The document discusses marketing strategies of branded fashion shops in Bangladesh. It outlines the methodology used which included interviews and surveys. Key findings include recommendations to create brand differentiation through exclusive segments, implement consumer research to understand needs, and focus target marketing towards specific groups. The conclusion states that leading fashion brands have been successful by prioritizing quality over other factors like variety and price. Their target market is those who value quality clothing.
Visual merchandising can be simply defined as the physical presentation of products. It is the coordination of all physical elements of a business to project the right image. Visual merchandising has increased tremendously in importance with the growth of self-service retailing. Good to marketing & presenting is merchandising, which attempts to maximize sales and profitability by inducing consumers to buy a company’s products.
Visual merchandising can be simply defined as the physical presentation of products. It is the coordination of all physical elements of a business to project the right image. Visual merchandising has increased tremendously in importance with the growth of self-service retailing. Good to marketing & presenting is merchandising, which attempts to maximize sales and profitability by inducing consumers to buy a company’s products.
Management of Fashion and Luxury Companieskgvsanthosh
What is Fashion?, What is Luxury?, Luxury Segments in Retail, Fashion market segmentation, Business models, Business model framework, communication of brands, Global Retail Trends, Retail Distribution channel and its types.
Reference link:- https://www.coursera.org/learn/mafash#syllabus
this presentation first define what is visual merchandising then deal about design elements and principle that basically support how to apply on retail store exterior and interior parts.
The presentation talks about Pantaloons. The company's 5 P's of Marketing, SWOT Analysis, PESTEL Analysis, Organisation Structure and Finances have been covered.
Management of Fashion and Luxury Companieskgvsanthosh
What is Fashion?, What is Luxury?, Luxury Segments in Retail, Fashion market segmentation, Business models, Business model framework, communication of brands, Global Retail Trends, Retail Distribution channel and its types.
Reference link:- https://www.coursera.org/learn/mafash#syllabus
this presentation first define what is visual merchandising then deal about design elements and principle that basically support how to apply on retail store exterior and interior parts.
The presentation talks about Pantaloons. The company's 5 P's of Marketing, SWOT Analysis, PESTEL Analysis, Organisation Structure and Finances have been covered.
The presentation proposes a new idea for a Zara line extension: Zara for women, a line designed for real women that embraces various body shapes.
The project was done by combining marketing and buying behavior information. Keep in mind that this is a fictitious line. However, actual data about the company and the industry were used to design the marketing plan.
Most web analytics tools contain more data than we know what to do with. Often times this leads to inaction as opposed to action.Chris Leone, Chief Marketing Officer at WebStrategies, Inc. spoke at the June 2012 Triangle AMA meeting on how to test, analyze and learn about your site visitors.
MKT 421 EDU Education Your Life / mkt421edu.comkopiko13a
FOR MORE CLASSES VISIT
www.mkt421edu.com
Purpose of Assignment
A well planned distribution channel system is a key component of the marketing mix that helps meet customer demands and achieve company goals. This assignment will analyze the role channels
How to Build A Big Brand Without Money In 2024.pdfSmartSkill97
In today’s competitive market, let’s talk about how establishing a big brand presence without significant financial resources can seem like a daunting task. But with the right strategic planning and leveraging available resources effectively, it's possible to build a unique identity and gain traction in your market segment.
I've seen many videos about building big brands, but the issue is, most of the time people don't have much money or resources. However, if you really want to create something valuable for customers and help them improve their lives, you can still do it even with limited resources. Let’s break down all the key steps:
What Is Digital Marketing? Examples, Types. And Courses
Digital Marketing is the new form of marketing today. Digital marketing is becoming increasingly important for your business. And now, more and more people are using the Internet and smartphones to do their daily shopping. So, the first thing that you have to know is, you need to know about your customer’s digital behavior and preferences.Digital marketing is the use of digital technologies such as websites, search engines, social media, and other online platforms to promote products and services. It involves the use of different methods such as email marketing, content marketing, paid advertising, and search engine optimization to reach potential customers. Digital marketing also includes the use of various analytics tools to measure the effectiveness of campaigns and to optimize them for better results.
