Westside began in 1998 when TATA acquired Littlewoods, a UK retail chain. It was subsequently renamed Westside and has since carved a niche for itself in India. Westside aims to be the most preferred lifestyle retailer through understanding customer needs, fashion leadership, and excellent service. It sells both other brands and its own private labels to earn higher margins while maintaining quality control. Westside conducts research before entering new markets and tailors its retail model, product assortment, and promotions accordingly to attract customers from the unorganized sector through style, affordability, and shopping experience.
The Concept of Luxury Brands - PresentationKlaus Heine
This presentation corresponds to the paper about the definition and categorization of luxury products and brands, "The Concept of Luxury Brands" by Klaus Heine, www.conceptofluxurybrands.com.
ABSTRACT: This paper defines both luxury products and brands and also distinguishes similar concepts such as premium and masstige and differentiates between major types of luxury products and brands such as accessible vs. exceptional luxury products and connoisseur vs. star brands. In that way, it should create a better understanding of what actually constitutes luxury products and brands, and thus should be useful for both researchers and managers within the field of luxury brand management.
CONTENTS of the Paper:
I. The TAXONOMY OF LUXURY
1. The Basic Definition of Luxury
1.1. The Necessity-Luxury Continuum
1.2. The Relativity of Luxury
1.3. General Perspective for the Definition of Luxury
2. The Major Understandings of Luxury
2.1. The Philosophical-sociological Understanding of Luxury
2.2. The Micro-economic Understanding of Luxury
2.3. The Managerial Understanding of Luxury
2.3.1. Areas of Research
2.3.2. Scope of Luxury
2.3.3. Limiting the Scope of Luxury
3. Luxury Products
3.1. The Definition of Luxury Products
3.2. Categorization of Luxury Product Industries
3.3. Types of Luxury Products
4. Luxury Brands
4.1. The Definition of Luxury Brands
4.2. The Relationships between Luxury Products and Brands
4.3. The Relationships between Luxury Characteristics and Brand Identity
4.4. Types of Luxury Brands
4.4.1. Luxury Brands by Luxury Level
4.4.2. Luxury Brands by Awareness
4.4.3. Luxury Brands by Business Volume
4. Distinguishing Luxury Products and Brands from similar Concepts
5.1. Premium Products and Brands
5.2. Masstige Products and Brands
5.3. Prestige Products and Brands
II. HANDBOOK FOR THE CREATION OF LUXURY PRODUCTS AND BRANDS
1. The Characteristics of Luxury Products
1.1. Price
1.2. Quality
1.2.1. Manufacturing Characteristics
1.2.2. Concrete Product Characteristics
1.2.3. Abstract Product Characteristics
1.3. Aesthetics
1.4. Rarity
1.5. Extraordinariness
1.6. Symbolism
2. The Luxury Marketing-Mix
2.1. Luxury Product Policy
2.2. Luxury Price Policy
2.3. Luxury Distribution Policy
2.4. Luxury Communication Policy
V. CONCLUSIONS
power point presentation on the retail store westside, showing why it's been a giant now, and how the approach is been taken in therms of designing the strategies for it.
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.
Anup Sasidharan, Course Leader for Luxury Brand Management at Pearl Academy explains the market potential and career opportunities in Luxury segment in India.
The Concept of Luxury Brands - PresentationKlaus Heine
This presentation corresponds to the paper about the definition and categorization of luxury products and brands, "The Concept of Luxury Brands" by Klaus Heine, www.conceptofluxurybrands.com.
ABSTRACT: This paper defines both luxury products and brands and also distinguishes similar concepts such as premium and masstige and differentiates between major types of luxury products and brands such as accessible vs. exceptional luxury products and connoisseur vs. star brands. In that way, it should create a better understanding of what actually constitutes luxury products and brands, and thus should be useful for both researchers and managers within the field of luxury brand management.
