...Condensed Marketing Plan ------------------------------------------------- #1 We have decided to take the topics and other key components of the marketing principles and framework and relate them to Hot Yoga, the topic of our condensed marketing plan. We believe that a Hot Yoga studio would be a very simple, popular and profitable business in a college town such as Oxford, Ohio. What is Hot Yoga? Bikram Yoga, also known as Hot Yoga, is a new trend reaching many health and wellness driven people all over the country. Hot Yoga consists of performing yoga in a studio or gym heated to roughly 100-105 degrees along with a humidity of 40%. As entrepreneurs who know our target market, we are extremely tuned into our buyers’ behavior. Going to Miami, people are extremely “trendy”. Once a trend hits Miami EVERYONE wants or does what they can to join that trend. This can be seen at Miami with brands such as Apple, Lulu Lemon, Patagonia, Ray Bans, jerseys, and Jeep. I wouldn’t expect the increasing trendy activity of hot yoga to be any different. There's a multitude of components that create such a demand for Hot Yoga. In a town like Oxford, the "drive" or emotional trigger for consumers to demand a service such as Hot Yoga would mainly be due to the appeal of health and wellness to college students. With a lack of statistical evidence, it's hard to disagree with the statement that Miami students have grown a stronger awareness of health and fitness (disregarding the night...
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...MKT 302A Final Project – Lululemon Yoga Pants Marketing Analysis University of Phoenix School of Business March 29, 2013 Table of Contents Executive Summary 3 Introduction 3 Objectives 3 Target Markets 5 Situational Analysis 5 Strengths 5 Weaknesses 6 Opportunities 6 Threats 7 Positioning 9 Marketing Mix 9 Product 9 Pricing 11 Place (distribution) 12 Promotion 12 Conclusion 13 Appendix 14 Appendix A 14 Appendix B 15 Comparisons 15 Appendix C 15 Appendix D 16 Appendix E 16 Executive Summary/Introduction Lululemon is a successful company that produces, markets, and sells high end yoga, running and athletic casual wear for women and men. Lululemon was founded in 1998 by a yoga enthusiast, Chip Wilson, who saw a need for high end yoga apparel. Mr. Wilson had prior surf, skate, and snowboard marketing and lifestyle experience. At the time Wilson began experimenting with yoga wear, most patrons of the practice worn cotton clothing that did not remove sweat or allow for maximum flexibility (Lululemon, 2014). Wilson’s first store was in the beach city of Vancouver, BC in 2000. The store doubled as a yoga studio at night. One of the early product promotion and research ideas was to offer free yoga wear to instructors for their feedback. With this Lululemon was born. Lululemon has a brief but effective mission statement: Creating component for people to live longer, healthier, fun lives (Lululemon, 2014). Gaining popularity through...
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...Summary Ashtanga yoga literally means "eight-limbed yoga," as outlined by the sage Patanjali in the Yoga Sutras. According to Patanjali, the path of internal purification for revealing the Universal Self consists of the following eight spiritual practices: Yama (moral codes), Niyama (self-purification and study), Asana (posture), Pranayama (breath control), Pratyahara (sense control), Dharana (concentration), Dhyana (meditation), and Samadhi (absorption into the Universal). The Ashtanga Way Yoga Center offers 8 eight-week sessions of classes per year to include online training. Courses offered include Ashtanga style Yoga plus workshops in related topics. The Yoga Center features well-trained, professional instructors, progressive teaching methods, a non-competitive and encouraging atmosphere, and a beautiful light-filled facility. The Ashtanga Way Yoga Center also will have a boutique that will sell workshop clothing and yoga training aides. founder of The Ashtanga Way Yoga Center, is one of Ashtanga Yoga's leading teachers. She conducts workshops and teacher trainings locally and nationally. She has been a yoga practitioner since 2001 and a meditator since 1998. 2.0 Situation Analysis The Ashtanga Way Yoga Center is entering its first year of business. The business model has been well received and marketing is especially important to maintain growth and market penetration. In addition to offering in yoga classes it interactive online sessions, the Ashtanga Way Yoga Center main...
