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FLY FASHION

     We had the incredible opportunity to learn from Professor Gaia Poli of the Florence University of the Arts specifically about their FLY! store. Professor Gaia Poli is a designer, distributor, and wholesaler. She was incredible to learn from and has had so much experience in the industry. We not only were able to learn from her, but she gave us the opportunity to teach her as well. The class split up into groups and each went out and performed field research on a certain consumer group for their boutique. We had the meeting right behind the boutique and were able to follow their Instagram account and see all of our ideas in action once we left the meeting. Some important takeaways from the meetings was the fashion count is identifying areas of the city that show demographics you want and using parameters to do so. There is not always one specific group that a business is trying to reach. The boutique's consumers were high end and low end tourists, international students, locals, professionals, and influencers. When doing field research, it is vital to be as accurate as you can and if you can get pictures then even better. It is also important to set research parameters before conducting the research.

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FERRARI HEADQUARTERS

     When we were in Modena, we had the amazing opportunity to really dive into the business of Ferrari. We sent our day at their two museums and even got a marketing lesson on the Ferrari strategy at their headquarters- pictured left. This was a great experience of learning the basics of the "Ferrari way" of doing things. The basics can be the most important when it comes to running a successful business. They have four main formulas: innovation formula, team formula, marketing formula, and 360 degree formula. Their main goal of their brand is exclusivity of their cars. They do not want just anyone to have a Ferrari. I did not realize how intense the process was to buying one and that every Ferrari is customized to order. They still believe that consistency is fundamental in order to give any brand its own identity. Their four channels of marketing are: exclusivity, sturdiness and courage,  brand identity, and sport. They only have 90 dealerships in the world; the United States has the largest dealership and one of the first. Having the opportunity to spend a whole day at Ferrari was surreal and I was able to learn so much that I did not know before. 

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