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ASP REPORT NCP 3- POSHAK

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A FINAL REPORT ON ADVERTISING &


SALES PROMOTION, MEDIA
STRATEGY & PRODUCT
MANAGEMENT

“ POSHAK ”

SEMESTER - 6 BATCH 2024

SECTION - A

SUBMITTED TO -
Dr. JITENDRA YADAV
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ACKNOWLEDGEMENT

We would like to express our sincere gratitude and appreciation to the individuals and
institutions who supported and guided us throughout the preparation of this report.

First, we would like to thank our professor Dr. Jitendra Yadav for his insights, guidance, and
support.

We are grateful to each of our group members for their efforts and help in completing this
report.

We are also thankful to our classmates and friends for their encouragement, discussions, and
constructive feedback.

We would like to acknowledge ICFAI Business School for providing us with the opportunity to
explore and learn about Advertising and Sales Promotion.

Lastly, we are grateful to our families for their continuous encouragement and understanding
during this academic journey.

This report is a collective effort, and it would not have been possible without the support and
contributions of these individuals and institutions.
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TABLE OF CONTENTS

S.NO. Particulars Page No.


1 Introduction to POSHAK 4
2 Market entry strategies 5
3 Justification of entering into clothing and garment industry 6
4 Unique selling proposition 9
5 Ansoff’s Matrix 10
6 SWOT Analysis 15
7 Target market 17
8 Retail layout 19
9 Retail location 20
10 Expansion plans 21
11 Conclusion 24

BRAND NAME : POSHAK


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BRAND TYPE : MINIMALIST CLOTHING BRAND


INDUSTRY : GARMENTS & CONSUMER FASHION
RETAIL TYPE : SPECIALTY STORE

ABOUT THE COMPANY :


Poshak is a minimalist sustainable fashion and apparel brand that sells clothes for men & women
of all inclusive sizes.
The Retail store format for our clothing business is a ‘Specialty Store’. This is because we only
offer one type of product, i.e., clothes under which there are many other subcategories of various
designs and clothing.
Our Aim is to be the most Sustainable and Affordable minimalist and comfortable brand with
good quality material that lasts long. We want to position ourselves in the customer’s mind in
such a way that creates loyalty to our Brand.
In this Report, we will be looking at what all strategies that can be used in order to promote
Poshak.

SIMPLICITY IS KEY; MINIMALIST CLOTHING


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MARKET ENTRY STRATEGIES

Define Your Niche and Target Audience: Simplicity, Clean Lines, Neutral Colour Palettes, Functionality And
High Quality Products is our Niche, we follow the philosophy of “LESS IS MORE” as versatility and wardrobe
essentials along with consumer empowerment by understanding luxury is important as we are environmentally
conscious.

Market Research: Conduct thorough market research to understand industry trends, consumer preferences, and
your competitors. Identify gaps in the market that your brand can filled by us as we are fairly new and want to
impact a large group of consumers who hold the majority of the trend changes in the current market. Shopping
habits, decision making processes as well as the young minds wants and needs have a deep impact on whether or
not that brand can run, especially with the fast growing rate of internet, their impact on the internet of our brands
will have a huge butterfly effect to our business.

Develop a Unique Selling Proposition (USP): “ FUNCTIONAL SIMPLICITY “

"Functional Simplicity: Designs That Work as Hard as You Do"

Highlighting the functional aspects of our minimalist designs, emphasizing practicality and versatility for the
modern lifestyle. Determining what makes our brand unique by Positioning our brand as the solution for those
seeking a simplified wardrobe, offering easy-to-style pieces that effortlessly blend into various looks. Whether it's
a specific design aesthetic, use of sustainable materials, or a commitment to inclusivity, a strong USP like ours
sets us apart.

Create a Business Plan: Developing a comprehensive business plan that outlines our brand's mission, target
market, marketing strategies, operational plan, and financial projections. A well-thought-out plan is crucial for
guiding our business ahead so that the influence in growth as well as the impact on our businesses booming
increases while our brand name and goodwill remains positive in the eyes of our customers.

Design Your Products: Work on designing your garment products. Ensure that your designs align with your
brand's identity and cater to the preferences of your target audience.

-Source Materials and Manufacturers: Establish relationships with reliable suppliers for fabrics and materials.
Identify manufacturers or production partners that can bring your designs to life at the quality and quantity you
need.

-Create Your Brand Identity: Develop a strong brand identity, including a memorable logo, brand colors, and a
cohesive visual language. Consistency in branding helps build recognition.

-Set Up Ecommerce or Retail Presence: Decide on your distribution channels. Consider launching an e-
commerce website or explore retail partnerships. An online presence is crucial, even if you plan to have a
physical store.
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-Provide Excellent Customer Service: Focus on delivering exceptional customer service. Respond promptly to
customer inquiries, address concerns, and ensure a positive shopping experience. Collect and Use Customer
Feedback: Encourage and collect customer feedback. Use this information to improve your products, services,
and overall customer experience.

-Stay Adaptable: Be flexible and adaptable to changing market conditions and consumer preferences. Stay
informed about industry trends and be ready to adjust your strategies accordingly.

JUSTIFICATION OF ENTERING INTO THE CLOTHING AND GARMENT


INDUSTRY

1. Creative Expression:
Running a clothing brand allows us to express our creativity and design unique items that reflect our personal
style or vision. It can be rewarding and enjoyable, making business more than just a financial activity. Clothing
brand all across the world especially the large conglomerates impact the customers fashion sense and style along
with the decision making process which helps them buy things in quantity and quality but provides the only
limited options to chose from and also creates commonality in the public as the quantity is high but the
uniqueness and the designs are the same.

