Wednesday, September 5, 2012

Chapter 2: Strategic Planning for Competitive Advantage


Forever 21 focuses on making fashionable/designer looking clothes with low cost prices where everyone can afford and stay in current fashion. It provides the lasted trendy clothes and accessories for women children and men. The target market of forever21 is mostly women and men. 66% of women between the ages of 18 to 34 year old. It expands their depth of product selection by offering to their customer a wider mix.


The traditional marketing plan is printing ads and the non traditional marketing plan is through face book, twitter, blog and YouTube. Their blog is aimed at educating the customers on their product. Twitter is used to attract customers for sales and limited time offers. Face book page have customers speaking to each other.






The strategy to improve forever 21 social media is by creating a mobile shopping application for androids, iPhone and iPod, using commercials on YouTube channels, and also providing promotions in Groupon, Lving Social, etc. The top competitors of forever21 are H&M, Uniqlo, Zara, and Topshop.






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