This Superdry Marketing Report provides an in-depth analysis of the internal and external factors affecting the organization, marketing challenges, positioning strategy, marketing objectives, and marketing mix. It also highlights the need for Superdry to improve its marketing approaches to increase brand awareness and sales.
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Superdry Marketing Report0 Programme: BSc Business Management Module name: Marketing Fundamentals Schedule Term: January - April 2019 Student Reference Number (SRN): Report/Assignment Title: Superdry Marketing Report
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Superdry Marketing Report2 Introduction Superdry is an international fashion label that operates in 46 countries around the globe with 515 outlets in different locations. The organization belongs to the fashion label SuperGroup Plc. The organization’s United Kingdom market is very big with 139 stores in the UK and Europe. The company was established in 1985 and has been successfully functioning since then. The organization has witnessed a transformation from being an oblivion brand to ubiquity brand. The organization’s marketing approaches are mostly conducted through digital mediums and less emphasis is given on advertising. Also, though many of the top celebrities wear their clothes, they do not believe in having a popular face as their brand ambassador, except once in 2015. Thus, all these different aspects highlight that though the organization is popular they have weak marketing approaches. This drawback in the organization has also impacted its profits, which has witnessed a decline in their sales and profits. This decline is a warning sign for the organization, as in the current times, the fashion and clothing industry is on a rising spree. Superdry Internal & External Analysis Internal Analysis Mission The main mission of the organization is to provide the customers with sustainable and high-quality products that have an urban style and are a mix of American and Japanese vintage style, with a prominent British influence. Vision The organization’s activities are built with the same vision that the brand awareness of Superdry increases amongst the targeted audience with the help of digital media and the organization opens more stores all over the world.
Superdry Marketing Report3 SWOT Analysis Strengths – The organization has a huge brand image which is very powerful. The organization has a huge market capital. The organization caters to various customer segments. The collaboration of the organization with Timothy Everest, who is a popular British tailor for a new range of products(Ahmed et al., 2014). The business of the organization through the internet is very efficient. They have extremely creative design and have a humongous diversification in their products. Weaknesses – The organization has very weak marketing approaches. The organization has weak brand awareness, especially in accordance to its business which is scattered in 49 countries. The organization lacks the support of a popular image. The organization is known as the brand of joggers and hoodies(Barnes, 2013). Opportunities- The new United Kingdom production which will be tagged as “Made in UK”. The customer loyalty cards offered by the organization. The increasing profits through internet sales. The continuous approach of the organization to change customers’ perspective about fashion and new trends(Bhardwaj and Fairhurst, 2010). Threats- The reduction in the sales of the organization in comparison to the competitors.
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Superdry Marketing Report4 The aggressive marketing approaches of the competitors. The increase in fake products in the market by small organizations. External Analysis Political AccordingtothecurrentcircumstancesintheUnitedKingdom,thepolitical environment is unstable as the country is experiencing the implications of Brexit. Economic Though the organization has a huge market capital, the recent decrease in the sale of the products has created financial stress in the organization, which will impact the marketing practices(Brown et al., 2018). Social The organization has an image of mainly offering sweatshirts, hoodies, t-shirt, and windcheaters. This does not specify the current trends in the market and of the customers. Technological The organization has effectively utilized the technology to attract customers and to increase their sales. Still, the competitors of the organization are leading as they have better marketing approaches. Legal After the applications of Brexit, the organization is bound to follow new rules introduced by the British government and the European Union. This has impacted the functioning of the organization(Curwen, Park and Sarkar, 2013).
Superdry Marketing Report5 Environmental Asapopularorganization,theorganizationhascertaincorporatesocial responsibilities, which means the organization has to function under specific guidelines, which means the protection of the environment. Superdry Marketing Challenges The five marketing challenges identified in the organization are – The increasing communication overload by the competitors. The customers of today are being bombarded with continuous information through the mediums of social media and personal emails. Thus, there is a huge noise which has created chaos in the minds of the customers. Thus, for an organization like Superdry who already have weak marketing practices are unable to cut through this noise and successfully implement a marketing strategy(D'Souza, 2015). The organization is using limited channels. In the current market, the organization Superdry is majorly utilizing digital platforms, which are not sufficient enough to develop a strong market image. Thus, the organization needs to increase its channels for conveying the marketing messages. The marketing approaches of the organization do not attract diverse audiences. In the current times, it has been beneficial for the organization to address their marketing approaches to a wider and diverse audience. The marketing approaches of Superdry are mainly targeted towards men who belong to the age group 15 to 30 years and who refers to hoodies, sweatshirts, and t-shirts. This is a limited target market. The organization has a very weak value proposition. The organization has a value proposition which is weak as it is not clear to the majority of the people. This also affects the potential of their marketing message.