We want to make an impact by being unique which helps the consumers to wear what they want by feeling
confident in what they are wearing , by that the brand image increases and the consumer loyalty increases as the
satisfaction levels rise with the increase in footfall.

2. Growing Market:
The fashion and clothing industry is huge and continues to grow globally. With growing consumer awareness and
diversity in fashion preferences, there are many opportunities to tap into different market segments. Prioritizing
eco-friendly and sustainable materials in our clothing production. This includes organic fabrics, recycled
materials, and low-impact dyes. Clear communication of the journey of our products from sourcing to production.
Provide customers with information about the materials used and the ethical standards followed.

Emphasize the concept of a capsule wardrobe, encouraging consumers to invest in timeless, versatile pieces that
can be mixed and matched for various occasions. This reduces the need for excessive clothing consumption.
Implement recycling programs where customers can return old clothing for recycling or upcycling. This helps
reduce waste and promotes a circular fashion economy. Collaborate with local artisans, manufacturers, and
communities to support local economies and reduce the carbon footprint associated with global supply chains.

-Virtual Try-Ons: Integrate virtual try-on technologies to reduce the need for physical try-ons, minimizing the
environmental impact of returns. (Augmented Reality (AR): Integrate virtual try-on features using AR technology
to allow customers to visualize how the clothing will look on them.)

-Online-First Model: Embrace an online-first model to reduce the environmental footprint associated with brick-
and-mortar stores.
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3. Personal branding:
Clothes are like a car manufacturer, which keeps on changing in the eyes of the public based on reviews and the
feasibility of the product for the consumers while catering to their needs and wants. Clothing branding allows you
to create a distinct identity and brand image. This can lead to increased brand loyalty and customer recognition,
contributing to long-term success.

4. E-commerce & Social media opportunity :


The growth of e-commerce platforms offers an easy and cost-effective approach to reach a wide audience. You
can leverage online platforms to sell your products globally without going to a physical store.

-Clean and Minimalist Design: Ensure your e-commerce platform reflects the brand's minimalist aesthetic. A
simple and intuitive design enhances the user experience.

-Responsive Design: Optimize your website for mobile devices to accommodate the growing number of users
shopping via smartphones and tablets.

-Wardrobe Subscription: Introduce subscription models where customers can receive curated minimalist pieces
regularly, promoting long-term customer relationships.

-Instagram and Pinterest: Leverage visual platforms like Instagram and Pinterest to showcase the aesthetic and
style of our minimalist clothing through high-quality images and visual content. Brand Story: Use social media to
tell the story behind our brand, emphasizing its values, ethical practices, and commitment to minimalism.

-Authentic Partnerships: Collaborate with influencers who align with the brand's values and aesthetics, ensuring
authenticity in promoting our minimalist products.

-Exclusive Communities: Create exclusive communities or groups for our audience on platforms like Facebook,
fostering a sense of belonging among like-minded individuals.

-Analytics and Insights: Use social media analytics to understand user behavior, preferences, and demographics,
guiding strategic decisions.

-Cross-Promotions: Collaborate with other minimalist brands or lifestyle brands for cross-promotional
campaigns to tap into each other's audiences.

5. Customization and Niche:


Offering customizable or niche products can set our brand apart from our competitors. Catering to specific needs
or unique styles can attract a dedicated group of customers.

6. Direct-to-Consumer Model:
Adopting a direct-to-consumer (DTC) model allows us to establish a direct relationship with our customers,
potentially increasing our profit margin by bypassing the middleman.
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7. Sustainability and Ethical Practices:


Consumers increasingly value sustainability and ethical practices in the fashion industry. If our brand focuses on
eco-friendly materials, ethical manufacturing, or fair labor practices, it can attract environmentally conscious
consumers.

9. Agility and Flexibility:


As a smaller brand, we have the flexibility to adapt quickly to changing trends and consumer preferences. This
flexibility can provide a competitive advantage in the rapidly growing fashion industry.

Adaptation:
- Stay attuned to fashion trends and consumer preferences. Quickly adapt our designs and
collections to align with emerging trends, ensuring your brand remains relevant in the fast-paced
fashion industry.
- Embrace new and sustainable materials as they become available. Adapt our sourcing strategy to
integrate innovations in eco-friendly fabrics and manufacturing processes.
- Continuously assess and adapt our supply chain to optimize efficiency and reduce environmental
impact. This might involve finding new suppliers, streamlining processes, or exploring
innovative production methods.
- Quickly adapt marketing strategies based on the evolving landscape. This might involve
adjusting see social media campaigns, responding to cultural shifts, or capitalizing on current
events.

Flexibility :
- Be open to adjusting our seasonal collections based on market demands. Flexibility allows us to
introduce limited-time collections or respond to unexpected shifts in consumer behavior.
- Listen to customer feedback and be flexible in making adjustments. Whether it's about design
elements, sizing, or preferences, incorporating customer input enhances brand loyalty and
satisfaction.
- Embrace technological advancements in the fashion industry. Be flexible in adopting new tools
and platforms that enhance the customer experience, such as virtual try-on technologies or
augmented reality.
- Optimize our e-commerce strategy based on changing consumer behavior. Be flexible in
adjusting our online presence, such as optimizing the user interface, embracing new digital
marketing trends, or implementing innovative virtual shopping experiences.
- Implement flexible inventory management practices to avoid overstock or shortages. Utilize
data analytics to optimize inventory levels and respond quickly to changing demand patterns.

10. High profit margins for premium products: If our brand is positioned as a new elite quality garments
business catering to premium or luxury products, profit margins can be higher when combined with exclusive
products or high quality.

