INTRODUCTION OF SWATCH MARKETING :-Central to the marketing strategy of the swatch watch is the notion of the watch as a fashion accessory.This is a novel approach in that it is typically used as a selling point for gold and diamond studded watches at the higher end of the market.Swatch on the other hand describes its target market as "fashion-oriented12-to-24 year olds."One trend that worked in swatch's favor from the start is that,during the period 1976-1986, more and more people boughtwatches. No longer was the watch primarily a gift item and no longer was it only the rich who owned more than one. In 1976,240 watches per 1,000 inhabitants were sold in America.Ten years later the fingure was 425 watches per 1,000 inhabitants.About 90% of sales were composed of inexpensive electronic watches of various styles and brands.Of course,swatch never would have been able to take advantage of this trend without a sound marketing strategy.According to Imgruth his company's strategy is divided into three elements:(1)Design,(2) Distribution,and (3)production.
(1) DESIGN OF SWATCH MARKETING :--
An essential feature of the fashion oriented approach is a constant variety of product lines whose designs suit seasonal fashions. According to Imgruth the company has a clear product concept based on four directions: young and trendy,active and sporty,cool and clean high style,and classic. These four lines are available at all times. There are 12 small-faced models and 12 larger ones.