fast track brand audit
TRANSCRIPT
GUYS Collections
Biker
Beach
Tees
Army
Summer Collection
Eye Sport
Essentials
Sunglasses
GIRLS Collections
What’s-your-flavour Essentials
Beach Girl
Denim
MultipliciTEES
Fastrack is doing great in its segment because of its unique positioning and lack of direct competition. It should not change its communication strategy yet.
In terms of Price, Fastrack should introduce more expensive lines while keeping the current lines intact. Fastrack is a brand whose watches have become more expensive with time and they are still bought. They should leverage this brand loyalty and craze for the brand by creating a slightly superior range, that can be bought by the youth, but will also be slightly differentiated from their existing portfolio.
They should venture into Shoes because it is an accessory in a young guy/girl’s wardrobe that they haven’t tapped into. They can also look at wearable technology like smart watches as it is in line with their core competency of watches.
In time, Fastrack should look at reaching out to foreign markets.
Fastrack’s unique proposition has served them well and they continue to leverage it through online and offline media. They should solidify there position with building brand communities.