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PRIVATE LABEL “STOP”. Abhilasha paul Sunaina Jhakkar Puneet Khurana. Ansoff Matrix for Stop. Existing Products. New Products. Existing Markets. New Markets. Stop is going to grow by tapping new markets with existing products. It falls in the category of Market Development.
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PRIVATE LABEL“STOP” • Abhilashapaul • SunainaJhakkar • PuneetKhurana
Ansoff Matrix for Stop Existing Products New Products Existing Markets New Markets Stop is going to grow by tapping new markets with existing products. It falls in the category of Market Development.
Perceptual Map Price (High) Casual Wear Formal Wear STOP! Price (Low)
Branding Decisions by STOP!
Branding Options Review (3M Model) • Existing Primary Brand • Secondary Brand
Customers Benefits • Brand name, • Excellent quality • Affordable price for masses • Complete offer in one store
How we will do it? • Existing Brand image of “Shoppers Stop” • Through operational efficiency, this has been the key success factor for Shoppers stop over the years. • Bargaining prices from suppliers. • Leveraging brand image of Shoppers stop.
Average Selling Prices (Men’s wear) • Shirts • Super Premium: Rs 2323 • Premium: Rs 1478 • Medium: Rs 878 • Economy: Rs 457 • Low: Rs 317 • Trousers • Super Premium: Rs 2870 • Premium: Rs 1844 • Medium: Rs 1185 • Economy: Rs 548 • Low: Rs 355 Source: Images Yearbook, 2009
Cities Source: Jones Lang LaSalle, 2008
Parameters for Selecting Markets • Men’s Population • Income Patterns • Consumption Patterns • Competitors Strategy • Cities with Existing Shoppers Stop stores • Presence of Mbo’s like Ritu Wears, Max and Chun Mun