- Focus on Premium Quality


- Limited Editions and Exclusivity
- Effective Cost Management
- Vertical Integration
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- Direct-to-Consumer (DTC) Model


- Efficient Inventory Management
- Strategic Pricing
- Collaborations with Influencers
- Diversification of Product Offerings
- Regular Financial Analysis
- Adapt to Market Trends

By implementing a combination of these strategies, a minimalist clothing brand can enhance its perceived value,
optimize operational efficiency, and command premium prices, ultimately contributing to higher profit margins.

UNIQUE SELLING PROPOSITION

Exclusive Designs: Offering unique and trendy designs that set the brand apart from competitors.

High-Quality Materials: Emphasizing the use of premium fabrics and materials to ensure durability and
comfort.

Sustainable Practices: A commitment to eco-friendly and sustainable manufacturing processes, appealing to


environmentally conscious consumers.

Affordable Luxury: Providing a balance between quality and pricing, making fashion-forward styles accessible
to a broader audience.

Customization Options: Allowing customers to personalize or customize certain aspects of their clothing,
creating a more personalized shopping experience.

Inclusive Sizing: Catering to a diverse range of body types and sizes, promoting inclusivity and body positivity.

Transparency in Production: Communicating openly about the brand's supply chain, production methods, and
ethical standards to build trust with consumers.

Limited Edition Releases: Creating a sense of exclusivity through limited-edition collections, fostering a sense
of urgency among customers.

Interactive Shopping Experience: Utilizing technology to enhance the shopping experience, such as virtual try-
ons, AR features, or interactive in-store displays.

Community Engagement: Building a brand community through events, collaborations, or social initiatives,
fostering a sense of belonging among customers.
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Timeless Style: Emphasizing classic and timeless designs that withstand fashion trends, appealing to those
seeking enduring wardrobe staples.

Fast Fashion Alternatives: Offering alternatives to fast fashion with a focus on durability and longevity, tapping
into the growing demand for sustainable alternatives.

RETAIL STRATEGY

ANSOFF'S MATRIX

MARKET PENETRATION

The least risky growth strategy to apply in business is the market penetration strategy. This strategy involves
marketing existing products to existing customers.
Some of the strategies in order to do market penetration are:

● Lowering Prices:
Lowering prices is a very short-term effective plan especially if competitors sell products within
the same range. However, the new price decided must be sustainable and should be able to still
bring in more profits.

● Finding New Ways for Customers to Use your Products:

This is another way to get existing customers excited over the products again. This involves
researching and finding ways to make fashion products useful for multiple things.
For example, for female clothing, an outfit that can be used as either a skirt, a blouse, or a
suspender skirt can be made. This kind of outfit will help customers save money and have a
variety of clothing choices from just one piece of clothing. Bringing in creativity and making
sustainable clothes will automatically bring in more customers.

● Improving your Products:

Everybody loves an upgrade in a product. Taking customer feedback and applying them to our
products will help us penetrate the market better. Sometimes, even those improvements can be
that customers do not notice in the products.

● Better Advertising

It is very important to advertise fashion products effectively. Finding newer and more creative
ways to advertise fashion products can ignite a new interest in our products from the existing
audience.
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These days, social media is extremely popular and widely used by all the people around the
world. Promoting our Business on social media platforms such as Instagram, Facebook etc could
help build a customer base and create a strong positioning in the customers minds.

● Offering Discounts for Bulk Purchases/ shopping above a certain price range:

Any opportunity given to customers to save money will be well appreciated. One thing that can
be done is to offer discounts to customers when they buy items in bulk.
For example, A discount can be given to customers that buy multiple items. Also, if the customer
shops above a certain range, let’s say above 5000 rupees, then a certain percentage of discount
can be given to the customer on their purchase. Offers like Buy 5 get 2 free can also be given.
Also, there must be many discounts and offers during festive seasons.

● New and Improved Packaging

Improving product packaging can spark a new interest in the products from existing customers.
This is because seeing the same packaging over and over again can get boring and new things
excite people. The way to package products can be changed in such a way that it looks attractive
to customers.
In addition to better packaging, a small gift also can be included to go along with all orders
customers make from the brand. The gift must be a useful one.

PRODUCT DEVELOPMENT
Product development is the strategy of launching new products in existing markets.
New products can be launched in terms of new designs and colors for existing products also.
The launch of each new product is accompanied by a massive marketing campaign. Also, the time of
launch is to be selected strategically based on the cloth material and design. Each new design our
company creates is based on consumer feedback, consumer needs, and market trends. Once a product is
launched, feedback is taken. Existing products are also improved after their initial launch. It’s better to
have our own designers who work on creating new designs and prints for the products of our company.
Each new design takes time and effort. Once a new product is developed, it is to be launched across the
industry.
The steps and strategies for the product development process for our clothing business are:
i) Design concept
The initial creative process involves generating ideas, researching trends, and creating sketches of
potential designs.
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● Identification of the brand target market and what their needs and desires are, which means
researching their demographics, lifestyle, and buying habits, among other factors. This will help
develop a concept that will resonate with the target audience.

● Do market research and analyze the fashion environment to see what competitors are
offering. Through market research, we will be able to identify gaps that a new product can fill.
● Do trend research and see what are the most popular fashion trends that can be used in the
construction of new products. We have to do seasonal research, focusing on one particular
season to capture trends and cultural influences that may be affecting the market. Looking at
fashion blogs, magazines, and social media is another way to get inspiration.

ii) Pattern and Sample Making


In this design development stage, the conceptual design is turned into a physical prototype. A sample is
made to test the fit and overall look of the product.
Pattern making is the process of creating a template used as a guide to cut and sew fabric pieces together
aiming at the creation of a garment.

