Brand Development of H&M

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Dynamics of branding (MKT07103) Project Brand development of H&M Introduction Using relevant theories and brand strategies the report aims to introduce one of the leading retailers within the clothing industry – Hennes & Mauritz. The H&M Company found out its first shop in 1947 in Sweden. Initially, the name of the company was Hennes and it market niche was entirely focused on women’s clothes. By 1968 the company changed its name to Hennes & Mauritz and expand its product range with offering men’s and children’s clothing. This lay the foundation of the H&M brand substantial global expansion and market growth. Until now there are approximately 2,700 stores across more than 40 different countries, which offer a wide diversity of product range from clothes, cosmetics and accessories to home textile products. In order to discuss the H&M Company the report will draw upon different branding theories and models in regard to the following two chosen lecture topics: * Brand equity and Brand strategies – identifying the theoretical framework and then explaining them in regard to the company brand policy. * Branding and Marketing communication – explaining the mean of the tools used by the company in order to communicate with its customers and how H&M communications work. Brand equity and Brand strategies In theory there are lots of definitions of brand equity, according to Pelsmacker, Geuens and Bergh (2006), it’s a concept used for identifying the value added to a product by the power of its brand name. They further point out that there should be a differentiation between consumer brand equity and financial brand equity. Feldwick (1996) cited in Kapferer (2012) states that an explanation of the meaning of brand equity from all angles can be made only by emphasizing individually the brand assets, strength and value.

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