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The Modern Apparel Company: Maintaining Control of Your Brand
Hosted by United States Fashion Industry Association (USFIA) & TRIMIT August 9, 2016 11 A.M. Eastern/8:00 A.M. Pacific
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Today’s Speakers Troels Rasmussen Head of Sales TRIMIT Jesper Bech
Head of Support TRIMIT
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Do you have a question? During the webinar, all attendees will be assigned to listen-only mode. Please use the Questions box on your dashboard to ask a question during the webinar.
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Early Bird Registration is Open!
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Questions? Please use the “Questions” box on your dashboard on the right side of your screen. You can also ask a question after the webinar. Phone:
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TRIMIT presents: The Modern Apparel Company
Challenges and Opportunities in today’s apparel industry
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PRESENTERS: Troels Rasmussen Jesper Bech
Head of Sales Head of Product Management TRIMIT TRIMIT
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EPISODE 1: BRAND CONTROL
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Agenda How omni-channel is changing brand ownership
Pillars in brand control - Story - Customer experience - Internal processes How it can be done
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Brand to Consumer - before
Apparel Brand, Inc. Apparel Retailer, Inc. Consumer
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Brand to Consumer - challenge
Apparel Brand, Inc. Apparel Retailer, Inc. Consumer DISCONNECT
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Brand to Consumer - today
Apparel Brand, Inc. Consumer
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Brand to Consumer - tomorrow
Apparel Brand, Inc. Consumer What is the most important thing we want to reach out with to our consumers? How do we want them to connect with our brand? How do we want them to feel about our brand? 45% of a brand’s image can be attributed to what it says and how it says it. -BOP Design 64% of people cite shared values as the main reason they have a relationship with a brand BOP Design
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WHY IT MATTERS
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BRAND CONTROL CREATES CUSTOMER LOYALTY
Brand control creates CONSISTENCY Brand control increases brand RECOGNITION Brand control breeds brand TRUST Consistency increases PREDICTABILITY BRAND CONTROL CREATES CUSTOMER LOYALTY Making loyalists out of 5% more customers would lead, on average, to an increased profit per customer of between 25% and 100%. - The loyalty effect The average repeat customer spent 67 percent more in months of his or her shopping relationship than in months zero-to-six. - Bain & Company
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A CONSISTENT BRAND STARTS WITH
A CONSISTENT STORY
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WHAT IS YOUR STORY? “People don’t buy what you do, they buy why you do it!” -Simon Sinek
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Own your communication
Story-telling The ‘emotional’ connection to your brand Apparel Brand, Inc. Channels: Social media (Facebook, Twitter, Instragram, Google+ etc) Classic advertising (printed or digital) Product Placement Customer loyalty program Contents: The story behind the brand/line/style – your identity CSR Manufacturing (Fun) Facts Etc...
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A CONSISTENT BRAND REQUIRES A CONSISTENT EXPERIENCE
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A consistent experience
Apparel Brand, Inc. Consumer What is the most important thing we want to reach out with to our consumers? How do we want them to connect with our brand? How do we want them to feel about our brand?
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Requirements in an omni-channel world
Customer centric approach - Who is our customer? Why does she/he buy from us? Transparency across all sales channels - Availability information - Customer information - Pricing information - Loyalty program (points etc) Great logistics operation Technology - Integrations between backend, frontend and partner systems - Information push out to external partners - Share when available ”Clean” backend processes to allow the above points to take place
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A CONSISTENT BRAND NEEDS CONSISTENCY INTERNALLY
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The reality - internally
Information is kept in island-structure No integration between information systems External partners are not part of the process Too much information gets lost Lack of consistency in story, messaging, way of working and customer experience People of the third floor might be totally disconnected from what happens on the 2nd or 6th floor due to lack of integration of information systems
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The reality - externally
Apparel Brand, Inc. Consumer
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HOW IT CAN BE DONE
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What if... Apparel Consumer Brand, Inc. Instant information sharing
Uniform ways of working internally Central repository for product informaton Clear guidelines to agents and retail outlets What is the most important thing we want to reach out with to our consumers? How do we want them to connect with our brand? How do we want them to feel about our brand? Access to information repository Active use of guidelines Superior attention to customers
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IN SUMMARY....
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What if you could? Sharpen your story – why should people buy your things? Deliver a consistent buying experience across platforms Anchor your story and messaging among everybody selling your products Create the foundation with consistent information internally Share that information with all your partners immediately Drive a great customer loyalty program
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THANK YOU
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