Holly Binks Personal Professional Project - Skims x Lululemon 1

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EXECUTIVESUMMARY

Thisresearchprojectwillproposetoevaluateandidentifythekeyprimaryinfluences drivingthecurrentrisingdemandpresentintheUKWomenswearAthleisureApparel Markettoeffectivelyproposeanddeveloparelevant,valuableandprofitablebrand collaborationstrategyforSKIMStoenablethepremiumshapewearandloungewear retailertocapitaliseuponthisrisingdemanditisyettoleverage.

Applyingexistingmarketknowledge,keytheoreticalconceptsandattainedfirst-hand consumerinsightsfromaconsumersurveyof100respondentsandaconsumerfocus groupofGenerationZfemaleconsumers,thekeyprimaryinfluencesdrivingconsumer demandforathleisureapparelintheUKmarketpostpandemicwillbeevaluatedtoseekto informhowfashionmarketplayerscansuccessfullyleveragethisrisingdemand Underpinninghowfashionbrandcollaborationscanbeeffectivelyutilisedtoenablea brandtoseekprofitablegrowthinanewmarketwhilstconsideringtheimportanceof brandidentitywhenproposinganappropriateandsuccessfulfashionbrandcollaboration, thedevelopmentofaninnovativeandcompellingbrandcollaborationbetweenSkimsand premiumathleisureretailerLululemonthatleverageseachbrand’sestablishedreachand successwillbeproposedthatendeavourstorepositionSkimsinthepremiumathleisure markettocapitaliseuponthisgrowingconsumerdemand.

ACKNOWLEDGEMENTS

IwouldliketoexpressmysincereappreciationtomymoduleleaderandpersonaltutorDr KatrinFranke,who’sunwaveringsupportthroughoutmyfinalyearofstudiesatTheFashion RetailAcademywillnevergounnoticed.

Iwouldliketoconveymydeepestgratitudetomyamazingmumanddad.Withoutyour continuoussupport,guidanceandcareIwouldn’tbewhereIamtoday.Thankyoufor alwaysbelievinginme,IhopeIwillcontinuetoforevermakeyoubothproud.

IwouldalsoliketoconveymysincereappreciationtomyfriendAmy Iwillalwaysbe gratefultohavemetthekind,puresoulthatyouare Thankyouforalwaysbelievinginme

Iwouldfinallyliketoexpressawarmacknowledgementto20-year-oldmewhofeltsolost intheworldandhadnoideawhathernextstepshouldbe BecauseofyouIwillcontinueto rememberthateverythingwillalwaysworkoutthewayitismeantto,andIwillcontinueto alwaysfollowmyheart.

CONTENTS

ChapterOne-Introduction

ChapterTwo-LiteratureReview

ChapterThree-Methodology

ChapterFour-

4.1BrandAnalysis

4.2CurrentTargetAudience

4.3MarketAnalysis

4.4BrandExtensionStrategy

4.5MarketingPlan

ChapterFive-Conclusion

References

Appendices

LISTOFFIGURES

Appendices

CHAPTERONE

Introduction

INTRODUCTION

Thischapterwillproposetohighlighttherelevanceofdevelopingabrandcollaborationfor SKIMSthatenablesthepremiumshapewearandloungewearretailertocapitaliseupon therisingdemandcurrentlypresentintheUKWomenswearAthleisureApparelMarketitis yettoleverage.Providinganoverviewoftheresearchbackgroundfortheproposed researchproject,theoverallresearchproblemandthusitscorrespondingresearch questionandobjectiveswillbeidentified,whilstthescopeofthisstudyanditsoverall significanceandcontributionstoknowledgewillbehighlighted.

1.1ResearchBackground

Aportmanteauoftheterms‘athletic’and‘leisure’(Lipsonetal.2020),athleisureapparel canbedefinedasacasualstyleofclothingthatintegratesthefunctionalityofsportswear withtheaestheticattributesofcasualfashion(Pereraetal.2023)designedtobewornfor bothathleticandgeneralleisureactivities(Rhone2014).

Firstgainingtractioninthemid-2010s(Chen2023)beforerisingtoprominencepost pandemic,theathleisureapparelmarkethasshowcasedasignificantincreaseindemand since2020(Finamore2023)amidchangingconsumerlifestylesandpreferences Evidencinghighprofitablegrowthprojectedtosurpassthegrowthindemandofallother UKcategoriesofcasualapparelintheupcomingyears(Pereraetal 2023)reachingan approximatevalueofUS$36,1354mby2030andgrowingataprojectedCAGRof89% between2025and2030(GrandViewResearch2025),theincreasingpopularityof athleisureapparelhascreatedalucrativemarketsegment(Niedzwiedz2024).Asmany brandscontinuetocapitaliseuponthishighgrowthmarketdemandparticularlydrivenby theGenerationZandMillennialfemaleaudience(Gwyther2025),diversifyingintothisnew categorytoleverageitsprofitableprojectedgrowthhashighlightedanevidentlyvaluable opportunityfornewandexistingmarketplayersintheUKWomenswearMarkettoleverage thisgrowingdemandasevidencedbymarketplayersincludingLululemon,Talaand Adanola(Weston2025).

1.2ResearchProblem

AppropriatelyapplyingtheoriesofconsumerbehaviourinregardtoTheSociologicalModel (Nair2009:3-198)andtheimpactofexternalenvironmentalfactorsasacoreexternal drivingforceonconsumerbehaviouranddemand(Khan2006:3-189),thefollowing researchstudywillunderpinthekeyprimaryinfluencesdrivingthisgrowingdemandinthe UKWomenswearAthleisureApparelMarkettoproposethedevelopmentofabrand collaborationforSKIMStoenabletheretailertocapitaliseuponthisrisingmarketdemand ithasyettoleverage

Tostrategicallyinformtheutilisationofthisgrowthstrategyofdiversification(Strong2014: 13-8),anunderstandingoftheAnsoffGrowthMatrixwillbeappliedtoinvestigatehow brandcollaborationscanbeeffectivelyutilisedtoenableabrandtoseekprofitablegrowth inanewmarketinordertodevelopabrandcollaborationstrategythatenablesSKIMSto offeranewproductlineinanalternativemarkettoseekprofitablegrowthatalowercostof investmentandimposedrisk(EurasianResearchInstitute2024).Furtherinformedbythe keyprimaryinfluencesidentifiedindrivingtherisingdemandinthemarket,the importanceofconsideringbrandidentityasakeydeterminantinthesuccessorfailureof abrandextension(Viot2011)willbeunderpinnedinreferencetoKapferer’sBrandIdentity Prism(Kapferer2009)toanalysetheimportanceofensuringsynergyintheproposed brandcollaboration(MichelandWilling2020:201-17)betweenSKIMSandthechosen collaboratingbrandpartnerLululemon

1.3ResearchQuestion

WhatarethePrimaryInfluencesDrivingDemandintheUKWomenswearAthleisure ApparelMarket,andHowCanPremiumShapewearandLoungewearRetailerSKIMS LeveragethisGrowingConsumerDemand?

Thepurposeofthisresearchstudyistothusevaluateandidentifythekeyprimary influencesdrivingthecurrentrisingdemandpresentintheUKWomenswearAthleisure ApparelMarkettoeffectivelyproposeanddeveloparelevant,valuableandprofitable brandcollaborationstrategyforSKIMStoenablethepremiumshapewearandloungewear retailertocapitaliseuponthisrisingdemanditisyettoleverage

1.4ResearchObjectives

Theresearchconductedandtheinsightsattainedfromthisstudywillthereforeremain centredsurroundingthefollowingresearchobjectivestothusprovidevaluableinsights thatmeettheproposedresearchquestion.

1.Toevaluatethekeyprimaryinfluencesdrivingconsumerdemandforwomenswear athleisureapparelintheUKmarketpostpandemictothusinformhowfashionmarket playerscansuccessfullyleveragethisrisingdemand

2 Toanalysehowfashionbrandcollaborationscanbeeffectivelyutilisedtoenablea brandtoseekprofitablegrowthinanewmarkettothusenhancebrandvalue,employing relevanttheoriesandmodelsaccordingly.

3.Toidentifytheimportanceofunderstandingabrand’sidentitywhenproposingan appropriateandsuccessfulfashionbrandcollaboration,employingrelevanttheoriesand modelsaccordinglyandtranslatingthisanalysistodevelopabrandcollaborationfor premiumshapewearandloungewearretailerSKIMS.

4.Toproposeanddevelopaninnovative,compellingbrandcollaborationbetween premiumshapewearandloungewearretailerSKIMSandpremiumathleisureretailer lululemon,leveragingeachbrand’sestablishedreachandsuccesswhilsteffectively mergingtheircomplimentaryidentitiestorepositionSKIM’smarketpositioninthe premiumathleisuremarketthroughleveragingthisevidentlygrowingconsumerdemand

1.5ScopeofStudy

Thepurposeofthisresearchstudywillremaincentredsurroundingthedevelopmentofa relevant,valuableandprofitablebrandcollaborationstrategyforSKIMSinformedbythe marketinsightsattainedaskeydriversintheriseindemandintheUKWomenswear AthleisureApparelMarket,andtheabilitytoleveragefashionbrandcollaborationstoseek profitablegrowthinanewmarkettoenhancebrandvalue.Existingknowledgeand marketingmodelswillbereviewedandappliedaccordingly,whilstrelevantprimary researchwillbeundertakentoprovidefurtherscopeandinsightsthatseektoreachthe proposedresearchquestionandobjectives

Thelimitationsofthisstudyconcernedwiththeboundariesimposedtoensurethe proposedresearchquestionandcorrespondingresearchobjectivesremainattainable (TheofanidisandFountouki2018)canbehighlighted.Whilsttheresearchproposalto identifythekeyprimaryinfluencesdrivingdemandintheUKWomenswearAthleisure MarketwillremainlimitedtotheUKonly,thedevelopmentofabrandcollaboration betweenSKIMSandLululemonwillsimilarlyseektoremainrelevantandtailoredsolelyto theUKmarketandtheGenerationZfemalemarketconsumeraudience.

