This report discusses the value proposition, SWOT analysis, target market, and recommendations for Joe Fresh, a Canadian fashion brand. It also elaborates on the company's strengths, weaknesses, opportunities, and threats.
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Running head: MARKETING OF JOE FRESH Marketing of Joe Fresh Name of the student Name of the University Author note
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1MARKETING OF JOE FRESH Executive Summary The purpose of this report is to discuss about the company Joe Fresh and provides a background in relation to their business. It discusses about the value proposition in relation to a product line and how it helps in strengthening the relationship between the customers and the company. It discusses about the strength, weakness, opportunities and threats in relation to Joe Fresh and it elaborates on the target market in relation to the company. It expounds on the target profile of the company and provides recommendations that can help in the growth of the company.
2MARKETING OF JOE FRESH Table of Contents Introduction................................................................................................................................3 Value Proposition.......................................................................................................................3 SWOT Analysis and Summary..................................................................................................5 Target Market and Positioning...................................................................................................8 Conclusion..................................................................................................................................9 Recommendation......................................................................................................................10 References:...............................................................................................................................11 Appendix :................................................................................................................................14
3MARKETING OF JOE FRESH Introduction Joe Fresh is the name of a fashion brand that has been created by the designer Joe Mimran for that of Canadian food distributor Loblaw Companies Limited. The label is instrumental in selling stylish along with affordable apparel which includes that of adult along with children wear. The line of Joe Fresh is available in more than 300 Canadian supermarket along with superstores (Joefresh.com., 2018) It has also entered within the U.S market and it has got pop-up stores within that of New York City. The mission statement of the company revolved around producing high quality apparel at a price that is affordable. It is committed to serving the needs of all kinds of customers- from the poor to that of the affluent. Integrity in relation to product design along with that of great price are the key factors in relation to Joe Fresh that has enabled it to be successful within that of the Canadian market. The values of Joe Fresh revolves around catering to the needs of all kinds of customer from that of women, men to that of the children. Value is added to that of the products of Joe Fresh by the help of their superior service, expertise, exclusivity, convenience and experience (Kong et al., 2016). The key issues in Joe Fresh pertains to that of the limited range of the products and the lack of promotions that acted as a hindrance for the company. This report will focus on the value proposition along with SWOT analysis of the company. It also discusses about the target market in relation to Joe Fresh and the recommendations that can help in improving the products pertaining to the company. Value Proposition A brand is made with the help of accumulation of the experiences along with that of behaviour between the product, service and that of the company. Positioning in relation to Joe Fresh helps it to adapt to that of the changing markets along with customer behaviour. The value propositioning of women’s clothing has been created because it is relevant within the
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4MARKETING OF JOE FRESH present market. The innovations in relation to women’s apparel have helped it in attracting the attention of the young generation (Weiner, 2017).The customer of the present age prefers to buy things online and illuminating on the special features of the products can help in drawing a large number of customers. The distinct attributes of the products related to women’s clothing has enabled it in attracting the consumers of Canada. The products pertaining to women’s clothing are credible and much of what is promised to the consumers are provided to them that helps in adding to the value proposition of the brand. The women’s apparel has a long-term outlook that helps in enhancing the value pertaining to the brand (Seifert et al., 2015). The value proposition related to women’s clothing of Joe Fresh is created with the exclusive range in relation to the women’s clothing- from dress to that of formal wear. One can choose from a vast range- sweater, dresses, shirts and denims from which one can choose. There is a special section called “Wear to work” and one can rework the office wardrobe with the help of their innovative range. One can choose from pleated pant, hem skirt, chino pant, sleeve blouse and different kinds of tunics. The value proposition of the brand has been created owing to the fact that there are different kinds of offers for the plus sized women (Hsiao& Liu, 2016).Joe Fresh provides the plus sized women with the opportunity to buy garments that have the same style and with the same price. They can get all kinds of apparel from Joe Fresh and the different kinds of discounts that they get helps in attracting a large number of customers. The women can also buy work out apparel from the fashion brand that helps them in getting the sporty look in which they can work comfortably in the gym. Different kinds of clearance sales are offered like that of mid-season clearance which offers discounts upto 30 %. The discounts are offered on all kinds of women’s clothing that helps in drawing the attention of a large number of women (Opiri & Lang, 2016). One can get a discount of upto 25 % on all kinds of products and the maximum discount that is
