Fashion Apparel Manufacturing Essay Example | Topics and Well Written Essays - 1000 words

Fashion Apparel Manufacturing - Essay ExampleMarketing StrategiesCoach always tries to offer something new to customers through cautiously designed marketing strategy. The company has revamped their product line over the time in order to fulfill demand of various customers. Coach has great achievement because of the strength of its stain. The company specializes in selling ladies handbags, luggage, wallets, briefcases and leather accessories. Brands offered by Coach have three distinctive brand equities. These three factors can be categorise as product innovation, excellent value offering and relevance. The company conducts market research about customer preference by conducting interview of 15,000 people both year and based on interview report they innovate products in accordance to customers lifestyle. Product line of the company maintains relevance with demand of the customers by changing fashion statement and trend in periodically. Coach offers value products by offering, i nspirational, stylish leather goods to customers. Coach offers leather goods to both men and women in the adjacent manner. Women Reason Men Reason Handbags, wristlets, shoes, outerwear, jewelry, fragrance, sunglass and many more To attract women with colorful product line Wallet, accessories, belts, shoes, outerwear, tech accessories and many others To fulfill multidimensional fashion exigency of men (Source Shop) Target Customers The company mainly targets women in the age range of twenty to fifty five. Coach has significantly introduced new products in their offering in order to fulfill demand of women belong to various age group. Analyzing mailing list of the company helps the study understand demographics of target market in the following manner (Paxson 64). Professional women and women with white collar job. These women prefer to shop trendy and fashionable shoes, wardrobe items, apparels in order to enhance their professional moving picture in front of external society. Wom en do not want to compromise with style, fashion statement in order show their taste to external society. They desire by purchasing branded products of coach will not only enhance their social image but beautify them also. Research report shows that second-rate age of women purchasing leather items from Coach is forty five with an average spending of $100 on each item. Promotions The company relies heavily on e-marketing in order to promote their product. The value proposition offered by the company has five distinctive pillars. Providing sufficient links in the website to attract customers and investors to access financial statements, deport information, report of new product launch etc. My Account feature is added in the website to engage customers with the company. The company updates their feature product line on website periodically in order to retain existing customers. The company conducts online market research on customer preference and based on the research report they solve marketing strategy. Coach has introduced Coach by Request section for customers in order to offer them superior customer service. Coach by Request gives the opportunity for customers to order home delivery of tailor made items. Licensing Coach has recently signed license agreement with Luxottica Group for designing, manufacturing and distributing sun and prescription eyewear under the brand name of Coach Poppy, Reed Krakoff