We announce the theme of our shirt only a week before the game, thus giving us the advantage over our competitors. By doing so, our competitors are in a rush to produce merchandise to compete with us. Along with these main competitors, we have observed other retailers and wholesalers such as Walmart and Target, have started to sell Massillon apparel to consumers. We have come to the conclusion that the quality of their merchandise is underwhelming in comparison to our products. Along with quality, the prices of their merchandise is a little bit cheaper than ours. However, we believe the higher quality of our merchandise along with our unparalleled customer service, will compensate for the extra cost per product.
Assess trading area Our Tiger
Athletics Supreme’s sportswear prices are affordable when compared to higher priced competitors like Walmart Stores and Dick’s Sporting Goods with a pricing strategy designed and employed to offer competition to its rival companies. The company does not compromise on its quality craftsmanhip while still offering low prices because it is confident of its loyal consumers. The company’s pricing methodology is flexible and depends generally on the economic trends that might influence buyer behavior in targeted segments focusing on total customer satisfaction as a way of encouraging brand loyalty in a highly competitive
For the company to ensures success in its operations there is need to cultivate customer loyalty and facilitate efficient supplies, differentiator linkage between operations and buyers must be put in place. This will be facilitated through some ways. To cater for customer needs the company will have to ensure it adopts a competitive pricing strategy against the existing competitors and new entrants in the market. The company has a lean pricing policy and to take advantage of its off- price apparel strategy. The customer’s loyalty has to be sustained through the low prices they enjoy
Next, following the framework, the company must evaluate whether the product will be successful. Researching the company’s competition as well as the average market share could give insight to whether certain styles of high-end children’s clothing would be successful in the current market. Also, researching potential threats to business will be useful in designing a product that, both, fills the needs of the customers and offers features that can be protected by either a patent or trade
If a company decides to help differentiate its branded footwear by offering buyers 500 models/styles to choose from, then company managers should evaluate the merits of trying to reduce the $14 million annual costs for production run setup costs associated with producing 500 models/styles at each plant by
My solution is to lower the price of the clothing to match the quality. This would create a fair price that would compete with other athletic clothing stores. On the
The women's apparel market is highly competitive. With the launch of a new active-wear line from Harrington Collection's, more and more competitors will start to realise the potential value in in producing an active-wear line of their own. The active-wear market is growing so rapidly (expected to double turnover from 2007 to 2009), that eventually all of Harrington's competitors would likely be expected to launch a line of their own, relying on existing brand loyalty and high-scale advertising campaigns to capture market share and move units.
There are more outgoing costs in the production process for the Nike hoodies than the ‘Tesco Value Bread’ as the clothing’s going to more places, and costs a considerable amount more to make than the bread.
Companies like Under Armour, Nike and Adidas/Reebok have high threats of substitute´s products. These companies share the sport apparel industry and are vulnerable to competitive pressure from the actions of buyers whenever they view that their products can be substituted for others. The availability of substitutes invites the costumer to compare performance, features, and ease of use as well as price. Under Armour’s major competitors are Nike and Adidas/Reebok because they have a similar or competing product offerings. The top sport apparel brands offer similar products and that is why each one of them needs to keep a high standard and produce good quality products in order for customers to keep buying their product.
LBS Textiles is a firm that designs fabrics for wholesale markets in North-East America. The company has experienced a modest growth over the last three years.
Game Day Merchandising is a sports and event merchandising company that delivers sports and retail solution for its clients (Gameday Merchandising). Game day Merchandising has a unique mission statement “The goal of Gameday Merchandising in all of our partnerships is to maximize profitability and sales by providing exceptional customer service and quality consumer products at fair market prices”(Gameday Merchandising). This mission statement is unique because they are trying to be the best at what they do without actually saying they are the best like a lot of other companies. On top of their mission statement Gameday Merchandising has a vision “To be recognized as a world leader in retail facility management and event merchandising committed
American Apparel, is an American multi-national clothing manufacturer, distributor and retailer since 1988based in Los Angeles, California. Dov Charney, a Canadian business man was a founder and former CEO of the company. He was involved in nearly every part of the business process from design and manufacturing to marketing. The Ernst & Young named Charney Entrepreneur of the Year in 2004. He was also termed "Man of the Year" by various fashion
In addition, the price of this new product will remain on the higher priced side because of results from a survey that concluded no difference in price options. Consumers that are interested in this type of product will be willing to pay a higher price point for it. However, Classic needs to keep in mind that with a higher pricing strategy, the ability to purchase a second shirt is reduced. With the high price of these shirts, Classic ultimately can provide a higher margin for the trade at about 45% keeping them in the same boat as Classic in wanting to promote the product to get the best return. Classic has the advantage of low production costs due to the state of the art offshore production hub in the Dominican Republic. Classic also has an advantage of economies of scale from high volume, low SKU
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.
Case in point, in the event that you decide to purchase one extravagant brand in vogue shirt instead of two less expensive T-shirts from an in-store brand, you must surrender owning a second shirt less chic in return for the more stylish brand shirt. People use distinctive criteria to settle on choices and albeit all reparation things and experience costs, the expense will not be the same, as the quality they assign to specific products or administrations vary.
This work is an introduction to the fashion industry of Pakistan which has made quite a lot of progress in just a few years. Ten to fifteen years from now, this industry was still unknown to actually exist to the masses. Later with the formation of fashion councils and education centers under the enthusiastic few who wanted to make a difference and promulgate this very institution of fashion, did the very fashion industry took its concrete contour from the old tailor culture that formerly existed. Today it is one of the most progressing industries in the country.