Michael Kors is a global luxury lifestyle brand founded in 1981 that offers ready-to-wear, accessories, and footwear. It has two primary collections, Michael Kors Collection and MICHAEL Michael Kors. The company has expanded globally through retail stores, department stores, and online, and is now available in 85 countries. Michael Kors has pursued an aggressive international expansion strategy, opening flagship stores in major cities across Europe and Asia to strengthen its global brand and drive revenue growth. This strategy has proven successful, as the company has experienced significant revenue increases in recent years.
Stella McCartney Trend Research and Design ConceptsTanise Edwards
The combination of Stella McCartney's corporate research, customer research, color and trend research, and a new concept and fashion board for a possible upcoming Stella McCartney line.
Stella McCartney Trend Research and Design ConceptsTanise Edwards
The combination of Stella McCartney's corporate research, customer research, color and trend research, and a new concept and fashion board for a possible upcoming Stella McCartney line.
Retail Management project choosing a selected store of our choice and analysing it in order to propose new ideas to better it so that it can compete alongside it's competitors
Retail Management project choosing a selected store of our choice and analysing it in order to propose new ideas to better it so that it can compete alongside it's competitors
INDUSTRY- perfume and fragnance
PRODUCT NAME- Soliflore
Marketing management project(BBA)
Perfume is a mixture of fragrant essential oils or aroma compounds, fixatives and solvents, used to give the human body, animals, food, objects, and living-spaces an agreeable scent. It is usually in liquid form and used to give a pleasant scent to a person's body.
The word perfume derives from the Latin perfumare, meaning "to smoke through".
Many ancient perfumes were made by extracting natural oils from plants through pressing and steaming. The oil was then burned to scent the air. Today, most perfume is used to scent bar soaps. Some products are even perfumed with industrial odorants to mask unpleasant smells or to appear "unscented."
Luxury Brands (15th Alex Marketing Club) by Mr.Mohamed AttiaMahmoud Bahgat
Luxury Brands (15th Alex Marketing Club) by Mr.Mohamed Attia
to attend & Get the Address Confirm to me on Pvt WhatsApp
#Mahmoud_Bahgat
00966568654916
#Marketing_Club
Only If you are a Marketer Register as a member & or a Speaker in the link
http://goo.gl/forms/RfskGzDslP
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جروبات خاصة عالواتساب ب
محبي العمل فالتسويق فالمستقبل
غير عاملين بالتسويق حاليا للتعلم
■ أهم الإعلانات والأفكار والكتب في التسويق■
■■ *بدون كلام ولا سلام ولا شكرا*■■
فقط اشتراك الجروبات
وليس حضور اجتماعات نادي الماركتينج
■ *(الماركتيرز لهم جروبات خاصة)*■
ويستطيعوا حضور الاجتماعات الشهرية ولنا
■ اشترك في جروب واحد منهم فقط دوس على اللينك ■
Marketing club 19 (Future)
https://chat.whatsapp.com/IqDyV0a7GcPIKhcSKan8zD
Marketing club 20 (Future)
https://chat.whatsapp.com/Kt0SlWIeh3n8JPNrUKBOX8
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Marketing Club Middle East
Since 29 October 2015
We have 7 groups whatsapp
with 750 marketers
From all middle east
since 9 years
& now 13 more groups
For Marketing Club Lovers as future Marketers
Many non Marketers yet have asked to Attend the Club
((We Wish All can Attend,But Cant right now but soon we will..))
Criteria for attending Marketing Club Meetings
•••••••••••••••••••••••••••••••
For Better Harmony & Mind set.
Must be only Marketer
Also Previous Marketing experience
●Business Managers
●Country Manager,GM
●Directors, CEO
Are most welcomed to add Value to us.
