MS.MRIDU VIJH Swati Mishra PGFBM 42151 - Portfolio 2016
Transcription
MS.MRIDU VIJH Swati Mishra PGFBM 42151 - Portfolio 2016
“Indicative merchandising plan for Pepe Jeans women’s wear in comparison with other denim brands” Submitted to MS.MRIDU VIJH Pearl Academy, Mumbai SCHOOL OF CREATIVE BUSINESS In complete fulfillment of the P.G. Diploma in Fashion Business (Merchandising) - 2014 -2016 by Swati Mishra PGFBM 42151 May 2, 2016 1 LETTER OF ACKNOWLEDGEMENT I express my sincere gratitude to Pearl Academy for providing me with a platform to work on a live industry project on the brand Pepe Jeans London. A hearty thanks to my faculty mentor, Mrs. Mridu Vijh for her guidance and constant supervision as well as for providing necessary information regarding the project. I would like to express my special gratitude and thanks to my industry mentor, Mr. Manish Joshi and the head merchandiser of Pepe Jeans, India, Ms. Shweta Pagare for giving me the attention and time and for guiding me in the right direction to accomplish this project. My thanks and appreciations also go to the Pepe Jeans store employees for their cooperation which helped in developing the project and my classmates who have willingly helped me out with their abilities. This case study is an original document and any references taken from other sources have been duly acknowledged. Faculty Mentor: Mridu Vijh Industry Mentor: Manish Joshi Student: Swati Mishra 2 TABLE OF CONTENTS: CHAPTER NO. TITLE PAGE NO. 1 Executive Summary 1 2 Literature review 2 2.1 Introduction to Pepe Jeans 2 2.2 Product Categories 4 2.3 Major Customers of Pepe Jeans 5 2.4 Departmental structure of Pepe Jeans 8 2.5 SWOT ANALYSIS 9 3 Denim market in India 10 3.1 Growth Drivers 12 3.2 Trend Analysis 12 Denim brands in India 13 4.1 Levi’s 13 4.2 ONLY 14 4 3 4.3 Lee 15 4.4 Jealous 21 16 4.5 United colors of Benetton 17 5 Understanding the need gap 18 6 Research methodology 19 6.1 Research Objective 19 6.2 Qualitative research 19 6.3 Quantitative Research 19 6.4 Qualitative research design 19 6.5 Merchandise plan evaluation of Pepe jeans and competitors 20 6.6 Evaluations of graphical representations 29 Indicative merchandise plan 38 Explanation of the Indicative merchandise plan 40 8 8.1 9 Conclusion 4 41 10 References: 42 11 Appendix 43 List of images: IMAGE NO. TITLE PAGE NO. 2.1 Pepe Jeans logo 2 2.2 Pepe Jeans ‘Made for Mischief’ campaign SS’14 3 2.3 Pepe Jeans promotional campaign 3 2.4 Pepe Jeans custom studio, Delhi 3 2.5 L73 range of women’s wear denims 4 2.6 L73 range of women’s wear denims 4 2.7 L73 range of women’s wear denims 4 2.8 Women’s wear knits (tops) 4 2.9 Women’s wear knits (tops) 4 2.10 Women’s wear knits (tops) 4 2.11 Women’s wear wovens (tops) 5 2.12 Women’s wear wovens (tops) 5 2.13 Women’s wear wovens (tops) 5 5 2.14 Women’s wear dresses 5 2.15 Women’s wear dresses 5 2.16 Women’s wear dresses 5 2.17 Women’s wear skirts 5 2.18 Women’s wear skirts 5 2.19 Women’s wear skirts 5 2.20 Women’s wear non-denim bottoms 6 2.21 Women’s wear non-denim bottoms 6 2.22 Women’s wear non-denim bottoms 6 2.23 Target Group Of Pepe Jeans 7 3.1 Denim market in India 11 4.1 Levi’s ad campaign for women with Alicia Keys 13 4.2 ONLY ad campaign 14 4.3 Lee ad campaign for women 15 4.4 Jealous 21 butt out ad campaign 16 4.5 UCB SS’16 ad campaign for women 17 6 List of tables and Charts: Item no. 2.4 Title Departmental structure of Pepe Jeans Page no. 8 6.1 Division of product categoriesPepe Jeans 20 6.2 Division of product categoriesLevi’s 20 6.3 Division of product categoriesONLY 21 6.4 Division of product categoriesUCB 21 6.5 Division of product categoriesJealous 21 22 6.6 Division of product categories-Lee 22 6.7 Fits of the jeans-Pepe Jeans 23 6.8 Fits of the jeans-Levi’s 23 6.9 Fits of the jeans-ONLY 24 6.10 Fits of the jeans-UCB 24 6.11 Fits of the jeans-Jealous 21 25 6.12 Fits of the jeans-Lee 25 6.13 Product depth-Pepe Jeans 26 6.14 Product depth—Levi’s 26 6.15 Product