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Branding in Omni-Channel Environment: Fashion Industry of Bangladesh

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Branding in Omni-Channel Environment: Fashion Industry of Bangladesh

Omni channel marketing offers marketers and retailers a holistic approach to reaching consumers with a more integrated message, through any channel and at any point in their path to purchase.
Interaction with brands has become nonlinear and shaped by many interactions across several touch points. The interconnectivity between these touch points is called omni-channel.

Omni channel marketing offers marketers and retailers a holistic approach to reaching consumers with a more integrated message, through any channel and at any point in their path to purchase.
Interaction with brands has become nonlinear and shaped by many interactions across several touch points. The interconnectivity between these touch points is called omni-channel.

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Branding in Omni-Channel Environment: Fashion Industry of Bangladesh

  1. 1. BRANDING IN OMNI- CHANNEL ENVIRONMENT: FASHION INDUSTRY OF BANGLADESH
  2. 2. INTRODUCTION  Fashion industry has transcended beyond the boundaries of physical stores.  Fashion retail ecosystem has been enriched with e-tailing, mobile retailing, home shopping, catalogue retailing, etc.  The resources the consumers use to learn about, engage with, and build a connection to the brands they love and repeatedly buy are increasingly fragmented.  Interaction with brands has become nonlinear and shaped by many interactions across several touch points. The interconnectivity between these touch points is called omni-channel.
  3. 3. THE CHALLENGES BRANDS FACE TODAY  Omni channel marketing offers marketers and retailers a holistic approach to reaching consumers with a more integrated message, through any channel and at any point in their path to purchase.  Aims to advocate consumer engagement and promote interactive brand experience.  Key to releasing this potential is- 1.Providing sophisticated insights. 2.Content marketing. 3.Integrated data and analytics. 4.An integrated partner ecosystem.
  4. 4. RATIONALE In 2017 Population: 164 million. Internet Users: 67 million. (4.6% increase from 2016) Facebook user (Popular Social Media): 25 million. (19% increase from 2016) E-commerce Industry size: 300 crore (2016) Therefore, the scope of branding in such environment has increased immensely. A research on such branding practices would allow us to have a better understanding on the evolution of fashion industry and fashion products through the technological advancement worldwide.
  5. 5. OBJECTIVES  Broad objective  The broad objective of this report is to give a holistic perspective as how fashion brands in Bangladesh create the perfect synergy across different channels to ensure that their branding activities remain coherent and communicative in today’s Omni channel environment.  Specific Objectives Find out how fashion outlets brand themselves  In mass media. (TV, Newspaper, Magazine, Radio).  In social media (Facebook, YouTube, Blogs)  Through internet. (Webpage, e-commerce sites, mail, newsletter etc.)  Mobile platform. (Apps, SMS etc.)  Find out the branding practices of fashion outlets across various mediums in the global landscape.
  6. 6. CONTRIBUTION  To the literature of fashion industry. Specifically, literature of the fashion industry of Bangladesh will get a timely research paper on branding of fashion products in an Omni channel environment.  The fashion industry as a whole, will also be a beneficiary of this report as it will help the industry to take timely decisions in terms of branding efforts.
  7. 7. METHODOLOGY  An e xplo rato ry re se arch through the investigation of fashion retailers in all over world and then in Bangladesh.  Qualitative data was collected through KII and co nsum e r surve y.  The findings were analyzed in an abductive reasoning.
  8. 8. SCOPE  The main scope of the research is to give an overview of the existing branding practices in Omni channel environment by fashion retailers worldwide and in Bangladesh.  For Bangladesh, the study was confined within the city of Dhaka.  Few of the leading fashion houses in the country were covered.
  9. 9. LIMITATION  As the term ‘Omni channel’ is relatively new in Bangladesh, it was difficult to find industry expert who could share their full understanding of the issue.  Besides there is very limited literature available exclusively on omni channel branding in the context of Bangladesh, so the researchers had to rely mostly on KII for the qualitative part of the study.
  10. 10. WHAT IS OMNI-CHANNEL?  Omni-channel is a multichannel approach to sales that seeks to provide the customer with a seamless and consistent shopping experience whether the customer is shopping-  online from a desktop or mobile device.  by telephone (agents).  in a bricks and mortar store. Google defines it as “ensuring [retailer] marketing strategies are geared toward enabling customers to convert on any channel.”
  11. 11. EMERGENCE OF OMNI-CHANNEL BRANDING: WHY AND HOW IT IS PURSUED?  Today's consumers expect everything to be available at their fingertips here and now. It is clear that consumers are already approaching their experience from multiple angles. Because of that, to reach consumers in real-time the brands must make use of multiple channels simultaneously.  Channel choice has become an important topic for managers and economists due to its important role in the performance or profitability of brands. No technology Technology for design Technology to mergeTechnology as facilitator
  12. 12. PAST, PRESENT AND FUTURE
  13. 13. WHY ARE RETAILERS USING OMNI CHANNELS TO INTERACT WITH CUSTOMERS? customer Consumers buy what they want, When they want, Wherever they want store kiosk catalog Call center Web/E-mail mobile
