Anthropologie Store Project 2: Retail Merchandising/Business Plan Group 3 Armina Galionjyan, Edwin Castaneda, Jessica McPhail Anthropologie • • • • • • • • Founded by the current URBN chairman and president Richard Hayne Name has a French twist to the word Anthropology Designed for the women in the 26-45 age range Opened its first store in 1992 in Wayne, Pennsylvania 1998 they launched a mail-order catalog and website April 2009 they opened their first International store located in Toronto, Canada October 2009 they opened their first store in Europe located in London Currently operates over 175 retail stores worldwide Anthropologie’s Untapped Market: Infant/Toddler Through it’s award winning visual merchandising, Anthropologie creates a whimsical shopping experience for its customer. What could more whimsical than taking a women back to her childhood memories… …and creating new memories with her own child. • Anthropologie already offers an assortment of children’s toys and books... …Infant clothing market will see 6.6% growth in the next five years The “Add-On” Factor Most women shopping at Anthropologie are purchasing clothing for themselves. Through its home, lingerie, book and accessories offerings, Anthopologie has excelled at the availability of add-on merchandise: the items that shoppers “add-on” to there original purchase. This creates an opportunity for a customer to “add-on” clothing for their Infant/Toddler Target Market • Anthropologie is designed to take over when Urban Outfitters' customers pass into the 26-to-45 age range • Ideal demographic is: • affluent, settled-down career women in their 30s and 40s • with an average family income of $200,000 a year. Market Opportunity: Gen Y Segment • According to IBISWorld, Gen Y moms prefer “niche” brands. This aligns with both Anthropologies market position and target customer age (Gen X and Gen Y). “This demographic typically spends more on clothing and is more brand conscious than older market segments, paving the way for further industry success over the next five years.” “Generation Y consumers are more likely to gravitate toward higher-priced items.” Price Point • Premium prices points • for example, $250 sundresses, $400 shoes, $700 end tables New Product Price Point • • • • • • • New line concentrates on girl infants and toddlers. Prices for this new line will balance with other merchandise in the store. The vendors are just right for the company. The style and the prices are very good match with Anthropologie. Clothes range from $40 newborn sets- $100 quilted jackets Accessories range from $11-$39 Baby Gift Sets Range from $77- $315 Product Detail Mix • Clothing, Shoes, Accessories, Lounge and Beauty products, and Home products. ANTHROPOLOGIE NEW PRODUCT DETAIL MIX • INFANT CLOTHES SIZES FROM: 1 MONTH- 24 MONTHS • NEW BORN GIFT SETS • TODDLERS GIRLS FASHION AND ACCESSORIES AGES 2-5 New Vendors • Berlingot: Classic French design and the finest quality make Berlingot children's clothes a must. Soft cotton and fresh, playful takes on timeless designs that allow children to be children. • Synonymous with imaginative design, innovative use of colour and superb quality, Bonnie baby’s baby and childrenswear designs are modern and stylish with witty touches and great attention to detail. Vendors Bonnie Baby Gift Sets • ivory ruffles adorn this set which includes a lace hat with lace flower and large pearl cluster and matching lace petti bloomers. • Diaper cover and matching hat set is made using a soft textured yarn. . • Diaper cover unbuttons for easy use. • Butterfly Organza Brown Ballet Slippers • Fancy knit hat 55% cotton 20% viscose 20% acrylic 5% angora. Color And Pattern Swatches Promotions/ Publicity/ Advertising • Only Avertises through its Website, and inside Stores • Mails Season Catalogs • Store Membership (Anthro) • Includes Birthday discount, Exclusive Online shopping access • Advanced notice of sales/special promotions, and surprises! • Store Events: • Fashion Shows, Concerts, Pet Adoptions, book signings, children crafts • Award Winning Window Displays to attract new customers New Publicity and Advertising • We will add a new section to the Seasonal Catalogs that include the baby and girls accessories and clothes. • The website will include exclusive online merchandise for the new product mix • We will increase the number of children arts and crafts events • As well as adding toddlers to the instore fashion shows Floor Plan Overhead View Proposed Site Competitive Retailers General Competition • The women’s apparel industry has a low concentration. • Most of the industry is dominated by stores with lower price points • Ascena Retail Group (7.2%) • Owns Lane Bryant, Dress Barn & Maurices • Ann Taylor (5.6% of Market Share) • H&M (4% of Market Share) Competitive Retailers Multi-Brand Competition • Main competitors are departments stores • Relative price-points • Similar products • Nordstrom • Currently holds 4.7% of the department store market share (highest market share for a department store with comparable pricing). • Anthropologie’s 180 stores outnumbers Nordstrom by 62. This creates a competitive advantage over Nordstrom New Product Competitor • • • • Main Multi-Brand Competitor: Nordstrom Dresses $29-$530 Pants/leggings - $18-$300 Tops - $20-$225 • Advantage: Unique Items at a consistent mid-premium price range. • Disadvantage: Limited offering Competitive Retailers Single-Brand Competition • Designer name labels at mall prices. • Marciano/ Guess? • Calvin Klein • Armani Exchange • Anthropologie’s advantage against singlebrand retailers is variety and store size • Anthropologie’s disadvantage is lack of international distribution. • Anthropologie hold a “Niche” position in the retail apparel industry. Market Position • Consistent upscale bohemian style offered through a variety of brands. • Unique home offerings including “found” items • These items are usually antiques “found” through unconventional sources. • Each store offers a completely different selection • Unique books, including the French version of Dr. Seuss Classics. 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