depth-ONLY 27 6.16 Product depth-UCB 27 6.17 Product depth-Jealous 21 28 6.18 Product depth-Lee 28 7 6.19 Preferred denim brand 29 6.20 Attractive attribute of the preferred brand 29 6.21 Most preferred fit for jeans 30 6.22 Preference of brand 30 6.23 Aspects considered when buying a pair of jeans 31 6.24 Importance of graphics of logos on a product 31 6.25 Preference for type of jeans 32 6.26 Acceptable price range 32 6.27 Most preferred product category from Pepe Jeans 33 6.28 Most favorite aspect of the brand 33 6.29 Affordability of the brand 34 6.30 Other denim brands 34 6.31 Competition 35 6.32 Brand identity 35 6.33 Occupation 36 6.34 Annual Income 36 6.35 Gender 36 8.1 Indicative merchandise plan 37 8 CHAPTER 1 1. Executive summary: In India, Pepe Jeans London is the no.1 international denim brand and has the highest market share of more than 25%. The product is not only about the perfect fit but also the brand value and the aspirations attached to it that draws the attention of the consumers. Although, this is true to the word for the men’s wear and kid’s wear collection, The attitude of the brand lacks to reflect on the women’s wear collection with limited options available for the same. A competitor analysis in terms of the product width and depth for women, a complete option plan of all categories of Pepe jeans and consumer’s perspective of the brand will help them comprehend how and where it lacks to recognize the need of its female consumers. 9 CHAPTER 2 2. Literature Review: Problem Statement: To study the women’s wear collection of various denim brands in India and Pepe Jeans as well as understand the deficiency of brand essence and need gap present in terms of options and styles available. 2.1 Introduction to Pepe Jeans: Pepe Jeans is a renowned brand in the apparel industry and is amongst the top international jeans and casual wear brand. Currently headquartered in Madrid, Spain Pepe Jeans London was started in a small market stall running only on weekends in West London by three brothers from Kenya - Nitin, Arjun and Milan Shah in the year 1973. The brothers wanted to set up a British brand of jeans that would be known globally. It was inspired by London street-wear style and was called Pepe because it was a short two syllable word that was really fast to remember. By 1980, the brand was competing against the big rival brands like Levi's, Lee, etc. Pepe Jeans offers a wide range of products to its consumers and tries to cover the intended target market through its advertising and promotions. It is present across the globe in almost 100 countries with numerous loyal customers. The brand target audience prefers to be individualistic and may have the attributes of having interest in music and sports and keeping up with the latest trends being the most important of them. Over the years the brand has worked with innovative creatives and emerging models. A young Kate Moss featured in the Autumn Winter 90/91 Direction Books and the tradition continues with names like Cristiano Ronaldo, Sienna Miller, Laeticia Casta, Fernando Torres, Ashton Kutcher or supermodels Natalia Vodionova and Daria Werbowy all featuring in worldwide campaigns. Image #2.1: Pepe Jeans logo 10 Image #2.2: Pepe Jeans ‘Made for Mischief’ campaign SS’14 Image #2.3: Pepe Jeans promotional campaign Image #2.4: Pepe Jeans custom studio, Delhi 11 2.2 Product Categories for women: Denims (73) Non denim bottoms Top wear – Knits + Wovens Dresses Skirts Image #2.5 ,2.6, 2.7: L73 range of women’s wear denims Image #2.8, 2.9, 2.10: Women’s wear knits (tops) 12 Image #2.11, 2.12, 2.13: Women’s wear wovens (tops) Image #2.14, 2.15, 2.16: Women’s wear dresses Image #2.17, 2.18, 2.19: Women’s wear skirts 13 Image #2.20, 2.21, 2.22: Women’s wear non-denim bottoms 14 2.3 Major Customers of Pepe Jeans: Pepe jeans focuses mainly on the young population between the ages of 18 to 35 for their adult segment. Target age group for kids is