Texte Ralph Lauren .pdf

Nom original: Texte Ralph Lauren.pdf
Titre: Texte Ralph Lauren

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Hello everybody, our group will show you how Ralph Lauren is currently
working in terms of marketing and strategies. As you may know, Ralph
Lauren is the name of the founder of the company. I will detail the general
overview of the company and Florent will explain how the different tools
used in marketing work in order to analyse this company.
Let’s talk a bit about the company itself. Founded in 1967 by Ralph Lauren
(here is a picture of him), the objective is to sell quality clothes all around
the world. It could be either luxury clothes or casual clothes. Both of them
are very expensive and that explains the quality of the product. However,
half of the Ralph Lauren shop are considered as outlet stores. That means
that prices are decreasing a lot on old collections so that the company can
have more sales. That strategy is «  destroying  » the turnover year after
year. Market shares are decreasing too. We can also notice that the
competitors are getting stronger (Tommy Hilfiger, Gant…) and most of them
are following the trends when Ralph Lauren still continue to focus on
classic clothes and not to take risks.
A new CEO, the ex CEO from H&M, was hired a few years ago for
organizing a new financial strategy for helping the company to survive. It’s
called « Way Forward ». Inside this strategy, you can find that many shops
will close and that this new CEO wants to economize 200 millions $. That’s
ambitious. Now, let’s see with Florent how the company is running
currently using different tools we learned in class.
Now let’s talk about a very useful tool called the SWOT. It distinguishes the
strengths, the weaknesses, the opportunities and the threats of a
company. (Explication du SWOT point par point au tableau)
Then, let’s talk about the Boston Matrix. It helps to analyse the products of
a company by comparing the market shares and the market growth. Here
are the principal brands of Ralph Lauren. Each brand has its own vision and
strategy. (Explication Boston Matrix point par point au tableau)
Now, we can see that Ralph Lauren needed to reinvent itself in order to
survive and fight against all the competitors. Thank you all for listening.

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