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...Own Business…”Yoga for Anyone” N/A Parkville University Abstract This paper explores the process I took to decide what business to choose and marketing strategies of said business I want to start. I selected one in a fast-growing arena of health improvement; and I will achieve it by offering everything there is to know about Yoga. It addresses several aspects of a marketing plan from how I arrive at this possibility to applying the marketing mix in the Four P’s of product, price, promotion, and place. Finally, I describe a layout over viewing why my website will succeed throughout product life-cycle. My Own Business: “Yoga for Anyone” Deciding upon a business is not something I did not go into lightly or taken on a dare. I gave it much thought, would research heavily through both the use of secondary and primary research marketing methods, and then send through the rigorous trials and tribulations of product and / or service life cycle. Main thing I understood it is not as simple as choosing something I thought in terms of…if I have a passion for it, everyone should share in my passion, and it is the latest and greatest craze; therefore, I must “jump on the bandwagon” and have one as well. Although, both of these ideas have some credence in marketing, because I had to believe in what I did and be marketable, respectively, it is not as glib or easy as the aforementioned old adages imply. I took all of this into consideration when I chose a Yoga website as my new...
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...However, I think the “Hot Yoga”, which Bikram developed, is more sustainable and will be more popular than the Tara’s “free style” Yoga because of several reasons. Yoga is a religious exercise. It started to enter American in the mid-19th century. But, America is a predominantly Christian country. How can an activity with different religion be successful? For example, the Yoga style developed by Bikram has been widely accepted by Americans and the people all over the world now. As far as I am concerned, the reason why his Yoga style is successful is not because of the religion, but for its health properties, and its special exercise mode. People pay a lot more attention to the health recently. People try to find ways to keep their body healthy and strong to live in this competitive and stressful society. A lot of people hope to control their weigh especially women. Bikram’sYoga is precisely what they are looking for. Bikram stated that people can stretch their body easier and deeper in a hot circumstance. Also, in the temperature between 100 and 105 people can sweat more, which is a good way to consume more fat and cholesterol. While, Tara’s yoga style could not provide people such an efficient way to lose weight. This is the reason why Bikram’s branding strategy is more successful and can get more customers. Even though the price for the hot Yoga studio is pretty high, but the professional and efficient yoga exercise can still let the Bikram’s Yoga get more market share...
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...1) Using the full spectrum of segmentation variables, describe how Sports England has segmented the sports market? In order to understand the British people’s attitudes and motivations about sports, Sport England has built 19 sporting segments all around the United Kingdom to target its customers in the sports market. In the segmentation process Sport England worked closely with Experian Business Strategies consulting group. Sport England along with the help of the Experian Group analysed data of the English people aged 18 and older. They collected and collated information about specific sports involvement; desire to do sports and the obstacles they faced in doing sports. The analysis further included the collection of data on media consumption and communication channels, social capital, health indicators, and involvement in wider cultural activities. Sport England completed this survey with the collaboration of Action People Survey. This was one of the largest ever sports survey conducted and carried out in Europe by the company. The survey provided Sport England with the levels of participation of people in different groups in the community specifically. The company had designed the questionnaire to find out and analyze the broad range of demographic information, such as people’s genders, social classes, ethnicity, household structures, ages and disabilities. Their survey also included how involved people in each segment were in other recreational activities....
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...lululemon athletica “Do you lulu?” Marketing Campaign 2011-2012 Table of Contents pg. 3 pg. 6 pg. 7 pg. 9 pg. 10 pg. 11 pg. 15 pg. 17 pg. 22 pg. 43 pg. 46 pg. 47 Introduction Executive Summary Research Objectives Situation Analysis Consumer Analysis Industry Analysis Broad Overall Analysis Strategies and Plans Timeline and Budgets Summary References and Appendices Introduction Bulldog Marketing is a marketing communications firm based out of Houston, Texas, that has extensive education and experience with building brand awareness and online sales. Our team members have an eclectic background in business, marketing, digital marketing, media relations, new and social media, and public relations. Our proven results as a team speak for themselves, as we have created successful campaigns and strategies for a number of high-caliber clients. We chose to focus on lululemon athletica because we feel the brand has very strong potential in the U.S. market. lululemon has strong sales and is growing at a fast rate every year. Since lululemon is a Canadian-based brand, the brand awareness in the United States as yet to reach its full potential. We at Bulldog Marketing feel that our combined experience coupled with lululemon’s strong branding that already exists in other markets will prove to be successful. We look forward to working with you in the months ahead and building the lululemon brand. 3 Meet the Team Nicole Grandy has...
