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INTRODUCTION

  The expectation of consumers towards the products is
     tremendously changing. So the product development and
     marketing has become sophisticated.
    Consumer is demanding unparalleled products which have
     increased customization and excel Developing incentives
     and special services for frequent shoppers.
  Anticipating needs by providing earlier shopping hours
     during the holidays and free tailoring and shopping for
     regular customers.
    Now the Consumers are more driven for fine customer
     service.
  Evaluate new business opportunities and investment
     decision.
  Consumer is smart savvy.



MARKETING MIX
PRODUCT
    More demand of varied merchandise assortment has
     increased tremendously.
    Customer is searching for something magical and different
     in the market.
   Purchasing branded product because brand is reflecting
        their personality and lifestyle.
     Consumer want versatility, longevity, new value equation
        and want multiple use of clothing.
       Apparel business is Ego Investment.


PRICE
       Today 84% of consumers are ready to pay more for the
        brand they like.
       Demand of versatile, easy & “season less” products.
       46%End up by spending more when assists by a helpful
        salesperson.


PLACE
   Apparel Retailer is of different format in accordance in a
    place is magical for customer “some thing over the rainbow”.
   Consumer new value equation is convenience.


PROMOTION
       Developing incentives and special services for loyal
        shoppers.
       Offering different solution to facilitate easy shopping
        experience.
   Providing shopping hours during the holidays, free
     tailoring and shipping for loyal customer.
    Proper Hang Tags on apparel.
    Integrated Internet and Web services.


LIMITATIONS IN APPAREL INDUSTRY
    Inability to find an Appling style.
    Right size of item is out of stock or unavailable.
  Problem related to fitting.
  No sales help is available.
    Can’t get in and out of the store quickly and easily.
  Prices are too high.
    Stressful in store experience
  Unavailability of good value products.
  Store is not merchandised conveniently.
    Seasonality of Assortments is off.


KEY FACTORS FOR SUCCESS
  Marinating a well on going dialogue with the consumers
     Want and needs and develop innovative solutions to address
     needs.
 Providing flexibility to the consumer by creating collection
    that mix and match with each others.
 Show consumers how to build versatile outfits by using
    innovative merchandising and creative displays.
 Give consumer right value, according to their price that
    means marinating price value equation.
   Minimize the time of purchasing.
   Providing consumer multiple uses of products.
   Developing incentives and special services for frequent
    shoppers.
   Anticipating needs by providing earlier shopping hours
    during the holidays and free tailoring and shopping for
    regular customers.
   Offer assortments that customized target customer.
   Assist customer with helpful sales person.
 Use the point of purchase media for sales maximization
   Explain the product features to the customers.
   Giving the right kind of store format to the consumer for
    convenience shopping.
 Display the best seasonal merchandise to the consumers.
   Focusing on convenience and offering solution to facilitate
    easy shopping experience.
   Giving 24hours service, according to need of consumer.
   Developing an integrated multilevel strategy.
  Synchronize the channels for better positioning of
     products.
    Customization of services and product with the help of
     technology.
  Applying heart, brain and courage theory.(developing
     emotional bonds with the customers, meet the consumer
     demand, and taking risk)
    Adopting good kind of supply chain management.
    Right kind of capital and human resource used in
     organization.
    Use point of sale data mining to forecast demand and plan
     inventory.
    Right kind of collaborations and partnerships for higher
     returns, lower cost, higher growth rate.
    Resource managed within the organization.



FUTURE PROSPECTS
  Collaboration is critical to future success.
  Building consumer Loyalty and Competitive advantage.
    Finding Heart, Brain, Courage.
 Over next 5-10yr those who achieve Emerald City Status
     will see :
     97%physical stock, 100%virtual stock.
     30%of all industry system data.
    RESULT-consumer say: I GOT WHAT I WANTED
    BODY SCANNING TECHNOLOGY-consumer would be
     equally enthusiastic, would suggest brand /style.
  SELF CHEKOUT-would make shopping faster and easier.
    AUTOMATIC PRODUCT REPLANISHMENT-automatic
     delivery of a “needed” product directly to the consumer’s
     home.




