Final Project - Ross

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ROSS BY: Ashley Chang, Gary Hua, Elizabeth Nemeth

Transcript of Final Project - Ross

Page 1: Final Project - Ross

ROSSBY: Ashley Chang, Gary Hua, Elizabeth Nemeth

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what is ross?-Started in 1950 in Pacifica, CA

-Morris “Morrie” Ross-Off price retailer in 1982

-Started dd’s Discounts in 2004

Background

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$11 billion fiscal revenue in 2014

87%equally Mixed Merchandise

1,242locations in 33 states

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“Since 1982, our focus has been on bringing our customers a constant stream of high quality

department and specialty store brands at extraordinary savings aka bargains, while providing

an easy, fun and organized shopping experience.

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Strengths

▸ Many locations

▸ Large variety of clothes and brands

▸ 20%-60% off department store prices

▸ internships and training program for college graduates

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Weaknesses

▸ Disorganized stores and website

▸ Little differentiation from competitors

▸ Little control of inventory

▸ Low brand loyalty

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Opportunities

▸ Current trend of bargain hunting

▸ America has a lot of holidays/ reasons to do events

▸ Social media: Youtube, Twitter, Tumblr, Blogs

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Threats

▸ Off price retail competition from Marshalls and TJ Maxx

▸ Price competition from Wal-Mart

▸ May receive out of season inventory

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The 4 P’s

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The 4 P’s

ProductName

brands for the whole family and

home

PlaceSuburban centers Middle income

neighborhood

PromotionTV

commercialsInstagramFacebook

Price20-60% off department

prices

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CompetitionMarshalls

▸ Family oriented

▸ The CUBE- boutique for juniors

TJ Maxx▸ Fine jewelry and

accessories

▸ The Runway- European, contemporary & couture boutique

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A New and Improved Ross

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Inspiration!▸ Artfully displayed, not overbearing or

underwhelming

▸ Exploring comfortably and easily

▸ Do not have to compromise budget, can buy other things

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By offering a variety of chic merchandise at affordable prices, we empower our customers to invent their own unique style.

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Before

75-80% femaleWide range of household incomes

Target audience

after

Women and MenAges 15-30Budget customer

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Psychographics

iPhone On Fleek Emojis

EDM Selfie Stick. App

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Re-Designed Logo

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Layout

▸ Modern and sleeker

▸ Organized and clean

▸ Brand storytelling through artistic visual displays

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Social Media

TwitterTumblr

Pandora Spotify

FacebookInstagram

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Youtube StarsRaise brand awareness

Dress like their favorite YouTubers

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Product placementRaise brand awareness

Perceive brand favorably with good movie experience

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Marketing Traditional Channels

Television

RadioMagazines

▸ Display possible styles

▸ Emphasize affordability

▸ Project image of youth, energy, and creativity

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Place your screenshot here

TelevisionPopular programming among target market

High reach and retention

Shows are engaging, imaginative, and fun

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RadioAttains high frequency from daily commute

Able to promote local locations

Succeeds well in reaching target market

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Place your screenshot here

MagazinesNot ephemeral

Relates to Ross’s products

Attracts audience with other content

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International opportunities

our office

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5,000!Our new goal for locations

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Thank you!