Professional Documents
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The learning outcome of this report is to understand clearly the basic marketing mix and
its usage in practical scenario. In strategic marketing we focus on segmenting one or more
segments to serve differentiate a value proposition and there after we position that value
proposition in the mind of target market. The purpose of tactical marketing mix is to
deliver that positioning to the target market and create trial in the case of new products
and demand in the case of products or services. The tool that drive a tactical marketing
programmes are referred to as the marketing mix.
To bring out my assignment regarding extended marketing mix I have selected the
Company called TRIUMPH SRILANKA. We have collected the information about their
basic business environment and its marketing environment.
Throughout this report we are trying to present that how this company practice marketing
concepts while they are executing their business programmes. Since this is world
recognize company, studying of its Marketing tactics and marketing strategies will leads
to better understanding of practical usage of marketing theories.
2. HISTORY OF TRIUMPH
The corsetiere Johann Gottfried Spiesshofer and the merchant Michael Braun found the
corsetry firm Spiesshofer & Braun, with six sewing machines and six employees. They
began corsetry production in a barn in Heubach (southern Germany). Within a few years
the firm expanded to 150 employees. The business was known as Heubacher
Miederproduzent in the early days.
In 1948, the company reinitiated its dynamic development and from 1953 began trading
under the name Triumph International. From 1954 to 1959 Triumph expanded
throughout Europe, opening branches in Belgium, the UK, Sweden, Italy, Finland,
Norway, Denmark, Austria and the Netherlands.
In 1948, Corsets made a comeback, with Triumph International setting the pace and
becoming the market leader. At the same time, Triumph introduced a bra strap
manufactured with stretch yarns. 1956 marked the beginning of the long-lasting
collaboration with the renowned German couturier Heinz Oestergaard. Triumph
International
established
fashion
shows
in
which
for
the
first time the models wore no flashings under the corsetry. In 1959, the Berlin Hilton was
the location for the largest lingerie fashion show held to date.
The company Triumph International started out as a small-scale venture manufacturing
corsets in a barn is today one of the worlds leading lingerie businesses. And still it is in
the hands of the founding families, Spiesshofer and Braun. And it is the worlds number 1
intimate apparel company, which produces and markets bras, briefs, girdles, lingerie and
swim wear. Triumph operates in more than 125 countries with an overall turnover of
Euros 1.6 billion and has a workforce of 42,881 employees.
3 TRIUMPH SRILANKA
Triumph international Lanka (Pvt) Ltd, is a fully owned subsidiary of Triumph
International. The headquarters of the company is situated in Switzerland and Triumph
Sri Lanka operations commenced in 1994 and launched its first sales channel in 1995 at
the Majestic City. Based on the success at majestic City the concept was extended to a
multi-channel distribution strategy in order to effectively reach a wider group of
customers. The three main shopping malls Crescat Boulevard, Liberty Plaza and Majestic
City have an exclusive lingerie boutique and there are counters in all key locations such
as Odel, Nolimit, Beverly Street, Fashion Bug & fashion retailers island wide.
There is a dedicated sales counter at the head office to serve the dealers from the network
marketing channel, the retailers and any customers who walks in for purchases.
In 1995, July the Direct sales operation was commenced at Alfred House Gardens,
Colombo 03. Presently Triumph has a network of 25 active dealer centers and over 500
registered active dealers. Retail sales operation of Triumph International Lanka
commenced on Nov, 1995, to date Triumph has an active retail chain of more than 500
Outlets Island wide and in addition leading fashion retailers in the country also have
separate Triumph counters at their sales locations.
With its entry to Sri Lanka Triumph's signature presence is evident through open displays,
strong branding and innovative and colorful range of styles. Triumph in Sri Lanka is
known as a company that markets innovative and fashionable intimate wear and is
perceived as an "aspiration brand"
On commencing the second decade of existence Triumph continues to delight the
customers with an array of new styles, more exclusive locations for lingerie shopping
with an incredible ambience and service that you need to experience.