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《 *Unmatched Criteria*》 till we allow all soon
Not Med Rep,
Not Key Account,
Not Product Specialist,
Not Sales Supervisor,
Not Sales Manager,
●●●●●●●●●●●●●●●●●●
But till you become a marketer
you can join our What'sApp group
Marketing Lover Future Club Group
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《 *Unmatched Criteria*》
For Conflict of Interest
Also Can't attend
If Working in a Marketing Services Provider
=not Hotel or tourism
=not Restaurant
=not Advertising
=not Event Manager
=not Market Researcher
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this Club for Only Marketers
Soon will open for all
Very Soon we will have
■ Business Leaders Club ■
For Sales Managers & Directors
Will be Not for Marketers
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جروب وصفحة الماركتينج كلووب عالفيسبوك
#Marketing_Club Group on Facebook
https://www.facebook.com/groups/837318003074869/
Now we can talk freely In all marketing topics
As open discussion all the time
On our Facebook group
Without disturbing anyone
on our 16 what'sApp groups
To keep what's app groups simple &to the point
Only 2 or 3 posts daily
■اتكلم براحتك على الفيسبوك■
وخلي الواتساب صور وكتبو وبوستات كاملة فقط حتى لا نزعج الناس
اشترك الآن في صفحة الفيسبوك
https://www.facebook.com/MarketingTipsPAGE/
اشترك الآن في جروب الفيسبوك
https://www.facebook.com/groups/837318003074869/
لتسجيل بيناتك لتصلك بعض المحاضرات لو أمكن عالايميل
http://goo.gl/forms/RfskGzDslP
#Marketing_Club
#Mahmoud_Bahgat
00966568654916
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2. About Michael Kors
● Global Luxury lifestyle brand.
● Started in 1981 offering American luxury
sportswear.
● September 2000: First store opened in New
York
● 2002: Opened store in Tokyo
● Later, flagship store in the West Coast
● Now offers ready-to-wear, accessories, and
footwear.
● Two primary collections: Michael Kors
Collection and MICHAEL Michael Kors.
● Use top quality materials and craftsmanship in
products.
● Michael Kors is now available in 85 different
countries and online.
3. Mission
“Michael Kors is the leading American fashion designer for luxury accessories and sportswear. The company's
heritage is rooted in producing polished, sleek, sophisticated American sportswear with a jet-set attitude.
Whether Aspen, Palm Beach or Capri, our mission is to bring our vision of a jet-set, luxury lifestyle to women
and men around the globe. Our products, emblematic of the highest standard of quality, include apparel,
accessories and beauty. Our lifestyle-driven company embraces the highest standards of creativity, quality,
technology and human resources.”
- Master in Times
4. Business Strategy & Goals
Three Segments
● Retail
● Licensing
● Wholesale
Company controls global distribution
networks through retail stores,
department stores, specialty stores, and
certain licensing partners. Under Two
primary collections: Michael Kors
Collection and MICHAEL Michael Kors.
2014 FY:288 stores in North America, 117
International stores accounted for 48.1%
total revenue.
Goals
● Increase revenue and profits
● Strengthen Global Brand.
● Global Brand awareness & customer
loyalty.
● Expand retail stores in 600 high traffic
areas.
● Increase wholesale sales in North America
● Increase shop-in footprints for visuals.
● Expanding existing stores.
● offering new products
● Expand internationally (Europe)
7. Competitive Analysis
How?
Style, Price, Customer Service, brand recognition, quality and brand prestige.
Have larger and diversified products
Have greater financial, technological,manufacturing, sales, marketing and distribution resources.
We face intense competition from other domestic and foreign accessories, footwear and apparel producers and retailers,
including, among others, Coach, Burberry, Ralph Lauren, Hermès, Louis Vuitton, Gucci, Marc Jacobs, Chloé, Tory Burch and
Prada.