CONCLUSION


  Different consumer wants are different while shopping
     apparel. It differs as according to men and women. On
     other hand retailers have a challenge to fulfill the demand
     of consumers. The consumer believes in the future
     prospective that the retailers will develop and provide them
     a new experience while shopping in future.
ASSIGNMEN
     T
    ON
 Apparel
 Industry

   Presented by:
                   Omendra Arya
Omendra arya

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Omendra arya

  • 1. INTRODUCTION  The expectation of consumers towards the products is tremendously changing. So the product development and marketing has become sophisticated.  Consumer is demanding unparalleled products which have increased customization and excel Developing incentives and special services for frequent shoppers.  Anticipating needs by providing earlier shopping hours during the holidays and free tailoring and shopping for regular customers.  Now the Consumers are more driven for fine customer service.  Evaluate new business opportunities and investment decision.  Consumer is smart savvy. MARKETING MIX PRODUCT  More demand of varied merchandise assortment has increased tremendously.  Customer is searching for something magical and different in the market.
  • 2. Purchasing branded product because brand is reflecting their personality and lifestyle.  Consumer want versatility, longevity, new value equation and want multiple use of clothing.  Apparel business is Ego Investment. PRICE  Today 84% of consumers are ready to pay more for the brand they like.  Demand of versatile, easy & “season less” products.  46%End up by spending more when assists by a helpful salesperson. PLACE  Apparel Retailer is of different format in accordance in a place is magical for customer “some thing over the rainbow”.  Consumer new value equation is convenience. PROMOTION  Developing incentives and special services for loyal shoppers.  Offering different solution to facilitate easy shopping experience.
  • 3. Providing shopping hours during the holidays, free tailoring and shipping for loyal customer.  Proper Hang Tags on apparel.  Integrated Internet and Web services. LIMITATIONS IN APPAREL INDUSTRY  Inability to find an Appling style.  Right size of item is out of stock or unavailable.  Problem related to fitting.  No sales help is available.  Can’t get in and out of the store quickly and easily.  Prices are too high.  Stressful in store experience  Unavailability of good value products.  Store is not merchandised conveniently.  Seasonality of Assortments is off. KEY FACTORS FOR SUCCESS  Marinating a well on going dialogue with the consumers Want and needs and develop innovative solutions to address needs.
  • 4.  Providing flexibility to the consumer by creating collection that mix and match with each others.  Show consumers how to build versatile outfits by using innovative merchandising and creative displays.  Give consumer right value, according to their price that means marinating price value equation.  Minimize the time of purchasing.  Providing consumer multiple uses of products.  Developing incentives and special services for frequent shoppers.  Anticipating needs by providing earlier shopping hours during the holidays and free tailoring and shopping for regular customers.  Offer assortments that customized target customer.  Assist customer with helpful sales person.  Use the point of purchase media for sales maximization  Explain the product features to the customers.  Giving the right kind of store format to the consumer for convenience shopping.  Display the best seasonal merchandise to the consumers.  Focusing on convenience and offering solution to facilitate easy shopping experience.  Giving 24hours service, according to need of consumer.
  • 5. Developing an integrated multilevel strategy.  Synchronize the channels for better positioning of products.  Customization of services and product with the help of technology.  Applying heart, brain and courage theory.(developing emotional bonds with the customers, meet the consumer demand, and taking risk)  Adopting good kind of supply chain management.  Right kind of capital and human resource used in organization.  Use point of sale data mining to forecast demand and plan inventory.  Right kind of collaborations and partnerships for higher returns, lower cost, higher growth rate.  Resource managed within the organization. FUTURE PROSPECTS  Collaboration is critical to future success.  Building consumer Loyalty and Competitive advantage.  Finding Heart, Brain, Courage.
  • 6.  Over next 5-10yr those who achieve Emerald City Status will see : 97%physical stock, 100%virtual stock. 30%of all industry system data.  RESULT-consumer say: I GOT WHAT I WANTED  BODY SCANNING TECHNOLOGY-consumer would be equally enthusiastic, would suggest brand /style.  SELF CHEKOUT-would make shopping faster and easier.  AUTOMATIC PRODUCT REPLANISHMENT-automatic delivery of a “needed” product directly to the consumer’s home. CONCLUSION  Different consumer wants are different while shopping apparel. It differs as according to men and women. On other hand retailers have a challenge to fulfill the demand of consumers. The consumer believes in the future prospective that the retailers will develop and provide them a new experience while shopping in future.
  • 7. ASSIGNMEN T ON Apparel Industry Presented by: Omendra Arya