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Marketing Management
Project
TOPSHOP
• A well known British multinational retailer brand
• Affordable High-Street Fashion
• Innovation and style
• Fast Fashion
• Clothing
• Shoes
• Make-up
• Accessories
• Operations in 37 Countries and Online
• Owned by ARCADIA group, 92% ownership of
Philip Green
• Sister Concerns: Burton, Dorothy Perkins, Miss
Selfridge
INTRODUCTION
• Founded in 1964 as “Peter Robinson’s Top Shop”
• A youth Fashion brand
• First stand alone store opened in 1974
• Transformed from a down market outfitter in the 1990s to a seriously cool
trend setting brand – HUGE GROWTH IN SALES
HERITAGE
• Biggest supporter of British design talent
• Sponsored internationally recognized NEWGEN
scheme since 2002
PERSONALITY, ACHIEVEMENTS
AND ACCOLADES
• Career booster for known designers & new
ones
• Christopher Kane, Jonathan
Saunders, Marios Schwab
• Brand associations with Kate Moss, Barbara
Hulanicki
• “A dream factory that initiates and
innovates, and creates its own fashion“ –
The Face
STRATEGIC BUSINESS UNIT
• Clothing & Accessories for Working Individuals
• One Stop Solution for all needs pertaining to the look at the office
• Men & Women Clothing
• Modern Eastern wear & Western wear for Women
• Modern Western wear for Men
• Ties, Belts, Shoes, Cuff Links, Wallets, Money Holder, Mobile
Covers, Laptop / Tablet Holders, Bags, Daily Planners
Working Woman
Cotton&Cotton
Chester Bernard
JafferJees
Hub Leather
COMPETITORS
PESTLE findings:
• Unstable Political Climate
• Electricity Crisis
• Apparel Manufacturing Industry is largest
industry in Pakistan and highest share of
GDP (but mostly for import)
• Low Threat of New Entrants in Fast
Fashion
• No Local Market Leaders
• Fashion Consciousness in Pakistan
SITUATION ANALYSIS
• Evolving Fashion Trends
• Family Structures have changed
• Social Media and Cable TV has
increased exposure / changed
mindsets
• Labor Laws are comparatively lenient
and labor is cheap
• Environmental laws are close to non
existence.
Internal Analysis:
• Fast Fashion
• Affordability
• Accessibility
• Variety & Turnover of stock
• International Brand Image
• Convenient and Tech Savy brand
• Brand positioning as socially responsible (charity work w/ PETA)
• Awards and Accolades (mention in VOGUE, association of top names in
fashion industry)
• Additional services (Student discounts, Style Advisors, café, Nail Salon)
SITUATION ANALYSIS
PORTER’S FIVE FORCE MODEL:
1. Threat of Substitute Product – Moderately Favorable
2. Threat of New Entrants - Moderately Favorable
3. Bargaining Power of Buyers – Favorable
4. Bargaining Power of Suppliers – Favorable
5. Competitive Rivalry – Moderately Favorable
SITUATION ANALYSIS
Strengths:
• Wide Variety
• Latest catwalk styles at affordable
prices with the shortest possible
lead times
• Free personal style consultants
• Global name
• Competitive pricing
• Experience of marketing in diverse
cultures.
• Specialist Collection –
Maternity, Baby
wear, Tall, Petite, Vintage
SWOT ANALYSIS
Weaknesses:
• Minimal advertising.
• Low in store inventory.
• Pakistani people are unaware about
the brand.
• High end quality retailer - so it will
be appealing to those who are
willing to spend.
Opportunities:
• Scarcity of good quality apparel &
variety.
• Fast growing demand from Asian
markets.
• TOPSHOP can further franchise
for different cities.
• TOPSHOP with all its financial
muscle has the ability to become a
market leader.
• With evolving fashion trends and
fashion forward culture of target
market in Pakistan, it can prove to
make its mark.
SWOT ANALYSIS
Threats:
• Political conditions in Pakistan are
not stable.
• Economic Conditions are not
welcoming with currency
depreciation & volatile interest
rates.
• Strong competitors like
Debenhams already entered
Pakistani Market
• Competition from Chinese
manufacturers in Pakistani market.
• Build Brand Presence in key metropolitan cities of the country within 6
months to a year
• To open 8 outlets all over Pakistan within a span of 2 years.
• To acquire 25% of market share within a span of 2 years.
• Associate brand with young entrepreneurs & executives and High Street
Fashion through digital media, for highest brand loyalty, within a year.
• Make it an office name. Working Class H2T should be the talk around the
office. Customers can sometimes be the best brand ambassadors.
