Victoria Secret has new products every month. New product ideas that survive the initial screening process move to the Victoria Secret analysis stage,where preliminary figures for demand,cost ,sale and profit-ability are calculated. For example, the new products Victoria Secret are planning to show this month, most of them are bath and body work whole sales,and winter's perfume section.Like Pink Body Skin, The Naked, Miraculous, Very Sexy,and the new famous product are "Bombshell in Love". The reason why they are creating most of these bath and body work cause of the winter,especially for Christmas Eve and Valentine's Day. The role of new product is very important to the company's brand. It shows of how Victoria Secret developed such a strong brand by itself with new product every month.
Monday, November 25, 2013
Ch.11 Developing and Managing Products
Victoria Secret has new products every month. New product ideas that survive the initial screening process move to the Victoria Secret analysis stage,where preliminary figures for demand,cost ,sale and profit-ability are calculated. For example, the new products Victoria Secret are planning to show this month, most of them are bath and body work whole sales,and winter's perfume section.Like Pink Body Skin, The Naked, Miraculous, Very Sexy,and the new famous product are "Bombshell in Love". The reason why they are creating most of these bath and body work cause of the winter,especially for Christmas Eve and Valentine's Day. The role of new product is very important to the company's brand. It shows of how Victoria Secret developed such a strong brand by itself with new product every month.
Sunday, November 17, 2013
Ch. 18 Social Media and Marketing
Victoria Secret uses social media to boost their advertisement to a new level. Social media such as Twitter has been a big help to he Victoria Secret franchise. With over 2,500,000 followers the number of people talking about Victoria Secret and advertising it boosts up the sales for the franchise. This is a good marketing strategy that not only boosts the sales revenue for the franchise but also helps in the growth of the Victoria Secret franchise.Thus, Istagram is also a advertising that Victoria Secret Uses. Instagram is a popular app to shares photos of new products and merchandise onto the social media that millions to see it. So, it's the best way for Victoria Secret gaining more follower via social media.
Monday, November 11, 2013
Ch.10 Product Concept
Victoria Secret pride themselves on their high quality products. All Victoria Secret products uses materials and fabrics that makes the products last longer and does not wear out as much as products from other competitions. Victoria Secret also produces products based on age for females. This consist of packaging, styles, color, and designs. Victoria Secret is trying to become the dominant clothing line and brand out of all the other. Victoria Secret aims to showcase the product best qualities and maximum features of the product. Marketers spend a lot of time and research in order to target their attended audience.Especially for the packaging concept, Victoria Secret know how to design it and make it like small, good and cute for female customer. This is a very good idea for the product concept of Victoria Secret.Plus,they know how to com-positive the color with making cute and sexy style.This would attractive to most of teenager female to keep being a big fan of Victoria Secret.
Monday, November 4, 2013
Ch 17.Personal Selling and Sale Management
Victoria Secret has well trained staffs and workers. They are all train to be discipline and show respect to all customers. All workers are to be friendly and helpful to other workers and most importantly the customers. Sales management is very important to the company and is one of their main priorities. It is an important business function as net sales through the sale of products and services and resulting profit drive most commercial business. These are also typically the goals and performance indicators of sales management. Sales Managers are required to a good job so that they can meet their goals and requirements.
Friday, October 25, 2013
Ch. 16 Advertising,Public Relations and Sales Promotion.
Victoria Secret uses most basic form of
advertisements from TV commercials, magazines, poster and more. This
allows people to see our company and be interested in our products. It
also opens our advertising array to lots more people. Victoria Secret
also have sales promos where it boosts brand recognition and customer
exposure. Promotional products are highly effective for companies with a
clearly defined audience and limited budget. These products can be
used to attract new clients, reward loyal customers, or build
credibility within the public sphere. Every year Victoria Secret holds a fashion show that boosts their popularity and also introduce their new designs and products. The models are an important factor in the advertisements of the Victoria Secret franchise because if they were not attractive than customers would not like the products. We can conclude that Victoria Secret has spent a lot of money and time on their advertisements.
Monday, October 21, 2013
Ch.14 Marketing Channel and Retailing
Victoria Secret's marketing channel involves multiple processes before the buyer can actually purchase the product and wear it. Victoria Secret products are manufactured in several different countries such as China, Israel and Jordan. After being manufactured all products are then shipped by sea to the united states where they are distributed among all the Victoria Secret branches where they will be sold to females all over the United States.
Victoria Secret branches then determine how they will retail and price each product to be sold based on the style and whether it is a new line or not.
Monday, October 14, 2013
Ch.6 Consumer Decision Making
Victoria Secret advertises their products by commercials, internet and magazines. Females who see Victoria Secret advertisements are given the impression that by wearing their products they will feel that they are sexy. By being shown the advertisements females are shown the large array of different designs that Victoria Secret carry in their inventory. After that the buyer would go collect information on the item that they are looking to buy. They would go online to find out more or just go to the Victoria Secret store and try out the product.
Once they have collected the information on the product they would compare the products with other competitions and brands. After the comparison they will find out that other competitions are not as affordable and the quality is not as good as Victoria Secret, Finally the buyer would go to the store or purchase the product online.
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