Superdry Marketing Report6 The organization has still not adapted to approaches like “Click & Collect”. The organization is not utilizing the increasing new trends of marketing like mobile marketing which offers the facility of “Click & Collect”(Erdil and Özdemir, 2016). Positioning Strategy of Superdry The positioning strategy of super dry is – The organization has positioned itself as an organization that offers products which are sustainable and are of high-quality. The organization has also utilized a high/low pricing strategy, as they offer customers with products which are expensive but they also offer huge discount offers on a set of other clothing products. This has helped the organization in attracting customers and also maintaining the quality of their product. But, it is also a fact that the organization has shown over-resilience to its t-shirt, hoodies,sweatshirts,andwindcheatersinitspositioningapproach.Thus,the organization which offers 2000 products has automatically limited them, which impacts the sale of their other products. The positioning strategy of Superdry is mainly targeted towards the male audience and for a specified age group which is 15-30. Thus, this limited approach to a certain audience has reduced the market share of the organization. The competitors of Superdry which include Aspinal of London,The Dune Group, Mulberry, All Saints, Kurt Geiger, River Island, Reiss, and many others have positioned themselves as an organization that serves both the customers that is men and women, as they have positioned themselves with an appropriate value proposition and an effective marketing
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Superdry Marketing Report7 message.Also,themajorityoftheseorganizationhavepositionedthemselvesasan organization that offers economically priced products(Jackson and Ahuja, 2016). Marketing Objectives for Superdry Thus, according to the different analysis, the positioning strategy, and the marketing challenges, some of the marketing objectives formulated for the organization are – Specific To develop a clear positioning strategy that highlights the diverse products offered by the organization. Superdry has to position their different products towards both men and women, also they should be positioned for age groups between 15-45 years old(Koszewska, 2018). Measurable The organization aims at increasing its customers by 24%. That means for the next 12 months the organization has to increase its customers by 2% every month. Attainable The fashion industry will be witnessing a huge increase in sales. Therefore, the organization should have the main target of increasing its sales by 20% in the next 12 months. Relevant The organization has to increase their communication channels. This is crucial for increasing their customer, sales, profits, and brand image. Thus, the organization has to utilize the most relevant and effective mediums of communication. Time-bound The organization has to achieve all these different objectives in the next 12 months. For this, it is also important that the organization, regular monitor the
Superdry Marketing Report8 different activity and evaluate the effectiveness of different approaches on a monthly basis, to make further improvement or changes if required(Rowley, 2009). Superdry Marketing Mix The marketing mix of Superdry – a)Product Current Attributes- The organization offers diverse products, which can be categorized into 2000 different types. These products are for both men and women. They have a sporty appeal and are extremely comfortable. Each piece has a different design which is inspired by the vintage American and Japanese style, with a hint of British influence. Some of the products of the organization include t-shirts, polo shirts, rugby shirts, jeans, sweaters, joggers, jackets, hoodies, footwear, and many others. But, mainly focuses on hoodies, sweatshirts, and windcheaters. Recommendations The organization has to give equal focus to all their products and thus, have to adapt the diversification product strategy. The organization should highlight and market their other products equally in their marketing campaigns(Vehmas et al., 2018). The organization is positioned as a firm that offers sportswear, whereas it shouldbepositionedasacompanywhichprovidesbothcasualand sportswear.
Superdry Marketing Report9 b)Price Current Attributes – The organization offers products at a high/low pricing strategy. Thus, the products offered by the organization are expensive, but to attract more customers they offer huge discounts on other products. Thus, it can be stated that the main pricing strategy of the organization is the economy pricing strategy. Recommendations For the organization to increase its brand awareness, it would be beneficial if Superdry adopts bundle pricing strategy for the next 12 months. The other change which is requires in that the organization have to inform the customers about the different discounts that are offered on various products (Williams-Grut, 2013). c)Place/Distribution Current Attributes Currently, the organization is active in over 139 stores in the United Kingdom and Europe. The organization has been serving customers from different locations. Also, the organization has a prominent and powerful website which attract millions of people every year. Recommendations The organization have to increase its stores in the United Kingdom, especially after the implementation of Brexit, it is necessary for the organization to make this move. The organization needs to improve its official website as they have to better categorize their products in different sessions. This will gain the focus of the customers on different products(Wood and Jolly, 2018).
