Consumer behavior2 Table of Contents Table of Contents.............................................................................................................................1 Executive Summary.........................................................................................................................2 Introduction......................................................................................................................................3 Marketing Mix.................................................................................................................................3 Country Road adverts......................................................................................................................5 Summer Wonder..........................................................................................................................5 Simple Things..............................................................................................................................6 Mobile App Platform...................................................................................................................6 Target Market..................................................................................................................................7 Type of purchase decision for the product...................................................................................7 Conclusion.......................................................................................................................................7
Consumer behavior3 Executive Summary Due to competition in the contemporary world of business, most companies in Australia are striving to develop, package and market their products or services uniquely to the specific target audience. The technique used by a certain company to identify their target market and present the product or service to them in a unique way is called product differentiation. Being unique in the market helps the business to counter competition in the market and gain a competitive advantage. To achieve that, a company must be able to do market analysis which helps in identifying the needs, wants and desires of the target audience. By doing so, a company can be able to create and present a product which taps into the emotions of the consumers prompting them to buy. To succeed in that process, a company must engage in strategic marketing which involves tapping into the consumers’ emotions and desires to influence and shape their purchasing behavior. Consumer purchasing behavior influences their purchasing power for a particular product. Thus, a company must be able to clearly establish and segment its target market which involves deep analysis of the consumer needs. After understanding the consumer needs and desires, the company will factor in all those in the development, packaging and presentation of the product to the consumers in order to attract their attention to buy the commodity or service. Thus, the purpose of the report is to analyze the way Country Road Fashions Australia is able able to develop and present their Trenery label aimed at attracting women above the age of forty years.
Consumer behavior4 Company: Country Road Fashions Australia Product: Trenery Label Target Consumers: Women above Forty years Introduction Country Road is a highly growing well-established Australian fashion brand. The company was started in 1974 by Stephen Bennett as a firm dealing and specializing in women shirts only (Country Road 2017). The company continued to grow tremendously to become one of the leading fashion, accessories and clothing brand in Australia. However, due to the recent changes in the business environment and entry of new key players in the market, the company is facing a stiff competition from a pool of other firms offering similar products (Country Road 2017). Hence, the need to develop better marketing strategies for their brand has become a necessity. The company must step up their marketing techniques to counter the much competitive clothing market in Australia (West, Ford and Ibrahim 2015, pp. 105). Therefore, Country Road has decided to segment the market and decide on which ideal group of consumers to target (Weinstein 2013, pp. 28). By identifying their target market, the company has analyzed the needs, wants and desires of the target customers. Consequently, the company has been able to present a product that satisfies the needs and desires of their target group of consumers. After developing the product, the company has also been involved in establishing a marketing mix model puts into consideration all the needs of the consumers and compel them to purchase their product (Ibrahim, Alkhawlani and Al-shaghdari 2017, pp. 35). Hence, the main motive of the company is to identify a specific target and develop a product that satisfy their needs rather than serving the whole diverse market which is hard to work for (Lin 2015, pp. 148). Product After a successful market analysis and identification of their prospective clients, the company engaged in the process of developing and presenting a fashion label that would satisfy the needs of their target group (Proctor 2014, pp. 43). Following heavy process of brainstorming and researching, the company was able to plan on the process of developing a brand for the target consumers in the market. In 2009, the company had already announced its campaign to launch a fashion label known as Trenery. The label was also announced to be targeting women above forty years of age. And in the year 2010, the much awaited Trenery label was launched into the market. The brand was simply smart, beautiful and attractive to the eyes of the target audience who are women whose main desire is to always look beautiful and confident in whatever they are dressed in. Marketing Mix Marketing mix is the backbone and basis of any marketing process (Chernev 2018, pp. 93). The model involves the 4Ps, that is, the Product, Price, Promotion and Place. Marketing mix
