974.pdf
Powers and Functions of CPCB - The Water Act 1974.pdf
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
FEXLE- Salesforce Field Service Lightning
FEXLE- Salesforce Field Service LightningFEXLE- Salesforce Field Service Lightning
FEXLE- Salesforce Field Service Lightning
 
Falcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small BusinessesFalcon Invoice Discounting Setup for Small Businesses
Falcon Invoice Discounting Setup for Small Businesses
 
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement CriteriaSedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & Transformations
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
 
Copyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to KnowCopyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to Know
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
New Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9loNew Product Development.kjiy7ggbfdsddggo9lo
New Product Development.kjiy7ggbfdsddggo9lo
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
Potato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfPotato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdf
 
Hyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings releaseHyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings release
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdf
 
Revolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon ComponentsRevolutionizing Industries: The Power of Carbon Components
Revolutionizing Industries: The Power of Carbon Components
 
What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...What is social media.pdf Social media refers to digital platforms and applica...
What is social media.pdf Social media refers to digital platforms and applica...
 
Meaningful Technology for Humans: How Strategy Helps to Deliver Real Value fo...
Meaningful Technology for Humans: How Strategy Helps to Deliver Real Value fo...Meaningful Technology for Humans: How Strategy Helps to Deliver Real Value fo...
Meaningful Technology for Humans: How Strategy Helps to Deliver Real Value fo...
 