divided into sections, Kids and Juniors falling between the ages of 4 to 9 and 10 to 16 respectively. The brand target audience prefers to be individualistic and may have the attributes of having interest in music and sports and keeping up with the latest trends being the most important of them. Jeans is not just an item of clothing for them, but is considered a religion. Image #2.24: Target Group Of Pepe Jeans 15 2.4 Departmental structure of Pepe Jeans: MD & CEO VP- Human Resources Human Resources &Administ ration VP - Sales VP - Finance VP Operations VP- Sourcing and Design Retail Operations Accounts Commercial Design Key Accounts /E commerce IT Inventory Planning & Control Denim MIS Sales Support Warehouse Off Price PurchaseNon Fabric PurchaseFabric Quality Assurance Merchandising Buying/Mer chandising Global Sourcing VisualMerch andising Project Regional Managers Table #2.1: Departmental structure of Pepe Jeans, India 16 Senior ManagerMarketing 2.5 SWOT ANALYSIS: 2.5.1 Strengths: Over 300 stores in 5 continents around the world Target customers of the brand include young and socially savvy individuals who are the biggest contributors to the growth of denim industry Part of the top four denim brands in India which include Levi’s, Wrangler and Diesel Innovative fits and styles introduced every season Introduction of Pepe Jeans custom studio which allows the customers to customize their denims International celebrity brand ambassadors instills recognition among its consumers Impressive social media presence 2.5.2 Weaknesses: Limited collection available for women’s wear segment Very high market competition with globally recognized denim brands High probabilities of brand substitution Belated introduction of Kids wear as compared to already established competitor brands 2.5.3 Opportunities: Rapidly growing denim market in India Growing popularity of denim wear as smart casuals/semi-formal clothing Shift of demand towards premium quality products due to rise in disposable income 2.5.4 Threats: Competitor brands having better options for women Highly competitive price points in the market With the growth in industry, new entrants seen in the market Increase in the number of online stores and brands selling similar products 17 CHAPTER 3 3. Denim market in India: Since the introduction of denim in India in 1986, the industry has evolved continuously, witnessing a healthy positive growth for the past decade. The unbranded denims constitute a higher share in the overall market as the demand for branded denims come primarily from the limited number of mega-metros and metros. With the growing penetration of denims and rising disposable incomes in semi-urban and rural areas, general demand has shifted towards premium quality products and thereby, branded denims may occupy a higher share in the market in the years to come. The major denim fabric manufacturers in India are Arvind Mills (market leader with 14% share in 2014), Aarvee Industries (9% share) and Nandan Denim (8% share). Primary raw material yarn is sourced from the Indian manufacturers such as Alok Industries, Vardhman Textiles group, Trident Group, K.P.R mills limited etc. Many yarn manufacturers have come up with different innovations apart from traditional cotton yarn such as blended cotton yarn, biodegradable yarn made from wood pulp etc., to attribute unique properties like softness, flexibility, comfort etc., in the denim wear. According to www.fashionatingworld.com ,” ‘Make In India’ boost to the country’s denim segment” (Published on Wednesday, 23rd December 2015, Accessed on Wednesday, 2nd March, 2016), the global market for denim is forecasted to reach $64.1 billion by 2020 while the Indian denim industry has shown continual growth over the years and currently the country boasts of a denim manufacturing capacity of around 1.1 billion meters per annum. Its utilization levels are pegged at 80-85 per cent. Despite the impressive statistics, the