Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Read the scenario below and answer ALL the questionsShoprite's foray into fashionIn the first quarter of 2 0 2 3 , the Shoprite Group announced
Read the scenario below and answer ALL the questionsShoprite's foray into fashionIn the first quarter of the Shoprite Group announced entry into the clothing retail business when they launched a new clothing brand UNIQ, and opened the doors to its first standalone fashion store in one of South Africas major city. To date, the positioning of the UNIQ brand remains verge and obsequie. Although sales are increasing steadily, management is not happy that their rand does not resonate with any particular market segment. You are now invited to provide advice on how to position the new UNIQ brand and ensure spontaneous growth.Question MarksShoprite Holdings is already a diversified brand offering before the addition of UNIQ. Utilise the Ansoff Model to assess Shoprite Holdings recent expansion drive.Question MarksThe media stated that the UNIQ brand caters to the whole family yet marketing practitioners claim that A product for everybody is a product for nobody.Analyse the foregoing statement, before demonstrating how to perform a segmentation, targeting and positioning STP process. Suggest suitable target segments or target markets for the UNIQ brand.Question MarksMarketers usually introduce a new offering to the market using a market penetration or a market skimming pricing strategy; a situation not clear for the new brand.Fully examine the two marketentry pricing strategies and advise Shoprite Holdings management if the UNIQ brand adopted any one of the two strategies.Question MarksComing up with a brand name is a rigorous exercise. Organisations spend time and money before they can settle on a specific brand name Withtheforegoingstatementinmind,appraisefivekeybrandnameselectionconsiderationstobeable to judge if UNIQ was a well thought out name. Marks International brands seem to possess similar characteristics. Discuss six characteristics of a good brand name with reference to UNIQ. Marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started