L’oreal Case
By: Vika • Essay • 386 Words • November 9, 2009 • 1,708 Views
Essay title: L’oreal Case
Strengths:
• Synergy’s skin care market volume has increased for the past 5 quarters. With an annual rate of 12 percent and 16 percent in dollar sales.
• Synergy’s market hasn’t been explored much. Other companies offer either 1 to 2 products. Or they offer high end products that are not mass marketed. There isn’t a middle priced market. It is either high end or low end.
• Belle Couleur is the market leader in France. With 22 different shades to choose from.
• The hair coloring market has increase has nearly doubled since 1986 to 1989 and is still rising.
• Belle Couleur is the main competition for middle price hair color.
Weaknesses:
• People might not associate that Belle Couleur and Synergie are product extensions of the great and trusting company L’Oreal.
• It is priced slightly higher than the lower priced products but is overall a better product for the price. It is priced in the middle of cosmetics.
• People could be brand sensitive and scared of changing from the product they already use.
• With Belle Couleur hair die was tested differently when it was made. French women have darker hair then Dutch women therefore different outcomes in hair color will show up.
Opportunities:
• A new market for hair coloring. Which is great since it is becoming dramatically popular through out the world.
• Introduce different types of hair coloring products for different types of hair. For example hair type and thickness