Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ is an e-commerce miracle: Its sweatshirts, t-shirts, and polo shirts, almost entirely sourced and produced in New York and sold only via the web,

XYZ is an e-commerce miracle: Its sweatshirts, t-shirts, and polo shirts, almost entirely sourced and produced in New York and sold only via the web, are comfortable, flattering, durable, and popular with a fanatical fan base. CEO John Smith says its business has tripled each year since its launch in 2015. The company's products routinely sell out and can be back-ordered for weeks. And Slate spoke for many fans when it called American Hulk's primary product "the greatest hoodie ever made.

1- " Identify two market segments you think XYZ should target with their hoodie product; for each segment, describe their profile using market segmentation variables. 

2-  Write a positioning statement for American Giant that is targeted to one of the segments you just identified. 

3- Other than competition, what factors might cause American Giant to reposition its product?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Lets address the questions regarding market segmentation a positioning statement and factors influencing product repositioning for XYZ particularly fo... 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_2

Step: 3

blur-text-image_3

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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan K. Wolcott

2nd Edition

978-0-470-7694, 0470769424, 978-0470769423

More Books

Students also viewed these Marketing questions