Sunday, May 17, 2020
Analysis Of M S - 763 Words
Problem number two: Fail to appeal to a specific audience in their clothing department Mark and Spencer has always provided clothes for a wide range of customers. One of its core business strategies has continuously been to supply good quality clothes at affordable prices, targeting everyone. The idea of appealing to everyone is sometimes reflected in the companyââ¬â¢s advertisements; were a diverse group of people is usually presented, wearing MS products (Belinda White, 2013).Nevertheless, this technique has its limits; in this highly competitive market, where price sensitive consumers have a wide range of store choices, brands have to differentiate themselves in other ways. Nick Bubb, a retailing analyst is skeptical about this method. He states that:â⬠MS tries to be all things to all people, to young and old, but by definition it is impossible to appeal to everybody: if you go for the older vote, you will alienate the younger customer and if you go for the younger vote you will antagonize the core older customerâ⬠(Nick Bubb, 2012). In the clothing retailer market, stores that have been doing well recently take a different approach. They all use a customer-driven marketing strategy, by initially choosing a market segment that matched the clothes and accessories they offer. Companies that have done so include John Lewis, Primark, Zara and Next. Recently, MS has been trying to address this. They have done do by implementing sub-brands in an attempt to segment theirShow MoreRelatedAnalysis Of M. Nick Hajli s M 1067 Words à |à 5 PagesAlexis Safoyan Professor Armstrong ENG123 O 8 October 2015 Source Evaluation 1. Thesis- The author, M. 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