Thinking Outside of the Little Blue Box - Cimpress

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Thinking Outside of the Little Blue Box - Cimpress
Thinking Outside of the Little Blue Box
Thinking Outside of the Little Blue Box - Cimpress
Thinking Outside of the Little Blue Box - Cimpress
Tiffany & Co.
                  #Redefine
Integrated Marketing Communications Report
             for: Paul Gillespie

             Elizabeth Keary
            Julia Marchionda
        Natalie Rendall-Gonsalves
          Madison MacDonald
            Lina Darmohray
Thinking Outside of the Little Blue Box - Cimpress
Thinking Outside of the Little Blue Box - Cimpress
Table of Contents

Brand Review                                      1

Background Overview & the Specific Challenge      2

Target Market Overview                          3-4

Competitive Landscape                           5-6

IMC Objectives                                    7

Creative Strategy & Tactic Recommendations        7

The #Redefine Experience                          8

Media Recommendations                             9

Campaign Flowchart                               10

Budget                                           11

                                               12-14
Graphic Treatment
                                                 15
Conclusion
                                               16-17
Appendices
                                               18-21
References
Thinking Outside of the Little Blue Box - Cimpress
Brand Review
    Since 1837, Tiffany & Co. has been one of the finest
    American jewellers. Their iconic pieces and lasting
    style have solidified their place in consumers’ minds
    as an iconic luxury product.

    Several things come to mind when one utters the name
    Tiffany’s. There’s Audrey Hepburn wistfully peering
    into the windows of the flagship Tiffany & Co. store
    whilst the rest of New York begins to awaken. There’s
    Marilyn Monroe cheekily belting out “Tiffany” as she
    dances around a host of lovelorn suitors. Tiffany’s pieces
    are yet more iconic than the stars who wear them. The
    Tiffany’s diamond setting is the standard of quality
    and design for all engagement rings since 1886. The
    “Return to Tiffany’s” design has been coveted by young
    women for the past several decades. In 1926, Tiffany’s
    standard for platinum quality became the industry
    standard adopted by the United States. Tiffany & Co.
    embodies clean, elegant, and iconic design.

    In addition to its iconic design, Tiffany is strongly
    associated with the act of gifting. People go to Tiffany’s
    for a truly special and meaningful gift for a variety of
    occasions, such as Christmas, Valentine’s Day, Mother’s
    Day, birthdays, graduations, and engagements. People
    venture into a Tiffany store if they’re on a supremely
    generous mission: to treat a loved one to a little piece
    of luxury.

    Tiffany & Co. remains one of the top luxury jewelry
    brands in Canada due to its timeless style and
    aspirational image. Jewelry always signifies status,
    but few jewellers speak as loudly with their pieces
    as Tiffany. A person can recognize a Tiffany ring,
    bracelet, or necklace immediately. Tiffany holds one
    of the largest market shares in the Canadian market.
    It is recognized by consumers for its clean design,
    classic image, and is positioned as an aspirational
    jewelry brand.

1
Thinking Outside of the Little Blue Box - Cimpress
Background, Overview & the Specific Challenge
Over the past two years, Tiffany & Co. has seen        This is the primary objective of the #Redefine
declining sales, and has been lacking direction        campaign. The secondary and tertiary objectives
without the leadership of a permanent CEO.             that will be achieved through this campaign, as well
The cause of these issues is the stagnation of the     as through the success of the first objective, are to
Tiffany brand. It is simply not as top of mind as      increase top-of-mind awareness and refresh the brand.
other brands at the moment. It is still a strong
brand and this is by no means the end of Tiffany &     During Superbowl LI, Tiffany aired an advertisement
Co., but the market is in a particular state of flux   featuring Lady Gaga as a spokesperson for the brand
currently, where jewelry is being segmented into       and their Hardwear collection. This campaign was
very distinct categories. There are the established,   meant to re-establish Tiffany as an iconically New
major jewellers that Tiffany would be a part of,       York brand, and create a more edgy and hip image.
but there are also the more affordable jewelry         However, this advertisement was met with lukewarm
retailers such as Pandora, Links of London,            reviews, despite the explosive halftime performance
and Swarowski. This latter category is growing         by Lady Gaga. This campaign was going in the right
significantly and is highly appealing to the more      direction, but did not hit the mark in terms of making
price-sensitive middle class, as well as the cash-     Tiffany into an edgy brand. This is because Tiffany
poor age group of people ages 18-29.                   is not edgy, it is classic and timeless. Our objective
                                                       instead is to remind people of how classic and timeless
Tiffany currently sits at second place in the          the Tiffany brand is, while also making it appear
Canadian luxury jewelry market, with Swarovski         more fresh and youthful. This would be in better
coming in first. Our challenge with this campaign      keeping with Tiffany’s brand identity.
is to steal enough brand share from Swarovski
to make Tiffany the number one luxury jewelry
retailer in Canada.

