branding (estee lauder)
DESCRIPTION
business management (marketing)TRANSCRIPT
COMPANY BACKGROUNDName : Estee Lauder Companies Inc.
Founder : Joseph Lauder & Estee Lauder
Type of business : cosmetics, skin care products & fragrance
Place : New York City, New York1946 : began producing cosmetics in New York City1948 : establish first department store in New York1960 : expand business in International level
Now Estée Lauder sells its products, across the world.
It employs over 20,000 people in 2003 and its sales topped $5 billion.
The company is still controlled by the Lauder family
Estée Lauder brands include: Estée Lauder, Clinique, Aveda, Origins, Prescriptives, Bobb Brown, Aramis, La Mer, Tommy Hilfiger, Stila
PRODUCT BACKGROUND
In 1946, Estee Lauder only produce four products such as Super Rich All Purpose Cream, Cream Pack, Cleansing Oil, and Skin Lotion.
Now Estee Lauder Produce more products like skin care products, cosmetics and fragrances.
SKIN CARE PRODUCTSDerm solutions starter system
Repair and hydrate the look of past UV damage while giving your skin the moisture it needs.
Perfectly Clean Fresh Balancing Lotion
Revitalizing toning lotion conditions, rebalances skin
COSMETICS
Graphic Color Eye Shadow Quad
Endless expressions for eyes in one compact
Pure Color Crystal Gloss with Neon Glow
Sheer, high-polished hues with dimensional shine
FRAGRANCEEstee Lauder beyond Paradis - Eau de perfume spray
The new fantasy in fragrance
Estée Lauder beyond Paradise Duo
The perfect way to start off the New Year
TARGET MARKET
TARGETMARKET
AGE
PURCHASING POWER
YOUNG WOMEN
HIGH INCOME
SWOT ANALYSIS
STRENGTHS
Size and market share
Family control
Marketing ability
R&D advantage
Management expertise
WEAKNESSES
Too big and difficult to control
Lack of focus
Estee Lauder too old
Involve high costs and expensive
OPPORTUNITIES
Enter the new market
Americans high spending on cosmetics
Availability for strategic alliances
Attract more customers
THREATS
More competitive market
More segmented market
Criticism from animal liberationists and ethicists
More expensive market
FIXED BRAND
ELEMENT BRAND NAME The brand name of this cosmetic product is a arbitrary
name which used real words with no obvious tie-in to company. The Estee Lauder name refers to the founder of the cosmetic products.
The company’s products are sold in over 130 countries and territories under well recognized brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Origins, M.A.C, La Mer, Bobbi Brown, Tommy Hilfiger, Donna Karan, Aveda, Stila
In addition to these brands, the Company is currently developing products to be sold under the Sean John label.
LOGO & SYMBOL
Estee Lauder Company used corporate name as their logo (EL). The EL also stands for the first letter of the Estee Lauder, the founder name represent their product. This logo makes consumers to easily recognize and identified the product.
CHARACTER The Estee Lauder brand
character is live-action figures where TV ads or online ads featured models wearing the Estee Lauder cosmetics product
Elizabeth Hurley in Estee Lauder advertisements represents the beauty that is possible through Estee Lauder products.
SLOGAN
The guiding vision of The Estee Lauder Companies Inc. is “Bringing the best to everyone we touch”.
By “The best”, it means the best products, the best people and the best ideas. These three pillars have been the hallmarks of our Company since it was founded by Mrs. Estee Lauder in 1946.
Estee Lauder Company has their own website. The company’s corporate website is www.elcompanies.com and the brands own www.estee lauder.com. The consumers can explore this both websites to get more information about the products.
URLs (Uniform Resource Locators)
PACKAGING
Estee Lauder monogram and packaging system is a consistent reference to high quality products and classic traditions of beauty
They emphasis an environmentally friendly packaging. In terms of packaging, the "Lauder way" means every bottle, every label, every carton, every cap and every sprayer must meet standards. Packaging must be brought up to the standard expected of every product in the Lauder portfolio.
The group initially developed packages that had beautiful transparent colors. Packaging materials contain a high percentage of recycled materials and all containers must be, themselves, recyclable
DEVELOPING OF MARKETING PROGRAM
MARKETING MIX
PRICE
PLACEPRODUCT
PROMOTION
Estee Lauder one of the largest cosmetics manufacturers in the world.
Estee Lauder manufactures and markets skin care, sun care, makeup, and hair care products in addition to their fragrance line.
PRODUCT
PLACE Estee Lauder sells its products
primarily through limited distribution.
department stores, specialty retailers, upscale perfumeries and pharmacies.
freestanding company stores and spas, stores on cruise ships, in-flight and duty free shops in airports and cities.
PRICE Intuition :
1.7oz: $47.50 3.4oz: $65.00
Estee Lauder Pleasures: 0.5oz: $27.00 1.7oz: $42.50
Beautiful: 1.0oz: $42.50 2.5oz: $60.00
Beyond Paradise: 1.0oz: $39.50 1.7oz: $49.50 3.4oz: $68.00
Youth Dew: 1.5oz: $20.00 1.8oz: $23.00 2.25oz: 25.00 2.5oz: $35.00 (anniversary edition)
PROMOTION The free gift and the gift-with-
purchase techniques were pioneered by the company founder Estee Lauder
Estee Lauder hosts Makeup Artist Events in select retail stores.
Printed advertisements in magazines are an effective way of reaching a large audience for any consumer industry
LEVERAGING SECONDARY BRAND ASSOCIATION COMPANY
This company creates a new brand for their product
COUNTRY OF ORIGIN
Country of origin for this product is New York. The Estee Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance, and hair care products.
CHANNELS OF DISTRIBUTION
The company sells its product principally through limited distribution channels to complement the images associated with its brand. they consist primarily of upscale department stores, specialty company stores and spas, stores on cruise ships, in-fight and duty free shops in airport and cities.
MAJOR COMPETITOR
Lancome
Christian Dior
Ralph Lauren
Vera Wang
Armani
CONCLUSION We can say that, the Estée Lauder Companies is ideally
positioned for continuing growth. They can accomplish their goals by remaining focused on some strategies like innovating new products, driving all product categories, diversifying distribution, expanding global reach and pursuing acquisition and licensing opportunities.
Most important thing is, Estee Lauder’s highest priority will always be their commitment to building great brands and great people
Estee Lauder already have their brand equity and they will try to have more loyal customers by producing more products which can satisfy the customers from all over the world.