Difference between revisions of "Uncovering Market-Insights for Charles & Keith: Project Objectives"

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[[Image:AYEAboutCK.jpg|900px|center|About Sponsor]]
 
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CHARLES & KEITH GROUP was co-founded by siblings Charles and Keith Wong. The CHARLES & KEITH GROUP consists of brands namely Charles and Keith, Charles and Keith Signature Label and Pedro. For the scope of the project, we will be <b> focusing on the brand Charles and Keith (C&K) in the China Market</b>. C&K produces an innovative footwear line that focuses on clear design aesthetic in order to cater to the preferences of the modern women. The company is renowned to be one of the prominent fast-fashion lifestyle retailers due to its strong following.  
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Through the application of data analytics, this project aims to discover market-insights for the company. We hope to drill in the business’ past performance in China, from a regional and store level and identify top-performing stores and examine the buying preferences of consumers in the Mainland China market, in terms of stores’ characteristics, product categories and colours. Based on the insights gathered, we would like to provide recommendations on how C&K may apply them to its business to positively affect consumer buying decisions and capture more market share in China.  
  
Currently, C&K has expanded its product range and diversified into different product categories. The products range from ladies footwear, in house designers bags to accessories, such as belts, sunglasses, bracelets and tech accessories. Impressive international presence on the global front can be attributed to its successful venture into prominent shopping districts in Tokyo, Seoul, Kuala Lumpur, Shanghai, Cairo, Dubai (Charles & Keith Brand Profile, n.d.).
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The key objectives involves:
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To obtain a clear understanding of C&K’s overall business outlook in China by providing visualisations on crucial business aspects using Exploratory Data Analysis
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To provide a different way to cluster stores based on consumer purchasing patterns within Mainland China using K-Means Clustering
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To identify product association rules to support possible business decisions (e.g expansion, production, product design decisions using Market Basket Analysis
  
  
 
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Revision as of 16:17, 17 April 2016

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MOTIVATION

ABOUT C&K

OBJECTIVES

ABOUT US

About Sponsor

Through the application of data analytics, this project aims to discover market-insights for the company. We hope to drill in the business’ past performance in China, from a regional and store level and identify top-performing stores and examine the buying preferences of consumers in the Mainland China market, in terms of stores’ characteristics, product categories and colours. Based on the insights gathered, we would like to provide recommendations on how C&K may apply them to its business to positively affect consumer buying decisions and capture more market share in China.

The key objectives involves:

  • Bulleted list item

To obtain a clear understanding of C&K’s overall business outlook in China by providing visualisations on crucial business aspects using Exploratory Data Analysis

  • Bulleted list item

To provide a different way to cluster stores based on consumer purchasing patterns within Mainland China using K-Means Clustering

  • Bulleted list item

To identify product association rules to support possible business decisions (e.g expansion, production, product design decisions using Market Basket Analysis