Team Bloomington Agenda • • • • • • • Background Business Situation Target Creative Development Media Plan Execution Conclusion 2 Background 3 Brooks Brothers "To make and deal only in merchandise of the finest quality, to sell it at a fair profit and to deal with people who seek and appreciate such merchandise." – founder Henry Sands Brooks • 191 Years of History • At his second inauguration, President Abraham Lincoln wore a specially crafted Brooks Brothers coat • Specializing in men’s suits and outerwear, women’s and boys apparel • Brooks Brothers operates 180 upscale retail stores and outlet locations in the US and 15 countries including Chile, China, Japan, and Italy. • Subsidiary of Retail Brand Alliance 4 Through the Years 1818 1850 1896 1930 1969 2001 2007 2009 • 1818 - First store opening, nearly two centuries ago • 1850 – Introduced Golden Fleece symbol and the first ready-to-wear suits in America • 1896 – Invented the button down collar polo shirt • 1930 – Seersucker was made available for the first time in America and introduced by Brooks Brothers in frock coats • 1969 – New store expansion - New York, Chicago, Boston, San Francisco, Pittsburgh, Los Angeles, Atlanta, and Washington, DC. • 2001 – Digital tailoring – first and exclusive to Brooks Brothers • 2007 – “Black Fleece” line introduced - a fashion-forward take on Brooks Brothers' classic styling and emphasizes high-quality materials and the strictest attention to detail • 2009 – Introduced first stores in Mexico and Canada 5 A Timeless Following Presidents Abraham Lincoln, Theodore Roosevelt, John F. Kennedy, Bill Clinton Featured on Television Mad Men and Steven Colbert Prominent Citizens Rockefellers, J.P. Morgan, Aviator Charles Lindbergh Celebrities Cary Grant, Fred Astaire, Clark Gable, Katherine Hepburn, Designers Todd Oldham & Mark Jacobs, Matthew 6 Broderick, Sir Paul McCartney Advertising Themes • Black and white, classic American style, elegant • Heritage – Before there was Chicago, there was Brooks Brothers • Generations, “belonging”, “loving” • It pays to buy at Brooks Brothers, the investment you can trust (revitalized 1942 campaign) • Partnership with Designer Thom Browne – Forward Thinking Vision Carryover Themes: Timelessness, Classic, Black & White, Longevity 7 Business Situation 8 Business Challenges Very high brand loyalty however we struggle to reach new users Struggling in the current economy and discounting heavily. Midlevel suit stores offering huge sales. “Buy one get 2 free” 9 Where do we fit in the competitive landscape? Luxury Price Trendy, High Fashion Style Classic Style Affordable Price 10 Target 11 Current Target: Corporate Clout • Demographics – Age 45-55 – Est. Income $100,000 - $125,000 – 70% College Degree, 67% Married • Psychographics – Workaholics – Fine Dining – Travel 12 New Target : Career Builders • Who are Career Builders? – 26-35 – Est. Income $50,000 - $75,000 – 94% Not Married • Who are Career Builders? – Enjoy Taking Risks – Willing to Spend Money on Luxuries – Enjoy Sports and Environmental Organizations 13 Indroducing Jim • • • • Recently promoted to manager Wants his co-workers to take him seriously With new income he can reach some aspirational brands Shops at Jos A Banks 14 Creative Development 15 Challenge • Convincing career builders that Brooks Brothers is the standard for professional dress. Insight • Career builders are looking for clothing that conveys power and confidence and makes them feel the part. • People entering new situations in their life are hypersensitive to self image. 16 Objective • To drive purchase of Brooks Brothers suits among career builders Positioning • The suit that makes you feel like the elite, confident businessman that you are. 17 Promise • Brooks Brothers is the gold standard for professional dress Reasons to Believe • Heritage of implicit endorsement by people that matter: Presidents, Celebrities, Influentials • Reputation proves ‘always appropriate’ Brand Character • Self-Assured 18 Creative Process We understand the feeling of: •The first day of school •Getting ready for an interview •First day on a new job You don’t need •To wonder if you look the part •To be concerned with your clothing You need •To feel confident in what you wear •To send the right messages 19 Creative Insight •What separates people who know they look good from people who question the way they look? •What behaviors show that people are not confident in the way they look? 20 Creative Insight: • People with confidence don’t need to check to make sure they look good • They KNOW they look good • What they wear REFLECTS CONFIDENCE Transformation • When you put on a Brooks Brothers suit you become confident in your appearance and a “Boardroom Bad-ass.” 21 Creative Reflections “Making Mirrors Unnecessary Since 1818” • Leverages the Key Consumer Insight to our advantage • Displays the Brooks Brothers preemptive expertise throughout history “While other men may constantly second-guess their clothing choices, a Brooks Man has unwavering confidence in how he looks” 22 Creative 23 Creative 24 Media Plan 25 Media Print Viral Web Billboards Direct mail & email Print Lifestyle Business 27 Web Billboards Financial District, South Manhattan The Loop, Chicago Washington DC 28 Direct mail Brooks Brothers mailing list Corporate Promotion Viral “Brooks Brothers only” locker sections at local health clubs Mirror Message installations in subways, bus stops, Chicago’s El’, Mirror stickers in public bathrooms, health clubs 29 Executions 30 Executions 31 Funnel Awareness Target Consumer Print and Web Interest Billboards Viral Direct mail and email Desire Action 32 Media Plan Flowchart 33 Print Plan Detail 34 Conclusion •Target Rationale: Younger, Affluent Men ensures brand vitality…for another 200 years •Promise: Confidence for men in Transitional Lifestages •Media Focus: Large urban epicenters to engage, spur WOM and gain frequency among those most likely to be influenced 35 Questions? 36 Appendix A-Relevant Benefits Brooks Brothers Jos A Bank Armani Emotional Benefits I am ‘in my zone’ wherever I am I feel comfortable I feel above it all Self-Expressive Benefits I am successful I’m getting great value I am at the cutting edge of fashion 37 Appendix B-Media Cost Magazine GQ Men's Health Esquire Business Week Time Forbes Fast Company Fortune Median Viewership Rate Insertions Cost Cost/View HHI % Men Age 18-34 6,360,000 72,625 10 726,250 0.11 75,103 77% 49% 12,162,000 169,115 9 1,522,035 0.13 84,208 85% 42% 3,314,000 65,054 10 650,540 0.20 66,847 72% 32% 4,687,000 60,880 17 1,034,960 0.22 88,418 66% ? 19,500,000 178,530 17 3,035,010 0.16 74,604 51% ? 5,515,000 93,901 6 563,406 0.10 98,155 72% 31% 750,000 51,570 7 360,990 0.48 173,089 62% ? 3,786,000 82,900 8 663,200 0.18 137,000 79% ? Total Magazine Web cnnmoney.com monster.com (est.) ladders.com (est.) bloomberg (est.) WSJ yahoo/hotjobs (est.) 8,556,391 Views/mont Rate/thousan h d 9,056,000 127 6,000,000 127 76,200 0.01 1,500,000 8,000,000 34,700,000 127 127 127 19,050 101,600 440,690 0.01 0.01 0.01 4,000,000 127 50,800 0.01 Total Web Billboard Viral Direct Mail Total Media Cost Cost/View 115,011 0.01 803,351 12 20,000 240,000 150,000 50,000 9,799,742 38 Appendix C-Magazine Readership http://www.marketingcharts.com/ 39