StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Footlocker-mkt304 - Research Paper Example

Cite this document
Summary
Topic:  Footlocker-mkt304 1)Description of the product Footlocker is a well known American retail company, which deals in sports apparels for men and women. As per (NBA,2007)“Footlocker enjoys extensive recognition in its market most especially from its core customers that are between 12-20 years old…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Footlocker-mkt304
Read Text Preview

Extract of sample "Footlocker-mkt304"

Download file to see previous pages

In fact, for many of them it is seen as an opportunity to become popular and more attractive” (McGinty,2009). The major attraction of Footlocker is their shoes which are from renowned companies like Reebok, Addidas, Nike and Jordan. They also sell clothing of these brands which are a big hype among teenagers and also they demand it due to the goodwill these brands have on a global basis. 2) Product’s features The sports apparels sold by footlocker are of Nike, Adidas and Jordan who are pioneers of sports wear and equipments.

The features of these sport wear and equipments are that they are unique and distinct from other sports brands. The shoes are light weighted and has sleek look and has an excellent appeal when worn. The top seller of the company is the Nike Zoom Kobe VI for men. According to (Footlocker, 2011),“The Nike Zoom Kobe VI is the latest evolution of basketball footwear. Moldable upper with new Fly wire construction creates a dynamic, lightweight fit with an Achilles notch for greater comfort”. Since the teenagers are excited by the look of the products, the company offers them what they really desire for.

Teenager and adults look for the branded products which match the celebrity fashion and these products are used by fashion icons. The shoes and accessories sold by them come in vibrant colors and style which catch attention of any teenager. Clothing, shoes and accessories have versatility, long lasting quality and signature brand mark on them. 3) Product’s benefits The products provided by Footlocker are shoes and clothing and other sport accessories which gives utmost comfort and security to its customer.

Sneakers and clothing sold by this retailer is from Nike and Adidas, who are the pioneer in sports apparels. “Both Nike and Adidas are well known sportswear firms that have become household names of sorts throughout many parts of the world. The undisputed giants of the sportswear and sports equipment industries, consumers can generally expect quality products from the two brands” (reComparison 2010). The young generation is the targeted customers of footlockers and theses group demand branded products which have name and fame and have high durability.

The young children and teenagers are impulsive buyers and the company targets them as they make decision in a short span of time. The brands sold by the company have a huge advertising campaign and creates a significant impact on young generations mind as to their fame and quality. “The teenagers spend most of the money on themselves immediately. Teenagers have also found to be more brand loyal that adults”(Michman,2003,pg.144). So footlocker as a retailer, take advantage of this fact and focus them to market their branded sport products. 4) Product’s branding Foot locker offers shoes and clothing of Nike, Adidas and Jordan not only has goodwill but also give comfort, durability and lasting effect which other products cannot offer.

The company’s target customers who are teenagers and adults in early 20’s look for products which are renowned and also match their style quotient. For example Adidas is well known for their style factor apart from durability and good will. In his book (Dunne,2007,pg.57)states that, “The foot locker has found success by concentrating on a very narrow segment of shoe market but offering a very large selection”. They have good selection of sports shoes, clothing and sports accessories

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Footlocker-mkt304 Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1411522-footlocker
(Footlocker-mkt304 Research Paper Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/family-consumer-science/1411522-footlocker.
“Footlocker-mkt304 Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/family-consumer-science/1411522-footlocker.
  • Cited: 0 times

CHECK THESE SAMPLES OF Footlocker-mkt304

MKT302 Mod 5 Case: The Marketing Mix: Price

MKT302 Mod 5 Case: The Marketing Mix: Price Introduction Pricing is often argued as highly important in determining the purchase decisions of customers, especially for the group of customer who tend to be much inclined towards price rather than quality as in the case of luxury products.... hellip; Apparently, the mechanism through which the price of various products are determined depend on multiple factors including the type of product, the targeted customers, availability of substitutes and other attributes influencing the supply side of the product marketing process which makes price determination, a complex phenomenon (Drury, 2005)....
3 Pages (750 words) Coursework

MKT301 Mod 2 SLP: The Marketing Mix: Distribution Channels (Place)

Trident University International MKT301 Spring 2013 Module 2 SLP –THE MARKETING MIX: PRODUCTS AND BRANDS By Terry Austin Dr.... Thomas Klein 13 May 2013 1.... Competitive strategies Sequrex Security Services In order for the company to outdo its competitors, the following strategies were used Marketing Strategy 1....
3 Pages (750 words) Coursework

Power Listening Review

Name: Instructor: Course: Date: Book review- ‘Power Listening' In his book ‘Power Listening', Bernard Ferrari argues that poor listening often causes most of the bad decisions that afflict organizations.... According to Ferrari, active listening accounts for the difference between profit and loss making within organizations (Ferrari 8)....
6 Pages (1500 words) Book Report/Review

Mkt386 group presentation

Name Instructor Course Date Executive summary Plastic surgery refers to a medical forte that is concerned with the restitution or rectification of functions and forms.... Though artistic or aesthetic surgery is known as plastic surgery, not all plastic surgeries are superficial.... hellip; The commonly known plastic surgeries are usually conducted in the form of hand surgery, microsurgery, reconstructive surgery, and burn treatments....
3 Pages (750 words) Essay

Effective Promotion Strategies

Select TWO product/target market combinations from the table of product categories and associated target markets above and using the teaching materials and any additional research: Explain what you think would be an appropriate promotions strategy for both of them.... In doing so… Promotion strategies refer to well planned, formulated and strategized phenomenon that enables the brand offered to become a household name....
5 Pages (1250 words) Essay

MKT501 Strategic Marketing - Mod 4 SLP

The practice of marketing in the real world does not only involve the creation of a product or service that satisfies certain wants or desires, but also takes into account other activities like branding, advertising, packaging and ultimately selling or distribution that gets the… Selling and promotion are important parts of the marketing strategy because they create product or service awareness that stimulates customer desires or wants....
2 Pages (500 words) Essay

MKT501 MoD 5 TD Assignment

This is a modus operandi that basically entails attract a wide clientele base for online marketers.... It is an effective method for marketing for not… However, this method may be quite costly to companies especially when the services or products offered for free by online marketers involve the use of certain costs....
1 Pages (250 words) Admission/Application Essay

Social Media, Search Engine, and Mobile Marketing

The recent advancements in technology, such as, the emergence of the internet, computers and mobile phones has made business transactions much easier.... Before the advent of the internet, companies could only create branding and secure a market share via traditional personal sales… Both the textbook and the online marketing videos assert that online marketing utilizes the Internet to deliver promotional marketing messages to the consumers, such as social media marketing, web banner ads, search engine marketing, and mobile Marketing s Question The recent advancements in technology, such as, the emergence of the internet, computers and mobile phones has made business transactions much easier....
2 Pages (500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us