                                                                                                                 2
Thinking Outside of the Little Blue Box - Cimpress
Target Market
    The Canadian luxury jewelry industry was worth approximately
    $2.1 billion dollars in 2016 (Passport, 2017). The market is
    expected to grow to approximately $2.5 billion by 2021, showing an
    overall percentage increase of 19% over the next 5 years (Passport,
    2017). The market is therefore growing, making lots of space for
    those in the industry who are willing to fight for a piece of the
    market. Competition is high, with brands ranging in variances
    amongst quality, price, materials, design, etc. This means that
    consumers have a lot of choice when it comes to buying jewelry,
    as pieces of jewelry can be found at many different price points,
    by many different brands.

    Tiffany is a brand of luxury, one that has represented quality
    and been a leader in fine jewelry for over a hundred years.
    Tiffany therefore has segmented the market, focusing more so on
    consumers who either can afford, or aspire to be able to afford
    their luxury pieces. More specifically, Tiffany’s target market is
    divided into two main segments: gift givers, and affluent buyers
    (Bell, 2016). Gift givers are those who want to surprise someone
    special with a gift, and have the money and disposable income
    to be able to do so. Affluent buyers, on the other hand, are those
    of a higher income who want to treat themselves. For Tiffany &
    Co., these segments are then narrowed down even further through
    demographics, and psychographics. Based on purchasing power,
    baby boomers and generation X are the major target market that
    Tiffany is currently selling to (Bell). Of this group, women of an
    upper middle to upper class socioeconomic position are Tiffany’s
    target buyers (Bell). These women are followers of fashion, adhere
    to aspirational brands, and live in metropolitan or surrounding
    areas (Bell). Purchasing from Tiffany’s is an experience and a
    lifestyle choice on top of the material product they receive, and the
    products a consumer purchases are ones that they might otherwise
    expect as a gift (Bell). Tiffany’s second target market is comprised
    of spouses, partners, friends and family (Bell). This means that
    given the demographics and segments of consumers that Tiffany
    has been targeting, millennials have been in a sense, neglected.

3
Thinking Outside of the Little Blue Box - Cimpress
With the mix of competition and a changing consumer
market, Tiffany’s past focus on older generations has
resulted in the lack of attention paid towards younger
generations, and more specifically, millennials.
Tiffany, in the eyes of some consumers, has grown
to become a little tired. With competition from Blue
Nile, Birks, LVMH, Pandora, Swarovski, and Links
of London, Tiffany, although still an iconic brand,
has lost its top spot in market share within Canada
to Swarovski. Tiffany therefore needs to reevaluate
its target market and marketing strategies in order
to grow with the changing times, a crucial aspect of
this being social media (Bell). Targeting millennials
would revitalize the brand, and keep it as a top of mind
awareness brand for upcoming generations, as it has
been throughout history with previous generations.

In order to appeal to a wider demographic and grab
the attention of millennials, we have decided that it
would be best to set the target market age range from
20-50, focusing our campaigns towards the younger
audience aged 20-35. There are 7,516,400 (Stats Can)
Canadians between the ages of 20- 35, accounting for
20.7% (Stats Can) of the total Canadian population.
Since the primary jewelry user are females, we want
to focus our target towards them no matter if they are
buying the product or having someone gift it to them.
Those that will buy Tiffany jewelry will usually have a
higher disposable income as well as come from upper-
middle class to high income households. Although
most millennials don’t have a high income themselves,
they might come from upper- middle class families
or have significant others buy them Tiffany jewelry
as gifts. A lot of Tiffany’s psychographics are also
focused on targeting aspirational buyers, therefore the
shift to begin targeting millennials could be seen as an
extension of their current target. Tiffany will remain
to be an aspirational brand, but through focusing on
social media, and IMC initiatives, the brand will gain
more top of mind awareness, and ultimately be the
largest player in the Canadian jewelry market.