There are different methods to do pattern development, and they can be:

● Draping – manipulating fabric directly on a mannequin to create the desired shape.


● A flat pattern development – creating a pattern directly from measurements and drafting it on
paper.
● Computer-aided design (CAD) making – using computer software to create a pattern and
make adjustments.

iii) Material Sourcing and Testing


The materials are sourced and tested to ensure they meet quality standards for the final design.
Fabric sourcing is the process of finding and selecting the best raw material fabrics for a product. When
fabric sourcing, the material development design team must look into the supply chain and identify
different manufacturers, wholesalers, and retailers that can have the best fabrics for a particular concept.

To choose a fabric in the supply chain, the design team must consider several factors such as:

● Garment design and desired performance – The fabric you choose will depend on the
garment design and the performance features you want the fabric to have, such as stretch, drape,
or durability.
● Fabric quality – Analyze the quality of the raw materials by examining the fabric’s density,
weave, and finish.
● Manufacturing costs – Consider the budget for your project and look for fabrics that fit in it.

● Order samples – Ordering samples is crucial to feel the fabric in person and determine its
quality and texture.
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Choosing fabrics wisely is important because the quality, sustainability, price, and delivery time of
fabrics and raw materials can dictate the success of a product by bringing a vision accurately to life.

iv) Production

When everything is approved by the product developer, the final product is manufactured in a factory
and passed on to the apparel industry.

The overall manufacturing process in apparel production is the process of transforming a raw material or
component into a proposed clothing product that can be sold in target markets. The product
manufacturing process typically involves a combination of manual labor, machinery, and technology to
produce in large quantities.

This involves creating a plan for the production line development, including determining the materials
needed, finding manufacturers, estimating the cost, and developing a timeline for the various stages of
product development in fashion. In the end, Quality control must be done. Quality control ensures that
the final fashion product meets the quality standards required.
v) Marketing and Sales
The final stage focuses on promoting and selling the product to the final consumer through different
channels.
The success of a product relates to sales strategies (in physical or online stores) and effective promotion
through fashion marketing and excellent communication skills.
More than just selling the product, to have success in sales and marketing, fashion businesses need to:

● Highlight the benefits of the product.

● Provide excellent customer service.

● Offer incentives such as discounts.

● Leverage their social media and online marketplaces.

In this final step, it is also important to continually monitor current sales and customer feedback and
make adjustments as needed so the product continues to meet the needs of the target consumer.

MARKET DEVELOPMENT
Market development for a clothing brand involves expanding your brand's presence and sales in new
markets. Here are some steps to consider:

● Market Research: Identify potential markets by conducting thorough research on consumer


preferences, demographics, and competitors in those regions.
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● Target Audience: Define your target audience in the new market. Understand their needs, style
preferences, and cultural nuances.
● Product Adaptation: Tailor your clothing designs to suit the tastes and requirements of the new
market. This might involve changes in style, materials, or sizing.
● Distribution Channels: Establish or adapt distribution channels, such as e-commerce platforms,
retail stores, or local boutiques, based on the market's preferences.
● Marketing Strategy: Develop a localized marketing strategy that includes advertising, social
media, and influencer partnerships to create brand awareness.
● Pricing Strategy: Adjust your pricing strategy to be competitive in the new market, considering
factors like local income levels and consumer behavior.
● Legal and Regulatory Compliance: Ensure compliance with local laws and regulations related to
clothing, labeling, and importing/exporting.
● Cultural Sensitivity: Be culturally sensitive in your branding and marketing efforts to avoid any
unintended cultural missteps.
● Market Entry: Decide on the method of market entry, whether through a local distributor,
franchising, or opening your stores.
● Monitor and Adapt: Continuously monitor your brand's performance in the new market and be
willing to adapt your strategies based on feedback and sales data.
● Market development can be a complex process, so it's important to conduct thorough research
and plan carefully to increase your clothing brand's success in new markets.

DIVERSIFICATION
Diversification for a clothing brand involves expanding into new product categories or markets
beyond your core clothing offerings. Here are some diversification strategies that can be used:

● Accessories: Introduce accessories like shoes, handbags, belts, and jewelry to complement your
clothing line. This can provide customers with a complete fashion solution.
● Fragrances and Beauty Products: Create and sell fragrances, cosmetics, or skincare products
under your brand, aligning with your fashion identity.
● Home Décor: Expand into home textiles, such as bedding, curtains, and decorative items, with
designs that match your brand's aesthetic.
● Athleisure or Activewear: Venture into the activewear or athleisure category, catering to the
growing demand for comfortable yet stylish clothing.
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● Children's Clothing: Develop a line of clothing for children, leveraging your brand's reputation
to attract parents seeking quality kids' apparel.
● Customization Services: Offer customization options, allowing customers to personalize clothing
items with their designs, monograms, or alterations.
● Collaborations: Partner with other brands or designers for limited-edition collections, creating
buzz and attracting a wider audience.
● Eco-Friendly or Sustainable Lines: Launch a sustainable clothing collection, appealing to
environmentally conscious consumers.
● Online Marketplaces: Expand your brand's reach by selling on online marketplaces or platforms
like Amazon or Etsy.
● International Markets: Consider entering international markets to diversify geographically but
conduct thorough market research first.
● Subscription Services: Create a subscription box service that delivers clothing items or
accessories to customers regularly.
● Tech-Integrated Clothing: Explore smart or tech-infused clothing, such as garments with built-in
fitness tracking or temperature control.
● Remember that diversification should align with your brand's identity and values. Conduct
market research and assess the feasibility and demand for new product categories or markets
before implementing a diversification strategy. This can help you maintain brand consistency
and successfully reach new customer segments.

