Introduction “So glam, so Kylie.” That’s the motto of Kylie Cosmetics, one of the newest companies from the United States to join the cosmetics industry. Despite it being around for only less than a year, Kylie Cosmetics has been highly raved about by many mainly due to its owner being Kylie Jenner, a known television personality. Kylie Cosmetics was initially praised for its lip kits where consumers would get the ‘perfect pout’ or the ‘perfect Kylie look’. Eventually, the company turned into an all around cosmetics brand, providing makeup lovers with more than just lip products. Kylie Cosmetics provides what Kylie’s fans would want – the opportunity to be, and possibly look, just like her. Even so, every company has its highs and lows, depending on various factors that play a part in their successes. Therefore, this essay will evaluate the external environment of Kylie Cosmetics. It will focus on two forms of analysis – PESTEL as well as Porter’s Five Forces - in order to conclude the company’s current state. PESTEL - Political Political refers to how stable political issues are in a country and to what extent they affect the business industry. For example, according to Kylie Cosmetics’ official site, they can no longer ship their products to Turkey as it has placed a ban on the import of all cosmetics products. This could possibly decrease the number of potential customers. However, the ban can result in an increase in demand from consumers living in Turkey. Should they
Customer Experiences The customer experiences at Ulta Beauty are a part of what keeps its customers coming back and, in a lot of cases, part of its Ultamate Rewards Program. These customer experiences can be seen in the comments and replies on Ulta Beauty’s social media accounts, but also in personal posts from customers, as well as in YouTube videos. Ulta Beauty recognizes this and has begun to reach out to some of the makeup and beauty “gurus” on YouTube and social media (see Figure 5). YouTube in particular has become a large platform for vloggers (video bloggers) to create content in the realm of hair and beauty.
Selfridges, also known as Selfridge & Co., is located in the United Kingdom and well-known and unique because of its history and how it currently operates. Selfridges was established by Harry Gordon Selfridge on 15 March 1909. It is a chain of high-end department stores whose flagship store on London’s Oxford Street is the second largest shop in the UK. Since 2003, Selfridges has been under the ownership of Galen Weston and has its stores at Oxford Street in London, in Birmingham and at Trafford and Exchange Square in Manchester. Selfridges won the Best Department Store in the World at the Global Department Store Summits in 2010, 2012 and 2014 (Selfridges, 2015a,b).
Every mans dream and every women’s envy. What it must be like to know you have such a magical spell on people. Candice Swanepoel is now a household name in the fashion industry. For last years fashion show, Candice was given the honor to wear the ten million dollar fantasy bra. This has helped make Candice the “it” girl.
Always trying to satisfy customers with all beauty needs in skin, brow, hair, and cosmetics departments. (2009/17) Ulta Beauty's mission statement is, "We're on a quest to bring the fun and beauty to all – Constantly delighting our guests with all things beauty all in one place while offering rewarding careers for our passionate, beauty-loving associates." (2000) This missions statement reflects Ulta Beauty's goal to attract all types of beauty lovers with one place that offers all their beauty needs but also about opportunities for a career in the beauty
2.0 Introduction to Boots Boots UK Limited is a pharmacy chain operating in United Kingdom and Ireland which sells health and beauty products along with operating an optician service. It was first established in 1849 by John Boot, and was formerly known as ‘Boots the Chemist’. Boots ( the trading name of the company) has achieved many successes throughout its career that it can be called a very successful, pharmacy-led health and beauty company, despite its ups and downs which are going to be mentioned further in this assignment. Boots UK is officially branch of a multinational company, Alliance Boots GmbH which operates in over 25 countries around the world.(Boots-uk.com, n.d.) 3.0 Current Marketing Situation Boots is a member of Alliance
The formers countries exports will also be affected sooner or
Victoria Secret was profitable enough in their first year, for the company to open four more physical locations, as well as a mail order catalogue. Although Roy Raymond’s policy was initially profitable, but as we will discuss in the later parts of this paper, it also had its downsides that almost led to the bankruptcy of Victoria Secret. Today, Victoria Secret is a multi billion dollar conglomerate with more than a thousand stores in more than 180 countries generating an annual income of over five billion. 2. PESTEL ANALYSIS The external environment of a company can affect everything from company policies, finances, sales, targeted customers and can be a deciding factor in whether the company remains for another season.
5. Trade barriers and unfavorable political conditions can also affect the export
After her death Karl Lagerfeld became his successor, currently he is the mastermind behind the world-famous, top-selling luxury brand. Chanel soon expanded the product range and started to design luxury hats, clothes, fragrances, accessories and cosmetics. The ideology behind the brand is elegancy, beauty and self-respect of women; Chanel has a parallelism with personal identity embedded into luxury. This is illustrated by the current slogan of N˚5
Part A Unethical action is an action that falls outside of what is considered morally right or proper for an individual, group or an industry. Animal testing, which also known as animal experiment. It was an action that was cruel to the animal, forcing the animals to undergo something that causes pain and suffer. (Crueltyfreeinternational.org, 2018) Meanwhile in the beauty and cosmetics industry, testing cosmetic using animal was a common process to go by.
This critique is a reflection of Strategic Industry Analysis of clothing Industry in United Kingdom, Italy and France. To achieve such aims, data were collected, reviewed and analyzed within the industry. By so doing, primary tools were exploited to give an in-depth information, these include: Orbis database, companies' web pages as well as academic and non-academic literatures. Due to limited information from countries' perspective (language barriers), this paper will analyze the European union clothing industry as a whole, in term of the development, the competitiveness and the disparity between top and bottom players in regards to financial performance.
International marketing strategy is a combination of marketing principle that could be used to formulate a marketing strategy for specific products and services within one or more countries to extend or internationalise the company. The research paper is based on the international marketing strategy of Nike Inc. (a Sports Apparel retail company working internationally) to help the management of the company shortlist and identify potential market for them to expand their business. It utilised macro and micro analysis of the sports retail market to identify the potentials of the industry that would help them to increase their business performance in the international marketplace. Macro Factors PESTLE It is noted that PESTLE is one of the most important and effective that often used by organisations in order to assess different macro factors that influence their activities in a negative manner (Li, et al., 2014).
Lancôme immediately creates an association with Paris and happiness. It further positions itself as an award winning luxury brand. With brand ambassadors who aim to embody the vision of the brand, it clearly delivers a message that the range of products involved caters to the ‘elite’ economic strata of the society. Alike L’Oreal Paris, Lancôme too would have to adopt a strategy that develops a good customer lifetime value. c.
These elements have helped Chanel to maintain their position in the luxury market. For example, Chanel’s jewelry is made from diamonds and white gold of 18 carat. Its bags are high class, fashionable and ready-to-wear. Its makeup line and fragrances are only sold in the most elegant and luxurious stores around the world. Chanel will never look as something cheap that anyone could wear, this makes the brand much more
2.0 Porter’s five forces of Levi’s Strauss Threat of new entrants – low • Entry into a market where the production volume is so high already is not really a threat because the cost of production goes down. • Levi’s can produce more at a lower price and possibly sell for more. Bargaining power of supplier – low • Competition within manufacturer is high since it is mass – produced. • Manufacturer is located in many third world countries: Central America, China, Cambodia therefore Levi’s can switch to other manufacturer easily.