Digital Marketing Examples
Are you curious about how other entrepreneurs have flourished their businesses to increase their sales and boost their audience.....Digital marketing, also called online marketing, is the promotion of brands to connect with potential customers using the internet and other forms of digital communication. This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel.The buying process is in the hands of the customer, and marketers must create targeted, personalized experiences for people if they want to be the one to grab their attention among a sea of brands and advertisers. When marketers have a comprehensive understanding of their ideal buyer, they can make more informed decisions about media, messaging, and timing. Digital marketing can help you to achieve your goal. You can analyze your audience’s behavior through their online activities which will help you to make a perfect strategy for your brand.
So many times the inherent answer of business is not to know the trend, instead it is what the demographic of customers are asking for? This is the reason why major industries from fashion to restaurants cater to the various demographics offering an array of unique items for its demographic, followed by answering what is the trend.
Intelligent Social media marketing, or ISM, is a form of internet marketing with intelligently that implements various social media networks in order to achieve marketing communication and branding goals. Intelligent Social media marketing primarily covers activities involving social sharing of content, videos, and images for marketing or brand promoting purposes, as well as premium social media advertising.
Fashion analyst, Marketing Promotions, Make your own brand.Sharif Bhuiyan
The responsibility of a data analyst working in fashion is to utilize all digital
information collected to help retail and fashion companies become more profitable
by predicting trends and consumer behavior.
From the apparel companies’ viewpoint, it is of critical
significance that fashion goods be safe in
manufacturing and follow sustainably the sustainability
guideline such as ISO 14000, as the process is
especially environmentally conscious in terms of
heavy use of toxic products and vast volumes of water
and pesticides. In this article, we intend to incorporate
the operative framework of the sustainable fashion
supply chain and to teach ZARA to learn from
sustainable practices. As the world renowned brand,
ZARA is representative enough to investigate the
supply chain for sustainable apparel. Our aims in this
paper are to define the framework of the sustainable
fashion supply chain and to analyze the sustainable
activities of the business in order to address the
lessons from the nation viewpoint from ZARA's
sustainable fashion supply chain. The associated
literature of the supply chain for sustainable apparel
has been reviewed.
We can write anything – from a 1-page university essay, to a rigid research paper, to a Bachelor Masters dissertation, to a marketing plan for a real business. We have experts in several academic and business fields. Below is a short list of services that we provide. We can write, edit, proofread, or rewrite the following academic and business assignments:
Essays
Research papers
Term papers
Theses
Dissertations
Book reports
Business plans
Article critiques
Coursework
Marketing plans
Admission proposals
Memos
Motivational Letter
market entry strategy of textile and garmentsNasif Chowdhury
Market entry mode selection is very important for doing new business extension. This assignment is based on market entry mode for textile and garments business
SMM Cheap - No. 1 SMM panel in the worldsmmpanel567
Boost your social media marketing with our SMM Panel services offering SMM Cheap services! Get cost-effective services for your business and increase followers, likes, and engagement across all social media platforms. Get affordable services perfect for businesses and influencers looking to increase their social proof. See how cheap SMM strategies can help improve your social media presence and be a pro at the social media game.
Digital Money Maker Club – von Gunnar Kessler digital.focsh890
Title One is a comprehensive examination of the impact of digital technologies on
modern society. In a world where technology continues to advance rapidly, this article delves into the nuances and complexities of the digital age, exploring Its implications across various sectors and aspects of life.
Monthly Social Media News Update May 2024Andy Lambert
TL;DR. These are the three themes that stood out to us over the course of last month.
1️⃣ Social media is becoming increasingly significant for brand discovery. Marketers are now understanding the impact of social and budgets are shifting accordingly.
2️⃣ Instagram’s new algorithm and latest guidance will help us maintain organic growth. Instagram continues to evolve, but Reels remains the most crucial tool for growth.