SWOT ANALYSIS

Strength , Weakness, Opportunity, Threats

STRENGTHS
Distinctive Aesthetic:
The brand's minimalist aesthetic sets it apart, appealing to consumers seeking simplicity and timeless design.

Quality Craftsmanship:
Commitment to high-quality materials and craftsmanship enhances the perceived value of products.
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Sustainability Focus:
Emphasis on sustainable and eco-friendly practices aligns with growing consumer preferences for ethical fashion.

Direct-to-Consumer Model:
Selling directly to consumers allows for higher profit margins and increased control over the brand experience.

Efficient Operations:
Streamlined and efficient operations contribute to cost-effectiveness in production and inventory management.

Online Presence:
Strong online presence and e-commerce capabilities enable a global reach and accessibility to a wider audience.

WEAKNESS

Limited Product Range:


A focus on minimalism may limit the variety of product offerings, potentially missing out on customers seeking
diverse styles.

Premium Pricing:
The emphasis on quality and sustainability may result in premium pricing, potentially limiting the brand's appeal
to price-sensitive consumers.

Dependency on Trends:
Being trend-sensitive may pose challenges in maintaining a consistent brand identity if trends change rapidly.

Brand Recognition:
If the brand is relatively new or lacks significant marketing, limited brand recognition may hinder market
penetration.

OPPORTUNITY

Growing Sustainability Trend:


The increasing demand for sustainable fashion presents an opportunity for the brand to capitalize on eco-
conscious consumers.

Diversification of Product Line:


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Exploring additional minimalist product categories or accessories can expand the brand's offering and attract a
broader customer base.

Collaborations and Partnerships:


Collaborating with influencers, other sustainable brands, or artists can enhance brand visibility and attract new
customers.

Global Expansion:
Leveraging the online model allows for global expansion into untapped markets and reaching an international
audience.

Digital Innovation:
Embracing technological advancements, such as virtual try-on features or augmented reality experiences, can
enhance the online shopping experience.

THREATS

Competition in Fast Fashion:


Intense competition from fast fashion brands that offer lower-priced, trendy items may pose a threat to market
share.

Economic Downturn:
Economic uncertainties and downturns may impact consumer spending on premium or non-essential items,
affecting sales.

Changing Consumer Preferences:


Shifts in consumer preferences or trends may require constant adaptation to maintain market relevance.

Supply Chain Disruptions:


Disruptions in the supply chain, such as raw material shortages or production delays, can impact product
availability.

Negative Publicity:
Any negative publicity regarding ethical practices, product quality, or sustainability could harm the brand's
reputation.

TARGET MARKET

Target Market for Gen Z and Current Generation (Teens and People in Their 20s):
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Demographics:

Age Group: Primarily targeting individuals aged 13 to their mid-20s.


Lifestyle: Active on social media, early adopters of trends, and value experiences over possessions.
Preferences:Minimalist Lifestyle: Attracted to simplicity, minimalism, and sustainability.
Online Presence: Heavy users of social media platforms like Instagram, TikTok, and Snapchat.

Fashion Preferences:

Versatility: Prefer versatile, mix-and-match pieces for various occasions.


Sustainability: Value ethical and sustainable fashion choices.

Shopping Behavior:

Online Shopping: Comfortable with and prefer online shopping experiences.


Limited Editions: Attracted to limited-edition releases and exclusive collaborations.

How to Attract People in Their 30s:

Highlight Timelessness:
Emphasize the timeless nature of minimalist fashion, showcasing pieces that transcend trends and can be
incorporated into a mature wardrobe.

Quality Over Quantity:


Promote the high-quality craftsmanship and durability of your clothing. Emphasize the longevity of minimalist
pieces as a wise investment.

Versatility for Work and Casual Wear:


Showcase how minimalist fashion can seamlessly transition from workwear to casual wear, catering to the
diverse lifestyle needs of individuals in their 30s.

Professionalism in Branding:
Convey professionalism in branding, including polished visuals, clear messaging, and a mature brand identity that
aligns with the preferences of the 30s demographic.

Sustainability and Ethical Practices:


Highlight the brand's commitment to sustainability, appealing to the eco-conscious mindset of individuals in their
30s who may be more aware of ethical fashion choices.

Multichannel Marketing:
Implement a multichannel marketing approach, combining online platforms with targeted offline channels such as
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fashion events, pop-up shops, or collaborations with lifestyle brands.

Brand Ambassadors in Their 30s:


Utilize brand ambassadors in their 30s who resonate with the target demographic, creating relatable and
aspirational content.

Personalized Shopping Experiences:


Implement personalized shopping experiences, including curated collections or styling services, recognizing the
individuality of customers in their 30s.
By tailoring your marketing, branding, and product offerings to cater to the preferences and lifestyles of both Gen
Z and individuals in their 30s, your minimalist clothing brand can appeal to a broad and diverse audience,
ensuring market impact across different age groups.

RETAIL LAYOUT

• Fixtures and merchandise : grouped into free-flowing patterns on the sales floor - no defined
traffic pattern
• Works best in small stores (under 5,000 square feet) in which customers wish to browse
• Works best when merchandise is of the same type, such as fashion apparel
• If there is a great variety of merchandise, fails to provide cues as to where one department stops
and another starts.

- Responsive Design:
Adapts seamlessly to various devices for a consistent and visually pleasing experience.
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- Enhanced Minimalist Aesthetics:


Maintains a clean, uncluttered design, aligning with the brand's commitment to simplicity.

