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BMCI Draft Final
BMCI Draft Final
The research paper investigates the challenges faced by the once celebrated lingerie
brand Victoria’s Secret, its concerningly increasing disconnect with customer base over the
years, and ultimately gives recommendations for revitalising the brand. Three individuals
have been interviewed to get a better understanding of the brand’s standing in the market.
Two of the participants have already worked with the brand before as sales associates
where they got to interact with customers almost daily and observe their preferences,
perceptions, buying habits up close. While the third participant was a student, she has
been a regular customer of the brand In the past. All three of them gave great insights into
how the brand has been making active changes to keep more in touch with modern
consumer wants. However, it has also been mentioned that the brand’s recent efforts have
not been enough to translate into more customers. Hence, requiring an urgent plan for
effective revitalisation.
Table of contents
1. Title Page
2. Executive Summary
3. Table of contents
4. Introduction
4. 1 Research Question
4.2 Objectives
6. Literature Review
7. Research design
10. References
11. Appendix
Introduction
Victoria's Secret is an internationally recognised American lingerie company that has made
a lasting impact on the fashion industry, with a notable emphasis on the UK. Known for its
glamorous allure and popular runway shows, Victoria's Secret has long maintained a
distinctive position in the intimate clothing industry. However recent challenges, along with
shifting consumer tastes and heightened competition, have tainted the brand's once-
unassailable!reputation, forcing it to go from administration to liquidation in the UK
market before returning back with 27 new stores. By examining the potential impact of
inclusive!marketing on the emotional!connection of UK consumers, the research aims to
provide strategic insights for revitalising Victoria’s!Secret.
Research Question
How can Victoria’s Secret effectively revitalise its brand identity in the UK market , and
what is the impact of these strategies on the emotional connection between the brand and
UK consumers?
Objectives
1. Analyse the challenges in Victoria's Secret’s evolutionary process along with the
historical shifts in consumer expectations that prompted the brand to reassess its brand
identity.
2. Assess the effectiveness of specific inclusive marketing strategies implemented by
Victoria's Secret.
3. Utilise interviews to explore the emotional connections between consumers in the U.K.
and Victoria's Secret before and after the brand revitalisation.
In 1977, Roy Raymond launched Victoria's Secret in San Francisco with the sole purpose
of establishing a high-end lingerie destination that allowed men a welcoming and pleasant
shopping experience, as opposed to the unfriendly environment of department shops.
(Chang, 2017) Victoria’s Secret focused on reinventing lingerie buying experience with its
emphasis on establishing an appealing and intimate atmosphere. According to Statista
(2020a) the company rapidly grew to become one of the most significant and
valuable brands in the global marketplace.
In an effort to cope with the shifting norms of society, Victoria's Secret is exploring inclusive
marketing strategies. With a wider range of sizes and ethnicities shown in its advertising,
the brand is endeavouring toward a more diversified image of beauty and body positivity.
The below table shows that the company had 26 running stores in 2020 in the UK and
Ireland which then got transferred to Joint venture by 2021.
Victoria’s Secret’s quarterly reports(2023) suggest that the brand’s sales for the
international market (including the UK) have dropped from $163.5 millions in the previous
year to $159.6 millions for the third quarter of 2023. Thus showing a decline in sales for
the brand.
Shemona Safaya(2023) stated that the total sales in stores of International market were
lower 11% and 2.4% respectively when compared to the previous year.
PESTLE Analysis
Political Economic
1. The whole fashion industry has been suffering
1. Jill Lawless(2022) suggested that the owing to the ongoing economic challenges
successive-resignations of UK Prime!Ministers faced by the UK. The purchasing power of the
Boris!Johnson and Liz Truss led to a state of consumers has decreased which in turn has
significant political-instability. This turmoil has resulted in lower sales. (Amrit, 2021)
caused apprehensions within the fashion
industry. Since the appointment of the new 2. Clothing manufacturing is known to be costly in
prime minister, Rishi Sunak, companies are the UK, prompting several giants to outsource
seeking increased support to enhance their their fashion production. In alignment with this
competitiveness on a global scale. trend, Victoria’s Secret sources its product
lines strategically from countries including Sri
2. According to Lucy Tobin(2019) the!UK imports Lanka, China, Vietnam, the United States and
approximately £10 billion!worth of clothes and Indonesia.
shoes from!Europe each year. Therefore, it
needs very good!relations with the European!
Union as much of the disruption is a bitter
aftermath of breaking off from them.
Social Technological
1. Research carried out by Angele Storey for 1. Intense online competition necessitates
Office for National Statistics U.K. (2023) Victoria's Secret to proactively embrace
indicates that the number of senior citizens in technology. With over a third of lingerie
the UK is rising. The percentage of people 65 consumers shopping online (Mintel, 2018) and
and older in the population is more than 18.6%. Britons spending an average of 24 hours a
This doesn’t bode well for Victoria’s Secret as week online (Ofcom, 2018), recognising and
it’s target audience is under 45. leveraging technological advancements,
especially through social media, is crucial for
2. In terms of inclusivity, diversity, and body Victoria's Secret UK to stay ahead in the online
image perceptions, Victoria's Secret must retail landscape.
adjust to shifting social norms. Through
proactive marketing efforts and product offers, 2. Moreover, incorporating virtual trial rooms can
the company can enhance their relationship enhance customer experience. Hysculpt(2023)
with their intended audience. (Madame Vision, reported that retailers who have already
2023) implemented such fitting rooms report a 23%
increase in their average orders.
Legal Environmental
In the research paper “Victoria’s Secret: A case study of maintaining brand relevance”
(2016) author Polina Ponomarenko argues that the customer profile for the brand is as
follows:
Demographics:
• Education: Degree
• Income: Middle to high income group
Geographic:
Psychographics:
• Lifestyle: Fashion-conscious, health-conscious, and active.
• Personality: Confident, open minded, and style-conscious.
• Values: Values personal appearance and self-expression.
• Interests: Fashion, fitness, beauty, and self-care.
Basic Traits:
Hobbies:
• Shopping
• Socialising
When it comes to cost, Victoria's Secret is on a higher plane than significant competitors
like Skims and Calvin Klein. Although the brand's products are known for their excellent
quality, pricing puts them apart from more cost effective substitutes on the market.
Based on primary research, specifically Participant 2's insights, it has been noted that
consumers might be exploring their options, such Marks & Spencer, since it provides a
wider selection of sizing alternatives. The cost element also enhances the allure by
offering a more affordable choice without compromising quality.
In accordance to this positioning map, Victoria’s Secret may find it difficult to maintain its
grip on to buyers who are becoming more and more concerned with striking a balance
between quality, sizing options, and pricing.
Literature review
Keller's Brand Resonance Pyramid is a structured framework that describes the stages of
consumer-brand relationships. It offers key insights on how brand identity plays a pivotal
role in creating resonance, where consumers develop a long-term loyal association with
the brand. Raut, Brito & Pawar (2020) define brand resonance as the “extent to which a
consumer develops strong behavioural, psychological, and social bonds with the brands
they consume.” This pyramid comprises 4 key levels, each representing a distinct facet of
brand resonance
1. Identity: At the base of the pyramid, the emphasis is on building well-defined brand’s
identity. This entails establishing brand awareness by fostering a distinct and memorable
brand presence. The process of creating brand image is just not limited to visual identity,
brand name and logo but rather crafting a narrative that resonates with the consumers.
This stage is the foundation upon which the entire framework rests, as it is pivotal in
shaping consumer’s long term relationship with the brand
2. Meaning: Moving up the pyramid, the meaning level focuses on the judgements &
associations attached with the brand. This determines consumer's personal thoughts,
perceptions, and evaluations of the brand image based on its values & attributes.
3. Response: At the third stage of pyramid, the emphasis is evoking customer’s emotions
& rational towards the brand. This allows customers to cultivate a deeper connection and
positive emotional response with the brand.
4. Resonance: At the peak of the pyramid, the resonance level represents the strongest &
most profound degree of consumer-brand relationship. Customers at this level create a
community, which is characterised by loyalty, strong advocacy, & deep emotional
connection with the brand. (Keller: 2009).
Therefore, the weaker the brand resonance, the greater the consumer’s dissonance with
the brand, and hence they will perceive a weaker relationship with the brand and vice-
versa.
