Segmentation & Opportunity Analysis DB

It reduces inventory in store and creates less waste

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Unformatted text preview: I think that's why Old Navy does Plus Size specifically online. It reduces inventory in store and creates less waste. It can be harder to be predict what a person might be, but online, they've already told you they wanted. It works really well, items are rarely out of stock, and if they are the wait is very small. Plus size customers often don't feel comfortable shopping at malls. Shopping from the comfort of your own home adds even more appeal to avoid any embarrassment of asking the sales person for larger sizes. (Post is Unread) Thread: Post: Author: Segmentation & Opportunity Analysis RE: Segmentation & Opportunity Analysis Angeleah Smith Posted Date: Status: March 6, 2013 11:34 PM Published Market Opportunity Analysis is “an applica4on of forecas4ng techniques to the market factors that may influence the demand for a product iden4fied as a market opportunity.” (Business Dic4onary, 2013) Segmenta4on is the separa4on of a popula4on into different demographics such as age, gender etc. (Business Dic4onary, 2013) Essen4ally the two used together breaks down how different demographics would react to a product. For example Old Navy would divide their demographics by gender, then by age categories. Someone my age is probably the customer they are looking for. I’m 24, female, and I do like indulge in new clothes. Being plus size I can select from their plus size categories online. This puts me in a young female most likely to shop online category. Older people are probably less likely to shop in stores, and even less likely to shop online. So their marke4ng will be directed to someone that fits with my demographics. Bibliography Business Dic*onary. (2013, 03 06). Retrieved from Market Apportunity analysis: hYp://www.businessdic4onary.com/defini4on/%A0market- 5 of 30 5/22/13 10:13 AM Collection http://post.blackboard.com/webapps/discussionboard/do/messa... opportunity%20analysis.html#ixzz2Mp9WvJSO Business Dic*onary. (201...
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