3️⃣ Collaboration will help us unlock growth. Who we work with will define how fast we grow. Meta continues to evolve their Creator Marketplace and now TikTok are beginning to push ‘collabs’ more too.
Is AI-Generated Content the Future of Content Creation?Cut-the-SaaS
Discover the transformative power of AI in content creation with our presentation, "Is AI-Generated Content the Future of Content Creation?" by Puran Parsani, CEO & Editor of Cut-The-SaaS. Learn how AI-generated content is revolutionizing marketing, publishing, education, healthcare, and finance by offering unprecedented efficiency, creativity, and scalability.
Understanding
AI-Generated Content:
AI-generated content includes text, images, videos, and audio produced by AI without direct human involvement. This technology leverages large datasets to create contextually relevant and coherent material, streamlining content production.
Key Benefits:
Content Creation: Rapidly generate high-quality content for blogs, articles, and social media.
Brainstorming: AI simulates conversations to inspire creative ideas.
Research Assistance: Efficiently summarize and research information.
Market Insights:
The content marketing industry is projected to grow to $17.6 billion by 2032, with AI-generated content expected to dominate over 55% of the market.
Case Study: CNET’s AI Content Controversy:
CNET’s use of AI for news articles led to public scrutiny due to factual inaccuracies, highlighting the need for transparency and human oversight.
Benefits Across Industries:
Marketing: Personalize content at scale and optimize engagement with predictive analytics.
Publishing: Automate content creation for faster publication cycles.
Education: Efficiently generate educational materials.
Healthcare: Create accurate content for patients and professionals.
Finance: Produce timely financial content for decision-making.
Challenges and Ethical Considerations:
Transparency: Disclose AI use to maintain trust.
Bias: Address potential AI biases with diverse datasets.
SEO: Ensure AI content meets SEO standards.
Quality: Maintain high standards to prevent misinformation.
Conclusion:
AI-generated content offers significant benefits in efficiency, personalization, and scalability. However, ethical considerations and quality assurance are crucial for responsible use. Explore the future of content creation with us and see how AI is transforming various industries.
Connect with Us:
Follow Cut-The-SaaS on LinkedIn, Instagram, YouTube, Twitter, and Medium. Visit cut-the-saas.com for more insights and resources.
How to Run Landing Page Tests On and Off Paid Social PlatformsVWO
Join us for an exclusive webinar featuring Mariate, Alexandra and Nima where we will unveil a comprehensive blueprint for crafting a successful paid media strategy focused on landing page testing.With escalating costs in paid advertising, understanding how to maximize each visitor’s experience is crucial for retention and conversion.
This session will dive into the methodologies for executing and analyzing landing page tests within paid social channels, offering a blend of theoretical knowledge and practical insights.
The Pearmill team will guide you through the nuances of setting up and managing landing page experiments on paid social platforms. You will learn about the critical rules to follow, the structure of effective tests, optimal conversion duration and budget allocation.
The session will also cover data analysis techniques and criteria for graduating landing pages.
In the second part of the webinar, Pearmill will explore the use of A/B testing platforms. Discover common pitfalls to avoid in A/B testing and gain insights into analyzing A/B tests results effectively.
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthDemandbase
In this session, Demandbase’s Stephanie Quinn, Sr. Director of Integrated and Digital Marketing, Devin Rosenberg, Director of Sales, and Kevin Rooney, Senior Director of Sales Development will share how sales and marketing shapes their day-to-day and what key areas are needed for true alignment.
The What, Why & How of 3D and AR in Digital CommercePushON Ltd
Vladimir Mulhem has over 20 years of experience in commercialising cutting edge creative technology across construction, marketing and retail.
Previously the founder and Tech and Innovation Director of Creative Content Works working with the likes of Next, John Lewis and JD Sport, he now helps retailers, brands and agencies solve challenges of applying the emerging technologies 3D, AR, VR and Gen AI to real-world problems.
