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August 24, 2007

Simply Vera - a big risk for the fashion diva

Analysis of: Vera Wang Set to Dress Up Kohl's | online.wsj.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Angela Chew, Senior Product ManagerAngela Chew
Senior Product Manager, Chadwick's of Boston, Inc.
Implications: 1) Simply Vera ads are not targeted for Kohl's moderate customers 2) Is the brand and the line strong enough to bring in Federated's customers? 

Analysis: The ads look amazing but it is not produced with the Kohl's customers in mind.  The models are young and anorexic looking, far from the Kohls customer profile.  The fashion and construction details look great but will the average Kohl's customer care to pay the price for a clean finished car coat with bias piping on the inside?  A comforter set for $400??  That is totally out of control.   

This line will produce lots of buzz which will certainly be beneficial to the rest of the Kohls' moderate brands like Candies, Mudd and Tony Hawk.  

Even with a 40% mark down, the prices are still too high for Kohl's customers.  This is the store where you can buy Nike tees for $4.99 and Sonoma tees with a 2 for 1 price. 

The strategy is bold and does not make sense.  I could be wrong, perhaps the upscale customers will follow the yellow brick road to find Kohls at the end of the rainbow.


Other Analyses of the Same Source Article:
Taking the bull by its horns..........
December 10, 2007, Author: GLG Expert Contributor
Kohl's playing dress up?
December 6, 2007, Author: GLG Expert Contributor
Simply Vera is Now On the Selling Floor
September 18, 2007, Author: Laurence Hellman, Independent Consultant, Laurence Hellman
Vera, Vera off the Mall: Will You Help Kohl's This Fall?
September 5, 2007, Author: Laurence Hellman, Independent Consultant, Laurence Hellman
Vera Wang's New Line Is The Most Expensive Apparel Brand At Kohl's
August 27, 2007, Author: Martin Brill, Managing Partner, Sweetwater Consulting LLC
Did Kohls go too far with the Vera Wang Assortment?
August 22, 2007, Author: Mark Sussman, President and Chief Executive Officer, Pyramid Solutions, Inc.
Simply Vera and Kohl's a Perfect Match!!!!
August 14, 2007, Author: GLG Expert Contributor
Kohl's wins big while Vera Wang risks it all
August 13, 2007, Author: Christopher Ramey, President, Affluent Insights
Very Vera" strengthen's ongoing plans to attract new customers
August 9, 2007, Author: Mark Sussman, President and Chief Executive Officer, Pyramid Solutions, Inc.
Kohls will surely succeed w/ Vera as they did w/ Chaps & Daisy
August 3, 2007, Author: Jason Kra, Owner, Total Sports Resources
Kohl's' Simply Vera launch-the secrets in the styling, not the price.
August 2, 2007, Author: Nicholas White, President, White & Co
Does the Kohl's customer really aspire to look like the Vera Wang shopper?
August 2, 2007, Author: GLG Expert Contributor
Vera Wang's Brand now at Kohls - Vera, have you ever been inside a Kohls?
August 2, 2007, Author: Mike Kelly, Managing Partner, Brand Value Advisors LLC
Danger- Never Try to Out-Hip your customers
August 2, 2007, Author: GLG Expert Contributor
Simply Vera, simply a bargain?
August 1, 2007, Author: Angela Chew, Senior Product Manager, Chadwick's of Boston, Inc.

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