Friday, October 18, 2019
Cath Kidston Marketing Strategy for the U.S Hispanic Market Essay
Cath Kidston Marketing Strategy for the U.S Hispanic Market - Essay Example The feel of the products sold by the store carried a classic British feel because of which, the store soon became a success (Kidston, 1999). The brand grew into a à £75 million entity over two decades. Te brand of Cath Kidston has a wide assortment of products which belong to different categories but all the items which are used in home furnishing, homeware, and fashion accessories. Cath Kidston is distinctively known for its subtle floral designs. The brand has presence in about six countries physically and has online presence in the market of the United States (Kidston, 1999; CathKidston.com, 2012). Cath Kidston plans to mark its presence physically in the United States especially in the market of U.S Hispanics. The market environment of Cath Kidston is highly competitive as there are many competing brands which impose a threat to Cath Kidston. Each brand is distinctively positioned in the market, carrying its own unique brand image and competitive advantage. Major competitors are Bath and Body works, The Body Shop and other fashion brands in different categories which give Cath Kidston indirect and direct competition. The Hispanic market tend to be highly brand loyal and are more receptive to Cath Kidstonââ¬â¢s brand image of being in the up market as Valle, (2005) mentions in his book:à ââ¬Å"Hispanic marketing & public relations: Understanding and targeting America's largest minorityâ⬠(Kidston, 1999; Valle, 2005). Cath Kidston does not have exclusive presence in the market of Unites States which is already cluttered with established brands therefore it will have to position itself very accurately in accordance with the marketââ¬â¢s specifications (CathKidston.com, 2012). 2. Marketing Objectives Cath Kidston will need a clear vision and a line of process which it will follow while developing this strategy. The marketing objectives will clarify a path which Cath Kidston will have to follow in order to successfully market the brand in the Hisp anic market of United States. These
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