Indian denim manufacturing industry contributes 5 per cent to the global scenario, reflecting the overall performance of the textiles industry. Sector policies proposed by Government to promote “Make In India” Technology Upgradation Fund Scheme has infused investment of more than INR 2,687 Billion in the industry. Support has been provided for modernization and upgradation by providing credit at reduced rates and capital subsidies. Scheme for Integrated Textile Parks provides world-class infrastructure to new textile units. To date, 57 Textile Parks have been sanctioned with an investment of INR 60 Billion. By 2017, 25 more textile parks are to be sanctioned. Integrated Processing Development Scheme for sanctioning processing parks has been initiated. INR 5 Billion has been earmarked for this scheme. Integrated Skill Development Scheme has provided training to 1.5 Million people to cover all sub-sectors of textiles such as textile and apparel, handicrafts, handlooms, jute and sericulture. 18 In 2012, the denim market in India stood at Rs. 6,700 crore, with unbranded segment accounting for 58 per cent. While the mid-premium market commanded 15 per cent share, luxury comprised 16 per cent of the denim market in 2012. By 2017, however, the unbranded segment will go down to 48 per cent, making room for more premium and mid-premium segments. These segments will grow at about 20 per cent over the next four years, almost double the growth in the unbranded segment. “Young people have become brand conscious. And this is driving the growth of branded denim wear,” says Kewal Kiran Jain, Chairman and MD, Kewal Kiran Clothing, the maker of Killer Jeans. As quoted in the financial express, ‘Indian denim industry: It’s all in the jeans’ by Abhishek Chakraborty (Published on 11th May, 2014, Accessed on 6th March, 2016), Kavindra Mishra, CEO, Pepe Jeans India, feels this is one fabric that will never completely go out of fashion. “The denim market in India is growing at a very fast pace, with the market for branded jeans constituting over Rs.2,000 crore in the country. India is growing at the rate of 10-15% per year,” he adds. Image #3.1: Denim market in India 19 3.1 Growth Drivers: India is the most competitively positioned country in the World for denim manufacturing and exports Denim jeans manufacturing cost is lowest in India India overtakes China in Denim exports Growing popularity of denim amongst kids and women driving the domestic demand Westernization Demographic shift towards youth population Purchase behavior of Indian consumers ‘Make in India’ - a growth catalyst Government support for the textile industry FDI policy 100% FDI is allowed under the automatic route in the textile sector; investment is subject to all applicable regulations and laws. 3.2 Trend Analysis: India’s increasing price competitiveness Rising e-retailing prospect of Indian apparel industry Reducing weight of denims Rising brand aspirations in small towns 20 CHAPTER 4 4. Denim brands in India: 4.1 Levi’s: The Levi’s brand epitomizes classic American style and effortless cool. Since the invention and patent of riveted clothing by Jacob Davis and company founder Levi Strauss in 1873, Levi’s jeans have become the most recognizable and imitated clothing in the world — capturing the imagination and loyalty of people for generations. And while the patent has long since expired, the Levi’s brand portfolio continues to evolve through a relentless pioneering and innovative spirit that is unparalleled in the apparel industry. Levi’s has also invested in continuous advertising initiatives to maintain its original, quality driven and contemporary brand image. Some of its most memorable advertising initiatives were a number of television commercials aired from 1986 to 2003. By consistently using recordings of popular music ranging from traditional pop and punk rock throughout its commercials, Levi’s was able to portray a truly differentiated brand