Victoria’s Secret Company Information Brazil: History, Culture, Political and Economic...

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Transcript of Victoria’s Secret Company Information Brazil: History, Culture, Political and Economic...

Page 1: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.
Page 2: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Victoria’s Secret Company Information Brazil: History, Culture, Political and

Economic Environment Competition Situation Analysis Target Market Selected Marketing Strategy Short and Long Term Projections

Page 3: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Mission Statement:› Limited Brands is committed to building a

family of the world's best fashion brands offering captivating customer experiences that drive long-term loyalty and deliver sustained growth for our shareholders

Page 4: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Victoria's Secret is the leading specialty retailer of lingerie and beauty products, dominating its world with modern, fashion-inspired collections, prestige fragrances and cosmetics, celebrated supermodels and world-famous runway shows.

Page 5: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Culture And Society Brazil has the largest Catholic population in the

world Many Brazilians are descendants of African slaves,

Portuguese settlers, and Indigenous people. Brazil in famous for various types of art forms

such as the Samba music As of 2005 more than 17.5 million Brazilians had

internet access which equals to 17% of the population

One of the highest plastic surgery percentages in the world

Page 6: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Political & Economic Environment

One of the BRIC nations Forecasted to be when of the leading

economies in the world by Goldman Sachs by the year 2050

Brazil practices Civil law Currently, has over 20 political parties Democratic parties have been in power

since the early 1980’s

Page 7: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Competition

Local stores who have ties within the Brazilian community

Department stores such Lojas Americanas and Daslu who offer high end clothing and a variety of clothing lines

Online clothing boutiques which can target Brazilians who have internet usage

Page 8: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

SWOT

Strengths Strong Brand Name Good reputation among customers World famous cover models and spokespersons

who are associated with our brand

Weaknesses First Entry into the Brazilian Market Unsure of local reaction to an American brand

Page 9: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Opportunities Demand for lingerie products in the Brazilian

market Further expansion into other South American

countries Create barriers to entry for other firms

Threats Local competitors already in the market Political climate Current world economic trends

Page 10: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Women› Ages 15-50

Locations› Sao Paulo› Rio de Janeiro

Page 11: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Our selected Marketing Strategy is to enter the Brazilian economic market with a similar strategy of that of our American brand, however with our product line adapted slightly for Brazilian culture and climate Market Entry Strategy- Enter Brazil as an American Company Solely owned By Limited Brands with Production and Manufacturing done in the area of our target MarketExtensive Training for our American Managers in the native Language: Portuguese

Page 12: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Wide Selection of Lingerie Beauty Products Sleepwear Swim Wear Clothing and Shoes Eliminating the Victoria’s Secret PINK brand

Page 13: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.
Page 14: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Comparable to the American Brand Prices will be listed in Brazilian Real's 1 Brazil real = 0.514403 U.S.

dollars

Page 15: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Sao Paulo

Rio de Janeiro - Ipanema Beach

Page 16: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

TV and Radio Advertisement Followed by billboard Advertisements

Public Relations – Well Known Brazilian Models http://www.youtube.com/watch?v=OiCcMk4JfN0 Mystery Gift Card Promotions Holiday Promotions Brazil’s Next Angel Competition: The Face of Victoria’s Secret

Beauty Of Brazil Future Promotions: Sponsoring Brazil Fashion Week & Carnivals

Page 17: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.

Short and Long Term Projections/Goals

Brand Awareness Acceptance in the community Brand loyalty Opening New Store locations Expansion throughout South America

Page 18: Victoria’s Secret Company Information  Brazil: History, Culture, Political and Economic Environment  Competition  Situation Analysis  Target Market.