12
al berrios & co. Analysis of the Non-Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted, Authored, & Prepared by Al Berrios, Managing Director, al berrios & co. March 2003 (c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without

Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

Embed Size (px)

Citation preview

Page 1: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

al berrios & co. Analysis of the Non-Athletic Footwear Segment Consumer

With A Focus on Timberland And The Launch of Their New Roll Top Boot

Conducted, Authored, & Prepared by Al Berrios, Managing Director, al berrios & co. March 2003

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 2: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

OVERVIEW

Between February 7th and February 15th, 2003, al berrios & co. was engaged by The

Timberland Company to generate nationwide awareness for the launch of its new Roll

Top Boot using the internet. At completion of engagement, al berrios & co. associates

used our innovative methodology to analyze the responses of 6.6% of the 149,440

consumers reached. Every interaction was conducted online. The Timberland Company

did not sponsor this Analysis.

CONTENTS:

1) METHODOLOGY 4) COMPETITION 7) EFFECTIVENESS

2) POPULATION 5) RETAILERS

3) PRICE 6) PREFERENCE

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 3: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

METHODOLOGY By locating preferred chat and forum communities, al berrios & co. leverages the

power of the internet to effectively interact with large numbers of consumers

simultaneously and at random. Once these consumers were located, the goal of al

berrios & co. associates was to generate interest within the entire community. (al

berrios & co. defines interest when at least 25% of consumers within a community

engages in the same discussion as the al berrios & co. associate). Once interest has

been achieved, associates proceeded to generate awareness and ask questions, the

answers to which would ultimately be analyzed by al berrios & co. Individual answers

were considered as representative of the entire community. As this was neither an

engagement to survey, nor a planned survey, al berrios & co. associates did not make

consumers aware that their commentary was going to be analyzed in any way. This

approach is comparable to observing thousands of shoppers around a store as they

select items to place in their shopping carts.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 4: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

POPULATION

al berrios & co. did not collect specific demographic information however, based on

communities selected, we assured a representative sample of ages (from 12-39),

lifestyles (gay, hiphop), ethnic groups (Asian, Black, Caucasian, and Latino), and

geographical locations (only geographic boundary was U.S.)

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 5: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

PRICE

Without historical data and a fully transparent or owned production, distribution, and

retail system, it is almost impossible to accurately forecast price points for new

products that consumers would be willing to pay for, that also takes into account brand

equity. al berrios & co. discovered:

> 34.67% of the total consumers reached discussed some sort of pricing for the new

Timberland Roll Top Boot.

> The average price consumers were willing to pay is $129.59.

> 7.5% of total consumers reached expressed interest in some kind of reduced price

offer from Timberland.

> 7.46% of consumers demonstrated intent to buy Roll Top Boot.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 6: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

COMPETITION

During our interaction with consumers regarding the release of a new Timberland

product, 17.39% of total consumers reached discussed another brand (unprompted by

al berrios & co. associates and not related to the non-athletic footwear segment. This

response may be indicative of the consumers’ lack of differentiation between athletic

and non-athletic functionality, along the trend of using SUVs for non-SUV purposes,

such as going to the mall.) Of notable mention was that every single consumer that

mentioned Nike Airforce Ones preferred to purchase AF1s only, or before Roll Top.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 7: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

COMPETITION

20.80%

5.77%

1.92%

6%

2.91%

15.44%

1.98%

4.43%

2.04%

2.91%

5.24%

2.91%

2.62%

1.86%

2.27%

3.79%

6.35%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Nike Air Force O nes

Converse*

Diesels

Dolomites

Dr. Martins

FUBU

GBX

Goretex

Gucci "Timz"

Jordans

Lugs

Manolos

Nike (all brands)

Nike Jordans

O siris

Uptowns/Adidas/Akademiks/Polo

Vans

% of ConsumersNote: Figures do not add up to 100%. These calculations tabulate brand mentions.

*The Converse “Chuck T” was specifically mentioned, but not by entire group.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 8: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

RETAILERS

For manufacturers planning an effective distribution plan that aims to reach the

consumers most likely to purchase your product, visibility has been relegated to

historical data and/or prior relationships. Upon learning other footwear brands

consumers were likely to wear other than Timberland, 2.62% of consumers told al

berrios & co. the channels they frequent for their footwear.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 9: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

RETAILERS

23.94%

12.74%

16.99%

46.33%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00% 45.00% 50.00%

FootLocker

Finish Line

Payless

Black Market

% of Consumers

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 10: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

PREFERENCE

al berrios & co. recommends to manufacturers without Timberland’s brand equity to

gauge consumer sentiments pre-production. al berrios & co. associates discovered that

although 35.82% of consumers thought the Roll Top Boot was “nice”, “cute”,

“interesting”, or “cool”, 13.05% thought the Roll Top was either not their style (with

comments like “ghetto”, “hideous”, and “ugly” used frequently) or because of a

perception of high price. A common request were blue Timberlands, with 2.33% of

consumers bringing it up without prompting. Other colors mentioned were black,

brown, gray, and white. At time of engagement, 6.56% of consumers reached already

owned a Timberland product.

Keep in mind, this kind of feedback about a new product was achieved because 78.97%

of consumers reached visited or expressed intent to visit product website.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 11: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

TRENDS

> Music preference at time of this engagement: Hip Hop, with artist 50 Cent

dominating discussions, and Ja Rule losing street credibility.

> Gender most likely to purchase non-athletic footwear: Males

> Female consumers have expressed interest in this footwear segment that traditionally

under serves them. al berrios & co. recommends that future non-athletic footwear

designs interested in capturing this market should contain elements of dress shoes (i.e.

high heels), with narrower designs.

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.

Page 12: Al berrios & co. Analysis of the Non- Athletic Footwear Segment Consumer With A Focus on Timberland And The Launch of Their New Roll Top Boot Conducted,

EFFECTIVENESS

Finally, in order to present to Timberland the effectiveness of using our methodology,

al berrios & co. gauged pre-awareness, with post-awareness being the total 149,440

consumers reached for during this engagement. 4.73% of consumers reached were pre-

aware of the Roll Top Boot. This group was among those that visited the product

website, which either means that we effectively located trendsetters, who are typically

aware of new products several years in advance, or that they reside in markets where

Timberland had previously marketed the Roll Top Boot. This group was not among

the group that acquired footwear through the “black market”.

To engage al berrios & co., contact Al Berrios at [email protected] or (917) 744-6579

(c) 2003. All Rights Reserved. al berrios. May not be reproduced or redistributed in any form without written permission from al berrios & co., subject to

penalty.