Model such as Elaboration Likelihood Model of Persuasion are set out to provide
advertisers/researchers with a framework to predict the effectiveness of marketing
communication, as it offers a clear guidance on understanding the ways in which
consumer attitudes might be developed or changed (and for how long) based on the length
and nature of thinking one engages in (Petty and Cacioppo, 1984). Shrum, Liu and Nespoli
(2012) state that the ELM is a framework aiming to maximise the “effectiveness of the
persuasion for messages”.
Petty and Cacioppo (1984) argues that there are two paths, central or peripheral, in which
an individual processes a persuasion. Although, the route chosen by the receiver depends
on its likelihood of evaluating the information presented, which in turn, is influenced by
one’s motivation and ability to process the same (Solomon et al. 2006). Factors that affect
a receivers motivation and ability are specific to the message context (message length,
repetition etc), or internal to the person (prior knowledge, emotional bias etc).
Central route
It suggests that consumer’s behaviour in the central route are formed only after they
extensively evaluate the message presented. Here, individuals analyse the the quality of
the arguments in terms of personal relevance, distractions, emotional biases etc. in order
to generate a response to the message (Solomon et al. 2006). If the arguments are
“strong”, attitude changes are favourable & enduring (Petty et al. 1983) and vice-versa.
Peripheral route
In contrary, consumer’s attitude in the peripheral route are developed when the consumer
isn’t motivated to evaluate the message or their ability to process is hindered. Solomon et
al. (2006) suggests that in this route, individuals don’t care about the message content,
instead they process the content surrounding the actual message (peripheral cues such as
visual or emotional appeals) which leads to short term and weak consumer attitude (Teeny
et al. 2017).
Hence, ELM suggests that if the message is considered relevant, then the processing will
take the central path where if strong arguments it will create strong favourable attitudes,
whereas if the message is irrelevant, then it will take the peripheral route and lead to weak
and unfavourable change (Dainton & Zelley, 2014).
Research design
My Research design strategy is a single exploratory critical case study using a mono
method qualitative research design. The research has been based on UAL Code of
Practice on Research Ethics 2020 with the consent of all the participants as provided in
the appendix.
Participant Table:
Reason to be
S. No. Occupation Gender Age Pseudonym
chosen
Former
Victoria’s
1 Student Female 21 P1
Secret Sales
Associate
Regular
2 Student Female 22 P2
customer
Former
Victoria's
3 Student Male 22 P3
Secret Sales
Associate
Interview framework:
I have utilised the Brand Resonance Model along with the concept of Inclusive Marketing
to develop my interview framework.
Proposed by Kevin Lane Keller, the model focuses on creating a strong and long-lasting
emotional connection between the brand and consumers. Whereas, inclusive marketing
emphasises the importance of appealing to diverse consumer segments.
1. Participant Information:
- Gather basic information about the participants, including demographics.
3. Brand Awareness:
- Assess participants' awareness of the brand. How familiar are they with the brand's
messaging and marketing?
4. Brand Image:
- What adjectives would they use to describe Victoria's Secret? How does the brand make
them feel?
5. Brand Meaning:
- Explore the meanings participants associate with Victoria's Secret. What values or
lifestyle does the brand represent to them?
6. Brand Response:
- Examine emotional responses to Victoria's Secret. How do participants feel when they
think about or interact with the brand?
7. Brand Resonance:
- Assess the depth of the emotional connection participants have with Victoria's Secret.
Does the brand hold a special place in their hearts? Why or why not?
8. Perceptions of Inclusivity:
- Investigate participants' perceptions of inclusivity in Victoria's Secret's marketing. How
diverse and inclusive do they find the brand's messaging and imagery?
Limitations:
One significant drawback of using interviews to gather data is the potential for interviewers
to share information selectively and to provide biased or misleading answers. Furthermore,
for an unspecified reason, one possible participant turned down the researcher's invitation
to take part in the study. The researcher's initial expectations regarding the amount of data
retrieved were not met, which had a minor effect on the data collection but had no overall
impact on the study. Additionally it is asserted that companies often present misleading
information based on the expectations of its stakeholders rather than the facts.