image for its brand that has highlighted its signature authentic, quality driven yet modern brand personality. This has in turn created a lot of emotional connection with its existing and potential target markets, thus leading to strong brand loyalty throughout the years. As of today, Levi’s lovable brand image has helped its brand grow from a humble waist overalls manufacturer to a global clothing company with operations in 110 countries worldwide. With its excellent collection of products that directly reflects its iconic brand personality, Levi’s continues to enjoy strong brand loyalty, mind and market share among its target markets. Image #4.1: Levi’s ad campaign for women with Alicia Keys 21 4.2 ONLY: The ONLY brand was introduced to the Danish market in 1995 with its first store opening in Oslo Arkaden in 1997. In 1996 ONLY opens in China, managed by the Bestseller Fashion Group China. Today, there are more than 1,100 ONLY retail shops in China. ONLY became an independent brand within the Bestseller company in 2000 which owns some of the world's most famous brands including Vero Moda and Jack & Jones. Today ONLY is an established and renowned retail chain with more than 300 shops in Europe and the Middle East and is still growing. It is sold in more than 6,500 wholesale shops and is present in 23 markets. Since 1995, ONLY has been known for designing and producing stylish jeans to lead the denim patrons away from the grey, dreary and monotonous fashion they had grown accustomed to. This Danish brand basically started a revolution to spread the love of jeans everywhere with women's clothing which is creative, fun and individual. ONLY clothing is made from excellent, high quality materials and produced at extremely high standards. As a leading brand of jeans, the ONLY collection has everything you can imagine in denim, appearing in all in different styles so that there is something perfect for every girl, regardless of her taste and figure type. Image #4.2: ONLY ad campaign 22 4.3 Lee: Lee Jeans is a leading international retailer and manufacturer of denim wear and casual wear. Headquartered in Merriam, Kansas, near Kansas City, Lee currently employs more than 400 people across the United States. Lee Jeans' parent company, the VF Corporation, is the largest publicly held apparel company in the world. It is traded on the New York Stock Exchange under the symbol VFC. The VF Corporation is a leader in branded apparel including denim wear, outdoor products, image apparel and sportswear. Lee Mercantile Company was founded by Henry David Lee in 1889, when Lee opened his first garment factory in Salina, Kansas, producing dungarees and jackets. Through the '20s, Lee introduced many new innovations to manufactured denim, most notably the zipper fly. Throughout the '30s and '40s Lee continued to build on their brand, becoming the nation's number 1 manufacturer of work clothes. The company continued to expand its fashion lines throughout the '70s, '80s and '90s, launching Lee National Denim Day in 1996. Today's Lee is all about bringing more fits, styles, finishes, features and choices than ever before to market. Image #4.3: Lee ad campaign for women 23 4.4 Jealous 21: Jealous 21 is an exclusive women’s wear denim brand from Indus league (a division of Future Lifestyle Fashion LTD) which happened to revolutionize the denim market in India. Previously, only a single waist to hip ratio was available in the market which rendered impossible for an Indian woman to find a pair of jeans that fit her perfectly. Jealous 21 changed that by launching jeans that fit every body type through a unique concept, three waist to hip ratios- Hottie for slim hips, Hourglass for medium hips and Bootilicious for curvy hips. The primary aim was every young woman who enters a Jealous 21 store does not leave disappointed. Image #4.4: Jealous 21 butt out ad campaign 24 4.5 United Colors Of Benetton: Benetton was started in 1963 as