Wednesday, January 1, 2020
Jcpenney Analysis Report Essay - 5035 Words
Executive Summary Client: JCPenney Target audience: Females age 25-34 Challenge: Develop a $100 million proposal for a national, fullyintegrated marketing campaign to run February 2012 to February 2013, designed to increase market share among females 25-34 years old. With this campaign PARA will not only increase shopping frequency and grow share of wallet among current female customers ages 25-34, but will compel women to choose JCPenney for every first impression. Through PARAââ¬â¢s research, critical analysis and understanding of the company, market, target audience and media, PARA has created a fully-integrated marketing campaign that will guarantee new female JCPenney shoppers age 25-34 as well as re-create loyalty among femaleâ⬠¦show more contentâ⬠¦Exclusive social networking and company/customer relations through direct custom marketing and web interactions Increase in Internet shopping, easier/cheaper to buy and sell clothes Continuing to define their relationship with their consumers Use of their name recognition as a re-branding plus 14% over the course of the past fifteen years $156 Billion Projected online retail sales in late 2010 according to a report by Forrester Characteristics of JCPenney that may give it a slight disadvantage over its major competitors in its market Weaknesses Competition has greatly increased between JCPenney and its competitors: Kohlââ¬â¢s Corporation, and Macyââ¬â¢s Incorporated. United States economic downturn, consumer spending also drastically declined Because JCPenneyââ¬â¢s wide variety of products, it faces stiff competition from a large variety of companies must target more specific demographics Lack of establishment as a suitable company in terms of technologically advances lifestyles and ever changing lifestyles of consumers and brand momentum. Lack of consumer confidence in brand value, style and quality. Problem What exactly is the issue that JCPenney faces and how will JCPenney overcome this obstacle? ââ¬Å"JCPenney must become more approachable, fun andShow MoreRelatedFinancial Analysis Essay1187 Words à |à 5 Pagesmeasured by financial ratios. In order to reach these ratios a financial analysis must be done on the companyââ¬â¢s financial information. Financial analysis is the evaluation, selection and interpretation of financial data to assist in investment and financial decision-making. 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Unbeknownst to our group this information would be helpful in developing a proposal and portions would lead directly to our proposal. It will be discussed in the proposal analysis how our proposal is associated with the strengths, weaknesses, opportunities, and threats of Dillardââ¬â¢s and shed some light on how these areas of research led to the proposal of Dillardââ¬â¢s implementing beauty salons in their existing stores acrossRead MoreNike Erp Supply Demand Study1217 Words à |à 5 Pagesconsidered actual production constraints to improve the fl ow of materials within a factory and offered more sophisticated monitoring, decision-support and execution capabilitiesâ⬠. Their customer portfolio included Bell Helicopter, Hewlett-Packard, JCPenney, General Motors, Procter Gamble, Penske Logistics, PepsiCo, Ryder System Inc., Samsung, Southwest Airlines and U. S. Steel. Rapid growth for the company was seen in in the early turn of the century with the company breaking the $1 billion dollarRead MoreJc Penney Company Overview Essay3473 Words à |à 14 Pagesto JC Penney, sales per square foot in off-mall stores are about $100 higher than mall based stores. J.C. Penney is one of the leading retailers in the United States gives, and therefore, has a well known name and band of loyal customers. A recent report on J.C. Penney Corporation, Inc. states strengths that JC Penney Co. has compared to competing corporations. J.C. Penneyââ¬â¢s focuses on customer service to keep them coming back. They developed a training focusing on putting the customer first. The
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