Why these segments will be beneficial to this business

Assignment Help Marketing Management
Reference no: EM133410492

Case Study: The Reitmans in Toronto's Dufferin Mall is sandwiched between a luggage outlet and a fragrance shop, with a discount jeweller and a popcorn stand, with flavours presumably intended to attract (Kicking Creamy Caramel) and repel (Ketchup), nearby.

Without our customers, we have nothing LISA REITMAN A late November visit found the atmosphere to be preChristmas festive. Harry Connick Jr.was crooning about Santa "making a list and checking it twice" over the sound system. The store's window display was empty of haute couture and straight to the point:"Black Friday - 40% off everything."

A steady stream of middleaged women passed through the doors, mostly, it seemed, to browse. Three young, exceedingly polite, non-pushy salespeople, with lanyards around their necks listing sale-priced items, cheerfully answered questions about moisture-wicking, knock-off yoga pants ($40), sparkly sequinned cocktail dresses ($60) and checkerboard-patterned slacks suitable for office work ($24.99).

"There is a good sale on today," a cashier helpfully offered as a shopper asked about an item that was not available at the Dufferin location, before registering her email at the checkout desk. She was promised the item she wanted could be delivered to her door the next day; all that was required was an email address and a few simple clicks.

The exchange was a realtime example of what Lisa Reitman is referring to when she talks about the customer being "the focal point of everything we do," and how it took a pandemic to drive home that message.

"Without our customers, we have nothing, we are literally nothing, and so they need to be at the table in every decision, every process, everything we do going forward, and I think COVID helped amplify that for us," she said. "It has made us better, smarter and more efficient in all that we do. We are much more focused that they get what they want when they want it."

The name of the game in retail is about making things easy for consumers, so that when a person who buys, say, that red blouse at Reitmans and loves it, or simply loves what she paid, orders the white blouse online when she gets home. Getting an email address also allows the clothier to stay in contact and offer more deals, more stuff, while building a sense of community.

Nail the consumer experience and get the fashion and the fit right, and your casual Black Friday browser could become the next Reitmans super fan who tells her friends about the great deals, and then maybe posts a shot of herself looking awesome in that new white blouse on Instagram.

"If Reitmans is able to get that synergy going between their retail locations and their online presence, and make it easier for customers to get stuff, the more stuff they are going to get," Soberman said. "It is as simple as that."

Take Lisa's job title: Vice President of customer experience. Five years ago, the job didn't exist, nor did the avalanche of data Reitmans now has its fingertips to better understand its customers' buying habits.

Questions: Answer the following question

By using examples from the article, share two customer segments created by Reitmans. Please provide 1 reason each for why these segments will be beneficial to this business.

Reference no: EM133410492

Questions Cloud

How is this problem impacting other areas of your life : How is this problem impacting other areas of your life? What are the possible choices one could make in this situation and what are the potential outcomes
Scientific community-application of biotechnology : Within the scientific community, it is believed that the application of biotechnology gives the ability to provide proper nutrient food for the world.
How would you go about analyzing the company situation : If you were in Eron's position, how would you go about analyzing the company situation and why? Should you involve the CEO in the social media function
Explain 2 things reitmans could do to ensure that : You purchased two business suits from Reitmans but you do not like the fit and are regretting this purchase. What is this behaviour called? Explain 2 things
Why these segments will be beneficial to this business : By using examples from the article, share two customer segments created by Reitmans. Please provide 1 reason each for why these segments will be beneficial
Identify which nervous system structures : Identify which nervous system structures are involved in that sensory system. Explain why this change in the nervous system has occurred.
Explain what it means when they say you realize that change : Explain what it means when they say You realize that change is typically hard work, and you are willing to stay with clients as they go through this difficult
What definitions of critical do you see : What definitions of critical do you see? How is the use of "critical" across these assets similar to or different from each other? How do they compare
What demographic might this marketing philosophy apply : To what demographic(s) might this marketing philosophy apply? Is it a "multi-generational" marketing strategy?

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd