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Example on you tube Tangled Restore Beautiful Lengths.mp4basics
Chapter 2 Example on you tube Tangled Restore Beautiful Lengths.mp4basics
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Target market Demographics-age,gender,income,ethnic, education, religion, occupation Psychographics-attitudes, interests, opinions Geographics-where people live—region of country, size of city, urban, suburban, rural, climate Behavioristics – based on their knowledge, attitudes, use, or response to products
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Examples of behavioristics
Marketers also look at the Purchase occasions – after 5 Casual Work Look at the product benefits- Stain resistant Wrinkle resistant Comfortable Usage level and commitment –how often they use a product
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Need segments to sell to Habits change Technology changes
Fashion market is too huge and diverse to use only one marketing approach Need segments to sell to Habits change Technology changes Economy affects Social aspects change The 4 P’s
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Fashion merchandising is:
Planning Buying Selling of fashion apparel and accessories Retailers buy large quantities at Wholesale prices and then…. Sell at retail prices
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Marketing mix 4 P’s Product – what a company is offering
Goods Services Place – the way products are distributed and the system of delivery raw material, make garment, location of store Price – amount of money a person will pay Depends on cost of producing, the markup, the demand Business must make a profit
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#4 of marketing mix Promotion
Any form of communication a business uses to Inform Persuade Remind people to buy
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Types of promotion Sales promotion (SEE EXAMPLE ON HANDOUT)
Contests Displays Coupons Used to increase customer traffic Public relations – promotes image and communications
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Promotion types (cont’d)
Publicity – unpaid mention of business, employees, or merchandise Example: sponsor charity events Advertising – paid message that a business sends to the public In magazines, newspapers, brochures, TV, outdoor signs, internet Personal selling – personal communication and contact
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HOW TO INCREASE BUSINESS
INCREASE NUMBER OF CUSTOMERS Can’t rely on the same customers INCREASE AVERAGE TRANSACTION Items at the register Associates can suggest other items INCREASE FREQUENCY OF REPURCHASE Send special mailings offering discounts and coupons Host fashion events
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CHANNELS OF DISTRIBUTION
The path of a product – can be the Place in the marketing mix (4 P’s) Direct channel – producer to customer Indirect channel – more intermediaries
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Soft goods chain Movement through channels of distribution
Textile segment – fiber, yarn, fabric productivity Apparel segment – product finished garments & accessories Retail segment – stores and outlets that sell Functions – see photocopy
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