a small Italian company that produced hand-knitted wool sweaters in classic colors. To appeal to the rapidly growing youth market, the company decided to produce the sweaters in bold, bright, fun colors. To go along with this new image, the company name was changed from "Benetton" to "United Colors of Benetton." Recently, however, United Colors of Benetton has become more famous for its radical and innovative approach to advertising than for its clothing. Past campaigns have used very graphic images and have focused on such controversial issues as the death penalty, AIDS, race relations, cultural conflicts, world hunger and child labor. Benetton feels that "the purpose of advertising is not to sell more; it has to do with the institutions' publicity, whose aim is to communicate the company's values." In addition to the advertising, Benetton launched an international magazine, Colors, in 1991, that is dedicated to its multi-racial and multi-cultural attitude. Colors is published in eight bilingual editions and sold in 120 countries around the world. The success of the magazine, catalogue, and provocative advertising has turned a small, family-owned business into a global, 120 country-wide franchise, with clothing taking a definite backseat to lifestyle. Image #4.5: UCB SS’16 ad campaign for women 25 CHAPTER 5 5. Understanding the need gap: With the growing popularity of denim wear among the women in India, Pepe Jeans has been unable to keep up with meeting their demands Very few options are available for women as compared to men With many established women’s wear only denim brands available in the market, consumers would choose them over Pepe Jeans if not satisfied with choices Also, many e-commerce brands like Koovs, etc have introduced many product categories for women at highly competitive prices, thereby increasing competition which could result in consumers losing confidence in the brand 26 CHAPTER 6 6. RESEARCH METHODOLOGY: 6.1 Research objective: To understand the product width and depth available in the studied denim brands for the women segment To study the consumer standpoint of the preference and understanding of the mentioned denim brands To study the inexplicable consumer perception of Pepe Jeans To fulfill the Research Objective, two methodologies were undertaken Qualitative Research Quantitative Research 6.2 Qualitative Research: Face-to-Face interviews were conducted with the decided Target Group in the city using structured questionnaire. Online survey was taken using Google forms with structured questionnaire among the Target Group. 6.3 Quantitative Research: Informal interviews with the stakeholders to acquire in-depth insight in the brands Consumers Sales staff Collection of the merchandise plan for women’s wear for each brand 6.4 Qualitative research design: Research is a descriptive research. Sampling unit: Female denim patrons in Mumbai Sample size: A sample size of 84 is decided upon Sampling procedure: Convenience sampling Questionnaire Statistical techniques would be used to compute the data and reach a conclusion 27 6.5 Merchandise plan evaluation of Pepe jeans and competitors 6.5.1 Division of product categories Pepe Jeans 2% 33% 34% KNITS WOVENS DENIMS NON DENIMS 31% Jeans is the widest product category at Pepe Jeans, followed by knits Levi’s 6% 23% KNITS WOVENS 40% DENIMS NON DENIMS 31% Jeans is the widest product category at Levi’s, followed by wovens 28 ONLY 7% 20% KNITS 50% WOVENS DENIMS NON DENIMS 23% Knits is the widest product category at ONLY, followed by wovens United Colors Of Benetton 3% 18% KNITS WOVENS 51% DENIMS NON DENIMS 28% Knits is the widest product category at UCB, followed by wovens 29 Jealous 21 4% 32% KNITS WOVENS 40% DENIMS NON DENIMS 24% Jeans is the widest product category at Jealous 21, followed by knits Lee 3% 32% KNITS 40% WOVENS DENIMS NON DENIMS 25% Jeans is the widest product category at Lee, followed by knits 30 6.5.2 Fits of the jeans Pepe