Question: Write a marketing plan for OPTION 1 : Rad Eddie - High - end fashion label Rad Eddie is a high - end fashion label
Write a marketing plan for OPTION : Rad Eddie Highend fashion label
Rad Eddie is a highend fashion label specialising in organic denim ranges. Established in by two university friends, Alex and Soni, the label has experienced steady growth and featured in several high profile fashion weeks over the years. At the beginning of Rad Eddie had an international distribution network, with partners in worldrenowned fashion hotspots such as Paris, New York,
Hong Kong, Singapore and Sydney. However, the global pandemic of COVID brought a rapid halt to international trade and Rad Eddies supply chains and key markets were drastically affected. As the world looks to recover from the impact of COVID and businesses navigate the economic and social realities of a postCOVID global marketplace, Rad Eddies owners are now seeking your advice as they look to recommence design, manufacturing and supplyretail of their fashion products over the next few months.
Rad Eddies owners are very conscious that one of their key target markets ie young women aged between who love to socialise and keep ontrend have had their lifestyles terribly impacted through such things as the closure of social venues eg cafes, restaurants and nightclubs This COVID event not only affects how these women spend their time and their money, but a proportion of target market were working in the hospitality industry prior to COVID shut downs. Many are now without incomes, and those who are in employment are very conscious of saving extra dollars due to the uncertainties of the economy at the moment. As many are without their normal social outlets, their need to have new outfits for a special occasion or work functions has decreased.
Rad Eddies owners have also established a strong commitment to sustainability over the last decade through initiatives focused on their staff and contractors, and their environmental impact. COVID presents a range of ethical and corporate social responsibility considerations for all businesses attempting to recover their businesses from COVID In some cases, businesses have been motivated to embark on added commitments to sustainability, in other cases, the focus on economic survival will see businesses cut commitments to social and environmental initiatives.
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