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Published byFlorence McKenzie Modified over 9 years ago
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The Online Jewelry Industry By: Emily Coyle Kevin Daily Jane Chien Isnezawati Azali Halit Akcaglayan Nadia-Shazrin Asari
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Major Players in Online Jewelry Zale Corporation – online and physical Miadora – online First Jewelry – online Denmans Corporation – online and physical Mondera - online
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First Jewelry’s Front Page
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Market Share In 1998, online jewelry spending was $207 million In 2000, online jewelry sales are expected to be $370 million Global jewelry sales are estimated at $200 billion a year The retail jewelry market is highly fragmented
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Who are the customers? Majority of customers are women Couples (engagements, anniversaries, holidays) Middle-income customers Parents –FJ
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How do firms attract customers? Brand name – (i.e. Zales) Alliances with other online sites (AOL, Yahoo! Shopping, GiftCertificates.com) Price (Appraised Value Guarantee, price matching) Incentives (Contests, Free Shipping, Bridal Expos, 30-day guarantee)
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Value Added Wish Lists - Mondera, FJ, Zales Newsletters (product info, special promotions) “Hint, Hint” – Let a special someone know your innermost desires (about jewelry!) - Miadora, Zales Store locator system - Zales
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Miadora’s Email Service
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Value Added Advertisement lookup (TV, Catalog, Flyers) - Zales Gift Search Certified Gems - Zales Order tracking - Mondera
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Value Added Search for jewelry based on material (i.e. Gold, gem), price range, and jewelry type (i.e. Ring, bracelet) Chat Boards - Mondera Customer Testimonials Outlets (Jewelry at clearance prices) – Denmans
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Zales Jewelry Selection
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Denman’s Outlet
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Value Added Product Information (learning center, buying guides, 4 C’s of diamond buying) Customer Contacts (1-800 number, email) Physical and online presence (allows customers to view jewelry in person before buying) - Zales
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Mondera’s Learning Center
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One-shot to Repeat Customers Customized Jewelry (Send your design to the company for manufacturing) Reminder Service (holidays, special occasions) Store Credit Card – Zales Good Customer Service
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