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CONSUMER BEHAVIOR
  FINAL PROJECT
     By Bethany Richard
P RO D U C T: P L U S - S I Z E L I N E
                BRAND: H&M
              (HENNES AND MAURITZ)

 Description: Affordable, stylish, sophisticated fashion in
extended sizes made easily accessible.

 Key Benefits:
           High-Street Fashion (runway trends adapted for the
streets)
           “Cheap Chic”
           Easy Access, in stores year-round
COMPANY PROFILE:
            H&M

 H&M lives by its business concept:
           “Fashion and quality at the best price.”

 “One of the first to challenge the retail clothing sector by
delivering fast fashion at low prices.”

 Offers different concepts for men, women, teenagers and
children, and includes everything from modern basics to high
fashion.
H&M:

Combines “cool, organized efficiency” with high
fashion vibes.

“They have combined good basics with hot-off-
the-catwalk designs which keep people talking- all at
low prices."
SECTOR OVERVIEW

"To be successful in the world of high-street
fashion, you need to be efficient. The key for the mass-
market, low-priced clothing labels is to have the season's
'must-have' in a store faster and cheaper than anyone
else.” –Innovation Leaders
H&M has mastered this concept.
MARKET:

Ladies Fashion:

        60% of women fall into the basic size category

        15 % are considered petite
        Meanwhile, you still have the 25% who are plus-
        size…
STRENGTHS

 Brand Awareness

 Brand Loyalty

 Size and Growth

 Affordable chic for a greater audience.
    • H&M caters to both men and women of every
      age, adding extended sizes only makes sense.
WEAKNESSES

 Zero E-commerce.

 Buys in large volumes, which cannot all be expected to sell
     • This means sale items are slashing the cost of
       already low-priced items.
 Wide range of customers
     • This means lack of a target audience to focus
       efforts on.
COMPETITORS

 Popular chains that also provide extended sizes for plus-size
ladies:

          Old Navy, Forever 21, Major Dept. Stores
 Ladies plus-size specific retailers
          Lane Bryant, Torrid, Avenue
 Online boutiques that offer similar style options for plus-size
women
THREATS AND CHALLENGES

 H&M isn’t known to cater to these women.

Fashion Stereotypes:
   • “Fat is not fashionable.”
   • “Promoting obesity.”
OPPORTUNITIES

 While stores like Forever 21 carry trendy pieces for plus-size
women, the styles can often be too “youthful” or even tacky.

 Lane Bryant offers more sophisticated options, but designs tend to
get “frumpy, dowdy, and bland.”

 These options are not resonating with all women.
OPPORTUNITIES

 H&M has the ability to meet them halfway with its plus-size line.

 Offering chic options at a place, not a website.
          • Online shopping may provide convenience for
            consumers, but…
 Women will have the ability to go to a physical store.
     • See the products in person
     • Try the only on to assure proper fit
OPPORTUNITIES

 Identifying need for plus-size fashion
 Marketing Advantage in a Saturated Industry

 Increase Brand Value and Awareness within a New Audience

 Respond to Current Industry Trends
MARKET SEGMENTATION

 Plus-Size Women

 Ages 18-40

 Thrifty, Stylish Middle Class

 Interested in fashion trends, conscious about appearance
BENEFITS SOUGHT

 Clothes that fit their body shape and make them feel beautiful

 Ability to shop at a popular store with convenience.

 Chic options

 Affordable style
VALUES

 Hedonic. Proper fit, desire for a specific fashionable look.

 Personal

 Economic

 Aesthetic
PERCEPTION/LEARNING

 H&M is a well-known and loved brand, but has alienated
women after a certain size.

 High Involvement
     • Consumers attach meaning to their clothes.
     • Role of fashion and appearance in society.
MOTIVE

 Purpose: to provide the female plus-size consumer with a
chic look available at all locations and at an affordable price.
HIERARCHY OF NEEDS:

 Self-Actualization: High-fashion look.

 Esteem: Sophisticated and stylish product line.

 Belongingness & Love: Able to shop at a popular store regardless

of size.

 Safety & Security: Feeling comfortable in clothing.

 Physiological Needs: The clothing itself.
H&M’S NEW SIZES:

 Interest: Self-Expression- provides & promotes self-esteem

 Image of Brand: Chic and trendy affordable pieces.
     •   Now catering to a curvier audience
     •   Sold at H&M stores throughout the U.S.
     •   Fashionable Clothing
     •   Varied Assortment
     •   Trendy Colors/Feminine Cuts

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Bethany richard

  • 1. CONSUMER BEHAVIOR FINAL PROJECT By Bethany Richard
  • 2. P RO D U C T: P L U S - S I Z E L I N E BRAND: H&M (HENNES AND MAURITZ)  Description: Affordable, stylish, sophisticated fashion in extended sizes made easily accessible.  Key Benefits: High-Street Fashion (runway trends adapted for the streets) “Cheap Chic” Easy Access, in stores year-round
  • 3. COMPANY PROFILE: H&M  H&M lives by its business concept: “Fashion and quality at the best price.”  “One of the first to challenge the retail clothing sector by delivering fast fashion at low prices.”  Offers different concepts for men, women, teenagers and children, and includes everything from modern basics to high fashion.
  • 4. H&M: Combines “cool, organized efficiency” with high fashion vibes. “They have combined good basics with hot-off- the-catwalk designs which keep people talking- all at low prices."
  • 5. SECTOR OVERVIEW "To be successful in the world of high-street fashion, you need to be efficient. The key for the mass- market, low-priced clothing labels is to have the season's 'must-have' in a store faster and cheaper than anyone else.” –Innovation Leaders H&M has mastered this concept.
  • 6. MARKET: Ladies Fashion: 60% of women fall into the basic size category 15 % are considered petite Meanwhile, you still have the 25% who are plus- size…
  • 7. STRENGTHS  Brand Awareness  Brand Loyalty  Size and Growth  Affordable chic for a greater audience. • H&M caters to both men and women of every age, adding extended sizes only makes sense.
  • 8. WEAKNESSES  Zero E-commerce.  Buys in large volumes, which cannot all be expected to sell • This means sale items are slashing the cost of already low-priced items.  Wide range of customers • This means lack of a target audience to focus efforts on.
  • 9. COMPETITORS  Popular chains that also provide extended sizes for plus-size ladies: Old Navy, Forever 21, Major Dept. Stores  Ladies plus-size specific retailers Lane Bryant, Torrid, Avenue  Online boutiques that offer similar style options for plus-size women
  • 10. THREATS AND CHALLENGES  H&M isn’t known to cater to these women. Fashion Stereotypes: • “Fat is not fashionable.” • “Promoting obesity.”
  • 11. OPPORTUNITIES  While stores like Forever 21 carry trendy pieces for plus-size women, the styles can often be too “youthful” or even tacky.  Lane Bryant offers more sophisticated options, but designs tend to get “frumpy, dowdy, and bland.”  These options are not resonating with all women.
  • 12. OPPORTUNITIES  H&M has the ability to meet them halfway with its plus-size line.  Offering chic options at a place, not a website. • Online shopping may provide convenience for consumers, but…  Women will have the ability to go to a physical store. • See the products in person • Try the only on to assure proper fit
  • 13. OPPORTUNITIES  Identifying need for plus-size fashion  Marketing Advantage in a Saturated Industry  Increase Brand Value and Awareness within a New Audience  Respond to Current Industry Trends
  • 14. MARKET SEGMENTATION  Plus-Size Women  Ages 18-40  Thrifty, Stylish Middle Class  Interested in fashion trends, conscious about appearance
  • 15. BENEFITS SOUGHT  Clothes that fit their body shape and make them feel beautiful  Ability to shop at a popular store with convenience.  Chic options  Affordable style
  • 16. VALUES  Hedonic. Proper fit, desire for a specific fashionable look.  Personal  Economic  Aesthetic
  • 17. PERCEPTION/LEARNING  H&M is a well-known and loved brand, but has alienated women after a certain size.  High Involvement • Consumers attach meaning to their clothes. • Role of fashion and appearance in society.
  • 18. MOTIVE  Purpose: to provide the female plus-size consumer with a chic look available at all locations and at an affordable price.
  • 19. HIERARCHY OF NEEDS:  Self-Actualization: High-fashion look.  Esteem: Sophisticated and stylish product line.  Belongingness & Love: Able to shop at a popular store regardless of size.  Safety & Security: Feeling comfortable in clothing.  Physiological Needs: The clothing itself.
  • 20. H&M’S NEW SIZES:  Interest: Self-Expression- provides & promotes self-esteem  Image of Brand: Chic and trendy affordable pieces. • Now catering to a curvier audience • Sold at H&M stores throughout the U.S. • Fashionable Clothing • Varied Assortment • Trendy Colors/Feminine Cuts