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Strategy and SWOT analysis for Lacoste

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About the document

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documents in English
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term papers
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13 pages
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Expert
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  1. Introduction
  2. Marketing Analysis
    1. Brand History
    2. SWOT
    3. Marketing Mix
    4. PESTEL Analysis
    5. Porter's Five Forces
    6. Mapping
  3. Communication
    1. Current advertising campaign and criticism
    2. Copy Strategy
    3. Media planning

Since its origin, the brand has been very famous and its model is impossible to circumvent, known under the name of code ?1212', and remains everlasting. Although it has an international reputation, everyone associates it with a sports shirt whereas it is actually about a shirt, with the color white, but now available in several colors.

Its style is of ?piqué honeycomb' which was turned down in the name of a sports shirt. Lacoste is a famous brand thanks to its range of clothing. The logo ?crocodile' is of public notoriety. Today, the brand proposes a broad range of clothing known as ?smart sportswear'.

This clothing corresponds to the customers concerned. They are people who are more or less young, attending country clubs and club houses. The brand has a collection of sport shirts, jackets, as well as pants, i.e. all the panoply of the young dynamic framework or quinquagénaire. In order to satisfy these two types of customers, Lacoste proposes adequate colors and different models, more or less sober.

The products are intended for men, women and children. With the passing of years, Lacoste has diversified. It proposes today, in addition to clothing, products made up of shoes, belts, watches, glasses, perfumes, household linen, leather working, and articles of sports, like tennis and golf and even nautical clothing. The main target of Lacoste are the middle-class customers. The goal of this price policy is first to rebuild the blazon of the brand.

The price of clothing is also in coherence with its quality, which remains a pledge of high standing. Lacoste is thus an old brand having a very strong notoriety. This was somewhat sullied by a brand image for hooligans. It is partly for this reason that the brand decided to keep a price policy rather high. The objective here, is to find a coherent image and not that which the general public has been familiar with in these last years.

Lacoste enjoys a very strong reputation as one which caters primarily to the ?preppy' classes, a niche segment which the brand has been trying to retain. This need to conform to a distinct brand image is partly why Lacoste has designed a pricing policy which is within the reach of few consumers. The objective is to find an image consistent with the expectations of high-end consumers rather than the general public and to build upon it over the years.

The main target of Lacoste is a wealthy clientele, upper middle-class fans of premium sportswear clothing. The aim of this particular pricing policy is primarily to restore the prestige of the ?crocodile? brand vis-à-vis the competition, which is particularly prevalent here. The price of the clothing is also consistent with its quality, which is a guarantee of high standard.

Since its inception, the brand's success has defied time and cemented its place in the fashion circles, and is still known by the codename "1212". Although the brand currently offers a range of sportswear in several colors, most people still associate Lacoste with the original white polo shirt bearing the small crocodile logo

Tags: Lacoste marketing mix, Lacoste growth strategy, pricing policy

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