StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Marketing of JCPenny - Essay Example

Cite this document
Summary
The paper "Marketing of JCPenny" highlights that it is essential to state that Penny should try to rebuild its reputation by supporting a charity or promoting positive news stories to build good relationships with the media and with the public as a whole…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Marketing of JCPenny
Read Text Preview

Extract of sample "Marketing of JCPenny"

The marketers should have defined their objectives, what they hoped to accomplish from their ad.  Was their objective to change their image from a conservative clothing store to a more fashion-updated store?  Did they want to reposition their products?  Are they willing to sacrifice their conservative market just to tap another segment of the market?  These are essential questions that should have been addressed before deciding to come up with the ad. 

            Another important aspect that Penny might have overlooked is the pre-testing stage of the advertisement.  They should have randomly picked out a “consumer jury” who will view the ad and see how they would react to the ad.   The “jury” should be representative of their target market, to include their present consumers and the market which they want to tap.  Had they done this process, they could have gotten outright feedback on the impact of their ad.

How could Penney use public relations strategies to counteract the bad publicity it received as a result of the ad and the t-shirts?
 As a result of its television commercial entitled “Attitude Adjustment”, Penny suffered from bad publicity.  Their customers reacted negatively.  This same problem was encountered by Penny when they came out with a T-shirt design with the slogan “Home Skooled”.  To counter the negative publicity that they experienced from these instances, I think Penny should try to redeem itself and beef up its reputation again.  The first thing is to realize that they have to address the issue directly and not just hope that it will go away by itself.  Apologizing publicly through a company spokesperson is the first step that the company can make.  People react favorably to companies that accept their mistakes. If this is done the consumers, as well as the general public, will have the perception that they take their business seriously and that they are doing something to remedy the situation.  This was done by Penny when it pulled out its advertisement and the T-shirt as soon as it realized its negative impact.  Second, Penny must be ready to answer all media questions and explain the circumstances behind the advertisement.  Answering with “no comment” should be avoided.  A written statement in major newspapers may also be done to give a clearer picture.  Penny should also try to maintain a sound corporate social responsibility program.  Bad publicity can be countered by good publicity by generating good public relations. 

Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Marketing Essay Example | Topics and Well Written Essays - 500 words - 4”, n.d.)
Retrieved from https://studentshare.org/other/1418878-marketing
(Marketing Essay Example | Topics and Well Written Essays - 500 Words - 4)
https://studentshare.org/other/1418878-marketing.
“Marketing Essay Example | Topics and Well Written Essays - 500 Words - 4”, n.d. https://studentshare.org/other/1418878-marketing.
  • Cited: 0 times

CHECK THESE SAMPLES OF Marketing of JCPenny

Analysis of Business Problems of JC Penney

At present, JCP is functioning to discard this previous image and is trying to concentrate instead on reasonable pricing, attractive marketing and highlighting the exclusive brands that are offered.... Other Subject 20 May 2012 Research and Analysis Business Problems Executive summary: The problem in the functioning of JC Penney (JCP) is related to poor mercantile mix, branding and organizational culture....
14 Pages (3500 words) Research Paper

Investments and Corporate Strategy: Aligning Investment Decisions with Overall Strategy

The company also entered the playing field of internet marketing in the year 1998.... jcpenney Contents Executive Summary 3 Introduction 3 Goals of the company 4 5 Vision Statement 5 Mission Statement 6 Key stakeholders 7 Sense 8 Uncover 11 Solve 12 Build 13 Achieve 14 Conclusion 16 Works Cited 17 Bibliography 19 Executive Summary The following project provides an overview of a company operating in the clothing sector....
14 Pages (3500 words) Essay

Turnaround of JCPenney

Pursue relationship marketing.... Relationship marketing is now becoming essential in recognition of the lifetime value that repeats transactions from a single customer can bring.... Relationship marketing will help JCPenney by cultivating customer loyalty, lowering transaction costs, and more targeted marketing.... Recommendation and implementation:This case analysis recommends that the best strategy that JCPenney can pursue is relationship marketing....
1 Pages (250 words) Case Study

The Promotional Function in JCPenney

These channels are integrated and all managed by the parent company, thus maintaining no marketing intermediaries.... The promotional function integrates all of the marketing messages so that customers find consistency in how the business is positioned against competition stemming from its different marketing channels.... Because the business carries products relevant to many different lifestyles and age groups, it must adopt a mass-market promotional strategy rather than limiting the business to niche marketing or market specialization....
1 Pages (250 words) Case Study

J.C. Penney - Change Management

The paper "J.... .... Penney - Change Management" focuses on the mission and vision of the company.... It provides an overview of the retail industry and SWOT analysis of J.... .... Penney.... The author of the paper describes the leadership style of Ron Johnson as well.... hellip; J.... C.... Penney Company, Inc....
8 Pages (2000 words) Case Study

Analysis of the Pricing of the JC Penny Company

Jc Penny Company was founded in 1902 by James Cash Penny with the first outlet opened in Wyoing, with the philosophy that it would treat customers as the founder would want himself treated as the golden rule of the company.... Following its formation, it experienced rapid economic… The key facts in the case that sets the stage for the CEO include the store closings, sales malaise, declining market share, slumping earning and weak market performance (Kerin et al, 2009)....
11 Pages (2750 words) Case Study

Evaluation of Pricing Strategy of JC Penny

The retail chain is commonly known as jcpenny.... The company is observed to depend on promotions, discounts and sales extensively.... The recent strategies undertaken… by the retailer in setting prices of the product have given a good lesson to the manufacturing and retailing companies to evaluate their pricing strategies before launching a product (Christ, n....
4 Pages (1000 words) Assignment

Knowledge Management Leveraging

In the paper “Knowledge Management Leveraging” the author discusses Dr.... Skyrme's article on 'KM: Making It Work', which articulated on the following KM approaches and 7 levers: To make KM work, the first approach requires better sharing of existing knowledge.... hellip; The author states that the second approach requires creating and converting new knowledge through the process of innovation into worthwhile products, services or processes that gives longtime payoff”....
12 Pages (3000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us