                                                           4
Thinking Outside of the Little Blue Box - Cimpress
Competitive Landscape

    Please note that the top 5 only hold 15.5% of brand shares overall

5
The top five luxury jewlery brands in
                                                         the mix make up about 15% of the
                                                         overall market share. Tiffany’s goal is to
                                                         be the number one retailer in Canada
                     7.2%
Swarovski was founded in 1895 by Daniel Swarovski        and beat out Swarovski. In order to do
(History, 2017). The brand specialises in designing      this Tiffany must take shares from the
and manufacturing crystals, genuine gemstones and        top four brands in the mix. It would
created stones and finished products such as jewelry
and accessories, beauty products, and lighting.          also be beneficial to look at the top
Currently it is a successful jewelry and accessory       brands that make up part of the rest
company with multiples stores worldwide (Swarovski       of the 85% and take shares from them
Group). Swarovski is Tiffany’s largest competitor,
it currently holds the highest number of brand
                                                         (Appendix 1). According to passport,
shares, with 7.2% followed by Tiffany & co. with 4.2%.   other brands in the 85% include: Kate
(Euromonitor, 2017).                                     Spade, Bvlgari, and Michael Kors (in
                                                         that order after our top 5) (Passport
                     1.9%
Van Cleef & Arpels was founded in 1906 by Paris,
                                                         2017).
France by Alfred Van Cleef and Salomon Arpels
(Van Cleef & Arpels, About Us). They sell a variety of
jewelry pieces with most of them inspired by nature      Blue Nile was founded in 1999 and is an online
and flowers. Currently Van Cleef & Arpels holds          retailer of diamonds and luxury jewelry. The
1.9% of the brand share is the luxury jewelry market,    company was developed on the idea that it should
putting it right behind Tiffany’s (Euromonitor,          not be hard to choose the perfect engagement ring.
2017).                                                   Now Blue Nile specializes in custom designed
                                                         engagement rings and other diamond jewelry,
                     1.1%                                allowing the consumer to choose exactly what they
                                                         want (Blue Nile, About Us).
Cartier was created in 1847 in France by Louis-
François Cartier (Cartier, about Us). Recently
Cartier has become especially popular for its Cartier
Love bracelets and continues to grow in popularity       Pandora was first created as a jewelry store by
especially amongst social media influencers and          Danish goldsmith Per Enevoldsen and his wife
millennials. As of 2015, Cartier holds 1.1% of           Winnie (The Pandora Story, 2016). In 1989 they
the brand share in the luxury jewelry market             decided to start manufacturing their own jewelry
(Euromonitor, 2017).                                     in Thailand. Currently Pandora is largely known
                                                         for its unique and customizable charm bracelets
                                                         and is sold in more than 70 countries worldwide
                                                         (The Pandora Story, 2016).
                     1.1%
Ralph Lauren was founded in 1967 and is one of
the world’s foremost retailer of apparel, home goods,
accessories, and fragrances (Ralph Lauren, About
Us). They are notable for their Polo Ralph Lauren         Links of London was founded in 1990. It is
line as well as being the parent company for Club        currently an iconic jewelry brand that focuses on
Monaco. Ralph Lauren holds a 1.1% market share           capturing the heart and spirit of London (Links
in the jewelry category (Euromonitor, 2017).             of London, About Us).
                                                                                                              6
IMC Objectives
    MAKE TIFFANY & CO THE #1 RETAILER OF LUXURY JEWELRY IN CANADA
    • We plan to achieve this by taking a minimum of 3.1% market share away from Swarovski to
       overtake them in the #1 position
    INCREASE TOP-OF-MIND AWARENESS
    • Ensure Tiffany is always in the mind of the consumer when in the market to purchase jewelry
    BRING THE BRAND INTO 2017
    • Achieve this by incorporating more technology (XP execution) and pushing online ordering/
       customization
    • Consumer involvement on social media platforms

    Creative Strategy & Tactic Reccomendations
    Our Big Idea: #Redefine: Making Tiffany #1 in Canada
    The #Redefine campaign is based on the idea that people, like the Tiffany brand, are in a state of constant
    evolution. The products are designed to last a lifetime, but the brand, the style, the feel, the people--those
    are always changing, growing, and evolving. The purpose of this campaign is to show that any person, any
    piece of jewelry can be redefined. People are not one-note, and neither is Tiffany. Like a diamond, Tiffa-
    ny customers are multi-faceted. In executing the #Redefine campaign, our goal is to remedy the stagnation
    that has Tiffany placed in the number two spot in Canada for luxury jewelry, rather than number one.
    #Redefine is meant to connect with customers in such a way that they can see themselves reflected in their
    jewelry. Tiffany will be the vehicle through which customers redefine themselves, their relationships, and
    their expressions of love.

