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New Jean Company Marketing Plan. I. Business Analysis Current Situation.
Sacred Brand Jeans (SBJ) is a premium lifestyle brand that ...
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Submitted by sexysmartgirl77 on April 22, 2008
Category: Business
Words: 2292 | Pages: 10
Views: 319
Popularity Rank: 29,792
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I. Business Analysis
Current Situation. Sacred Brand Jeans (SBJ) is a premium lifestyle brand that offers every woman the freedom to feel sexy, stylish, and edgy. We believe in the notion that every woman regardless of size deserves to dress like a diva. The SBJ collection is cut from the highest quality fabrics and tailored with perfected cuts to fit all the curves of a woman. Never before has there been an upscale premium lifestyle brand of denim that caters to such a wide variety of consumer in one market. SBJ is designed to fit not just one kind of woman, but every woman.
Market research indicated that an estimated $14.6 billion dollars was spent on jeans last year and the jeans market saw a 14% increase in growth. The recent increases correlate to the influence of the premium segment, product innovation, and consumer demand. According to research women between the ages 18-35 spend more than $100 on jeans. The most intriguing research indicates that the plus-size clothing market is the most under-served market in the fashion industry. While women’s plus-size apparel market comprises nearly 30% of all women’s apparel sales, supply is still not on track to keep up with demand. Perhaps the biggest issue within the plus-size market is the lack of accurate sizes and style. With the average size of American women being between sizes 12-14, sacred brand jeans is ready to supply the demand of this ignored segment.
SBJ has captured good information regarding our target markets and know a great deal about the common attributes of our most prized customers. SBJ will leverage this information to better understand who should be served, their specific needs, and how SBJ can better communicate with them.
Purpose. SBJ prides itself as a lifestyle brand that appeals to women. The purpose of the business analysis is to identify strengths, opportunities, and profitability of SBJ.
Marketing Mix - See Appendix A. Comparison is...
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