bath & body works ppt
TRANSCRIPT
Bath & Body WorksLUIS LOPEZLUISA ROSASKETAKI BAHADURAMANPREET KAURMANPREET MATHARU
Company Overview
Founded in 1990, Ohio More than 1600 stores in U.S. and
Canada 80 stores in other 23 countries Product lines
Body Care Hand soaps and sanitizers Home fragrance
Sales Strategy
Personal selling
PhilosophyRelationship
Strategy
Product Strategy
Customer Strategy
Presentation Strategy
Added Value Sales Model
Personal Selling Philosophy: Associates problem solvers Decisions based on customer choice
Relationship Strategy Win-Win situations Connecting with customers emotionally Deliver experiences
Added Value Sales Model
Product Strategy Expertise salesperson Value added solutions Changing store decoration every 3
weeks Customer Strategy
Customer Oriented Presentation Strategy
In-store demonstrations
Sales Tactics
Emotive approach through trained associates
Provide shopping bags Lower cost products at the checking point
Sales Tactics
Deal with buyers: Demonstration Questions Feel-felt-found
Closing Tactics Trial Closing Assumptive Close Direct appeal close
Transactional Pricing Quantity Discounts Seasonal Discounts
Sales Monitoring
Sales Goals Sales Success Rates Customer Review’s Customer feedback
Sales Reward Program
Associate benefits Extra Sales Incentives
Salary: not commission based Not personal growth, promotes growth of the store
as a whole
Rating Vs. Peers
No direct Competition No celebrity endorsement or validation
for their product Focus on emotional connection with
customer
Tactics to Promote Sales
Target customers Higher quality as compared to drugstore
products Affordable prices
Seasonal appeal leads to better turnover Taking contact information of customer to
offer promotional deals Emotional connectivity with customer Return policy Special combination packages
Strategy Vs. Reality
Matches with the course material Added value sales model
Personal selling philosophy Relationship strategy Product strategy Consumer strategy Presentation strategy
Strong Demonstration Techniques Dealing with buyer concerns Closing tactics Pricing strategies Selling tactics
Suggestions
Use flexing communication styles Make customers more comfortable Don’t push customers for purchases
THANK YOU!
Questions?