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...0 Lululemon Marketing Strategy Introduction Marketing plays an important role in a company delivering high quality goods to target consumers. The marketing strategy of a company contributes to the quality management of a product, customer satisfaction, and company profitability. An example of a company with a strong and unique marketing strategy is Lululemon Athletic, focused on yoga-inspired athletic wear for women, founded by Chip Wilson in 1998. It has since expanded the Brand to sell merchandise for men and most recently female youth which is categorized as a separate brand, Ivivva, which operates as a separate entity with its own retail stores (Soni, 2014). Although Lululemon continues to grow profitably through its marketing strategy developed over the years, there are some changes that could be implemented to sustain and gain market share. Lululemon’s Current State Marketing goals and objectives When Wilson first created Lululemon Athletica, the objective was to create a community hub to promote people to live, longer, healthier, fun lives. Their goal was to train people on the retail floor so they could positively influence their families, communities and the people walking into the stores. Lululemon’s marketing strategy focused on the value delivering system, the entire experience the customer will have from obtaining and using the product (Keller and Kotler, 2016). To create a positive buying experience with sales people...
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...From a strategic planning perspective, the well-known Canadian fitness retailer Lululemon has a lot of factors to consider when laying the foundation for a five year plan. There are many opportunities as well as challenges that the company encounters from its external environments. Each of these is outlined in the following paragraphs and must be embraced in order for Lululemon to position itself strategically and successfully in the market. Economical environment: The economical environment that circles around Lululemon Athletica shows a strong revenue growth. In September 2012 Lululemon posted a 33% increase in revenue to $282.6-million (U.S.) and an increase of 15% in same-store sales (refer to figure 2). Along with that we can observe the company’s stable financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, net income growth and good cash flow from operations. Lululemon was pretty successful among many investors as it consistently raised quarterly profits and revenues in a struggling fitness retail industry (see figure 3). In reference to the article, “Lululemon athletica inc. Stock Quote & Summary Data”, unemployment rate made some effect on the company’s Gross Income as of in 2009 when the unemployment grew to the level of 8.5% company’s Gross Income was only 23.56% (see figure 1 and 2). But in 2011 when the unemployment growth was at a level of 7.2% company’s Gross Income became 77.04%. This also depicts...
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...The 2008 annual report and 2009 quarterly reports were amongst the many sources of information utilized in this analysis. d. What is the level of urgency? The level of urgency is high with Lululemon as they are in a period of rapid growth and have just gone public with their offering in 2007 and with the current economic conditions the share holders are evaluating their performance. Summary of Strategies and Performance a. Corporate Strategy Lululemon Athletica is a producer and retailer of technical clothing for yoga, dancing, running, and other athletic pursuits. Their corporate strategy falls under a concentration strategy and is one of growth through both horizontal and some forward vertical integration. They began making yoga wear because of the interest of Chip Wilson in yoga after he became passionate about the sport and found the available yoga clothing inappropriate. A design studio was born and that doubled as a yoga studio at night. With continued interest in the clothing and the...
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...report, we list out a few different strategies they need to take, but this is the most important to sustain a competitive advantage. Lululemon will use its marketing tactics to help focus and differentiate themselves from their competitors. With net new companies joining into the market and also current competitors, Lululemon needs to address pertent issues pertaining to its current performace, strategic moves and certain tactics to integrate a strategic campaign. To gain a better insight, the following needs to be addressed: 1. Analysis of current performance and financial situation 2. Understanding of internal and external factors 3. Examine the strategic objectives There are many challenges and opporutnities within this industry. With the right strategies and marketing techniques, Lululemon will be profitable and sustain a competitive advantage. Introduction Overview of the industry Dennis "Chip" Wilson founded Lululemon Athletica (also known as "lululemon" or "lulu") in 1998 in response to increased female participation in sports and in accordance with his belief in yoga as the optimal way to maintain athletic excellence into an advanced age. The first Lululemon store shared retail space with a yoga studio. They’ve been growing ever since, and their technical yoga and run clothes are now available in countries all...
