Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Gucci market segmentation

26/03/2021 Client: saad24vbs Deadline: 3 days

Executive Summary
The Research in this report will provide an insightful analysis in the current state of Gucci’s marketing environmental. As Gucci is a leading brand in the industry it is highly unlikely that other brand will prove to a be a threat to Gucci’s establishment in the market place. Environmentally friendly products are also playing a huge role in the market place are playing a significant role in the consumer decision making process. In addition, our consumer segment analysis shows that many people in the young bracket are buying Gucci products and driving the market. Furthermore, the consumer segmentation also showing that many consumers are willing to pay more money to purchase Gucci products as there is an increase in income in certain households. Ultimately, Gucci could use the research that we have done in order to improve their business and our recommendations can certainly help them do that.

It is also recommended that Gucci should focus on gaining more consumers in different age brackets in order to improve their business and brand. Gucci should also try creating backpacks made out of environmentally friendly products. Gucci should try and focus on gain consumers in the low consumer segment in order to widespread their business across different age brackets. More research can be done by Gucci in order to improve their business and take on different strategies to enhance their business.

Table of Contents Executive Summary 2 Introduction 3 Section 1 The marketplace and influencing factors 4 Section 2 Consumer Segmentation 12 Section 3 Assess the attractiveness of each cosnumer segment 13 Section 4 Recommendations for additional research 13 Conclusion 13 References 13 Reccomendations 15

Introduction
The Purpose of this reports is to conduct an Environmental analysis, Consumer segmentation and Market research on the Gucci Print Leather Backpack. This report illustrates the types of aspects in the current market in which the Gucci Print Leather backpack will sell, the environment, the consumer segments, and its attractiveness will be shown. As a group of marketing consultants, we have been approached by Gucci to create this report. Furthermore, recommendations are also provided in this report. The limitations of the report were the timeframe, as we could not get primary data and all our data is from secondary sources. The information will be presented in tables and data sources. The availability of the information was a challenge as most of the data was not related to our company. All the information presented is from secondary sources and was gathered from research.

Section 1 The marketplace and influencing factors
The Micro-Environment

The Gucci brand is an Italian based luxury company which provides a wide range of products such as Men’s and Woman’s clothes, shoes, backpacks, wallets, purses and many other accessories (Gucci, 2016). Currently Gucci offers many different types of backpacks as well as a huge number of backpacks for both Men and woman.

The tree diagram illustrates the scope of the industry in which Gucci operates in:

As shown by the tree diagram Gucci belongs to the fashion industry as it is defined by the style of clothing and accessories worn by a group of people or individuals (Steele,2019).

The Fashion industry is a multibillion-dollar industry which is dedicated to the marketing and selling of clothes (Steele,2019). The fashion industry consists of four levels which one is the production of raw materials, secondly the production of fashion industry, thirdly retail sales and various forms of advertising and promotion (Steele,2019). The fashion industry as a bright portrait which a worldwide revenue expected to rise from $481.2 billion in 2018 to $712.9 billion by 2022 (Orendorff 2019). There are many factors that are driving this growth which include expanding their global markets. Furthermore, increase in technological advances such online access and smartphones. Many middle classes having disposable incomes which allows them to make such purchases. The Fashion consumers will have more buying power, an estimate has been made that customer growth is projected to grow from 1.2 billion by 2020, furthermore majority of the customers are within the 16-24 and 25-34 age groups (Orendorff 2019). However, there are many threats to the fashion which include things such as the cost of raw materials. Cotton, silk, wool and leather are things which all need to be farmed. A NASA lead study shows that many of the worlds freshwater sources are being drained faster than they can be replenished (Marshall 2017). Additionally, rising labor costs is something that will have an effect on the industry. If the labor force is changed to a different area or country, this again will have a knock-on effect raising the prices across the globe (Marshall 2017).

In terms of our product the Gucci Print leather backpack, the statistics show that bags are still growing at aa stronger rate which will see a double-digit growth- 15% in 2018 which will dip into the single digits by 2022: 8.7% (Orendorff 2019). The projection makes it the strongest healthiest segment of ecommerce fashion, despite the numbers being the smallest. (Orendorff 2019). The features that Gucci’s competitors in common have is that most of the products offer the same range of designs and backpacks. The backpacks are all prices in the same range showing their true stylish nature which adds to an individual’s status.

Ultimately, it can be seen that many competitor companies in the fashion industry are owned by other brands which can be a subsidiary, business unit and division of a parent company.

