Wednesday, June 12, 2019
Tommy Hilfiger The Struggles of an American Fashion Icon Case Study
Tommy Hilfiger The Struggles of an Ameri target Fashion Icon - Case Study ExampleThe paper Tommy Hilfiger The Struggles of an American Fashion Icon discovers the American Fashion Icon, Tommy Hilfiger. Fashion companies extend relevant as long as they innovate and come up with new designs for their customers. People get easily bored when they simply get the variants of the same(p) thing. For starting, Tommy Hilfiger was innovative and came out with brands that people coveted. However, nearing the end of the 1990s, the company slowed down its rate of innovation, instead focused on distribution, and opening more stores for the existing brands. Other brands came up and overtook the company in terms of both innovation and distribution. The turn of the century has witnessed many new fashion brands coming up to offer customers better garment at cheaper prices. To survive such a landscape, Tommy Hilfiger needs to seek ways of covering all the loopholes available to its design, supply rang e of mountains, and pricing models. In design, it should focus on a few brands that are still profitable in its line of offers. This aspect would allow the company to eliminate wasting time and resources on trivial ventures. For the supply chain, the company can seek other ways of taking the clothes to the customers such as using companies specialized in supply chain management. The prices should be reduced a bit to match that of competitors but not to be too low that they cheapen the brand. Furthermore, increasing of influence sphere can also affect the sales, increase the overall companys performance.
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