Marketing Essay- Victorias Secret and Sephora

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Victoria’s Secret Marketing Strategy Victoria’s Secret is a women’s intimate apparel store owned by Limited Brands, whose portfolio of business includes PINK, Bath and Body Works, La Senza and Henri Bendel. Product: Victoria’s Secret has provided their customers with a product mix that meets their wants and needs. Victoria’s Secret has expanded its product categories outside its core lingerie products in order for customers to have more options. As of today, the brand offers sportswear, swimwear, loungewear, handbags, fragrances and make-up. Also, several years back Victoria’s Secret launched sub-brand PINK which targets college girls between 15-34 years old. By having PINK, Victoria’s Secret broadened their target market. During the holiday season Victoria’s Secret had some successful product launches such as Angel Fantasies bras and the Angel Gold Fragrance. According to finance website Trefis “These products received good customer response, resulting in 4% comparable store sales growth in November” (Trefis). Price: Victoria’s Secret lingerie price range is $9.50- $58, and for fragrances and cosmetics it is $10 - $45. Since the economic downturn and declining sales back in 2009, Victoria’s Secret started to focus on lowering the price of certain merchandise “The company will introduce more budget-conscious styles this fall. Victoria's Secret will offer a new "everyday" collection in September, with bras for $29.50. The Pink division, which targets a younger consumer, will introduce the Wear Everywhere bra with a promotion of two for $32 next month as well” (Holmes). Since Victoria’s Secret took into account to lower their prices and to increase promotions, sales have soared. Place: Victoria’s Secret sells merchandise through three channels: retail stores, catalogues and the Internet. This “360 degree” approach strengthens the company’s brand and increases

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