Target Market The potential customer group to which all retail activities are directed in an effort to attract them!

Slides:



Advertisements
Similar presentations
3.04 Position products/services to acquire desired business image.
Advertisements

Fashion Marketing Basics
Fashion Display Merchandising. Visual merchandising is a form of advertising used to communicate with potential customers Visual merchandising is a form.
UNIT C The Business of Fashion
On Target Group Coaching
Chapter 9: Branding and the Marketing program. Contents Branding and Product strategy Branding and Pricing strategy Branding and Distribution strategy.
School Store Operations Chapter 1
Section 18.1 Display Features
Visual Merchandising and Display
The Role and Impact of Marketing
Unit Eight Global Marketing. Unit 8 Vocabulary Consumer Market International Marketing Marketing Environment Marketing Plan Marketing Process Organizational.
The Market Concept.
7 Chapter 7 Identifying and Understanding Consumers.
Marketing Strategy Process Market/ customer analysis Market segmentation Market targeting Marketing Mix Market positioning.
 Market research is the process of gathering information which will make you more aware of how the people you hope to sell to will react to your current.
Learning Goals Learn the three steps of target marketing, market segmentation, target marketing, and market positioning Understand the major bases for.
3.01 Fashion Marketing.
MARKETING MIX.
IDENTIFY AND MEET A MARKET NEED
Consumer Buying Behavior, Search, and Factors Affecting External Search Effort.
Analyzing the Marketing Environment Module 4 Dr. Mohamed Zamil AL-Akhtaby.
IDENTIFY AND MEET A MARKET NEED
Kulachatr Chatrakul Na Ayudhaya 1 Chapter VII Product Pricing By Aj-Kulachatr Chatrakul Na Ayudhaya Mareketing Department Business Administration Faculty.
The Marketing Environment 3 Principles of Marketing.
Applying the Terms.  Marketing is the process of developing, promoting, and distributing goods and services to meet customer wants and needs.
4.4 Select target marketing appropriate for product/business to obtain the best return on marketing investment.
Chapter 1: World of Marketing Section 1.1 What is Marketing.
Determine What to Buy Know and understand the role of the marketing mix and research in a retail store.
What is Marketing?.  The process of developing, promoting, and distributing products and services, to satisfy customers needs and wants.
Marketing. Today…  What is a market?  What is marketing?  Role of Marketing  Marketing Objectives  Marketing Activities.
Chapter 1.
Copyright Cengage Learning 2013 All Rights Reserved 1 Chapter 15: Retailing Designed & Prepared by Laura Rush B-books, Ltd. Introduction to.
Chapter 12.1 Visual Merchandising & Display
1 Lesson 3.1: Importance of a Consistent Image for a Multi-Channel Business.
Chapter 8: Marketing The Role and Impact of Marketing
Chapter 18 Visual Merchandising and Display1 Section 18.1 Display Features Marketing Essentials.
The Marketing Concept Marketing Mix. What is “The Marketing Concept”? Satisfy customers’ needs and wants Make a profit.
CONSUMER PROFILES. STP Process (Market Segmentation, Target Market & Positioning Strategy) 1. Segment the Consumer Market 2. Select a Target Market 3.
Business and Marketing Unit 6: Promotion
External Influences Affect All Levels of Planning External Influences Economic trends Competitor activity Social & demographic trends Technology Laws &
BY: KARUNA SHARMA Karuna Sharma.  The study of the characteristics of human populations, such as size, growth, density, distribution, and vital statistics.
MARKETING PORTFOLIO  PRESENTED BY: AL-HUSAIN SHERIFF  MARKETING STUDENT  DECEMBER 22, 2009.
© 2006 Pearson Education Canada Inc. 3.1 Canadian Advertising in Action Chapter 3 Consumer Behaviour Concepts and Target Marketing.
Level 2 Business Studies
Market Identification Project #2: Marketing Plan Analysis.
Marketing Concept Satisfy customer’s needs and wants Do it better than the competition.
Business Studies and Computer Science Department Prepared by: T. NephinPage 1 MARKETING 1.1 An Introduction to Marketing Intro to Marketing BMI3C1 September.
Fashion Marketing 4.01 B Notes. Business Cycles Decreased production, prices decrease, unemployment increases A recession that reaches its low point.
Chapter 2 Fashion & Marketing Chapter 2.1 Fashion Marketing Basics.
Chapter 1 MARKETING IS ALL AROUND US. The Scope of Marketing Marketing is activity, set of institutions, and processes for creating, communicating, delivering,
The Role of IMC in the Marketing Process Chapter 2
CHAPTER 13 MARKETING in TODAY’S WORLD The Basics of Marketing Market A market is a group of customers who share common wants and needs, and who have.
Marketing Concepts. Marketing Defined  Marketing is the total process of finding or creating a profitable market for specific goods or services.  It.
Chapter 8: Marketing Marketing Concepts Place (Channels of Distribution) Channels of distribution are the paths of ownership that goods follow as they.
TOPIC 5 Search For a New Venture Building a Powerful Marketing Plan.
THE ROLE OF ADVERTISING IN MARKETING Topic 1 Introduction to Advertising.
Global Edition Chapter 1 Analyzing the Marketing Environment.
The Global Marketing Environment. Learning Objectives After studying this chapter, you should be able to: Understand the nature of the marketing environment.
Marketing 101 Marketing 101 -What is Marketing? -What is Fashion Merchandising?
UNIT C The Business of Fashion
UNIT C The Business of Fashion
Does a product have to be PROFITABLE to make it into production?
Chapter 17 Pricing in Retailing RETAIL MANAGEMENT: A STRATEGIC
What is Marketing? Branding Branding Branding.
Principles of Marketing
Marketing Information Management
Promotional Mix.
What Is Marketing?.
Consumer Behavior.
IDENTIFY AND MEET A MARKET NEED
Presentation transcript:

Target Market The potential customer group to which all retail activities are directed in an effort to attract them!

Who are my customers? Make sure the messages are consistent in your windows and in any advertising!

Most retailers cannot hope to sell to all the individuals in their marketplace. Therefore, marketers seek to identify particular groups of customers whose wants they feel they can most completely and accurately satisfy.

Store Image The impression given to customers of the entire store environment including presentation, the type and brand of goods, the store layout and merchandising, fixtures, fittings, décor and staff.

Image is Impact Image is Impact The way in which the store is defined in the shoppers mind, comes from both the functional qualities and the psychological effect of the atmosphere you create.

Retailers are hoping to attract customers by creating a specific and definite perception in people’s minds as to what they do and what they stand for

Demography Demography is the statistical study of human population and it’s distribution.

Australian demographic trends Aging population Single people Cultural diversity Economic conditions Inflation Interest rates Employment levels Competitive intensity Quality of life Physical fitness,nutrition and well being Desire for convenience and premium on time Technology Changing gender roles