In this section, each of the themes will be discussed in detail in accordance to the primary
research which was conducted and analysed.:
The theme 'strategic brand rejuvenation’ stemmed from the participants’s opinions that
suggested that Victoria’s Secret has been taking active measures to adjust its image. From
fresh marketing campaigns using models of different ethnicities, age groups and sizes to
brining in more sizes the brand has surely been taking slow but steady steps.
(EuroWeekly, 2022) According to P1, while working at the flagship store, she saw the
changes firsthand when they started catering to sizes they didn’t before. Not only this, they
also dropped their famous ‘Angels’ to possess a wider range of different established
female representatives.
2. Performance Improvement Areas:
The theme ‘Performance Improvement Areas’ includes all the domains that can help
enhance the brand’s image. All of the participants mentioned that the brand’s ongoing
marketing strategies are either inefficient or not convincing enough. P2 took to comparing
the brand with its competitor, SavageXFenty, to state the difference in authentic inclusive
marketing and what felt like a “marketing gambit”. P1 also mentioned that even though the
brand has brought in a few bigger sizes, the customers are not aware of them, which
further goes on to show how the marketing strategies are failing to raise awareness to
draw in more customers. To quote P2, “Careful on what feels realistic and what feels kind
of forced, because that's a very thin layer”
To take a deep dive on objective 1, we are analysing Keller's Brand Resonance Pyramid
and its 4 stages:
1. Brand identity: In the initial years, Victoria’s Secret became immensely popular selling
lingerie designed and marketed through a male gaze. Capitalising on the sexualisation
of women, the brand did manage to make billions for itself but laid a problematic
foundation. The brand's focus on objectifying and strictly defining feminine beauty sent
it down a wrong path that had a detrimental impact on its reputation and image.
4. Resonance: As the brand failed to establish an identity grounded in strong values and
attributes, the customers weren’t able to form either a deeper emotional connection or
a rationale with the brand. The absence of a meaningful brand identity along with
disadvantages including restricted sizes, price hikes, and increased competition in the
market encouraged many consumers to look into other brands while shopping lingerie.
As a result, Victoria's Secret encountered trouble retaining relevance and customer
loyalty among a customer base that was becoming increasingly selective.
Following a great deal of negative feedback from consumers, Victoria's Secret launched a
deliberate campaign to restore its reputation. Acknowledging that a shift was necessary,
the business adopted a number of marketing techniques meant to address complaints and
appeal to a wider range of consumers.
Even while the brand received a lot of attention from consumers and the media, its
attempts at reinventing themselves had issues translating publicity into actual growth
in revenue. The marketing initiatives undertaken by Victoria's Secret included campaigns
featuring a more inclusive representation of body types, increased emphasis on diversity,
and a departure from its traditional marketing approach. While these efforts succeeded in
sparking conversations and drawing attention to the brand's commitment to change, they
did not seamlessly translate into increased sales.
There could be a number of reasons for the discrepancy between increased visibility and
sales conversion. It's probable that the company dealt with persistent skepticism from
customers who doubted the sincerity of the modification or saw them as a hasty reaction to
criticism from the public rather than a sincere dedication to change. Furthermore, the
brand may have had deeply embedded perceptions among consumers, and the
messaging change may not have had a powerful enough impact to significantly alter
consumer behaviour.
As transforming consumer attitudes through the central route is more difficult to achieve
given the higher elaboration demands that are placed on the target audience. Victoria's
Secret focused on changing consumer behaviour through less demanding peripheral route
which turned out to be a hollow victory for them. Thus if they would have focused on taking
the central route by putting in genuine efforts in transforming their values, there could have
been a possibility of being successful in altering the customer emotions. However rather
they took a short cut and chose the peripheral route which resulted in short term and weak
involvement from their customers,
After going through a substantial period of challenges in recent years, Victoria's Secret UK
went into liquidation and then reestablished itself through a joint venture. The company
currently runs 26 stores in the United Kingdom and Ireland. Yet, Victoria's Secret UK's
financial health remain suboptimal. It is evident from my primary research that the
company is actively making adjustments to be more inclusive. However, there is still
a substantial gap with respect to consumer expectations.