    The integrated marketing communications plan for the #Redefine campaign is expansive. This campaign
    will incorporate digital advertising, social media engagement, print advertisements, a special promotion,
    and a major experiential marketing event.
     1. Video, YouTube      Video stories with storytelling slant, showcasing various Tiffany love stories, stories
     an d Television        about what specific piece of jewelry means to a person
     2. Print (magazine)    Print advertisement will be featured in Elle Canada, Flair, and Fashion, all
                            Canadian magazines with the bulk of the readership in our target age bracket.
                            Image design will feature various couples and individuals with the tagline
                            “#Redefine_________” wherein the blank is filled in with an idea like love,
                            yourself, style, etc.
     3. Social Media        This will deal with social media user engagement. Followers of the Tiffany social
     (Instagram,            media pages are invited to share their own story with a picture of them wearing
     Snapchat, Twitter,     their Tiffany jewelry with the hashtag Redefine.
     Facebook, etc.)
     4. Experiential        This will be our major event for the campaign. The event, The Tiffany Diamond
                            Dome, is scheduled for early September in order to coincide with the Toronto
                            International Film Festival (TIFF). This event is an interactive, exclusive, and
                            immersive experience in order to bring Tiffany into the 21st centruy.
     5. Out of Home         We will place TTC ads in subway cars and stations in the months preceeding
                            Christmas to round off the yeaof the #Redfine campaign.

7
Tiffany Diamond Dome
The #Redefine Experience
Inspired by D-grade colourless diamonds, the Tiffany #Redefine Experience is an exclusive, luxurious
experience. This event will take place under a geodesic dome, erected at Yonge and Dundas Square that will
take guests on an immersive journey through Tiffany & Co. By day, the dome will glitter in the sunlight like
a flawless, D-colour, brilliant diamond. By night, we have the ability to create video that will be projected
onto the outside of dome. We envision footage being shown from our online video series, and turning the dome
itself into a diamond at nighttime (utilizing light to mimic the way it refracts through a diamond) to create
a sight to be seen all the way from the top of the CN Tower. Inside, there will be a number of experiential
elements to the dome such as: 3D printing of pre-designed Tiffany jewelry prototypes to take home, an analog
Instagram light table, and a digital graffiti wall encouraging guests to illustrate what they will #Redefine.

Because of the unique elements we intend to offer, this event is going to be by invite-only. We will reach
out to a number of prominent people in the Toronto fashion community, key people from Tiffany Canada,
magazine writers and editors, and Toronto socialites to name a few. To elevate this event, we will seek out
an official champagne sponsor, likely with Moët or Veuve Clicquot, and create a custom finger-food menu
with chef Susur Lee. The #Redefine Experience will run in early-mid September, parallel to the Toronto
International Film Festival. We are choosing this time period in order to capitalize on the additional traffic
brought in by the festival, but also because of the availability to invite celebrities that will likely be in town.
By offering these immersive activities with our #Redefine Experience, we will be able to create a stronger
bond with our target and encourage them to #Redefine their relationship with the brand.

