Marketing strategies for the UK-Based online fashion retailer Boohoo / Jashim Uddin Ahmed, Umama Rahman, Asma Ahmed, and M. Raihan Sharif.
Materialtyp:
TextSerie: Utgivningsuppgift: London : SAGE Publications: SAGE Business Cases Originals, 2023Beskrivning: 1 online resource : illustrationsInnehållstyp: - text
- computer
- online resource
- 9781529611410 :
- 658.802
During the COVID-19 pandemic in the UK, the online share of retail sales increased. For online sales in the UK, the largest share of spending is for fashionable dresses, shoes, and accessories. Boohoo is a UK-based online fashion retail business that has introduced revolutionary ideas in the online fast fashion business. During the COVID-19 pandemic, Boohoo experienced an increase in revenue of approximately 40% in the last quarter of 2020. Boohoo is expanding its business by taking over struggling brands in the UK and the United States and plans to create a strong stock market portfolio. Boohoo's key strategy is to use social media to reach its target customer group in order to capture a large market share. Furthermore, compared to its competitors in the high street retailer segment, Boohoo is doing well in reaching its target audience. Another unique feature of this fast fashion retailer is the introduction of the "body positivity" movement, so that all its clothes are now available in very large sizes. This case briefly discusses the unique features of Boohoo, its market expansion, and its key strategies for brand development, and examines the challenges it faces as well as future opportunities for business growth. Students will be asked to analyze the market segmentation, brand development, and marketing mix implemented by Boohoo and use it as an example of a fast fashion player in the fashion industry.
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