1.6ContributionstoKnowledge

Theintendedsignificanceofthisresearchstudyistocontributetoexistingmarket knowledgesurroundingtheevidentsurgeindemandforathleisureapparelpost pandemic,identifyingthekeyprimaryinfluencesdrivingthisdemandinreferenceto consumerbehaviour(Khan2006:3-189).Seekingfirsthandinsightsfromrealconsumers tobridgekeytheoreticalknowledgewithreal-worldapplications,thisstudywillseekto contributetotheexistingunderstandingsurroundingtheopportunitytoleveragebrand collaborationstoenableabrandtoseekprofitablegrowthinanewmarket(Eurasian ResearchInstitute2024)informedbytheimportanceofconsideringbrandidentityasakey determinantoftheirsuccessorfailure(Viot2011).

Thefindingsfromthisresearchstudywillsimilarlyseektoofferastrongcontributionto marketingprofessionalsandUKfashionmarketplayersendeavouringtoutilisebrand collaborationsintheirbusinessgrowthstrategiesandseekingtosimilarlycapitaliseupon thisgrowingdemandpresentintheUKWomenswearAthleisureApparelMarket,servinga valuableunderstandingoftheimportanceofconsideringbrandidentityaskey determinantinthesuccessorfailureofabrandextensionandacomprehensive evaluationofthekeyinfluencesdrivingthisevidentmarketdemand.Furthermore,the findingsfromthisresearchstudywillofferastrongcontributiontopremiumshapewear andloungewearretailerSKIMS,servingasanactionablerecommendationtoenablethe retailertocapitaliseuponthisprofitablehighgrowthmarketitisyettoleverage.

LITERATUREREVIEW

2.1TheUKAthleisureApparelMarket

Risingtoprominencepostpandemicamidchangingconsumerlifestylesandpreferences, theUKAthleisureApparelMarkethasshowcasedasignificantincreaseindemandin recentyearsprojectedtoreachanapproximatevalueofUS$36,135.4mby2030and growingataCAGRof89%between2025and2030(GrandViewResearch2025b) Blurring thelinesbetweenathleticandeverydaycasualweartheincreasingpopularityamongst UKconsumersforathleisureapparelhascreatedalucrativemarketsegment(Niedzwiedz 2024)particularlyamongstthecategoryofpremiumathleisureapparelwear(GrandView Research2025a),withtheincreasingriseindemandparticularlycontributedtobythe GenerationZandMillennialfemaleaudience(Gwyther2025).

Diversifyingintothisemergingcategorytoleverageitsprofitableprojectedgrowthhas highlightedanevidentlyvaluableopportunityforfashionmarketplayersintheUK WomenswearMarkettothuscapitaliseuponthishighgrowthmarketinordertocaterto thechanginglifestylesandpreferencesoftheUKGenerationZandMillennialfemale audiencesassuccessfullyadoptedbykeymarketplayersincludingLululemon,Talaand Adanola(Weston2025).Inordertoseektofurtherunderstandtheexternalmarket environmentdrivingthisevidentsurgeindemandintheUKAthleisureApparelMarket,key primaryinfluencesdrivingconsumerdemandforwomenswearathleisureapparelinthe UKmarketpostpandemichavebeenidentified

Oneexternalmarketfactorrecognisedasacorecontributortotheriseindemandfor athleisureapparelpostpandemicistheriseinhybridworking,analternativeworkingstyle implementedacrosstheUKduringtheCovid-19pandemic(GlobalData2022)definedasa styleofworkingwherebyanemployeeswitchesbetweentraditionalandnon-traditional workmodesthroughinterchangeableworklocationsthatusuallyconsistofworkingboth fromhomeandfromoffice(LauringandJonasson2025).Whilstjust6%ofUKworkers utilisedhybridworkingpre-pandemic(Bartosiaketal.2024),over50%wereestimatedto haveadoptedhybridworkinglifestylespostpandemicby2023(Mintel2023)generatinga surgeindemandforlessprofessionalworkattire(Rotblut2023)withconsumersintuitively changingtraditionalformalofficewearforcomfortablestylessuitabletobewornforhome working(Pereraetal 2023) Ashybridworkingremainsasapermanentfixtureinthe lifestylesofmanyconsumerspostpandemic(Finamore2023)withmanycompanies acrosstheUKcontinuingtoinvestinhybridworkingmodelsstronglyfavouredamongstUK workersduetotheirhighflexibility(Rees2022),theacceptanceofcomfortable,casual stylesinpreviouslymoreformalcontexts(McKinsey&Company2021)hasrisen.As consumerscontinuetoseekworkfromhomeattirethatembodiesbothcomfortand flexibility(Bartosiaketal.2024),consumershavecontinuedtoincreasinglyfavour athleisurestylesthatofferthismultifunctionalityforbothworkandcasualsocialsettings (GlobalData2022).Theevidentriseinhybridworkingpostpandemiccanthereforebe evaluatedasakeyprimaryinfluencedrivingtheevidentgrowthindemandfor

womenswearathleisureapparelintheUKmarket,asconsumerscontinuetoseek athleisurestylesthatoffermultifunctionalityforbothworkandcasualsocialsettings (GlobalData2022)astheycontinuetoadopthybridworkinglifestyles.

Anotherexternalmarketfactorregardedasakeycontributortotheriseindemandfor athleisureapparelpostpandemicaresocialmediainducedwellnessandfitnesstrends includingthe‘Fitspiration’movement(Cataldoetal 2021)andtheriseofthe‘PinkPilates Princess’consumer(Maguire2024) Amidexerciseandfitnessroutinesbecoming increasingprioritiesinthelivesofmanyconsumersinrecentyears(McDonnell2021)a growingsocialmediahypeforyogaandPilateshascontinuedtocontributetoarisein marketdemandforathleisureapparel(Saggese2024).WithPilatesclassbookings evidencinganincreaseindemandof92%in2023aloneamidrisingconsumerpreferences forembracingsocialwellness(Ventura2025)the‘PinkPilatesPrincess’consumerhas emerged,asocialmediainducedconsumerpersonathatrosefromTikTokin2023 denotingacategoryoffemaleconsumerswillingtoinvestinathleisure,wellnessand beautythattheyendeavourtothenshareonline(Maguire2024).Whilstsocialmedia inducedtrendshaveemergednewconsumercategoriesseekingathleisureapparel, furtherfitnessandwellnesstrendshavesimilarlyheightenedtheriseindemandinthe marketasexerciseandfitnesshavebecomeanincreasingpriorityinthelivesof consumerspostpandemic(McDonnell2021) Aportmanteauof‘fitness’and‘inspiration’, the‘fitspiration’movementhassimilarlyrisentoprominencepostpandemicacrosstop socialmediaplatforms(Cataldoetal 2021),asocialmediatrendwhichencouragesusers toupload,shareandcommentonmediashowcasingavery‘fit’body Inducedbyfitness influencersandtheriseinappealforfitnessandwellnesscontent(McDonnell2021)the ‘fitspiration’movementhassimilarlycontributedtotheheightenedriseindemandinthe market,encouragingconsumptionofathleisureapparelasconsumershavecontinuedto tapintothisemergingsocialmediatrend.Theevidentriseinsocialmediainduced wellnessandfitnesstrendspostpandemiccanthereforebeevaluatedasakeyprimary influencedrivingtheevidentgrowthindemandforwomenswearathleisureapparelinthe UKmarket,emergingnewconsumerpersonasandencouragingtheconsumptionof athleisureapparelasconsumersincreasinglyingestthesefitnessandwellnesssocial mediainducedtrends

Furtherstemmingfromtheinfluenceofsocialmediainducedwellnessandfitnesstrends asakeycontributortotheriseindemandintheUKAthleisureApparelMarket,another externalmarketfactorregardedasakeycontributortothisriseindemandcanbe highlightedasshiftsinyouthcultureamongsttheGenerationZconsumeraudiencepost pandemicsuchasthe‘sobercurious’movement.AsalargeproportionofGenerationZ evidentlychosetostayathomeinsteadofseekingtogoingoutin2022postthepandemic amidrisingcosts,newrelationshipsandhabitsregardingalcoholconsumption,andanew disinterestinnightlifeasaresultofadoptingmoresoberlifestylesduringthepandemic (Saggese2023),the‘sobercurious’movementwasseentoemergedefinedasalifestyle shiftinyouthcultureamongsttheGenerationZconsumeraudienceamidthesechanging interactionsandrelationshipswithalcoholconsumption(Roberts2024).Motivatedby changingwellbeingandmindfulnessgoals(Mintel2025b)andsimilarlydrivenbysocial

mediainducedtrendssurroundingthede-normalisationofdrinkingandreshapingthe ideaofa‘goodnightout’(Carnegie2022),demandforathleisureapparelamongstthe GenerationZaudienceamidthesechangingconsumerlifestylehabitsandpreferences hasthusbeenencouragedasGenerationZcontinuetooptforsobersocialisingseeking athleisurestylesthatresonatewiththesechanginghabitsthroughtheirofferingsof comfort,flexibilityandfunctionality(Bartosiaketal 2024)(GlobalData2022) Heightened bytheuniquesociallandscapepostpandemic(Carnegie2022),thisevidentshiftinyouth culturepostpandemiccanthereforebeevaluatedasakeyprimaryinfluencedrivingthe evidentgrowthindemandforwomenswearathleisureapparelintheUKmarket,asthe GenerationZaudiencehavecontinuedtoadoptchangingconsumerlifestylesand preferencespostpandemicseekingathleisurestylesthatresonatewiththeir‘sober curious’lifestyles.