Jeans 4% SKINNY SLIM 33% STRAIGHT BOOTCUT BOYFRIEND 59% JEGGINGS LEGGINGS 4% Pepe Jeans has mostly slim fit jeans Levi’s 9% SKINNY SLIM 24% STRAIGHT 48% BOOTCUT BOYFRIEND JEGGINGS LEGGINGS 19% Levi’s has mostly skinny fit jeans 31 ONLY 6% SKINNY 6% SLIM 13% STRAIGHT BOOTCUT BOYFRIEND JEGGINGS 75% LEGGINGS ONLY has mostly skinny fit jeans UCB 9% SKINNY SLIM 32% STRAIGHT BOOTCUT 36% BOYFRIEND JEGGINGS LEGGINGS 23% UCB has mostly straight fit jeans 32 Jealous 21 11% SKINNY SLIM STRAIGHT 47% BOOTCUT BOYFRIEND 42% JEGGINGS LEGGINGS Jealous 21 has mostly skinny fit jeans Lee 17% SKINNY 24% SLIM 5% STRAIGHT BOOTCUT 7% BOYFRIEND JEGGINGS LEGGINGS 47% Lee has mostly slim fit jeans 33 6.5.3 Product depth Pepe Jeans 2% 27% TOPS 31% T-SHIRTS DRESSES SKIRTS 1% 9% DENIMS 30% NON-DENIMS Product depth of Pepe jeans is biased towards jeans Levi’s 7% TOPS 29% T-SHIRTS DRESSES 40% SKIRTS DENIMS NON-DENIMS 24% Product depth of Levi’s is biased towards jeans 34 ONLY 6% TOPS 18% T-SHIRTS 46% DRESSES 2% SKIRTS DENIMS 18% NON-DENIMS 10% Product depth of ONLY is biased towards tops UCB 3% TOPS 19% T-SHIRTS 46% 2% DRESSES 6% SKIRTS DENIMS NON-DENIMS 24% Product depth of UCB is biased towards tops 35 Jealous 21 5 36 TOPS T-SHIRTS 49 DRESSES SKIRTS DENIMS 13 NON-DENIMS 23 2 Product depth of Jealous 21 is biased towards jeans Lee 2% 21% TOPS T-SHIRTS 35% DRESSES 16% SKIRTS DENIMS NON-DENIMS 26% Product depth of Lee is biased towards jeans 36 6.6 Evaluations of graphical representations: 6.6.1 Preferred denim brand Indian female denim patrons prefer Levi’s the most for their denim needs, followed by Pepe Jeans 6.6.2 Attractive attribute of the preferred brand The fit of the products available at their preferred brand attracts them the most 37 6.6.3 Most preferred fit for jeans Slim fit jeans is the most preferred fit, followed by skinny. Pepe jeans only has slim fit jeans for women therefore their jeans are liked by consumers 6.6.5 Preference of brand for categories other than jeans Although Levi’s is primarily a denim brand, consumers seem to prefer it for other product categories as well among the other mentioned brands 38 6.6.5 Aspects considered when buying a pair of jeans Fit is the most important aspect considered in purchase of a denim, followed by style of the jeans 6.6.6 Importance of graphics of logos on a product Brand logos on products are least liked by female consumers. Pepe Jeans makes t-shirts and tops with graphics and logos on them, consumers prefer to avoid purchasing them 39 6.6.7 Preference for type of jeans Although new types of washes, colors and fabrics are now available in jeans, consumers still prefer buying the classic indigo blue jeans 6.6.8 Acceptable price range for purchasing a pair jeans 2000 to 2999 is the most acceptable price range for purchasing a pair of jeans. Since Pepe Jeans has this price point for most of their jeans category, it is in the right direction in this area 40 6.6.9 Most preferred product category from Pepe Jeans Jeans are the most preferred product category that consumers prefer to purchase from Pepe Jeans 6.6.10 Most favorite aspect of the brand The fits available at Pepe jeans is the best aspect of the brand according to consumers 41 6.6.11 Affordability of the brand Majority of the consumers believe Pepe Jeans Products are affordable 6.6.12 Other denim brands Apart from Pepe Jeans, Consumers like to purchase from Levi’s, followed by ONLY 42 6.6.13 Competition Consumers feel that Pepe Jeans products are not at par with the competitors 6.6.14 Brand identity The brand identity of Pepe Jeans is perceived to be a casual wear brand 43 6.6.15 Occupation Pepe Jeans is a very popular brand among students compared to working population 6.6.16 Annual Income Most of the Pepe Jeans consumers appear to belong to the upper middle class with annual family income of 12-24 lakh 6.6.16 Gender This was a complete female consumer survey 44 CHAPTER 8 8. Indicative merchandise plan: CATEGORY KNITS