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Baby Boomers should be the prime targetmarket for brands, yet many ignore the great potential of this consumer with only 5 per cent of advertising expenditure in Australia spent on this demographic,” said Kopanidis. While luxury and editorial fashion often see diverse age casting as camp, mainstream brands are still catching up.
In 2015, the Nanjing-based company shortened its brand name to Shein and adopted the slogan “She in, shine out”. None of this makes a difference to Shein’s Gen Z targetmarket, who are often dealing with budget constraints and willing to put up with slow deliveries in order to get their hands on the latest fashions.
Started by Adrian Cheong in 2015, Malaysian fragrance brand Analogue Apotik has carved out a niche in the APAC market with its solid colognes for men. “I While you have high-end customers who will go for international brands, and low-wage earners who will prefer cheaper products, our targetmarket is solely the middle class,” he noted.
Recognising this underserved market, Sugar cosmetics entered the Indian market around the middle of 2015 to ‘enable women to explore, crack the code and relish in beauty products that were created for them to feel confident in their own skin.’. Explosive sales growth.
Depending on your targetmarket, how you use social media should vary to match their usage patterns. For instance, if you are targeting baby boomers, you should share your BOGO sales on Facebook as opposed to Instagram. Social media is growing and retailers cannot afford to ignore it.
As the company prepares for a new era under the leadership of Christian Maviel in 2015, Cacolac is focusing on revitalizing its brand and expanding its presence, particularly in the Drive circuit—a crucial distribution channel for French grocery retail.
The retailer was originally called SheInside but the name was shortened in 2015 to Shein. While Shein is based in China its targetmarket is international. Shein was founded over a decade ago in 2008 in Nanjing China by Chris Xu an American born Chinese graduate of Washington University. Shein sells cheap, really cheap clothing.
Opportunity to Collect Valuable Customer Data “Being able to collect customer data enables you to construct a detailed portrait of your targetmarket : who they are, and what makes them tick,” says Small Business Trends. This effectively broadens your potential targetmarket from thousands to millions.
Trend forecasters are more inclined to follow influencers, street styles, and blogs for insights on the latest trends, and this is known as “bottom-up” forecasting, which entails close monitoring of the targetmarket to prophesy demand for future trends. However, in 2015 -2016, we’ve seen a transformation in the pant structure.
In what the retailer called a “significant milestone for the category”, this autumn M&S unveiled its first dedicated menswear campaign since 2015. However, it’s not all about womenswear. But it’s managed to overcome this hurdle.
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