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