Date post: | 13-May-2015 |
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Business |
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*Owner-Maxwell Kohl*Started in 1946 at Wisconsin as Kohl Food Store*In 1983, the grocery stores were sold to A&P but operated under the name Kohl's Food Store*In 1992, the company went public and a period of expansion began*In February 2003, A&P put the Kohl's Food Stores up for sale, as part of an effort to reduce debt*In June 2003, A&P announced their plans to close*As of January 2011, Kohl's stores were in 49 of the 50 states (only excluding Hawaii.)
* Has offered online shopping since 2000
GROWTH OF KOHL’S• QUICK GROWTH.
• Located in strip shopping centers
• Stores located in Convenient Malls.
• Q4 – 2012 Sales ($18.82 Bn) increased by 5.4%
• Online Presence
• Revenue - $18 Billion
• expansion strategy - 1146 Stores in 49 States
MARKETING STRATEGY OF KOHLS
Visual graphic elements in stores
ADS for Exclusive Product Lines
Marketing Intelligence TEAM TO ANALYZE MARKET
Kohl's Builds on Exclusive Brand Strategy
Core Customers are MARRIED Women (ages 25 to 54)
SOCIAL MEDIA MARKETING
COMPETITIVE ADVANTAGE FOR KOHL’S
KOHL'S JC PENNEY DILLARDS SEARS MACY'S
CUSTOMER RELATIONSHIP SCORE
5.7 5.6 5.5 5.5 5.4
UNIQUE BENEFIT SCORE 5.4 5.1 4.9 4.9 4.8
4.34.54.74.95.15.35.55.7
SCOR
E
penetration across the store
successful business partnership
WIDE Prices ($9.99 to $149.99) savings
opportunities.
NEW Brands and marketing initiatives
Easy-to-Shop Layouts AND 3 distinct
Customer Styles
classic customer
updated Customer
contemporary customer.
Small Stores
Discount and offers
Low cost of operations
36% OWN Stores and 64% on Lease.
ROOM FOR IMPROVEMENT
Inventory Allocation
STRATEGY FOR INDIA• Tie up with Indian Conglomerate.
• Store should be small or mid size
• Wide range of product.
• Local and exclusive brand combination.
• Customer oriented approach
• Price oriented strategy
• Demographic store location
• Family and men oriented store
• Multiple usage of marketing tactics
• Festival day approach