Friday, May 24, 2019
Marketing: Sense and New Balance Essay
New symmetricalness has been in business for 103 years. The order started in Boston manufacturing shoes of police officers, waiters and any other occupations that kept people on their feet all day. In the 1970s New ratio switched its focus and decided to make athletic shoes for all athletes.New Balance marketing department decided it was time to go overseas and to make money so, they open retail strain in 2010. The stores are called Experience ancestrys rigid in Beijing and Shanghai. New Balance stores decoration emphasizes on the companys heritage and accomplishment over the years. The marketing team of New Balance uses five senses to market the Experience Store in mainland China. From the time customer walk in the door they get the feeling theyre in a different era from the music to smell of the store. A DNA ribbon in each Experience Store accents the companys history and accomplishments.The store setting promotes DNA concept and brings customer to the second floor where the store has a more modern setting. New Balance was planning its entry to China the Experience stores shows the concept of sensory branding that is the process in which is a brand experience that calls upon all of the senses in reflecting a companys brand. To cargo deck the concept of Total Fit the stores include healthy running tips, pointers on foot care and input from well known runners in China.Questions 1. Do you sound off opening retail stores in China is a good move for New Balance? Why or Why not? I take it was a good move for New Balance to move to China. Its a good idea for any company or any company to expand their business overseas it is just good business practice this day and age.2. New Balance calls its new retail stores Experience Stores in your confidence what does the company mean by experience and how does that experience translate to sales? I think New Balance call its retail stores Experience Store because they have been in business for a long time. Experience is a good teacher with that been say New Balance should know how to generate sales.
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