You could say American Eagle is a fairly new company whose doing extremely well given the fact that it's a "shopping mall brand". Thanks to some changes in management, the company its no longer relying on their typical teen-retail tropes to send its message. Getting rid of the idea that marketing their products to a new generation of customers who no longer buy into the "preppy logo t-shirt" and seeing social media, not malls, as the center of their social life. In my opinion, I believe they've finally found and have a clear grasp of who their target market is. They are finally viewing and promoting their company as a company who offers high-quality, on a trend clothing, accessories, and personal care products at affordable prices under. A
After careful review of the American Eagle Outfitters, Inc. 2014 Annual Report, it was noted that the company have four areas that they are focusing on. The first being to make more money by adding more “compelling product assortments” by providing an unique costumer experience both online and in stores. The second being to expand their Omni-Channel capabilities. The report defines Omni- Channels as stores including displays and kiosks, web, mobile devices, social networks and email. The third is growing their digital business. The final area is improving profitability.
American Eagle is changing its business model and improving its clothing. “In 2014, American Eagle was revitalized by an executive CEO.” American Eagle improved the quality of their jeans, including a new style of stretch fabric in women’s jeans, keeping leaner inventory. This retailer put an end to its comparable sales slide and improved its profit margins. American Eagle also took a new approach to inventory management. This retailer has spent two years decreasing inventory that are more with its sales. American Eagle realizes the key to reducing its amount of markdowns as it leans towards decreasing clearance (Wahba).
The target demographic for Southwest is very broad. The fact the airline has a brand that appeals to price-conscious travelers who do not mind the airline’s no-frills philosophy means it attracts lots of small business owners, young adults, middle-class families, and those who are traveling a short distance. Southwest operates a simplified airline to keep costs down. It only operates one type of aircraft, and its no-frills plan includes no assigned seats or class seating, no meals, and no onboard movies. The company has a strong emphasis on customer service and a differentiation strategy to keep customers happy and loyal. When hiring for customer service positions within the organization, Southwest focuses on attitudes rather than skills and encourages peer hiring. This strategy helps the company identify those who fit the organizational culture and who are most likely to further the company’s philosophy of
American Eagle Outfitters sells accessories, personal care products, graphic T’s, outerwear, footwear, swimwear, and the company started a new line of children apparel a few years ago (Hill, 2011). The Saturday nearest January 31st is the date that American Eagle Outfitters Store reports their most recent reporting for the end of the year. The balance sheets, income statements, and cash flow statements were presented completely in 3years.
American Eagle should continue to appeal to their targeted market of 16 to 32 year olds. AE needs to remind their customers that their brand is comfortable, bold and fresh, and is unlike any of the competition. Store atmosphere is also very important when trying to keep loyal customers. American Eagle should hire fun and energetic employees to represent their company. Advantage of appealing to the 16 to 34 year old range is not many retailers in the market appeal to that wide of an age gap because is difficult. Customers being reminded of AE's comfort and freshness will in turn keep sales flowing. Although this could help American Eagle stay one step ahead of its competitors, it could also be a burden on AE because they must know what is appealing to
The economy class is targeted at the leisure travel segment and the low cost business travel segment.
Being involved in the US retail drugstore industry, Rite Aid Pharmacy is the third largest drugstore chain, when comparing number of stores and revenue, in the United States. Operating around 4,623 stores in 31 states, with majority of their store placement located on the East and West Coasts, with their corporate headquarters located at 30 Hunter Lane, Camp Hill PA, 17011. Founded by Alex Grass in 1962, then incorporated in 1968, Rite Aid has been involved in a highly competitive market, where continuous improvement and evolution is needed to maintain a key position.
Abercrombie & Fitch ANALYSIS REPORT Fundamentals Of Retail Design Group 03 Erik, Herr | I-Chu, Liao | Karan, Shah Kuan-Ling, Tseng | Chen-Hua, Wang ABSTRACT This report intends to analyze the unique brand values, the distinct marketing strategies and the compelling competitive dynamics of Abercrombie & Fitch (A&F), the noted American retailer of casual luxury wear. The purpose of this analysis being to understand the context and motives that drive brand A&F; to draw insights from it‘s past and current strategies and use these to launch a, new sneaker offer‘ within it‘s existing product ensemble. For doing this, we‘ve researched the story of the brand; it‘s original and potential target market, it‘s financial
Boeing’s target market is different in that they are selling to companies rather than individuals. The target market is determined through a combination of geographic and demographic segmentation. The two target markets are commercial airline companies and the US government and its allies. These markets directly coincide with the company’s two business units: Commercial Airplanes and Defense, Space, & Security (Boeing, 2016).
The primary target market of TOMS is males and females between the age of 19-24 that want to combine the creativity of being a trend-setter with the satisfaction of being socially responsible. This age range is a part of what is known as Generation Y, or the Millennials. Generation Y has brought a trend of social awareness and activity. From 2002 to 2005 the number of people volunteering went up 25%. This generation is all about giving back to the people, so Toms allows this group to give back by purchasing their shoes. TOMS has also done its homework on this group as well. Utilizing social media, TOMS reaches out to over 488,000 twitter followers, 280,000 Facebook fans, and several thousands of YouTube users. TOMS understands that generation Y prefers hands on involvement. In order to make that happen, TOMS fans are allowed to take part in a yearly One Day Without Shoes movement to understand what it is like to be shoe-less. In addition to the giving back and the social movements, TOMS shoes let young adults be expressive in their style. The plain shoe design makes way for creative minds to manipulate the shoe as anyone may please. TOMS is mainly focused in the U.S., but the shoes are available in over 30 countries globally
Founded in 1977, American Eagle Outfitters (NYSE: AEO) is a retailer that designs and develops fashionable girls’ and boys’ apparel and accessories. The company’s target audience is boys and girls between the ages of 15 and 25 years old. The target audience seeks trendy and fashionable apparel product that meets a high standard of quality at an affordable price point. As of the most recent fiscal year, ended January 30, 2010, American Eagle held 1,103 retail stores in total, operating under the “American Eagle”, “Aerie”, and “Martin+Osa” brand names respectively. In addition to the retail stores,
Polaris needs to organize their firms differently to give assistance to business abroad, they also need to make their rules and regulation, the vision, and the goals of the company clear that it is more comprehensible to the employees so they can go by and do things by those goals, mission, and rules. Polaris also needs to make younger people their target market, instead of targeting older people, like the baby boomers. Targeting younger generation will allow them succeed more and grow as a business. If they keep pursuing the baby boomers as their target market the company will not grow. If they pursue younger generation, it will be of good use for the company in the Long run.
Despite Abercrombie & Fitch’s efforts to win back loyal consumers with their new rebranding initiative, the company continues to experience a decline in annual revenue and dismal growth coupled with a poor return on investment, making it a risky investment option for potential shareholders. According to the company’s annual report, Abercrombie & Fitch saw a decline in revenue from $4,116.90 billion in February 2014 to $3,744.03 billion in 2015 with fourth-quarter revenues falling nearly 14% to $1.12 billion (Abercrombie & Fitch 41). The company contributed its dismal report to a decrease in the number of operational stores at the end of Q4 fiscal 2014, weak consumer demand for both Hollister and Abercrombie & Fitch, slowing growth in
The company has shown excellent numbers ever since Reiss took over as CEO and is financially in a position to reinvest profits into developing new product lines. Indeed innovation has been the hallmark for the brand and the company has consistently developed products that are not only technologically at the cutting edge but also are up to date in terms of fashion as well.
In the apparel industry, the American Apparel’ faces stiff competition from the Gap, Urban Outfitters, American eagle, and Express.