Forever 21

6,652 views 27 slides Sep 25, 2016
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Forever 21 Marketing mix BY HANISHA MOTWANI

introduction American chain of Fast Fashion Retail Brand Founded in the year 1984 with its first store in Los Angeles. By 2015, the Brand has grown to sell their clothing lines in over 700 stores in the America, Asia, the Middle East, and the UK They are known as the Fast Fashion retailers as they are able to quickly move the designs from Catwalks, Fashion Shows to the mainstream consumers Forbes Magzine ranks Forever 21 number 95 in America’s Largest Private Companies.

Range of products offered APPAREL BAGS BELTS SHOES JEWELLERY SUN GLASSES BEAUTY PRODUCTS HAIR ACCESSORIES For: Men, Women & Kids

TARGET MARKET

QUALITIES OF A GOOD BRAND NAME Suggests Product’s Benefits & Qualities: To be Eternally 21! It is easy to pronounce, recognise & remover No brand name with similar combination Can be legally protected

Major competitors DIFFERENTITING FACTOR FOR FOREVER 21? MAJOR CONCERN?

FOREVER 21: The Social Media Hub

FACEBOOK 13,143,594 likes Last posted updated: 9 mins ago TWITTER 2.24M Followers Last post updated: 2 hrs ago

YOU TUBE Followers: 47,748 Last Post: 4 months ago Needs Improvement!! Mobile App

Sales promotion

Public relation Launch of the Flagship Store @ 313 Somerset Invited VIP & Celebrities for ribbon cutting ceremony Invited Media to cover the event Performances by Stilt Walkers & Hip Hop dancers Photo Shoot by popular local Bloggers Fashion Parade showcasing their cool outfits

Suggestions: offline media: billboards MAGZINE ADDS

MISSION STATEMENT To provide shoppers with an unprecedented selection of today's fashions with affordable prices . They are known as "always changing and always in style"  TAGLINE

Price comparisons: FROM S$2.00 TO S$100.00 FROM S$5.00 TO S$320.00 FROM S$2.00 TO S$290.00

PRICING STRATEGIES PRODUCT BUNDLE PRICING PROMOTIONAL PRICING PSYCHOLOGICAL PRICING

SUGGESTIONS!!! OPTIONAL PRODUCT PRICING

DISTRIBUTION CHANNELS One Level Distribution Channel: Speciality Store Zero Level Distribution Channel: Mobile App

LOCATIONS IN SINGAPORE FORVER 21 Forever 21 SMRT Orchard Station Forever 21 Sports Hub Kallang Wave Mal Forever 21 Vivo City Forever 21 313@Somerset

AMBIENCE OF THE STORE Easily accessible, located in Malls and Shopping Markets White lighting and floors sparking Products organised basis on Price as well as categories Trial Rooms available in all stores Eye Catching Visual Merchandising Rock & Fusion Music at optimal volume

Learning from the mistakes
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