chromance lens project (1)
TRANSCRIPT
Morgan ScottVice President of Product Development
Specific Purpose StatementThe release of the new style RB3542
Chromance will enrich the consumer with the latest lens technology that eliminates reflection and glare, while expanding the market and increasing revenue for RayBan. (Luxottica)
Preview Sunglass Industry
Industry Sales Main Companies Growth Contributors International Distribution Purchasing Statistics
RayBan’s Two Main Competitors Maui Jim Sunglasses Oakley Sunglasses Comparative Analysis of the Two Competitors
RayBan 3542 Technology Product overview Product Comparison
Summary Conclusion RecommendationQ & A
Sunglass IndustryThe global market for optics is expected to
expand 6% in the coming 5 yearsTotal industry is worth roughly $90 billion, and is
projected to hit $140 billion by 2020.Sunglasses/Frames represent 40% of the total
purchasesFashion label sunglasses represent 35%
Luxottica
Safilo
Marchon
De Rigo
Marcolin
0 1 2 3 4 5 6 7 8 9
Revenue of Main Com-panies
Revenue of 2014 (Billion)
Top Sunglass Sales Growth Contributors by Gender and Age
U.S Dollar Sales, 12 months ending June 2015 vs. prior year
Demographic Group
Total Sunglasses $ Sales
Share of Sunglasses $ Sales Growth
Males, age 25-34 $397.8 M 14%
Males, age 45-54 $413.6 M 19%
Females, age 18-24 $252.6 M 13%
Females, age 25-34 $361.0 M 21%
North America Europe Asia-Pacific Latin America Rest of the World0%
10%
20%
30%
40%
50%
60%
56%
20%14%
7% 3%
Shar
e of
Net
Sal
esInternational Distribution Of Net Sales
Male/Unisex94%
Female6%
Style
Plastic Frames
89%
Metal Frames
11%
MaterialProduction Statistics
RayBan Competitors
Maui Jim Ho’okipaPros
Lightweight
Bi-Gradient lens
Polarized
Scratch- and impact-resistant
Unisex
ConsPrice $189
Break easy
Nose pads fall off
Oakley Flak JacketsPros
Lightweight and durable
Interchangeable lenses
HDPolarized lenses
Unobtanium earsocks and nosepads
ConsPrice $190
Replacement lens price ($50-$100)
Easily fog up
Bulky
Doesn’t appeal to women
Comparative Analysisof RayBan’s Competitors
Maui Jim Vs. Oakley Maui Jim Oakley
Price $189 $190Frame Material Grilamid O-Matter
Lens Material PolyCarbonate Plutonite
Lens Color Neutral Grey, HCL Bronze, Maui Rose
Standard: Black Iridium (42+)
Protection 100% UV A-B-C 100% UV A-B-CFrame/Fit (mm) Eye: 64.0
Bridge:17.0 Height: 39.0 Temple: 130.0
Eye: 63.0 Bridge:14.0 Height: 36.0 Temple: 135.0
Durability Moderate HighWarranty 2 Year Limited 2 Year Limited
Proposed Product RB3542 Chromance
RB3542 CHROMANCEPros
Features Chromance lensLightweight top barDurable metal frameFlex-HingesUnisexPrice: $170
ConsTroublesome nosepads Smaller sideBest for oval/round facesLow customer knowledge
Comparative Analysis(RayBan Vs. Two Competitors)
RayBan Maui Jim OakleyPrice $170 $189 $190Frame Material Titanium Grilamid O-Matter
Lens Material PolyCarbonate PolyCarbonate Plutonite
Lens Color Grey Mirror, Purple Mirror, Silver Mirror Chromance
Neutral Grey, HCL Bronze, Maui Rose
Standard: Black Iridium (42+)
Protection 100% UV A-B-C 100% UV A-B-C 100% UV A-B-CFrame/Fit (mm) Eye: 63.0
Bridge:15.0 Height: 36.0 Temple: 125.0
Eye: 64.0 Bridge:17.0 Height: 39.0 Temple: 130.0
Eye: 63.0 Bridge:14.0 Height: 36.0 Temple: 135.0
Durability Moderate Moderate HighWarranty 2 Year Limited 2 Year Limited 2 Year Limited
SummarySunglass Industry
Industry Sales Main Companies Growth Contributors International Distribution Purchasing Statistics
RayBan’s Two Main Competitors Maui Jim Ho’okipa Oakley Flak Jackets Comparative Analysis (Maui Jim vs. Oakley)
RayBan 3542 Technology RB3542 CHROMANCE overview Comparative Analysis
(RayBan Vs. Two Competitors)
Conclusion Developing RB3542 with Chromance
lens technology will stimulate the market and grow profits for RayBan while ensuring the consumer with the best clarity in vision, making RB3542 Chromance the best way to see the world.
RecommendationUnder the authorization of the board, I
recommend RB3542 Chromance should be launched into the sunglass market Spring 2018 due to an increase in UV rays and warmer weather which generates growth of shoppers.