Assessing Marketing Environment Report Assignment

Assessing Marketing Environment Report  Assignment Words: 817

By offering quality items in competitive price throughout the market, Sass serves reasonable priced products for teenagers, young adults to luxuries brand for business woman, demanding user. Sass online shop (www. Sass. Com) serves customer whom enjoy the convenience of shopping online. They attract customers to try their products.

Position in market Sass is the leading cosmetics retailing and beauty care service group in Asia. They provide one-stop cosmetics specialty store and offer a broad product range with a full price spectrum. As As Official Website : 1) Political Forces : Government Regulations – Individual Visit Scheme implemented in 2003 Tourists boost Beauty and Personal Care retail industry The tourist sector is a force because strong influxes of Mainland Chinese tourists continue to pour into Hong Kong, especially since the individual visit scheme was implemented in 2003.

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This group of visitors helps drive strong sales in beauty and personal care retail channels. The increasing number of tourists from mainland China boosted the industry performance, especially in skin care, to a great extent. High quality assurance is the major selling point of Hong Gong’s beauty and personal care products. Tourists from mainland China trust the beauty and personal care products sold in stores in Hong Kong. 2) Economic Factors – Strong economic performance The robust economy managed to squeeze GAP growth of 5% in 2011, continuing the steady momentum of economic upturn.

Hong Songs retailing industry (including cosmetic retailing) was one of the main contributors with double-digit growth in current value terms. Inflation Beauty and personal care recorded strong growth in value sales in 2011. Growth was faster than 2010 mainly because high inflation led to an increase in unit prices, while the recovery of the economy stimulated spending by local consumers and tourists. Currency : Exchange rate of ARM to HECK Tourists from mainland China benefited from the exchange rate of ARM to HECK and buy more in Hong Kong.

Low Unemployment Rate The steady economic growth provided healthy Job opportunities and reduced the unemployment rate. As a result, a rise in income fuelled domestic consumption in the city. As As is benefited by the economic growth. 3) Social-cultural : Growing interest in socially responsible products As As do not focus on socially responsible products. However, other brand competitors such as “The Body Shop International Pl” is a global manufacturer and retailer of naturally inspired, ethically produced beauty and cosmetics products which is the trend. ) Technological : Internet Retailing Internet retailing is developing fast, recording double-digit growth rates. Online sales are expected to continue to grow. The high growth rates registered by internet retailing are due to the high penetration and rapid development of internet and e- commerce in domestic and foreign markets. As Sac’s online shopping services Law In addition to the minimum wage enacted in May 2011 and renewed in May 2013, Hong Kong was characterized by a low unemployment rate and high consumer confidence.

These factors caused people in Hong Kong who have a higher income Penn more for personal satisfaction. As as SOOT analysts 1) STRENGTHS : Prime Locations : Most of the As As stores are located in the shopping districts attracts the tourists from mainland China Long-term partnership with suppliers : With 35 years of experience in cosmetics, As Sac’s well-established network and relationship with suppliers, often buying in large quantities given them strong bargaining power, so they can offer competitive prices to customers.

Own global sourcing and purchasing team : With their own global sourcing and purchasing team, the group manages to have exclusive brands and private labels, it increases the brand selections and add more exclusivity for the group. “One Stop Cosmetic Specialty Store” Concept : As As prospers on its successful and proven “one-stop cosmetics specialty store” concept, offering customers with a wide range of quality products. Good Employee Training : As As considers employee training as crucial to the continued success of their operations and business expansion.

Training is focused on product knowledge and service skills and in turn providing the best customer service possible. 2) WEAKNESSES : reduces. Other brand competitor such as “The Body Shop International Pl” is a global manufacturer and retailer of naturally inspired, ethically produced beauty and cosmetics products which is the trend and became popular. 3) Government Regulations – Individual Visit Scheme implemented in 2003 Since the individual visit scheme was implemented in 2003, this group of visitors helps drive strong sales in beauty and personal care retail channels.

Tourists from mainland China trust the beauty and personal care products sold in stores in Hong Kong. Government Policy favors Tourism Industry Hong Kong government policy favors tourism industry and thus attracts more visitors by establishing more scenic spots such as Hong Kong Disneyland and Among Ping 360 cable car. Opportunities in Mainland China China market is an undeniable potential market whilst Hong Kong market is still attractive under Government’s favorable tourism policy. Technology : E-commerce.

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