8. How to stay Competitive?
● Response to consumer demands at the right time
● Maintaining favorable name brand recognition
● Maintaining product quality
● Holding on to key employees
● Maintaining and holding market share
● Develop quality and unique products that appeal to the target market
● Maintaining loyal relationships with customers
● Pricing products appropriately
● Providing excellent customer service and support to retailers
● Optimizing retail and supply chain capabilities
● Determining size and location of retail and department store selling space
● Protecting intellectual property
9. Global Strategy
"We have plans to open in all the major cities, including London, Paris and
Milan, in the next three years, London is the next high priority. Then it will
depend on the availability of the best street, whether it's a street location or
inside of a mall. We'd rather wait than go into the wrong location."
- John Idol, CEO Michael Kors
10. Global Strategy
● Acquisition by Sportswear
Holding (Hong Kong) in 2003
● Moved corporate headquarters
to Hong Kong
● IPO in 2011
● Reincorporated in British Virgin
Islands in 2011
○ avoid US taxes & regulations
○ only taxed on revenues
earned in US
11. Michael Kors Milan
● Opened in 2008
● First European store
● Michael Kors & MICHAEL
Michael Kors
“Italian customers are most
discerning about quality, they like
clothes that are fresh and fashion,
but above all, they want clothes
that will last and this is what I
offer” - Michael Kors
13. Entry Barriers - Italy
● Bersani Law (March 1998)
○ increase competition
○ favor modernization
○ decentralize decision making
○ regulatory power to local authorities
14. Michael Kors Madrid
● Opened in 2012
● First store in Spain, 17th in Europe
● Located in heart of Golden Mile
● Michael Kors and MICHAEL Michael Kors
"We knew that when the time was right to open
in Spain, it would have to be in Madrid. It was just
a matter of finding the right location. We’re well-
situated in an area renowned for its great variety
of luxury shopping and the Michael Kors brand
will be a strong addition to that mix.”
- John Idol, CEO of Michael Kors
16. Entry Barriers - Spain
Comisión Nacional de la Competencia
1. defining a large retail firm based on location
2. establishing criteria to determine size of
firm
3. defining firm as large if 25% is owned by a
large firm
4. establishing requirements to license
discount stores
5. restricting expansion or change of
ownership
6. requiring financial plans to license
commercial establishments
7. imposing outright bans on large retail
17. Michael Kors Tokyo
● Opened in 2011
● 2nd store in Tokyo
● “the mecca of luxury in Japan”
"I'm excited to open my largest store in
Tokyo in one of the most vibrant places of
the city. The energy and the quick pace of
Roppongi Hills are perfect for my new
store." - Michael Kors
21. Success
● Total revenue increased 42.7% to $1.1 billion from $740.3 million in the second quarter of fiscal 2014.
● Retail net sales increased 39.4% to $495.6 million driven by 121 net new store openings since the end of
the second quarter of fiscal 2014 and a 16.4% increase in comparable store sales. Wholesale net sales
increased 46.1% to $514.1 million and licensing revenue increased 42.8% to $46.9 million.
● Revenue in North America increased 29.8% to $802.2 million, with a 10.8% increase in comparable
store sales. European revenue grew 108.6% to $237.9 million, with comparable store sales increasing
41.1%. Revenue in Japan increased 106.3% to $16.5 million, with comparable store sales growth of
52.9%.
● At September 27, 2014, the Company operated 473 retail stores, including concessions, compared to 352
retail stores, including concessions, at the end of the same prior-year period. The Company had 176
additional retail stores, including concessions, operated through licensing partners. Including licensed
locations, there were 649 Michael Kors stores worldwide at the end of the second quarter of fiscal 2015.
22.
23. Should Michael Kors Go Global?
YES!!
● Brand Recognition in all retail segmentations-domestic and internationally
● Acceptance brand name through target market
● Cater to diverse audience
● Have two labels: Michael Kors Collection and MICHAEL Michael Kors
● Runway ready-to-wear is wearable.
● Google ranked Michael Kors the 2nd
most searched high-fashion brand of the
year in its Zeitgeist 2013 report.
● Top fashion brand on social media of
2013 by social media analyst Starcount.