COLLEGE NIGHT UNF Office of Campus Life and Target UNF CAMPUS LIFE COLLEGE NIGHT UNF Office of Campus Life and Target Each fall semester, colleges and universities host an event known as “College Night” during their freshman move in. Through a partnership with a local Target store, universities are able to offer first year students the opportunity to get last minute items for their residences during an exclusive shopping experience. Target stores have been putting on this year for a decade, impacting 155,000 students all over the United States from universities such as UCLA, UCF, Ohio State and FAMU. The after hour shopping event is able to give freshman a positive impression by having exclusive deals and giveaways in an exciting environment. With the freshmen population increasing as each year passes, the University of North Florida would like to implement this same event with your Target store. With Target and UNF being only a few minutes apart from each other, the event would benefit both sides in many ways. For starters, students will have the opportunity to stock up on last minute items alongside their peers as one of their first college experiences. Subsequently, UNF freshmen and parents will have positive mindsets going into their first year of college. Target will benefit in that it will have the opportunity to not only build lasting relationships with potential customers, but secure a financial profit from the abundance of students shopping during the event. Target College Night 1 UNF CAMPUS LIFE TARGET MARKET ANALYSIS College Students College students are a prime consumer to target for both short term and long term financial profit. Looking at immediate profit gains, college students are a good consumer to target because of the amount they spend annually with moving into residence halls. According to Business Insider, college students on average spend 907.22 each year towards their residence hall. According to Business Wire, 96 percent of student shoppers would be more likely to make a repeat purchase from a brand that offers student discounts. Furthermore, the National Retail Federation found that 53 percent of millennials have a “live for today” philosophy towards spending, meaning they are less concerned with price and their personal finances when shopping. College students serve as a prime consumer when looking long term because of their age. At this age, college students are living on their own for the first time and thus able to make their own decisions when it comes to where to shop “When consumers were asked whether and what to buy. Steven Stolls, vice they believed in “living for today” in president of sales at American Student terms of spending, more than one out of Lists, stated in an article by Target every two Millennials (53%) agreed.” Market Magazine, "first impressions are -National Retail Federation critical, and the sooner you can make a connection with these students, the more likely it is they'll remember your product and have a long life cycle.” In a nutshell, targeting college students pays off in the long run because they are at a crucial time to create brand loyalty and lifetime habits. This concept is backed by the idea that college students will go on to become wealthier, educated individuals, and therefore put them into the position to spend more on the same areas they committed to as college students. Target College Night 2 UNF CAMPUS LIFE UNF Students In recent years the University of North Florida has grown tremendously, making the amount of potential consumers derived from the university larger than the past. Since 2013, UNF has required freshmen to live on campus for their first year of college, while expanding to accommodate the growing student population. With more students living on campus, there’s more opportunity to impact college students during the freshman move in event. Below are graphs depicting the annual projected for UNF until the year 2016. Fall 2013 Residence Hall Population Senior 9% Freshman 39% Junior 23% Sophomore 29% Freshman Sophomore Junior Senior UNF has a total of … student living on campus, with 1,111 being first year students. UNF First Year Enrollment Projections 2440 2420 2400 2380 2360 2340 2320 2300 Fall 2014 Fall 2015 Fall 2016 The projected headcount for freshman in 2016 is 2425 students. Target College Night 3 UNF CAMPUS LIFE The growth of the student population aside, UNF’s students are also a good population to target because of their proximity to the town center. The residence halls are minutes away from the town center, making it an easy commute for students. With a shuttle that drives students from the library to the town center, it will be easy to achieve a consistent flow of students from UNF. Making a good first impression with consumers is also important because if secures future customers because of familiarity with store and satisfaction received during initial experience. Being able to host an event of this scale will decrease the competition to attract college students with neighboring stores such as Publix, because Target would have already made a connection with college students. SWOT ANALYSIS The perceived strengths, weaknesses, threats and opportunities are found in the chart below. STRENGTHS WEAKNESSES ● UNF student population first year hosting event ● distance to St. johns ● ability to market event directly to students through email, fliers etc. THREATS OPPORTUNITIES ● Build relationship with UNF other nearby stores attempting students similar events ● promote target “stuff” to students; target red card ● future collaborations for events Target College Night 4 UNF CAMPUS LIFE GOAL To create an annual “College Night” event through partnership with Target to engage college students moving on campus during UNF’s annual “Week of Welcome” Objective Generate awareness of event through various channels, reaching 750 students Objective Create incentives in efforts of securing 500 students to attend. Target College Night 5 UNF CAMPUS LIFE OBJECTIVE ONE Generate awareness of event through various channels, reaching 1500 students Strategy 1: Snail Mail Tactics: Send direct piece to incoming students detailing Target “College Night” event Send direct piece to parents through partnership with the Office of Family Include social media pages on direct mail piece Strategy 2: Social Media Tactics: Post to UNF Campus Life page Post into incoming freshman page Have Residence Life to post about event Strategy 3: Word of Mouth during Move In Tactics: Hand out fliers to students moving into dorms, Post fliers to housing bulletin boards Partner with residence life to do “dorm storm” and have RA’s to do an all call for Target Event Strategy 4: Target Takeover Tactic: Keep fliers at the registers to give out to UNF Parents and students Target College Night 6 UNF CAMPUS LIFE OBJECTIVE TWO Create incentives in efforts of securing 500 students to attend. Strategy 1: Creating a “college environment” at Target Tactics: Lively music throughout the store UNF themed merchandise for students Focus area on dorm supplies and other college necessities Strategy 2: Giveaways and promotions Tactics: Promotional deals exclusive to that night Door prizes End of the night raffle giveaway Hourly contests Target College Night 7 UNF CAMPUS LIFE EVALUATION To measure whether the event was successful the UNF Office of Campus Life will evaluate the amount of students who attended the event, and student satisfaction. If 500 of the students living on campus attend the college night event, the event would be consider to have been successful. To gauge student satisfaction, the following survey will be available for students to fill out. If the average of students who enjoyed the event reaches 75 percent or higher, we would have considered our efforts to have been successful. Student Satisfaction Survey 1. On a scale from 1-10, how much did you enjoy this event? 2. What was your favorite part of the event? 3. What improvements would you make to this event? 4. Was this event helpful with your campus living transition? 5. Would you recommend this event for future freshman classes? Target College Night 8 UNF CAMPUS LIFE REFERENCES "Across the Ages: Generational Impact on Spending." National Retail Federation Insight Center, 1 Dec. 2013. Web. 12 Mar. 2015. Cheraskky, Irene. "Market Focus - College Students." Target Marketing. 1 Apr. 2005. Web. 12 Mar. 2015. "Enrollment Projections." UNF. Office of Institutional Research and Asessment. Web. 17 Mar. 2015. "Housing Profile." Www.unf.edu/housing. UNF Department of Residence Life, 1 Aug. 2014. Web. 14 Mar. 2015. Kaplan, Kathryn. "Access to Online Discounts Would Drive Brand Loyalty Among College Students, Survey Finds." Access to Online Discounts Would Drive Brand Loyalty Among College Students, Survey Finds. 25 Nov. 2014. Web. 24 Mar. 2015 Target College Night 9 UNF CAMPUS LIFE CONTACT LIST NAME POSITION Theresa O’Donnell Director of Price Campus Life NUMBER EMAIL Theresa.odonnell.price@unf.edu 904.255.5555 Target College Night 10