2.2ConsumerBehaviour

Tounderstandthecorrelationbetweenthekeyprimaryinfluencesidentifiedregardingthe changinglifestylesandpreferencesofconsumerspostpandemicandtheevidentrisein demandinthemarket,anunderstandingofconsumerbehaviourcanbeappliedinregard totheimpactofexternalenvironmentalinfluencesonconsumerdemandandtheroleof societyoutlinedinTheSociologicalModel(Pereraetal 2023) Arguedbytheoristsasacore drivingforceofmarketdemand(Liu2024),consumerbehaviourcanbedefinedasthe decision-makingprocessandphysicalactivitiesinvolvedinaconsumeracquiring, evaluating,usinganddisposingofgoodsandservices(Khan2006:3-189)separatedinto threeconceptualdomainsofexternalinfluences,internalprocessesandpost-decision processes(Hayden2018:10-39).Whenapplyingtheoriesofconsumerbehaviourtoseekto understandtheevidentrelationshipbetweenthekeyexternalmarketinfluencesidentified andtheirdirectinfluenceontheriseindemandintheUKAthleisureApparelmarket,the changinglifestylesandpreferencesofconsumersidentifiedaskeyprimaryinfluences drivingthesurgeindemandinthemarketcanthusbeidentifiedastheseexternal influencesdrivingthischangeinconsumerbehaviour(Khan2006:3-189).

Anunderstandingofconsumerbehaviourandtheimpactofexternalenvironmental influencesondemandhavefurtherbeentheorisedinTheSociologicalModel(Jisana2014), atraditionalmodelofconsumerbehaviourwhichtheorisesthataconsumer’sbuying behaviourisdirectlyaffectedbyitssocietyandthegroupswithinitthatitbelongsto(Khan 2006:3-189) Tofurtherseektounderstandtheevidentrelationshipbetweenthekey externalmarketinfluencesidentifiedandtheirdirectinfluenceontheriseindemandinthe UKAthleisureApparelmarket,theinfluencesofthechanginglifestylesandpreferencesof consumersasasocietypostpandemiccanthusbeidentifiedastheseexternalinfluences drivingthischangeinconsumerbehaviour(Nair2009:3-198)astheycontinuetodirectly influencemarketperformanceandthuscontinuetodrivetheevidentriseindemandinthe market(Liu2024).

2.3BrandCollaborations

Definedasaproduct,collectionorbrandemergingfromanalliancebetweenan establishedbrandandanotherbrandentitytofacilitatethecreationofsomethingnew (CopeandMaloney2018:72-93),abrandcollaborationisanexampleofabrandextension strategywhichreferstotheextensionofanestablished,well-knownbrandintoanew categoryormarket(Pengetal.2023).Whilstexistingresearchhasunderpinnedthatitis significantlyeasiertoattracttheattentionofconsumersbyassociatinganewproductwith atrustedandestablishedbrandname(Nair2009:3-198),brandcollaborationshave remainedasapopulargrowthstrategyforbusinessexpansionatamuchlowerriskof potentialfailure(Pengetal 2023)whilstincurringthebusinesswithlowerrequired investmentcosts(Baisya2013:129-62) Implementedbybrandstocapitaliseupontheir abilitytoprofitablyfuelbusinessgrowthandshareholdervalue(Baisya2013:129-62)brand collaborationscanbeeffectivelyleveragedtofacilitateabrand’sexpansionintoan alternativemarket(EurasianResearchInstitute2024),enablingabrandtoleveragethe establishedbrandequityofanexistingbrandinthatnewmarketwhilstenablingboth brandpartnerstoleverageeachother’sestablishedcustomerbase(UgglaandÅsberg 2010).

Despiteenablingabrandtofavourablyseekprofitablebusinessexpansionatalower investmentcostandpotentialriskoffailure(Pengetal.2023),toensurebrand collaborationscanbeleveragedsuccessfullyanunderstandingofthekeyvariablesthat influenceconsumerperceptionssurroundingtheacceptabilityofbrandcollaborations mustbeconsideredbymarketersandbusinessesintheircreationinordertoefficiently developbrandcollaborationstrategiesthatarefavourablyingestedbyconsumers(Hem etal 2012) Whilsttheselectionofanappropriateandrelevantbrandpartneriscriticalto thecreationofasuccessfulbrandcollaboration(Baisya2013:129-62),theestablished reputationoftheparentbrandissimilarlyregardedasacrucialfactorinfluencingthe likelihoodofacquiredcollaborationsuccess(Hemetal.2012).Similarly,theperceived complementaritybetweenbothpartners(Hemetal.2012)aswellasthedegreeof perceivedbrandqualityandthetransferabilityofknow-howfromthecategoryofthe parentbrandintothenewmarket(Baisya2013:129-62)mustalsobeconsideredaskey variablesinfluencingthepotentialsuccessofabrandcollaborationtoensuretherisksof collaborationfailureremainmitigated(EurasianResearchInstitute2024).

2.4TheAnsoffGrowthMatrix

Tofurtherunderstandtheabilityofemployingbrandcollaborationsasastrategyof businessgrowth,theAnsoffGrowthMatrixcanbeapplied(Hanlon2021).Agrowthmatrix whichdeterminestheappropriategrowthstrategyabusinessshouldutiliseinorderto seekprofitablegrowth(Strong2014:13-8),asoutlinedinthemodeltheAnsoffGrowthMatrix assumesthananincreaseinsalescanbegeneratedbyabusinessbyeitherincreasingits salesofanexistingproductinanewmarket,introducinganewproductinanexisting market,encouraginggreaterconsumptionofanexistingproductwithinanexistingmarket, ordiversifyingintoanewmarketwithanewproduct(Hanlon2021) Asreferencedinthe matrix,abrandcollaborationstrategycanbeunderstoodasagrowthstrategyof diversificationenablingabusinesstoenteranewmarketwithanewproduct(Strong2014: 13-8).

AsidentifiedbytheAnsoffGrowthMatrixasastrategyofdiversificationenablinga businesstoexpandintoanewmarketwithanewproduct(Hanlon2021),brand collaborationscanthusbehighlightedasagrowthstrategythatcanbeleveragedto enableabrandtocapitaliseuponahighprojectedgrowthmarketitisyettoexpandinto suchastherisingdemandoftheUKAthleisureApparelMarket.Enablingabrandto leveragethebrandequityandcustomerbaseofanotherexistingbrandinanewmarket (UgglaandÅsberg2010)tostrengthenitsdurabilityandflexibilityinthatnewmarket (EurasianResearchInstitute2024),employingabrandcollaborationstrategycanenablea brandtothuscapitaliseuponanewhighgrowthmarketwithoutincurringtheentirecostof investmentandriskofexpansiontothusseekrapidbusinessgrowthandmarket competitivenessinitshomemarket(EurasianResearchInstitute2024)

2.5BrandIdentityandKapferer’sBrandIdentityPrism

Regardedasanimportanttoolofbrandmanagement(MichelandWilling2020:60-2), brandidentitycanbedefinedashowabrandseekstoidentifyitselfthroughconveyingits individualityanddistinctivenesstoitsstakeholders(Nandan2005).Referringtowhata brandstandsforandhowitisdefinedasopposedtoitsvisualperceivedbrandimage amongstitsconsumersandstakeholders(MichelandWilling2020:201-17),brandidentity canbeidentifiedasatangibleelementofabrand(Lalaounis2020:60-2)

Tounderstandhowabrand’sidentitycanbeanalysedandidentifiedKapferer’sBrand IdentityPrismcanbeapplied,abrandmanagementframeworkthatunderpinsthata brand’sidentityconsistsofsixdifferentdimensions(Viot2011)thatcanbefurtherdivided intodimensionsofexternalisationandinternalisation(Kapferer2009).Showcasingsix differentdimensionsthatcreateabrand’sidentity,Kapferer’sBrandIdentityPrismaidsthe visualisationofhowabrandseekstobeperceivedbybothitsconsumersandits stakeholders(Mahdietal.2015).

Duetotheabilityofbrandcollaborationstooftenproveunsuccessful,priorresearchhas beenundertakentoseektounderstandtheimportanceofconsideringbrandidentityasa keydeterminantinthesuccessorfailureofabrandcollaborationasabusinessgrowth strategy(Pengetal.2023).Whilstexistingresearchhascontinuedtounderpinthatparityin brandidentitybetweentheparentbrandandthechosencollaborativebrandpartnerina proposedbrandcollaborationisakeydeterminantinthesuccessorfailureofthatbrand collaboration(Viot2011),priorresearchhassimilarlysuggestedthatensuringthis perceivedcomplementaritybetweenbothbrandpartnersshouldbeconsideredasakey factorwhenseekingasufficientbrandpartnertoproposearelevant,profitableand valuablebrandcollaboration(MichelandWilling2020:201-17).Toensureadeveloped brandcollaborationsuccessfullytargetsitsintendedaudienceandthusprovesrelevant, profitableandvaluabletobothbrandpartnersinvolved,ensuringperceived complementaritybetweenbothbrandpartnersregardingbrandidentityshouldtherefore beregardedasakeydeterminantinthesuccessorfailureofabrandcollaborationand keyfactorwhenseekingtoestablishanappropriatebrandpartner(PittaandKatsanis 1995).

CHAPTERTHREE

Methodology

METHODOLOGY

TofurtherhighlighttherelevanceofdevelopingabrandcollaborationforSKIMSthat enablesthepremiumshapewearandloungewearretailertocapitaliseupontherising demandcurrentlypresentintheUKWomenswearAthleisureApparelMarketitisyetto leverage,thefollowingresearchstudywillremaininformedbyprimaryresearchdata insightsacquiredtogatheranappropriateandvaluableconsumerunderstanding tothus meettheproposedresearchquestionandcorrespondingresearchobjectives.

3.1ResearchDesignandDataCollection

Informedbytheabilityofqualitativeresearchtoenableanin-depthunderstandingand interpretationofhumanbehaviour(VoicuandVasilica2024),afocusgroupwas undertakentogatherqualitativeprimaryresearchinsightssurroundingtheexisting attitudesandopinionsoftheGenerationZfemalemarketconsumeraudience(Bax2013) regardingfashionbrandcollaborationsandtheimportanceofconsideringbrandidentity asakeydeterminantintheirsuccessorfailure,andthustheproposalofabrand collaborationbetweenSKIMSandLululemon.Theattainedprimaryresearchinsightsfrom thisfocusgrouphavebeencollatedthroughawrittentranscript(seeAppendixA).

Whilstprimarilyaidingtheattainmentofquantitativedatainsightsthatcanbeanalysed statisticallyandexpressednumerically(Bax2013),aconsumersurveywasalsoundertaken usingGoogleFormsthatemployedamixedmethodresearchapproachthrough gatheringacombinationofbothqualitativeandquantitativedatainsights(Voicuand Vasilica2024)toseekaheightenedunderstandingoftheexistingattitudesandopinionsof consumerssurroundingtheriseindemandintheUKAthleisureApparelMarketandthe proposalofabrandcollaborationbetweenSKIMSandLululemon.Theattainedprimary researchinsightsfromthisconsumersurveyhavebeencollatedthroughGoogleFormsto furthernumericallyvisualisethedatacollected(seeAppendixB).

3.2ParticipantSamplingandDataAnalysis

Participantsfortheundertakenfocusgroupwereselectedusingthetechniqueof controlledquotasampling,wherebythesampleofparticipantswereselectedonthebasis ofspecificandlimitedcharacteristics(Bhardwaj2019)toefficientlygatherarepresentative sampleandthusrepresentativedatainsightsfromthatdesiredconsumergroup(Bax 2013).Inordertoattainrelevantprimaryresearchinsightssurroundingtheexisting attitudesandopinionsoftheGenerationZfemalemarketconsumeraudienceregarding fashionbrandcollaborations,theimportanceofconsideringbrandidentityasakey determinantintheirsuccessorfailureandthustheproposalofabrandcollaboration betweenSKIMSandLululemon,participantswererecruitedonthesolecriteriathattheyare aGenerationZfemaleconsumer.Alternatively,participantsfortheundertakenconsumer surveywereselectedusingthetechniqueofconveniencesampling,wherebythesample ofparticipantswererecruitedonthebasisoftheirconvenientaccessibility(Bhardwaj2019) inordertoefficientlyrecruitalargenumberofparticipantsquicklyforthismethodofdigital research(Bax2013) Consumersurveyparticipantswererecruiteddigitallyviadirectemail communicationsandLinkedIn

Thedatacollectedfromtheundertakenfocusgroupandconsumersurveyhavebeen analysedusingthemethodofdeductivedataanalysis(Bingham2021),usingan applicationofpriorexistingtheoryandliteraturetointerpretatethedatainsightscollated (FifeandGossner2024)regardinganappliedunderstandingofthekeyprimaryinfluences drivingconsumerdemandintheUKAthleisureApparelMarket(seeSection2.1)and applyingpriorknowledgesurroundingbrandidentity(seeSection2.5)andtheopportunity toleveragebrandcollaborationsforbusinessgrowth(seeSection2.3).

Fig 5:Binks 2025 ParticipantSamplingandDataAnalysis[table]

3.3EthicalConsiderations

Toensuretheundertakenprimaryresearchremainsethicalinitspracticeandcompliant withcurrentresearchanddatalegislation,ethicalapprovalsandconsiderationshave beenaddressed(seeAppendixG,HandI) Whilstthegeneralpurposeofthisresearch studywillremaintransparentsurroundingtheinformationcollated,thepurposeforwhichit iscollatedandwithwhomitissharedwith(InformationCommissioner’sOffice2023),the researchdesignsandthedatacollectionprocessesimplementedwillremainappropriate totheconsumeraudienceanalysedtoensureparticipantsareabletoprovideinformation thataccuratelyandfreelyreflectstheirownviewsandopinions(ESOMARWorldResearch andInternationalChamberofCommerce2016).Whilstparticipationinthisstudywill remainvoluntarilyonthebasisofcontributingtothegeneralpurposeofthisresearch, recruitedparticipantswillthuseachgiveinformedconsentfreelyastheyremain anonymousandunidentifiablethroughoutwhilstremaininginformedoftheirrightsto withdrawfromthisstudyatanytime(MarketResearchSociety2023).Thecollationofdata insightswillremainstoredandaccessibletoonlythoseauthorisedandfornolongerthan necessarytoremaincompliantwiththeDataProtectionAct1998,whilstthedatawillbe processedinamannerthatensurestheappropriatesecurityofparticipants’personal data(InformationCommissioner’sOffice2023)

BRANDANALYSIS

4.1.1BrandOverviewandCurrentMarket

HeadquarteredinLosAngelesandfoundedbycelebrityKimKardashianin2018(Business ofFashion2025)amidherfrustrationwiththelackofoptionsavailableintheshapewear market(Moore2025),Skimswaslaunchedasasolutionfocusedapproachtoshape enhancingundergarmentsforeverybody(BusinessofFashion2025) Identifyingitselfasa “solutions-orientatedbrandcreatingthenextgenerationofunderwear,loungewearand shapewear”(Skims2025)andbuiltuponadesiretocreate“everydayessentialsfor everybody”(Bradley2025)Skimshascontinuedtoestablishareputationofinclusivityto valuablyearntheloyaltyofitsgrowingconsumerbase,offeringitsstylesinsizingfromXXS to4XLinninedifferentskintones(Moore2025).Inrecentyearsthepremiumretailerhas showcasedsignificantprofitablegrowthachievinga45%increaseinrevenuestoUS$713m in2023(Shollenbarger2024)andvaluedatUS$4bnin2024(Elson2023),thissignificant growthinprofitabilityparticularlydrivenbytheGenerationZandMillennialfemale consumerwhichcontributedto70%oftheretailer’scustomerbasein2024(Bradley2025). OpeningitsfirstphysicalstoreinWashingtonDCinJune2024settobefollowedbyfour furtherphysicallocationsacrossFlorida,TexasandGeorgiaasSkimscontinuestoestablish marketdominance(Bradley2025),SkimscontinuestoremainaccessibletoUKconsumers throughpremiumfashionretailersanddepartmentstoresincludingHarrods,Selfridges andEND ClothingandSkims’soontobefirstphysicalUKstorerumouredtoopeninLondon in2025(Hu2024)

SkimscontinuestooperateintheGlobalShapewearMarket,ahighlyprofitablemarket currentlyexperiencingsignificantmarketgrowthreachingamarketvalueof approximatelyUS$2.73bnin2024andprojectedtogrowataCAGRof8.0%between2025 to2030(GrandViewResearch2025c)toanestimatedvalueofUS$3.8bn(Straights Research2024).Whilstconsumerdemandsforinclusivityandbodypositivityhave continuedtoshifttheconsumerandproductnarrativeoftheshapewearmarket(WGSN 2025)encouragingariseingenderneutralandsizeinclusivestylesthatcatertoabroader audience(IMARCGroup2025),therecentsignificantgrowthinmarketdemandisbelieved tohavebeenmajorlydrivenbychangingconsumervaluessurroundingbodyimageamid theincreasinginfluenceofsocialmediatrends(GrandViewResearch2025c) Showcasing evidentgrowthopportunitiesforeverydayshapewear,made-to-beseenshapewearand men’sshapewear(WGSN2025)throughleveragingemergingfashiontechnologiesand sustainableprocessestocatertotherisingenvironmentalconsciousnessofmarket consumers(IMARCGroup2025),manymarketplayersarecontinuingtocapitaliseonthe opportunitytoseekcollaborationswithathletic,fashionandathleisurebrandstoblendthe functionalitiesofshapewearwithstyletoexpandtheirmarketappeal(IMARCGroup2025) amidchangingconsumerpreferencesandlifestylespostpandemic.

4.1.2BrandStrengthsandWeaknesses

AsSkimscontinuestoestablishatopmarketpositionintheGlobalShapewearMarket enhancedbyitsrecentsignificantprofitablegrowth(Elson2023)anditsestablishedbrand reputationofinclusivity(Moore2025),tofurtheranalyseSkims’brandvalueinthemarket keystrengthsandweaknessesofthepremiumshapewearandloungewearretailerhave beenidentifiedandcompared.

SkimseffectivelyleveragesitsestablishedreputationofinclusivityintheGlobalShapewear Market,offeringanexpansivesizingrangeofXXSto4XLwhichcontinuestoenablethe premiumshapewearandloungewearretailertoresonatewithavastcustomeraudience whilstcateringtothechangingnarrativeofitsmarketamidarisingfocusonbody positivity(Zhang2024).Similarly,Skimscontinuestofavourablyshowcasehighcustomer retentionamongstitsconsumersenablingtheretailertomaintainmarketdominanceina highlycompetitivemarketwithover14%ofitsacquiredcustomersreturningwithin15 monthsoftheirfirstpurchase(Bradley2025) WhilstSkimshascontinuedtoshowcase expansioninitscategoryofferingsdiversifyingintocategoriesofloungewear,swimwear andmenswear(Li2025)tocatertodiversespendingcapacitiesandconsumerneedsto reinforceitshighmarketposition(Zhang2024),Skimscontinuestoberecognisedinthe marketforitsimplementationofsuccessfulbrandcollaborationswithiconicbrandsand well-knownpersonalities,whichhaveenabledtheretailertogeneratebrandhypeand expanduponitsculturalfootprint(Bradley2025)whilstleveragingtheideaoflimited supplytoenhanceitspremiumappealandcontributetoitscompetitivesell-outrateof 32%(Mondalek2022).

However,despiteSkimsshowcasinghighbrandstrengthintheGlobalShapewearMarket, keyweaknessesofthepremiumshapewearandloungewearretailerhavesimilarlybeen identified.WhilstSkimsisstillyettoestablishacompetitivephysicalretailpresencein comparisontomanyofitsmarketcompetitorsasthemajorityofitsbusinesscontinuesto remainpredominantlyonlineandwithitsfirstphysicalUKstorestillyettoopen(Hu2024), Skims’singularassociationwithitscelebrityfounderKimKardashianmaybearguedasa potentialweaknessoftheretailer,thispotentialoverrelianceonasingularhighlyinfluential figurepotentiallyimposingthethreatoftarnishingconsumerperceptionsandSkims’ brandreputationifKimweretobecomeentangledinpublicscandalsasshecontinuesto heavilyendorsethebrand(Zhang2024).Despitegrowingconsumerconcernssurrounding sustainabilityacrossthewiderfashionindustry(Harman2023),anotherweaknessofthe premiumshapewearandloungewearretailercanbehighlightedasitslackofevident environmentalandethicalresponsibilitiesasafashionretailer,asSkimscontinuesto insufficientlyshowcasesufficientinformationsurroundingitsenvironmentalimpactand implementedinitiativestoitsconsumersthusscoringalowandunfavourableGoodOn Yousustainabilityratingof“WeAvoid”(Miles2024).

4.1.3BrandValueandReputation

ToanalysethecurrentestablishedbrandvalueandreputationofSkimsintheGlobal ShapewearMarket,Aaker’sBrandEquityModelhasbeenappliedtoevaluatethepremium shapewearandloungewearretailer’sperceivedbrandequity

Brandequityisoftendescribedasamultifacetedconcept,describingthevalueaddedtoa productorservicethroughitsassociationstoabrand(AakerandBiel1993).Establishing brandequityprovidesabrandwithmanycompetitiveadvantages,enablingabrandto increasethestrengthofsentimentandperceivedqualityamongstitsconsumerstothus increasetheoveralleffectivenessofitsmarketingcommunications(Lalaounis2020).

Aaker’sBrandEquityModelcanbeutilisedtoseekaninsightintotheevidentrelationship betweeneachcomponentofabrand’sequity,underpinningthatbrandequityismadeup ofvariousassetsandliabilitiesandthatthesecomponentscanbeseparatedintobrand loyalty,brandawareness,perceivedquality,brandassociations,andotherproprietary assets(EuropeanInstituteforBrandManagement2009)

BRANDLOYALTY

BRAND AWARENESS

Skimsshowcaseshighcustomerloyaltyamongstits acquiredconsumeraudience,withover14%ofitscustomers returningwithin15monthsoftheirfirstpurchase(Bradley 2025) Thishighcustomerretentioncontinuestoremain endorsedamongstitsUSconsumersthroughitstiered loyaltyprogramSKIMSRewards,whichprovidescustomers withexclusivebenefitsandrewardsviatheSkimsApp(Skims 2025b)whilstenablingSkimstocultivatebrandloyalty.

Positionedasthemostinfluentialpremiumfashionbrand worldwidein2023withamediaimpactvalueofUS$638m (StatistaResearchDepartment2024a)andanestablished brandawarenessof1521%amongstUSconsumersoflingerie in2023(StatistaResearchDepartment2024b),Skims continuestoestablishwidespreadglobalacceptanceand resonanceamongstawideconsumeraudience.Enhanced byitscollaborationswithglobalpersonalitiesandbrands thatleveragetheexistingstrengthsoftheseglobal collaborativepartnerstotapintonewaudiencesandexpand marketreach(IstitutoMarangoni2024),Skimssimilarly continuestoleveragetheglobalinfluenceofitscelebrity foundertocultivatehighbrandawarenessintheGlobal ShapewearMarket(Zhang2024)

PERCEIVED QUALITY

BRAND ASSOCIATIONS

Skimsisrecognisedamongstconsumersforitsabilityto mergeinclusivitywithinnovationasitcontinuestoblend comfortwithfunctionality(Bradley2025),prioritisingthe changingneedsofitsconsumerthroughofferingan extensivesizingrange,gender-neutralcollectionsandbroad productscategoriesthatcatertodiverseconsumer spendingcapacitiesandneeds(Toresson2024)

Skimscontinuestoestablishareputationofinclusivityinthe GlobalShapewearMarkettoencouragepositivebrand associationsamongstitsconsumers(Moore2025), resonatingwithitsgrowingconsumerbaseandcateringto thechangingnarrativeofitsmarketamidarisingfocuson bodypositivitythroughitsextensiverangeofsizingand stylesforall(Zhang2024).Leveragingitscreationof successfulbrandcollaborationsandlimited-edition collectionstogeneratebrandhypeandpositivebrand associationsinnewmarkets(Bradley2025),itshighly recognisablevisualbrandingconsistingofitsboldlogo, neutralcolourpaletteandmissiontocreate“everyday essentialsforeverybody”continuetoendorsethesepositive brandassociations(Skims2025)

OTHER PROPRIETARY ASSETS

WhilstarguedasapotentialweaknessofSkimsdueto remainingasasingularrelianceonahighlyinfluentialfigure thatmayimposethethreatoftarnishingconsumer perceptionsandbrandreputationamidpublicscandals, Skims’brandassociationwithitsgloballyrecognised celebrityfounderKimKardashiancontinuestoremainasa keyassetofthepremiumshapewearandloungewear retailer’sbrandequityasKimcontinuestoheavilyendorse andrepresentthebrand(Zhang2024).

4.1.4BrandPositioning

TostrategicallyvisualisethecurrentmarketpositionoccupiedbySkimsintheGlobal ShapewearMarketrelativetoitstopmarketcompetitorsandimportantmarketattributes (Lalaounis2020),brandpositioningmapshavebeencreatedtodeterminethecurrent marketpositionoccupiedbySkims(seeFigure7and8)(seeAppendixC)

CategoryDiversification

Fig 7:Binks 2025 GlobalShapewearMarketBrandPositioning(1)[diagram]
Fig 8:Binks 2025 GlobalShapewearMarketBrandPositioning(2)[diagram]

4.1.5DigitalCompetitorAnalysis

ToevaluatethecurrentdigitalpresenceofSkimsanditstopmarketcompetitorsinthe GlobalShapewearMarket,adigitalanalysishasbeenundertakenregardingeachbrand’s e-commercestore(seeFigure9)andprofilesontopsocialmediaplatformsInstagram andTikTok(seeFigure10and11)

E-CommerceCompetitorAnalysis

Fig.9:Binks.2025.E-CommerceCompetitorAnalysis[table]

InstagramCompetitorAnalysis

Fig.10:Binks.2025.InstagramCompetitorAnalysis[table]

TikTokCompetitorAnalysis

Fig.11:Binks.2025.TikTokCompetitorAnalysis[table]

4.1.6PreviousBrandCollaborations

Fromidentifyingthekeystrengthsandweaknessespossessedbythepremiumshapewear andloungewearretailer(seeSection412),Skims’successfulimplementationofbrand collaborationswithiconicbrandsandlimited-editioncollectionswithwell-known personalitiescanbehighlightedthathavestrengthenedthepremiumshapewearand loungewearretailer’sabilitytoadapttodifferentculturesandmarketswhilstreinforcingits brandidentityofinnovation,inclusivityandquality(Bradley2025).EnablingSkimsto reinforceitskeycommitmenttocomfort,inclusivityandbodypositivity(Li2025)whilst allowingtheretailertotapintonewaudiences,alignwithculturalmomentsandleverage theexistingstrengthsofestablishedbrandpartners,Skims’collaborationstrategy continuestohighlighttheretailer’sabilitytocreateinnovativebrandcollaborationsthat expandSkims’culturalrelevanceandmarketreach(IstitutoMarangoni2024),enablingthe premiumshapewearandloungewearretailertoalignwithglobalbrandsandpersonalities tocreatelimited-editioncollectionsthatencouragebrandexclusivityandhype(Bradley 2025)

TARGETAUDIENCE

4.2CurrentTargetAudience

Havingquicklyestablisheditselfasoneofthemostpopularapparelbrandsamongstthe GenerationZandMillennialconsumeraudienceasitsfocusoninclusivesizingandbody positivitycontinuestoharnesstheattentionoftheyoungerconsumeraudience(Shriber 2023),Skimstargetsboththemaleandfemaleconsumerofawiderangeofbodytypes, sizesandskintonesasintendedtobeservedbyitsinclusiveportfolioofstylesthat endeavourtofusestylewithcomfort(Yuan2024)

Targetingapredominantlyfemaleconsumeraudience(Li2024)accountingfor approximately75%oftheretailer’se-commercestoretraffic(Similarweb2025),Skims continuestoestablishahigherbrandawarenessamongsttheGenerationZandMillennial consumeraudienceas47%ofGenerationZconsumersand45%ofMillennialconsumers statethattheyfavourthebrandwhilstjust37%ofGenerationZconsumersandjust20%of Millennialconsumersareyettobereachedbytheretailer’smarketingefforts(Shriber 2023).Harnessingthepowerofsocialmediatoestablishmeaningfulconnectionswithits consumeraudience(Yuan2024),Skimsacquiresaconsumerbasewhoappreciatethe retailer’scelebrityfounderandinclusivemission,willingtoinvestinitscomparativelypricy styleswithmanyseekingtoengageinactivitiessuchasyoga,social-mediarelatedevents andotherfashion-focusedoccasions(Li2024)

MARKETANALYSIS

4.3.1MarketOverview-TheUKWomenswearAthleisureApparelMarket

Showcasingsignificantgrowthindemandsince2020(Finamore2023)drivenbychanges inconsumerbehaviourpostpandemic(seeSection2.1),theUKAthleisureApparelMarket continuestoshowcasealucrativemarketsegment(GrandViewResearch2025a) particularlydrivenbytheGenerationZandMillennialfemaleconsumeraudiences (Gwyther2025)asconsumerscontinuetodemandstylesthatblurthelinesbetween athleticandeverydaycasualwear(Niedzwiedz2024) Generatingrevenuesof US$21,8438min2024andprojectedtoshowcaseconsistenthighgrowthto2030to US$36,1354m(GrandViewResearch2025b),thisevidentlyhighprofitablemarketgrowthis predictedtosurpassthegrowthindemandofallotherUKcategoriesofcasualapparelin theupcomingyears(Pereraetal.2023).Whilstthecategoryofmassathleisureevidenced thelargestrevenuesacross2022,premiumathleisureissettoremainasthemostlucrative marketsegmentsettoshowcasethefastestcategorygrowthto2030(GrandView Research2025a).AsmanybrandsintheUKApparelMarketcontinuetocapitaliseupon thishighdemanddiversifyingintothislucrativecategorytoleverageitsprofitable projectedgrowth,anevidentlyvaluableopportunityfornewandexistingmarketplayersin theUKWomenswearMarkettoleveragethisgrowingdemandcanbehighlightedas evidencedbyestablishedmarketplayersLululemon,TalaandAdanola(Weston2025)

Fromundertakingaconsumersurveytoseekaheightenedunderstandingoftheexisting attitudesandopinionsofconsumerssurroundingtheriseindemandintheUKAthleisure ApparelMarket,80%ofrespondentswereidentifiedtosimilarlybelievethatthishigh marketgrowthwillprofitablycontinuepost2025asconsumerlifestylesandpreferences continuetoadaptandchangepostpandemic(seeAppendixB).Whilst56%of respondentsregardedsocialmediainducedtrendssurroundingfitness,healthand wellnessasthetopprimaryinfluencedrivingthisevidentriseindemandassimilarly highlightedinSectionX,60%ofrespondentswhohavepurchasedathleisureapparel previouslyidentifiedcomfortandversatilityandstyleandappearanceasthetopprimary influencesleadingthemtopurchase(seeAppendixB).

TounderpinthekeymarketopportunitiescurrentlypresentintheUKAthleisureApparel Market,keymarkettrendshavebeenhighlighted 4.3.2KeyMarketOpportunities

SUSTAINABILITY

Acoremarkettrendincreasinglypresentacrossthe widerfashionindustry,anincreasingconsumerdemand forsustainabilitycansimilarlybehighlightedintheUK AthleisureApparelMarketamidrisingconsumer awarenesssurroundingtheenvironmentalimpactsof fashionconsumption(Harman2023).Marketplayers havetheopportunitytoimplementsustainablesolutions thatintegratethesevalues,employingeco-friendly productionprocesses(Consumer&RetailMarket ResearchFuture2025)andcircularinitiativestothus seekhigherdemandandcustomerloyaltyasdemand foreco-consciousathleisurecontinuestogrow(IMARC Group2024).

AmidrisingconsumerhypeforPilates,yogaandrunning generatedbysocialmediainducedtrends,new opportunitiesareemergingformarketplayersto capitaliseupontheseincreasingconsumerinterestsin theirmarketingefforts(Saggese2024b) Assuccessful utilisedbykeymarketplayersLululemonandAloYoga whohaveinventivelyleveragedthisdemandthrough creatingconsumerwellnesscommunities,market playershavetheopportunitytosimilarlycapitaliseupon thisgrowingconsumerhypethroughpartneringwith Pilatesandyogaservicestocreateexclusive,one-off experientialeventstodriveconsumerfootfall(Napoli 2024)andunexpectedcollaborationstoencourage brandequity(Bringe2021).

RUNNING,YOGA ANDPILATESHYPE

NEUTRALTONES

LUXURYBRAND COLLABORATIONS ANDCOLLECTIONS

Gainingmomentumacrossthemarketamidincreasing consumerpreferencesfortrans-seasonaltonesand minimaliststylesreflectingtheongoingUKcost-of-living crisis,neutralcolourpalettesareprojectedtoremainas apopularmarkettrendformarketplayerstoleverageas tonesofbeige,lighttans,camelandcreamaccounted forapproximately88%ofdemandinthemarketin2024 (GiustinoandBegum2024)

Asluxuryfashionconsumerscontinuetoprioritise wellnessspendingasanecessityevenduring challengingfinancialtimes(Saggese2024a),market playershavetheopportunitytocatertothisgrowing demandasluxuryathleisurecontinuestogain momentum(Saggese2024b).Encouragingopportunities tocollaboratewithpremiumfashionbrandstoleverage therisingdemandofthe#athluxePilatesandyoga consumer(Ventura2025),premiumfashionbrandshave theopportunitytocollaboratewithathleisurebrandsto producelimitededitioncollectionsthatmergefashion withfunctionalitytothusbecomemoreaccessibleand appealingtotheeverydayconsumer(Mintel2025a)

4.3.3CompetitiveLandscape

Despiteshowcasinganincreasinglylucrativemarketsegmentofhighprofitablemarket growth(Pereraetal 2023)andthusahighlyattractivemarkettobeleveragedbymarket playersintheUKWomenswearMarkettocapitaliseuponthisgrowingdemandmajorly drivenbytheGenerationZandMillennialfemaleconsumeraudiences(Gwyther2025),an intenselycompetitivemarketlandscapecanbehighlightedasmanynewandexisting brandsincreasinglyseektoenterthismarketsegmenttoleverageitsprofitablegrowth. Incurringnewmarketplayerswithchallengessurroundingpricesensitivityandproduct qualitywhenseekingtoestablishacompetitiveedgeinamarketbecomingincreasingly saturated(Consumer&RetailMarketResearchFuture2025), thesechallengessimilarlyhighlightopportunitiesforinnovationanddifferentiation, highlightinganopportunityfornewmarketentrantstointegratenewtechnologies, personalisationservicesandsustainabilityfocusesMcKinsey&Company2021)whilst leveragingemergingmarkettrends(seeSection4.3.2)tothusresonatewithconsumer marketpreferencestoremaincompetitive

InordertostrategicallyanalysethecurrentcompetitivelandscapepresentintheUK AthleisureApparelMarket,thePorter’sFiveForcesframeworkhasbeenappliedto determinetheintensityofcompetitionandthuspotentialprofitabilityofthemarket (Gratton2025).

COMPETITIVE RIVALRY

THREATOFNEW ENTRANTS

Amarketwherebycompetitiverivalryisincreasingasthe marketcontinuestobecomeincreasinglysaturatedby numerousmarketcompetitorseachsimilarlyseekingto capitaliseuponitsrisingdemandandofferinghighly similarproductofferings(Gratton2025).Marketentrants mustthusremaininnovativeintheirdesigns,services andmarketingeffortstodifferentiatethemselvesfrom thisincreasingcompetitiontosuccessfullyacquire consumerattention(Porter2008:24-39).

Alucrativemarketwithathusincreasinglyhighthreatof newentrants(GrandViewResearch2025a)duetoits attractivehighgrowthpotentialandlowentry regulations(Gratton2025),potentiallyimpactingthe market’slong-termprofitabilityasthehighthreatofnew entrantsimposespressuresoncompetitorpricingand thenecessaryinvestmentrequiredbynewentrantsto successfullycompetewiththeestablisheddominanceof existingmarketplayers(Porter2008:24-39).

BARGAININGPOWER OFSUPPLIERS

Amarketwherebysuppliersimposevaryingbargaining poweramidanincreaseinmarketplayersswitching fromoverseassupplierstosustainableUKsuppliers. Whilstmanyexistingmarketplayerscontinuetoproduce theirgoodsoverseastoseeklowerproductioncostsand multiplesupplieroptionsforsourcingmaterials(Gratton 2025),asmarketconsumerscontinuetodemand sustainabilityandcircularitywhenjustifyingathleisure purchasing(Harman2023)marketentrantsseeking ethicalsupplierstocatertothesechangingconsumer demandsmayfindtheyrelyonfewerUKsupplierswho offerthesesustainableprocesses,thusgivingthese suppliershigherleverageofnegotiationsandpoweras theycontinuetoattractdemand(Porter2008:24-39).

BARGAININGPOWER OFBUYERS

THREATOF SUBSTITUTES

Amarketwhereconsumerscontinuetoimposehigh bargainingpowerintensifiedbytheincreasingnumber ofmarketbuyersamidrisingconsumerdemandsfor athleisureapparel(Finamore2023),asconsumers remainhighlyinformedcarryingoutextensivemarket researchbeforecommittingtoapurchase(Gratton 2025)andoftenswitchingbetweencompetitorsas influencedbysocialmediaastheyincurlowswitching costs(Porter2008:24-39).

Amarketwithanincreasinghighthreatofsubstitutesas manynewandexistingbrandscontinuetocapitalise uponthishighgrowthmarketdemand,diversifyinginto thislucrativecategorytoleverageitsprofitable projectedgrowth(Pereraetal 2023) Asthemarket continuestobecomeincreasinglysaturatedbymarket playersofferinghighlysimilarproductofferingsthatincur consumerswithlowswitchingcostswhenswitching betweencompetitors(Porter2008:24-39),market playersmustremaininnovativetoremainvisually differentiatedtoconsumers(Gratton2025)

Tostrategicallyvisualisethecurrentmarketpositionoccupiedbykeymarketplayersinthe UKWomenswearAthleisureApparelMarketrelativetoimportantmarketattributes (Lalaounis2020),brandpositioningmapshavebeencreated(seeFigure12and13)(see AppendixD)

Fig 12:Binks 2025 AthleisureMarket BrandPositioning(1)[diagram]
Fig 13:Binks 2025 AthleisureMarket BrandPositioning(2) [diagram]

BRANDEXTENSIONSTRATEGY

4.4.1BrandExtensionRationale

AstheUKAthleisureApparelMarketcontinuestoshowcasealucrativemarketsegment (GrandViewResearch2025a)ofgrowingdemandparticularlydrivenbytheGenerationZ andMillennialfemaleconsumeraudiences(Gwyther2025)that80%ofconsumer respondentsbelievewillprofitablycontinuepost2025asconsumerlifestylesand preferencescontinuetoadaptandchangepostpandemic(seeAppendixB),theproposal ofSkimsXLululemonwillseektoenableSkimstocapitaliseuponthisrisingmarket demanditisyettoleveragethroughcollaboratingwithahighlyestablishedathleisure marketplayerthatcontinuestodominatethemarket(Kent2020)

Utilisinganestablishedbrandpartnerthatshowcasescomplimentaryinitsembodied brandidentitytothatofSkims’(seeAppendixE)asunderpinnedbytheimportanceof consideringbrandidentityasakeydeterminantinthesuccessofabrandcollaborationas abusinessgrowthstrategy(Pengetal.2023)(seeSection2.5),theproposalofSkimsX LululemonwillenableSkimstoleveragetheestablishedbrandequityofLululemoninthe UKAthleisureApparelMarketaswellaskeymarketopportunitiesemerginginit.Enabling Skimstoleveragetheidentifiedmarketopportunityformarketplayerstocapitaliseupon therisingdemandofthe#athluxePilatesandyogaconsumerthroughluxuryathleisure apparelcollaborations(Ventura2025)amidrisingconsumerhypeforPilates,yogaand runninggeneratedbysocialmediainducedtrends(seeSection4.3.2)andtheemerging opportunityintheGlobalShapewearMarketformarketplayerstocollaboratewithathletic, fashionandathleisurebrandstoblendthefunctionalitiesofshapewearwithstyleto expandtheirmarketappealasconsumerlifestylescontinuetochange(IMARCGroup 2025),theproposalofSkimsXLululemonwillsimilarlyenableSkimstofurthercapitalise uponitspreviousevidentsuccessinimplementingbrandcollaborationstogeneratebrand hypeinnewmarkets(Bradley2025)throughenablingtheretailertofurtherutilisethis growthstrategyofdiversificationtoeffectivelyfacilitateitsexpansionintotheUKAthleisure ApparelMarket(EurasianResearchInstitute2024)atalowerriskofpotentialfailureand lowerinvestmentcosts(Baisya2013:129-62).

Fromattaininginsightsfromtheundertakenfocusgroupandconsumersurveyoutlinedin sectionxtogatherexistingattitudesandopinionsofmarketconsumersregardingfashion brandcollaborationsandtheimportanceofconsideringbrandidentityasakey determinantintheirsuccessorfailure,andthustheproposalofabrandcollaboration betweenSKIMSandLululemon,furtherreasoningfortheproposalofabrandcollaboration betweenSkimsandLululemoncanbehighlighted Whilstfocusgroupparticipants favourableregardedfashionbrandcollaborationsas“aneffectivewayforafashionbrand tocaptureconsumerattentionandenternewmarkets”,participantssimilarlyvoiced perceivingan“evidentalignmentbetweenthebrandidentitiesofbothSKIMSand Lululemon”with“eachbrandshowcase(ing)anidentityofpremiumsimplicitythat resonateswithasimilarconsumeridealself”(seeAppendixA).Whilstahighlyfavourable 80%ofsurveyrespondentswereinfavourofthecreationofabrandcollaborationbetween SkimsandLululemonprovingappropriate,valuableandprofitableforbothbrands,ahighly favourable83%ofrespondentsfurtherbelieveditwouldallowSkimstosuccessfully leveragetherisingdemandintheUKAthleisureApparelMarkerwhilstasimilarly favourable82%ofrespondentsbelievingitscreationwouldsufficientlyappealtothe targetedGenerationZ/Millennialconsumer(seeAppendixB),highlightingvaluable consumersentimentsurroundingtheproposalofSkimsXLululemoninenablingthe premiumshapewearandloungewearretailertocapitaliseuponthisrisingmarket demanditisyettoleverage

4.4.2ProductDescription

Toreiteratebothpartners’premiumbrandappeal,SkimsXLululemonwillproposeto produceafive-piecelimited-edition,exclusivecollectionofpremiumathleisurewearmixand-matchstylesinfive-alternativecolourwaysinsizesXXS-4XthatmergeLululemon’s best-sellingathleisuredesignsandathleticweartechnologieswithSkims’body-sculpting innovations,neutraltonesandexpansivesizing.

Reflectingbothretailer’spremiumpricingandfeaturingLululemon’scoresellingathleisure stylesoftheDefineJacket,DefineRelaxedFitJacket,WundermostUltra-SoftNuluHipLengthCrewneckShirt,AlignHighRisePantin25”and28”,andGrooveNuluHighRiseFlare Pant,thecreatedlimited-editioncollectionwillsimilarlyreflectSkims’established reputationofinclusivityintheGlobalShapewearMarketthatcontinuestoenableSkimsto resonatewithavastcustomeraudience(Zhang2024),offeringacollectionofstylesthat catertoafemaleaudienceofvaryingskintones,sizesandbodytypes.

4.4.3SMARTObjectives

Informedbytheacquiredsuccessofthepremiumshapewearandloungewearretailer’s mostrecentbrandcollaborationforwinter2024SkimsxTheNorthFace(Malach2024), SMARTobjectiveshavebeenidentifiedandcalculatedaccordinglyfortheproposedbrand collaborationSkimsxLululemon(seeAppendixF)

SMARTObjective1

ToIncreaseWebsiteLeadstoSkims.com,IncreasingYOYAverageWebsiteSearch Trafficby30%betweenJulytoSeptember2025toanAverageof3.03m.

SMARTObjective2

ToIncreaseWebsiteSearchTrafficValuetoSkimscom,IncreasingYOYAverage WebsiteSearchTrafficValueby30%betweenJulytoSeptember2025toanAverage of$674.3K.

MARKETINGPLAN

4.5.1BrandCollaborationMarketingStrategy

TheproposedbrandcollaborationSkimsXLululemonwillembodythepremium shapewearandloungewearretailer’sexistingomnichannelmarketingapproach(Zhang 2024),seamlesslyintegratingauseofrelevantdigitalandofflinechannelstoeffectively caterthepremiumathleisurecollaborationtothetargetedGenerationZandMillennial femalemarketconsumer(McKinsey&Company2022)

Toexplorethekeydigitalandofflinemarketingstrategiestheproposedbrand collaborationSkimsXLululemonwillemploy,eachkeyomnichannelstrategyhasbeen identified.

BRANDED PILATES/YOGA STUDIOPOP-UP

ASkimsbrandedwellnessstudiopop-upinLondonwill hostbothaconsumerandinfluencerPilatesandyoga eventincelebrationofthelaunchofSkimsXLululemon, capitalisinguponthegrowingsocialmediainduced hypeforyogaandPilatesthroughcreatinganexclusive, one-offexperientialevent(Napoli2024)inaminimalistic spacethatembodiestheretailer’sbold,sleekbranding. LIMITED-EDITION SKIMSXLULULEMON COLLECTION

SkimsxLululemonwillprimarilyseektocelebratethe launchofafive-piecelimited-edition,exclusive collectionofpremiumathleisurewearmix-and-match stylesthatmergeLululemon’sbest-sellingathleisure designsandathleticweartechnologieswithSkims’ body-sculptinginnovations,neutraltonesandexpansive sizing.Reflectingbothbrandpartners’premiumpricing whilstremaininglimitedinsupplytoenhanceits exclusiveappeal,theexclusiveSkimsXLululemon athleisurecollectionwillremainsolelystockedon Skims.comtoencourageconsumerstothepremium shapewearandloungewearretailer’secommercestore.

SOCIALMEDIA CONTENT

SocialmediacontentthatvisuallyreflectsSkims’ minimalistic,sleekandneutralbrandingwillseamlessly promotethebrandcollaborationutilisingtopsocial mediaplatformsInstagramandTikToktoresonatewith thetargetedGenerationZandMillennialfemale consumer.Whilstteasercontentwillseektogenerate consumerinterestandbuzzpriortothelaunchofthe collection,furthersocialcontentwillbepromoted throughoutthedurationofthebrandcollaborationto furtherencourageconsumerstointeract.

PRMAILERSENDOUT

OFFLINE ADVERTISING

APRgiftingmailerwillbesentouttoacombinationof bothmacroandmicroinfluencerstofurtherpromotethe launchofSkimsxLululemontogenerateconsumerbuzz whilstfurthershowcasingthecollection’sinclusive appeal

Whilstdigitaladvertisingplatformswillremainprimarily utilised,offlineadvertisingplatformswillsimilarlybe utilisedtopromoteSkimsxLululemonpositioned strategicallytomaximisetheirpotentialpromotional impact.

Inordertofurtherclassifythekeyareasoffocusembodiedbytheproposedbrand collaborationstrategy(Kenton2024),themarketingmixhasbeenapplied.

PRODUCT

PRICE

SkimsXLululemonwillproduceafive-piecelimitededition,exclusivecollectionofpremiumathleisurewear mix-and-matchstylesinfive-alternativecolourwaysin sizesXXS-4XthatmergeLululemon’sbest-selling athleisuredesignsandathleticweartechnologieswith Skims’body-sculptinginnovations,neutraltonesand expansivesizing.

Toreiteratebothpartners’premiumbrandappealand pricingstrategies,thecreatedcollaborativecollection willreflectbothretailer’spremiumpricingwithstyles pricedbetween£58-£138whilstremainingexclusive andlimitedininventory,leveragingtheideaoflimited supplypreviouslyembodiedbybothSkimsand Lululemontoenhancethepremiumappealofthe collaboration(Mondalek2022).

PROMOTION

EmbodyingSkims’existingomnichannelmarketing approach,bothofflineanddigitalplatformswillbe utilisedaccordinglytoseamlesslypromotetheproposed brandcollaborationbetweenJuly-September2025to thetargetedGenerationZandMillennialfemalemarket consumer.

TheexclusiveSkimsXLululemonathleisurecollectionwill remainsolelystockedonSkimscom,encouraging consumerstothepremiumshapewearandloungewear retailer’secommercestoretoaidadesiredincreasein organicwebsiteleadsandwebsitesearchtrafficvalue asoutlinedintheproposedSMARTobjectives(see Section443)

PLACE

Toidentifyboththekeydigitalandofflineactivitiestheproposedbrandcollaborationwill employ,aGanttcharthasbeencreatedtodepictthedurationofeachkeyactivity(see Figure14).

KEYTACTICACTIVITY

BRANDEDPILATES/YOGA STUDIOPOP-UP

NOTES

X SkimsbrandedstudiopopuplocatedinLondon.

PILATES/YOGA CONSUMEREVENT

X

PILATES/YOGA INFLUENCEREVENT

X

Ticketedpilates/yogaclass eventforconsumers

Invite-onlypilates/yoga influencerevent

LIMITEDEDITIONSKIMSX LULULEMONCOLLECTION X X

ForsaleonSkimscomuntil soldout.

PRMAILERSENDOUT X

SOCIALMEDIACONTENT X

EMAILNEWSLETTERS X

Giftingmailersentoutto bothmacroandmicro influencers

Topsocialplatforms includingInstagramand TikTok

ToSkimsandLululemon newslettersubscribers

OFFLINEADVERTISING X UtilisingstrategicOOH locations.

Fig.14:Binks.2025.SKIMSxLululemonGanttChart[chart]

Fig 15:Binks 2025 SkimscomWebsiteLandingPage[mock-up]

Skims.comSKIMSxLululemonHomePage

SkimsInstagramProfileGrid

Fig 17:Binks 2025 SkimsInstagramProfileGrid[mock-up]

G r i d P o s t ( 1 ) [ m o c ku p ]

F ig . 1 8 : B i n k s . 2 0 2 5 . S K I M S x L u l u l e m o n I n s t a g r a m

SKIMSxLululemonInstagramGridPost

F ig . 1 9 : B i n k s . 2 0 2 5 . S K I M S x L u l u l e m o n I n s t a g r a m G r i d P o s t ( 2 ) [ m o c ku p ]

SKIMSxLululemonInstagramGridPost

Fig 20:Binks 2025 SKIMSxLululemonInstagramStoryAd(1)[mock-up]
Fig 21:Binks 2025 SKIMSxLululemonInstagramStoryAd(2)[mock-up]

4.5.3KeyPerformanceIndicators

Tomeasuretheprogressionofthedevelopedbrandcollaborationstrategyinmeeting eachSMARTobjectiveoutlinedinSection443,keyperformanceindicatorsthatwillbe measuredthroughoutthedurationofSkimsXLululemonhavebeenhighlightedregarding howfrequentlyeachwillbemeasuredtoensurethisprogressionismonitored

SMARTObjective1

ToIncreaseWebsiteLeadstoSkims.com,IncreasingYOYAverageWebsiteSearch Trafficby30%betweenJulytoSeptember2025toanAverageof3.03m.

SMARTObjective2

ToIncreaseWebsiteSearchTrafficValuetoSkimscom,IncreasingYOYAverage WebsiteSearchTrafficValueby30%betweenJulytoSeptember2025toanAverage of$674.3K.

Todeterminethepotentialallocatedbudgetrequiredtosuccessfullyimplementthe tacticsproposedinthedevelopedbrandcollaborationstrategy,anestimatedbudget allocationhasbeencalculatedforeachkeytacticemployed

TACTIC

BRANDEDPILATES/YOGA SUDIOPOP-UP

EXPENSESINCURRED/JOBROLE

Pop-UpRentalSpaceinCoventGarden:

£16,800perdayfrom1July-30Sep (StoreFront2025)

£1,545,600

PRMAILERSENDOUT

100PRGiftingMailersConsistingofthe SKIMfineJacketandSKIMlignHighRise FlarePant: (100x£108)+(100x£108)(seeSectionX)

£21,600

LIMITEDEDITION COLLECTIONCREATION

SOCIALMEDIACONTENT CREATION

HeadofBuying:

£102,000annually(GlassDoor2025a)

HeadofPartnerships:

£83,000annually(GlassDoor2025b)

SocialMediaManager:

£40,000annually(GlassDoor2025c)

In-HousePhotographer:

£40,000annually(GlassDoor2025d)

Fig.22:Binks.2025.SKIMSxLululemonEstimatedBudgetAllocation[table]

£185,000

£80,000

£1,832,200

CONCLUSION

Thefollowingresearchprojecthassoughttoeffectivelyevaluateandidentifythekey primaryinfluencesdrivingthecurrentrisingdemandpresentintheUKWomenswear AthleisureApparelMarkettoeffectivelyproposeanddeveloparelevant,valuableand profitablebrandcollaborationstrategyforSkimstoenablethepremiumshapewearand loungewearretailertocapitaliseuponthisrisingdemanditisyettoleverage.Proposinga brandcollaborationbetweenSkimsandestablishedpremiumathleisureretailerLululemon toproducealimited-editioncollectionofpremiumathleisurestylesinformedbyexisting marketknowledge,appliedtheoreticalconceptsandfirst-handconsumerinsights,the abilitytoutilisebrandcollaborationstoenableabrandtoseekprofitablegrowthinanew markethasthusbeenconsideredandappropriatelyappliedwhilsttheimportanceof consideringbrandidentityasakeydeterminantinthesuccessorfailureofabrand collaborationhasfurtherbeenanalysed

Thefollowingstudyhasendeavouredtovaluablycontributetoexistingmarketknowledge surroundingtheevidentsurgeindemandforathleisureapparelpostpandemicintheUK market,identifyingkeyprimaryinfluencesthathavedriventhisdemandinreferenceto consumerbehaviourwhilstseekingfirsthandconsumerinsightstobridgekeytheoretical knowledgewithreal-worldapplications.Furthermore,thefindingsandproposedbrand collaborationstrategySkimsxLululemonwillseektoofferastrongcontributiontopremium shapewearandloungewearretailerSkims,servingasanactionablerecommendationto enabletheretailertocapitaliseuponthisprofitablehighgrowthmarketitisyettoleverage.

Whilstthefollowingresearchstudycontinuestoseektooffervaluablecontributionsto knowledgeandanactionablerecommendationforSkims,itcanbenotedthatpostthe proposalofthisresearchprojectSkimsannounceditsupcomingpartnershipNikeSKIMSset todebutforspring2025(Bloomberg2025) Whilstlittleremainsknownsurroundingthe proposedofferingsofthisupcomingpartnership,itcanthusbehighlightedthatsincethe developmentofthisresearchprojectanditsproposalforSkimstocapitaliseuponthe risingmarketdemandforathleisureapparelitwasyettoleverage,Skimshassince evidencedhavingrecognisedthisprofitablemarketopportunityitpreviouslywasyetto expandintopriortoannouncingNikeSKIMS.

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