The company needs to take steps to revitalise the brand and gain back the lost share of
the market and here are some recommendations:
1. Adopting proactive initiatives that address women's issues—like funding breast cancer
research or raising awareness of women's mental health—would be extremely beneficial
for Victoria's Secret. Perspectives from P1 and P2, who emphasised the lack of
authenticity in the company's marketing activities, have shown that the brand has suffered
a major setback due to the loss of customer trust. For any substantial brand revitalisation,
overcoming this authenticity deficit is essential.
Victoria's Secret has the chance to regain customer confidence organically through
association with genuine and mission-driven causes. Focusing on women's issues not only
contributes to social responsibility but also enables the brand to connect with consumers
on a deeper level. This approach fosters a relationship that speaks to the beliefs and
issues of the target audience, going beyond straightforward marketing strategies.
2. Victoria's Secret may greatly benefit by increasing the range of products it offers to meet
the varied needs of female consumers and engaging with a more diverse demographic.
a. Wide range of sizes: Beyond just focusing on a variety of skin tones, the brand ought
to give special attention to providing a wide range of sizes so that every customer, no
matter what body shape, feels valued and at comfortable. According to P1, customers
would frequently come in and ask for larger-sized bras. They would even go so far as
to claim they were prepared to purchase it and wait weeks if needed, but they were
unable to obtain one due to severe uncertainty in stock. This demonstrates that
Victoria's Secret is losing out on sales even when there is demand. Victoria’ Secret
could also launch adaptable clothing lines that cater to customers with restricted
mobility, following in the footsteps of competitors like Skims, thereby empowering and
boosting confidence. This strategy would highlight the company's commitment to
diversity and provide as further evidence that its marketing initiatives are sincere
corrective actions rather than symbolic gestures. Furthermore, instead of restricting the
selection to plain white, black, brown, or nude lingerie it should be offering a wider
range of design aesthetics in those size such as options of sheer, lace, and other
patterns; thus having equal distribution of products in all sizes. This will enable it to
genuinely establish itself as a brand that honours and celebrates each customer's
distinctiveness.
b. Category expansion: Beyond its traditional focus on women's lingerie, Victoria's Secret
has a potential to enter the market for size-inclusive men's underwear, following the
footsteps of competitors like Savage X Fenty. By entering the men's underwear sector,
Victoria's Secret could substantially grow its customer base. Originally believed to be
a brand dominated by women, with men buying mostly for their partners, the
introduction of an inclusive men's underwear collection can effectively challenge this
dynamic. By doing this, Victoria's Secret broadens the audience it appeals to and
grows its market share by offering a wider variety of products that appeal to men who
value inclusion and style in underwear.
References
3. Office for national statistics (2023): Profile of the older population living in England and
Wales in 2021 and changes since 2011
https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/ageing/
articles/
profileoftheolderpopulationlivinginenglandandwalesin2021andchangessince2011/2023-04-
03#main-points
8. Vision, M. (2023) The transformation of victoria’s secret, Medium. Available at: https://
medium.com/@madamevision/the-transformation-of-victorias-secret-f0ad1cd2e98e
(Accessed: 04 January 2024).
https://www.coursesidekick.com/business/329840
9. Alexy kennedy (no date) Alexy kennedy- final major writing assignment (PDF), Course
Sidekick. Available at: https://www.coursesidekick.com/business/329840 (Accessed: 12
January 2024).
10. Shemona Shafaya (2023) : Victoria’s Secret & Co slips into red in Q3
https://www.just-style.com/news/victorias-secret-co-slips-into-red-in-q3/
11. 2023: Victoria’s Secret & Co. Reports third quarter 2023 results within previous
guidance range; November sales growth supports view of Company's fourth quarter sales
and earnings expectations: https://uk.marketscreener.com/quote/stock/VICTORIA-S-
SECRET-CO-125041255/news/Victoria-s-Secret-Co-Reports-third-quarter-2023-results-
within-previous-guidance-range-November-45475374/
Appendix
3. Interview transcripts:
Interview Transcript Codes Categories
P 21
1:
P Yes, I saw the #TheTour23 post on Instagram. (1) (1) High brand recall
2:
Great, when you think of Victoria’s Secret are there any
speci c adjectives that come to mind to describe the
brand and how does the brand make you feel?
P Yes, the brand does make me feel insecure about myself. (2) Insu cient store merchandise
2: They are trying to be more inclusive now but I still feel
whenever I go to the store I can not always nd my sizes(2).