                                                                                                                      8
Media                                                     Television advertisements will be rolled out during
                                                              the same times as the blue box promotion, in May
                                                              and November, as well as the month of January.
    Recommendations                                           These months will help to ramp up brand awareness
                                                              and desire before wedding season, Christmas,
                                                              and Valentine’s Day, which are undeniably the
    The #Redefine campaign will be a year-long                most critical buying periods for Tiffany. These
    campaign in order to capture all the key jewelry          advertisements will take the form of video stories
    occasions: Christmas, Valentine’s Day, wedding            depicting how Tiffany can be used to redefine
    season, graduations, Mother’s Day, etc. Jewelry           some aspect of the subject’s life, whether it be a
    purchasing is not a particularly season-specific          relationship, a self-perception, etc. It is one of
    event; there are occasions in which people buy            the core depictions of the #Redefine campaign. In
    jewelry throughout the year, so it would be more          addition, these ads will be promoted on YouTube on
    effective to extend the scope of the campaign to a        the Tiffany channel throughout the year to maintain
    full year rather than six months so as not to neglect     the presence in that space.
    any other jewelry-related occasions. Each of the
    integrated marketing communications executions are        As we are focused on the Canadian market, our
    strategically scheduled to achieve specific objectives,   print advertising will be placed in Elle Canada,
    as outlined below. These in turn are meant to forward     Flair, and Fashion magazines. These bi-monthly
    the overall objectives of overtaking Swarovski as the     advertisements will serve to complement the video
    number one luxury retailer in Canada through sales,       and social advertisements, while also directing
    and increasing top of mind awareness.                     consumers to the website and social media pages
                                                              and encouraging engagement. The rationale behind
    For Tiffany’s main social media channels, Facebook        these monthly print advertisements is that these
    and Instagram, will open the year by introducing the      magazines are read primarily by our target market
    #Redefine campaign. There will be regular postings        and continues to advance our overall objective of
    encouraging user generated content, engagement,           increasing top of mind awareness.
    and sharing. The objective for this portion is to start
    encouraging brand awareness, which is in keeping          We also plan to place advertisements on the subway
    in line with our overall goal to increase top-of-mind     in November, again to really drive Christmas and
    awareness.                                                early Valentine’s Day sales. Station advertisements
                                                              will be strategically located at Union, Bay, and
    Our promotional offering to have a complimentary          Yorkdale stations in order to place the Tiffany brand
    monogram sleeve on the iconic Tiffany blue box            in consumers’ minds just as they reach areas with
    is scheduled to be valid on online orders only, and       Tiffany locations.
    only during the months of May and November. This
    promotion serves several purposes. Firstly, it will       The major experiential execution of this campaign
    drive Tiffany’s lagging online sales, and secondly        is the Tiffany Diamond Dome event, to take place in
    will encourage sales during two of Tiffany’s busiest      early September. The timing was chosen to coincide
    seasons: the month leading up to wedding season and       with the Toronto International Film Festival. The
    the month before Christmas. Finally, this promotion       aim is to have as many celebrities as possible, and
    will also dramatically increase online engagement.        because this event is exclusive and invite-only,
    The iconic blue box is already a perfect picture to       timing it around TIFF will increase the likelihood
    Tiffany customers, but a blue box with the customer’s     of attendance. More extensive details regarding
    name on it is truly Instagram-worthy, and a keepsake      the Tiffany Diamond Dome event are explained in
    in itself. This goes back to our campaign objective of    a previous section. Additionally, the event will be
    overtaking Swarovski as the the number one luxury         enhanced by using a Snapchat geotag to encourage
    jewelry retailer in Canada.                               online engagement and social media awareness.

9
Campaign Flowchart

10
Budget
                                       MEDIA                          FUNDS ALLOCATED

                     Television                                   $1,500,000
                     Print                                        $60,000
                     TTC Super Interior                           $4000
                     Instagram                                    $10,000
                     Snapchat (geotag for #Redefine Experience)   $1500
                     Faceboook                                    $10,000
                     Redefine Experience                          $1,500,000
                     Personalized Box Promo                       $100,000
                     YouTube Content                              $250,000
                                                                  TOTAL: $3,435,500

     The largest piece of our budget will go towards          We plan to run these spots in May, November, and
     executing our #Redefine Experience event. In             January: the months before peak wedding season,
     order to bring in the dome, the interactive elements,    Christmas, and Valentine’s Day respectively. The
     food, drink, and other necessities, we estimate this     rest of the funds will be assigned to print ads in
     event will require approximately $1.5 million. We        magazines like Flare, Elle Canada, and Fashion,
     understand that this is quite a sizeable piece of the    where they will run every other month in a puls-
     budget, however this event will serve as Tiffany’s       ing pattern to give the illusion that Tiffany has a
     coming out party to the 21st century. Additionally,      constant presence. We have budgeted $10,000 to
     the other media executions we are recommending           the production of content for both Facebook and
     are not nearly as costly, leaving us with a healthy      Instagram, with $250,000 reserved for the creation
     portion of the budget leftover to allocate for other     of content for our YouTube channel. To help drive
     methods. To encourage interaction on Snapchat,           online sales, we plan to run a personalized box pro-
     we will establish 2 geotags for the #Redefine            motion, to be offered with an online purchase in the
     Experience: one in the Yonge-Dundas area where           months leading to Christmas, Valentine’s Day, and
     the event will be held, and another in the area of       Mother’s Day. For this, we have budgeted $100,000
     the Bloor St store (Appendix 2). These will be           as we intend to utilize box sleeves allowing for cus-
     designed in a way that will encourage sharing, but       tomization, but also not tampering with the clas-
     also help to drive traffic between the two locations.    sic Tiffany box for those customers who would like
     Based on Snapchat’s estimates and the current            the best of both. With the funds leftover, we have
     exchange rate from USD to CAD, the cost to offer         some room should we need to inject more cash into
     these tags will be about $1500 for the day of the        certain executions like the #Redefine Experience,
     event. In September, to coincide with TIFF and our       to create a permanent Snapchat filter at the Bloor
     #Redefine Experience, we plan to execute a subway        St W store, or extending/permanently offering the
     super-interior takeover on the Yonge-University          customized box sleeve.
     line; we estimate this will cost $4000. An equal
     amount of funds to the #Redefine Experience will
     be allocated to television spots.

