Wednesday, December 10, 2014

Reflecting in Undies

As I wrap up the semester and this blog before I take off on a new adventure in Ireland, I thought, what better way to look at the aspects of marketing while relaxing on my couch in… my pajamas while watching the Victoria’s Secret Fashion Show. Yeah, I’ll let them wear the undies in this blog.

But, seriously, the Victoria’s Secret Fashion show is one of the largest internationally televised events. It is bigger than the Super bowl! And, it targets a larger audience also. The show itself was featured in London this year, and presented 47 models from all around the globe. Men drool over these angels and women just wish that they could be them. For this reason, other than children, the VS Fashion Show annually targets men and women of many varieties of market segments from over 200 countries around the world. Not only do people watch the show from the comfort of their own living rooms, but there are people also in the actual audience of the performance. Tickets go for roughly $15,000 a SEAT! Do you know what I could do with that kind of money as a college student?!

Speaking of price, although the pieces that the women model aren’t given a price, it is for very good reason. The infamous Dream Angels Fantasy Bras are being sold for 2 million dollars. That’s $2,000,000 American dollars! Some woman somewhere in this world will be very happy on Christmas morning that is for sure.

What is interesting about the promotion Victoria’s Secret uses is that it isn’t just all on the runway. During commercial breaks, along with sponsors who probably paid a hefty fee to get air time
during the show, VS showed some of their own commercials to promote product. One was a longer advertisement for all of the bras featured in the show with a distinct holiday theme, and the other was a shorter commercial featuring the new VS Fragrance out for the holiday season. Not only did they do these during the performance, Victoria’s Secret models arrived the day before the show in London and posed and signed autographs outside the London store, promoting it through the publicity. VS used the show itself, the advertisements, and direct marketing with the models in their promotional mix in order to appeal to the masses of people watching the event. Below is the commercial promoting their new fragrance, Heavenly.

The 2013 VS Fashion Show drew in 9.71 million viewers and a rating of 3.4 among key 18-to-49-year-olds. The ratings for this year will be out soon, so keep on the lookout! I found the Fashion Show a fitting way to reflect on this year of marketing because it is literally a fashion show marketing each of the fundamental 4 P’s Product, Place, Promotion, and Price while gorgeous women flaunt what their mothers gave them out on the runway.

 
I learned a lot more in this class that I wasn’t able to include in this reflection, but take a peek at my other posts to learn all the ins and outs of the marketing world! Check out http://rileystefano.blogspot.com