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Key elements of lululemon's strategy
Market analysis for lululemon
Case 1: The Rise of Lululemon: introduction
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Overall, I don’t know how I feel about Lululemon’s product for a high price. I know fitness gurus that praise the company’s products mentioning the high quality of their product. I also know that there are many other comparable quality products out there that is half the price or less. I’m also glad that founder, Chip Wilson, is no longer affiliated with Lululemon. He did not seem like a great CEO at that time, and I’m glad the current CEO took over.
Corporate Social Responsibility Code of Conduct Dollarama has a very strong sense of corporate social responsibility and their code of conduct and ethics is proof of this. This code applies to all employees of the corporation and the employees are expected to act according to the rules in the code of conduct. “The objective of this Code of Conduct and Ethics (the “Code”) is to provide guidelines for maintaining the integrity, reputation, honesty, objectivity and impartiality of Dollarama.” (Dollarama Code of Conduct and Ethics, 2010) According to Dollarama, the policy mainly deals with but is not limited to these issues stated below.
There has been deflation for clothing over the last two decades. Though the cost of producing clothes has increased, the price of clothes has become lower because of
Trademark struggle with Hollister, California As per an article in the Los Angeles Times in April 2009, Abercrombie and Fitch has debilitated shippers and inhabitants of Hollister, California who need to utilize the name "Hollister" on attire. The article cites David Cupps, general guidance for Abercrombie and Fitch: "In the event that they attempt, they would get a call and considerably more." Additionally, as indicated by the article: "The discussion over the name warmed up in 2006 when Stacey Crummett, CEO of Hollister-based Rag City Blues, included "Hollister" to the mark of her vintage bluejeans. In light of her trademark enlistment application, Abercrombie and Fitch lawyers sent her a letter affirming she was damaging the organization 's trademark and undermining to sue."
Pestle Analysis Political Factor Eataly operates in global environment with their operation spread all around the globe; the operation of the company is influenced strongly by political situation of the country where they are doing business. As Eataly have flexible policies to adjust in an unstable economy (Reijers & Mansar, 2005). Economic Factors The entire planet has witnessed the economic decline and hence the characteristic of purchasing products has been greatly affected all companies without exception Eataly. In addition, the income level of Europe is relatively uneven which makes some people fail to pay for products offered by the company (Chaffey, 2009).
The temporary character of competitiveness, which can be lowered anytime. 4. The massive spending on technological advances. 5. The brand image misconception in which low prices are usually associated with low quality product.
Introduction Abercrombie & Fitch, also known as A&F, founders are David T. Abercrombie & Ezra Fitch founded in New York City (June 4, 1892) now the key people person is Mike Jeffries (Chairman & CEO) Abercrombie & Fitch is an American retailer that focuses on casual wear for consumers aged 18 to 22, It has over 300 locations in the United States and is expanding internationally, The company have 10,000 full time employees and 80,000 part time employees The current version of A&F sells mostly clothes for the youth market, and describes its retailing niche as an inspirational "Casual Luxury” , Especially since 1997, the company has consistently kept a high profile in the public eye
Name - Mayank Saxena Case write up: Louis Vuitton Executive Summary Louis Vuitton’s (LV) major source of revenue was Fashion and leather goods which was 35% as compared to other products and 20% of this revenue came from Japan, undoubtedly a strong hold in the Japanese markets, with that being said, there are a lot many opportunities for LV to exploit in terms of new and emerging markets like China and India, which have a lot of untapped potential. They can expand their market segment by targeting the middle class and upper middle class bracket, and diversify their target audience i.e. women by introducing clothing for men and children. The key to deal with the current situation of LV would be to reduce dependency on Japanese markets and
Place- • Exclusively in Lululemon retail Stores and on company website • Use of Information Systems • Various channel partners Price- • High pricing – between $50-170 • Customer and profit-oriented Promotion- • Loyal customers, advocates and word of mouth • Personal
This is because they would like to keep their company and products within the States, meaning higher cost of labor and products, but, also higher quality overall. Additionally, their weakness is that the company is small and has limited
The company’s logo and monogram being seen on their products is something which is easily recognized by every customer. It is not only well known but has a rich history. Louis Vuitton is known globally and has a strong image in Singapore, China, Hong Kong and Japan which are leading financial hubs and individuals with high net worth. Largest luxury brand with exclusivity Traditional craftsmanship is not compromised by Louis Vuitton as these products are made to fine details and of exquisite material, discount and promotion does not happen and defective products are disposed immediately as written in their policy. Louis Vuitton products are highly priced due to superior quality, degree of scarcity and exclusivity.
Huawei, being a multinational company is affected by the external business environment. As such the impact of the external business environment factors on Huawei’s marketing strategy are explained by the PESTEL Model as follows: 1. Political Factors Political factors include laws and legislations which are of great importance due to the fact that they enclose many aspects of a company policy. Through regulatory bodies, the government implements policies that affect businesses in various ways (Vrontis and Pavlou, 2008).
PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.
It is because Nike’s target customers focus on the product’s quality. They think the higher the price, the better quality. However, according to China Daily(2010) “Nike Inc, the best-selling global sports brand, which is expecting record sales growth in China this year, is launching a range of low-priced products across the country rather than just focusing on high-end buyers.” Nike's low-priced products would be sports shoes retailing at 300 Yuan a pair, significantly lower than its normal prices in China.
PESTLE analysis of Vietnam market 1. Politics Political decisions could