3.1 Vision of the future
A new modern Triumph Logo is at the very centre of a complete new corporate design,
with which Triumph will engage more directly with its consumers and their desires and
wishes. The current Triumph advertising campaign, photographed by the Swede Peter
Gehrke, shows the self confident Triumph woman in natural and realistic life situations.
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Triumph is also not only taking inspiration for its designs from within its own ranks: the
Triumph Inspiration Award has been created so that talented young hopefuls have the
chance to make a name for them in the world of fashion. The award recognizes the
talented young designers of tomorrow from all over the world and in doing so creates a
dialogue between the company and creative young consumers. The emotional bonding of
the brand follows via the Triumph Stores, which are not only a showplace for the products
but also, above all, promote personal contact with the target group.
Triumph
HOM
Sloggi
VALISERE
Triaction
Mamabel
4.1 Triumph
Triumph celebrates the achievements of women of today and the brand name is more upto-date than ever.It is as mulitfaceted as those to whom it is dedicated while quality,
sensuality and versatility remain at the heart of this very special brand. .Triumph
celebrates the achievements of the woman of today. The brand name already implies this.
The products bring out the best in her, making her inner beauty shine and, if necessary,
hiding those small imperfections. It respects integrity while encouraging each and every
woman to emphasize what makes her unique and share it with her own particular world.
It provides answers and inspiration for every mindset and phase of life. Triumph supports
a young womans self-expression and love of changing trends. Triumph captures the
individual taste of those whove found their special style. A classic by Triumph addresses
a love of timeless elegance and optimal body shaping, whatever a womans age.
4.2 Sloggi
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Sloggi is the highest-selling branded brief in the world and it is because of its ultra-high
quality and unique comfort.
The sloggi brand likes to take a walk on the wild side whilst remaining true to its
origins as ultra comfy underwear. Triumph Internationals superior cotton-Lycra mix
provides the highest quality material and is combined with excellent workmanship. For
lovers of the stretch brief this means ultimate comfort when wearing these beautifully
designed pieces. For 30 years now, sloggi has been the favorite brand of modern and
active individuals.
Fresh design, bright colors and trendy cuts are the trademark of sloggi briefs, tops, bras
and swimwear ideal companions for the adventures of the Here and Now.
4.3 Valisere
While sloggi likes to see the wildness of men and women, Triumphs luxury brand
Valisre is dedicated to women who want to seduce the senses with breathtaking lingerie
VALISERE designs the mystery of the moment by choosing to be the brand for women
who dictate their terms of seductiveness.
Mysteriously holding the secrets of the female body, VALISERE treasures intimacy and is
dedicated to elegantly seducing the senses.
Mysteriously holding the secrets of the female body, yet tempting the eye and revealing,
lingerie is the most intimate and seductive of cover ups. VALISERE treasures this
intimacy and is dedicated to elegantly seducing the senses. In designing its collections,
the brand celebrates the allure of the female body. Creating exclusive pieces of
seductiveness, VALISERE indulges in fabrics that cherish the skin adding to the
sensation that already tempts the eye. Of French origin, the brand charms with elaborate
designs, exclusive fabrics, delicate embroidery, and outstanding workmanship.
VALISERE designs the mystery of the moment by choosing to be the brand for women
who dictate their terms of seductiveness.
4.4 Triaction
From soft comfort for non-impact sports to maximum support for peak athletic
performance: with Triaction bras and underwear, you're on the way to being a winner.
4.5 Mamabel
6.1.1 The main reasons that attracted the loyal customer base of Triumph
The Fit The primary reason for customers to buy Triumph was that they wanted a bra that
fitted them perfectly. None of the other local brands offered a cup size like
Triumph did. Suppose the bandwidth is 34 the person with A, B, C cup will have
to buy the same cup size that is available in the local market where as in Triumph
it fits perfectly according to the body type
The Comfort
If an inner garment does not provide the adequate amount of support people tend
to feel very uncomfortable. By using Triumph they are able to feel the difference
when compared to the standard ones that are available in the local market. As a
themselves.