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Superdry Marketing Report10 d)Promotions Current Attributes The organization has very weak promotional activities, which are very low as they have the main focus on preserving the cost. Thus, the main promotional activities are conducted through the internet platform, as they require fewer expenses. Recommendations The organization has to increase their communication channels and mediums. Thus,theyhavetoindulgeinmoreadvertisementsontelevision,in newspapers, and on the internet. The organization needs to open a channel on YouTube and can provide style tips to increase the customer’s engagement in the organization(Zhang and Clark, 2018). The organization has to increase its budget of marketing approaches to match the aggressive promotional activities of the competitors. Conclusion Thus, from the different approaches stated above, this can be formulated that the Superdry in the United Kingdom will be able to attain their marketing objectives effectively. The organization needs to attain an aggressive approach to its marketing activities and should also adapt some of the marketing approaches of its competitors, which will help in better management of competitors.
Superdry Marketing Report11 References Ahmed, J., Chowdhury, M., Uddin, M. and Ferdous, M. (2014). Sadakalo: Marketing of TraditionalFashion in the Modern Fashion Industry.Vision: The Journal of Business Perspective, 18(2), pp.125-135. Barnes, L. (2013). Fashion marketing.Textile Progress, 45(2-3), pp.182-207. Bhardwaj, V. and Fairhurst, A. (2010). Fast fashion: response to changes in the fashion industry.The International Review of Retail, Distribution and Consumer Research, 20(1), pp.165-173. Brown,H.,Sutherland,E.,Brown,H.,Brown,H.,Geoghegan,J.andWhelan,G. (2018).Superdryissuesprofitswarning.[online]Drapers.Availableat: https://www.drapersonline.com/news/superdry-issues-profits-warning/7032592.article [Accessed 21 Apr. 2019]. Curwen, L., Park, J. and Sarkar, A. (2013). Challenges and Solutions of Sustainable Apparel Product Development.Clothing and Textiles Research Journal, 31(1), pp.32-47. D'Souza, C. (2015). Marketing Challenges for an Eco-fashion Brand: A Case Study.Fashion Theory, 19(1), pp.67-82. Erdil, T. and Özdemir, O. (2016). The Determinants of Relationship between Marketing Mix Strategy and Drivers of Export Performance in Foreign Markets: An Application on Turkish Clothing Industry.Procedia - Social and Behavioral Sciences, 235(1), pp.546-556. Jackson, G. and Ahuja, V. (2016). Dawn of the digital age and the evolution of the marketing mix.Journal of Direct, Data and Digital Marketing Practice, 17(3), pp.170-186. Koszewska, M. (2018). Circular Economy — Challenges for the Textile and Clothing Industry.Autex Research Journal, 18(4), pp.337-347.
Superdry Marketing Report12 Rowley, J. (2009). Online branding strategies of UK fashion retailers.Internet Research, 19(3), pp.348-369. Vehmas, K., Raudaskoski, A., Heikkilä, P., Harlin, A. and Mensonen, A. (2018). Consumer attitudesandcommunicationincircularfashion.JournalofFashionMarketingand Management: An International Journal, 22(3), pp.286-300. Williams-Grut, O. (2013).Market Report: Superdry is back in fashion with traders. [online] TheIndependent.Availableat: https://www.independent.co.uk/news/business/sharewatch/market-report-superdry-is-back-in- fashion-with-traders-8448829.html [Accessed 21 Apr. 2019]. Wood, Z. and Jolly, J. (2018).Superdry co-founder ramps up comeback campaign as shares plunge.[online]theGuardian.Availableat: https://www.theguardian.com/business/2018/dec/12/superdry-blames-warm-weather-shares- plummet [Accessed 21 Apr. 2019]. Zhang, D. and Clark, A. (2018).Superdry Loses Its Cool as Warm Weather Hurts Sales. [online]WSJ.Availableat:https://www.wsj.com/articles/superdry-loses-its-cool-as- heatwave-hits-sales-1539607351 [Accessed 21 Apr. 2019].
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