Nicholas Corti Young Oh Christine Son Michael Sullivan
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Transcript of Nicholas Corti Young Oh Christine Son Michael Sullivan
Nicholas CortiYoung OhChristine SonMichael Sullivan
Professor Provost BUSN 1115
September 23, 2012
PROMOTIONS
Product Description•Coming up with promotional
projects to advertise TJX companies
•Widening customer base of TJX companies
•Ads on the web/media •Reporting •Present them to market
Why Us? •We’re small, smart, and
efficient•Innovative Ideas•Fresh advertising•We are direct in
targeting our target market for TJX
Market Analysis
•Projects focused on college students.•Price and fashion conscious students.•Dorm shopping is a 50 billion dollar
industry.•Huge market potential to tap into.•Estimated 250,000 students just in the
greater Boston area.
SWOT Analysi
s
Emerging company
Face large competition with other established marketing companies
Detailed innovative ideas
Small and flexible
Analyzing consumer preferences in the market
Online/social advertising has huge potential, ever-growing.
Opportunity to attract to TJX companies many more customers
Without funding, will never be able to expand
Social Media Bubble -not very secure
Competition
•For our first year, two main competitors.•Bed Bath and Beyond - $9.4 billion dollar
revenue in 2011.•One of the main retailers for dorm goods
in the United States.•Target - $70 billion dollar revenue in
2012.• Difficult to settle into the market as there
is constant competition.
Financial overview•The main cost incurred will come from
the partner’s salaries•General advertising: Social Media
promotions•Outsourcing for our advertising
▫Printing Banners, Flyers...▫T-shirts▫Miscellaneous supplies
•Cost of the two main projects, Treasure Hunt and Marshall’s U ▫Buses for transportation for Marshall’s U▫Locations for the treasure hunt
Total Cash Expenses 132850 153200 178000 462800
Total Revenue Adops 17150 25800 32000 76200
Year 1 Year 2 Year 3 Total
General annual advertisement 30000 35000 40000 105000TJX Budget for Marshalls U project 25000 27000 30000 82000TJX Budget for Treasure hunt project 15000 17000 20000 52000Four manager salaries 80000 100000 120000 300000
Financials in Brief
Progress• Year 1
▫ Marshalls U ▫ Urban Treasure Hunt▫ General Advertising: Web Promotions
(Twitter, Facebook, etc.) • Year 2
▫ Marshalls U (expanded)▫ Urban Treasure Hunt (expanded)▫ General Advertising: Web Promotions
(Twitter, Facebook, etc.)
Year 3▫ Marshalls U (expanded)▫ Urban Treasure Hunt (expanded)▫ General Advertising: Web Promotions
(Twitter, Facebook, etc.)
Sample Project I: Urban Treasure Hunt
Project: Treasure Hunt
•Treasure Hunt around Boston showcasing key features and qualities of TJX companies
•The treasure hunt will reiterate TJX’s treasure hunt experience in their stores
•Will specifically advertise select products from Marshalls and Home goods that best illustrate their product lines
Project : Treasure Hunt
•Targeted towards the many universities around Boston
• Many teams from different universities will compete to win the race
•With the goal of extending TJX’s customer base to College Students
Brief Overview
•Will be highly publicized in the media•Will be annual event•Many incentives throughout the race, gift
cards, free products…•Will start only in Boston to see it’s result•Will put the TJX companies in the
spotlight of the City•Special Events
Target Market
Project II: Marshall’s U•Marshall’s College Night
Out•Transportation provided
from major Boston College to the nearest Marshall’s
•Free food•A DJ•Raffles for promotional
gift cards•Happens once a year
during the fall semester
Marshall’s U Aims to:•Add the collegiate demographic to the TJX
market•Compete with Target•Make Marshall’s known as the go-to store
for dorm goods•Advertise the off-price retailing Marshall’s
is known for
Marshall’s U Evidence:
•There are about 250,000 college students in Boston
•On average people spend 900-1000 dollars on dorm shopping for college
•Transportation is difficult for college students so it being provided is an incentive
•Marshall’s off-price retailing is ideal for a college student’s budget
Human Resources
“We were able to seize the day,’’ - TJX Chief Executive Carol M.
Meyrowitz -
http://northeasternpromotions.weebly.com/