It is a fashionable brand The wearer knows that they are using a brand that is current, contemporary, fun,
and innovative. By associating with Triumph these people are able to
communicate to the world that they have a high fashion sense and that they are
progressive. It was also very long lasting.
costumers from the market. And in many fashion item shops triumph has its counter to
facilitate the products and distribute them. Triumph has recruited personalized sellers who
go to consumers and promote the product by educating how to use them, what benefits
they can have from the product and the ways that it is unique from other products.
Triumph also uses their website and costumers are able to browse any design. As to make
them more aware of product triumph gives user manual which include the way of
handling the product. Triumph has used these kinds of unique techniques to handle and
care for their customers and acquire new customers to enhance their market share
Once triumph acquired their customers as many as they expected and value adding
customers to their product their main forces is to build strategies to make them retain as
regular customers to triumph. Therefore they introduce loyalty cards and issue them to
consumers and give the credit points to recognize the frequent and value adding
consumers to award them as well as giving them discounts. Also the collect customer
feedback and with the help of the consumers information they treat consumers according
to their choice. Also specials of consumers are noticed and wishing cards are been send as
to make them feel more important to the brand. Triumph also engage in public relation
activities like recruiting multi cultural stuff, recycle waste and produce organic products
and respecting the rules and regulation which are impose by the government.
Since 1994 2001 triumph focus on telling customers that particular brand is there and
what the product is all about it was a very basic approach to add value to the customer.
After that from 2002 brand was already known to customers. So triumph has to change
the advertising method to more sophisticate. And the brand fashion expectation was
highlighted. Therefore triumph try communicate customers saying that this is not just a
bra it also fashionable and quality bra. (eg: sport bra, evening bra, maternity bra etc..) .
Also we track our efficiency by employee research center mystery customers and act as a
customer and see how they get the service and try to improve our service level with the
help of bench marks. Once the customer interacts with Triumph they try to encourage
them to come back by looking at the life time value of the customer.
6.3 Place Mix
Place or Distribution is the element in the marketing mix which ensures that products are
made available at the right place, right quantity, right time and the right condition.
Triumph uses various methods to make sure that the customers their desired products at
the right time, right place and the right condition.
Direct Channel
This is the main distribution channel of Triumph. This comes under the Lingerie
Boutique concept of having a fully dedicated lingerie store with full range of
Triumph products. And Triumph is the only lingerie brand to have a dedicated
lingerie shop in Sri Lanka.
At this point of time Triumph has 5 dedicated lingerie boutiques.
Wholesale Channels
This is the channel where Triumph sells its products into other fashion stores like
Fashion Bug, No Limit, Odel, Beverly Street etc. with their own display racks.
In this element of the marketing mix attention is created by ads in the direct channel
method while in the wholesale channel attention is created by the display racks and in the
direct sales channel attention is created by word of mouth where customers who have
used the product give a positive feedback to other potential customers encouraging them
to purchase the Triumph product.
The potential customers are acquired by the customer service skills of the Triumph
customer service agents who are very well trained. Even though Triumph does not have
complete control over the wholesale channel customer acquisition it does give customer
service training to the sales people working in the fashion stores with information of the
finer points of the Triumph range and the technical details of the Triumph brand.
Once the customer has purchased the Triumph product the whole quality aspect takes
over where the customer feels comfortable wearing lingerie which fits her perfectly.
6.4 promotions Mix
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In the marketing mix promotion represents the various aspects of the marketing
communication that is the communication information of the product with the goal of
generating positive customer response.
Triumph uses the following marketing communications decisions:
AdvertisingDue to cultural constraints here in Sri Lanka Triumph hasnt been able to advertise
its products on massive billboards and other ways it has advertised its product in
other countries. Triumph has mainly concentrated on advertising its products
through the press, with a bit of TV and through radio.
Sales PromotionsThere are different types of sales promotions that Triumph do.
One is the Seasonal promotions which are done mainly during the Christmas,
Valentines Day and avurudu periods.
Another promotional method used by Triumph is up selling; where when a
customer purchases a certain type of product he/she is given a discount to buy
another product.
