Fashion Promotion Through Advertising and the Press.
-
Upload
kelly-perry -
Category
Documents
-
view
225 -
download
3
Transcript of Fashion Promotion Through Advertising and the Press.
Objectives:Explain the purposes for, and levels of, fashion promotionDescribe fashion promotion planning, follow-through, budgeting, and ethicsSummarize the purposes for, and types of, fashion advertisingDescribe advertising agencies and freelancersSummarize advertising strategy and mediaExplain how to develop effective print advertisementsIdentify parts of print advertisementsDefine public relations and publicityGive examples of the fashion press
Fashion Promotion
Promotion mix in fashion includes advertising, public relations, publicity, visual merchandising, and special eventsMix based on characteristics of products and the market
Advertising Mix
Fashion Cycle Promotion
PEAK
RISE
OBSOLESCENCEINTRODUCTION
DECLINE
Introduce trends and create interest in new fashions
Store persuades consumers that theirs is the best
Stores emphasize price with large markdowns
Motivate consumer to increase desire for fashion
Gain consumer loyalty with reduced prices
Purposes of Fashion Promotion
InformPersuadeRemind Consumers gain information about what they want, why they want it, and when and where to buy itEncourages additional purchases
Promotion Levels
Distribution chain
Promotion happens through all levels of production and distribution
Apparel
Retail
Consumers
TextilesTrade
Promotion
Retail Promotion
Consumer Promotion
Promotion Program 6-Month Plan
Promotion goals and objectives for selling certain merchandise; depends on How long company has been established Size, location, image, and philosophy Nature of the competition
Message or themeSpecific activitiesTiming of the activitiesMedia mix to be usedAssignments of responsibilityBudgetEvaluation methods
Putting the Promotion Plan into Action
Six-month plan Calendars chart each
promotion activity month-by-month
Show planning, budgeting, and preparation needed before each event
Stores may involve the following: Promotion directors Ad agencies or
consultants
Calculating Promotion Expenses
Usually 5%-8% of firm’s anticipated annual sales
Use previous year’s expenditures as a base and then add percent based on sales trends
Sometimes based on what competitors spend (hard to obtain this information)
Allocating Promotion Budgets
Top-down Senior management
develops promotion budget allocations
Bottom-up Merchandising employees
develop a promotion plan and estimate budget needed to carry out plan
Affordability Allocating what company
feels they can afford
Ethics in Promotion
Deceptive promotion occurs when information presented misleadsDeceptive prices Retailers put higher prices
on items before marking them down
Deceptive products Making false or misleading
claims about productsDeceptive sales Bait and switch
Types of AdvertisingProduct Designed to sell specific
merchandise or services
Institutional Designed to sell the
image or reputation of an organization
National Companies that sell
products nationwide
Regional and Local Retailers in same area
Cooperative Advertising
The sharing of advertising and its costs by two or more organizationsProducers of brand-name goods may help retailers with local advertising and costsManufacturers may place restrictions on retailers to qualify for co-op money
Pros and Cons to Coop
Additional product exposure
Share ad costs
Producer prestige
Retail prestige
Manufacturers get retailer feedback
Local ads get better placement and cost
May tempt retailers to buy wrong products
Lots of record keeping
Retailers may overcharge manufacturer
Effects stores with set ad contracts
Competition
Extra work for buyer and ad departments
Advertising Services and Strategies
Advertising agencies provide advertising expertiseHelp in planning an advertising platform that Defines target market Summarizes product
features that will please Sets general theme Coordinates
advertising pieces
Advertising Media Forms
NewspapersMagazinesOutdoor (billboards)Direct mailProduct packagingRadioTelevisionVideo and DVDWeb sites
Effective Print AdsMotivate consumer to buyEye-catchingCommunicate clearly to target audienceComponents of print ads Headline Copy and illustrations Logo and/or slogan White space
Layout: How elements of ad are put together
Public RelationsActivities planned to build good relations with customers, stockholders, government, community groups, and laborPublicity: Unpaid media coverage about an organizationPress releases: Written “news” to media that they may or may not use
Functions of the Fashion Press
Communicate fashion information to consumersPublish advertisementsShop worldwide markets for newsworthy stylesPerform market researchInfluence manufacturers to create new itemsProvide industry informationProvide point of sale ads to retailersFashion shows and seminars