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Chanel and H&M Brand Comparison.pdf

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Chanel and H&M Brand Comparison.pdf

  1. 1. Session 2: Brand Equity, Image, and Positioning Assignment © 2020 Generation: You Employed, Inc. 1 Chanel H&M Consistent style (Find keywords that describe the style of each brand.) Luxury, Chic, Elegant, Timeless, Iconic, Sophisticated, Classic, High-end, Fashionable, Quality Affordable, Trendy, Casual, Fashion-forward, Youthful, Accessible, Modern, Versatile, Inexpensive, Fast fashion. Brand equity (What is customers’ perceived worth of each brand?) The perceived worth of the Chanel brand by its customers is typically high, due to the brand's reputation for luxury, quality, and exclusivity. Chanel is known for its iconic designs and premium materials, and customers are willing to pay premium prices for the prestige and status associated with the brand. Additionally, the brand's strong heritage and history of producing high-end fashion products only adds to its perceived worth among customers. The perceived worth of the H&M brand by its customers is typically viewed as affordable and value-oriented. H&M is known for offering trendy and fashionable clothing and accessories at relatively low prices, making it accessible to a wide range of customers. The brand is also known for fast-paced fashion and frequent new product releases, appealing to customers who are looking for the latest styles at an affordable price point. Despite its low prices, H&M still maintains a reputation for good quality and durability, which contributes to its perceived worth among customers. Brand image (What is the brand image of each?) The brand image of Chanel is one of luxury, sophistication, and timeless elegance. Chanel is associated with high-end fashion and premium quality, and is known for its iconic designs and premium materials. The brand has a strong heritage and history, and is recognized for its classic and iconic styles, such as the "little black dress" and the "Chanel suit." Chanel is also associated with exclusivity and prestige, and is often viewed as a status symbol by customers. The brand's image is The brand image of H&M is one of affordability, accessibility, and fashion-forward style. H&M is known for offering trendy and fashionable clothing and accessories at relatively low prices, making it accessible to a wide range of customers. The brand appeals to a younger and more budget-conscious demographic, and is often associated with fast- paced fashion and frequent new product releases. Despite its low prices, H&M still maintains a reputation for good quality and durability, which
  2. 2. Session 2: Brand Equity, Image, and Positioning Assignment © 2020 Generation: You Employed, Inc. 2 carefully cultivated through its advertising, store design, and product offerings, which all contribute to its perception as a luxury fashion brand. contributes to its image as a value-oriented fashion brand. The brand's advertising and store design also emphasize its focus on fashion and affordability, further solidifying its image in the minds of customers. Brand positioning (How does each brand sit in the minds of various customers? Which customers might prefer Chanel, and which customers might prefer H&M?) Chanel and H&M sit differently in the minds of various customers based on their personal preferences, needs, and budgets. Chanel is often viewed as a luxury fashion brand, and its customers tend to be those who prioritize quality, exclusivity, and prestige. Chanel customers are often willing to pay premium prices for the brand's iconic designs, premium materials, and reputation for quality. They may also value the brand's strong heritage and history, and the prestige and status associated with owning a Chanel product. Chanel customers tend to be older, more affluent, and have a higher disposable income. Overall, the choice between Chanel and H&M will depend on the individual customer's personal preferences, needs, and budget. Chanel and H&M sit differently in the minds of various customers based on their personal preferences, needs, and budgets. H&M, on the other hand, is viewed as a more accessible and value-oriented fashion brand. Its customers are attracted to the brand's affordability, trendy styles, and fast-paced fashion. H&M appeals to a younger, more budget-conscious demographic, and is often favored by those who are looking for the latest styles at an affordable price point. H&M customers may also appreciate the brand's focus on sustainability and its efforts to reduce waste and be more environmentally conscious. Overall, the choice between Chanel and H&M will depend on the individual customer's personal preferences, needs, and budget.

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