SlideShare una empresa de Scribd logo
1 de 41
Integrated Marketing Communications Plan 
Alaina Moore 
West Virginia University 
IMC 610 
Fall 2014
The Home Depot: IMC Plan 1 
Executive Summary 
In this paper, you will find the Integrated Marketing Communications Plan for The Home 
Depot, targeting men and women, ages 25-35, with a college degree, without children who may 
or may not own a home. A lot of research has been collected to determine The Home Depot’s 
strengths, weaknesses, opportunities and threats. The target audience for this plan offers an 
opportunity for The Home Depot to capture this upcoming generation of consumers and to create 
brand loyalty while in the early stage of the buying life cycle. This plan outlines the marketing, 
creative, media, public relations, direct marketing and sales promotion objectives and tactics 
needed to capture this target audience and to make this plan successful.
The Home Depot: IMC Plan 2 
Table of Contents 
I. Executive Summary ...........................................................................................................1 
II. Background Information ................................................................................................. 4 
Values....................................................................................................................................5 
Products and Services:............................................................................................................7 
Financial Statistics .................................................................................................................8 
Competition ...........................................................................................................................8 
Current Marketing Strategies ..................................................................................................9 
III. Target Audience ............................................................................................................... 11 
Background Information ....................................................................................................... 12 
IV. SWOT Analysis .................................................................................................................14 
V. Campaign Objectives and Strategies............................................................................16 
Objectives: ........................................................................................................................... 16 
Strategies:............................................................................................................................ 16 
VI. Integrated Creative Strategy Statement .......................................................................18 
Integrated Creative Strategy Statement: ................................................................................. 18 
VII. Creative Brief .....................................................................................................................19 
Tactics: ................................................................................................................................ 19 
Target Audience: .................................................................................................................. 19 
Product Positioning: ............................................................................................................. 19 
Integrated Creative Strategy Statement: ................................................................................. 20 
Creative Considerations: ...................................................................................................... 20 
VIII. Creative Execution .......................................................................................................... 20 
IX. Media Objectives and Strategies .................................................................................. 24 
Objectives ............................................................................................................................ 24 
Strategies:............................................................................................................................ 24 
Tactics: ................................................................................................................................ 24 
X. Media Flow Chart ............................................................................................................ 28 
XI. Public Relations Strategies and Tactics ..................................................................... 29 
Objectives ............................................................................................................................ 29 
Strategies ............................................................................................................................. 29 
Tactics ................................................................................................................................. 29 
XII. Direct Marketing Plan .................................................................................................... 32
The Home Depot: IMC Plan 3 
Objectives: ........................................................................................................................... 32 
Tactics: ................................................................................................................................ 32 
XIII. Sales Promotion Plan ...................................................................................................... 33 
Objectives: ........................................................................................................................... 33 
Tactics: ................................................................................................................................ 34 
XIV. Measurement and Evaluation Plan.............................................................................. 35 
XV. Conclusion ........................................................................................................................ 36 
XVI. References ......................................................................................................................... 37
The Home Depot: IMC Plan 4 
Background Information 
The Home Depot is the largest home improvement retailer, the fourth largest retailer in 
the United States and the fifth largest retailer in the world. In 2010, they were ranked 29th on the 
Fortune 500 U.S. list. They sell products to do-it-yourself (DIY) customers, do-it-for-me (DIFM) 
customers and professional customers such as remodelers, general contractors, and repairmen 
(Friesner, 2014). 
The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. The two 
founders brought investment banker, Ken Langone, and merchandiser, Pat Farrah onboard to 
help bring their vision of a one-stop shopping experience for the do-it-yourselfer to life when 
they opened the first two stores on June 22, 1979 in Atlanta, Georgia. The first stores were about 
60,000 square feet and stocked 25,000 SKUs, which was much larger than the average hardware 
store at that time. Associates were able to offer great customer service, helping customers 
through various projects. They undergone a lot of product knowledge training and even offered 
clinics so customers could really learn how to do-it-themselves. The Home Depot revolutionized 
the home improvement industry by aiding customers, supplying them with the tools they needed 
and saving them money. Bernie and Arthur created the customers' bill of rights at The Home 
Depot. This meant the customers had the right to assortment, quantities and price and trained 
associates on the sales floors who were willing and able to take care of them. They had a "what it 
takes" philosophy about customer service meaning they were building relationships with their 
customers, rather than making transactions ("Our Company: History," 2014). 
In 1981, The Home Depot went public on NASDAQ and in 1984 moved to the New 
York Stock Exchange. For two decades, the company saw tremendous growth. They opened 
their first store in Canada in 1994 with the acquisition of Aikenhead's home improvement
The Home Depot: IMC Plan 5 
centers. In 2001, they opened their first store in Mexico through the acquisition of Total HOME, 
and 2006 opened stores in China after acquiring The Home Way, a 12 store chain ("Our 
Company: History," 2014). 
