Monday, September 2, 2013

Ch. 1 - Overview of Marketing (Brief History and Mission Statement)

As one of the world’s leading premium lifestyle brands, Tommy Hilfiger delivers superior styling, quality and value to consumers worldwide. The brand celebrates the essence of Classic American Cool and provides a refreshing twist to the preppy fashion genre. Since its debut in 1985, the Tommy Hilfiger Group has become a US$ 4.6 billion apparel and retail company by offering consumers a breadth of beautifully designed, high quality products including men’s, women’s and children’s apparel, sportswear, denim, and a range of licensed products such as accessories, fragrances and home furnishings. 
Tommy Hilfiger began his bussiness venture as a teenager, he began buying jeans in New York City that he remade and sold for a markup in Elmira. When he was 18, he opened a store called The People's Place in Elmira that sold hippie supplies like bell-bottoms, incense and records. Wildly successful at first-Hilfiger soon had a chain of stores and a six-figure income-a downturn in the economy hit his business hard, and he filed for Chapter 11 bankruptcy in 1977. 
In 1984, Hilfiger was approached by Indian entrepreneur Mohan Murjani, who was looking for a designer to head a men's sportswear line. Murjani allowed Hilfiger to design the label under his own name, sealing the deal. The pair announced Hilfiger's arrival onto the scene with a blitz marketing campaign that included a bold billboard in New York City's Times Square announcing Hilfiger as the next big thing in American fashion. "I think I am the next great American designer," Hilfiger told a reporter in 1986. "The next Ralph Lauren or Calvin Klein."
Their tactics rankled the fashion establishment, which looked down on Hilfiger's naked self-promotion-Calvin Klein even got into a shouting match with the billboard's creator at a New York City restaurant. Though Hilfiger was embarrassed by the fallout, the bold tactics worked. Hilfiger's line of preppy clothes with his trademark red, white and blue logo soon became wildly popular. By the early 1990s, the hip-hop world embraced oversized versions of Hilfiger's clothes, and the brand assiduously courted rap stars and celebrities and has been influencing American fashion ever since. 
Tommy Hilfiger's Mission statement is: The Tommy Hilfiger Corporation is dedicated to the living spirit of the American dream. We believe the spirit of youth is our greatest inspiration. Resourcefulness is the key to value and excellence. In making quality a priority of our lives and products. By respecting one another we can reach all cultures. By being bold in our vision we continually expand our boundaries.

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