5MARKETING OF JOE FRESH offered is upto 72 %. There are also opportunities for free shipping that can draw many consumers. There are different kinds of promotional offers and the weekend sales helps in creating value for the fashion brand. One can also take the advantage of different kinds of coupons that they can make use of for purchasing garments at the minimal pricing (Aviv, Wei & Zhang, 2018). The discounts and promotional offers help the consumers to get superior products at a lower price and the value proposition helps in creating a strong relationship between the products of the brand and the consumers. SWOT Analysis and Summary StrengthWeakness ď‚·Stylish and innovative garment ď‚·Affordable pricing ď‚·International expansion ď‚·Specialized marketing enterprise ď‚·Dearth of mission statement ď‚·Lack of strong vision ď‚·Limited Product line OpportunitiesThreats ď‚·Highly developed economy ď‚·Opportunities for plus-sized women ď‚·Offering of promotional codes ď‚·Presence of competitors like Ardene, Garage and Hatley ď‚·Changes in lifestyle ď‚·Rising price of the raw materials Figure: SWOT Analysis of Joe Fresh Source: Created by the Author Strengths of Joe Fresh The label Joe Fresh is synonymous with that of fashion in Canada. It is a leading manufacturer of clothing and other kinds of fashion accessories that suits the taste of the consumers. The huge range of products that is offered at a discounted price helps in
7MARKETING OF JOE FRESH Opportunities The saturation in relation to the developed economies along with that of changing taste provides opportunity for the popularity of Joe Fresh fashion brand. The Canadian economy is highly developed and the great amount of natural resources is a reason for the growing lifestyle of the people. This is a reason that helps in drawing a lot of consumers towards the brand. The expansion in relation to the product line can help in opening a gamut of opportunities for the company and it can also help in differentiating it from that of the competitors (Ren, Chan & Ram, 2017). The opportunities in relation to the fashion brand has been thrown open with the help of the different kinds of coupons and discount offers that is provided by the retail chain. The plus-sized women also can take the advantage of different kinds of apparel that they can get from Joe Fresh and it helps the company in expanding the consumer base. Threats The Canadian market is flooded with a large number of Canadian retailers like that of Ardene, Canada Goose, Garage, Hatley, Jacob, Laura, Marshall’s and Lululemon Athletica. The presence of different kinds of fashion markets has made the competition stiff for the fashion brand Joe Fresh. There is intense competition from these players in the market that poses a serious threat pertaining to existence of Joe Fresh. The lifestyle that is undergoing changes on constant basis is also a major threat for the fashion brand. The threats faced by the premium brand is in relation to fake products that can have an effect in relation to the brand equity. Trademark along with intellectual rights are important for the reputation and success of the company (Dissanayake & Sinha, 2015). The unauthorized use pertaining to these can cause severe harm for the image of Joe Fresh. The threats pertaining to Joe Fresh is on account of the fact of rising price pertaining to raw materials. The resources that fashion
8MARKETING OF JOE FRESH industry uses are finite and this creates threat for the fashion brand. The profitability brand is at risk by that of 3 percentage points and may geographies on which the fashion brand is dependent has to face risk on account of environmental disruption (Choi, 2016). Target Market and Positioning Demographics The target market for Joe Fresh are those people who belong to the age group of 15- 30 years old. The fresh line of products that is offered by Joe Fresh helps in attracting the young people. There are exclusive range of choices for both the men and the women and the huge range of products offered can help in drawing a large number of customers. The well- educated people who are followers of the fashion trends will like to buy from the brand so that they can get a smart look (Armstrong et al., 2015).The professional group of people who have to go to work on daily basis will like to buy the clothing line of Joe Fresh so that they can look fashionable while going to work. Psychographics The target market from the perspective of behavioural variable are those consumers who think of shopping to be a kind of social activity. An individual who is a pursuer of fashion trend will get drawn towards the fashion brand- Joe Fresh. There are people who are brand conscious and they will like to shop from these company so that it can fulfil their need (Ozdamar Ertekin & Atik, 2015).The need for a smart along with fashionable look will compel the customers to buy from the brand. Geographic Variables
9MARKETING OF JOE FRESH The target market of Joe Fresh on the basis of geographic variables comprises of the entire Canadian population and the online presence in relation to the brand has helped in its growing popularity. The climate of Canada is diverse like that of the landscape and it enjoys both the harsh cool weather along with that of the scorching heat. The men can buy from an exclusive range of jackets and blazers and the women can also purchase stylish coats and pants that can suit the harsh weather of Canada (Godey et al., 2016).The different kinds of stylized apparels can help in luring customers towards the retail chain. Behaviour Variables Joe Fresh helps in providing a pleasant shopping experience to the consumers. The online presence of Joe Fresh provide great convenience for the common people and they can look at the website whenever they feel like (Giovannini, Xu & Thomas, 2015). The range of products that is offered by the fashion brand helps in pleasing the distinctive taste of the Canadian population. The discounts, clearance sales and promotional offers that are offered by the company helps in creating interest among the Canadian population (Schembri & Latimer, 2016). A large segment of the population belong to the upper middle class and they can want to purchase the products of Joe Fresh so that they can look sophisticated. The superior quality of the products helps in providing satisfaction to the customers. The position of the company has been created with the help of its distinct services that help to set it apart from the competitors. The competitors pertaining to Joe Fresh does not cater to the needs of any particular segment and they do not take into account any kind of extremes pertaining to temperature while manufacturing their garments. The competitors do not offer the clearance sales that is offered by Joe Fresh that helps in creating a distinct identity for the brand.
