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MARKETING THE INDUSTRY SEGMENTS

MARKETING THE INDUSTRY SEGMENTS. 4.10 Explain the retail segment of the travel industry. Mall of America. Bloomington, MN Most visited attraction in the US 43 million shoppers annually Largest enclosed retail and entertainment complex in the US Opened in 1992. Mall of America (cont.).

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MARKETING THE INDUSTRY SEGMENTS

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  1. MARKETING THE INDUSTRY SEGMENTS 4.10 Explain the retail segment of the travel industry.

  2. Mall of America • Bloomington, MN • Most visited attraction in the US • 43 million shoppers annually • Largest enclosed retail and entertainment complex in the US • Opened in 1992

  3. Mall of America (cont.) • Over 500 specialty stores • 60 restaurants • 7 night clubs • 14 movie theaters • Theme park • College Campus • 11,000 employees • 2,000 parking spaces • Contributes more than $1.7 billion in economic impact annually to Minnesota • Tourism is credited for 4 of every 10 visits to the mall.

  4. Soho and Nolita • Fifth and Madison Avenues • Seventh Avenue • Manhattan • 42nd and 44th Streets NEW YORK CITY SHOPPING

  5. Soho and Nolita • Shop where the rich and famous shop. • Hear the inside scoop on celebrities while you shop.

  6. Fifth and Madison Avenues • Designer palaces • Trends of the season • Most “posh” shopping district in the world • Barney’s is a high class store for men and women who want to dress well.

  7. Seventh Avenue • Home of the fashion industry • Streets filled with accessories

  8. Manhattan • Art Deco Emporium • Bloomingdale’s • Macy’s

  9. 42nd and 44th Streets • Gold and jewels • Precious metals appraisals

  10. Central Coast is known for open-air markets, seaside galleries, and charming boutiques. • San Francisco Bay Area has it all, from top designers in boutiques and department stores to ethnic influences in established neighborhoods and one-of-a-kind creations at neighborhood festivals. • North Coast is for those who prefer antiquing. CALIFORNIA SHOPPING

  11. San Diego has sprawling discount outlet centers, outdoor shopping malls, and quaint upscale boutiques. • Los Angeles is the place to purchase latest fashions from top local and world-renowned designers. Shop among the stars on Rodeo Drive and Beverly Hills. CALIFORNIA SHOPPING

  12. Concord Mills • Burlington Manufacturer’s Outlet Center • Tanger Outlet Centers OUTLET MALL SHOPPING

  13. Concord Mills • Concord, NC • Shoppertainment in an oval racetrack layout reflective of the NASCAR area • Shopping destination of the Carolinas

  14. Burlington Manufacturer’s Outlet Center • NC’s first and original factory outlet center • Over 60 factory outlet and designer stores

  15. Tanger Outlet Centers • The nation’s most popular brand name manufacturers and upscale designer outlet stores • Located in 20 states coast to coast • Burlington • Nags Head • Myrtle Beach • Parks on the Parkway, Blowing Rock, NC • Pigeon Forge and Sevierville, TN • Headquarters in Greensboro, NC

  16. Festival: A periodic season or program of cultural events that includes crafts, entertainment, and recreation and is often held in the streets. FESTIVAL SHOPPING *Many local street festivals are admission free to the visitor. Event vendors give a percentage of their retail sales to the sponsor to help defray the cost of the event.

  17. Asheboro Fall Festival • Azalea Festival, Wilmington • Barbecue Festival, Lexington • Beaufort Music Festival • Bele Chere, Asheville • Festival in the Park, Charlotte • NASCAR Days, Randleman • NC Rhododendron Festival, Bakersville FESTIVAL SHOPPING

  18. NC Oyster Festival, Ocean Isle Beach • Southwest Old Threshers Reunion, Denton • Wooly Worm Festival, Banner Elk FESTIVAL SHOPPING

  19. Azalea Festival • Wilmington • Oldest festival in NC, established in 1948 • More than 200,000 estimated to attend the two day street fair • More than 100,000 gather to watch the festival parade • 1,000 volunteers are required to stage over 125 events that include shopping, art shows, special exhibits, entertainment, and a circus. • The Southeast Tourism Society selected the NC Azalea Festival as one of its Top 20 events for 2003.

  20. Beaufort Music Festival • 2003, 15th year celebration of music • Three day fair and music on the waterfront and historic district Bele Chere, Asheville • Largest free festival in the Southeast • Over 350,000 people attend

  21. Festival in the Park, Charlotte • Started in 1964 by John Belk and Grant Whitney • Art and craft show in Freedom Park NASCAR Days, Randleman • Richard Petty Museum • NASCAR drivers, displays, show cars, food, and entertainment

  22. Heritage/Cultural Shopping Heritage: Relevant to tradition or the past Cultural: Related to the practices of a society that include its customary beliefs, social roles, and material objects that are passed down from generation to generation *Magazines from the Travel Industry Association of America and Smithsonian list NC among the “Top 10” states for cultural and heritage travel.

