Fashion Marketing - 1282 Words

Introduction: Topshop is a British chain of clothing stores that operates in more than 20 countries. It is part of the Arcadia Group, which also owns a number of other retail outlets including Burton, Dorothy Perkins, Miss Selfridge and Wallis. Topshop is one of the leading fashion stores on the high street market and is very popular amongst teenagers and the younger generation. Topshop has a very wide range of products which vary from dresses and footwear, to casual wear, jeans and tops. Topshop also has a range of underwear, beachwear, pajamas, handbags and accessories. Topshop’s range is mainly aimed at teenagers, students, and young people in their 20 s and early 30 s. The general style of clothes is highly fashionable,†¦show more content†¦Some of the groups of segmentation that Topshop might use are geographical, demographic, psychographic and behaviouristic segmentation (also known as consumer profile). There are different reasons that business need to segment their markets carefully, this is because customers vary, so creating various segments will provide customers with better solutions. It can bring better opportunities and growth for the business. The key thing that Topshop to do is find the variable, or variables that split the market into segments. There are two types of variables: †¢ Needs †¢ Profilers The need for segmenting a market is customer needs. To achieve this market research is needed. Profilers are measurable, discriptive customer characteristics like; age , gender, income etc. Geographical segmentation: †¢ Region of the country †¢ Urban or rural (location) Demographical segmentation †¢ Age, sex, family size †¢ Income, occupation, education †¢ Religion, race, nationality Psychographic segmentation †¢ Social class †¢ Lifestyle type †¢ Personality type Behavioural segmentation †¢ Product useage e.g light, medium, heavey users †¢ Brand loyalty: none, medium, high †¢ Type of user (occasionally, a lot.) (www.tutor2u.net/business/marketorientation) Buyer behaviour. An important part of the marketing process is to understand why a customer makes a purchase. The business will find it hard to respond to customers needs and wants without thisShow MoreRelatedMarketing And Advertising Of Fashion Marketing Essay1413 Words   |  6 PagesToday, marketing and advertising play a critical role in the fashion industry; they are various activities involved in building consumer relationships and stimulating consumer purchases by satisfying their needs. The primary goal of fashion marketing is evident: supplying the right merchandise, to the right customers, at the right time, in the right place. Often confused as marketing, Advertising is a subset of marketing; it is a single component of promotion in the marketing mix. The process ofRead MoreFashion Nova Marketing Strategy1958 Words   |  8 Pagesmake profit or fail? These questions arise even more when the company is to start only online. Because of this, e-commerce fashion brands must constantly evolv e and expand their styles to maintain the interest of their target customers. 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The key message associated with the brand is classy, minimalistic, upscale and versatile clothing. Mission of the business is to create timeless style based on outstanding designs using only best quality fabrics and row materials. It’s a casual elegance of the highest order