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With sales over $5 billion, Victoria's Secret is a power player in the retail industry. However, it is interesting how Victoria's Secret got to that point with highly overpriced products. Each product is marked up by more than double its cost, and are not always made with the highest quality materials. However, like a cult following, customers repeatedly purchase $10 pieces of fabric and elastic bands.
I love walking i
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This is the bread and butter of Victoria's Secret's business strategy. The company relies on this prestige and has gathered a huge customer base that buys into it. Unlike many other huge retailers, Victoria's Secret lets the customer know that it is a designer brand. Each year the Victoria's Secret fashion show is broadcast on television and is a highly anticipated event. Both women and men gather to watch the hour long show featuring the Victoria's Secret Angels strutting their stuff down the runway. The outfits are outrageous and fun, sexy and gorgeous and appeal to both sexes. The funny part is, people are really just watching an hour long commercial. I think it's amazing that a marketing ploy is something that people all over the U.S. will watch while drinking wine and having a good time.
Both the stores and products appeal to women and men due to the atmosphere and attitude that they convey. Victoria's Secret is a brand that everyone can identify from the pink-striped shopping bags to the semi-annual sale. This yearly event is nothing crazy or new in the marketin
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this idea because it helps the company in so many ways. Not only are they getting the customers to interact with the brand, but they're also sending these posts that their friends can see. I know that I get jealous of every post that I see and wish I had a better income so I could buy all of it (man am I materialistic).
I would be honored to work for the marketing department of Victoria's Secret because they are really masterminds when it comes to selling. I have yet to see a marketing tactic that Victoria's Secret has used that I haven't thought was brilliant!!