It was established by Tomas Burberry in 1856 as a luxury fashion house. Burberry is in the business of manufacturing clothing, fashion accessories and fragrances. Burberry has turned into an iconic brand by continuously reinventing itself as an exclusive luxury garments line. Burberry has four sub brands under the name- Burberry Brit, Burberry, London, Burberry Prorsum and Burberry Sport. It also has two regional brands namely Burberry Blue label and Burberry Black Label. Burberry is established as a high end, gentlemanly and classic fashion house. Performance The category of women’s wear accounts for 28.6% of the total revenue of the brand followed by the accessories. The introduction of digital marketing increased the sales of the company by 24% across the globe. 64% of the total revenue is generated from its Retail segment which includes more than 174 stores across the world. 29% of the revenue is generated from the wholesale channel and 7% revenue is generated from licensing. General Definition of Marketing Marketing is defined as the management process used to identify, anticipate and satisfy the requirements of the customers thereby generating revenues for the business (Brannon, 1998, p.14). Marketing involves all the aspects of pricing, selling, advertising and brand building. Marketing Burberry markets its product range to the target market through three channels: Retail, wholesale and licensing. Burberry sources and markets its apparel and accessories worldwide with huge markets in America, Spain and Asia pacific which brings around 90% of the revenue. The customers are the young millennial group of people who are loyal towards the British luxury brand. Marketing Environment The PEST Analysis of Burberry is done to analyze the macro environmental factors influencing the business. Political: Burberry should pay critical attention to the taxation policies and trade regulations when marketing their product lines outside Europe. The company sources its materials from Europe and thus is not affected by the Yuan-Dollar pegging. Economic: Burberry needs to closely monitor the inflation rates because changes in inflation rate directly impacts on the buying capacity. Social: To invest in the low penetrated markets, Burberry needs to explore the cultural factors in the potential markets (Doyle, 2006, p.15). The brand is established as highly British authentic brand suitable for the European culture. Technological: Burberry has to adopt the new innovative technologies dominating the market like social media marketing and electronic commerce. Burberry was the first luxury fashion house to launch a 3D fashion show. Environmental: Burberry has taken care of proper disposal of manufacturing waste in keeping with the environmental protection laws. The company also uses the recycling technology to benefit the environment. Legal: Burberry tries to be compliant with the legal laws though it faces a continuous problem of counterfeit products which infringes its trademarks. Techniques A SWOT analysis of the company is done to evaluate the internal and external factors affecting the business and its marketing strategies (Kotler, 2008, p.46). Strengths: The strengths of the brand include Strong celebrity endorsements to enhance the brand value. High desirability caused by high price points. A very strong brand reputation. The unique check pattern which is distinctly
Submit a marketing report on BURBERRY for a colleague who has just been promoted into the position of Marketing Manager within your organization, or an organization with which you are familiar. The note should advise your colleague on the most effective analytical, planning and management processes to be used to introduce a successful marketing plan into your organization and why…
Findings are based self-reports, annual reports and analysis of other authors. Based on shorthaul routes, the airline is being faced with competition on air and ground travel with trains taking a huge share in the UK traveling. Based on 2005-2006 figures, British Airways’ market shares reached 47%, however, recent figures indicate that this dropped to 39.7% but these figures still represent a significant share of the.
Indeed, the globalised world is highly competitive and challenging for enterprises because of rapid changes in external business environment. The more informed (through marketing research), flexible and adaptable a firm is, the greater the probability of its success and development.
In a real-time group environment, I was able to see the cultural and social differences between how people came up with solutions and how they choose to interact; their style and approach. It helped me to understand how better to recognize similarities rather than focusing on differences in order to develop a stronger sense of partnership within the group.
It is mostly famous for its trench coat which was designed by its founder Thomas Burberry. The company has branded franchises and stores around the world and it sells in third party stores through concessions. The company has its listing in London Stock Exchange and is a constituent of FTSE 100 Index.
On top of retailing as one of the ways of distribution, Burberry team is also involved in wholesaling, and channel licensing across the globe. Burberry group has selling outlets in most parts of the world. Products sold range from clothes to fashion accessories.
In analysing the various areas of the business, the company uses the SWOT analysis model. This is as agreed by the board members who perceived it as the best method to give an accurate and precise view of the business standing currently and how best to drive the business towards it target of 30 per cent market share in the world.
Therefore, based on this myth, marketers normally target this influential audience by devising colorful advertisements that air during prime time shows that are popular among the young generation. Sheth (2011) also shared in this common assumption as she stated that parents normally make their purchase decision based on the preference of their children as they will always try to appease them and therefore, it is a strategic approach to design adverts that are targeted towards the influential audience within the household,.
ts so that you can search for the right candidates, conducting a wide search, using a process of moving candidates through the process and measuring results. Notably is the fact that it is time consuming to recruit a marketer.
The success of an interview depends on the nature
The three added new elements were people, processes and physical evidence. For the perfect market mix to be created there should be a vast understanding of the target market and consumer needs. Decisions can the 4Ps or 7Ps in the
2 pages (500 words)Essay
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you an essay for FREE
Contact us via Live Chat, call us at +16312120006or send an email to firstname.lastname@example.org