Professional Documents
Culture Documents
Adil Nabeel
Adil Nabeel
MARKETING PLAN
10 JANUARY 2021
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Contents
Executive Summary ............................................................................................. 3
Vision of NOVARO ............................................................................................. 4
Mission Statement ................................................................................................ 4
Environmental Analysis ...................................................................................... 4
Targeting Market ................................................................................................. 7
Industry Analysis ................................................................................................. 8
Competitors ...................................................................................................... 8
4p’s of Marketing Mix ......................................................................................... 9
I. Place ....................................................................................................... 10
II. Promotion ............................................................................................... 10
III. Product ................................................................................................ 12
IV. Price..................................................................................................... 14
Delivery Plan ...................................................................................................... 15
Customer Service ............................................................................................... 15
Internet Marketing Strategy Operations .......................................................... 17
Conclusion .......................................................................................................... 19
References .......................................................................................................... 20
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Executive Summary
The Apparel & Fashion industry of Pakistan playing an important role and has a
high impact on the economy of Pakistan. Fashion is a way of expressing creativity,
and the business of fashion is not only about attractive style and pretty models but
a multi-dimensional enterprise involving many people, each making their
contribution to the bigger picture of this industry. The fashion industry showcases
Pakistan the world over; it has played the role of developing a great image of our
country as a stylish and creative one fashion as a vehicle for expressing ideas and
personal creativity (interest), The royalty of the fashion industry can surely
resuscitate the creativity in Pakistan’s fashion scene. Pakistani clothes express the
Culture of Pakistan, the Demographics of Pakistan and regional Cultures. Dress in
each regional culture reflect weather conditions, way of living and distinctive style
which gives it a unique identity among all cultures.
In Pakistan, there are fast fashion brands like Outfitters, but the issue is that there is
only a limited buying power. In western countries, most youngsters either save up
or work to fulfill their wishes, while in the east, that’s not really the case. Imported
clothes are expensive even if you purchase from cheap brands. It still costs a lot
and damages the wallet. While many want to keep up with fashion trends, there
aren’t a lot of affordable options to purchase from. It’s both good and bad but just
depends upon which perspective you look at it from.
We at Novaro bring the best of all worlds in Pakistan, from cheap rates to the best
online services. This paper will talk about the Novaro’s strategic internet
marketing plan discussing all the aspects related to online procedures.
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Vision of NOVARO
"To attain market leadership through unmatched quality, a diverse and unique
product mix, empowered employees, world-class systems, and the highest ethical
and professional standards."
Mission Statement
NOVARO Textile is devoted to achieve consistent improvement in the system of
providing products & services to the customers through On Time Delivery &
Enhancing Customers Satisfaction by means of Quality and Value.
The mission and vision statements of NOVARO reveal the unwavering passion
and determination of the company to be the leading fashion brand locally. Novaro
has been specializing in virtually all types of fashions including shoes, clothing,
perfumes and other beauty wears, and numerous accessories since 1995. The
mission and vision statements of this company have been crucial in the growth and
popularity it has amassed so far.
Environmental Analysis
Our SWOT analysis will help you learn why it makes Novaro a successful brand.
Strengths
Internal factors enabling Novaro’s growth
Switch to Online: Novaro is investing heavily in bolstering its online sales. The
investment focuses on developing an engaging online buying experience and
integrating existing physical infrastructure. The company aims to generate a
quarter of its revenue through online sales by 2022.
Weaknesses
What makes Novaro unique in the world of fashion is its commitment to revise its
collection every two weeks. This commitment gives Novaro a place at the top of
the industry. But the edge comes at a price.
Fast-Fashion: Interestingly, the trend that helped propel Novaro to the top is the
cause of its most pressing weakness. With the focus on sustainability increasing
among customers and policymakers Novaro’s weakness is balancing sustainability
with fast-fashion.
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Opportunities
One of the biggest advantages Novaro has is its experience in capitalizing on
fashion trends quickly.
Threats
Price War: Fast-fashion, Novaro’s primary niche, brings the latest trends from the
ramp to the customers quickly and at low costs. However, the industry is
vulnerable to imitators waging price wars to leech off from Novaro’s line.
COVID-19: In the first quarter of 2020, Novaro reported a 44% drop in sales.
Novaro report states the closure of 88% of its stores because of the Coronavirus
lead as the central reason for the drop in sales.
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Targeting Market
Fun fact about Pakistani market is that it is incredibly diverse, recalling Pakistan’s
evolutionary history to this date, we have seen influences from the British and
India and currently in the world of internet and social media, and Pakistan’s
fashion sense is visibly influenced by Europe. The target market is composed of
men and women, 18-40 years of age, with mid-range incomes. The target customer
is very fashion forward and trend conscious, residing in an urban area. They are
either shopping for themselves or for their children. Novaro's customers are
definitely sensitive towards having the most up to date and fashionable clothing
and accessories but at an affordable price.
Bachelors
Our priority target is the bachelors segment, since our brand focuses on fast
fashion and changing dynamics of clothing styles and also the pocket friendly
prices while delivering the best quality attracts the desired market we aim to
penetrate.
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Industry Analysis
Textile and Garments is considered the most important sector of Pakistan’s
economy and the largest industry with a 46% share of total manufacturing.
Accounting for 67% of exports, employment for 40% of the workforce and a
10.20% share in GDP confirms the importance of this sector. Pakistan’s large
available human resource pool offers an important incentive for further growth of
this labor intensive industry.
Although Pakistan is the fourth largest cotton producer in the world with strong
spinning and weaving infrastructure, the value added sector (cotton products) has a
small share in exports. The main reason is shortage of training facilities able to
enhance skills and produce competent middle managers having in-depth
knowledge of processes and hands-on experience in contemporary technologies.
Competitors
Direct Competition
Outfitters
Outfitters is a name which is synonymous with fashions & trends in
Pakistan. Established in 2003, this is a company birthed out of an ambitious
investment in the fashion industry by the visionary team. Pioneers of
providing the latest fashion apparel to the Pakistani consumers, Outfitters
has been at the forefront of introducing the latest and trendiest clothes for the
masses.
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Stoneage
STONEAGE Jeans Co is a popular western clothing brand of Pakistan. It
offers denim jeans wear and casual apparels for Men, Women and for Kids
too. The brand officially launched in the year 2005 and since then has made
a name for itself in the competitive market domestically. The brand claimed
to be a vintage inspired, denim based clothing label in the country.
Indirect Competition
Forever21
Forever 21 is able to provide fast fashion, cheap, and trendy clothes to the
market before any of its competitors. Another marketing strategy is that
Forever 21 possesses the ability to launch new items into its retail stores on a
daily basis and it’s able to maintain its production level to the maximum in
order to serve its large customer base.
Marketing strategy helps companies achieve business goals & objectives, and
marketing mix (4Ps) is the widely used framework to define the strategies. This
article elaborates the product, pricing, advertising & distribution strategies used by
Novaro.
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I. Place
Novaro has a competitively strong reach throughout the country with over
36 stores. Novaro also sells through its online store. All these cover the
marketing mix place & distribution strategy of the brand. It is a vertically
integrated company. Novaro’s supply chain is what provides them a
competitive advantage. It uses its unique business model to bring new
products and fashion to the market in shortest time possible. Store managers
send orders to the headquarters twice a week based on the sales data of the
store and the shoppers’ preferences. The commercial team compiles the
order then sends it to the manufacturing hub. The commercial team also
coordinates with the in-house designers to find out new trends and develop
new products. New products are produced in relatively small batches which
helps them give exclusivity.
Most of the Novaro stores are owned by the company and are not a
franchise. This helps in keeping the shopping experience at Novaro intact
and. The stores are located in posh locations and are spacious and modern in
look with walled mirrors and excellent lightings.
II. Promotion
Novaro’s unique selling proposition is its short processing time, a large
variety of styles and affordable pricing. It usually relies on word of mouth
promotion and social media. During spring and winter season Novaro
heavily pushes towards the promotion of the brand and uses expensive
marketing tools. Novaro’s social media reach is quite exceptional. It has 2.5
million followers on Facebook and 10 million followers on Instagram. These
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healthy numbers on the popular social media platforms are one of the crucial
reasons why Novaro is a preferred brand among the consumers.
Here are some of Novaro’s promotional and advertising strategies:
Since NOVARO group has a wide range of product portfolio catering to
different segments, it uses multi-channel promotional strategy in its
marketing mix.
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UGC “#novarobling”
We have opted to activate UGC protocol 5 times a year, since we know it’s
very necessary for our brand and many others. Our hashtag #novarobling
will always be our fan’s forever memorable hashtag. What we do is that we
choose the best photos from Instagram following our hashtags, we add
display it on our website and our official pages. Everyone knows that want
to be featured on the trendiest brand and we are whole heartedly giving them
a chance.
III. Product
Novaro is one of the leading luxury fashion labels in the world. Novaro’s
offer products for men, women and children. It offers jeans, trousers, tops,
skirts, knitwear, T-shirts, shoes, bags and accessories. All these are the
product strategy in the marketing mix of Novaro. It is a one stop solution for
everyone whether you want to buy formals or causals. One can choose from
different styles Novaro has to offer. It launches at least 3000 new designs in
a year. Novaro products are a hit with the high end fashionistas as well as
with the masses. The taste of the target market influences the availability of
products line. Novaro also teams up with local talent to provide best fashion
trends.
Quality Control
One of Novara’s main challenges is to offer ever more sustainable products.
This means working hard on product design, on selecting the right processes
and raw materials to be used, and on the whole production process in
general, right through to the end of the product’s life cycle.
Achieving maximum product quality is closely linked to sustainability: in
our view, maximum quality means safe products that are manufactured in
appropriate social and environmental conditions. To achieve this, we work at
every stage of the value chain – from design through the right choice of raw
materials, and the manufacturing and distribution processes, right up until
the end of the product lifecycle – using the best available techniques to
reduce consumption and environmental impact, especially when it comes to
greenhouse gases.
