Sunday, December 29, 2019

Market Research of Ethnic Wear (Womens Ready-to-Wear) in...

ABSTRACT: The project analysis the potential consumer of ready-to-wear ethnic wear for hypermarket format in terms of demographic and psychographic. The journey starts with designing of a questionnaire so as to conduct a primary survey which would help to develop the demographic and psychographic profile. The questionnaire developed was in a way that the target audience can be categorized and the audience with highest potential was selected and studied in detail. The final outcome of the research was drawing promotional strategies for the target segment categorized into ATL and BTL strategies. INTRODUCTION: A hypermarket is a superstore which combines a supermarket and a department store. The result is a very large retail facility which†¦show more content†¦2. Below 20, consumer is quite prominent and strong in Category D. 3. Thus, the segment to be targeted in terms of age bar is mixed but largely above 20yrs. 4. Average consumer age is to be taken as 28yrs. Inferences: 1. In Category C and E, majority of women are married. 2. Only in Category D, majority of women are single. 3. Here, being married or unmarried is not an issue to define, but married status is prominent. Inferences: 1. It is evident from the above graph that majority of women which are the target consumer are working in all three categories. 2. Further, in Category C and E women are then chiefly housewives. 3. Except for Category D where majority of women are students. 4. Targeting working women chiefly. Housewives and students are also a strong enough consumer, but not as strong as working women as a consumer. Inferences: 1. Expenditure pattern here helps define the income of the consumer to be targeted. 2. The pattern is very versatile, i.e. maximum consumer in Category C, D and E are willing to spend below 1000 per month on apparels and then 1000-2000. 3. There are a good percentage of consumers willing to spend above 5000 as well. Psychographic Profile: General Characteristics: 1. The maximum consumer to be targeted is under Category E. The highest percentage, that is, 38% is under this category. The general personality traits or psychographic traits that are being targeted are of a homelyShow MoreRelatedStudy on Allen Solly2554 Words   |  11 Pagesin 1744 by a company called William Hollin and Co Ltd. The brand was purchased sometime in the 90s by a new company called Madura Garments which was a part of Madura Coats. Madura Coats was a big producer of threads. Allen Solly launched its womens wear category in 2001. Within a span of five years, the brand has emerged as a clear leader in its segment and is indeed one of the most sought after brands in the country. Allen Solly Women is targeted at the modern thinking women who have the freedomRead MoreMarimekko Venture Into India1375 Words   |  6 PagesMARIMEKKO INTEREST IN ENTERING THE INDIAN MARKET ⠁Æ' WORLDS SECOND LARGEST POPULATION. WILL BECOME FIRST IN 2020 ⠁Æ' HIGH ECONOMIC GROWTH. LAST YEAR BEING 8%. 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