Mark's Work Wearhouse Presentation Slides
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Transcript of Mark's Work Wearhouse Presentation Slides
Group 6Nicolas Tassopoulos
Mona MohammadChris Somos
Iouri VorobievShadab Zaman
Generation XBorn between1967-1979
Agenda
1. Introduction to Generation X2. Analysis/Characteristics of Gen X3. Introduction to Mark’s Work Warehouse4. Internal Consumer Behaviour Audit5. SWOT Analysis6. Competitive Review7. Alternative Strategies8. Conclusion/Questions
Introduction to Gen X
• Generation X: Born between 67’ and 79’– 6.5 million Canadians– Smack in the middle
• Term was coined in 1964• Became popular in the 90’s• Very influential subculture
Who is Generation X
Consumer Behaviour
• Compositions of households– Marital status– Social/Class Structure
• Advertising – Effects on Gen X– Lack of Trust– Direct Shopping Experiences
• Global Perspective
Household Purchase Decisions
• Social and Marital Status– Different roles in the household– Decision Makers
• Boomerangers– Men Vs. Women– Money and relationships– Discretionary items– Contribute in household decisions
• Typical household decision maker
Marketplace Influence
• Technological Advancement– Technological change– Technology a part of daily routine–Created a need for technology
• Influence on the market–Online shopping–Google, YouTube, and Amazon
Mark’s Work Wearhouse
• Durability over designer labels– Targets a conservative market
• Mark’s Work Wearhouse– Targets working individuals– Does not spend millions on advertising– Clothing that is meant to be worn–Wrinkle free shirt
• Mark’s employs Vision Critical• Research methods include:Focus GroupsDepth InterviewsEthnographic research
Internal C.B. Analysis Audit
• Mark’s value proposition speaks to Generation Xers
• Consolidated targeting efforts on Gen X in early 2000s
• Strategy of innovation is here to stay
Products Begged Market
In the Marketing Mix• Innovative products• Excellent value proposition• Honed distribution; both
physical and online• Targeted promotion to support
the other 3 Ps
Speaking to Xers
Business Performance
*Courtesy of Canadian Tire Annual Reports 2007-2009
• 80% of sales can be attributed to persons aged 30-50
What does it mean?
• Most recent campaign’s results “very positive”
• Measured through proprietary analysis of data including;
ExposuresWeb AnalyticsLoyalty Sign UpsSales
Success?
StrengthsInnovationSocially ResponsibleWeaknessesIncreased ExpenditureProduct Assortment
SWOT
Opportunity Market TrendOutsourcingThreatMarket Obsolescence RiskCompetition
SWOT
CompetitionMarks– Largest Industrial apparel and
footwear retailer– Second largest pants & jeans retailer– Sixth largest women’s apparel retailer
Reitman’sSears
• Women; 25-45• 370 locations• Leading retailer of women’s apparel and outerwear• Everybody, every body• Self-image
• Men and Women; 25-45• 122 Full-line department stores• Number one department store• Several brands; several strategies• Ideal-self• Models
Celebrity EndorsementIncrease brand awarenessDifferentiate among similar
productsProduct PlacementChange purchase intentionWider exposure
Alternative Strategies
Conclusion• Generation Xers are united as a subculture– Thrift of time– Financial resources– Eye for value
• Mark’s capitalizes on Gen Xers• Excels in innovation versus competition• Future expansion utilizing successful
foundation of Gen X consumers
Questions?