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Burlington socks brand revitalization and extension

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The purpose of this paper is to introduce Burlington Socks brand extension in the US with respect to brand management concepts. The paper describes the extended brand, and analyzes the subjects of brand, brand equity, and strategic brand management – the design and implementation of marketing programs and activities to build, measure, and manage brand equity. To understand how to improve the long-term profitability of the brand extension strategy and mitigate the risk of brand dilution, the paper provides with concepts and techniques including positioning, brand elements, integrated marketing communications, secondary brand associations, branding strategies, managing brands over time, market segments. Keywords: brand resonance, mantra, point-of-parity and points-of-difference, brand elements, brand values, secondary brand associations, brand image, perceived value, brand relevance, brand awareness, marketing strategy, marketing promotion, database marketing, integrated marketing communications, database marketing.

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Page 1: Burlington socks brand revitalization and extension
Page 2: Burlington socks brand revitalization and extension

Founded in 1923, Burlington Industries Greensboro North Carolina Hosiery, Men's and Women’s Socks Argyle Diamond Pattern Design, Innovation (Bioguard) US market, license Kayser-Roth, Inc.

Page 3: Burlington socks brand revitalization and extension

Going out of online business is not a serious decision

Brand needs revitalization New development around

design and reinforcement of innovation

Leveraging its basic triangle logo

Effective July 22, 2013, Burlington

socks and hosiery will no longer be

available for purchase online at

Burlingtonsocks.com.

Page 4: Burlington socks brand revitalization and extension

Maximize present value by its specificity, distinctiveness

Define goals and find the perfect market balance

Be unconventional, be the risk takers and the fun havers

Shift image to one that expresses individuality

Page 5: Burlington socks brand revitalization and extension

Create extension equity Desired point-of-parity Powerful points-of-

difference functionality to appealing to

fashion and style still maintaining image and

quality of performance

Page 6: Burlington socks brand revitalization and extension

Offensive strategies Authenticity as a Core Value

Memorability Burlington memorable ad campaigns

Meaningfulness Being the official sock of the creative

counterculture Likability

Friendly, Burlington Socks is a likable company because exuding niceness

Page 7: Burlington socks brand revitalization and extension

Defensive Strategies Launch sport and music

programs, which moves the brand to being an actual music and sport event producer

Transferability-Adaptability Build a purpose for the brand

beyond selling: Without this, there’s no path to authenticity at all

Page 8: Burlington socks brand revitalization and extension

Apparel: Outwear

Bags: Handbags

Accessories: Scarves, umbrellas, belts,

wallets, jewelry

Page 9: Burlington socks brand revitalization and extension

Young street culture interested in sport and adventure with a high sense of community

Anticipate consumer preferences and develop new products is vital

Page 10: Burlington socks brand revitalization and extension

Associations with companies (Burlington), countries (USA) and distribution channel (specialty stores, department stores)

Brand ambassador, event sponsorship and other related activities

Page 11: Burlington socks brand revitalization and extension

Balance: margins and basic Focus the action on lifestyle

brands. Boost brand reputation Create buzz and excitement Generate an engaging

customer experience outside the store

Page 12: Burlington socks brand revitalization and extension

Establishing a deep emotional bound

Increasing sales Project a modern and

innovative image in line with brand values

Establish a strong digital presence

Page 13: Burlington socks brand revitalization and extension

Associations, brand ambassadors, co-branding, licensing

Design customized marketing activities

Leverage secondary associations

Develop brands elements and new products

Page 14: Burlington socks brand revitalization and extension

Viral advertising campaigns Mobile

marketing/cobranding initiatives

Advergaming: gamers want to play the game

Social networks Launch Facebook challenge:

personalize your outfit

Page 15: Burlington socks brand revitalization and extension

Old loyal customers Socks not pleased with transformation to fashion centric strategies

Burlington image be diluted In co-branding, Burlington

Socks can lose charge or control to the overall brand development process as it is peg with other brands

Page 16: Burlington socks brand revitalization and extension