- Focus on Essential Elements:


Prioritizes key product images, descriptions, and brand messages without distractions.

- Improved User Experience:


Offers intuitive navigation and smooth transitions for an enjoyable shopping experience.
RETAIL LOCATION

OUR STORE IS A SPECIALITY STORE

FACTORS AFFECTING OUR CHOICE TO CHOOSE SPECIALITY


STORES

Expertise and Knowledge:


Specialty stores often have a deep understanding of their niche market. Staff members are usually knowledgeable
about the products they sell, providing expert advice and assistance to customers.

Curated Selection:
These stores offer a carefully curated selection of products within a specific category. This focused assortment
allows customers to find exactly what they are looking for without being overwhelmed by choices.

Unique Merchandise:
Specialty stores often carry unique or hard-to-find items that may not be available in general retail stores. This
exclusivity can attract customers looking for something different or special.
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Shopping Experience:
Specialty stores often prioritize creating a unique and enjoyable shopping experience. This can include
aesthetically pleasing store layouts, in-store events, and other elements that enhance the overall customer
experience

EXPANSION PLANS
1. Market Research and Targeting-
Conduct In-Depth Market Analysis:
Identify untapped markets and emerging trends in minimalist fashion.
Refine Target Audience:
Understand the demographics, preferences, and behaviors of potential customers in new markets.

2. Diversification of Product Line-


Introduce Complementary Products:
Expand the product line with accessories, footwear, or other minimalist lifestyle products.
Collaborate for Special Collections:
Collaborate with artists or other brands for limited-edition collections to create excitement and exclusivity.

3. Global Expansion-
E-commerce Optimization:
Enhance the online shopping experience, ensuring a seamless and user-friendly interface.
Localized Marketing:
Tailor marketing strategies for specific regions, considering cultural nuances and preferences.
Explore Partnerships:
Consider partnerships with local influencers or retailers to increase brand visibility.

4. Sustainable Practices-
Emphasize Sustainability:
Strengthen the brand's commitment to sustainability, aligning with global environmental trends.
Educate Consumers:
Launch campaigns to educate consumers about the brand's sustainable practices, fostering loyalty.

5. Strategic Pricing and Promotions-


Pricing Strategies:
Implement dynamic pricing strategies, considering regional economic factors and competitive landscapes.
Seasonal Promotions:
Introduce seasonal promotions, sales, or exclusive discounts to attract new customers.
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6. Brand Visibility and Marketing-


Social Media Campaigns:
Amplify social media presence through visually appealing campaigns, emphasizing the brand's minimalist
identity.
Influencer Marketing:
Collaborate with influencers in new markets to reach wider audiences.

Online Advertising:
Invest in targeted online advertising campaigns to increase brand awareness.
7. Technology Integration-
Virtual Experiences:
Implement virtual try-on experiences or augmented reality features for online shoppers.
AI-driven Personalization:
Utilize AI to personalize the online shopping experience based on customer preferences.

8. Community Engagement-
Create Local Communities:
Establish online communities or forums for customers to engage and share their minimalist lifestyles.
User-Generated Content:
Encourage user-generated content, showcasing how customers incorporate the brand into their daily lives.

9. Customer Loyalty Programs-


Tiered Loyalty Programs:
Introduce tiered loyalty programs offering exclusive perks for repeat customers.
Referral Programs:
Implement referral programs to incentivize existing customers to bring in new business.

10. Operational Efficiency-


Supply Chain Optimization:
Continuously optimize the supply chain for efficiency and cost-effectiveness.
Inventory Management:
Implement advanced inventory management systems to minimize stockouts and excess inventory.

11. Data Analytics and Feedback-


Customer Feedback Loops:
Establish feedback loops to gather insights from customers in new markets.
Data Analytics:
Leverage data analytics to track performance, identify trends, and make informed decisions.

12. Measuring Success-


Key Performance Indicators (KPIs):
Define and regularly monitor KPIs related to sales, customer acquisition, and brand visibility.
Periodic Assessments:
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Conduct regular assessments to measure the success of the expansion plan and make adjustments as needed.

- Diversify Product Line: Introduce new product categories or expand existing lines to cater to a broader
audience. For example, if you started with casual wear, consider adding activewear, accessories, or formal wear.
- Explore International Markets: Identify and enter international markets where there is demand for your
brand. Adapt your products and marketing strategies to suit the preferences of the new market.

- E-commerce Expansion: Optimize and expand your online presence. Explore selling through additional e-
commerce platforms, collaborate with online retailers, and enhance your website for a seamless customer
experience.

- Physical Retail Presence: Consider opening brick-and-mortar stores in strategic locations. A physical retail
presence allows customers to experience your brand firsthand and can contribute to brand recognition.

- Collaborate with Retail Partners: Partner with established retailers to increase your brand's visibility.
Collaborations with department stores or specialty boutiques can give your brand exposure to a wider audience.

- Leverage Influencer Marketing: Continue or expand influencer marketing campaigns. Collaborate with
influencers who align with your brand and have a significant following to increase brand awareness.
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SIMPLICITY IS KEY; MINIMALIST CLOTHING


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Campaign objectives :

Brand Awareness: Introduce the brand to the target audience and create recognition for its minimalist aesthetic
and values.

Customer Engagement: Foster meaningful interactions with potential customers through social media, email
marketing, and other channels to build a community around the brand.

Sales Growth: Drive online and offline sales through targeted marketing campaigns, promotions, and
collaborations with influencers or other brands.

