Customer Based Brand Equity
Customer Based Brand Equity
Customer Based Brand Equity
1) Brand Salience :
A) Brand awareness: It refers to customers ‘ability to recall and recognize
the brand under different condition and to link the brand name logo
symbol and so forth. For MNG –
URL : www.mango.com . the URL is nice and colorful, have some nice
graphic, relevant information. But que me pongo by mango- this link is
really annoying. Visitors can go back in the same web page. They have to
open a new window again.
Logo:
Jingle : Have several nice and mind blowing jingles which is available
on www.irishmusic .com.
They have minimized the size of the labels, to just the size that
allows them to be read correct. It is worth noting that all internal
shipments are made using reused boxes.
It is also worth pointing out that all the boxes used are made with 100%
recycled material.
To facilitate recycling, all these als are paper-based, eliminating any
metallic elements (staples, etc.)
Finally, our organization adheres to the waste and packaging
management systems established in the different countries in which we
operate (green point systems and others)
Accessories Clothing
c) Strategic implication:
This means that the brand must not only be on the top of the mind but it must also
do so at the right time and places. That’s why it has the stores almost all the major
cities in the world which is also its purpose to be in all major cities in the world.
Some stores r open from 8 am to mid night. The stores opening and closing depends
on the timing of that market and country also. These stores are situated in major
shopping complex of major cities. Such as , in Thailand , it is in Siam Paragon
shopping mall in Bangkok.
Mango opened its first store in 1984, in Barcelona. The company now has some 600
stores in Europe, about 250 of those in Spain. The chain is the second-largest
exporter in the Spanish textile sector, behind Zara's parent, Inditex. Last year
Mango posted about $1.65 billion in sales, up nearly 10 percent from 2005. The
chain generates roughly 75 percent of its sales outside Spain. On average, it opens
about 150 stores per year. Unlike H&M and Zara, Mango is privately held.
Stores in US:
Mango's U.S. stores will range from 4,000 to 8,000 square feet (5,000 square feet
on average). In Europe Mango stores measure between 8,000 and 10,000 square
feet, with some being as large as 20,000 square feet. Gomez says the decision to
locate primarily in malls rather than street-front locations is the main reason for the
size discrepancy. "Most of our locations in Europe are larger street-front stores," he
said. "We are targeting some street-front locations in the U.S., but America has
more of a mall-based shopping culture, so that's where we need to be."
Mango has a mix of franchised and corporately owned stores. The chain says it is
aiming for a ratio of 70 percent franchised and 30 percent company-owned stores in
most markets. Currently, seven of Mango's 12 U.S. stores are franchises. Franchising
is one way for a private company with limited capital to expand, Davidowitz says.
The downside is that this can lead to inconsistency and quality-control problems
that can damage the brand. Mango says it can mitigate that risk by maintaining
some company-owned stores. "The corporately owned stores give us a direct
connection to the market, and we can see firsthand what's going on and what
problems we're encountering," Gomez said.
2) Brand performance:
A) service effectiveness :Mango shops make that clothes according to
size provided by customers.
B) Service efficiency : When the customers choose the size, style and
colour, the shop made it at once for them.
C) Service empathy : they are caring for customers who wants to buy
their product but not for others who are looking for some information.
For online orders they put many information in the website
www.mangoshop.comwhere people can set their order. This website answers
almost every question that comes to customers’ mind when they want to
purchase online.
Service in Stores
Customer service is provided in the stores directly through their specially trained
personnel. This training (theoretical practical) is focused on the areas of customer
service policy, the offer, merchandising, trends, the company’s philosophy etc.
The training is always adapted to the employee’s role.
They are very aware of the fact that store personnel have to face the daily
challenge of offering an excellent service.
The source of these enquiries varied: direct from customers, from stores, form
head offi ce staff, etc. The main themes were as follows:
In addition, numerous calls were received from students: 377 in the year
2006, requesting information about Mango for research projects. Mainly these
were design, marketing, advertising, economic science and business students.
Materials :
Manufacturers’ raw materials
In 100% of cases the garment or accessory was withdrawn from the collection
and no longer sold. In cases where manufacturers provide Oeko-Tex certification
for certain garments or accessories, the analysis described for this type of
production is not carried out according to the information below:
Unlike the previous system, since our organization acquires the raw
material directly, we ask our suppliers for Oeko-Tex certification for all textiles.