Competitor Analysis

Louis Vuitton is the third most popular luxury brand and offers products that is similar to Gucci, however Gucci is ranked as the most popular luxury brand. Louis Vuitton is owned by LVHM which own other brands such as Givenchy, Marc Jacobs and Fendi. Louis Vuitton is a member of the Better cotton initiative, which aims to transform the cotton production by reducing it environmental impact (Gucci 2019).

Versace, just like Gucci, produces similar products which all have the same price range as that of Gucci and Louis Vuitton. Versace is owned by Michael Kors which produce backpack themselves.

The Product comparison that is shown below shows how both Louis Vuitton and Versace. Are placed in Gucci’s strategic group.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Top Grade Essay
Isabella K.
Top Grade Tutor
High Quality Assignments
Coursework Help Online
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$46 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

I will cover all the points which you have mentioned in your project details.

$84 Chat With Writer
Isabella K.

ONLINE

Isabella K.

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$79 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I will cover all the points which you have mentioned in your project details.

$109 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$65 Chat With Writer
Coursework Help Online

ONLINE

Coursework Help Online

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$107 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Week 3 - Article Review - Immigration history - Discussion on Linear development in Learning approaches - English sba reflection 2 - Olap definitions and rules - Mlc super fund abn - Dave barry how to argue effectively - Taming the anger monster anne davidson - Pitot tube traverse calculation - Uv method of integration - Hackman and oldham 1974 - Chapter 13 capital structure and leverage - Assignment(Digital forensics) - Assessing and Planning Care for an Elderly Person - Psychologically painful crossword clue - Chielo things fall apart - Scf shatterproof screen guard review - Aps talent management guide - Christopher little net worth - Example of medium close up shot - Fries & bridges headspin ghetto mix - Decision making process under certainty uncertainty and risk - Descriptive statistics in jupyter notebook - Dred scott political cartoon - Parsons warm bath theory - Http www albion com netiquette netiquiz html - China noah corporation mini case - Chipotle geographic segmentation - Week 1 Case Assignment - Controlled substances act of 1970 - OE case study all paper's PowerPoint presentation - Pocahontas county schools wv - First 50 triangular numbers - For the past several years steffy lopez answer - The project scope document is valuable for establishing - Https openstax org details books chemistry atoms first - Counting sigma and pi bonds practice problems - BA Assignment - Cumbria fells and dales - The times they are a-changin - In the park gwen harwood themes essential energy network map - Vegaflex 81 2 wire manual - Books on training needs analysis - Job analysis and recruiting method - Branching tree diagram activity - Prominent fluid controls pty ltd - Naeyc position statement responding to linguistic and cultural diversity - Extreme adjectives very bad - Olap vs oltp in data warehouse - Project management 8.21 answers - Bmach on my statement - Macbeth guilt quotes act 1 - Discussion 2 - Performance Appraisal Process Evaluation - Networking - Bino the elephant theme song - Technical Writing in Criminal Justice - Chapter 4 - Nadar raising photography to the height of art - Article Critique - Wincc runtime advanced manual - The fourteenth goldfish movie - Mkt 100 midterm - Measurement scales in quantitative research - Cell Phones and Cancer - Ethical autobiography outline - Geography bearings worksheet with answers - Cell specialization definition biology - 2 questions 2 Separate answers - Literary movements in english literature ppt - The great debaters movie study guide - Allegory of the cave multiple choice questions answers - Tulane university accounts payable office - Micro focus net express - Balloon pyramid minute to win it blueprint - Alex steiner the book thief - Psy 104 week 3 assignment - Derivative of arctan x - Information technology in Global Economy - Make a light bulb with pencil lead - Electromagnet experiment lab report - Carry on olivia holt sheet music - Effects of social networking sites ppt - Balanced and unbalanced forces - The many identical residents of whoville love drinking zlurp - Briefly explain the four essentials of psychotherapy - Maxim integrated philippines company profile - Vcaa physics formula sheet - Dhs ambulatory care network harbor ucla - Unit VII Schorlaly Act Amer Hys - Credit guarantee fund trust - 10/16 as a percent - Compass records case study - FIN/571: Corporate Finance - Sat scores are distributed with a mean of 1500 - Cola wars case study - How to create a bell curve in excel 2007 - Middle Ages/ Renaissance - Hkdse english paper 4 - Office 365 leeds trinity university - Milling machine v blocks - Bmr assignment 5 answers