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Consumer behavior5 can be defined as"set of marketing tools that the firm uses to pursue its marketing objectives in the target market" (Foxall 2014, pp. 73)Therefore, Country Road was able to utilize the marketing mix model to influence consumers buying behavior as follows: CategoryExplanationMarketing Decision by Country Road ProductThe product here is the Trenery fashion label designed to satisfy the clothing needs and desires of women aged 40 years and above The fashion label has been designed in a simple stylish and beautiful way. The label has been packaged to satisfy the consumers desires of quality The product has been managed very well through offering the guarantee and warranties for the company’s products. PriceThe price refers to what the target buyers have to pay for the label which will be determined by the customers perceived value The products are offered at a discount at their outlets under the campaign “SAVE $1 on every cloth you buy” The pricing strategy is attractive to women who are perceived to have value for their money The company offers various ways of payments where the customers without cash can use other electronic payment methods PlaceRefers to the physical or virtual location where the consumers can buy or order for the fashion label The company has retail outlets across the country where customers can buy the Trenery fashion label. Such locations include shopping malls and supermarkets in Australia. The company also has a very interactive website with virtual ordering portal to enable the consumers pay and order for the product which can be delivered to them by the company PromotionRefers to the marketing aspect of the Country Road to create brand awareness for Trenery fashion label. It includes advertising , sales promotions and online marketing The company has several television adverts for their products The company has also a lot of advertisements for their
Consumer behavior6 product on their website On their retail outlets stores, the company has employed enough staff to explain to consumers on the importance and need of buying their products as well as the value and quality of the brand. Country Road adverts The company has used emotional and involvement strategies in the advertisements of their products in order to boost sales and increase their income (East, Singh, Wright and Vanhuele 2016, pp. 130). The company has used a lot of strategies that revoke the emotions of the target audience and compel them to buy (Foxall 2014, pp. 98). For instance, the company knows that the target buyers are women above forty years of age and probably are mothers. Therefore, all the advertisements they have used are targeting mothers- the aspect that help the company in connecting with their target audience and convince them to buy (Fu 2017, pp. 45). Some of the advertisements are covered below: Summer Wonder When Country Road was celebrating forty (40) years of operations, the company ran a short advert called “Summer Wonder” The advert was in form of a short film (Country Road 2014). Featuring in the advert was the Australian iconic supermodel Gemma Ward holding her baby. The theme of the short film ad was “Come behind the scenes as we capture iconic summers of sun, sea and family” The advert tapped on the issue of family which is usually the pride of every woman/mother within the age bracket of the target customers (Gunter and Furnham 2014, pp. 128). Figure1: Photo of the Australian iconic supermodel Gemma Ward during the shorting of "Summer Wonder" advert to celebrate Country Road 40 years of operations (Country Road 2017).
Consumer behavior7 Simple Things The simple things advert runs on the company’s’ website to promote their fashion label. The photo of a family is seen placed on Country Road’s website and the theme of the advert is “Simple Things is a story about what’s truly important. It’s about being yourself or spending time with friends and family. It’s laughter, a smile, your favourite tee or pair of jeans. It’s trust, honesty and simplicity. Simple things are what Country Road is famous for” (Country Road n.d) Therefore, the advert taps on the issue of family and simplicity. The target market for the company’s products is a group of women above the age of forty years who have love for the family and simple stylish clothes that will make them look beautiful at all times. Thus, the message catches the attention and emotions of the women since advert covers the issue of family and love (Nijssen and Frambach 2013, pp. 64). Figure2: Simple Things key used of a family wearing Button Detail Stripe T-Shirt, Rib Detail Utility Pant, Crew T-Shirt, Slim Rich Raw Jean, Broderie Applique Sweat, and Stripe Sweat Skirt (Country Road n.d) Mobile App Platform Recently, Country Road launched their mobile application platform to help their target customers to interact with the company by ordering for the label virtually irrespective of where they are. Also through the application, the target customers can get to know about the new improvements on the brand through their interactive website. Then again, the company aimed at appealing to the mothers who are their target audience. They used a photo of a happy family in order to appeal to the eyes of the target buyers who are the women and mothers with much love for their families. By using an image of the family, the buyers feel proud and connected to the brand (Malik, Ghafoor, Iqbal, Ali, Hunbal, Noman and Ahmad 2013, pp. 119). Figure3: A happy family photo used by Country Road to advertise the launch of their mobile application platform
