Cartier is a well-known luxury brand and being considered a "luxury brand" itself, connotes a certain feel of exclusivity, excellent quality, high-level precision and outstanding craftsmanship which makes its target consumers only a small and niche-type of population. Its main target market or target audience belong to the luxury sector of the market who are individuals classified at the top-end spectrum of wealth and social economic status. Usually, its target consumers spend heavily on authentic and famous luxury brands to further enhance their image and position in the society therefore it set a strong calling and demand to remain loyal to the brand. Cartier based on its strategic approach is to connect existing Cartier costumers to the brand and continue to give them unique experiences while also capturing new clients who may be interacting with the brand for the first time. Also, Cartier, for its geographic segmentation, has a fantastic geographical spread. The brand added different shops in Europe, Middle East, The Americas, Japan, and the rest of Asia. The new Sortilege de Cartier collection attempts to capture our personality, motives, and lifestyle which constitute a good psychographic segmentation for the brand.Friday, November 30, 2012
Chapter 8 - Segmenting and Targeting Markets
Cartier is a well-known luxury brand and being considered a "luxury brand" itself, connotes a certain feel of exclusivity, excellent quality, high-level precision and outstanding craftsmanship which makes its target consumers only a small and niche-type of population. Its main target market or target audience belong to the luxury sector of the market who are individuals classified at the top-end spectrum of wealth and social economic status. Usually, its target consumers spend heavily on authentic and famous luxury brands to further enhance their image and position in the society therefore it set a strong calling and demand to remain loyal to the brand. Cartier based on its strategic approach is to connect existing Cartier costumers to the brand and continue to give them unique experiences while also capturing new clients who may be interacting with the brand for the first time. Also, Cartier, for its geographic segmentation, has a fantastic geographical spread. The brand added different shops in Europe, Middle East, The Americas, Japan, and the rest of Asia. The new Sortilege de Cartier collection attempts to capture our personality, motives, and lifestyle which constitute a good psychographic segmentation for the brand.Saturday, November 24, 2012
Chapter 11- Developing and managing products
Sunday, November 18, 2012
Chapter 16 : Integrated Marketing Communication
Cartier and all smart luxury brands want to cultivate an audience who are willing and enthusiastic to become brand evangelists. Cartier designs are also a great influence to their direct competitors. Cartier has differentiation as luxury brand based on competitive advantages linked to buyer desires for status, image, prestige, upscale, fashion, superior craftsmanship and the finer things in life. Cartier has developed its "wholesale" products concept under the trademarked name " Les must de Cartier ." The spinoff products, primarily accessories with modest prices, brought the Cartier reach of every consumer, without sacrificing the grandeur and reputation of the Cartier jewerly line.
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