Classy's strategy - Case Study Example

Only on StudentShare

Extract of sample
Classy's strategy

It is important to better understand the process by consumers make decisions if Classy are to influence decision making. Employing a low price strategy can be highly profitable if it pushes more people to buy.
Secondly, it is notable that Classy opened more stores and located them in prime retail areas. However, it cannot be gainsaid that the purpose of any business is to bring in customers, and this can only be accomplished through marketing/advertising. From the look of things, classy are operating in a very competitive market, and getting out information concerning the high quality and availability of tuxedos in their outlets will go a long way in increasing sales. Another issue is the distinctive image as that of a formal wear store while the typical tuxedo consumer will most likely to go to a men’s wear store. Image is important and classy can create a different perception to customers by visual merchandising among other ...Show more

Summary

retail prices account for 10% of the business`s sale. First there seems to be a problem with the pricing of its wear in the retail outlets. Retail pricing should be intertwined with behavior rules of consumers so as to…
Author : cordiestreich
Classy's strategy essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"Classy's strategy"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate Strategy
The strategic business plan depends on its resource base as well as its capabilities. A strategic business plan is an integration of various elements that propel a business towards overall goal achievement. The strategic business plan depends on the effective practice of sustainability theories as well as those of competitive advantage.
17 pages (4250 words) Case Study
Ebay Strategy
The eBay Marketplace Mission is to create the world's online marketplace. The Pay Pal Mission is to create the new global standard for online payments. According to definition of TOWS OR SWOT ( Gerry Johnson& Kevan Scholes ,2002) , it is said that SWOT or TOWS stands for Strengths, Weaknesses, Opportunities, and Threats.
3 pages (750 words) Case Study
Organizational strategy
The Coca Cola Company has been one of the organizations that have managed to have sustainable business, even in uncertain climate that threatens the stability of the company. It has been affected by the economic recession that is experienced world wide just like any other company.
9 pages (2250 words) Case Study
Organisational Strategy
In particular it details the organisational strategy Dell Computers Inc put in place to ensure that it would be - and remain - the foremost provider of PCs in the industry. Manufacturer held considerable inventory offering limited configurations. Value was created by differentiating along the value chain.
10 pages (2500 words) Case Study
Manufacturing Strategy
The first strategy is establishing strong links with the market. The EME industry has maintained a strong feedback loop with the processing, engineering, research, design and production functions. It has nurtured market sensitivity so as
2 pages (500 words) Case Study
Manufacturing Strategy
Therefore, what the company manufactures must be linked to the buying needs of the customers. The company managed to predict the response of the market to different colors and styles and created more recreational facilities, jobs and housing structures for its workers. Sport
2 pages (500 words) Case Study
Strategy Book
It is well-located on the major coastal highway, 101, halfway between two popular coastal cities: Newport and Coos Bay. Florence offers lots of natural beauty, with the Siuslaw River, Pacific Ocean, lovely forests, amazing sand dunes, and a Stellar sea lion
3 pages (750 words) Case Study
Strategy
The vision is also organized in a manner that it provides definition for long-term outcomes for various projects as well as the frameworks with which this vision shall be achieved. This is the most
3 pages (750 words) Case Study
Cooperative Strategy
The process of sharing information, therefore, needs to be on both sides of the parties in the collaboration and not on one party alone. For instance, if the company has too delicate information, the management may avoid sharing this information as it may
1 pages (250 words) Case Study
Strategy analysis
With the differentiation strategy, the company offers unique products or services that offer unique attributes to consumers. The focus strategy, on the other hand, concentrates on one or two segments of the markets using differentiation or cost focus. In line with
1 pages (250 words) Case Study
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT