Professional Documents
Culture Documents
Group 2 - Macys
Group 2 - Macys
Brands
Apoorv Dixit 014 | Gurkiran Kaur 029 | Himanil Singh 032 | Suman Kundu 081 | Sushant Sharma 082
C ategory
History of Departmental Retail
As the Industrial Revolution Selfridges was established in By the 21st century, the grand
In 1878 a New York Times
accelerated economy 1909 by American-born Harry Paris department stores had
headline announced "The
expansion, the affluent Gordon Selfridge on Oxford difficulty surviving in the new
Great Sixth-Avenue Bazaar;
middle-class grew in size and Street. The company's economic world. In 2015, just
Opening Day at Macy & Co.’s
wealth. Urbanized social innovative marketing four remained; Au Bon
– A Place Where Almost
groups, sharing a culture of promoted the radical notion of Marché, now owned by the
Anything May Be Bought."
consumption and changing shopping for pleasure rather luxury goods firm LVMH;
fashions, were the catalyst for than necessity and its BHV; Galeries Lafayette and
the retail revolution. techniques were adopted by Printemps.
modern department stores the
world over.
Evolution of Departmental Retail
SOURCE: http://www.bbc.com/culture/bespoke/story/20150326-a-history-of-the-department-store/index.html
Dynamics of Departmental Retail
▪ Disposable income.
▪ Indian consumer has found a new mode in online retail.
▪ Most of the stores are now targeting the masses so it is
▪ With added return policies in the online store people have
difficult to create a niche for premium clothing.
become less reluctant to buy fashion online.
▪ Increasing interest of consumers when it comes to buying
▪ With every household having both the members working it is
fashion online.
more feasible to order online and save time.
▪ High end products are now available as well as popular
▪ Window shopping is much easier online.
online.
▪ Impulse buying is a huge factor in sale of online retail.
▪ With increasing online offers the user base is expanding.
B rand
The business of Macy’s
Macy’s Industry Role in Life
▪ Founded - 1859
▪ Demographic:
▪ SEC A1,A2,B1,B2,B3
▪ Behavioral/Psychographic
▪ Age doesn’t matter, but dressing rightly for it does. ▪ Now, no matter what one is doing, one has to look the
part. Be it the office professional, the idealistic child, the
▪ The elderly of the society are expected to wear the most party starter or the star.
basic of clothing as they are not supposed to be
▪ Society becoming more liberal in terms of the roles
open-minded.
played by youngsters i.e. enabling them to pursue
▪ Magazines and blogs are flooded with articles on “How to something which is more than a typical 9 to 5 job
dress your age”.
▪ The growth of social media has influenced the
▪ While aged social influencers like Milind Soman or Mr. millennials of the society to become more conscious of
Bacchhan are appreciated when they dress out of their presence online, thus they now dress to impress
conformity, yet when the elderly in our own society try and show off amongst their peers. Therefore for the
doing the same, they are restricted from doing so. same they need to constantly reinvent their look.
Cultural Tension
▪ As individualistic natures are coming to the forefront, the ▪ Brands have started moving into omni channel retail,
meaning of vacation has changed from the typical family attempting to tap into the online fashion market space.
holiday to backpacking through the mountains and
▪ Brands establishing their presence on all levels be it
escaping from the city life.
OOH, print or even social media. This has led to the
▪ These kind of escapades increasingly are establishing their consumer being constantly exposed to the brand
presence and will soon develop into a proper associative advertising thus subconsciously being driven towards
identity type. This identity would thus require its own purchasing its products.
appearance i.e. clothing style.
“Millennials want to express themselves but don’t find trendy - quality clothes at affordable prices”
Millennials are expressive and want new things Their Price –spec notion is very high
B rand Direction
ART Framework
The Pressure : Trendy and quality based clothes needed at affordable prices
▪ Act – Create ATL/BTL content and get famous youth icons to promote the message - being trendy and different is ok !
▪ Reject – Create an experience on the Next website with high quality immersive content that shows being different is good and
create transactional advertisement with “Price” as the primary feature.
▪ Twist – Create a youth anthem for being different and showcase the statement “Make your Next move, differently” by creating
experience centers in offline stores and immersive content online on the website.
By using the elements of Attribute, Benefits, Voice and Moments, we want to make a Brand proposition for Macy’s Next : We don’t sell
clothes, we make trends happen.
Brand statement:
“Be Trendin ...”
A mplify Platform
Hero
We will start a media campaign on the theme highlighting the experience with an aspirational voice over (90 seconds videos). The ad
would depict the evolution of the brand and their constant evolution with customers changing needs.
DIGITISATION AT STORES:
Post creating an omnichannel experience we would identify workable processes that can be digitalised at the store. We propose the ideas of
NFC enabled automatic checkouts .
To amplify the cause of omnichannel we will make web series or else do brand collaboration with a widely appreciated sit come with globally
renowned a listers and carry a series of product placements in the web series
Help