STYLES TOPS INDICATIVE PEPE PLAN FOR PEPE JEANS SLEEVELESS TOPS PRINTED 3 SOLIDS 3 CHECKS 1 2 PRINTED 2 SOLIDS 1 2 PRINTED 3 SOLIDS 2 STRIPER 3 2 3 PRINTED 15 SOLIDS 3 22 3 SLEEVLESS T SHIRTS HALF SLEEVE TOPS HALF SLEEVE SHIRTS T- FULL SLEEVE TOPS PRINTED 2 SOLIDS 2 BOTTOMS FULL LENGTH PRINTED 1 SOLIDS SHORTS PRINTED SOLIDS 2 DRESSES PRINTED SOLIDS WOVENS 1 1 1 2 3 4 1 1 1 3 DRESSES STRUCTURED STRIPER PRINTED SOLIDS CHECKS 45 FLOWY PRINTED 3 SOLIDS 2 1 1 PRINTED SOLIDS 1 SKIRTS PENCIL A-LINE PRINTED 1 SOLIDS 2 SHIRTS PRINTED SOLIDS CHECKS STRIPER 5 7 7 2 3 2 1 PRINTED 3 SOLIDS 3 3 7 TOPS FULL SLEEVE HALF SLEEVE PRINTED 4 SOLIDS 5 JUMPSUITS DENIMS PRINTED SOLIDS 1 2 DISTRESSED NON- DISTRESSED 4 9 DISTRESSED NON- DISTRESSED 2 14 DISTRESSED NON- DISTRESSED 3 7 DISTRESSED NON- DISTRESSED 2 1 SKINNY SLIM 2 14 STRAIGHT BOOTCUT BOYFRIEND DISTRESSED NON- DISTRESSED JEGGINGS LEGGINGS 46 2 1 9 1 9 1 DUNGREE SHORTS 1 DISTRESSED NON- DISTRESSED 2 CAPRI NON DENIMS JACKETS TOTAL 3 2 162 2 90 8.1 Explanation of the Indicative merchandise plan Top wear category of Pepe jeans is heavily biased towards t-shirts with graphics or logos on them. To balance it out with other categories, the number of options for t-shirts were reduced At least 1 or 2 options for non denim bottoms have been introduced Wovens work very well for Spring therefore the number of options for the same has been increased Pepe Jeans only makes mid rise and low rise slim fit jeans which does not give a lot of options for customers to choose from. Therefore, other fits such as skinny and staright has been introduced Other product styles such as non denim jackets suitable for spring, dungarees and shorts have been introduced 47 CHAPTER 9 9. Conclusion: Pepe Jeans needs a balance approach in terms of division of product categories between its jeans and rest of the categories For categories other than jeans, female consumers choose other brands over Pepe Jeans therefore, it is imperative that the brand needs a different outlook for the women’s wear product categories Apart from the discrepancies, the quality of Pepe Jeans products is accepted and liked by consumers 48 CHAPTER 10 10. References: http://agoa.info/news/article/5537-the-global-market-for-denim-challenges-andopportunities.html (accessed on 2/3/16) http://archive.financialexpress.com/news/indian-denim-industry-it-s-all-in-thejeans/1249449 (Accessed on 8/3/16) http://www.makeinindia.com/sector/textiles-and-garments (accessed on 29/04/16) http://www.researchandmarkets.com/research/5lwr8x/indian_denim http://www.slideshare.net/amit7890us/jeans2-41101656 www.pinterest.com 49 CHAPTER 11 11. Appendix: Questionnaire 50 51 52 Merchandise plan of Pepe jeans and other denim brands PEPE JEANS CATEGORY STYLES KNITS TOPS JEALOUS LEVI'S ONLY UCB 21 LEE SLEEVELESS TOPS SLEEVLESS SHIRTS PRINTED 1 SOLIDS 2 CHECKS 3 4 1 3 5 7 2 1 3 2 1 PRINTED 2 SOLIDS 1 4 5 2 1 2 1 PRINTED 2 SOLIDS 3 STRIPER 8 6 5 4 8 6 3 1 1 3 2 10 1 10 11 10 12 4 5 7 5 6 2 3 1 1 T HALF SLEEVE TOPS HALF SLEEVE T-SHIRTS PRINTED 22 SOLIDS 3 22 4 FULL SLEEVE TOPS PRINTED SOLIDS BOTTOMS FULL LENGTH PRINTED SOLIDS 2 SHORTS PRINTED SOLIDS 2 1 1 1 1 2 3 2 1 2 2 3 2 2 3 DRESSES PRINTED SOLIDS WOVENS 1 DRESSES STRUCTURED STRIPER 1 PRINTED 1 SOLIDS 3 53 CHECKS 1 PRINTED 1 SOLIDS 1 1 1 1 FLOWY 1 2 1 2 2 1 2 4 SKIRTS PENCIL PRINTED SOLIDS 1 A-LINE PRINTED SOLIDS 1 1 1 SHIRTS PRINTED SOLIDS CHECKS STRIPER 3 2 1 3 5 4 1 5 2 2 11 7 2 1 2 3 2 1 2 3 2 1 PRINTED 3 SOLIDS 7 2 3 2 1 2 2 1 2 1 PRINTED SOLIDS 8 7 2 2 1 3 1 2 TOPS FULL SLEEVE HALF SLEEVE JUMPSUITS PRINTED SOLIDS DENIMS 1 1 2 2 SKINNY DISTRESSED NONDISTRESSED 4 12 16 4 7 18 6 6 9 13 11 SLIM DISTRESSED NONDISTRESSED 2 - 14 8 5 STARIGHT DISTRESSED NONDISTRESSED 2 8 2 8 3 BOOTCUT DISTRESSED NON- 2 54 DISTRESSED BOYFRIEND DISTRESSED NONDISTRESSED JEGGINGS LEGGINGS DUNGREE SHORTS 1 1 2 9 1 DISTRESSED NONDISTRESSED 4 4 1 7 2 5 7 1 CAPRI NON DENIM BOTTOMS JACKETS 2 TOTAL 90 55 5 109 5 1 104 123 2 118 104