Calyx & Corolla Group 7 MARKET EVALUATION C & C needs to begin to see a steady profit margin •Cut back on everything but catalog marketing (where most revenue is derived) •Build off catalog media, with memorable tagline & magazine ads the ENVIRONMENT EXPERT ADVICE EASIER ACCESS “LIVE LONG..AND PROSPER” FAST DELIVERY TARGET MARKET • • Focus marketing strategy on Home Decor Focus on continuity programs that bring in steady income o Active buyers that purchase 2-10 times a year, (pg. 105) 85% of these customers: Primary Target: Working women • • Disposable income Ages 30-55 Strengths Weaknesses Quick delivery Small market share Extensive catalog selection Extensive marketing expenses Opportunities Threats Longevity of plants Stiff competition (FTD) Focus catalog marketing Weak brand image Brand Image / Magazine Ads New Tagline: C & C – Catalog. Choose. Create. C & C must gain brand awareness (1800FLOWERS does it better) Use specified magazines to reach more catalog subscribers: Magazines Audience (W) Median Age (W) Median HH Income (W) Glamour 11,050 37.4 $65,388 Good Housekeeping 17,057 55.4 $63,272 Hearst Magazine Gr. 116,550 48.2 $62,041 Reader’s Digest 14,558 54.7 $55,102 People 30,176 44.2 $65,997 (Data from MRI database Spring 2013, W=Women) (Total W sample population 121,967) Mag Ad • Purpose – promote catalog sales through targeted magazines • Lead generation strategy (mailing form at bottom) • Purchase behavior introduced with catalog choices