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Dissertation

A self-devised dissertation and final year project focused on providing a personalised beauty platform for women over 45.

A self-devised dissertation and final year project focused on providing a personalised beauty platform for women over 45.

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As demonstrated below, the cosmetics and skincare industries are a heavily saturated area;<br />

meaning there is little room for new products. However, when focusing on technology-based retail<br />

and brand experiences, there is room for further innovation. This demonstrates a clear gap in the<br />

industry, that a new beauty brand could address in the UK.<br />

[Fig 37] Perceptual Map (2016).<br />

The wealth of products already on<br />

the market means it could be worth<br />

considering alternative ideas, such as<br />

introducing a new platform. Creating<br />

a platform that sells multiple brands<br />

and products could provide the best<br />

solution for targeting women over<br />

40. There already services like this<br />

out there, such as Beauty Bay and<br />

Feel Unique; however, both of these<br />

are purely online platforms with no<br />

physical store. These brand are also<br />

both aimed at a younger, millennial<br />

consumer; meaning they may be<br />

failing to harness the potential of<br />

targeting an older consumer basis.<br />

This brand model would combine the<br />

ease of online, where you can compare<br />

multiple products, with the physical<br />

experience of a store; this may be<br />

the phygital experience missing from<br />

today’s high streets.<br />

Creating a platform that sells multiple<br />

brands may also help to draw in<br />

their existing, loyal customers, who are perhaps just<br />

looking for the extra service or new approach that this<br />

platform offers. The primary research questionnaire<br />

indicated that 74.5% of respondents agreed that they<br />

are loyal to the brands they like and consequently<br />

repurchase from these brands (Appendix F.2). The<br />

same participants also highlighted customer service<br />

(84.3%), waiting time (68.6%), range of choice (76.4%)<br />

and memorable experience (17.6%) as their 4 most<br />

important aspects of a positive in-store experience<br />

(Appendix F.2). Selling multiple brands under one<br />

roof is also perhaps the most sustainable model for<br />

a brand to follow within the current retail landscape;<br />

department stores are showing great growth at the<br />

moment, as Charles Barker, managing director of the<br />

Northallerton Barkers department store, discusses<br />

“It’s very convenient to customers to have such a lot<br />

of things under one roof” (Bearne, S. 2016). Maureen<br />

Hinton, group research director at retail consultancy<br />

Conlumino seconds this, stating that “department<br />

stores have the ability to flex their ranges and give<br />

space to the sectors and brands that offer the most<br />

growth opportunities” and “this means they can tap<br />

into consumer trends and react far quicker than own<br />

brand stores” (Bearne, S. 2016).<br />

39

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