In 2004, they introduced the MICHAEL Michael Kors collection,
which has a strong focus on accessories, in addition to offering footwear and
apparel. The MICHAEL Michael Kors collection is carried in all of their own
"lifestyle stores" as well as leading department stores throughout
the world, including,and among others, Bloomingdale's, Nordstrom, and Macy's,
This collection targeted the lower/middle class, offering
sales and discounts on this collection that would draws lower income customers
to have a chance to treat themselves to a luxury band. This collection you
would see more in magazines such as Seventeen, Allure, Glamour, and
Marie Clair. These two primary collections target a broad customer
base while retaining a premium luxury image
Monday, February 25, 2013
Ch. 4 - The Marketing Environment
Sunday, February 17, 2013
Ch. 3 - Ethics & Social Responsibility
In 2012, Michael Kors donated 5 million dollars to "God love We deliver", a New York non- profit organization that cooks and delivers individually tailored meals daily to people living with severe illness throughout New York, Newark and Hudson country. This donation was the largest in New York social services organizations history.
Code Of Conduct
Michael Kors has a code of conduct which is based on principles if ethics business practice and recognition of the dignity of others.
Privacy policy
There is nothing like shopping on-line and being able to trust the sites you shop on knowing your personal information would not get exposed.
Michael kors values their customers and they provide satisification in securing your privacy
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Tuesday, February 12, 2013
Ch. 2 - Strategic Planning for Competitive Advantage
Michael Kors developed a celebrity fan base early on with the idea of getting his designs exposed and out there and soon expanding his cliental. In 1993 he filed for bankruptcy, he was expanding too fast with little research of how well his brand will do out there in the clothing market. A few years later Michael Kors bounced back launching a lower priced line, selling high price and low priced lines in department stores in 1990's. Michael Kors told news headlines the key to success was expanding his line to appeal to women at every size and every price point. Michael Kors has 169 stores in North America and 34 in Europe. The company is based in Hong Kong reported net income of $72.5 million revenue of $803 million in FY 2011.
Ch. 1 - Overview of Marketing (Brief History and Mission Statement)
Michael Kors products unique and represents the highest standard of quality, include apparel, accessories and beauty. Michael Kors lifestyle-driven company embraces the highest standards of creativity, quality, technology and human resources.
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