The “Pick
Your Pump” program for Nine West sounds like a great business plan to cater to
the shoe-loving girl. The benefits and
drawbacks of the program need to be evaluated in order to see how well it will
do. The major benefit and Nine West’s
focus is on the customization of the shoe.
The trend in the industry is no longer to fit in with the same colors
and fabrics, but to stand out. This is
directly speaking to that in that the customer can chose her own colors and
fabrics based on a certain shoe style. I
believe that this is the strongest aspect of the program. In addition, the company benefits from less
liability in a lower stock level, as shoes are made to order.
With that
being said, the one major drawback I see in the “Pick Your Pump” program is the
lead-time. They have compared this
program to the custom and iconic Manolo Blahnik shoe brand, sold for over
$600. Nine West does not have the Manolo
Blahnik customer. That customer will pay
that price for the customization, but also the craftsmanship, and will wait for
it. The Nine West girl is the average
working female who is willing to only spend the $120 on heels. Shoes to her are disposable and come and go
with the trends. The “Pick Your Pump”
program hits the price point and the customization point, but misses on the
timing. Why would a woman wait 6-8 weeks
for average quality shoes, even if they were the specific color she wished for?
I believe
that the technology used to customize these shoes is important and I do see the
benefits of the program. In the short
term, it was smart of Nine West to debut this program in a small way only in
Canada licensed stores. The margins
generated from implementing this technology will be beneficial for Sherson
Group and Nine West in Canada. However,
as a Nine West customer, I may hold off on ordering my custom shoes until the
technology to have them in a week, rather than 6-8 weeks, hits the market. Until then, I may just save my money to one
day buy custom Manolo Blahniks and have them forever.
Mogg, Kirsten. "Nine West Canada Launches." My
Private Brand. My Private Brand, 03 Dec. 2014. Web. 26 Feb. 2015.
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