Download pptx - Michael Kors--Nan Ding

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Page 1: Michael Kors--Nan Ding

Presented by Nan Ding

Page 2: Michael Kors--Nan Ding

Apparel and accessories

Young men and women

enjoying American

elite fashion

Founded in 1981, 95 countries

Jet-set American lifestyles

Page 3: Michael Kors--Nan Ding

Strengths

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Weaknesses

Limited number of distribution

facilities

Source: http://www.wsj.com/articles/popular-or-overexposed-michael-kors-walks-thin-line-1406911371

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Opportunities

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Threats

Changes in consumer spending patterns

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Competitive Advantages

• Design vision and team • Brand equity • Strong management team• Strong partnerships with leading retail brands

(Macy’s, Neiman Marcus)

Source: https://coachinc.wordpress.com/assignment-1/brand-positioning/competitor-analysis/

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Positioning Map

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Key Success Factors

• The first retailer to fit the market (HENRYs)• Trendy, simple, yet elegant jet-set lifestyle• Innovative design• Enhanced multi-channel strategies

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POPULAR OR OVEREXPOSED?

Michael Kors expansion in the U.S.A

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Reasons for a crash

• Everyone is wearing MK--Kiss of death• Inventories are piling up • The several brands strategy could backfire

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Solutions

• Lesser discounted stores• Develop slowly but surely• Europe and Asia are the target markets• Enhance jet-set lifestyle in product design; develop

accessories segments, men and kid categories

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Asia market: China

Source: http://www.businessinsider.com/michael-kors-is-most-searched-for-brand-2013-2

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Thanks!