Apparel and footwear company gets smart about segmenting the market
Success Stories | Consumer Goods & Retail

Apparel and footwear company gets smart about segmenting the market

Escalent took a thoughtful and thorough approach to developing an assessment of Behavioral Segmentation best practices in ours and external industries. This assessment broadened our understanding of what key competitors are doing, where we needed to improve and contributed to a consumer-centric brand building approach at our company.

Business Issue

An athletic apparel and footwear giant was struggling with stagnant revenues despite a strong brand in a growing industry. The company had invested in an attitude-based consumer segmentation a few years back in hopes of reaching relevant micro-segments, but this strategy bore no fruit. The company believed that segmenting consumers behaviorally and reaching out to a broader base would help them achieve their objectives. However, they didn’t have a solid foundational understanding of their segmentation. So they reached out to us to learn how other companies effectively segmented the market in ways that identified actionable targets and maximized revenue.

What We Did

At Escalent, we understand that segmentation is one of the most likely types of research to fail—as often for strategic and cultural reasons as for methodological ones. In order to ensure an actionable path forward, we conducted discussions with key client stakeholders to assess how their existing segmentation was being used by the business (in product design, marketing, etc.). Based on our client’s goals, we knew that an attitudinal segmentation would not yield their desired results. Instead, we saw an opportunity to leverage emerging, best-in-class methods for applying predictive modeling to behavioral data in order to yield action-ready, behavioral segments. We conducted thorough secondary research on these state-of-the-art techniques, following them with interviews of key opinion leaders in the space (strategic consultants, marketers, academia, and designers). The result was a series of clear recommendations for segmenting the market and activating consumer segments through product innovations, marketing, and merchandising.

Result

We provided the client with insights on new and leading-edge techniques to better segment their potential consumer base. We also delivered tactical information on where to source the data, which tools to leverage, how to make the segmentation predictive, and how to activate the identified target consumer.

Explore our thinking on Segmentation

Show All
  • As financial institutions race to get positioned to capture their share of one of the largest, most historical transfers of wealth, they must understand how they can differentiate themselves to secure a competitive advantage.

  • As affluent investors consolidate their accounts, wealth management firms have an opportunity to win new assets. Based on data from our affluent investor research, this white paper focuses on an effective strategy for growth: targeting existing clients to convert more of their assets away from competitors and to your firm.

  • Customer Success leaders from 20 global tech firms share the most pressing issues facing organizations today. This blog, which outlines how to monitor the customer journey to make the most of segmentation research, is the fourth of a multi-part research series from Escalent.

Keep me informed. I’d like to receive occasional newsletters, event notifications, and thought leadership materials.

Subscribe to Our Newsletter