So it doesn’t make me feel very good about my body.
P My age is 22
3:
I: Can you please provide some basic
information about yourself, your role at
Victoria's Secret, such as the duration of your
employment and the primary responsibilities?
Brand
Sub- Evolving brand Inventory Performance
transformation
Themes image Discrepancies Improvement Areas
initiatives
Changing
Active re-branding Insu cient store
customer merchandise
Marketing gambit
efforts
perception
Losing regular
customers
Lack of awareness of
sizes
ffi
ffi
Participant 1 consent form :
PARTICIPANT INFORMATION
Project Title: How Can Victoria’s Secret Revitalise Its Brand Identity? A Case Study
Exploring The Influence Of Inclusive Marketing On The UK Consumer Emotions.
Student Lead: Nandita Mahajan
Email address: nanditamahajan0@gmail.com
Phone number: +44 7774201382
Please read this sheet carefully and be confident that you understand its contents before
deciding whether to participate.
PRIVACY NOTICE
Your personal data will be processed by UAL on its managed systems for research
purposes with your explicit consent.
Your personal data will be anonymised from the day the interview is conducted till 23rd
January 2024 and deleted on your request or after the project end date 23 January 2024.
You can find more information about UAL and your privacy rights at www.arts.ac.uk/
privacy-information.
CONSENT TEMPLATE
1. I have had the project explained to me, and I have read the information sheet
to be interviewed
that my voice will be audio recorded
that information obtained may be published in an anonymised form.
4. I acknowledge that:
Participant’s Consent
‘I agree to the above as indicated and give my explicit consent under GDPR Art.6(1)(a)
and Art.9(2)(a) for my personal data to be processed by UAL as indicated on this form,
including any special category data I may choose to provide’
(Signature)
Participant 2 consent form :
PARTICIPANT INFORMATION
Project Title: How Can Victoria’s Secret Revitalise Its Brand Identity? A Case Study
Exploring The Influence Of Inclusive Marketing On The UK Consumer Emotions.
Student Lead: Nandita Mahajan
Email address: nanditamahajan0@gmail.com
Phone number: +44 7774201382
Please read this sheet carefully and be confident that you understand its contents before
deciding whether to participate.
Your personal data will be processed by UAL on its managed systems for research
purposes with your explicit consent.
Your personal data will be anonymised from the day the interview is conducted till 23rd
January 2024 and deleted on your request or after the project end date 23 January 2024.
You can find more information about UAL and your privacy rights at www.arts.ac.uk/
privacy-information.
CONSENT TEMPLATE
1. I have had the project explained to me, and I have read the information sheet
to be interviewed
that my voice will be audio recorded
that information obtained may be published in an anonymised form.
4. I acknowledge that:
Participant’s Consent
‘I agree to the above as indicated and give my explicit consent under GDPR Art.6(1)(a)
and Art.9(2)(a) for my personal data to be processed by UAL as indicated on this form,
including any special category data I may choose to provide’
PARTICIPANT INFORMATION
Project Title: How Can Victoria’s Secret Revitalise Its Brand Identity? A Case Study
Exploring The Influence Of Inclusive Marketing On The UK Consumer Emotions.
Student Lead: Nandita Mahajan
Email address: nanditamahajan0@gmail.com
Phone number: +44 7774201382
Please read this sheet carefully and be confident that you understand its contents before
deciding whether to participate.
PRIVACY NOTICE
Your personal data will be processed by UAL on its managed systems for research
purposes with your explicit consent.
Your personal data will be anonymised from the day the interview is conducted till 23rd
January 2024 and deleted on your request or after the project end date 23 January 2024.
You can find more information about UAL and your privacy rights at www.arts.ac.uk/
privacy-information.
CONSENT TEMPLATE
1. I have had the project explained to me, and I have read the information sheet
to be interviewed
that my voice will be audio recorded
that information obtained may be published in an anonymised form.
4. I acknowledge that:
Participant’s Consent
‘I agree to the above as indicated and give my explicit consent under GDPR Art.6(1)(a)
and Art.9(2)(a) for my personal data to be processed by UAL as indicated on this form,
including any special category data I may choose to provide’
(Signature)