Executive Summary
Canada Goose Inc. is a company who devote itself to luxury sport jacket industry. It is famous for style and functionality product. Over 150 independent retail stores has been owned with the standard expand consecutively. The products have been placed in a lot of countries except two authorized dealers. Dani Reiss, the president of Canada Goose, is pleased with sales and brand popularity. He decides to grasp the opportunity to strive for better development.
The North Face as an American outerwear company is the main competitor of Canada Goose among many premium jacket market.
Reiss received two distribution .One offer from high-end national chains, Asmuns Place, a leading fashion specialty store for both women
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Implications
Canada Goose had laid a solid foundation of brand popularity while keeping the sustained and steady growth. It has successfully developed a large number of loyal customers based on consistent premium products. The most important is the cooperation with either company could be the inflection point to Canada Goose.
Market Analysis
4Ps:
Place | Independent storesOnline | Price | $450-$890 | Product | Menswear Constable, Chilliwack, Expendition,Nomad, Heli-Arctic, Voyager, Snow Mantra | WomenswearChilliwack,Porter, Expendition, Solaris, Mystique, Trillium, Voyager | | Promotion | Word-of-mouth advertisingProduct placement and sponsorship | There are numerous premium winter jackets in the market.
The type of customer is extensive from 16 years old to 64 years old.
People who buy Canada Goose’s product rarely consider cost.
The North Face is a strong competitor to Canada Goose.
The behavior of retailer such as heavily discounting to stimulate market sometimes has a negative aspect to Canada Goose’s brand.
Canada Goose is an environmentally friendly company. All products from Canada Goose are marked up 100 percent when selling at retail store.
Canada Goose ‘s product are sold online through authorized retailers and independent stores across Canada via customers as Westbrook Downtown.
Competition
| Extremely fashionable jackets | Low price jackets | Strength | Fashion
The company’s product mix is simple. They offer a wide variety of junior, plus, men’s, boy’s and infant apparel and low prices. The company also offers accessories, shoes, handbags, and home décor to differentiate itself in the market.
• The company has the opportunity to grow in various markets and aquire new customers such as malls, hotels, offices, and motels not only in Canada but as well as the United States.
SWOT Analysis: Paradise holds strong buyer power which enables it to bargain for lower price and discount. As market leader and Quebec company, Paradise can promote itself through reminding customer about company hisotry to strength their preference and loyalty . The weakness lands at that Quebec is the only market in Canada; the collapse of one location will damage the entire business. The threat mainly lands at pricing competition from FunTours.
The North Face was founded in 1966 in San Francisco, California by two hiking enthusiasts taking a chance on a dream. Douglas Tompkins and his then-wife, Susie Tompkins, sold their small, climber targeted, clothing brand to Kenneth “Hap” Klopp two years later. From a single storefront to a global brand, The North Face has enjoyed incredible success in their 50 years of existence. They produce high quality outdoor apparel, gear and footwear in countries all across the globe. The North Face is a market leader when it comes to technology and performance. It’s clothing and equipment lines are catered towards college students, climbers,
Attracts customers with other preferences and may compete broadly in the industry by branching out in new locations
The largest company is Boutique Knitting. In Canada, the major Sweater manufactures are located in Ontario Quebec and Manitoba and in 1996, the Sweater sales was totally about 500 million USD. Current competition is Coopers Knitting, San
Canada Goose should expand their distribution of its product to Eastern Europe starting with Russia since it is a country with severe winter conditions. This will assure Canada Goose growth without the risk of saturating the
WestJet is also facing a strategic problem, the longer term impact that growth is having on WestJet’s culture. WestJet’s success and competitive advantage have been a direct result
The most serious threat to The North Face is Patagonia, as both companies target the more serious outdoor adventurers. But of the two outdoor apparel companies, The North Face is trendier and appeals to a younger market, particularly college students, and products are available in thousands of retail stores nationwide. Therefore, The North Face appeals to more of a mass-market. In comparison, Patagonia has a distribution strategy that requires the operation of a limited number of retail locations in areas where demand is not as popular for outdoor apparel. Moreover, Patagonia continues to target the same market and do not aspire to become a trendy brand that is similar to The North Face.
Canada Goose has shown excellent performance and numbers ever since Dani Reiss took over as CEO of the company in 2001. In the decade since, the company has registered an astounding 4000% growth leading many in the industry to deem Reiss as a visionary. Canada Goose has established strong markets in many European countries, especially the Scandinavian ones in addition to its home base in Canada. What is more surprising is that the company has been able to achieve such phenomenal success at the most meagre of marketing budgets – marketing including salaries accounted for 10% of Canada Goose’s total revenue. Organic marketing, including word of mouth marketing were the company’s biggest draws and
One of Gap Inc.’s biggest competitors is J. Crew Group because they have similar branding strategies and product offerings. J. Crew Group is an internationally recognized brand that offers apparel and accessories and differentiates itself through high standards of quality, style, design, and fabrics. The company operates stores and websites both domestically and internationally, and designs, sells, and markets products under the J. Crew, Crewcuts, and Madewell brands. Their customer base includes people who are affluent, college-educated, professional, and fashion conscious. They operate a total of 451 stores located in the United States, Canada, and the United Kingdom.
At the beginning the company was considered leader of its industry due to its capacity to customize a store to its neighborhood,
It allows H&M to source their suppliers easily at a lower cost. In return, save some operational costs and improve its revenue.
Store ownership and management- It has many directly opened stores and are managed by themselves, which makes the product supply smooth and strong.
1 2 3 4 5 Large market share Good reputation on brand name Good promotional effectiveness Sufficient material supplies Design specific menu