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Marketing Plan
Marketing Plan
ON
MARKETING PLAN
By
Shivani Agarwalla
Sonal Tiwari
INTRODUCING
LA MATERNITE
OUTLINE
1. EXECUTIVE SUMMARY
2. CURRENT MARKET SITUATION
3. MARKET DESCRIPTION
4. PRODUCT REVIEW
5. COMPETITIVE REVIEW
6. DISTRIBUTION REVIEW
7. SWOT ANALYSIS
8. OBJECTIVES & ISSUES
9. MARKETING STRATEGY
10. MARKETING COMMUNICATIONS STRATEGY
11. MARKETING RESEARCH
12. MARKETING ORGANIZATION
13. ACTION PROGRAMMES
14. BUDGETS
15. CONTOLS
EXECUTIVE SUMMARY
CONCEPT : La Maternite is a start-up retail
establishment that will sell fashionable clothing
for the expectant women.
TARGET MARKET: Expectant women
LOCATION: La Maternite will be located in Inorbit
Mall, Mumbai which is a popular destination for
the higher middle-class.
MARKETING OBJECTIVE:Initial goal is to open one
boutique, expansion plans include potentially
franchising our retail store and/or building a
well-recognized brand name for stylish, modern
and affordable maternity wear.
CURRENT MARKET SITUATION
With an assumption of average Rs. 3000
spending on maternity clothing during a
period of 9 – 10 months, the market is a
whopping Rs.10 billion per annum.
Huge gap in the Indian market for stylish for
modern and affordable maternity wear.
MARKET DESCRIPTION
Out of 22 million pregnant women; 3.3 million
women is the target group.
La Maternite’s market consists of expectant
mothers who are outgoing and techno-savvy.
PRODUCT REVIEW
The maternity apparels will offer the following
features to satisfy its target customers:
1. Strechable to ensure easy movement.
2. Use of easy breathable and flowy fabrics like light-
weight cotton, chiffon, etc.
3. Innovative designs to ensure that the women are
in sync with fashion even during their pregnancy.
4. The trousers will have a spandex layer that
protects the belly.
COMPETITIVE REVIEW
i.Mothercare: It was brought to India by Shoppers Stop
ii. Lilliput: Lilliput, which retails children's clothes, has
now introduced maternity wear in their large format
store Lilliput World
iii.Mom & me: Mom & me stores were introduced
recently by Mahindra retail
iv. Green Bell: Green Bell: A large store that stocks
everything for newborns, infants and toddlers. Green
Bell is the ideal spot to head to when in need of high
chairs, cots, prams, soft toys, baby linen, garments,
accessories, toys, baby food and any other baby related
requirement imported and Indian. A section also has on
display a few maternity outfits and comfort wear.
DISTRIBUTION REVIEW
Pregnant women are more likely to purchase
a total co-ordinating package from one
source rather than shop around(Mintel
Marketing Intelligence). So by employing a
multi-channel approach to marketing,
maternity wear companies have a better
chance of winning the bulk of a woman's
spend on her pregnancy wardrobe.
SWOT
Strengths :
Willingness to even pay more as people value
comfort above everything else.
There is a rise in smaller families which
means that there is more money available to
spend on each pregnancy.
The broad trend is also towards having the
first child at an older age, when women are
more established in their careers and
therefore have a higher disposable income.
SWOT (CONTD..)
Weaknesses :
The target audience is constantly changing, and as soon as a
brand relationship has been established with a customer, she
has given birth and is back to wearing 'civvy street' clothing
again.
As women today are having fewer children, there are
correspondingly fewer opportunities to recapture the same
customer for subsequent pregnancies.
Styling and fit requires a fresh approach to design,
demanding more thoughtfulness than simply turning out hot-
off-the-catwalk fashion aimed at the lithe and the lean.
Market is lost every five or six months.People don't start
buying until they have been pregnant for two or three
months, and they don't buy after seven months because they
won't get the wear
SWOT (CONTD..)
Opportunities :
Maternity wear is still an untapped market in
India. There is tremendous potential for
Maternity wear in India as the birth rates are
high in India.Pregnancy is really not about
'confinement' as it was in the yesteryears.
Women are working even in their ninth month
and need clothes that would look smart at the
workplace.
Even homemakers are used to dressing up well
and don't want to give up their sense of style
during pregnancy.
SWOT (CONTD..)
Threats :
Competition from the existing players in the
market.
Since it is an untapped market there is a
threat from players entering this segment.
Local unorganised retail stores.
OBJECTIVES AND ISSUES
First-year objectives- penetrate itself in the
maternity wear market and establish a position
besides its existing competitors.
Second-year objectives- capture a 10% market
share of Mumbai’s maternity wear market. It also
includes to achieve break-even by the end of third
quarter in the second year.
Issues – In relation to the product launch, the major
issue is to establish a foothold in the market and to
create a meaningful positioning. We also have to
invest heavily to promote the store and create a
distinct brand image projecting quality and value.
MARKETING STRATEGY (4 PS)
PRODUCT STRATEGY
The maternity apparels includes a range for
casual, formal and evening wear. The
product will be sold with the assurance of
altering the garments for free once the child
is born so that women treat it as an
investment. We will introduce more high-end
garments the following year. Building the
brand will be an integral part and the brand
name will be displayed on the product and
its packaging.
PRICE STARTEGY
The price range will differ across products.
The pricing strategy that will be used is
Penetration Pricing .
The price range for all the available
garments will be as follows-
-Casual wear-Rs. 800-2500
-Formal wear- Rs. 1000-4000
-Evening wear- Rs. 1500- 4000
PROMOTION & DISTRIBUTION STRATEGY
CHIEF MARKETING
OFFICER