In this webinar, Vladimir will be covering the following topics:
Applications of 3D and AR in Digital Commerce,
Benefits of 3D and AR,
Tools to create, manage and publish 3D and AR in Digital Commerce.
Search Engine Marketing - Competitor and Keyword researchETMARK ACADEMY
Over 2 Trillion searches are made per day in Google search, which means there are more than 2 Trillion visits happening across the websites of the world wide web.
People search various questions, phrases or words. But some words and phrases are searched
more often than others.
For example, the words, ‘running shoes’ are searched more often than ‘best road running
shoes for men’
These words or phrases which people use to search on Google are called Keywords.
Some keywords are searched more often than others. Number of times a keyword is searched
for in a month is called keyword volume.
Some keywords have more relevant results than others. For the phrase “running shoes” we
get more than 80M relevant results, whereas for “best road running shoes for men” we get
only 8.
The former keyword ‘running shoes’ has way more competition from popular websites to
new and small blogs, whereas the latter keyword doesn’t have that much competition. This
search competition for a keyword is called search difficulty of a keyword or keyword
difficulty.
In other words, if the keyword difficulty is ‘low’ or ‘easy’, there won’t be any competition
and if you target such keywords on your site, you can easily rank on the front page of Google.
Some keywords are searched for, just to know or to learn some information about something,
that’s their search intention. For example, “What shoe size should I choose?” or “How to pick
the right shoe size?”
These keywords which are searched just to know about stuff are called informational
keywords. Typically people who are searching this type of keywords are top of a Conversion
funnel.
Conversion funnel is the journey that search visitors go through on their way to an email
subscription or a premium subscription to the services you offer or a purchase of products
you sell or recommend using your referral link.
For some buyers, research is the most important part when they have to buy a product.
Depending on that, their journey either widens or narrows down. These types of buyers are
Researchers and they spend more time with informational keywords.
Conversion is the action you want from your search visitors. Number of conversions that you
get for every 100 search visitors is called Conversion rate.
People who are at different stages of a conversion funnel use different types of keywords.
Core Web Vitals SEO Workshop - improve your performance [pdf]Peter Mead
Core Web Vitals to improve your website performance for better SEO results with CWV.
CWV Topics include:
- Understanding the latest Core Web Vitals including the significance of LCP, INP and CLS + their impact on SEO
- Optimisation techniques from our experts on how to improve your CWV on platforms like WordPress and WP Engine
- The impact of user experience and SEO
For too many years marketing and sales have operated in silos...while in some forward thinking companies, the two organizations work together to drive new opportunity development and revenue. This session will explore the lessons learned in that beautiful dance that can occur when marketing and sales work together...to drive new opportunity development, account expansion and customer satisfaction.
No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
Fortschrittliches Ki unterstütztes Marketing über WhatsApp Digital - membersh...focsh890
Introduction to Topic One
In this section, the focus is on delving into the
intricate details surrounding Topic One. It is essential
to gain a comprehensive understanding of this topic to grasp Its significance fully. Here are key points to consider:
Definition of Topic One: Understanding the concept of Topic One Is fundamental as it forms the basis for further exploration.
Historical Background: Exploring the historical context of Topic One provides valuable insights into its evolution over time.
Significance and Relevance: Examining why Topic One Is important in its respective field sheds light on its relevance In current discussions
10 Video Ideas Any Business Can Make RIGHT NOW!
You'll never draw a blank again on what kind of video to make for your business. Go beyond the basic categories and truly reimagine a brand new advanced way to brainstorm video content creation. During this masterclass you'll be challenged to think creatively and outside of the box and view your videos through lenses you may have never thought of previously. It's guaranteed that you'll leave with more than 10 video ideas, but I like to under-promise and over-deliver. Don't miss this session.