Gift giving is another promotional method used by Triumph. Also is the gift
voucher promotion system.
Also Triumph within its own stores has tiers where customers buying above a
certain value are given additional incentives.
Personal SellingThis is mainly done through interactions with the customers by the Triumph staff.
The is arguably the most effective way of promoting the product because the
customer gets to know the exact product specifications which is difficult to put
through an advertisement and also more importantly the customers doubts and
questions are answered in personal selling.
Promotion - advertising:
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The planned and sustained effort to establish and maintain goodwill and mutual
understanding between an organization and its publics
The role of public relations is to:
Influence the opinions of those publics by Reinforcing favorable opinions, Transforming
perhaps neutral opinions into positive ones and Changing or neutralizing hostile opinions
Triumph is an international company that hires employees from all over the world. And as
a global company Triumph acts responsibly towards the external environment both in the
product it self and manufacturing process. Also various programs are use to integrate
studies of environment as well as separation and recycling of waste.
Triumph offers the consumer the chance to wear their environment awareness next to
their skin. And use the latest, ecologically certified materials. Triumph also manufactures
certified organic cotton for their customers to acquire the whole market in the country.
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Personal selling is oral communication with potential buyers of a product with the
intention of making a sale. The personal selling may focus initially on developing a
relationship with the potential buyer, but will always ultimately end with an attempt to
"close the sale"
Personal selling is one of the oldest forms of promotion. It involves the use of a sales
force to support a push strategy (encouraging intermediaries to buy the product) or a
pull strategy (where the role of the sales force may be limited to supporting retailers and
providing after-sales service).
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Triumph captures the attention of the customers by introducing the concept of defining
themselves to others through the outer wear and defining themselves to them using
the inner wear. Like matching of color, design, shape etc.
One of Triumphs personal selling method was to recruit people who are interested in
dealing with the product and encouraging them to communicate and grow the Brand
triumph to their network of friends and relatives.
Triumph Personalized training has helped the personal sellers to easily give information
about the product and make customers stay with them for their life time. Triumph also has
given special rates to regular customers.
7 Marketing Strategies
7.1 Segmentation
The total viable market available to triumph is the female population in the age region of
12-70.And triumph has segmented the market mainly according to age. The market is
segmented into distinct groups of buyers with different needs, characteristics or behavior
that require separate marketing programs.Triumph has segmented the market into
different categories depending on different basses. One of which is age wise
segmentation.
Teenagers: They are the females in their early teens who between 13-18 years old
who generally need training bras and first bras.
Young Adults: The customer category who generally have a high disposable
income who also look at the fashion aspect.
Mature Adults: The customer category who are not so fashion conscious but
whose priority is comfort.
Elderly: The customer category where the customers dont necessarily dont look
for fashion and innovation but who purchase the range they always purchase (Classic
range).
Another method is depending on income. Since triumph being a premium brand the
target customer base is the upper middle class income rangers.
The market is also segmented according to the life styles and the attitudes of the
customers.
People who want to adventurous and bold
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There is also training for third party staff once in every three months where they are also
brought into the office for half day coaching sessions where they are trained and given in
depth information about the Triumph brand and its products.
7.4.2 Evaluate customer feedback
In todays increasingly competitive market, it is important both to delight and to avoid
disappointing the customers. Thus, they have a system for obtaining feedback from the
customers. They try to encourage much feedback from customers. For that they have
customer feedback book at every store. So they can rectify their mistakes and make
Triumph stores a better place for customers to shop.
Triumph also has a website through which customers can contact Triumph and give their
feedback. Also Triumph international mostly contacts customers through the E-mails. So
customers give feedback through it also.
By properly analyzing the customer feedback received Triumph has been able to retain
their customers by giving them want they want.
7.5 Use Brand Equity
Brand equity refers to the value of a brand. Brand equity is based on the extent to which
the brand has brand loyalty, name awareness, perceived quality and strong product
associations. Brand equity also includes other intangible assets such as patents,
trademarks and channel relationships.
Basically customer loyalty was created by quality and the high quality of the Triumph
product made sure that customers would always come back.