Marketing Strategy for Chocolate Clothing

  • 1. Marketing Strategy Learning Team – 1A - Darshak S J - Dianne Sison - Madhuranath R - Tanmoy Dey - Vincent Bermejo
  • 2. MARKETING STRATEGY FOR CHOCOLATE  Positioning  Issues & Recommendation  Analysis for Marketing Mix  Product Strategy  Placement Strategy  Promotion Strategy  Pricing Strategy  Customer Profile Analysis  Summary of Recommendations
  • 4. POSITIONING International High BRAND PERSONALITY BRAND PRICE - Couture - International IMAGE - Stylish - Non-exclusive Local Low Mass Niche MARKET
  • 5. STRATEGIC RECOMMENDATIONS  ISSUE Mismatch in Brand Projection & Perception  RECOMMENDATIONS  Enhance Brand Awareness & Brand Equity  Enhance Consumer Experience  Improve Brand Positioning  TARGET POSITIONING  BOUTIQUE CHAIN  Target Niche Markets  International Mix  High pricing
  • 7. PRODUCT PROFILE Current Situation 5:95 Product Portfolio; 5% In-House Designs: 95% Imported Australian Designs Special Size Range Season Utility Style Age Price Occasion (Australian) E-Winter Party Wedding For Home 6 - X-Small 14-18 Budget L-Winter Corporate Funeral Casual 8/10 Small 18-25 Better-To- Budget E-Spring Outerwear Christening S-Formal 12/14 25-30 HIGH END!!! Medium L-Spring Sportswear B-Day Formal 16/18 Large 30-35 E-Summer Daily Anniversar Special 20 X- 35-40 y Large/!X L-Summer Street Promotions Haute Couture 22 1X/2X Plus 40-45 E-Fall Swimwear For Gifts Pre-a-Porter 22 2X 45-50 (RTW) L-Fall Lingerie Others Mass Market 24/26 3X 50-60 Rainy/ Accessories Contemporary 60-70 Sunny
  • 8. PRODUCT STRATEGY The Retail Shopping Experience • Enhance the fashion literacy of the sales personnel, not only focusing on courtesy but product knowledge A personal shopper for established clientele; A brand Ambassador must be established to showcase Chocolate Create a comprehensive database of customers not only focusing on contact details & demographics, but include purchase history for style, season, vital stats, & utility. • Extend customer service through alterations, if required for free for a minimum purchase requirement; since most are made in Australia that cater to mid to plus size customers eliminating mid to petite sizes • A chocolate for every customer program w/ strategic alliances w/ chocolate vendors, capitalizing on the choco name. In addition to the anti- depressive state of chocolate stimulants.
  • 10. LOCATIONS  Shop-in-Shop @ Rustan’s  Makati  Alabang  Shangri-La Plaza  Robinsons Place Ermita  Standalone Stores  Trinoma Mall, Quezon  Cebu  Davao
  • 11. ISSUES  Single aisle outlet – alongside non-boutique designer labels  ‘Truckie’ does not complement boutique perception – mass stationed at public locations  Co-existence of shop-in-shop & standalone stores – positioning dilution  In store ambience & layout not conducive to expected customer experience  Website placement channel – ineffective virtual store
  • 12. RECOMMENDATIONS  Widen aisle space to:  Accommodate more brands  Design boutique positioning in a shop-in-shop model  Focus more on standalone boutiques for brand positioning  ‘Truckie’ to be strategically placed at target residence or public hubs  Develop store layout and ambience in line with brand theme Chocolate to  create value-driven customer experience  Develop virtual store – updated catalogs, customized & trial options to customers to create a virtual shopping experience
  • 14. CURRENT PROMOTIONS Awareness Activities - Facebook / YouTube - Website / Blog Brand Building Activities - Sponsorships for TV Shows - Newspaper features
  • 15. ANALYSIS ISSUE ANALYSIS  Expected Brand Projection & Promotion are not aligned  Value Proposition of the Brand is not being conveyed  Brand Positioning is not clear for the customer ALTERNATIVES ANALYSIS  Provide a clear brand message  Utilize appropriate channels  Possess right product mix
  • 16. RECOMMENDATIONS  MEDIA  Ads & Features in Fashion Magazines  Fashion Events  Ads in selective OOH Media  ONLINE PROMOTION  Enhance website to promote fashion  Leverage Blog to develop credibility  Create exclusive YouTube channel  FASHION TRUCK  Personalized consumer experience  Awareness in exclusive locations BOUTIQUE-on-WHEELS
  • 18.
  • 20. STRATEGIES IN PRICING  Cost Based pricing  Competitor based pricing  Value based pricing
  • 21. Current Strategy DRESSES 4,995 5,000 4,500 4,000 3,500 2,950 3,000 2,699 2,495 2,500 Mean: 2,000 1,799 1,999 1,950 2,486 1,399 1,395 1,500 995 Mean: 1,000 899 1,336 599 500 0 Chocolate People are Top Shop Bench Kamiseta Mango People
  • 22. Current Strategy DENIMS 6,000 5,295 5,000 4,000 2,995 3,000 2,199 2,099 1,999 1,790 Mean: 2,000 1,599 1,747 1,199 1,190 999 1,099 Mean: 1,000 799 1,172 NA 0 Chocolate People are Top Shop Bench Kamiseta Mango People
  • 23. PRICING RECOMMENDATIONS  Promote CHOCOLATE as boutique store  Use a combination of Value Based & Competitors Based Pricing  Change competitors now to boutique stores – Tango, M)phosis, Bayo, Plains and Prints  Maintain the same price  Differentiation & customer experience will justify the high price
  • 24. PRICING STRATEGY MAP High Tango T&M Low Retail Boutique Designs
  • 26. CUSTOMER PROFILE CURRENT P R O F I L I N G STRATEGY  A-B segment  20s – 30s  YOUNG MOMS  single wealthy non-working women ISSUES - Fragmented Market  YOUNG FAMILIES - High threat of substitutes  married entrepreneurs with children - Low Frequency  WORKING WOMEN  single and married working women
  • 27. PROFILE COMPARISON CURRENT PROPOSED  DEMOGRAPHIC  A-B  A-B  PSYCHOGRAPHIC  Functional  Fashionable  SHOPPING PATTERN  Occasional  Habitual  BEHAVIORAL  Trend aware  Trend conscious & trendsetter  LIFESTYLE  Home to work  Outgoing  MEDIA  Online, TV  Magazines, Billboards, Online
  • 29. SUMMARY Enchance CHOCOLATE CLOTHING retail shop brand awareness & equity KRA KPI Establish alliances w/ local & foreign Sign-up at 3 local & 3 foreign chocolate vendors that chocolate manufacturers. resonates with the store image Out-of-Home main road billboards & in- 1 billboard per rain/shine season for 1 month each mall posters to drive customer curiosity ; @100k per month. 15 seconders in movie ads in movie magazine; social media & internet houses in mid-season events. Enchance Customer Shopping Experience KRA KPI Stimulate loyal customer purchases 50% visit to 100% visits; 2x a month to once a week Increase conversion rates of new 100% seasonal trainings of sales personnel, especially customers personal shopper & brand ambassador Migration from a purely Retail to a more focused Boutique business model KRA KPI Introduce Authentic Designs by Tilt the balance from 5:95 to 50:50 within 24 months by Chocolate introducing fresh designs at least 2x to at most 4x /year