Banana Republic Marketing Mix – Marketing Mix Of Banana Republic

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Banana Republic Marketing Mix: Banana Republic is associated with Lifestyle and Retail because it sells clothing and accessories. It is a division of the parent Gap Inc., This private business of American origin was established in 1978 by founders Patricia Ziegler and Mel Ziegler as Banana Republic Travel & Safari Company. In 1983 the company was purchased from its owner, and the name was altered from 1983 to Banana Republic.

Marketing Mix Of Banana Republic

Marketing Mix Of Banana Republic is brand-based. In Marketing Mix Of Banana Republic, We will Learn About the four key elements of Marketing Mix: products, place, price, and Promotions. By paying attention to the following four components of the marketing mix, a business can maximize its chances of a product being recognized and bought by customers. We will be discussing Banana Republic Marketing Mix. Below is the detailed Marketing Mix Of Banana Republic.

Let’s talk about Banana Republic Marketing Mix.

Banana Republic Main Competitors

  • American Eagle Outfitters
  • J CREW
  • M
  • Abercrombie & Fitch
  • GIL Groupe
  • Bonobos
  • J Hilburn

Banana Republic official website: bananarepublic.gap.com

Product in the Banana Republic Marketing Mix:

Banana Republic Marketing Mix

Banana Republic is one of the leading fashion brands. It has released a number of collections that showcase its distinctive style and unique designs. Banana Republic deals in natural fibers, premium materials, and superior craftsmanship to provide an extensive collection of products collection which includes collections such as

  • Sunday Sunday
  • Heritage
  • BR Monogram

Capsule Collections comprise

  • Roland Mouret
  • Marimekko
  • L’Wren Scott
  • Issa London
  • Milly NY
  • Mad Men
  • Anna Karenina
  • Trina Turk

The company’s offerings include

Women

Apparel

  • Sleepwear and intimates
  • Skirts
  • Shorts
  • Denim
  • Pants
  • Coats and Jackets
  • Blazers
  • The Tee Shop
  • Button-Up T-shirts
  • Blouses
  • Sweaters
  • Suits
  • Swimwear
  • Jumpsuits and Rompers
  • Dresses

Shoes and Accessories

  • Home-Gifts
  • Accessories
  • Jewellery
  • Handbags
  • Shoes

Men

Apparel

  • Socks and underwear
  • Swimwear
  • Denim
  • A casual look Pants and Chinos
  • Dress Pants
  • Blazers
  • Suits
  • Coats and Jackets
  • Hoodies and Sweatshirts and Hoodies
  • Sweaters
  • The Tee Shop
  • Shorts
  • Polos
  • T-shirts for casual wear
  • Dress T-shirts

Accessories and Footwear

  • Grooming and Caring
  • Home and gifts
  • Accessories
  • Footwear

Petites

  • Skirts and shorts
  • Denim
  • Pants
  • Coats and Jackets
  • Blazers
  • Button-Up T-shirts
  • Tops and Blouses
  • Sweaters
  • Suits
  • Jumpsuits and Rompers
  • Dresses

Footwear

  • Boots
  • Flats
  • Sandals
  • Heels
  • Slides
  • Loafers
  • Oxfords
  • Sneakers

Accessories

  • Candles
  • Hair Accessories
  • Socks and tights
  • Sunglasses
  • Belts
  • Scarves
  • Hats
  • Jewellery
  • Handbags
  • Socks
  • Ties for Wallets and Pocket Squares

Place in the Banana Republic Marketing Mix:

Banana Republic has spread its product’s presence across national and global marketplaces. Its headquarters are in San Francisco, United States. The company began by opening its first store in Mill Valley in Northern California. It has since expanded the scope of its operation and now has stores across six hundred and forty-two places.

In the United States, the company has over five hundred thirty-six stores in areas such as Puerto Rico and Manhattan. The first store located outside North America was opened in Tokyo in 2005. The company is currently in Canada, Japan, Peru, Mexico, Colombia, Salvador, Costa Rica, Vietnam, Thailand, Qatar, Croatia, France, Russia, Turkey, UAE, the United Kingdom, and South Korea.

Banana Republic operates via franchise outlets and stores owned by companies. It also offers services through third-party operators as well as company-owned websites. The company has also opened shops in malls with high profiles to attract the most clients.

In 1996, Banana Republic launched gender-specific outlets, which were conceptual stores for both genders named Banana Republic Women and Banana Republic Men. The flagship stores were more significant than its initial outlets and had all its lines in one location. Particular emphasis was placed on the interiors, adorned with distinctive elements like polished metal, sleek fixtures, and neoclassical arches.

Price in the Marketing Mix Of Banana Republic:

Banana Republic Marketing Mix

Following its acquisition by the subsidiary business Banana Republic was rebranded as the leading retailer of luxury products. The company’s revenue today is estimated at 10 million US Dollars. It is also placed fourth amongst its competitors.

The company targets young white-collar professionals looking for sophisticated and business-friendly products. The company is focused on its durability and adaptability which explains why the expensive prices are high.

Banana Republic uses a lifetime value pricing model and has adopted the high-end pricing approach. Because its products have high quality, it has no hesitation to keep its high-end prices…

The company constantly faces challenges from competitors and has a price-competitive policy that keeps the prices of its products in line with prices offered by its rivals. The company’s brand is established within the market industry with a loyal following. It has had the ability to achieve the trust of its customers by implementing a price policy.

Promotions in the Banana Republic Marketing Mix:

Banana Republic recognizes the power of marketing and has developed ads that showcase society’s diversity and beauty. It promotes a notion of individuality and creativity. The ads portray a modern lifestyle and a relaxed appearance. The brand has followed its bold marketing approach and has utilized marketing tools to benefit.

Advertisements are seen in digital, print, and visual magazines, television channels, hoardings, billboards, billboards, and mobile devices. Banana Republic has realized the importance of social media in today’s environment and has utilized the official site to provide information, news, advertising, show current product information and highlight its offerings.

In this day and age, celebrity endorsements help in getting additional brand recognition. Banana Republic appointed Olivia Palermo in 2016 as its global style ambassador. In 2018, the company expanded its relationship with Kevin Love to include collaboration in the design of clothing and accessories for men.

In its promotional policy, Banana Republic offers discounts and incentives to its cardholders. At its outlet in the factory, they offer regular discounts, which are part of clearance sales and can vary by up to 60 for each item at 9.99 dollars. This is a bargain that retails at 7.99 dollars or a similar amount.

It also provides discounts of up to 40% on new items to grow the number of customers it has. When you purchase at least 100$, Banana Republic enables an accessible shipping facility. The company gives its customers the option of returning their purchases without cost. The company provides personal shopping assistants, as well as the possibility of free changes to attract customers.

This is the Marketing Mix Of Banana Republic. Please let us know if you have additional suggestions to add.


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