View
221
Download
1
Embed Size (px)
Citation preview
What is BLUEFLY?
“The Ultimate Hookup for the
Fashion Obsessed”
“…Bluefly features a dynamic design, superior customer service, and the most advanced search technology available through an online apparel store.”
What is BLUEFLY?
Online Off-Price E-tailer that Sells In Season / On-Trend: Designer Apparel (Men and Women) Accessories Home Decor
Target Market
Women 25-49
Upper-Middle and Upper
Class, but still looking for
a “bargain”
Fashion Forward
Target Market
Career and Social-Life Balance Important
Read Vogue, Harper’s Bazaar, In Style, etc…
Watch Sex and the City
Company History
Evolved from Pivot Rules Golf Apparel into Bluefly, Inc. which was Founded in 1991
Initial public offering was on May 21, 1997
Bluefly.com was launched in 1998
The First Off-Price Designer Outlet Online
“We always have to be nimble, fast and ready to turn directions on a dime. The “Fly” seemed to perfectly symbolize our objectives. The idea of "Blue" really came from giving the name a friendly personality....and thus, "Bluefly" was born.”
The Buzz on BLUEFLY
George Soros Owns 75% of Bluefly, Inc.
Offers 10,000 SKUs from 350 Labels
85 Employees
“Why I BLUEFLY”
First E-Tailer of Discount Designer Apparel and Accessories
Loyal Customer Base
Website Clean Design Easy to Navigate
Successful Advertising and Promotion
What Doesn’t Fly with BLUEFLY
Financial Performance Yet to Show a Profit
2005 Total Revenue $58.8 million 2005 Net Income -$3.8 million
Chronically low stock prices Has so far avoided NASDAQ delisting Current prices under $1
Ways to Fly Higher
More Diverse Designers
Up and Coming Designers
Overall Company Growth
Possible Expansion into Other Retail Formats
Fly-Swatters
Emergence of New Competitors YOOX.com eLuxury.com eBay.com
Brick & Click Nordstrom Sak’s Fifth Avenue Neiman Marcus
Sources
Bluefly.com
http://www.adjab.com/2005/09/12/cable-nets-reject-bluefly-com-ad/
http://finance.yahoo.com
http://hoovers.com/bluefly/--ID__53166--/free-co-factsheet.xhtml
www.internetretailer.com/dailyNews.asp?id=16088
Derby, M. (2004). Bluefly sets up shop outside web. Women’s Wear Daily, 188(114), 15-15.
Dollarhide, M. Bluefly buzz bags shoppers. (2006). Incentive, 180(1), 10-10.
Hawn, C. (2005). Bluefly swatter. Business, 6(9), 70-700.
Hein, K. (2006). Marketers test line between porn and P.C. Brandweek, 47(33), 4-4.
Moin, D. (2004). Bluefly founder exits. Women’s Wear Daily, 188(44), 26-26.