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What characteristics did the WGC use to segment the consumer market?
The WGC segments the consumer market into three distinguished consumer markets. First are the women who are traditional, they believe gold symbolizes tradition, wealth, and the importance of marriage. They are especially prominent in
What were the key aspects of the re-branding campaign? Globally? Locally?
Globally- WGC wanted to make traditional gold accessories look and feel more glamorous to the modern woman. In their advertising campaigns they used real women instead of models for women to related easier to the adverts.
Locally-
U.S.A
“May is Gold” month was created to offset the trend in where buying was minimal without and occasion. Creating a reason to buy gold as a gift to women.
“K-Gold” scheme was launched in 2003 to present a more fashionable and modern line of gold jewellery. 18ct gold products were introduced to encourage consumers to think differently about gold, and that gold can too be just as fashionable as they are.
Middle
Damas
“Gold Expressions” campaign launched by D’dama and WGC was launched to appeal to a more modern Indian woman. One who wears jewellery because of traditions but also for appearances and glamour.
Group D Prosperous Professionals – Type 13,14
- well educated individuals in professional and managerial occupations
- lives in houses that tend to be large, four or more bedrooms
- high car ownerships, reflecting wealthy nature of neighbourhoods
- because of urban location, travel to work is mostly on public transport
- high income
- financially aware, have high level of savings and investments
- technologically sophisticated consumers
- uses internet for finances, buying products and services
- reads newspapers:
- The Guardian
- The Independent
- The Times
- The Observer
- lives in
Group D Educated Urbanites – Type 15~19
- young people, high qualified
- lives in flats in major cities
- professionals and managerial roles, working hard to further their careers
- high incomes
- looking to buy their own flats and making other financial investments.
- high disposable incomes
- may buy expensive car, but many prefer to use public transport to get to work
- go out regularly
- enjoy dining at restaurants and bars and are interested in the theatre and the arts
- well informed about current affair by reading newspapers
- The Guardian
- Financial Times
- The Independent
- will spend significant amounts on travel
- loads of money and love to enjoy it
Group F Aspiring Singles – Type 20
- young single people
- renting small one or two bedroom flats
- they live close to where they work or study
- mostly take public transport
- internet use is high
- active, socially and physically
- frequent coffee shops, theatre, cinema and clubs
- to relax, they read books and magazines
1.) The Professional
Acorn Profile: Group H type 28 – Working families with mortgages
- juggles work, home and time with his children.
- travels mainly by foot and public transport
- reads broadsheets and listens to radio while travelling.
- The Times
- Financial Times
- The Guardian
- Evening Standard
- doesn’t really read magazines except Sunday supplements.
- needs to always be on top of the latest news.
- enjoys print ads.
- daily routine is very fixed, and usually revolves around the children’s schedule.
- not a lot of time for personal activities
- doesn’t really watch TV, only to relax before heading to bed.
Product/service: Golfing Pals Junior Kids Plastic Golf Set
Ad Placement: Print Ad in newspaper or Sunday Supplements
A lot of his time is either spent commuting to and from work or his free time is spent with his children, with the Golfing Pal he can enjoy an activity he likes with his children. Sometimes children toys can become expensive and burdening, with the Golfing Pal he doesn’t need to worry as it only costs ₤13.
He can enjoy a leisurely Saturday afternoon playing golf with his children.
2.) Party Girl
Acorn profile: Group E type 17 - Young educated workers, flats
- in her early twenties living in a shared flat
- enjoys music, boyfriend is a DJ
- loves luxury skincare products
- shops at Topshop and Miss Selfridge
- has unique and individual style
- confident in technology use, is a heavy user of the Internet for various purposes
- attends music festivals like Glastonbury
- very active, likes to go out with friends
- uses a lot of beauty products
- easily attracted to beauty products on advertisements.
- listens to the radio when getting ready
- party girl, goes out every weekend and takes bus home
- mostly rides bus, billboard advertisements catch her attention
Product/service: Urban Decay 24/7 Travel Set of Five Eye Pencil (₤20)
Ad Placement: Side of bus, or large billboard adverts
Since she loves going out and partying this Urban Decay product can outlast even the most outrageous nights. Their bright colours won’t fade until she stumbles home at 6 in the morning. The eye pencils come in great vibrant colours and are travel size, so she can throw them in her purse.
3.) Graduate
Acorn profile: Group E type 19 - Suburban privately renting professionals
- mid twenties, single
- lives in a rented flat
- very focused on her career
- still enjoys living a student life, going out, attending gigs
- takes public transportation to get around
- reads tube ads that relate to her
- uses the internet for various reasons, shopping, booking tickets, entertainment, etc.
- does a lot of online shopping.
- listens to radio at work
- likes to watch girly programmes like SATC
- reads a fair amount of fashion mags
- Elle
- Grazia
- Heat
- In Style
- stays in on weekdays to save money for weekends
- eats ready made food
- large phone bill due to heavy texting (£60-£150)
Product/service: Blackberry Bold
Ad Placement: Tube adverts, along escalators, large ads along tube walls
Because she loves to text, she should have a phone that is built especially for texting. It is stylish and easy to use. She can also use the internet on this phone allowing her to book tickets easily everywhere she goes. Since this phone has a special Blackberry to Blackberry free SMS feature this will save her a lot of money on her phone bill.
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