target case(final)-american marketing association team 6

34
2016 Target Case Competition American Marketing Association

Upload: daran-xu

Post on 22-Jan-2018

187 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Target Case(Final)-American Marketing Association Team 6

2016 Target Case Competition

American Marketing Association

Page 2: Target Case(Final)-American Marketing Association Team 6

“Our mission is to make Target the preferred

shopping destination for our guests by

delivering outstanding value, continuous

innovation and an exceptional guest

experience.”

Page 3: Target Case(Final)-American Marketing Association Team 6

Problem

Page 4: Target Case(Final)-American Marketing Association Team 6

Weak Online Presence

Page 5: Target Case(Final)-American Marketing Association Team 6
Page 6: Target Case(Final)-American Marketing Association Team 6

Solution

Page 7: Target Case(Final)-American Marketing Association Team 6

Smartphone App

Enhancement

Page 8: Target Case(Final)-American Marketing Association Team 6

Source: Free People

Page 9: Target Case(Final)-American Marketing Association Team 6

Source: Free People

Page 10: Target Case(Final)-American Marketing Association Team 6

Problem

Page 11: Target Case(Final)-American Marketing Association Team 6

Disorganized Softline

Page 12: Target Case(Final)-American Marketing Association Team 6

Solution

Page 13: Target Case(Final)-American Marketing Association Team 6

Smart Rack

Page 14: Target Case(Final)-American Marketing Association Team 6

Soft Line ProductsStart

Page 15: Target Case(Final)-American Marketing Association Team 6

Problem

Page 16: Target Case(Final)-American Marketing Association Team 6

Delayed Checkout

Page 17: Target Case(Final)-American Marketing Association Team 6

Solution

Page 18: Target Case(Final)-American Marketing Association Team 6

Spot Cart

Page 19: Target Case(Final)-American Marketing Association Team 6

Fitting Room

1

2

3

4

5

Page 20: Target Case(Final)-American Marketing Association Team 6

Understanding Consumer Behavior

Page 21: Target Case(Final)-American Marketing Association Team 6

Video Mining

Page 22: Target Case(Final)-American Marketing Association Team 6

“Our mission is to make Target the preferred

shopping destination for our guests by

delivering outstanding value, continuous

innovation and an exceptional guest

experience.”

Page 23: Target Case(Final)-American Marketing Association Team 6

Short

Term

Page 24: Target Case(Final)-American Marketing Association Team 6

Mid-

Term

Page 25: Target Case(Final)-American Marketing Association Team 6

Long Term

Page 26: Target Case(Final)-American Marketing Association Team 6

Question

s?

Page 27: Target Case(Final)-American Marketing Association Team 6

Q&

ACompetitio

n

Financial

Validation

Spot

Cart

Smart

Rack

App

Enhancement

Video

Mining

Page 28: Target Case(Final)-American Marketing Association Team 6

COMPETITION

Mobile Payment

Automated InventorySorting

Physical Store

TABLE OF CONTENTS

Page 29: Target Case(Final)-American Marketing Association Team 6

$0

$50,000

$100,000

$150,000

$200,000

$250,000

1/1/17 1/1/18 1/1/19 1/1/20 1/1/21 1/1/22 1/1/23

Traditions vs. Innovations

New Method

Traditional

FINANCIAL VALIDATION

TABLE OF CONTENTS

Page 30: Target Case(Final)-American Marketing Association Team 6

FINANCIAL VALIDATION

TABLE OF CONTENTS

Page 31: Target Case(Final)-American Marketing Association Team 6

What About Impulse Purchase?

TABLE OF CONTENTS

New Generation’s Shopping Habits

Changed

Better Online Experience=More Impulse

Purchases

Efficient and Direct Consumer Behavior

Page 32: Target Case(Final)-American Marketing Association Team 6

Why Smart Rack?

TABLE OF CONTENTS

New automated sorting system

Increase Efficiency

Less Work Load On Employees

Well-Organized Soft Lines

Page 33: Target Case(Final)-American Marketing Association Team 6

Why Implement Social Media

TABLE OF CONTENTS

Content

DistributeCustomer Engagement

Increase Brand Awareness

Page 34: Target Case(Final)-American Marketing Association Team 6

Why Video Mining?

TABLE OF CONTENTS

Filter Employee Out of Traffic Data

Understand Shopping Patterns of

CustomersMeasure The Impact of Marketing

Promotion and Offers