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At Novaro, this standard is reflected on labels explaining the added
environmental value of these products. Novaro Join Life labels identify
items produced using the most sustainable raw materials, such as organic
cotton or recycled materials; forest-based synthetic fibers made using an
efficient process; or clothing produced with technology using renewable
energy, or that demonstrates efficient use of energy or water.
IV. Price
Novaro provides latest fashion at much lower prices in all its international
stores as compared to other competing international brands. Novaro follows
low pricing strategy. It can afford to do that as it doesn’t spend enormous
amount of money on advertisements and raw material. It has an overall low
cost structure compared to its competitors. Novaro’s prices are country
specific. The tagging on their products are done locally in each respective
market. Novaro sets market-based pricing strategy which sets the target price
consumer is willing to pay. The budget for production according to the target
price. This in turn fixes the profit margin they earn on every item. This gives
an insight on the marketing mix pricing strategy of Novaro.
The brand uses various schemes as a way of sales promotion. Novaro has
low level of discounting around the year and discount sales of 50% or more
twice in a year. Fans of our brand also eagerly wait for the end of the season
sale and end of the year sale, and the Holy Festival of Pakistan, because we
promise our loyal customers a substantial price drops and amazing sale
prices.
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Delivery Plan
"In with the new and out with the old" sums up today's world of fast fashion. Ever-
shorter product life cycles, the lure of global brands, the rise of social media and
multiple distribution channels demand a market-responsive and agile supply chain
solution. Our aims for end-to-end order management services combined with
effective consolidation of shipments allow on-time delivery without compromising
cost.
Our delivery plan strictly follows abides by these motives:
1. Late cut-off times and short lead times in order fulfillment
2. Growing volume through e-commerce generating a higher number of returns
3. Multi-channel distribution driving frequent deliveries to brick-and-mortar
stores, which can reduce the ability to batch pick orders at distribution and
fulfillment
4. Reduced inventory and the ability to handle a growing number of SKUs and
turnover
5. Direct to consumer, retail and wholesale fashion sellers need distribution and
fulfillment solutions that can be flexible and accommodate seasonal peaks,
like Black Friday and back-to-school
Customer Service
We place the customer at the very center of our business model. Knowing and
delivering exactly what our customers want -no matter where they are- demands
meticulous organization, close attention to detail, and industry-leading
technological innovation in every part of our value chain.
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Whether we are designing, manufacturing, or distributing our products, we are
always looking at how our operations can improve customer service and the
quality of the customer experience – while honoring the commitments to
sustainability that our customers expect from us. Listening to feedback, making
short production runs, and investing in state-of-the art logistics allows us to
pinpoint and meet customer needs, refreshing our stores and online platforms with
new styles twice a week.
Our payments are accepted from any means of payment services from debit and
credit card to cash on delivery and online local network operator wallet apps
(easypaisa, Jazz Cash, Upaisa etc.). Alongside with the ease of payment we have
care about our customer’s product satisfaction. Upon delivery or purchase of
product from store, we provide a 10 days money back guarantee.
Customer-focused innovations
Agility and precision behind the scenes is only half the story. How we
respond to customer needs face-to-face and online is just as important. Every
morning in every store our teams discuss how they can serve customers
better, and they take part in comprehensive training programs centered on
enhancing customer relations.
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talk to us about everything from the latest trends to supply chain integrity,
giving us the chance to explain our commitments to sustainability, society
and the environment. Novaro currently has over 7 million followers on
twitter.
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same user searches for Instagram so we’ll simultaneously take use of Instagram
too.
Mobile Advertising
Messaging
Mobile text ads offer a direct and easy way to communicate with
individuals. The way they can complement other forms of advertising is
especially important. For example, a text ad that is sent out to remind
someone that an email was sent to them before.
Response times are usually fast as well, so results can be seen more quickly
than in other forms of advertising. While it may be tempting to think that
these ads are intrusive, data shows that potential customers value the direct
updates from brands (when used sparingly).
Conclusion
The dynamics of the world have been heavily influenced by the advent of internet
and the possibilities of other technologies. It has brought many changes to the
consumerism of the people. Branding a product online is a much challenging task
since it’s already saturated in the web. Many companies fail to do so because of
many reasons. Novaro isn’t just all about bringing online feasibility but also
bringing the best in the clothes for the people of Pakistan which will continue to be
the most preferred choice.
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References
https://www.ukessays.com/essays/marketing/digital-marketing-plan-
novaro-clothing-marketing-essay.php
https://www.slideshare.net/faisalgeek/outfitters-ebusiness
https://www.mbaskool.com/marketing-mix/products/16999-novaro.html
Brătianu, C., & Bălănescu, G. V. (2008). Vision, mission and corporate
values. A comparative analysis of the top 50 US companies.
Management & Marketing, 3(3), 19-38.
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