Key Takeaways:
How to use the Video Matrix
How to use additional "Lenses"
Where to source original video ideas
Digital marketing is the art and science of promoting products or services using digital channels to reach and engage with potential customers. It encompasses a wide range of online tactics and strategies aimed at increasing brand visibility, driving website traffic, generating leads, and ultimately, converting those leads into customers.
https://nidmindia.com/
2. Introduction
In the past, many branded fashion shop’s has
also carried out research regarding their
products before launching into the market.
However, no one has implement any sort of
research and prepared a report based on the
Marketing strategies. Strategies of some of
the leading brand fashion shop. That is why, I
am interested in doing the research on
“Branded Fashion Shop and Its Marketing
Strategies in Bangladesh”.
3. Methodology
The methods used in the preparation of this
research paper are described below:
i.The first step was to select the topic and the
objectives on which I have worked on some
leading fashion organization such as Artisti
Collection Limited, VASAVI,ZARA, Shoppers
World, CATS Eye etc.
4. ii. Secondly, in order to fulfill the needs of
my research objectives I have taken
interview
for secondary data collection. So, I have
taken interview of the HR Head of Artisti
VASAVI,ZARA, Shoppers World and CATS
Eye.
5. iii. Thirdly, I collected primary data by
carrying out market research of a random
sample of
50 people in the Artisti, VASAVI,ZARA,
Shoppers World, CATS Eye showroom
through
questionnaires having both close-ended and
open-ended questions.
6. iv. Fourthly, I also collected some
secondary data using our text book,
Artisti’s VASAVI,ZARA, Shoppers World,
CATS Eye page in
Facebook, other online resources, and
other reliable sources such as Artisti’s,
VASAVI,ZARA, Shoppers World, CATS Eye
staff members, store managers etc.
7. v. Finally, I analyzed the data and prepared this
report and tried to give our readers a
practical insight on Artisti’s, VASAVI,ZARA,
Shoppers World, CATS Eye etc Marketing
Mix, market segmentation, product’s
position,Competitor’s profile, the changes that
took place in the organization, company’s
competitive work place, organizational quality
assurance, and safeties and securities.
8. Findings/RecommendationFindings/Recommendation
At the end of any study few recommendations
are normally prescribed. In this report some
recommendations are provided which might
be helpful for the chosen organization.
However, the
chosen organizations Artisti Collection
Limited, Shoppers World, CATS Eye is the
best local clothing company in
Bangladesh in terms of quality.
9. It is always considered that the brand would
be better and
efficient comparing to the other foreign
brands like Vasavi, Zara because
of the price competition, as products of
those foreign brands are of same quality as
Artisti, Cats Eye brands
but are of higher price due to import taxes.
10. I have prepared a report on the organizations
based on its marketing
strategies and I have found few
recommendation. Some of the
recommendations are being
implemented without much researcher due to
limited access to their sensitive data.
Following are some of the few
recommendations given to Artisti Collection
Limited, VASAVI,ZARA, Shoppers World,
CATS Eye etc.
11. i. Create brand differentiation by creating
exclusive brand segment compare to other
clothing related products.
a)To make it difficult for the competitors to
diagnose the determinants of success
and cannot be easily copied
b)To create exclusive brand segment to create
channel of consumer who are
exclusive and within sophisticated premium
clothing segment(introduce club
concept )
12. To make a company more competitive, it has to build difficult to
imitate elements in and around its business model. The more
multidimensional a firm s competitive advantage is, and the‟
more
each dimension of competitive advantage is based on complex
bundles of company’s capabilities, the more difficult it is for a
competitor to diagnose the determinants of success.
Brand fashion shops need to pay attention to things that add
value to their proposition,because these things accumulate and
they cannot be easily copied or challenged by competitors.
Brand fashion shop can create exclusive brand segment
compare to other clothing related
Products.