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Consumer behavior8 Target Market According to the Australian Information Services Department, the country’s population has its majority group being that aged between 45 and 50 years. The group forms approximately 18.3% of the country’s total population (Australian Government 2017). Moreover, within that majority group, the bigger percentage in dominated by women. As a result, the company has settled on women aged forty and above as their target audience. According to statistics, it is argued that women within that age bracket are mature and they only want simple rather than trendy products. Also, quality is key to them since they want a product that will match the value for their money. Also, the company established that women within that aged bracket make a lot of shopping for their families and thus they make a lot of shopping decisions within their homes. It was also discovered that women have higher brand loyalty, that is, once they believe on your product, it is hard for them to change. Hence, the company has decided to focus on that group by developing a quality, fashionable and luxurious fashion brand that will satisfy the needs of the target group and also build brand recognition and loyalty (Naghshband, Ombati and John 2016, pp. 95). Type of purchase decision for the product The purchase decision for the Trenery fashion label is high due to high involvement of women in development and presentation of the brand (Piccinini Gregory and Kolbe 2015, pp. 1640). The company’s target and prospective customers are women above forty years of age. These women are probably mothers who have pride and value for their families. As discussed above, most of the company’s adverts are banking on the idea of motherhood by offering the value of families and women in all adverts (Payne and Frow 2013, pp. 73). By doing so, the women feel involved and their emotions are aroused prompting them to buy the product. The mother who watch such adverts feel that the brand is family oriented and their need to protect and commit themselves to their families is being fulfilled (Rani 2014, pp. 56). The company has therefore strived to present the product in such as a way that it attracts the attention of their prospective clients by making them feel part of the product. Country Road has struggled to fulfill the needs of the target consumers by using the emotional appeals as the strategy to win the heart of their target buyers (Naghshband, Ombati and John 2016, pp. 95). The company has established a website that is very interactive will all the product advertisements having a family photo attached to them in order to catch the attention and emotions of women who will feel attached to the product (Bhardwaj and Aggarwal 2017, pp. 35). Thus, country road has mostly used emotional appeal in all it adverts in order to call their buyers to action. Conclusion Due to competitive nature of the business market in Australia, most companies are adopting various strategies to counter the competition in the market. As a result of changes in the business environment, there is an increase in the number of companies offering the same
Consumer behavior9 products. Hence, the market is flooded with new key players who are ready to offer fundamental competing products and end the market monopoly created by some companies like Country Road. Thus, in the Australian business market, it is ideal for companies like Country Road to establish comprehensive and unique marketing strategies that appeal to their target customers. Therefore, the factor of brand marketing is an indisputable element that can dictate the failure or success of Country Road as a brand due to high competition in the Australian market. The aspect of brand marketing here call for a company to be specific with a certain market segment rather than the diverse target market. By having a specific target group, it is easy to establish their needs, wants and desires which can be factored in the development and packaging of the product. It is also easy to decide on the appropriate use of the marketing mix model since a company understands what the target customers want, where they are located, the price which is attractive to them and the means of advertising that will reach them. Therefore, it is easy to serve a consolidated target market rather than a diverse market which a company does not understand its needs. It is through the understanding of the target customers’ needs and desires that the company can be able to develop and present a product that influences the consumer buying behavior. By influencing the consumer behavior and purchasing power, there is brand loyalty and increased sales leading to the company’s success by gaining a competitive edge and consequently becoming a market leader.
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