Views: 307 Author: Abely Publish Time: 01-01-2024 Origin: Site
Yoga clothing retailers develop their own brands, some people say that this is an effective way to increase gross profit margins, which can often reach more than 20%. Some people say that this is a good way for yoga clothing retailers to achieve product differentiation.
There is a saying that it is to attract consumers and provide more cost-effective products... Judging from the purpose of yoga clothing retailers to develop their own brands, there are mainly the following reasons:
The improvement of the image of the store and customer loyalty by the self-owned brand of yoga clothing has become a hot spot that many yoga clothing retail companies pay attention to first.
Having its own brand or being able to develop its own brand is considered to be a retailer's business strength.Therefore, yoga clothing retailers have high expectations for their own brands and customer image, and also want to use their own brands to form positioning differences.
The hopes placed by yoga clothing merchants include:
1. own brand can strengthen the image of the store, owning own brand may be seen as equal to or higher than manufacturing brand;
2. with own brand, can build trust with customers Relationships, private brands can control the relationship with consumers, build loyalty to stores and private brands in the minds of consumers, even in the case of temporary shortages, there will be no loss of customers;
3. Private label yoga clothing can establish a distinctive company image, and as private label yoga clothing are sold, the retailer's name is also brought into consumers' homes and integrated into consumers' daily spending habits;
4. can better meet the multi-faceted needs of consumers and obtain a better design union between the store and the product. Helps to establish the competitive advantage of yoga clothing retailers and gain competitive differences.
1. Yoga clothing retailers can have more control and management authority over the specifications, packaging and product quality of yoga clothing, and can control the composition of the product range more; the promotion of this way will help the sales of yoga clothing.
2. It can fill the gap of yoga clothing category, because retail stores are the forefront of yoga clothing sales, and its own brand allows retailers to have more selectivity and initiative in the development of yoga clothing, and can develop and design according to their own needs. , tailor-made yoga clothing suitable for their target customer groups, and then meet the special needs of the store, if necessary, you can also improve some product categories in your store.
3. Differentiation of own brand yoga clothes , because the self-owned brand yoga clothing can only be sold in the store of this brand, and this kind of product cannot be purchased in other places, which also shapes the differentiated positioning of the store, which is different from ordinary retail stores; provides more Price changes. Yoga clothing retail enterprises have more rights to price goods through the development of their own brands, which can attract more customers,get more profit.
4. The intervention of own brand can effectively reduce the repetition of yoga clothes. At the same time, due to the emergence of self-owned brand yoga clothes developed by retailers, it will break the monopoly of manufacturers in certain categories, making retail enterprises in a leading position in the negotiation of product introduction and operation.
More and more yoga clothing retailers are also realizing that private-label yoga clothing and manufacturer-branded merchandise can actually achieve win-win and mutually beneficial goals.
For example, supermarkets now sell both high-quality manufacturer-branded products and private-label products. Yoga clothing retail stores can consider placing their own brand yoga clothing in a prominent position to attract consumers' attention.