JOHNSON & SCHOLES

Suitability

Is the &OS Bridalwear range a suitable strategic choice?

  • The key aspects of combining quality products at an affordable price complement the current market trend for affordable bridalwear.
  • GRACE’s strategy of combining classic trends, modern twists with a hint to feminity appeal to the target market and provide a stable aesthetic in terms of longevity, due to classic trends remaining a popular wedding style. (Hitched, 2014).
  • Distinctly feminine, minimal and emotive brand ideologies influence a high-end and elegant range, and promotes a strong brand image amongst its new and current competitors.

Feasibility

Does &OS have the resources to pursue the new range?

  • The global expansion of the parent company (H&M Group) and rising profit of 35% in 2015 (Fashionista, 2015), show the H&M Group are currently in a profitable situation which advocates sufficient financial aid to proceed with the investment into GRACE.
  • GRACE will utilise the current facilities operated by the H&M group to design, manufacture and process the product mix to allow simplification of introducing the new range. Considerations must be given to any specialist work such as intricate beading/luxury fabrics which may be advisable to outsource.
  • The pop-up implementation requires a small resource of store staff; 6-8 associates to lead and set-up the store will be sufficient. Staff sourcing can be pulled internally and externally which allows flexibility and enables feasibility.

 

Acceptability

What are the financial and stakeholder aspects to the expansion?

  • A seasonal pop-up sales strategy enables GRACE to operate in the most profitable months, limiting losses in: employment costs, rent, overheads, etc.
  • Introducing GRACE through pop-ups allows the brand to a trial period before any full commitment to any permanent brick and mortar stores. The strategy is realtively risk-free, without high investment costs, the brand is able to reduce risk of failure and limiting wasted expenditure.
  • Using current manufacturing plants to create the new products and outsourcing more specific processes is a cautious and safeguarded approach to implementing the new range without requiring significant financial input.

 

References

Drapers. (2017). & Other Stories to open in Banana Republic’s Covent Garden store. (Online). Available at: https://www.drapersonline.com/news/-other-stories-to-open-in-banana-republics-covent-garden-store/7018589.article?blocktitle=Latest-News&contentID=15719 (Accessed: 16 February 2017).

Edwards, J. (2017). High street brands that sell wedding dresses. (Online). Available at: http://www.cosmopolitan.co.uk/fashion/style/g4924/high-street-brands-that-sell-wedding-dresses/ (Accessed: 16 February 2017).

Fashionista. (2015). COS and & Other Stories are picking up the pace on store expansion. (Online). Available at: http://fashionista.com/2015/03/cos-other-stories-store-openings (Accessed: 16 February 2017).

Financial Times. (2016). RBC highlights UK retail threats after Brexit vote. (Online). Available at: https://www.ft.com/content/6c84cfdb-70a9-32c3-8c18-9fb8bd77098e (Accessed: 10 February 2017).

Global Industry Analysts. (2015). MCP-1033: Bridal wear – a global strategic business report. (Online). Available at: http://www.strategyr.com/pressMCP-1033.asp. (Accessed 10 February 2017).

IBIS World. (2012). Bridal stores in the UK: Market research. (Online). Available at: https://www.ibisworld.co.uk/market-research/bridal-stores.html (Accessed: 9 February 2017).

Wu, T. (2010). Strategic choice – Johnson and Scholes suitability, feasibility and acceptability model. (Online). Available at: http://www.tolobranca.nl/wp-content/uploads/2015/08/SFA-Matrix-learning_strategic_choice.pdf (Accessed: 16 February 2017).

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