Triumph gives loyalty cards to loyal customers who visit the store regularly. Public
relation was the important area to triumph to have loyal customers and increase brand
loyalty. The loyalty programme encourages customers to regularly visit the store thus
increasing the brand equity.
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And traditional retrenchment was taken twice a year and sample regular customers and
fills customer feedback form and customer preference and way to improve our brand
loyalty.
Triumph had never dropped their quality and that make their brand very loyal among the
customers in the market. They focus on getting many young people into the brand
Triumph and getting them to experience.
Interna
l
search
Interna
l
INFORMATION SEARCH
External
EVALUATE ALTERNATIVES
search
PURCHASE DECISIONS
When Triumph initially entered the market they used this model to decide about the
appropriate marketing strategy that needed to be used in order to effectively target and
position them in the top end of the market. They realized that the problem was that people
had to buy whatever the local brands had to offer which was of cheap quality and did not
offer appropriate cup sizes or fitted garments. Then they started looking up information
internally about the cost structure of their lingerie, the materials that were used and they
used real life models to test the appropriateness of their garments where they were able to
analyze their own shortcomings as well as the failures that were there when it came to the
local products. Externally they studied how effective it was and studied the feedback and
responses they received from customers to gather external information. They realized that
the consumers were faced with options from the local market and cheap imports.
offering this loyalty programme to customers who visit the store is because they are
generally affluent than the other customers who visit fashion stores also more in line with
thinking triumph as a fashion brand. Therefore they are given the full range of items
within their own stores.
They are also given loyalty cards and their demographic information is also taken so that
they can use it for promotional activities so that triumph brand is constantly reminded to
them. Once the customer interacts with Triumph they try to encourage them to come back
by looking at the life time value of the customer. Attention is focused on grabbing the
customers imagination and where they tell them to look at what they offer and to stick
with them.
production was sourced from Europe and Asia even the lace,
hooks, straps, netting were of very high quality. Customers then were able to understand
that this product will have the same effects over a long period of time, for years and that
every Triumph product they by will have the same level of quality. This is how their
automatic trust started building up.
Brand got more attention during 2001- 2002 where the approach changed. With the
sophisticated range being introduced the people were able to understand that while they
used outer garments to define themselves the inner wear can also be used to define
themselves. With these relationships building up the whole concept of glamour, colour,
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matching sets of bra & brief was introduced. Due to this they were able to change the
mindset that innerwear is a fashion element not just a functional element.
10 SWOT ANALYSIS
A scan of the internal and external environment is an important part of the strategic
planning process. Environmental factors internal to the firm usually can be classified as
strengths (S) or weaknesses (W), and those external to the firm can be classified as
opportunities (O) or threats (T). Such an analysis of the strategic environment is referred
to as a SWOT analysis.
A firm's strengths are its resources and capabilities that can be used as a basis for
developing a competitive advantage. The absence of certain strengths may be viewed as a
weakness. In some cases, a weakness may be the flip side of strength. Take the case in
which a firm has a large amount of manufacturing capacity. While this capacity may be
considered a strength that competitors do not share, it also may be a considered a
weakness if the large investment in manufacturing capacity prevents the firm from
reacting quickly to changes in the strategic environment. The external environmental
analysis may reveal certain new opportunities for profit and growth. Changes in the
external environmental also may present threats to the firm.
The SWOT analysis provides information that is helpful in matching the firm's resources
and capabilities to the competitive environment in which it operates.
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We can analyze this Triumph international Lanka (Pvt) Ltd according to the SWOT
analysis.
Strengths
Weaknesses
Opportunities
Threats
Other brands coming into the market like Monthe, which is created by Mas
Holdings. Its currently developing in India
that
directly
or
indirectly
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influence
marketing
decisions
of
A PEST analysis is an analysis of the external macro-environment that affects all firms.
P.E.S.T. is an acronym for the Political, Economic, Social, and Technological factors of
the external macro-environment. Such external factors usually are beyond the firm's
control and sometimes present themselves as threats.