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...Summary of Article, “Lululemon rides out recession in quality fashion” Many clothing firms cut price to allure customers in the recession. However, Christine Day, the vice president of Lululemon adopted a contrary approach, now lululemon is profitable. The success of lululemon in the recession attributed to the innovative strategies. First of all, Christine Day did not lower price, but devote into improving quality of clothes. Besides, she attracted customers by offering new products such as running outfits, jackets and accessories and building an e-commerce site. With these successful reforms, lululemon did not only pay off, but also increase the sales demand. Due to insufficient inventory, lululemon has to invest more money into supply chain to meet customer demand. In a short, lululemon is doing its business in an optimistic outlook. PEST Analysis (See Appendix A) Political Department of Finance Canada (2009) reported Canada introduced Economic Action Plan in January 2009. One major part of this plan is reducing tax permanently. Personal income tax falls over $1 billion for the 2009 taxation year, corporate income tax revenues fell $11.2 billion and Goods and Services Tax (GST) revenues declined $4.2 billion. Canada is one member of North American Free Trade Agreement (NAFTA), other members in NAFTA are America and Mexico. Though Canada trade with a lot of countries around the world, the major trading partner of Canada is the U.S., accounting for 77.7 percent...
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...and provide guests with quality products to help them live healthy lives. Currently, lululemon still strives to make a difference in each community through the Community Legacies Program. Plans for expansion are also in effect, and its economic responsibilities are continually being met by the income generated each year. Social Responsibility is the backbone of lululemon. It presents many positive aspects for the company such as maintaining a positive image within society, however it may result in potential negative outcomes like possible profit loss. Strategically, lululemon uses non-traditional and unique marketing and business schemes. For example, lululemon relies on social activities for product promotion rather than typical ad campaigns such as print and/or television media. The next step for lululemon is to encourage people to bring families to the in-store yoga classes to better find a balance between work, family, and healthy living, together. Issue/Problem Statement lululemon athletica's main goal is to provide their guests with products that will help them live long and healthy lives. They ensure quality in their products, as well as recognize customer needs and adapt to meet those needs. Their goal is to demonstrate integrity and ethics in their company as well as create a positive relationship between their stores and the communities they are located in. lululemon constantly challenges itself to maintain these social bonds, ethical and social responsibility...
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...Align: Yoga and Meditation Center | Business Plan | JOHN GABLER – ENG 3200 | Table of Context PG 1 Table of Context PG 2 Introduction PG 2 History PG 2 Mission Statement PG 2 Strategy for Inception PG 3 Business to Business Implementation PG 3 Business Benefits PG 3 Financial Goals PG 4 Customer Segmentation PG 5-6 S.W.O.T. Analysis/Recommendations PG 7-8 Conclusion PG 8 Sources Society today is filled with overwhelming stressors and a cynical media that bombard people daily. For many, the local gym has become the ritual and place to go sweat your heated temperament away; however for some growth seeking beings yoga and meditation is the preferred method to clear your head and find some inner peace. Over the last ten years yoga and meditation has jumped amazingly out into the mainstream as people have become more health conscious and focused on self-improvement. Yoga and meditation has been around for thousands of years and there’s no doubt will be for thousands more. The main challenge of building a yoga and meditation center is not the lack of business that is generated in the beginning, but it’s the sustainability that most owners find is the determining factor for success. People need innovation, they welcome change, especially individuals that are growth seeking. For them change is good, change represents evolution and discovery. Align Yoga and Meditation will represent that change, as the ever evolving center for self-growth and personal...
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...introduced their first distinctive competency by focusing on yoga products. Its founder Chip Wilson built the company believing that yoga would be the next big health phenomenon. Alike Under Armour and its niche focusing on football, Lululemon would find a niche in the apparel clothing industry by focusing on yoga and creating apparel that was unique from any other on the market. Lululemon built another distinctive competency by creating quality products designed with specialized material. Since the foundation of Lululemon new products have been designed to meet certain qualities. Some products have the ability to stretch a great deal and keep in perfect condition, some are meant to prevent sweat and cool the body, and some products even help prevent body odor. Their specialty products are important because they are...
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