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Project and Victoria’s Secret
Team 5 Marketing Plan Mariah Mostoller, Preston Tagaras, Quynh Anh Truong, Brittney Urdzik, And Cory Hoover
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For her, For him VICTORIA’S SECRET By, Get him the gift he wouldn’t get himself.
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SWOT ANALYSIS Strength Weakness Opportunity Threat
Brand Name/Image, loyal customers, Facebook “likes”(18,374,978) and twitter “followers” (769,860) Weakness Higher price, Strictly female market Opportunity Increased demand during holidays Threat Competing men’s lines -Macy’s, Express
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Victoria’s Secret (RED) Campaign
(RED) is a campaign designed to help eliminate aids. For our BA 220 course (marketing) our objective is to create a marketing plan and associate (RED) with Victoria’s Secret. All participants of this survey are customers in Victoria’s Secret and Belden Village Mall. If Victoria’s Secret were to have a men’s line would you buy for your friend/significant other? YES ______ NO ______ What kind of clothing would you buy him? Check all that apply Polo ______ Tie_______ Other______ Dress socks______ Cologne______ If you checked “other” please write what you would buy or what you would prefer Victoria’s Secret to have in the “his” section of the store. Do you think men and women would buy at Victoria’s Secret if they knew it was for a (RED) campaign to help eliminate aids? YES______ NO_______ Do you like the idea of a women’s store having a men’s line? Agree_____ Disagree______ No Answer________
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16% 28% 16% 52% 72%
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Featuring a new product for every major holiday
Christmas September 2012 March 1st 2013 Sweetest Day Valentines Day (RED) January
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September October November December January February Post picture of you and your sweetest in your red glamour to Facebook. Top 3 couples with the most likes wins tickets to a red carpet premier. Featuring dress clothes for Christmas -(Red) ties, polo, dress socks Celebrity Ads, Commercials and Justin Timberlake -Real Men wear red Red Tie Event hosted by Justin Timberlake. Cost = $50/ plate Sample of red cologne Empowe(red) Featuring the all new Empowe(red) cologne. Buy any 2 (red) products to get your name entered into a drawing Win a dinner catered by Emeril for you and your valentine!
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Real Men Wear (Red) September: Getting the Word Out Justin Timberlake
3 Pieces of marketing plan Payment of $1 million Real Men Wear (Red)
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…so your Sweetest Day can become your sweetest night
September/October: Boxers for Sweetest Day Production Cost Boxers: $12 x 300,000 …so your Sweetest Day can become your sweetest night $3,600,000 $17.99 (Red) S M L XL
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October: Facebook Promotion
Post a pic of you and your sweetheart in your best red apparel! 3 couples with the most “likes” win the Red Carpet VIP Package Package includes: -Private table for 2 -Admission tickets -Hotel Room $150 $150 $150 $450
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Your man will look his best for Christmas in our (RED) formal wear
Production cost November/December: Dress to Impress x 100,000 x 400,000 Tie: $12 Socks: $7 Shirt: $ 12 Your man will look his best for Christmas in our (RED) formal wear $8,800,000 $29.95 $49.98 S M L XL (RED) $14.99
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(RED) Tie Affair Building rental Catering Service Furniture
Included: $10,000 Hosted by Justin Timberlake The Altman Building, New York City
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January/February: Valentine’s Cologne
Production Cost Cologne: $12 x 300,000 $3,600,000 Help your man feel empowered with our new men’s cologne: Very Sexy, (RED) Edition! $34.99
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Win a candlelit dinner catered by famous chef, Emeril Lagasse!
Cater By Emeril: $5,000 Drawing system: $5,000 Valentine’s Dinner with Emeril Lagasse $10,000 Buy any 2 (RED) products and get entered in the drawing Win a candlelit dinner catered by famous chef, Emeril Lagasse!
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Push Money Pink Promotion
For selling a (Red) product the employee who makes the sale will receive a 3% commission from VS Receive a free bottle of Pink perfume for purchasing the featured (Red) product of the season!
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Overall Budget
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