Infinity Clothing: Comprehensive Report on Branding Strategy Plan
VerifiedAdded on 2023/04/22
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Report
AI Summary
This report details a comprehensive branding strategy for a new clothing brand called Infinity Clothing, focusing on the Kansas market. The strategy includes selecting a brand name and slogan (“From the house of the creative master”), with future plans for brand extension into watches and accessories. The target market is primarily women aged 15-45, with a secondary focus on the male population, considering the diverse cultural background and high standard of living in Kansas. The positioning statement emphasizes product diversity (dresses, tops, jeans, t-shirts, suits), affordable pricing ($30-$90), and a promotional strategy involving both online platforms (social media) and in-store offers, including influencer marketing. The report also addresses consumer behavior, acknowledging the importance of product selection, preferences, and cultural influences. A perceptual map illustrates the brand's intended position relative to competitors like H&M and Lucky Brand. The promotional steps involve using local influencing figures and personalized, eye-catchy products. A substantial budget is allocated for the promotional steps as this constitutes to be the most significant part of the business plan. Desklib provides access to similar solved assignments and study tools for students.
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