This is my proposed consumer demographic mood board that will also be included within my report. Within this mood board I have incorporated several images that include racial diversity, age diversity, gender diversity (transgender) body image diversity and inclusivity to portray what the new and improved consumer demographic will be. I have kept the fact that the brand wants to target the middle class as the brand is classy and sophisticated and every aspect of retail needs different levels of class, however the PINK section of the store should be cheaper as it is targeting a younger consumer demographic. The nails and high heels are meant to show the class as well as the fact that the products sold will be girly but also sophisticated and not tacky like some of the products that are already being sold in store. The word 'EQUALITY' is in this mood board as this is the new name for the consumer demographic of Victoria's Secret.
Victoria’s Secret’s top competitors as of January 2019 are Calvin Klein, Ralph Lauren and Donna Karan New York, and all three just like Victoria’s Secret, work in the Systems Software Industry, which is a type of computer programmer that is used to run a computer’s applications. In addition, as found in some primary research that has been conducted of an Instagram Poll. There are also many other brands that are competitors of Victoria’s Secret. For example, Ann Summers, Boux Avenue, Primark and H&M. There are a large amount of competitors that consumers would lean towards rather than Victoria’s Secret because they are cheaper, better quality and have better ethics/morals and therefore customers have more respect for those brands. Even though Victoria’s Secret is a successful business, alternative brands have many features buyers worship that Victoria’s Secret do not have, resulting in a loss of sales for the company.
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