11
Graphic Treatment
These are some examples of possible ads to run in the subway, as well as an example of what they
would look like in a subway car.

                                                                                                   12
Snapchat contact and geofilter.

     Print ad examples

13
Social media post examples

                             14
Conclusion                                               The #Redefine campaign is extremely expansive
                                                              and will be applied to a few different IMC
                                                              initiatives, all strategically planned to air/run
     To conclude, our plan starts with expanding the          during certain months of the year. Because gift-
     age group of Tiffany’s target market from ages 35-       buyers are such a large part of Tiffany’s target
     50, to ages 20-50. This will allow us to continue to     segment, optimizing our initiatives will be achieved
     target Tiffany’s current customers, while growing        through perfectly timing the release of each and
     Tiffany’s market to acquire a larger consumer base.      every one. These initiatives include print, social
     The objectives of this are to one, take more market      media, experiential, and other special promotions.
     share from other brands in order to take Swarovski’s     Our major experiential event, also planned to
     number one place in Canada. The second objective         take place in September in order to coincide with
     is to revitalize Tiffany as a brand, in order to bring   the Toronto International Film Festival, will
     back it’s top of mind awareness.                         serve to re-introduce Tiffany in 2017. This event
                                                              will be huge in reinstilling the luxury, and class
     A strategy in achieving this objective circles back to   of Tiffany as a brand. The media and attention
     the widening of Tiffany’s target market. Our IMC         received through this event will be one more way to
     initiatives will be focused towards the younger end      redefine the brand, while being sure to stay true to
     of our target market, 20-35 year olds. Introducing       the authenticity and history of Tiffany.
     Tiffany in 2017 will, through our strategies and
     tactics, refresh the brand while still catering to the   In the future, Tiffany should continue to redefine
     needs and wants of the classic Tiffany customer.         who they are in order to stay current and relevant in a
     The #Redefine campaign is the best way to get the        constantly evolving world. While doing so, Tiffany
     job done for our client because it is the perfect way    should still remain true to who they are as a brand,
     to communicate our strategy in revitalizing the          and what they have represented and demonstrated
     brand, in a way that is powerful and influential to      throughout history. Keeping within the essence of
     the consumer.                                            the brand while staying in top-of-mind awareness
                                                              of consumers will keep Tiffany as the iconic brand
     Although Tiffany’s products are designed to last a       that they have always been. Therefore, staying
     lifetime, the people wearing them are constantly         more present on social media and adopting more
     changing. The idea of growing and evolving is            current and progressive IMC strategies will serve to
     therefore a common idea, relatable both to Tiffany       bring the brand to the number one spot in Canada,
     as a brand and their consumer. The #Redefine             over-taking Swarovski’s current position.
     campaign is hence the perfect way to create a
     connection between the brand, and their target
     audience. The idea of redefining your own style, or
     constantly keeping up with the times and evolving
     is an idea that is pertinent to not only people, but
     brands as well. The #Redefine campaign is therefore
     meant to connect with customers in a way where they
     can see themselves, and their own personal growth
     and evolution, reflected in the Tiffany brand. The
     campaign is the perfect means through which
     customers can redefine themselves, their own style,
     relationships, and declarations of love.

15
Appendix 1
                          Brand Shares in Luxury Jewellery 2015

                                                              Swarovski, 7.2, 7%

                                                                                   Tiffany & Co, 4.2, 4%

                                                                                          Van Cleef & Arpels, 1.9, 2%
                                                                                            Cartier, 1.1, 1%
                                                                                              Ralph Lauren, 1.1, 1%

                 Other, 84.5, 85%

             Swarovski    Tiffany & Co   Van Cleef & Arpels      Cartier    Ralph Lauren         Other

Brand Shares in Luxury Jewellery 2015
Swarovski				7.2
Tiffany & Co				4.2
Van Cleef & Arpels			               1.9
Cartier					1.1
Ralph Lauren				1.1
Other					84.5
Total					100

Top 5 Total % of Brand shares       15.5

                                                                                                                        16
Appendix 2

17
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