Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Marketing Strategies And Digital Marketing: ZARA

tag 343 Download11 Pages 2,559 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT
Question: Describe about customer profile details of Zara. Ansoff matrix analysis of Zara, UK and igital marketing for Zara, UK?     Answer: Introduction Zara in UK is much more than clothing. Zara is a part of Inditex group. Zara has more than 5000 stores in different corners of the world. They have their presence in Europe, USA and Middle East countries. The designs that one can expect from Zara cannot be expected from some other brand and that is one of the reasons due to which people from different corners of the world are excited to try Zara clothing. The well thought out designs at Zara are very much in sync with the needs and requirements of today’s fashion requirements. Fashion is for both men and women and hence, Zara has a wide range of designer clothes for both, men and women. The clothes that are available at Zara will be liked by only people who are fashion freak. They have the best of designers and technologies so the best of designs are available to the target market at an affordable price. Most of the retail brands today are facing tough competition from the new upcoming brands but that is not the case with Zara. Zara is witnessing continuous growth in the last few years and hence, they are motivated to come up with plenty of more designs. They try to understand the fashion market and they continuously update their store so that the customers can find something every time, they walk into the store (Unique Business Strategies 2014). Customer profile details of Zara The customer profile of Zara is different than that of the regular retail brands and hence, this helps them to acquire a competitive position in the market. Zara targets only people who are willing to be updated with the upcoming fashion and fashion trends. The most fashionable clothes are available in Zara and that too at an affordable price. This store doesn’t target females only. Anybody, who is willing to be updated with fashion, can walk-in into Zara stores. Men, women, teenager and even a child can get fashionable with Zara. The market segmentation of Zara, UK is different than that of the other retail brands. Most of the retail brands prefer to undertake segmentation based on sex, age, demographics of the customer but that is not the case with Zara. All the group ages, sexes and demographics is the market for Zara and hence, they didn’t want their customer to be bifurcated on these grounds. Zara targets people based on the passion and interest that they have for fashion. Contemporary, trendy, Latino, Classic and grunge are few of the ways by which the customers are divided. The taste and preference of customers at Zara, UK is unique and depending on the taste and preference, the customers are segmented for further, targeting (BBC News 2013).       Zara, UK believes in targeting people who are very much fashionable. Many people who want to speed up so that they can catch up with the latest fashion trends are targeted by Zara, UK. The price of fashion clothing available at Zara, UK is very affordable. Plenty of people are willing to be fashionable but all cannot afford to buy clothes from high-end fashion boutiques so those people can walk in into Zara stores. Zara, UK will not be available at all the locations and it can be noticed that Zara stores are available only at high end locations. In every four to five weeks’ time, the clothes available in the store will change and hence, this allows them a chance to have four to five weeks’ turnaround time. Apart from the fashion clothes available in the store, the brand persona associated with Zara, UK is one of the reasons due to which the crowd is attracted to Zara stores and not any other retail store (The telegraph 2012).  Zara, UK’s motto is to democratize fashion and hence, they have position themselves as a brand where one can find plenty of fashion items. It is positioned among the target market as a store that sells highly fashionable clothes at an affordable price. This ensures that everybody, who is willing to be fashionable, can walk-in into Zara. The stores are located in only high profile locations and hence, customers have a perception that they will get something trendy and hip if they walk into Zara. The clothes available at Zara are very affordable and hence, the customer can change their wardrobe at frequent intervals to stay in the trend. The management of Zara believes that they don’t want to spend excess money on branding and hence, the stores are designed in such a way that they can speak for themselves. Zara is present all the corners of UK and hence, shopping freaks cannot ignore Zara at any cost. The windows of the store is designed in such a way that any fashion freak will not walk away without entering the stores. Zara identifies luxurious spots in the UK and they place their spots over there. Looking at the financial growth of Zara, it can be said that this brand in the UK even when the whole world was suffering due to financial crisis. The design, supply chain and the production of Zara is well planned. The designing and production at Zara is very quick as compared to that of other fashion brands. The design work starts and the garment reaches the store in 10-14 days’ time. Zara is well aware of the fact that the fashion is fast changing and hence, any customer will find plenty of fashion garments when they walk into the store. If the same set of clothes are hanging in the store for longer then there are very high chances that people may not like to walk into Zara. Zara’s ever changing clothes is one of the reasons due to which customer loyalty increases (Retail Week 2014).   Ansoff matrix analysis of Zara, UK Ansoff matrix is well implemented by Zara, UK. Market penetration, product development, market development and diversification strategy is well planned and implemented in Zara, UK. Few of the success stories of implementation of each of the strategy are discussed below. Zara, UK believes in market penetration rather than that of trying to capture a new market. This is one thing that differentiates the marketing strategies of Zara from that of the other competitors and retail clothing brands. Zara, UK’s clothing line moves faster than that of the brands like H & M. Zara has a team of internal designers and designers are confident enough that they can have any design from the drawing board to shelf in just 14 days time. This allows Zara, UK stores to have new designs every week. A customer who just walked in last week would prefer to walk in again so that they can track if anything new is available. Zara believes in having in-house designs only. On the other end, H & M prefers to get items from local markets like China and other Asian countries. All the items in Zara, UK would be fast moving fashion items but that is not the case with H & M and other retail brands. H & M has other products as well and hence, there are very high chances that it may not move as faster as fashion items. Zara, UK is well aware that fast-moving fashion is their strength and they will have to retain it at any cost. Zara, UK has most of its manufacturing unit in Europe. The cost of manufacturing in Europe is much higher than that of manufacturing in Asian countries. Zara, UK wants to ensure that the shipping time is reduced to the extent possible and hence, they have located their manufacturing centers in Europe. Zara, UK has control over all the aspects of business and this is one of the reasons that make Zara competitive. Designing, production and supply chain is in-house and hence, they can be rest assured that any mistakes can be rectified (The Huffington post 2012).    Market development strategy is also well implemented at Zara. They look for an existing market whose needs aren’t fulfilled so that their needs can be targeted. In UK, there is a gap between the high-schoolers and college going kids. Their fashion needs are identified by Zara and this is one market which is served by Zara only in the UK. Secondly, they believe in identifying the best market location so that Zara can grow. Zara stores will be located in high profile areas only so the marketing team will continuously look for places wherein they can expand.   Product develo
OR