  23. Heritage/Cultural shopping • Cherokee • Mast General Store, Valle Crucis • Old Salem, Winston-Salem • Charleston, SC • Pennsylvania Dutch Country, PA • Williamsburg, VA

  24. Antique consignment malls • Cameron, NC • Historic Gold Hill, NC • Liberty (NC) Antique Festival • Largest outdoor antique festival in the Southeastern US • Held annually in May and September • High quality antique furniture attracts celebrities ANTIQUE SHOPPING

  25. Pottery: Hand-thrown clay (mud) shaped using a potter’s wheel; kiln-fired, traditional, functional, and decorative earthenware NC POTTERY

  26. Seagrove, NC • Largest and oldest community of working potters in the US • Nowhere in the country is there a similar colony of artists whose studios and workshops are open every day for travelers and friends to stop in to observe and shop. For the purchaser, it is a way to know the origin of the piece, and for the artist it is a chance to know the consumer. • Over 100 potters make and sell their wares from their shops in the Seagrove area today.

  27. Seagrove, NC (cont.) • Retail pottery galleries in Seagrove • Blue Moon Gallery • Seagrove Pottery • Village Pottery Marketplace • NC Pottery Center, the first state pottery center in the nation, opened in 1998. • Museum of NC Traditional Pottery

  28. Sanford, NC • North State Pottery was a pottery sales outlet started in 1924 by Rebecca Cooper • Employed members of the Owens family • Exhibited pottery at the 1926 NC State Fair in Raleigh • Ceased operation in the late 1950s when the last of the Coopers died

  29. Sanford, NC (cont.) • A.R. Cole (1892-1974) opened his first workshop in Seagrove during 1927, but moved to Sanford and established his pottery in 1934. • Continues to operate as Cole’s Pottery, operated by A.R.’s daughter and her grandson • Is the only original major Cole-related pottery still producing in NC

  30. Governor Mike Easley proclaimed 2004-2005 as the “Year of the Craft” in NC. • NC is third in the nation in craft income. • According to the NC Arts Council, arts and crafts provide jobs for more than 5,100 people and provide an income of more than $538 million each year. NC CRAFTS

  31. Trade shows • International Home Furnishings Market, High Point • Southern Christmas Show, Charlotte • Southern Ideal Home Show, Greensboro and Raleigh • Southern Farm Show, Raleigh • Auto Fair, Lowe’s Motor Speedway, Concord • and others!

  32. International Home Furnishings Market, High Point • Opened in 1909 as Southern Home Furniture Market • Held twice a year • Name changed in 1989 to International Home Furnishings Market • 11 million square feet of showroom space • Over 70,000 attendees • Visitors from 100 countries • Total economic impact now over one billion dollars a year to the Triad region • Restricted to wholesale buyers

  33. Agritourism: A commercial enterprise conducted at a working farm or ranch for the enjoyment of visitors and to generate income for the owner • Christmas tree farms • NC wineries • Produce and plant farming • Animal farms • Corn mazes

  34. Christmas tree farms • 100 Christmas tree farms statewide • NC ranks second nationally in Christmas tree production and leads the nation in Fraser fir production • In 2001, growers harvested 4.5 million Christmas trees valued at $99 million.

  35. Viticulture/Enology: Viticulture is the study of growing grapes. Enology is the study of making wine. Surry Community College in Dobson, NC, offers a program leading to a certificate, a diploma, or an associate degree in viticulture/enology.

  36. NC Vineyards • NC is home to 250 vineyards and over 30 award-winning wineries. • NC’s rich farmland and mild climate contribute to the success and wide variety of grapes that produce more than 500 thousand gallons of wine annually. • NC is home of nation’s first cultivated wine grape, the scuppernong. • The first scuppernong vine was cultivated in the 1500s in Sir Walter Raleigh’s Colony on Roanoke Island.

  37. Biltmore Estate Winery, Asheville • Shelton Vineyards, Dobson • Dennis Vineyards, Albemarle • Duplin Winery • Silver Coast Winery, Shallotte

  38. Asheville, NC • Largest winery in NC • 100,000 cases of wine produced per year • Tasting and retail room

  39. Shelton Vineyards • Dobson, NC • Second largest winery in NC • Tasting and retail room • Shelton At Sunset Concert Series • Shelton Cheeses, production and retail

  40. Dennis Vineyards • Albemarle, NC • Tasting and retail room • 2002 1st place winner at NC State Fair Duplin Winery • Oldest operating winery in NC, the 26th in the country to be bonded after Prohibition • Tasting and retail room, theater, and dining facilities • One of the first to actively promote health benefits of wine

  41. Silver Coast Winery • Shallotte, NC • Coastal NC’s premier producer of premium wines • Tasting and retail room • Offers tours from the vineyard to the bottle • Special events

  42. Produce and plant farming • Marketing at roadside stands • Peaches, pumpkins, vegetables • Ornamental plants and flowers

  43. Marketing strategies used in retail • ADVERTISING • Smaller businesses target markets through local print and broadcast media. • Internet websites, print, and broadcast media are used by larger businesses. They also purchase and display billboards along major highways.

  44. Marketing strategies used in retail • PERSONAL SELLING • Potteries • Wineries • Christmas tree farms • Roadside stands

  45. Marketing strategies used in retail • SALES PROMOTIONS • Tasting • Displays • Coupons • Free samples • Games

  46. Marketing strategies used in retail • Keen competition forces businesses to embrace the marketing concept of satisfying customers’ needs and wants in order to make a profit.

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