Download presentation
Presentation is loading. Please wait.
Published byAshlyn Potter Modified over 6 years ago
1
Part II. Customer, Conditions, & Competitor Analysis
Marketing Plan Part II. Customer, Conditions, & Competitor Analysis Replay Children’s Wear Julianna Thoennes 952 NW Circle Corvallis, OR Main:
2
Image Replay aims to be seen as a boutique retail store for the frugal and green conscience family consumer
3
Target Market Pregnant women Frugal shoppers Corvallis residents
Families, specifically moms, with young children Pregnant women Frugal shoppers Corvallis residents 11/28/2018
4
Why Replay? High Quality Products Name Brands Economic Benefit
Recycling Family Centered
5
Product Breakdown * Main focus is children’s clothes which account for
70% of inventory and sales * 20% of inventory is maternity clothes, but these are harder to sell - women are pickier - no suitable dressing room * Kid’s furniture, toys, and books is remaining 10%, but space is an issue
6
Informational Sources
Magazines Mailings School Circles PTAs Parenting Classes Pregnancy Classes Flyers Internet Billboards
7
Demographic Conditions
Corvallis: * Average family size: 2.91 members * 5% of the pop under 5 years of age * 27% of households have children under 18 * 4.6% are single moms w/ children under 18 * 41.2% of households earned $50,000/yr or less * 27.3% earned $35,000yr or less * It is estimated that 11% of households in Corvallis fit in Replay’s target market
8
Economic Conditions * Recession provides opportunity for secondhand store * Families are looking to enact cost saving measures, especially on kids’ clothes which can be seen as short-term purchases * Families can also make money consigning clothes, which encourages repeat visits
9
Social Conditions * Social stigma of “secondhand”
Especially detrimental for children’s clothing since it’s so often given as gifts * Inventory must stay current and be “in season” or it may be considered obsolete
10
Regulatory Conditions
* Clothes and toys must comply with Federal and State regulations * Replay is connected with website that gives updates on recalled products * is comprehensive site for product safety
11
Technological Conditions
* As technology improves, so does the opportunity for marketing and networking - e.g. social networking is becoming a popular way for families to share pictures of kids * Computerizes inventory system makes tracking consignments easier (but only once products are in the system)
12
Supplier vs. Buyer Power
* As a buyer, Replay holds most of the power - decide which products to accept - sets prices * As suppliers, consignees have limited donations and compete with other donators
13
Competitors * Goodwill, other secondhand stores
* Target, Fred Meyer, and department retail stores * Online venues such as Craigslist * Mother Goose and Jack & Jill’s – both in Albany
14
Competitors * However, Replay doesn’t see any of these places as true competition: - Goodwill is too unorganized and lesser quality - Retail stores offer new clothes which are not direct substitutes - Replay doesn’t have enough online presence to be competitive Albany stores, like Replay, are too small to worry about being rivals. Instead they help each other out: e.g. Mother Goose and Replay coordinate on trying to solve inventory intake problems
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.