MARKETING OBJECTIVES
Segmentation & Target Market:
• Homogenous market segment of Upper, Upper-Middle & Middle class
• Working Class (White Collar)
• Receptive to Change & Want to fit in (Leaders & Followers in trend setting)
• Urban area (50% populace lives in towns)
• Market potential from 24-40 yr olds (white collar workers) M/F
• Independent purchase decisions
• Earning and Spending hand is the same.
• Income Bracket: PKR 25,000 – PKR 250,000
• Executive, Managers, Artists, Media Personnel
• Ambitious, Talented, Go-Getters, Socially active, Fashion concious
• Look for Quality & Convenience
MARKETING PLAN
Positioning and Differentiation:
• Hip Fashion Forward Brand
• Colors, Cuts, Designs, Affordability
• Renowned trademark
• R&D for competitive edge
• Fashionable & Decent but trendy line for women
• Conservative but good quality product for older age bracket (MEN)
• Accessories for all tech savvy professionals (Mobile cases, laptop
cases, wallets, bags, shoes etc)
• For Tech Savvy, easily influenced professionals moving from university to work
life
• Psychological queues: Stylish, Trendy, Fast Fashion, Comfortable, Affordable, Top
Quality
MARKETING PLAN
“Work, but look good doing it”
“Don’t just work the part, look it”
“Seal the deal, with a kick in your
heels”
MARKETING PLAN
Product
• A Fast Fashion, up to date brand that is unique with highest quality, designed
for professionals.
Price
• Affordable prices, regular sales and discount cards.
Promotion
• Awarenes through hoardings, magazine shoots, event sponsorships, fashion
shows, articles, mobile masked sms and social media.
• Association of young and exceptional personalities in the corporate world with
the brand as brand ambassadors – Brand Endorsement
Placement
• At retail outlets of Working Class H2T – Commercial areas of Metropolitan
cities
E-Business:
• Social Media will play a vital role in promotion and advertisement
• Interactive website for TOPSHOP Pakistan, available for online shopping and
customer service with semiannual SEO for the website.
MARKETING MIX
Heads Expense (USD $) Duration
Market Research 1000 Per year
Shop Fascia 200 Yearly
Website & SEO 850 Upgradeable
Print & Magazine 4000 Yearly
Hoardings 1000 Varying Durations
Social Media Marketing 3000 Per Year
Mobile SMS 1500 Per Year
Event Sponsorships 8500 Once a year
Agency fees 8000 Yearly
Creative Design 4500 Yearly
Total Expense 32,550 Approximate figure
PKR @ 98.27 3,198,689 Approximate figure
MARKETING BUDGET

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Topshop (A Marketing Management Project for MBA)

  • 2. • A well known British multinational retailer brand • Affordable High-Street Fashion • Innovation and style • Fast Fashion • Clothing • Shoes • Make-up • Accessories • Operations in 37 Countries and Online • Owned by ARCADIA group, 92% ownership of Philip Green • Sister Concerns: Burton, Dorothy Perkins, Miss Selfridge INTRODUCTION
  • 3. • Founded in 1964 as “Peter Robinson’s Top Shop” • A youth Fashion brand • First stand alone store opened in 1974 • Transformed from a down market outfitter in the 1990s to a seriously cool trend setting brand – HUGE GROWTH IN SALES HERITAGE
  • 4. • Biggest supporter of British design talent • Sponsored internationally recognized NEWGEN scheme since 2002 PERSONALITY, ACHIEVEMENTS AND ACCOLADES • Career booster for known designers & new ones • Christopher Kane, Jonathan Saunders, Marios Schwab • Brand associations with Kate Moss, Barbara Hulanicki • “A dream factory that initiates and innovates, and creates its own fashion“ – The Face
  • 5. STRATEGIC BUSINESS UNIT • Clothing & Accessories for Working Individuals • One Stop Solution for all needs pertaining to the look at the office • Men & Women Clothing • Modern Eastern wear & Western wear for Women • Modern Western wear for Men • Ties, Belts, Shoes, Cuff Links, Wallets, Money Holder, Mobile Covers, Laptop / Tablet Holders, Bags, Daily Planners
  • 7. PESTLE findings: • Unstable Political Climate • Electricity Crisis • Apparel Manufacturing Industry is largest industry in Pakistan and highest share of GDP (but mostly for import) • Low Threat of New Entrants in Fast Fashion • No Local Market Leaders • Fashion Consciousness in Pakistan SITUATION ANALYSIS • Evolving Fashion Trends • Family Structures have changed • Social Media and Cable TV has increased exposure / changed mindsets • Labor Laws are comparatively lenient and labor is cheap • Environmental laws are close to non existence.
