L'Oreal
The case concerns Redken for Men, a L'Oreal product targeted at the male market. According to the introduction, the product has not been selling well in the Australian market, which was surprising when compared to the American and European markets. As the senior product manager for Redken 5th Avenue NYC, Matilda Bohling had the task of determining strategies to change this trend.
The study goes on to provide some information relating to the corporation and its products. Redken is a professional division product, only available to the consumer through salons and business outlets. Redken Laboratories were founded in 1960, and inspired by American actress Paula Kent.
Redken revolutionized the industry by introducing protein reconditioning. The Laboratories now hold several patents on protein products and ingredients for hair care. The decision to introduce Redken for Men into Australia was based upon favorable financial projections for this particular market.
The pricing strategy was customized to suit a product that was premium but affordable in the salon-business. Salons would be able to stock all products in the range, so that take-home sets could be customized according to consumer needs.
Several marketing efforts are in place for Redken. Sales professionals make regular visits to each salon stocking the product. A newsletter provides news on existing products, future updates, and promotional offers. The Exchange is a school...
This has a direct impact on cosmetics sales. In such countries there is a growing demand of higher quality products, even if this means higher priced brands. The use of technology in the cosmetics production is something more and more at hand, especially for cosmetics giants. This allows cosmetics producers to put a higher price on their products. Furthermore, this means increased profits. The awareness of health and wellness that characterizes consumers nowadays is extremely beneficial for
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now