Project and Victoria’s Secret Team 5 Marketing Plan Mariah Mostoller, Preston Tagaras, Quynh Anh Truong, Brittney Urdzik, And Cory Hoover For her, For him VICTORIA’S By, SECRET Get him the gift he wouldn’t get himself. SWOT ANALYSIS Strength Brand Name/Image, loyal customers, Facebook “likes”(18,374,978) and twitter “followers” (769,860) Weakness Opportunity Threat Higher price, Strictly female market Increased demand during holidays Competing men’s lines -Macy’s, Express Victoria’s Secret (RED) Campaign (RED) is a campaign designed to help eliminate aids. For our BA 220 course (marketing) our objective is to create a marketing plan and associate (RED) with Victoria’s Secret. All participants of this survey are customers in Victoria’s Secret and Belden Village Mall. 1. If Victoria’s Secret were to have a men’s line would you buy for your friend/significant other? YES ______ NO ______ 1. What kind of clothing would you buy him? Check all that apply Polo ______ Tie_______ Dress socks______ Other______ Cologne______ If you checked “other” please write what you would buy or what you would prefer Victoria’s Secret to have in the “his” section of the store. 1. Do you think men and women would buy at Victoria’s Secret if they knew it was for a (RED) campaign to help eliminate aids? YES______ NO_______ 1. Do you like the idea of a women’s store having a men’s line? Agree_____ Disagree______ No Answer________ Buying products from VS for men 80% 60% 40% 20% 0% YES Preferred Product Polo 16% Tie 28% Socks 16% Boxers 52% Cologne 72% NO Buying Products supporting (Red) 100% 50% 0% YES NO Women’s Store Carrying Men's Products 60% 40% 20% 0% Featuring a new product for every major holiday Christmas September 2012 March 1st 2013 Sweetest Day Valentines Day (RED) January 2012 September October Post picture of you and Celebrity your sweetest Ads, Commercials in your red glamour to and Email Facebook. Justin Timberlake -Real Men wear red Top 3 couples with the most likes wins tickets to a red carpet premier. November Featuring dress clothes for Christmas -(Red) ties, polo, dress socks December January February Red Tie Event hosted by Justin Timberlake. Cost = $50/ plate Featuring the all new Empowe(red) cologne. Buy any 2 (red) products to get your name entered into a drawing Sample of red cologne Empowe(red) Win a dinner catered by Emeril for you and your valentine! September: Getting the Word Out Justin Timberlake 3 Pieces of marketing plan Payment of $1 million Real Men Wear (Red) September/October: Boxers for Sweetest Day x 300,000 Production Cost Boxers: $12 $3,600,000 …so your Sweetest Day can become your sweetest night $17.99 S M L XL October: Facebook Promotion Post a pic of you and your sweetheart in your best red apparel! 3 couples with the most “likes” win the Red Carpet VIP Package Package includes: $150 -Private table for 2 $150 -Admission tickets $150 -Hotel Room $450 November/December: Dress to Impress $29.95 Your man will look his best for Christmas in our (RED) formal wear x 100,000 x 400,000 x 400,000 $14.99 Tie: $12 Socks: $7 Shirt: $ 12 $8,800,000 $49.98 S M L XL Production cost (RED) Tie Affair Hosted by Justin Timberlake Building rental Catering Service Furniture Included: $10,000 The Altman Building, New York City January/February: Valentine’s Cologne x 300,000 Help your man feel empowered with our new men’s cologne: Very Sexy, (RED) Edition! $34.99 Production Cost Cologne: $12 $3,600,000 Valentine’s Dinner with Emeril Lagasse Cater By Emeril: $5,000 Drawing system: $5,000 $10,000 Buy any 2 (RED) products and get entered in the drawing Win a candlelit dinner catered by famous chef, Emeril Lagasse! Push Money Pink Promotion For selling a (Red) product the employee who makes the sale will receive a 3% commission from VS Receive a free bottle of Pink perfume for purchasing the featured (Red) product of the season! Overall Budget