Comparative Analysis in Retail Marketing
Choose two retailers in the same product sector and compare and contrast their approach to retail marketing. You should choose two retailers that have a different market position and target consumer. Your report should address the following questions:
⢠Briefly summarise the value proposition that each of the two retailers are offering to their specific target consumers.
⢠Critically compare and contrast how the two retailers design their stores â in terms of layout, atmospherics and merchandising â in order to engage with consumers. Provide diagrams and photographic images to support points made.
⢠Critically compare and contrast how these retailers use TWO of the following additional marketing elements to appeal to and convert target consumer - location, pricing, added value services, and/or marketing communications.
Part 2
Critically compare and contrast how the two retailers design their stores â in terms of layout, atmospherics and merchandising â in order to engage with consumers.
⢠Refer to the SOR Model to help structure your review
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⢠Provide diagrams and photographic images to support points made.
Part 3
Critically compare and contrast how these retailers use TWO of the following additional marketing elements to appeal to and convert target consumer:
⢠Location
⢠Pricing
⢠Added Value Services
⢠Marketing Communications