Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Back story - The Cottage is a retail business established in 2014, celebrating its 10th anniversary in 2024. The business primarily deals in clothing, water

Back story - "The Cottage" is a retail business established in 2014, celebrating its 10th anniversary in 2024. The business primarily deals in clothing, water sports equipment, and unique housewares, with an ancillary service of providing a Purolator depot for local convenience. Their upcoming anniversary presents an opportunity for the company to rejuvenate its brand, offering enhanced experiences and engaging with the community.

Personification of the Business: The business embodies values of honesty, authenticity, and nature. If personified, it would resemble someone friendly, rustic yet charming, and closely connected to nature, having undergone a significant transformation or "glow-up".

Target Market and Clientele: "The Cottage" appeals to a broad age range from teenagers to individuals in their youthful 40s and 50s. Families, especially cottagers, form a large chunk of their clientele, who tend to spend between $300-500 per visit. Local residents, despite a significant portion having a low income, also regularly patronize the store.

Future Vision: There's a clear desire for the brand to grow strategically, ensuring a cohesive presentation both online and offline. By the end of 2023, the company aims to have updated brand aesthetics, an increase in sales, efficient inventory management, and optimized staff working hours. Their long-term vision for 2033 is to create a multi-functional space that integrates retail with entertainment, complete with features like a cafe, mini-golf, and ice-cream shop. Emphasis will also be placed on local employment and environmental considerations like electric vehicle spaces.

Competition & Strategy: The market landscape consists of a mix of competitors, from home decor to clothing stores. Recognizing this, "The Cottage" has devised adaptive pricing strategies and diversified product lines to cater to various customer segments.

Objective Analysis (based on images): From 2023 to 2028, the company has a projected revenue target and is willing to invest between $100,000 to $150,000 to achieve its goals. They're gearing up for a significant Phase 1 launch or revamp, which includes plans for cottage refresh, grounds cleanup, mini-golf, and possibly an ice-cream venture.

Store Aesthetics: Slide visuals suggest a strong Canadian influence, with decor elements like the Canadian flag, canoes, and pure maple syrup. The business appears to be deeply rooted in Canadian traditions and outdoor activities, highlighting a connection with nature and local communities.

WENDY JONES PROFILE Gender Age Education Occupation City. Female 42 Bachelor's degree Sales Manager HavelockFill the picture use bullet points and i will put them in

WENDY JONES PROFILE Gender Age Education Occupation City. Female 42 Bachelor's degree Sales Manager Havelock BIOGRAPHY Wendy Jones is a dynamic sales manager hailing from Havelock. Ontario. Armed with a Bachelor's degree. Wendy has navigated through her professional sphere with dedication and zeal, blending her academic background with real-world experiences. MOTIVATIONS GOALS PAIN POINTS Wendy is wary of brands that prioritize quantity over quality, especially when she's investing for her events. Juggling between her profession and personal life. She appreciates businesses that offer swift and efficient service. She occasionally has to travel, which takes her away from her family and disrupts her routine. PERSONALITY Introvert Thinking Judging Sensing TECHNOLOGY Twitter Instagram Facebook S Extrovert Feeling Perceiving Intuition

Step by Step Solution

There are 3 Steps involved in it

Step: 1

It appears that youre asking for a description or some additional information to fill in a persona p... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

9th Edition

1337614689, 1337614688, 9781337668262, 978-1337614689

More Books

Students also viewed these General Management questions

Question

Draw three-dimensional representations or make molecular models of

Answered: 1 week ago

Question

What are the application procedures?

Answered: 1 week ago

Question

1. What does dorsal mean, and what is its oppositepg78

Answered: 1 week ago