Brand Differentiation: Highlight what sets the minimalist clothing brand apart from competitors, such as
sustainable materials, ethical production practices, or unique design elements.

Market Penetration: Expand the brand's reach into new markets or demographics by identifying and targeting
niche audiences interested in minimalist fashion.

Customer Loyalty: Cultivate long-term relationships with customers by providing exceptional service, quality
products, and opportunities for feedback and engagement.

Sustainability Advocacy: Educate consumers about the environmental and social impact of fast fashion and
promote the brand's commitment to sustainability and ethical practices.

PR and Media Exposure: Generate positive media coverage and buzz around the brand through press releases,
feature articles, and partnerships with relevant publications or influencers.

Ad Campaign :

Targeted copy: Write targeted copy for different styles of clothing, such as trendy, elegant, or professional.

Social media: Create videos and posts for social media platforms like Instagram, Pinterest, Twitter, and Facebook.

Create a blog: A blog can do wonders for a brand.

New releases: Design unique campaigns for new releases.

Influencers: Feature influencers in ads or partner with them to create content to promote products.

Interactive ads: Create interactive ads to engage consumers.

Storytelling: Incorporate storytelling to create an emotional connection between the brand and consumers.
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Sales and discounts: Promote sales and discounts to capture the attention of buyers.

User-generated content: Encourage customers to mention, tag, or DM the brand on social media.

Create a lookbook: Create a product lookbook as an ad.

Social competition: Launch a social competition.

Brand visibility: Increase the visibility of the brand to make it known to a broader audience.

Consumer engagement: Create ads that capture the attention of consumers and encourage engagement.

Promotion: Introduce and promote new collections or specific products.

Content: Create original, playful, and useful content to involve the community and listen to the audience.

Consistency: Keep the brand's look consistent across all marketing efforts.

Photography: Use rich content to bring the story to life.

ENTERING INTO THE CLOTHING AND GARMENT INDUSTRY

1. Creative Expression: Running a clothing brand allows us to express our creativity and design unique items that
reflect our personal style or vision. It can be rewarding and enjoyable, making business more than just a
financial activity. Clothing brand all across the world especially the large conglomerates impact the customers
fashion sense and style along with the decision making process which helps them buy things in quantity and
quality but provides the only limited options to choose from and also creates commonality in the public as the
quantity is high but the uniqueness and the designs are the same.

We want to make an impact by being unique which helps the consumers to wear what they want by feeling
confident in what they are wearing , by that the brand image increases and the consumer loyalty increases as the
satisfaction levels rise with the increase in footfall.

2. Growing Market: The fashion and clothing industry is huge and continues to grow globally. With growing
consumer awareness and diversity in fashion preferences, there are many opportunities to tap into different
market segments. Prioritizing eco-friendly and sustainable materials in our clothing production. This includes
organic fabrics, recycled materials, and low-impact dyes. Clear communication of the journey of our products
from sourcing to production. Provide customers with information about the materials used and the ethical
standards followed.

Emphasize the concept of a capsule wardrobe, encouraging consumers to invest in timeless, versatile pieces that
can be mixed and matched for various occasions. This reduces the need for excessive clothing consumption.
Implement recycling programs where customers can return old clothing for recycling or upcycling. This helps
reduce waste and promotes a circular fashion economy. Collaborate with local artisans, manufacturers, and
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communities to support local economies and reduce the carbon footprint associated with global supply chains.

-Virtual Try-Ons: Integrate virtual try-on technologies to reduce the need for physical try-ons, minimizing the
environmental impact of returns. (Augmented Reality (AR): Integrate virtual try-on features using AR
technology to allow customers to visualize how the clothing will look on them.)

-Online-First Model: Embrace an online-first model to reduce the environmental footprint associated with brick-
and-mortar stores.

3. Personal branding: Clothes are like a car manufacturer, which keeps on changing in the eyes of the public based
on reviews and the feasibility of the product for the consumers while catering to their needs and wants. Clothing
branding allows you to create a distinct identity and brand image. This can lead to increased brand loyalty and
customer recognition, contributing to long-term success.

4. E-commerce & Social media opportunity : The growth of e-commerce platforms offers an easy and cost-
effective approach to reach a wide audience. You can leverage online platforms to sell your products globally
without going to a physical store.

-Clean and Minimalist Design: Ensure your e-commerce platform reflects the brand's minimalist aesthetic. A
simple and intuitive design enhances the user experience.

-Responsive Design: Optimize your website for mobile devices to accommodate the growing number of users
shopping via smartphones and tablets.

-Wardrobe Subscription: Introduce subscription models where customers can receive curated minimalist pieces
regularly, promoting long-term customer relationships.

-Instagram and Pinterest: Leverage visual platforms like Instagram and Pinterest to showcase the aesthetic and
style of our minimalist clothing through high-quality images and visual content. Brand Story: Use social media to
tell the story behind our brand, emphasizing its values, ethical practices, and commitment to minimalism.

-Authentic Partnerships: Collaborate with influencers who align with the brand's values and aesthetics, ensuring
authenticity in promoting our minimalist products.

-Exclusive Communities: Create exclusive communities or groups for our audience on platforms like Facebook,
fostering a sense of belonging among like-minded individuals.

-Analytics and Insights: Use social media analytics to understand user behavior, preferences, and demographics,
guiding strategic decisions.

-Cross-Promotions: Collaborate with other minimalist brands or lifestyle brands for cross-promotional campaigns
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to tap into each other's audiences.

5.Customisation and Niche: Offering customizable or niche products can set our brand apart from our
competitors. Catering to specific needs or unique styles can attract a dedicated group of customers.

