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1.History of Coco Chanel 2.Company Profile 3.Area of Research 4.Hypothesis 5.Questionnaire with data analysis 6.Chanels Point of View 7. Conclusion 8.Our Recommendation for Chanel
History of Chanel
Name: Gabrielle Coco Chanel Date of Birth: 1883
In Saumur, in the Loire Valley of France First Shop: Chanel opened her first shop in Paris on 1913. Date of Death: 1971
Place:
Company Profile
She adopted the identify Coco during a short care as
a cafe and concert singer 1905-1908. By the 1920s, her fashion house had expanded considerably, and her blouse formed a style trend with its "little boy" appearances In 1922 Coco Chanel announced a scent, Chanel No. 5 that became and remained popular, and remains a profitable product of Chanel's company. Pierre Wertheimer became her partner in the perfume business in 1924 and he owned 70% of the company when she died. Karl Lagerfeld has been chief designer of Chanel's fashion house since 1983.
Area Of Research
The Marketing Mix '4ps' of Coco Chanel organization in Egypt. 1) Product: perfume, Makeup, skin care, Bags and Accessorize. 2) Price: According to Main location in Paris currency: Skin care from $43 till $524 Makeup from $24 till $68 Bags from $1200 till $5000 Accessorize from $60 till $500 Perfumes from $73 till $156 3) Place: Airports and local markets (Faces, Mazaya) 4) Promotion: Television advertising, limited as Chanel depend on brand name.
Hypothesis
If we increase stores of Chanel, product will
be available.
If we decrease prices and increase sales
Questionnaire Analysis
80%
70%
60%
50% 40% 30% 20% 10% 0% Quality Price Brand Image
Questionnaire Analysis
What is the minimum price that you are willing to spend on our product?
45% 40%
35%
30% 25% 20% 15%
10%
5% 0%
200-400 400-600
Questionnaire Analysis
70%
From where 60% did you hear 50% about Chanel? 40%
30%
20%
10% 0%
Family & Friends Ads on Tvs
Questionnaire Analysis
Rate the following about Chanel in Egypt. 5=Maximum 1=Minimum 40% 35% 30% 25% 20% 15% 10% 5% 0%
Advertising
take a big areas from the shop than other brands, dedicated BAs .local market and duty free
Chanel saw that there customer are committed
Chanel manage its 4p's a) Price: retail price from the supplier b) Product: three categories (perfume, cosmetics, skin care)duty free local market c) Promotion: no promotion d) Place: duty free, local market adds additional prices range from 100 to 150 channel products, according to the product.
Conclusion
Chanel is the premier fashion designers in France. Its fashion themes include: Make-up, Perfumes, Accessories and Bags. Also we concluded that Chanel targeting on A and B classes, and its promotion only through net and fliers. Chanel organization depends on its customer's loyalty to its product and they know that customers are satisfied with their products, and they feel elegant with it. They didnt make promotions like offers on their products when they charged to local market and dusty free, but they only makes launched campaign one shot it is usually done once or twice a year.
distributes its product and should be more than two ( local market and duty free). We recommend that Chanel should open its own store in famous places, like malls to make their customers comfortable in founding there products and raise products availability.
from questionnaire we recommended that prices should be lower in all products specially Bags and Perfumes range from 200 till 600. 3rd Product: we recommended that Chanel products are 100% satisfying the customer's needs and made them feel elegant and beautiful. Also it has high quality so they didnt need to change anything on it.
Thank You!