CONTENTS of the Paper:
I. The TAXONOMY OF LUXURY
1. The Basic Definition of Luxury
1.1. The Necessity-Luxury Continuum
1.2. The Relativity of Luxury
1.3. General Perspective for the Definition of Luxury
2. The Major Understandings of Luxury
2.1. The Philosophical-sociological Understanding of Luxury
2.2. The Micro-economic Understanding of Luxury
2.3. The Managerial Understanding of Luxury
2.3.1. Areas of Research
2.3.2. Scope of Luxury
2.3.3. Limiting the Scope of Luxury
3. Luxury Products
3.1. The Definition of Luxury Products
3.2. Categorization of Luxury Product Industries
3.3. Types of Luxury Products
4. Luxury Brands
4.1. The Definition of Luxury Brands
4.2. The Relationships between Luxury Products and Brands
4.3. The Relationships between Luxury Characteristics and Brand Identity
4.4. Types of Luxury Brands
4.4.1. Luxury Brands by Luxury Level
4.4.2. Luxury Brands by Awareness
4.4.3. Luxury Brands by Business Volume
4. Distinguishing Luxury Products and Brands from similar Concepts
5.1. Premium Products and Brands
5.2. Masstige Products and Brands
5.3. Prestige Products and Brands
II. HANDBOOK FOR THE CREATION OF LUXURY PRODUCTS AND BRANDS
1. The Characteristics of Luxury Products
1.1. Price
1.2. Quality
1.2.1. Manufacturing Characteristics
1.2.2. Concrete Product Characteristics
1.2.3. Abstract Product Characteristics
1.3. Aesthetics
1.4. Rarity
1.5. Extraordinariness
1.6. Symbolism
2. The Luxury Marketing-Mix
2.1. Luxury Product Policy
2.2. Luxury Price Policy
2.3. Luxury Distribution Policy
2.4. Luxury Communication Policy
V. CONCLUSIONS
power point presentation on the retail store westside, showing why it's been a giant now, and how the approach is been taken in therms of designing the strategies for it.
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.
Anup Sasidharan, Course Leader for Luxury Brand Management at Pearl Academy explains the market potential and career opportunities in Luxury segment in India.
comparison between private labels and brands of Shoppers stop limited.Shukla Dev
This presentation will help you to understand the difference between private labels and brands in retail industry.The pricing and promotional strategy used by retailers in Indian retail industry.
It is about the Fundamental analysis such as SWOT, Porters five force, BCG matrix, CPM matrix, Grand strategy matrix, QSPM matrix, IE matrix, Ratio analysis of Pantaloons
Lifestyle Marketing offers a range of products to consumers. These products are customized or tailor made to satisfy the need of our clients. We manufacture products of highest quality that delivers value to the users in terms of quality as well as pricing. Following is the assortment of products that we offer to our consumers :
Health care products
Lifestyle products
Wellness and nutritional products (body care, beauty care, personal care and home care)
Coupons of various brands (Many reputed brands to be redeemed at full value)
Lifestyle Marketing also has tie-up with various branded companies and corporate for retailing of the products directly to the consumers. Each product is defined with parameters like MRP, DP, BV, etc. Retailing of products is flourishing in the modern trade as of now and it has future potentials as well. The future of this industry as well as people associated with it also seems bright. Therefore, Lifestyle Marketing aims to provide a secure working environment to the people of this country by offering self employment opportunity to individuals who wish to secure a financially stable future for themselves and their family members.
This presentation has been prepared by students of Masters in Fashion Management, NIFT Delhi and describes assortment planning concepts through an example of shopper's stop.
RTMNU 4th sem MBA
Subject - Retail Sales Management & Services Marketing [ Marketing ]
Module 3 SUMMARY
RETAIL MERCHANDISING AND CRM
BY Jayanti R Pande
MBA free notes pdf download
JRP MBA notes
Free RTMNU Marketing notes by Jayanti Pande
Unleash Your Creativity: Start Your Dream Cosmetics Line with JordaneNature's Own Cosmetics
Have you always wanted to launch your own cosmetics line? With Jordane Cosmetics' no minimum private label makeup policy, your dreams are within reach. Explore our premium products and take the first step towards your beauty empire. Visit Here: https://www.jordane.com/private-label-cosmetics
financials of the company,trent sub brands, existing product strategy, rank wise competitors, stores, retail business area, sales per square feet of business area, operating standards, revenue sales, operating profit, profit after tax, financials, looking forward
Private labeling enables you to outsource manufacturing, sourcing, importing, shipping, and more to another company. Find out more about what is private labeling
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
2. HISTORY Story began circa 1998 when TATA acquired LITTLEWOOD’S a London based retail chain Acquisition was followed by establishment of Trent Ltd. LITTLEWOODS was subsequently renamed WESTSIDE WESTSIDE has carved a niche for its brand of merchandise creating a loyal following Has garnered numerous accolades like Indian brand summit, most admired format retail chain etc
3. FACTS 1952-TATA entered cosmetics business through Lakme Ltd. 1996-Lakme entered into joint venture with Hindustan Unilever 1997- TATA sold their stake in Lakme to HUL for Rs.2 billion 1998-TATA ventured into retailing and acquired the Britain based Littlewoods retail store in Bangalore 1999- Westside expanded its operations to Chennai, Mumbai and Hyderabad. 2000- During the Diwali season Westside launched a festival of delights program 2001- Second store in Mumbai, Pune, Kolkata and Delhi 2002- Store in Nagpur and second store in Delhi and signed Yuvraj Singh as his celebrity endorser.
4. MISSION STATEMENT To be the most preferred and consistently profitable Lifestyle retailer Develop a comprehensive understanding of customer needs Always be in forefront of fashion and services by anticipating and exceeding the expectations of customers Continue to scale new heights of excellence through teamwork Policy to satisfy customers with the range, quality and value of the products to customers Complete confidence in the quality of merchandise
5. SELLING OWN BRAND To earn high profit margins on Private Labels Brand Grab the opportunities to stand out from the crowd International retailers using own label brands To control on quality of the product To offer unique valuable product to customers
6. SELLING OWN BRAND ADVANTAGES DISADVANTAGES High margins Freedom in pricing strategies Control on quality Control on scrap and wastage Helps in market expansion Adding value to the customer in giving low price Very few players are into manufacturing “just another brand” Underestimate competitors Customer giving preference to established brands Private labels cannot be successful without good effective strategies Cost is high because production is low High advertising to promote the brand Potential risk- Failure of product
7. KEY AREAS CHEAP- WINNING WITH PRICE BIG- WINNING WITH DOMINENT ASSORTMENT HOT- WINNING WITH FASHION EASY- WINNING WITH SOLUTION ORIENTED SERVICE
8. Westside Retail Model Marketing Research Customers Feedback Advertising And Promotion Retail Layout Product And Positioning
11. After conducting research it was observed that ratio of both store own brands and other brands was 30:70.
12. It was also observed that Indian retailers suffered on account of poor economics and investment in brand building as compared to the international retailers.
13.
14. Westside decided to push its own brands to earn high margins as they had more control over the manufactures, quality and distribution.
15. By selling the products under westside brand, the company was able eliminate intermediaries and hence intermediaries commission was saved that leaded to higher profits.
23. PROMOTIONAL STRATEGIES Two parameters: style and affordability External communications through advertising Great shopping experience Based on theme like mix and match , live bands and other attractions By giving scratch and win cards during festive season Advertising contract with leading personalities Offered CLUBWEST loyalty cards
24. FUTURE OUTLOOK Greatest challenge to beat the unorganized sector as 98% of India’s retail garment industry operated in unorganized sector. Main focus was to get people visit instead of unorganized sector Making customers realize that Westside give latest style at very good prices