Volcom Inc. SWOT Volcom was acquired by PPR in May 2011, I did the analysis from the standpoint that Volcom's management still remained independent. 1) Volcom's advertising and promotional strategy consisted of athlete sponsorship, print advertisements, branded events, online marketing, branded retail stores, music, film, and the Featured Artist Series. The company has stayed true to its board sport heritage since day-one recognizing a portion of their customers to be "poseurs" or groups of people who want to fit in with the current fad but have no real connection to what the brand represents. Through their corporate sponsorship of extreme sport athletic events and the development of both a music label & production company, Volcom …show more content…
eme sports magazines, involved in online marketing - Branded retail stores * Volcom sports an exciting and interactive website; particularly targeted at the youth and extreme sport enthusiasts; provides a venue where customers can "hang out" and communicate with one another - Website provides updates on extreme sport contest, and provides free videos of their sponsored athletes * Large distribution network: lifestyle retailers like Pacific Sun and Zumiez along with large amounts of independent surf shops and retail stores, additionally they have about 20 of their own retail stores * Integrated SKU, that provided management with a summary of all departments as well as a summary report outlining business and financial trends * Sound financials with large amounts of cash on-hand and high earnings yield Weakness * Clothing products are very interchangeable with competitors * Target customers (youth) are very unpredictable and often change their taste and sense of style * Large segment of their customers aren't true extreme sport followers but are what is commonly called a "poseur", and will only purchase the Volcom product to fit the lifestyle; causing reduced brand loyalty and an increased opportunity for Volcom clothing to be part of a phase that eventually passes - Volcom products are constantly in jeopardy of being a fad, opening the possibility to lose large amounts of revenue * Huge amount of extremely similar competitors which
Second is place, the locations of the stores, and the hours in which the stores are open. This is where selective distribution comes into play. “Nordstrom has 157 stores in 27 states, but they plan to open 19 more by 2010, expanding into Boston, Ohio, and other untapped U.S. markets.” By limiting where Nordstrom’s are located, this allows them to maintain a superior product image, and charge a premium price for the products.
PacSun, or more formally Pacific Sunwear, has been on a mission to “bring the beach to the people” for more than 36 years. Opening their first location in 1980, the company now runs more than 609 stores across the United States and Puerto Rico. Selling an array of casual apparel, accessories and footwear, the store’s products continue to be popular with teens and young adults. Read on to find out more about the retail chain, and check back soon for part two of this list.
The companies use mall based and mall concept stores to distribute their products. Also, customers can order products online from company websites.
In past and recent reports experts tell us that this is accurate and they rely heavily upon trendsetters to popularize new brands for them so that they are successful because often times this can either make or break a company. Now a days marketers are using crafty strategies to win over the hearts of young kids. In today’s youth the age group that market consists of includes kids which are age 6-9 years old, tweens which are 10-13 years old, and teens that are 14-18 years old. For example The
The Markstrat world has a population of 250 million people. Through Year 4, the Sonite market consisted of 1.67 million people with an expected growth rate of 53% over the next five years. In order to meet the needs of consumers in the larger growing segments, Company U has developed two products in the Sonite market: SUSI and SULI. SUSI is the lower quality offering, marketed towards Singles and Others who are the most price-sensitive. Others and Singles are projected to have the highest growth rates over the next five years, at 98% and 86% respectively. This is Company U’s target market for SUSI and sales are forecasted to almost double in each segment through Year 10 (Table 1 and Chart 1). SULI is the high quality electronic offering, distributed primarily to Professionals and High Earners who are driven by performance and convenience. Market Share for both Professionals and another market segment, Buffs, are expected to decline through Year 10. The Vodite market currently consists of approximately 200,000 people with an expected growth of 200% through Year 10. The Followers segment of the Vodite market is projected to have the largest growth over the next five years at over 3300%. Company U introduced a Vodite, VUGO, in Year 5 to initially target the Early Adopters segment in turn creating a strong foundation to penetrate the Followers segment through Year 10 with predicted long term sales growth of 17%.
stores and sells its products to different sporting goods and outdoor retailers. The market share of the
One night in 1981, Jeff Munks, a police office in San Jose, CA responded to an urgent call and arrived at a residence where a Vietnamese immigrant who spoke no English was screaming and waving his arms agitatedly. Next to him, his son was having trouble breathing. After Jeff guessed what had been happening and immediately called for an ambulance, he kept thinking about emergency situations where danger is exacerbated because of a language barrier. This resulted in Telephone Interpretation being offered since that year. This service connects trained interpreters via telephone to Limited English Proficient (LEP) Individuals. Cyracom International is one of those companies that provide critical
Having identified the target market of their products, Patagonia was also able to more effectively develop innovative new products. Knowing that their core users wanted high performing fabrics and that they were willing to pay for it, Patagonia was able to make the necessary investments to develop superior fabrics over longer development cycles than their competitors. The new innovations in fabrics and materials trickled down from the higher end lines like Alpine, allowing Patagonia to add value across all their lines and maintain a high price point.
* unity of purpose and focus under a common corporate strategy (further supporting the firm’s strategy as it relates to acquisitions and divestitures);
BYS targets the tween and early teenage female market, tweens make up large proportion of the market and are highly sought by the cosmetic industry due to their beliefs, which as suggested by Hair, McDaniel and Lamb (2014, 144) includes a growing need to remain a kid with the inclusion of having the fun of a teenager correspondingly tweens aim to look more mature at a younger age. BYS would target the ages between 12-15, these females would have a low income; from either pocket money or a low paying causal job, they would still be living at home with their parents and attend school and have active social lifestyle. The consumer would have a pursuit to be fashion and appearance savvy, from circumstances such as maturation or peer/ social pressures or alternatively they may hold a keen interest in beauty and cosmetics. BYS would form a basis on usage segmentation as it focuses on consumer actions rather than that of intentions, opinions and attitudes (Sarel and Marmorstein 1996, 39)
April 2003, marketing executives at Prince sports realized the importance of updating their website to increase more traffic, stay up to date with designs and ensure their users have a positive experience when visiting. Once these changes were made, through their website, princesports.com, they were able to communicate educational information including tennis tips, information about products and industry news. When first entering the site, a person can choose from tennis, prince squash, ektelon racquetball or viking athletics. Anyone interested in
Marketing. Because of the large number of suppliers selling similar products, apparel-retail firms must stimulate demand with attractive store layouts, colorful product offerings, and various sales promotions.
Companies in this industry also attempt to differentiate themselves by technical advancements in the apparel. Companies compete to find the technology that consumers believe will help their overall performance in sports and activities; whether it’s a sweat wicking shirt or lighter shoe, consumers seek the product they believe will give them the greatest advantage. Overall, the rivalry amongst competitors is a strong force that ultimately lowers the profitability of the industry.
This document is an summary introduction of XYZ Technologies Inc. this summary represents the different details about the company as a whole and it provides details about what the company does, how it works and the skills and products that it offers to its customers. This document also presents a legal strategy to assist XYZ Technologies Inc with its eCommerce business practice. The document includes XYZ’s business formation, business models. The document also discusses details about the practice of XYZ Technologies Inc’s Intellectual property and asset protection. The document also goes over the labor and employment agreement where we define the type of workers that work for the company and how the legal aspect of the Internet usage policy for the purpose of promoting employee diversification. The document also presents a section of transactional law. And finally the last section discusses the regulatory, compliance and liability issues within XYZ Company.