13. Like Executive Motors they bring highly expensive BMW cars in
Bangladesh; they are creating specific consumer group for selling this
Cars. Artisti marketing differentiation strategy
should be like that to create channel of consumer who are exclusive
and within sophisticated premium clothing segment. To implement the
differentiation the brand fashion shop can
introduce club concept where customers buying Artisti products
worth more than a specified amount (say for Artisti merchandise
worth more than Tk50,000) will automatically registered in
Artisti Club. The Artisti club members can get various kinds of
privilege for example: Shopping discount in Shoppers world, various
offer in star labeled hotel or big restaurant, exclusive
waiting lounge in Airport, travel discount etc.
14. ii. Implement research to know about consumer
insights
a)To understand consumers’ needs and their
perception on brand fashion shop
b)To know about consumer insights for targeting
new consumers more effectively
and serve current consumers better.
iii.To identify consumers who are influencer’s for
spreading the word-of-mouth
(WOM) or word of mouse further, and respond
quickly and fairly to customer
complains to hinder negative word-of-mouth
15. Brand fashion shops need to conduct various consumer research
programs to help in the understanding of consumers need and their
perception on brand. It is suggested that consumer research be also
delegated to showroom offices to gain area specific effects and
nuances. The headquarter can focus more on generic research such as
advertising effectiveness, focus group on new product innovation and
development, clothing patterns etc. If available, the
purchase of showroom consumer insight reports from staff members
is a useful tool. Artisti should add demographic profiles to the online
questionnaire on consumer registration to gain better insight and to
help brand fashion shops target new consumers more effectively and
serve current
consumers better. In terms of customer relationship management, the
system should be able to identify consumers who are influencers or
what „influences consumers. An influencer is‟ someone or something
able to persuade the target audience to purchase the product and it is
assumed that every target audience has an influencer group.
16. Having good consumer insight from
this group of consumers will help in the profiling and acquisition of
new consumers. Brand fashion shops should put more marketing
effort on groups of influencers and give them unexpected rewards to
motivate them to spread the word-of-mouth (WOM) or word of
mouse further and respond quickly and fairly to customer complains
to hinder negative word-of-mouth. Word-of-mouth communication is
individual sharing information with other individuals, which are a
critical
influence on consumer decisions and business success. On the
contrary, negative word-of-mouth can offset thousands of brand
fashion shops customers in positive media advertising.
Unhappy customers tell an average of nine others about their
dissatisfaction. So, brand fashion shops must
give priority on negative word-of-mouth regarding the brand if any.
17. iii. Focusing on their target marketing:
a)For grouping customers with similar need
b)For choosing appropriate media for
communicating with their target consumers
Once the company knows more about their
target consumers, then they can launch more
focused
marketing campaigns to sub groups to achieve
higher acquisition rates more cost effectively.
18. Below are some examples illustrating how brand fashion shop
can maximize return of investment through
target marketing. If brand fashion shop makes good use of a
variety of media, technology, partners and
communities, they will be able to target their consumers more
effectively.
a. If brand fashion shops knows that the decision makers or
influencers of purchasing an expensive
items such as Sherwanis, Kurtas, Men s Suit,Italiani Gold‟
Collection Shirts etc are mainly corporate executives, rich
business person then they can post the
advertisement in appropriate Newspaper, magazines, on IT,
orientated web sites.
19. b. In terms of online advertising, brand fashion
shops know that their consumers like Internet
and watching advertising, they can place online
advertising that target people who search the
words
clothes, accessories, fashion, sport, movie or
surf the pages related to these topics.
c. Marketing can develop a referral program
targeting or exclusive premium clothing
segment people, as this group of consumers
has more leisure to engage with their friends
and family.
20. iv. Brand Positioning and Brand Building Strategy:
Positioning the brand to match its quality by creating more classy and
elegant image.The overall brand essence is indulgence . Currently, the‟
marketing communications of
Brand fashion shops project a classy and elegant image. The
researcher suggests that the brand or certain
products within the portfolio could be extended to communicate a
more lively, joyful and playful and in doing so projects the indulgence
image to appeal to a wider group of audience. Brand fashion shop may
also want to or need to target a more mature group of consumers, as
the more mature segments
of the population have increased per capita income today, people who
enjoy the clothing ritual
and are willing to pay a premium price for the experience. They are
usually the people who like to have a classy and elegant look.