MyAssignmenthelp.com houses experts from all possible disciplines to help students in the best possible manner. Owing to our experts' extensive knowledge in their respective field, we are capable of providing subject-wise quality academic assistance such as marketing assignment help, mechanical engineering assignment help, English assignment help, taxation assignment help, electrical assignment help, etc.

Most Downloaded Sample Of Management

Toulin Method Of Argumentation

Download : 279 | Page : 1

You are required to write a researched argument essay that convinces persuades the reader of your position / stance. This is an academic, researched and referenced document that demonstrates your understanding of the objectives of the course. The structure of the argument will follow the TOULMIN METHOD of argumentation.

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Consumer Behavior Assignment

Download : 208 | Pages : 9

Executive Summary The purpose of this report is to elaborate the factors which are considered by individuals before selecting an occupation. Choosing an occupation is indeed a major decision of everyone’s life and it does give a shape to where he would be heading in the course if time. The report begins with a list of various occupations which have been going since the human civilization started though it has indeed changed its form to...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Internet Marketing Plan For River Island

Download : 369 | Pages : 13

Introduction With the increase enhancement in the field of technology, it has been considered essential by the businesses to implement such technology in their business processes. Further, the increasing demand from the customers regarding the better quality of products and services delivered to their doorstep has also necessitated for the businesses to implement the e-business strategy in their business processes. E-business which is common...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Strategic Role Of HR In Mergers & Acquisitions

Download : 330 | Pages : 9

Executive Summary In a merger & acquisition, role of an HR has emerged as a very critical function. At each stage of merger and acquisition process, HR plays a strategic role. The importance of role of HR part in integration of the merged companies should not be taken lightly and should be handled very carefully and with due planning. At pre acquisition stage, due diligence should be taken before the start of the process and HR must carve ou...

Read More arrow Tags: Australia Arlington Management University of New South Wales 

Relationship Between Knowledge Management, Organization Learning And HRM

Download : 360 | Pages : 7

Introduction In this competitive business environment where every business organization is trying to attract the customers of each other, it becomes essential for these organizations to remain competitive by innovating new ideas and thoughts, so that value added products and services can be provided to the customers. The motive of such organization in providing value added services to their customers, require their employees to be quite effect...

Read More arrow Tags: Australia Arlington Management University of New South Wales 
Next
Free plagiarism check online Free plagiarism check online on mobile
Have any Query?