Silent Plc is a grocery retailer in the UK with a focus on brick-and-mortar and online interfaces. The study material discusses the external environment, market segments and integrated marketing communications of the company.
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Marketing Management in Silent Plc
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About Silent Plc Silent Plc started its operations as a grocery retailer in United Kingdom during the 1980s. During 2017, it is estimated that Silent Plc commanded around 13 percent share of the grocery retail market in the region. The firm focuses on servicing the needs of customers based on operating both through the use of brick-and-mortar and also the online interfaces. It also focuses on benefiting the customers to earn the benefit of click-and-collect process based on designing of potential apps for digital platforms.
Scanning of External Environment of Silent Plc The political impact of the Brexit is quite clearly evident on the grocery retailing business in United Kingdom. The fall in the value of the British Pound post-Brexit has dictated a higher price level for the suppliers and also leading to events of store closures and also job cuts(Mccall 2017). The event of financial crisis during 2008-09 had potentially affected the level of disposable income of the consumers in UK. The level of Consumer Price Inflation (CPI) in UK is noted to be more than that of the average growth of real income on a weekly basis for a period of 6 years (Rhodes 2018).
Scanning of External Environment of Silent Plc Online retailing accounted for 17 percent of the total set of retailing activity carried out during 2018. Around 6 percent of customers stressed the existence of loyalty cards as an impetus to help them visit the retail stores(The Telegraph 2018). A survey report reflects that during August 2018 the level of internet sales accounted for around 18 percent of the total retail sales carried out in the region. Likewise, the growth of click-and-collect and also omnichannel based retailing were also visible regards to the supermarkets, hypermarkets and department stores(Walker 2018).
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Scanning of External Environment of Silent Plc The supermarket and hypermarket retailers based in United Kingdom are required to considerably invest billions of pounds for carrying out their recycling program for reducing the level of packaging wastes (Laville 2018). The players in the grocery retailing sector are required to focus on the generation of effective labels to the food products such that the same meets the information needs of the consumers. The retailers are also required to focus on the generation of ethical advertisements that would restrain from misleading consumers based on providing of false and inflated promises(GOV.UK 2018).
Market Segments of the Grocery Retail Market in United Kingdom and Silent Plc’s position The Supermarket Chains in United Kingdom account for around 70 percent of the grocery retail market in the region. Silent Plc is positioned to essentially cater to the needs of the middle level consumers and thus tends to render both economy and also high-priced merchandises. The Discounters also tend to govern a significant amount of market share in the UK Retail Industry(Mayo 2015). The market segment constituted by Online Grocery Retailing was valued at around GBP 10.4 billion during 2017 and owing to tremendous growth is accounted to reach to around GBP 16 billion by the close of 2022 (Vasquez-Nicholson 2017).
Market Segments of the Grocery Retail Market in United Kingdom and Silent Plc’s position The Click-and-Collect also tends to operate as a potential marketing segment in the grocery retailing landscape of United Kingdom. Silent Plc offers distinct advantages to consumers based on the use of the click-and-collect model through which they can purchase online and collect the same from nearby brick-and-mortar outlets of the company. The Convenience Stores also known as the ‘C-Sector’ comprising of co-operatives, gas stations, convenience outlets, franchisees and other independent or non- affiliated outlets acts as an effective market segment in the grocery retail market of United Kingdom. Silent Plc also tends to operate based on convenience store formats like Express and One Stop stores and
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Integrated Marketing Communications in Silent Plc Marketing communication practices in Silent Plc are required to be carried out in an integrated fashion based on the incorporation of social media platforms like Facebook and Twitter. Other types of media like print and broadcasting media channels are required to be optimally used for propagating the information to the target audiences(Blakeman 2018). The marketing communication team of the company is required to focus on designing of marketing contents for the different types of media platforms based on effective understanding of consumer needs and expectations. The marketing contents are required to be potentially designed for attracting the customers to visit the online and brick-and-mortar stores of Silent Plc(Percy 2014).
Integrated Marketing Communications in Silent Plc Shared contents are required to be designed for the social networking platforms. Customers are encouraged for the generation of personalised messages like messages for Father’s Day occasion(Tesco Careers 2019). The marketing communication department of Silent Plc also is needed to carry out direct communication with customers through the generation of personalised electronic mails, SEO based contents and other models like paid searches and designing of affiliate marketing programs(Tesco Careers 2019).
References Blakeman, R 2018,Integrated Marketing Communication: Creative Strategy from Idea to Implementation, Rowman & Littlefield, United Kingdom. GOV.UK 2018,Food labelling and packaging, viewed 26 February 2019, < https://www.gov.uk/food-labelling-and-packaging>. Laville, S 2018,Retailers to pay up to £1bn for recycling under waste strategy, viewed 26 Febrruary 2019, < https://www.theguardian.com/environment/2018/nov/11/retailers-to-pay-up-to-1bn-more-for-recycling-und er-waste-strategy >. Mayo, E 2015,The Co-operative Advantage, New Internationalist, London. Mccall, K 2017,Brexit Britain: how supermarkets like Tesco are suffering and what it means, viewed 26 February 2019, < https://uk.blastingnews.com/business/2017/03/brexit-britain-how-supermarkets-like-tesco-are-suffering-an d-what-it-means-001552775.html >. Percy, L 2014,Strategic Integrated Marketing Communications, Routledge, New York. Rhodes, C 2018, 'Retail sector in the UK', House of Commons Library , London. Tesco Careers 2019,Direct to Customer Communications, viewed 26 February 2019, < https://www.tesco-careers.com/office/customer/direct-to-customer-communications/>. Tesco Careers 2019,Marketing Communications, viewed 26 February 2019, < https://www.tesco-careers.com/office/customer/marketing-communications/>. The Telegraph 2018,The future of retail, viewed 26 February 2019, < https://www.telegraph.co.uk/business/tips-for-the-future/future-of-retail/>. Vasquez-Nicholson, J 2017, 'United Kingdom Retail Foods 2017', USDA Forreign Agricultural Service , London. Walker, H 2018,Shoppers have an appetite for retail tech – but they’re picky, viewed 26 February 2019, < https://www.thegrocer.co.uk/channels/online/shoppers-have-an-appetite-for-smart-retail-tech-but-theyre-pi cky/571208.article >.