6.Direct-to-Consumer Model: Adopting a direct-to-consumer (DTC) model allows us to establish a direct


relationship with our customers, potentially increasing our profit margin by bypassing the middleman.

7.Sustainability and Ethical Practices: Consumers increasingly value sustainability and ethical practices in the
fashion industry. If our brand focuses on eco-friendly materials, ethical manufacturing, or fair labor practices, it
can attract environmentally conscious consumers.

8.Agility and Flexibility: As a smaller brand, we have the flexibility to adapt quickly to changing trends and
consumer preferences. This flexibility can provide a competitive advantage in the rapidly growing fashion
industry.

Adaptation: Stay attuned to fashion trends and consumer preferences. Quickly adapt our designs and collections to
align with emerging trends, ensuring your brand remains relevant in the fast-paced fashion industry.

Embrace new and sustainable materials as they become available. Adapt our sourcing strategy to integrate
innovations in eco-friendly fabrics and manufacturing processes.

Continuously assess and adapt our supply chain to optimize efficiency and reduce environmental impact. This
might involve finding new suppliers, streamlining processes, or exploring innovative production methods.

Quickly adapt marketing strategies based on the evolving landscape. This might involve adjusting social media
campaigns, responding to cultural shifts, or capitalizing on current events.

Flexibility :
Be open to adjusting our seasonal collections based on market demands. Flexibility allows us to introduce limited-
time collections or respond to unexpected shifts in consumer behavior.

Listen to customer feedback and be flexible in making adjustments. Whether it's about design elements, sizing, or
preferences, incorporating customer input enhances brand loyalty and satisfaction.

Embrace technological advancements in the fashion industry. Be flexible in adopting new tools and platforms that
enhance the customer experience, such as virtual try-on technologies or augmented reality.
Optimize our e-commerce strategy based on changing consumer behavior. Be flexible in adjusting our online
presence, such as optimizing the user interface, embracing new digital marketing trends, or implementing
innovative virtual shopping experiences.

Implement flexible inventory management practices to avoid overstock or shortages. Utilize data analytics to
optimize inventory levels and respond quickly to changing demand patterns.
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10. High profit margins for premium products: If our brand is positioned as a new elite quality garments
business catering to premium or luxury products, profit margins can be higher when combined with exclusive
products or high quality.

- Focus on Premium Quality


- Limited Editions and Exclusivity
- Effective Cost Management
- Vertical Integration
- Direct-to-Consumer (DTC) Model
- Efficient Inventory Management
- Strategic Pricing
- Collaborations with Influencers
- Diversification of Product Offerings
- Regular Financial Analysis
- Adapt to Market Trends
TARGET MARKET
Target Market for Gen Z and Current Generation (Teens and People in Their 20s):

Demographics:

Age Group: Primarily targeting individuals aged 13 to their mid-20s.


Lifestyle: Active on social media, early adopters of trends, and value experiences over possessions.
Preferences:Minimalist Lifestyle: Attracted to simplicity, minimalism, and sustainability.
Online Presence: Heavy users of social media platforms like Instagram, TikTok, and Snapchat.

Fashion Preferences:

Versatility: Prefer versatile, mix-and-match pieces for various occasions.


Sustainability: Value ethical and sustainable fashion choices.

Shopping Behavior:

Online Shopping: Comfortable with and prefer online shopping experiences.


Limited Editions: Attracted to limited-edition releases and exclusive collaborations.
How to Attract People in Their 30s:
Highlight Timelessness: Emphasize the timeless nature of minimalist fashion, show

Creative Strategy

Influencer marketing: Collaborate with people who have a large following and whose audience matches our
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target audience. For example, you could ask an influencer to post pictures of us wearing our brand clothes.

Social media: Create TikTok videos, use Instagram Reels, and get active on Instagram stories.

Print advertising: Use fashion magazines to target specific demographics and showcase your products in visually
appealing layouts.

User-generated content (UGC): Encourage customers to share photos of their purchases and reviews.

Special deals and giveaways: Offer discounts, free shipping, or other promotions.

Online notifications: Announce items and collections on our website.

Product surveys: Get leads with product surveys.

Media Strategy and Media Plan

Visual content: Use visuals that help envision our products in action.

Video content: Craft videos that make our brand stand out.

Local search optimization: Optimize your internet presence for local search.

Website optimization: Use keywords, phrases, and other tools to help Google and other search engines find us.

Social media: Use organic and paid advertising, and create a consistent posting schedule. Choose platforms that
suit our brand, and post high-resolution photos. We can also create Instagram and Facebook Shops, and tag our
products in shoppable posts.

Influencer marketing: Partner with influencers whose style and audience align with our brand. Their authenticity
and reach can introduce our products to a wider, targeted audience. We can create content that integrates our
products with the influencer's. Track their performance and analyze the data to refine your strategy .

CONCLUSION

In conclusion, a successful retail clothing fashion brand must intricately balance creativity, adaptability, and
business acumen. By staying attuned to consumer preferences, embracing emerging trends, and maintaining a
strong online and offline presence, the brand can foster customer loyalty. Efficient inventory management, strategic
pricing, and a well-designed retail layout contribute to a positive shopping experience. Ultimately, sustained
profitability relies on the brand's ability to evolve with the dynamic fashion landscape while upholding its unique
identity and delivering value to its customers.
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DONE BY :

NAME ENROLLMENT NUMBER


MONISHA 21FMUCHH010350
JATIN SENGHANI 21FMUCHH010211
HARSH DAYAL 21FMUCHH010184
SWETHA K 21FMUCHH010
SRAVAN KUMAR REDDY 21FMUCHH010

THE END.

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