thanks
shao
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The
world of retail is a massive area, in 1955, Ray Kroc too over a small chain of
food franchises to build in today’s well-known fast food franchise in the
world. For example: McDonald’s. McDonald has the most franchise units worldwide
in any franchise system. Today, franchise as a business model worked successful
for their entrepreneurs.LOFT as
a clothing retailer, which people want and a latent demand exists in outside
the US. To land the brand LOFT in the UK market, we suggest that franchise could
be a good choice.
The franchiser would make a closer communication and relationship between the
brand company and the consumer. Further more, there are some main benefits
below.
The
corporate image is the key role in the company, when the corporate image and
brand awareness are already established, In conventional, people would
customary to choose the one they are always felt more comfortable to take some
of items from a familiar name or company they trust in their mind. From the
other point of view, the franchise could be a part of strategies to support the
company. The company could do the retail sale marketing strategy depending on
local sales of state. They could control the distribution on the different situation.
Saving in time could be one the benifit of the franchise. The brand LOFT is a clothing brand who just
existing in the US. Thus, the target audience must be focus on the country
only. According to the marketing survey, the majority of people interested in
the high street brand, and they often are purchasing lots of stuff from high
street. Some of them knew the brand Ann Inc. but most of them have give up to buy
it because of it is far away from them. The others would buy items by online,
however, the time for the shipping would have to take for a while, and they
could impatient. The other draw back is about the cost. People brought some
stuff through American website must be pay the tax fee and have to care about
the exchange rate. Which means the product in American always as same price,
but people who have not in the US have to pay different price in every day. Therefore, as far as we are concerned that the
Franchise is the better way to land the brand LOFT into the UK market.