In this company also we can see the Political, Economic, Social, and Technological
factors. The following are examples of some of the factors that might be considered in a
PEST analysis in a Triumph international Lanka (Pvt) Ltd.
Political Analysis
Political stability
Trade regulations
Economic Analysis
Infrastructure quality
Labor costs
Social Analysis
Demographics
Class structure
Education
Technological Analysis
Email is one of the Information Technology tool used by Triumph to market its
product. Email is a powerful, low-cost communications tool that businesses are
using to market their goods, provide better customer service and work more
efficiently. Email can provide a cost-effective way of marketing. Customers can
be targeted cheaply and instantly and, unlike other forms of marketing, email can
be easily and quickly forwarded to colleagues or friends. Encouraging the
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word of mouth.
Triumph has a database of about 8000 people most being its regular customers. It
uses the data base to inform customers about new products, new collections, and
sales promotions. External databases are also used for promotional activities.
Even though Triumph does not offer e commerce facilities it uses its website to
give in depth information about Triumphs product range. The website also offers
Draw backs
lack of the artistic features and individuality which are so necessary for lingerie.
Recommendations
We would like to recommend that it seems that Triumph has an great International future
and they should keep up their good work and try to get touch with companies all over the
world. They should also focus on getting closer to the customer through retailing and
branding. Other recommendations are as follows.
1. Triumph can be benefited from many women viewing lingerie as a relatively
inexpensive pick-me-up at a time when the recession was biting into other areas
of spending.
2. Innovation and new product development (NPD) have soared as young and older
women alike rediscovered the fashion potential of bras and underwares.Valesere
in particular, acquired a much greater fashion status in 2009, causing volume sales
to increase. More young women are now wearing these bras and there has been a
great deal of innovation in underwear garments, which are now staple garments
for many young female consumers.
3. Technological advancements have driven the brassiere (bra) industry, and the
market is currently highly competitive in terms of offering products with unique
and multi-functional properties. Manufacturers have also used technological
development to increase the comfort and effectiveness of shape wear, which has
become a major sales driver for the sector. As Triumph does not offer e commerce
facilities it uses its website to give in depth information about Triumphs product
range They can use these latest technologies to promote and sell their products
online
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4. No doubt the industry will bounce back after the worst of the recession is over. In
terms of the retail market, the competitive arena is becoming increasingly
crowded. Lingerie specialists, both on the high street and online, are encroaching
on the territory traditionally dominated by the mixed retailers and fashion
multiples. Supermarkets, too, are looking to increase market share by offering
designer styles at high-street prices. Like Marks & Spencer (M&S) the dominant
lingerie retailer Triumph also has the ability to increase its sales with this new
opportunities coming ahead.
5. The market is definitely looking upwards in terms of quality and sophistication;
however, in the future, pricing will not be a problem for Triumph.Online retailing
for lingerie has proved successful, and this will add to an extremely pricesensitive market for Triumph.
6. Triumph also can bring its own trends in an increasingly exciting and competitive
period for the lingerie market.
7. Now many people use these bra items as a fashion item Many Western women
place a great deal of importance on their physical appearance, especially their
breast shape and body image. Triumph can take this as a advantage and try to
make different types of garments which are suitable for the timely fashion. And
the Western media, especially advertising, emphasizes a woman's body shape,
especially her breasts.The market is now fully open for Triumph
8. Another advantage which Triumph can get is its unique way of presenting
underwear. Triumph has introduced a specific new consumer lifestyle to retail
outlets. Its underwear has not been sold not as a functional clothing unit, but as
some sort of emotional expression.all these reasons can get as an opportunity to
spread the market share of Triumph.
9. Other things that Triumph can achieve is as follow.
10. Securing sources of quality material suppliers through backward integration
11. Maintain the uniqueness in designing , manufacturing and distribution to secure
customer base
12. Continuous innovations and inventions at all levels of business activities
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CONCLUSION
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REFERENCES
Kotler, P. and Armstrong , G.(2006) Principle of Marketing,11th ed.
Prentice-Hall of India Private Limited.
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