core benefit:trendy functional bags for kids and parents basic product:trendy bags that create a...
TRANSCRIPT
Core Benefit:Trendy functional bags for kids
and parents
Basic product:Trendy bags that create a relationship
with their families.
Expected Product: free standing stores create
gender specific bags by creating characters and
using color patterns, premium line.
Augmented Product: Characters on bags form
relationships with our consumers, eco friendly
bags
Potential Product: Childrens books builda
character school supplies, childrens clothing, teenage
market.
Brand Value Hierarch
SWOT ANALYSISSTRENGTH
-Strong brand recognition with existing consumers- Catering to niche markets with gender specifics and eco-friendly lines- Beatrix already has unique character story to build relationship with consumer- Beatrix
WEAKNESS- Limited shopping outlets- Using higher quality materials can correlate to less profit margin- Consumers may not respond well to expanded line- Beatrix was unsuccessful before from over expansion into to many brand categories
OPPORTUNITY
-Expanding variety for increasing target markets-By creating luxury, gender specific, and green bags we are catering to the 3 main market segments of trends today- Creating retail outlets- Consumers are looking for unique products to express their personality/taste-Increase global awareness on being economically conscious
THREATS- New competitors taking ideas and diluting market- Existing competitors with strong market-Expanding market may cause loss of existing consumers-Economic downturn
Luxurious
Brand Positioning
Environmental Trends Follower
Environmental Trends Leader
Functional
Brand Concept Plan
• Focus on relationship between graphics and customer
• Innovation in new designs and new graphics will result in new relationships and contribute to sales on brand extension
• Environmentally conscious focus
Merchandising Strategy Unit Plan
Diaper Bag Kids Backpack Kids Lunchbox
Environmentally conscious
behavior
Premium Line
Gender Specific
Differentiation Tools
Product Channel Image-- 2 different target markets-2 different bags- Our Manhattan line is for the more fashionable consumer who wants to convey luxury to others -The sustainable Sac line is for the eco friendly consumers who want to impact our environment and show that they are being responsible by going green.- Then making gender specific bags covers all of our markets needs.
-WOM and celebrities being photographed using our products.-Brick and Mortar store-Online retailer-Sponsor events to promote going green projects and fund children's philanthropies.
-Our image is created through our celebrity customers being publicized using our products, being featured in editorial publications and our efforts in environmental sustainability production.
-Consumers use our bags to convey their personal image to others which projects a positive image
Customer-Based Brand Equity
Model• Salience
• Easily recognizable logo
• Celebrities seen with product and magazine featuring give positive WOM
• Performance
• Durable material ensures long lasting products
• Imagery
• Different lines creates individualization to consumers
Salience
Performance Imagery