Brand Extension Analysis Of Veet

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Veet: [Type the document subtitle] [Pick the date] [Type the company name] sony Contents ANTECEDENTS Growth rates and Implications 2 Beauty Depilatory or Hygiene depilatory? 3 IS VEET EXTENDABLE? Using the Keller Brand equity model 4 COMPARISON OF OTHER EXTENSIONS TO A BEAUTY BRAND ( from Exhibit 5 ) 6 IDENTIFICATION OF CATEGORIES WHERE VEET IS EXTENDABLE Extension Map For Veet: 8 HOW AND WHEN SHOULD THE EXTENSION BE DONE? EVALUATION OF ALTERNATIVES ANTECEDENTS Growth rates and Implications Before entry of Veet 2001-2003 | | | | MARKET | VEET | | GROWTH RATE | | | 355 | 0 | | 5.88 | | | 359 | 0 | | | | | 398 | 0 | | | | | | | | | | | One the year of launch of Veet-2004 | | | 514 | 8 | | 29.145 | | | | | | | | | 2005-2010 | | | | | MARKET | VEET | DIFFERENCE | | | | 802 | 100 | 702 | | | | 1024 | 198 | 826 | | | | 1882 | 416 | 1466 | | | | 2177 | 590 | 1587 | | | | 2633 | 792 | 1841 | | | | 3105 | 1070 | 2035 | | | | | | | | | | | | | | | | | | | | | | | | | | | | CAGR of the competitors put together | 23.72 | | CAGR of Veet | | | 60.64 | | * The CAGR of the competitors was 5.88% before Veet was launched * The growth rate of industry rose to 29% on the year of launch of Veet though Veet did not have considerable market in the launch year * Consumers buy products for different reasons but the advertisements of Veet featuring Katrina had created the need for the product by showing Imagery which would appeal to the hedonic reasons of buying a product * The advertisements catapulted the creams segment of the hair removal industry by creating the need for creams by extremely good consumer behaviour study Consumers are expecting products which will satisfy their hedonic

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