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/INSIGHT:
Throughout the past 10 weeks, thorough research has been conducted based on primary and secondary research. Which includes analyzing Gentle Monster and the Hong Kong market, possible locations for the pop-up, assortment plan. Also, coming up with the store design and how to promote this pop up.
Gentle Monster is a high-end Korean eye wear brand from South Korea. The brand itself is strong in media presence and already has retail presence in Hong Kong with two flagship stores, stockists, and on online platforms. This pop up will be held under the time span of two weeks from 9 to 24 December. Whereas, the objectives of the pop up are to translate brand essence in experiential way, to drive traffic to flagship store, to raise aware- ness how Gentle Monster differ from other eyewear brands, to entice customers to make purchase at the end, and to turn customer into loyal ones.
Sales of Hong Kong eye wear market as of 2019 reaches 4,029 million HKD. In order to cater to Hong Kong market and establish a unique image, for this pop-up, the more special and quirky designs including Collection 13 and Collaboration products will be showcase.
Mainly targeting millennials within 18-36 years old. In association to that, the pop-up store will be held at K11 Musea, a new destination mall that target millennials, offering high-end experiential retail, art, cultural and dining destination.
In order for the public to be aware of the pop-up event and generate hype, various form of promotion will be undertaken. Including; Press release will be send out to media press and sites, building awareness through social media platforms and influencers, and also other forms of screen advertisements. The pop-up is strategically planned where consumers will be guided from start to end, the pop-up doesn’t sell products, but focus on creating experience that include insta-worthy places worth for visitors to post about.
The pop-up shop is estimated to cost $104,225 hkd, for two weeks period of time, in which is worth to invest in to gain better recognition, customers and differentiate Gentle Monster in the eye wear market.