21. v. Choose different marketing communication media for their
premium products.
Marketing Communication is very important for premium
products like Men’s Suit, Sherwanis,
A Kurtas, women’s Suit, winter Jacket,Italiani Gold Collection
Shirts etc. Since its target
consumer group is exclusive upper class segment that’s why the
marketing communication will
be very sensitive. Internet can be used for communicating
regarding the premium products because the
target Consumer frequently used Internet. Major daily
Newspaper Specially English (The Daily
Star, New Age) can be used for communication with target
group.
22. vi. Should bring more variety in women’s and children’s wears:
To gain market share
Most of the consumers in clothing industry are men,women and
children. If the company focuses on
them then they might win more market share. So, these help
can the
organization gain market share and brand fashion shops
products might eventually become a Star Products
where both market growth as well as market share.For example
Cats Eye employed star singer Habib Wahid as there brand
ambasador.
Beside all those recommendations mentioned above, I also
would like to recommend some
others basic requirements for the organization. They are as
follows:
23. a)Communication skill needs further improvement
between corporate office and market
outlets.
b)The man power should be increased for lessen the load
of worker in showrooms.
c)Should put more details on the company’s web site
about Artisti, VASAVI,ZARA, Shoppers World, CATS Eye
for general consumers.
Some recommendations have been made to Artisti,
VASAVI,ZARA, Shoppers World, CATS Eye for
consideration, but these have been by no
means exhaustive.
24. In fact, Artisti, VASAVI,ZARA, Shoppers World, CATS
Eye may well benefit from doing a few key moves very
effectively
and for this they need a high level of consumer, since
the clothing brand is basically high end in
Bangladesh market. The company should seek to be the
first to create various difficult to imitate
points of differentiation to build sustainable competitive
advantage and then aim to dominate in
different exclusive segments/markets. By doing this and
then continuing in an iterative process,
Artisti, VASAVI,ZARA, Shoppers World, CATS Eye etc
can capture market share and lock in consumers for a
sustained periods.
25. ConclusionConclusion
In conclusion, the leading and fastest growing ready-made
fashion brands in Bangladesh cannot compromise anything with
their quality. According to their 4ps of their Marketing mix,
even though they don’t have much product variety, they are
successful is offering best quality in the market. Their
promotional activities are emphasized to build their quality and
reliability attributes on consumers mind with trust and
professionalism in their work, price is not their main concern to
be focused in their promotional activities. As being both
manufacturer and retailer, they have a full control both on their
production, distribution and
market outlet. Their potential consumers are those who
acknowledge that brand fashion shop is all about quality and
most importantly those who can afford the products.
26. They develop their products for the
targeted market based on clothing culture as well as from the
religious perspective of Bangladesh.
Their target market areas are Dhaka, Chittagong and Sylhet
where the population density is high,
and per capita income is higher comparatively. The Company fall
under the Question Marks in
The Boston Matrix which means their market growth is high
and on the other hand their market
share is low in clothing industry. So, they are growing rapidly
and thus consume large amounts
of cash, but because they have low market shares they do not
generate much cash. Among the
major competitors of brand fashion shop in the market are
Vasavi, Zara, and ,Artisti,Shoppers World, CATS Eye etc.
27. Shoppers World is the strongest competitors in terms of market
share. However, Artisti is a
price winner in the market as they have cheapest price for men’s wear
comparatively. The
company is welcoming to change and it brings changes both in
management and in the product.
Sometimes the changes are good or sometimes the changes are bad.
But they didn’t stop the
changing process and taking measured risk for the betterment of
customers, employees, and the
organization as a whole. They may not adopt the best marketing
strategies but yet comparatively their marketing strategies
are best than the other local companies. Their quality is their primary
concern in their
strategies and they are being successful in maintaining it. No wonder
the tag line of the brand is
“Quality that you can Trust”.