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Company
History
In
1857 Sotirio Boulgaris was born into a family of legendary Greek
silversmiths and in 1880 he moved to Rome and began opening a variety
of boutique stores. Shortly after, a small family business flourished
into an enterprise with stores in St. Moritz, Naples, Bellagio,
and Sorrento. BVLGARI was quickly established as an upscale jeweler
using gold, silver, and platinum set with brightly colored precious
gemstones. Since the mid 1970s BVLGARI has gained international
recognition and become a favorite amongst celebrities and royalty
around the world. Today BVLGARI is most known for creating luxurious
timeless Italian jewelry with daring combinations, bold colors,
and precious stones. They have stores in New York, Paris, London,
Rome, and Los Angeles.
Case
Study Concept
The scope of the project was to perform customer segmentation and
develop a loyalty strategy with the purpose of driving business
to Bulgari.com. The goals were to understand the attributes important
to the internet luxury shopper; the motivations and inspirations
that inspire loyalty in the luxury internet shopper; and the services
and offerings that would retain and further inspire the luxury shopper.
Design,
Business and Marketing Plan Solution
The development of the BVLGARI web strategy included conducting
customer surveys and interviews with the BVLGARI sales representatives
with the goal of identifying and profiling the online luxury shopper.
Major considerations were given to income, gender, education, and
internet habits. The results of the customer research led us to
create two personas embodying the BVLGARI shopper and developing
a short-term and long-term attraction and retention strategy for
each persona.
“BVLGARI
Traveling Collection” and “B-lounge” launch
One of the main marketing initiatives that the team recommended
is the BVLGARI Traveling Collection which showcases vintage jewelry
pieces and details the history of Italian and Greek and Roman art
at museums and cultural centers throughout cities in the United
States. This initiative is expected to reach a relevant demographic
in addition to informing the consumer of BVLGARI’s rich history
and craftsmanship.
As part
of an exclusive social networking feature of the new ecommerce site
BVLGARI plans to launch the B-lounge. The B-lounge will serve as
an exclusive club for active and loyal BVLGARI customers and offer
services such as featuring the early release of new designs.
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The
BVLGARI Project Team
Mikel Achotegui, Columbia Business School
Sangeeta Abkari, Columbia Business School
Eloisa Allona, Columbia Business School
Christina Black, Columbia Business School
Francesc Minoves, Columbia Business School
Shradha
Mehta, Parsons The New School for Design
Nikita Varma, Parsons The New School for Design
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