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NathalieRAMANANTSOAFRAT
2012
Agenda
INTRODUCTION
A common definition
The sale of commodities or goods in small quantities to ultimate consumers consumers Websters Di ti W b t Dictionary
INTRODUCTION
Manufacturer
Transporter
Wholesaler/Distributor Retailer
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT
Retail
INTRODUCTION
INTRODUCTION
INTRODUCTION
Agenda
STRATEGICAPPROACHTORETAIL
MARKETING MIX
Product
Pricing g
Promotion
Distribution Place
Channel Strategy
Channel Management
STRATEGICAPPROACHTORETAIL
KEY RESOURCES
CHANNELS
COST STRUCTURE
REVENUE STREAMS
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The Nespresso Success Story: a case about finetuning Retail strategy & Business Model
STRATEGICAPPROACHTORETAIL
Searchingalongand windingroutetoriches. i di t t i h
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STRATEGICAPPROACHTORETAIL
STRATEGY
Plan
Buy
Move
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STRATEGICAPPROACHTORETAIL
Situation analysis
Objectives
Targeting
Business model
Control
Evaluation Adjustment
Feedback
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT 13
STRATEGICAPPROACHTORETAIL
Selectivedistribution:
Exclusivedistribution:
Sales will always increase in the short term by moving to intensive distribution.
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT 14
STRATEGICAPPROACHTORETAIL
Differentiated Marketing M k i
Near a large population base p p Distinct offerings aimed at each segment g Different media & messages for f each segment h t Depending on segment Multiple specific strategies, directed at heterogeneous groups
Concentrated Marketing k i
Near a small or medium p p population base Selection geared to market segment g Direct mail, e-mail, subscription, phoning, etc. t High or low One specific strategy directed at a limited groups of customers f
Near a large popu a o bas population base Wide selection of medium quality items
Strategicimplications
Promotion efforts
Mass advertising
Pricing
Popular prices One general strategy for a large homogeneous group of consumers
Strategy
15
STRATEGICAPPROACHTORETAIL
16
STRATEGICAPPROACHTORETAIL
Plan Merchandise
Build Collection
HandleStore H dl S Operations
1. Market&competitionanalysis 2. Strategy definition / Business Model Definition Strategydefinition/BusinessModelDefinition 3. ValuePropositionbuilding: Offerpositioning PricingandPromotionstrategy 4. Merchandisingstrategy 5. Productdevelopmentstrategy 5 Product development strategy 6. Sourcingandnegotiationpolicydefinition 7. Definitionofqualitymanagementstandards 7 Definition of quality management standards
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT 17
STRATEGICAPPROACHTORETAIL
Define Strategy
Build Collection
HandleStore H dl S Operations
18
STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
HandleStore H dl S Operations
19
STRATEGICAPPROACHTORETAIL
Define fi Strategy
Plan Merchandise
Build ld Collection
HandleStore H dl St Operations
STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
Build Collection
HandleStore H dl St Operations
STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
Build Collection
22
STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
Build Collection
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STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
Build Collection
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STRATEGICAPPROACHTORETAIL
Define Strategy
Plan Merchandise
Build Collection
Manage StoreOrders
25
STRATEGICAPPROACHTORETAIL
COGS 31,2%
R E V E N U E
General & Admin. 12,2% 12 2% Store 20,3% Communication 6,3% Selling 1,7%
Warehouse 1,3%
STRATEGICAPPROACHTORETAIL
Gucci's Case study : in a higher competitive environment Luxury Sectors face two major retail issues
Issue 1
Issue 2
While maintaining store quality, quality brand image image, and client service
The optimization of the distribution is a critical success factor for Gucci Group.
27
STRATEGICAPPROACHTORETAIL
Color)peryear:
Gucci:160000references/year /y YSL:30000references/year
Gucci Group produces more than 6 millions pieces each year: GucciGroupproducesmorethan6millionspieceseachyear:
Gucci:6000000pieceseachyear YSL:500000pieceseachyear
Guccialonecreates6collectionsperyear:
4womencollectionsperyear 2mencollectionsperyear
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Case study: Gucci Group has become a complex g group in which different store formats coexist p
STRATEGICAPPROACHTORETAIL
Retail distribution
Shop in Shop
Wholesale distribution
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STRATEGICAPPROACHTORETAIL
Case study: Guccis distribution strategy consists of expanding its retail while consolidating its wholesale
Retail
317 Directly Operated Stores Gucci Brand (2012) Openings : 5-10 per annum Segment stores :
Jewelry stores Accessories stores
Wholesale
Department and specialty Stores (301 doors) d )
Europe : increase number of doors US : continue strong performance in best retailers
Revenue R by Channel
30
STRATEGICAPPROACHTORETAIL
Decidewhichproducts/marketsshouldbeservedthroughwhich channels.
Preemptcompetitorsfromlockingupchannels.
31
STRATEGICAPPROACHTORETAIL
Determining the right channels is becoming more critical as companies develop a multi-channel approach to sales
Channel Brick and Mortar (DOS Corners, etc) (DOS, Corners etc ) Catalogue Website Telephone p Direct Mail, eMail In Home Print Ad Inserts/Circulars TV, Radio and Print Ads Sell Sell, Drive Traffic to Store Drive Traffic to Store, Sell Service, Drive Traffic to Store , Communicate Offers/Rewards
(Mass, Segment, Personalized)
Main Goal
Increased consumer needs, market fragmentation and harsher needs competition calls for a diversification of access to consumers
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT 32
STRATEGICAPPROACHTORETAIL
Channel member selection Overall compensation Measurement/reward systems Relative channel influence Referrals and sales programs Conflict management and resolution: when to partner or compete Operational implications
33
STRATEGICAPPROACHTORETAIL
Value add Mapping vs. competing channel Brand awareness Level of specialisation p
required in that channel
Generic strategies
34
STRATEGICAPPROACHTORETAIL
Creativity
Complementarities
zero
ESSECMBALuxuryBrandManagement RetailExcellence NathalieRAMANANTSOAFRAT
Low
Medium
Strong
Successful channel integration efforts can deliver tangible improvements to retailers operations g p p
STRATEGICAPPROACHTORETAIL
Improved demand planning Established, secure e-commerce channel for e-content delivery Increased customer satisfaction and, thus, referrals Increased order volume and conversion rates Improved returns processing
36
Agenda
GEOMARKETING
Locationdecisionsarecomplex L ti d i i l
Multiplevariables
38
GEOMARKETING
Allowstoquantifypotentialtargetmarketfordistributionnetwork Allo s to q antif potential target market for distrib tion net ork andassessidealnumberofstores Helpsdecisionmakingconcerning:
Location of area of influence Locationofareaofinfluence Hierarchyofcommercialareas
Framesperformanceforecastsdependingon:
Potential of influence trade area Potentialofinfluencetradearea Qualityofstorelocation (Storemanagementefficiency)
39
GEOMARKETING
GEOMARKETING
Mapinfo /Pitney B M i f / Pit Bowessoftware(www.mapinfo.com) ft ( i f ) Claritas (www.claritas.com) Caliper Corporation(www.caliper.com) GDTGeographic DataTechnology (www.geographic.com) MPSISystems(www.mpsisys.com) SRC(www.demographicsow.com) ( g p )
41
GEOMARKETING
Geomarketing consists in linking a geographical table (or map) to a relevant data table using a joint field
GEOMARKETING
Determine potential
traffic.
Dynamic analysis
(pedestrians, mobile ( passers-by ).
Diverse
characteristics ...
Locations competition
analysis.
43
The whole approach for geographical analysis relies on building 3 complementary data models g p y
Model 1 Assess potential of catchment area
GEOMARKETING
44
GEOMARKETING
Model 1 OBJECTIVES
45
GEOMARKETING
Analysis conducted on 36 000 French communes Focus on the most attractive communes in terms of apparel trade (source : INSEE - ABCD ) 5 000 zones have been identified around - The most attractive commune Bordeaux Montpellier - Its zone of influence For each zone, a potential market () has been estimated
Strasbourg Rennes
46
GEOMARKETING
Availabilityofstorelocations
Numberandtypeoflocations Accesstotransportations Owningvs.leasingopportunities Costs Zoningrestrictions
Populationsizeandcharacteristics P l i i d h i i
Totalsizeanddensity Totaldisposableincome/Percapitadisposableincome Agedistribution Age distribution Occupationdistribution Averageeducationallevel Percentageofresidentowninghomes Trends Numberandsizeofexistingcompetitors SWOTanalysis SWOT analysis Levelofsaturation Shortrunandlongrunoutlook
Availabilityoflabour
Management M Managementtrainees tt i
Competitivesituation
Promotionfacilities
Costs Availability and frequency of media Availabilityandfrequencyofmedia
Closenesstosourceofsupply
Deliverycosts Timeliness
Economicbase
Dominantindustry Extentofdiversification Growthprojections Seasonalfluctuations Seasonal fluctuations
Regulations
Operations Zoning T Taxes licensing
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GEOMARKETING
Dunkerque Calais Boulogne-sur-Mer Saint-Omer Lille Bethune Lens Arras Dieppe Cherbourg Le Havre Caen Rouen Evreux Lisieux Saint-Malo Brest Saint-Brieuc Quimper Lorient Vannes Orlans Angers Blois Saint-Nazaire Nantes Cholet La Rochesur-Yon Fontenay-le-Comte Niort La Rochelle Vichy y Saintes Angoulme Prigueux Brive-la-Gaillarde Bordeaux Mrignac Pessac Agen Rodez Als Albi Dax Bayonne Pau Tarbes Saint-Gaudens Carcassonne Narbonne Castres Nmes Libourne Bergerac Aurillac Limoges Clermont-Ferrand Roanne Chatellerault Poitiers Montluon Moulins Saumur Tours Vierzon Bourges Nevers Chateauroux Dinan Rennes Laval Dreux Alenon Chartres Meaux Evry Melun Troyes MontereauFaut-Yonne Sens Auxerre Beauvais Compigne B i Creil Soissons Reims Epernay Abbeville Amiens Roubaix Villeneuve-d'Ascq DouaiValenciennes Maubeuge Cambrai Saint-Quentin
Chaumont
Epinal
Colmar
Vesoul Dijon
Belfort
Montbliard Besanon
Le Puy-en-Velay
Montlimar
Mont-de-Marsan
Nice Antibes
Bziers
Montpellier
Bastia
50,6 10,1
Ajaccio
Franchise
100 km
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GEOMARKETING
The explanatory data for that statistical model can be broken down in 4 categories 1
COMMERCE
VARIABLE
1. 1 Department stores 2. Multi-brands apparel stores 3. Retail shoes stores
FAMILIES
COEFF.
0,020 0 020 - 0,072 - 0,232 - 0,615 0,191 - 0,018 - 0,136
VARIABLE
5. Family headed by a retired person 6. Couples 7. Family with working man, non working woman + a child 8. Family with working man, non working woman + 2 children 9. Family with working man, non working woman + > 3 children 10.Number of children aged 7 to 16
Source : INSEE ABCD Familles
11. Number of fiscal household in 1996 (x10) 12. Overall net income in 1996 (10000) 13. Number of main residence (x10) 14. Number of secondary residence
15. 15 Overall population (x10) 16. Female population (x10) 17. Active population (x10) 18. Female population aged 0 to 4 19. Female population aged 5 to 10 20. Female population aged 11 to 15 21. Female population aged 16 to 18 p p g 22. Male population aged 11 to 15
Source : INSEE ABCD Chiffres cls ABCD pyramide des ges
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GEOMARKETING
Model 2 OBJECTIVES
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GEOMARKETING
Identification of explanatory variables for market share and associated weighting factors.
Hypotheses generation fro assessment of target market share
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10 12 14
0 Aix en Provence Aix en Provence Aix en Provence Aix en Provence Aix en Provence Aix en Provence Aix en Provence Bourges Bourges Bourges Bourges Bourges Bourges Brest Brest Brest Brest Brest Compigne Compigne Compigne Compigne Compigne Compigne Dijon Dijon Dijon Dijon Dijon Dijon La Rochelle La Rochelle La Rochelle La Rochelle Le Havre Le Havre Le Havre Le Havre Montluon Montluon Montluon Montluon Montluon Neuilly Neuilly Neuilly Neuilly Neuilly Neuilly Neuilly Orlans Orlans St Etienne St Etienne St Etienne St Etienne St Etienne St Etienne St Nazaire St Nazaire St Nazaire St Nazaire 8 10 12 14 0 2 4 6 Villes TOWNS Part de march estime Estimated
GEOMARKETING
Data analysis often shows discrepancies estimated and actual market shares
52
GEOMARKETING
Model 3 OBJECTIVES
Accessible sales
Define how long a shop can take to reach its accessible potential
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GEOMARKETING
1.
