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Marketing Strategies of Next PLC - Segmentation, Targeting, Positioning and Marketing Mix

   

Added on  2023-06-18

11 Pages852 Words262 Views
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NEXT PLC
Marketing Strategies of Next PLC - Segmentation, Targeting, Positioning and Marketing Mix_1

Introduction
Marketing is an essential aspect which include activities related to showing
and advertising organisation brand, products and services in the best
possible manner.
Next PLC is operating in retail industrial sector with large base of
customers. The presentation focuses upon various marketing strategies of
Next Plc.
The presentation covers Segmentation, Targeting and Positioning strategy
along with the marketing mix strategies of Next Plc.
Marketing Strategies of Next PLC - Segmentation, Targeting, Positioning and Marketing Mix_2

Company Overview
Company’s mission: “to be natural choice retailer in the United Kingdom for fashion aware men and women
who expect distinction, style and quality from their quality”.
Products: Footwear, home products, clothing or accessories.
Head Office: Next Plc headquartered in England, UK.
Marketing Strategies of Next PLC - Segmentation, Targeting, Positioning and Marketing Mix_3

STP Discussion
Segmentation:
In terms with Next PLC demographics segment of this company include both
genders male and female who are young professional in the age group of 20 and
48.
Targeting:
Target market of Next PLC is range of consumers those who are around 20 to 48,
as these are fashion conscious as well as price sensitive.
It has been underlined that customers income segment market of Next PLC other
consumers who are middle class consumers.
Marketing Strategies of Next PLC - Segmentation, Targeting, Positioning and Marketing Mix_4

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