Brazilian Waxing in Shanghai - An Analysis of Strip's Strategy
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Transcript of Brazilian Waxing in Shanghai - An Analysis of Strip's Strategy
BRAZILIAN WAXING IN SHANGHAI
A Peek into ‘s Strategy for Shanghai
CONTENTS
• Introduction • Research results • Competition & Differentiation
Strategies • Analysis & Recommendation
WHAT IS BRAZILIAN WAXING?
• The epilation of body hair in and around the pubic region by the use of wax
• Reasons include
aesthetic, hygienic, or other reasons
Strip: The Ministry of Waxing
• Founder in Singapore in 2002 by Cynthia Chua
• Has pruned and waxed
over two million bushes worldwide
• Today: Singapore, London, New York, Shanghai, Hong Kong, Kuala Lumpur, Jakarta, Manila, and Bangkok
ABOUT Strip • Devoted to the Holy
Trinity of Waxing: Hygiene, Speed and Quality (HSQ). Emphasizes on ‘No Double Dipping’
• A place for body
culture that's practiced safely, hygienically and painlessly
Strip’s BEGINNINGS & PHILOSOPHIES
• In 2002, Chua was chatting with an expatriate male acquaintance who bemoaned the lack of grooming "down there" on otherwise gorgeous Singaporean women
• “We’re like the Starbucks of
waxing.” There’s a uniform level of service in all their branches and you always know what to expect
Strip’s BRAZILIAN WAXING STORIES
• Strip Singapore 2002 vs 2007: “When we first opened in Singapore, there were only five percent Chinese and 95 percent expats. Now it’s the other way around.” -BJ Macatulad, Strip Shanghai’s GM
• Strip Shanghai 2009 vs Present: – Locals: 20% à 40% – Expats: 80% à 60%
Shanghai: Wukang Lu
Singapore: ? Singapore: Raffles City
• Introduction • Research Results • Competition and Differentiation
Strategies • Analysis & Recommendation
CONTENTS
PRICE & LOCATION
• Price: 120-280元 (USD20-47) • High-value strategy: Medium price & high
product quality
4 Locations French Concession - Wukang Lu - Wulumuqi Lu - Xinle Lu North Shanghai Area - Joy City multi-use
complex
GRAPHS (DEMOGRAPHICS)
Yes: 6 No: 35 Total: 41
Total: 41
ON THE STREETS…
• Interview Subjects: – Foreigners – Local Chinese residents – American Born Chinese
30-‐year-‐old P
regnant Sha
nghainese
Female: “我觉得很痛!”
Two 50-‐60 year old Shangh
ainese
women: “我们老了,不管这些
东西”
26-‐year-‐old Divorced Shanghainese
Female: “我是很简单的,没有想过这
些东西”
• Possible Reasons: – Personal Hygiene – Westerner boyfriends – Exposure to the West
(studied abroad etc.) – To wear bikinis during the
summer
MARKET RESEARCH (VIDEO)
MARKETING EFFORTS • Advertisements in: - Expat-oriented
magazines – Time Out: Shanghai,
City Weekend - Chinese fashion
magazines - Gracia, Femina, ilook
• Word-of-mouth
advertising • Every customer
becomes a billboard
ADVERTISEMENTS • Tongue-in-Cheek ads
ADVERTISEMENTS • Aim to be funny, never too serious
PROMOTIONS AND DEALS • Get two free movie
tickets for December 24 if you spent over 2,000元 out here!
• Credits-based
package deals that can be shared
• Bring a new friend and get 50% off!
Strip SHANGHAI • The prices and
descriptions on display were all in English
• Trendy and hip
locations: French Concession, Joy City
• Interior design: inspired by NYC’s Greenwich Village eclecticism; clients feel at home
Xinle Lu Storefront
Wulumuqi Lu Waxing Room
CONTENTS
• Introduction • Research results • Competition and Differentiation
Strategies • Analysis & Recommendation
COMPETITORS
• Skin City • Dragonfly • ‘Mom & Pop’
Neighborhood Beauty Salons
• Home Waxing Kits?
HOW Strip DIFFERENTIATES: PRODUCTS
• Strip-formulated Chocolate/Strawberry Super (Hard) Wax
HOW Strip DIFFERENTIATES: PRODUCTS
• In-House products: – X’ed Out cream – Ice Cream – Strawberry Body Scrub – Strawberry Body Butter
HOW Strip DIFFERENTIATES: CUSTOMER EXPERIENCE
• Before Treatment: – Virgin Forest Guidebook – 7 drops of bach flower
essence to calm nerves • After Treatment:
– SOS Tips Manual – Ginger/Lemon Tea
HOW Strip DIFFERENTIATES: CUSTOMER SERVICE
• All ‘Striperella’s trained in Singapore – “They sure know how to make me comfortable.”
• Bilingual receptionists and
waxing therapists all in their 20’s or young 30’s
• English/Chinese options on their hotline
HOW Strip DIFFERENTIATES: CORPORATE SOCIAL RESPONSIBILITY
CONTENTS
• Introduction • Research results • Competition and Differentiation
Strategies • Analysis & Recommendation
• Chua: “Singapore brands are also associated with integrity and a transparent working process. We lay everything on the table and don't tend to beat around the bush.”
• A franchise in Manila & Dubai (2012)
vs. a WOFE in Shanghai
BRANDING A SINGAPOREAN COMPANY
MARKETING CULTURALLY
• Singapore: When Bush wasn’t re-elected: "Bye Bye Bush”, "Boy, Are We Glad to See Bush Go”, "No More Bush”, "Life Will be Better Without Bush”
• Shanghai: The Chinese name
for Strip is ‘Jie Tuo’ 洁脱 (the Chinese characters for ‘clean’ and ‘removal’ - a pun on the Chinese word 解脱-liberation)
SHANGHAI VS SINGAPORE • Chua believes there is room for
growth because “all cities move in the same way. Urbanites want the same things” (Starbucks model)
• English-speaking vs Chinese-speaking
• Culturally metropolitan;
increasingly Westernized
• First mover’s advantage
DEMAND FORECAST
• Increasing number of Shanghainese women that would try Brazilian waxing
• Target Audience:
middle-upper class, professionals, housewives
• Economic indicator: More Chinese
customers as Chinese economy continues to grow (disposable income)
RECOMMENDATIONS • Problem: Need to expose people to waxing at Strip • Chinese-language service menu placements
• Expand to Pudong
• Integrate Chinese culture; don’t be as provocative. Hygiene-focused.
• Provide house calls services
• Support local music scene and community service • Local celebrity endorsement/
bloggers’ experience
CONCLUSION