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11MARKETING OF JOE FRESH it can prove to be an excellent medium that can help the customers in knowing about the distinctive features of their products. The videos can be made us of by Joe Fresh for accentuating the shopping experience of the customers. It has a great impact on the behaviour of the customer and it can help in motivating the customers so that they make frequent purchase from Joe Fresh.
12MARKETING OF JOE FRESH References: Armstrong, C. M., Niinimäki, K., Kujala, S., Karell, E., & Lang, C. (2015). Sustainable product-service systems for clothing: exploring consumer perceptions of consumption alternatives in Finland.Journal of Cleaner production,97, 30-39. Aviv, Y., Wei, M. M., & Zhang, F. (2018). Responsive pricing of fashion products: The effects of demand learning and strategic consumer behavior. Bhatia, V. (2018). Examining consumers’ attitude towards purchase of counterfeit fashion products.Journal of Indian Business Research,10(2), 193-207. Choi, H., Ko, E., Kim, E. Y., & Mattila, P. (2015). The role of fashion brand authenticity in product management: A holistic marketing approach.Journal of Product Innovation Management,32(2), 233-242. Choi,T.M.(2016).Inventoryservicetargetinquickresponsefashionretailsupply chains.Service Science,8(4), 406-419. Choi, T. M. (2016). Multi-period risk minimization purchasing models for fashion products with interest rate, budget, and profit target considerations.Annals of Operations Research,237(1-2), 77-98. Dissanayake, G., & Sinha, P. (2015). An examination of the product development process for fashion remanufacturing.Resources, Conservation and Recycling,104, 94-102. Giovannini, S., Xu, Y., & Thomas, J. (2015). Luxury fashion consumption and Generation Y consumers: Self, brand consciousness, and consumptionmotivations.Journal of fashion marketing and management,19(1), 22-40.
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13MARKETING OF JOE FRESH Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R., & Singh, R. (2016). Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior.Journal of business research,69(12), 5833-5841. Hsiao, C. C., & Liu, F. M. (2016). Development and Validation of a Fashion Readiness Scale: A Preliminary Report. InRediscovering the Essentiality of Marketing(pp. 515- 515). Springer, Cham. Huang, R., & Sarigöllü, E. (2014). How brand awareness relates to market outcome, brand equity, and the marketing mix. InFashion Branding and Consumer Behaviors(pp. 113-132). Springer, New York, NY. Joefresh.com. (2018). Retrieved fromhttps://www.joefresh.com/ca Kong, H. M., Ko, E., Chae, H., & Mattila, P. (2016). Understanding fashion consumers’ attitude and behavioral intention toward sustainable fashion products: Focus on sustainable knowledge sources and knowledge types.Journal of Global Fashion Marketing,7(2), 103-119. Opiri, J., & Lang, C. (2016). The Impact of the Self-esteem and Consumption Values on Consumers Attitude and Intention to Purchase Luxury Fashion Products. Ozdamar Ertekin, Z., & Atik, D. (2015). Sustainable markets: Motivating factors, barriers, and remedies for mobilization of slow fashion.Journal of Macromarketing,35(1), 53- 69. Parrott, G., Danbury, A., & Kanthavanich, P. (2015). Online behaviour of luxury fashion brand advocates.Journal of Fashion Marketing and Management,19(4), 360-383.
14MARKETING OF JOE FRESH Ren, S., Chan, H. L., & Ram, P. (2017). A Comparative Study on Fashion Demand Forecasting Models with Multiple Sources of Uncertainty.Annals of Operations Research,257(1-2), 335-355. Schembri, S., & Latimer, L. (2016). Online brand communities: constructing and co- constructing brand culture.Journal of marketing management,32(7-8), 628-651. Seifert, M., Siemsen, E., Hadida, A. L., & Eisingerich, A. B. (2015). Effective judgmental forecastinginthecontextoffashionproducts.JournalofOperations Management,36, 33-45. Weiner, H. E. (2017). Wearing your Ethics: Investigating Consumer Purchase Intention of Ethically Produced Fashion Products.
15MARKETING OF JOE FRESH Appendix: Existing ProcessNew Process Theproductionprocessnotbeing organized Streamlinedprocessinrelationto content production Generalizeddescriptionspertainingto products Detailed description of the products and close-shot of the products Images are currently used in the websiteMore videos can help in the process of marketing Figure: Strategic Opportunity Matrix Source: Created by the Author