Said certification is issued laboratories in each country authorized by the Swiss
organization Oeko-Tex. Once said certification has been obtained, we send the
raw materials to suppliers for manufacture.
It is worth noting that Oeko-Tex involves a much more extensive control
than the one envisaged in the legislation of the various countries, since
monitoring is carried out on a greater number of substances identified by this
organization and because of the application of lower tolerance limits than those
envisaged in the legislation in certain substances.
It should also be pointed out that Oeko-Tex is the most prestigious and
demanding international reference in the research, identification, evaluation of
tolerances and control of hazardous substances in textiles (further information is
available at www.oeko-tex.org).
No incident has been detected in 2006 with this system since we do
not accept any raw material without this certificate.
The stores are set to open in major metropolitan areas, where Mango's
style is likely to be well received, says Jose Gomez, vice president of
international business development. Mango targets women 18 to 35, and both
its casual and its dressy lines range in price from $20 to $250. "Our style is for
the young urban woman who knows the latest trends and with little direction can
create her own look," Gomez said. "Our collections are coordinated, so we can
dress a woman from 8 a.m. to midnight." "Fast fashion has revolutionized
American apparel retailing," said Howard Davidowitz, chairman of Davidowitz &
Associates, a New York City-based retail consulting and investment banking firm.
"Speed is the heart and soul of the apparel chain business, because who has
something first matters a lot in fashion. Consumers want the newest thing, and
they want it now.
Mango says it can move items from the design stage to the stores in
three to six weeks, depending on the complexity of the merchandise, which is
considerably swifter than the industry average of nine months. But please don't
call it fast fashion, pleads Gomez. "It reminds me of fast food, and that has
negative connotations," he said. "I call what we do 'speed to market.' We have
fresh products in our stores every week. And we're not just delivering one piece
here, another there - we're actually creating whole new styles on a regular
basis."
3) Brand Imagery:
Brand imagery is the way people think about a brand abstractly in
other way how this brand meets customers psychological and social needs.4
main factors :
b) Purchase or usage situation: Under what condition they can and should
buy the product.
Since its early days, MANGO has worked with top models. They have
been the brand’s image in each season and some became highly identified with
MANGO in Spain, as was the case with Claudia Schiffer, who featured in all the
campaigns from 1992 to 1995.
The 90s were the years of the supermodels and MANGO featured many of them on
the covers of its catalogues. Naomi Campbell, Christy Turlington and Eva Herzigova
posed for the top photographers and flooded the city streets thanks to MANGO’s
campaigns.
4) Brand judgment:
Brand judgments are customer’s personal opinion about
and evaluation of the brand which consumer form by putting together all the
different brand performance and imagery associations. 4 types are
particularly important:
5)Brand feeling:
Brand feeling is customer’s emotional response and reaction to
the brand.
Misty Says:
October 20th, 2006 at 7:21 pm
I voted Mango because not only they have branches in big cities of
Philippines but they do have also a lot of branches in different cities of
Europe! which definitely means very accessible shops! Guess how many
shops they have in Germany? All cities you can imagine! (not less-than 20!)
Unfortunately Zara has atleast 3 shops i am aware of (in the whole of
Germany though). I go ga-ga over their sale season as the prices go lower
than the prices in manila! I guess the 50k (Euro 800) GC from the genie will
get a long way here.
So, here we can see different people have different brand feelings. Some feel
positively some feel negative. It depends on the perception, condition, selling
items and attributing as well.
6) Brand resonance:
It describes the nature of relationship and the
extent to which customers feel that they are “in sync” with the brand.
a) Brand loyalty:
lala abes Says:
October 22nd, 2006 at 9:07 pm
I’d still go for MANGO!!!! MANGO!!!
Comfort. Style. Fit.
I always get noticed when I’m in my best MNG wear.
I think some clothes in Zara are for the professionals, simply working people.
Not so alluring and appealing. Although, I love the clothes in their kid’s
section. Fits my niece.
As for TOopshop, I just like their short skirts. But the tops are quite for big-
sized women.
One can never go wrong with MNG– whether its just a simple plain shirt.
b) Brand attachment:
Paolo Says:
October 22nd, 2006 at 9:20 pm
So, here we can see different people have different brand feelings. Some
feel positively some feel negative. It depends on the perception, condition, selling
items and attributin as well.