  • 8. Internal Analysis: • Fast Fashion • Affordability • Accessibility • Variety & Turnover of stock • International Brand Image • Convenient and Tech Savy brand • Brand positioning as socially responsible (charity work w/ PETA) • Awards and Accolades (mention in VOGUE, association of top names in fashion industry) • Additional services (Student discounts, Style Advisors, café, Nail Salon) SITUATION ANALYSIS
  • 9. PORTER’S FIVE FORCE MODEL: 1. Threat of Substitute Product – Moderately Favorable 2. Threat of New Entrants - Moderately Favorable 3. Bargaining Power of Buyers – Favorable 4. Bargaining Power of Suppliers – Favorable 5. Competitive Rivalry – Moderately Favorable SITUATION ANALYSIS
  • 10. Strengths: • Wide Variety • Latest catwalk styles at affordable prices with the shortest possible lead times • Free personal style consultants • Global name • Competitive pricing • Experience of marketing in diverse cultures. • Specialist Collection – Maternity, Baby wear, Tall, Petite, Vintage SWOT ANALYSIS Weaknesses: • Minimal advertising. • Low in store inventory. • Pakistani people are unaware about the brand. • High end quality retailer - so it will be appealing to those who are willing to spend.
  • 11. Opportunities: • Scarcity of good quality apparel & variety. • Fast growing demand from Asian markets. • TOPSHOP can further franchise for different cities. • TOPSHOP with all its financial muscle has the ability to become a market leader. • With evolving fashion trends and fashion forward culture of target market in Pakistan, it can prove to make its mark. SWOT ANALYSIS Threats: • Political conditions in Pakistan are not stable. • Economic Conditions are not welcoming with currency depreciation & volatile interest rates. • Strong competitors like Debenhams already entered Pakistani Market • Competition from Chinese manufacturers in Pakistani market.
  • 12. • Build Brand Presence in key metropolitan cities of the country within 6 months to a year • To open 8 outlets all over Pakistan within a span of 2 years. • To acquire 25% of market share within a span of 2 years. • Associate brand with young entrepreneurs & executives and High Street Fashion through digital media, for highest brand loyalty, within a year. • Make it an office name. Working Class H2T should be the talk around the office. Customers can sometimes be the best brand ambassadors. MARKETING OBJECTIVES
  • 13. Segmentation & Target Market: • Homogenous market segment of Upper, Upper-Middle & Middle class • Working Class (White Collar) • Receptive to Change & Want to fit in (Leaders & Followers in trend setting) • Urban area (50% populace lives in towns) • Market potential from 24-40 yr olds (white collar workers) M/F • Independent purchase decisions • Earning and Spending hand is the same. • Income Bracket: PKR 25,000 – PKR 250,000 • Executive, Managers, Artists, Media Personnel • Ambitious, Talented, Go-Getters, Socially active, Fashion concious • Look for Quality & Convenience MARKETING PLAN
  • 14. Positioning and Differentiation: • Hip Fashion Forward Brand • Colors, Cuts, Designs, Affordability • Renowned trademark • R&D for competitive edge • Fashionable & Decent but trendy line for women • Conservative but good quality product for older age bracket (MEN) • Accessories for all tech savvy professionals (Mobile cases, laptop cases, wallets, bags, shoes etc) • For Tech Savvy, easily influenced professionals moving from university to work life • Psychological queues: Stylish, Trendy, Fast Fashion, Comfortable, Affordable, Top Quality MARKETING PLAN
  • 15. “Work, but look good doing it” “Don’t just work the part, look it” “Seal the deal, with a kick in your heels” MARKETING PLAN
  • 16. Product • A Fast Fashion, up to date brand that is unique with highest quality, designed for professionals. Price • Affordable prices, regular sales and discount cards. Promotion • Awarenes through hoardings, magazine shoots, event sponsorships, fashion shows, articles, mobile masked sms and social media. • Association of young and exceptional personalities in the corporate world with the brand as brand ambassadors – Brand Endorsement Placement • At retail outlets of Working Class H2T – Commercial areas of Metropolitan cities E-Business: • Social Media will play a vital role in promotion and advertisement • Interactive website for TOPSHOP Pakistan, available for online shopping and customer service with semiannual SEO for the website. MARKETING MIX
  • 17. Heads Expense (USD $) Duration Market Research 1000 Per year Shop Fascia 200 Yearly Website & SEO 850 Upgradeable Print & Magazine 4000 Yearly Hoardings 1000 Varying Durations Social Media Marketing 3000 Per Year Mobile SMS 1500 Per Year Event Sponsorships 8500 Once a year Agency fees 8000 Yearly Creative Design 4500 Yearly Total Expense 32,550 Approximate figure PKR @ 98.27 3,198,689 Approximate figure MARKETING BUDGET