  14. 14. EMERGENCE OF OMNI-CHANNEL BRANDING: WHY AND HOW IT IS PURSUED?  Customers use multiple channels to interact with the brand at the present time. These channels include in store, online, through various mobile devices, or social media. Because of that it has become increasingly important to connect all of the channels together.  By seeing a TV ad promoting deals, using mobile devices, visiting the favorite brand's website and looking up wide variety of products, scanning QR code, going to the physical store - people expect to have the same experience shopping in a store as they
  15. 15. EMERGENCE OF OMNI-CHANNEL BRANDING: WHY AND HOW IT IS PURSUED?  These brands which can provide an omni- channel experience to their shoppers, and give them effective customer service, are able to convert them into loyal customers. These omni-channel directed efforts also mean continuous technological innovation and desired business growth for the brands.  According to MIT’s recent report, Beyond the Checkout Cart,  “The o m ni-channe l co nsum e r is the ce ntral fo rce shaping the future o f e - co m m e rce and brick-and-m o rtar sto re s alike . ”
  16. 16. OMNI CHANNEL BRANDING: GLOBAL PRACTICES
  17. 17. BRANDING IN OMNI-CHANNEL ENVIRONMENT FOR FASHION PRODUCTS: GLOBAL PRACTICES  Fashion industry is one of the biggest industries worldwide.  One of the biggest challenges for the fashion brands is to deal with information overload available to consumers. Therefore, branding is very important.  The brand can be associated with various characteristics such as exclusivity, luxury, good quality and high fashion. Communicating these characteristics is the major concern for most of the fashion brands now.
  18. 18. BRANDING IN OMNI-CHANNEL ENVIRONMENT FOR FASHION PRODUCTS: GLOBAL PRACTICES From brand fanaticism to brand loyalty, fashion brands have the tendency to create a strong brand identity amongst the minds of the consumers.  Over the century, growth of the industry has been astonishing in terms of technology and revenue. The innovations had been rapid and growth exponential in terms of using omni-channel branding. Global Omni-channel Retail Index — by country or region (scale 1–100)
  19. 19. BRANDING IN OMNI-CHANNEL ENVIRONMENT FOR FASHION PRODUCTS: GLOBAL PRACTICES  Branding Action.  Differentiation through Omni-Channel Branding.  Customer Relationship.  Marketing Strategies Based on Customer Insights.  Fashion Influencers in Branding for the Fashion Houses.  Content Marketing Communication in Building Fashion Brands.  Channel Differentiation.
  20. 20. BRANDING IN OMNI-CHANNEL ENVIRONMENT FOR FASHION PRODUCTS: GLOBAL PRACTICES  Fashion industry has a strong affinity to branding using different channels, and most successful brand strategies like retailers Victoria’s Secret, Ralph Lauren, Nordstrom, Burberry, Zara, Mark & Spencer and Luxury designer brands like Louis Vuitton, Armani, Dior and YSL use omni- channel branding tools.
  21. 21. BRANDING IN OMNI-CHANNEL ENVIRONMENT FOR FASHION PRODUCTS: GLOBAL PRACTICES  The branding strategy of most fashion brands revolve around the concept of omni-channel communication tools to target customer group and building brand-consumer relationship from which is derived a brand personality and Identity of each brand.  Building engagement through online hub. The hub provides behind-the- scenes content of the televised show. Also engagement through social media and apps is done. (Victoria’s Secret)  RFID tags, 3D-printed runway look and using 4K video cameras. (Burberry and Ralph Lauren)
  22. 22. OMNI-CHANNEL PRACTICES IN FASHION INDUSTRY: BANGLADESH PERSPECTIVE  brand presence both online and offline  heavily dependent on multi-channel marketing  Traditional branding practices TVC or Radio Commercials print media
  23. 23. OMNI-CHANNEL PRACTICES IN FASHION INDUSTRY: BANGLADESH PERSPECTIVE  Digital marketing Facebook Promotions Special Post Boosting Multi-products/ carousel ads Shop now Ads Google Display Network Banner Ads Static Banner Ads
  24. 24. OMNI-CHANNEL PRACTICE BY THE LOCAL GIANT: AARONG.
  25. 25. OMNI-CHANNEL PRACTICES IN FASHION INDUSTRY: BANGLADESH PERSPECTIVE  Special Occasions: Time for Alternative Channels !
  26. 26. OMNI-CHANNEL PRACTICE BY INT’L PLAYER: NOIR CLOTHING BANGLADESH  Consumer Demographic Research before Omni-Channel Decision  customer relationship management  Omni-Channel Setting Based on Trends
  27. 27. OMNI-CHANNEL PRACTICE BY INT’L PLAYER: NOIR CLOTHING BANGLADESH
  28. 28. FINDINGS
  29. 29. FINDINGS
  30. 30. RECOMMENDATIONS
  31. 31. RECOMMENDATIONS
  32. 32. INTEGRATION – KEY TO OMNI- CHANNEL BRANDING Create a Seamless Experience Make it Easy Provide Support Know thy Customer • Ordering • Returns • Refunds • Call Center • Shopping Advice • Customer Service • Needs and preferences • One to One Marketing • Synchronized & consistent service regardless of channel Shopping Experience
  33. 33. RECOMMENDATIONS FOR CREATING MORE OMNI-CHANNEL BRANDING
  34. 34. SHOPPING IN THE FUTURE  Chatbot interface engages with the shopper in a conversation showing relevant and personalized recommendations  Virtual Reality  Employee empowerment  Face recognition
  35. 35. THANK YOU!!!

Notes de l'éditeur

  • The growing influence of an omni-channel environment can be seen through the lenses of a leading fashion brand like Victoria’s Secret. According to Joy (2012), online sales for the brand grew by 185% over the period of 2007 to 2012. Nowadays, 80% of the clothing brands maintain a website on the Internet compared to what they did in 2007. What is perhaps more eye-opening is that 63% shoppers who were approached claimed to have trusted real customer images on the net more than trusting brand photos published by the companies.

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