Last week we had a couple of field visits which made us do the practical implications of our theories. Firstly we went to Stuttgart to BREUNINGER which is one of the biggest shopping malls consisting of all the big brands from Burberry to Gucci. The mall is designed in a very organized manner- different section for bags, watches, clothing and the merchandise has great depth. There we were asked to do a group activity and study the target market and best selling products of two brands (luxury brand and the other chosen was young fashion). The mall has both luxury brands as well as economy ones-everything is provided under one roof catering to all segments of the market. After the activity got over we had time to go for our own personal shopping which made my day. After our shopping spree, the teacher in charge took us to this India restaurant ‘PUNJAB GARDEN’ where we had Indian food which was decent though nothing compared to Delhi food. The next day we all went to METZINGEN which has Hugo Boss Factory where all the exquisite pieces are made consisting of all the latest machinery and great care is taken of every merchandise. Their technology and product line was far efficient as compared with Indian production. Even the pattern was computerised and they had two different 2inch n 5 inch cutting machineries. At every stage of production the merchandise was iron although normally the merchandise is ironed after the final production. The tailor even had hand done hemming to make sure that the customer pays extra in return. It is the most expensive brand in hugo boss. They had different machinery to even press the sleeve shoulders. Metzingen has factory outlets of all the brands be it Burberry, Esprit, S.Oliver, D&G, etc. there is a huge variation in prices and one can shop at discounted prices. I had lot of fun and enjoyed thoroughly.
LDT Nagold
Tuesday, June 29, 2010
Tuesday, June 22, 2010
Global trade partners in Germany has been my favourite class. I have learned a lot about brands , consumer , trends , problems in Germany. Its not difficult to sell in Germany difficult is to build a brand image. They are facing a young fashion problem because majority of the population is dependent. Another problem is they don’t have production in Germany, only the sample designing is done here. The target group here from the company’s prospective are –
1. Age
2. Look of fashion
3. Size.
Companies are targeting one of the above group.
Age group target brand are street one, S. Oliver girl , Madonna (25-35) etc
Comma , Marc Aurel , more and more (35-50) etc
Size group target brands are Betty Barclay, Cecil etc
Look for fashion is brands which have short fashion and they are the one who initiate new fashion and within 4 months the rest of the brands copy the fashion.
Germans are very brand conscious. 61% of them are individualistic, 35% of them follow group fashion (peer pleasure) and only 4% of them don’t care what they wear. Brand name and brand image are very important here and so is who owns the company.
It is said that if you need to be successful in a company first thing is dressing sense. To proof your style people spend huge on shoes and watches here.
Germany has 6 sizes in merchandise
Normal size
Tall size
Short size
Normal belly
Short belly with short legs
Normal with short belly
So every company follows their own sizes. They don’t have any as such standard german size. They follow one of the above size. Germans are the biggest fashion consumer.
Germany has three distribution chanel. Retails , departmental store and internet /vertical shops.
Some of the vertical companies are new yorker , zara , mango , zero , c&a . System companies are street one , cecil , s.oliver , spirit etc.
They have a pyramid of brands
Alpha – those brands which are dominant in their own sector. Example male fashion – hugo boss
Beta – brands which go down.
Gama – brands which are in crisis.
Companies have huge amount of advertisement budget . germans come across 3000 advertisement in a day.
In the later half of the class we had german class. Where mrs copper taught us some basic greeting manner in german , how to communicate while shopping . it was really sweet of her to get us a menu card and help us translate it in English.
Monday, June 21, 2010
The next week was really interesting as I had lot of fun and learnt lot of new things about the European Market. I was quite surprised when I came to know that Germany is facing young fashion problems majorly because of population as people fall in the age group of 35-65. People here spend money mainly on accommodation, food and international travel. Learning all these new things about a completely different country was a really good learning experience. The brands here do not have problems selling clothes but they face major issues while selling their brand image. We all went to Madonna which is a very famous brand for the youth and sells affordable fashion- we all did order training there (we made teams and calculated square per feet, were given a budget to buy the merchandise and in the end we displayed the collection for October which had less of colours and more of basic wear as preferred by Germans). They appreciated us and guided us how do we have to go about buying the merchandise in Germany keeping in mind the target market. I even studied basic German here which was a nice experience though it is difficult. Next we had a class with Mr. Reddy who taught us more about the German culture and what the problems are faced by Germans- sense of social apathy, social envy, and German victimisation, thrifty; do not trust easily, collapse of the family model. Later in the day LDT had a barbeque organised for us which was a delightful experience and we even participated by helping them in cutting vegetables, setting the table, etc.
Monday, June 14, 2010
although the store is huge and have great product line and depth but they need to value ones time also. its very cumbersome to walk all the three floor for 2 or three things.
yesterday we went to mercedes benz mesuem . it was 8 story buliding with a entery fee of 4 euro.. i think they can increase the fee to 5 euro.. because its very beautiful and undercharge for their services.. the history of the company and the sucess was delivered to us by a audio tape.. while walking we can hear about the cars and company as in when we cross the cars.
this kind of experience can be charged a little high.
14 june
we had a class - negotiations with europeans. it was a very basic class .. where we started with a group excerise pointing to the level of expectations from germany and the fullfillment of it.
we were taught about emotions , gestures , body language and different country culture...
in all it was great learning and now i can say i know a little about the germans.
- the mall have all the national and international brands
- its catering to the age group of 16-45
- its on the high way... so who so ever come they buy somthing for sure
- it has a parking space of around 4500 carsthey have easy access to the mall by bus and metro stationthey