Histories tables over a decade have been set up h b t Sales evolution have been a a ysed analysed :
Year base, Term base, Month base.
2.
3.
The shape of the various curves has helped determine the typical trajectory for a shop
time
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GEOMARKETING
Between 70 to 90% of the sales potential was reach in the 1st year in most of the Petit Bateau POS
Shops ramp up Monte en rgime des boutiques
100 90 80 70 60 50 40 30 20 10 0 T1 / N0 T2 / N0 T3 / N0 T4 / N0 T1 / N1 T2 / N1 T3 / N1 T4 / N1 T1 / N2 T3 / N2 T4 / N2 T1 / N3 T2 / N3 T3 / N3 T1 / N4 T3 / N4 T4 / N4 T1 / N5 T2 / N5 T3 / N5 T2 / N2 T4 / N3 T2 / N4 T4 / N5
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84 locations where the brand was not yet implanted showed interesting potential
CLASSEMENT DES 100 PREMIERES ZONES O PETIT BATEAU N'EST PAS IMPLANT ET POTENTIEL ESTIM
Courbevoie Le Chesnay BoulogneBillancourt Saint-Omer Boulogne-sur-Mer Bethune Lens Arras Dieppe Tourcoing Villeneuve-d'Ascq Douai Cambrai Dieppe Maubeuge Arras Les Ulis
15 km
GEOMARKETING
CHIFFRE D'AFFAIRES ACCESSIBLE DES 84 PREMIERES ZONES O PETIT BATEAU N'EST PAS IMPLANT
Cergy Aulnay-sous-Bois Courbevoie Fontenaysous-Bois Le Chesnay Saint-Omer Tourcoing Villeneuve-d'Ascq Bethune Lens Douai Cambrai Maubeuge Les Ulis
15 km
Chelles Noisy-leGrand
Chelles Noisy-leGrand
Crteil
BoulogneBillancourt
Crteil
Reims Evreux Epernay Evry Dreux MontereauFaut-Yonne Melun Chaumont Sens Saint-Dizier Verdun
Thionville Lisieux Haguenau Saint-Brieuc Dinan Epinal Quimper Saint-Malo Alenon Dreux Evry MontereauFaut-Yonne Melun Sens Saint-Dizier Evreux
Verdun
Thionville
Epinal
Quimper Vannes Blois Saumur Cholet La Roche-sur-Yon Chateauroux Poitiers Moulins Niort Tours Vierzon
Auxerre
Vesoul
Vannes Tours Saumur Cholet Blois Vierzon Nevers Chateauroux Poitiers Moulins
PETIT BATEAU - BOSSARD Consultants - AEBK - juillet 1997
Auxerre
Nevers
Lons-leSaunier Thonon-les-Bains
La Roche-sur-Yon
Lons-leSaunier
Vichy Saintes Angoulme Villefranche-sur-Sane Limoges Bourgoin-Jallieu Vienne Prigueux Brive-laGaillarde Aurillac Le Puy-en-Velay
Annemasse
Brive-laGaillarde Aurillac
Mrignac Pessac
Libourne
Gap Rodez
Als Avignon Cavaillon Albi Grasse Cannes Montpellier Toulon Hyres Saint-Gaudens La Seyne-sur-Mer Perpignan Perpignan Narbonne La Seyne-sur-Mer Nice Antibes Dax Bayonne Pau Toulon Montpellier Avignon Grasse Nice Antibes Cannes
Bastia
Bastia
Potentiel estim
en millions de francs 101,3 50,5 23,7
Localisation
Succursales Franchises
100 km
de 2,5 3 de 2 2,5
100 km
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Agenda