shiseido future solution total revitalizing cream survey research report march 2005 monique choi,...
TRANSCRIPT
![Page 1: Shiseido Future Solution Total Revitalizing Cream Survey Research Report March 2005 Monique Choi, Miles Perdiguerra, Irene Shang, Orlando Shih, Judi Washington,](https://reader034.vdocument.in/reader034/viewer/2022052701/56649f125503460f94c25b89/html5/thumbnails/1.jpg)
ShiseidoFuture Solution Total Revitalizing Cream
Survey Research Report
March 2005Monique Choi, Miles Perdiguerra, Irene Shang,
Orlando Shih, Judi Washington, Fei Xu
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1872 – Tokyo, Japan, western style pharmacy
Entrepreneurial, pioneer, visionary
Management Principles (1921)
R&D Oriented – combine nature and science
Diverse Products - skin care, make up, fragrance, etc.
4th Largest Cosmetics Company
FY’04 Sales $5.7 billion
Marketing Strategy – “High Quality, High Image, and High Service.”
Company Profile
“Welcome to a world of beauty and well-being”
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Target Customer
40 – 60 year old women
Annual household income $60K+
Working women, professionals
College educated
Active lifestyle
Believe in new technology
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Product Profile
Retail price $225 USD
1.8 oz. (50 ml)
Packaged in an elegant black-green glass jar adorned with gold flecks; a plastic spatula is included
More than 30 ingredients, including two potent ingredient groups
Inner Network Firming Complex
Hydro-Infusion Complex
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Paper 1 Conclusions
The research should help Shiseido to find out how to:
Verify target customers
Reach out to the potential customers
Enhance the educational and promotional programs
Differentiate the products
Seek clear product positioning
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Survey Introduction & Objectives
Product Selection / Satisfaction
Product Promotions
Distribution Channel
Price
Reason / Frequency of Use
Brand Loyalty
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Survey Questions
Gender
Age
Annual household income
Children living at home
Skin concern
Skin care routine
Skin care brand
Level of satisfaction
Product improvement
Purchase factors
Anti-aging brand
Purchase location
Information resource
Purchase frequency
Expenses
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Survey Limitations
Computer with Internet access
Limited number of respondents (N=89)
Limited time
Limited number of options for each question
15% male and 85% female
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Survey Research Results
75% of respondents were women
66% were all females between the ages
of 25 and 44
Income level was evenly distributed among all categories
Female respondents were almost equally concerned about
wrinkles and fine lines (32%) as they were with acne (25%)
64% of respondents indicated they did not use one of skin
care brands named in the survey
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Survey Research Results(Continued)
All but one Shiseido user gave the company neutral to positive feedback
81% believe their skin care products could improve with better pricing, more promotions and discounts, better availability through channels
An overwhelming majority purchase skin care products from department stores (42%)
Magazines are the main source for skin care information (38.2%)
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Shiseido constitutes a higher market share among respondents than other companies in the survey, but 40% do not use anti-aging products at all
50% of Shiseido skin care product users also use their anti-aging products
Buying frequency is evenly distributed
64% spend less than $500 per year on skin care; only 7.9% spend more than $1,000 per year
Survey Research Results(Continued)
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Target consumers:
Current Shiseido consumers
Younger women: 25 - 44 years old range
Non-users of anti-aging products
Recommendations
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Recommendations (Continued)
Products:
Target younger consumers: Younger image New product extension with lower strength Different packaging Reformulated to address acne concerns
Quality and effectiveness guaranty: Product quality control Research and development (R&D)
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Marketing and promotion
Build a close relationship with current customers Communicate with potential customers Strengthen the positive, unique brand image.
IMC
Celebrity spokeswomen: i.e., Charlize Theron Sponsor events of interest to the younger target market Corporate partnerships Magazines popular to the younger target market
Recommendations (Continued)
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Distribution and Channels More availability through channels → department stores High-end retail channels Properly trained employees
Price $225 for Future Solution → too expensive? People want lower prices and more discounts Need to maintain luxury image
Smaller package with lower price Free samples and consultation Frequent user program Lower price for the younger version of Future Solution
Recommendations (Continued)
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Thank You
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Questions?