The Home Depot developed strategic product alliances with industry- leading 
manufacturers to offer the most exclusive assortment of products to customers. Through a 
combination of national brands and proprietary products like Ryobi® tools, RIDGID® tools, 
BEHR® paint, LG® appliances and Toro® and Cub Cadet® lawn equipment, the company set a 
high standard for innovative merchandise for the do-it-yourselfer and the professional contractor 
("Our Company: History," 2014). 
Values 
The Home Depot's values guide the beliefs and actions of all associates. They believe their 
values are the fabric of the Company's unique culture and are vital to their success. They also 
believe they give them a competitive advantage in the marketplace. According to their website, 
"associate pride and their "orangeblooded" entrepreneurial spirit are distinctive hallmarks of their 
culture" ("Our Company: Values", 2014). Their values include: 
1. Taking care of our people: 
The key to our success is treating people well. We do this by encouraging associates to 
speak up and take risks, by recognizing and rewarding good performance and by leading 
and developing people so they may grow. 
2. Giving back to our communities: 
An important part of the fabric of The Home Depot is giving our time, talents, energy and 
resources to worthwhile causes in our communities and society.
The Home Depot: IMC Plan 6 
3. Doing the right thing: 
We exercise good judgment by "doing the right thing" instead of just "doing things right." 
We strive to understand the impact of our decisions, and we accept responsibility for our 
actions. 
4. Excellent customer service: 
Along with our quality products, service, price and selection, we must go the extra mile to 
give customers knowledgeable advice about merchandise and to help them use those 
products to their maximum benefit. 
5. Creating shareholder value: 
The investors who provide the capital necessary to allow our company to grow need and 
expect a return on their investment. We are committed to providing it. 
6. Building strong relationships: 
Strong relationships are built on trust, honesty and integrity. We listen and respond to the 
needs of customers, associates, communities and vendors, treating them as partners. 
7. Entrepreneurial spirit: 
The Home Depot associates are encouraged to initiate creative and innovative ways of 
serving our customers and improving the business and to spread best practices throughout 
the company. 
8. Respect for all people: 
In order to remain successful, our associates must work in an environment of mutual 
respect, free of discrimination and harassment where each associate is regarded as a part 
of The Home Depot team.
The Home Depot: IMC Plan 7 
Products and Services: 
The Home Depot offers a variety of innovative merchandise and services for its customers 
because they believe that for most people, their home is the biggest financial and emotional 
investment they make. Their goal is to help consumers create the home of their dreams whether 
they want to do it themselves or have it done for them. They offer specialized support and 
services for professional contractors and tradespeople to ensure they have access to everything 
they need on the job site ("Our Company: Stores, Products and Services," 2014). 
Today, the Home Depot has more than 2,200 locations throughout the United States 
including the territories of Puerto Rico and the Virgin Islands, and have stores located 
internationally in Canada, Mexico and China. Each store averages 105,000 square feet with 
approximately 23,000 additional square feet of outside garden area. Each store has about 40,000 
different kinds of materials, home improvement supplies, appliances and lawn and garden 
equipment. Items do vary by store because they stock merchandise that matches what an area's 
market demands. They also offer a low price guarantee to beat competitors' prices. Their website 
and mobile app are also available to customers and provide another way to shop for products. 
They will also do special orders if the item you are looking for is unavailable ("Our Company: 
Stores, Products and Services," 2014). 
The Home Depot offers a variety of services for its customers. Home Services are available 
if customers do not want to take on a project themselves. They offer national installation services 
through a pre-screened independent contractor for a variety of products. They provide customers 
with Free How-To Clinics which allows them to get hands-on experience. Their classes are 
offered every Saturday and Sunday. They also have the largest garden club in the world. They 
provide Kids Workshops which allows children to have fun and learn new skills, and more than 
1 million children have built their first toolbox at one of the Kids Workshops. For their 
professional customers, the Home Depot offers special services and support to make them more
The Home Depot: IMC Plan 8 
successful at the job site. More 1,900 stores offer a contractor service desk which gains them 
access to loyalty programs, a pro bid room to handle large customer orders with volume 
discounts, direct ship programs, credit programs and other specialty sales initiatives. In 2002, the 
Home Depot Foundation was formed and have granted more than $270 million to nonprofit 
organizations to improve homes and lives in local communities. Since 2008, the Home Depot 
Framing Hope Program has donated $100 million worth of products to over 1,400 local 
charitable partners to renovate and rebuild homes. In 2010, The Home Depot announced a goal 
of cutting energy use in their stores by 5% by 2015, reducing energy use by 20% since 2004 
("Our Company: Stores, Products and Services," 2014). 
Financial Statistics 
The Home Depot has done well in the last four years and continues to grow. Their 
revenue in February 2014 was $78.8B, which increased $4B over 2013. It has risen $10B since 
2011. The cost of goods sold in 2014 was $51.4B which gives The Home Depot a gross profit of 
$27.4B. They decreased sales devoted to selling, general and administrative costs from 21.90% 
to 21.06% which contributes to their net income increasing from $4.5B in 2013 to $5.4B in 2014 
("HOME DEPOT INC (HD: New York Consolidated): Financial Statements - Businessweek," 
2014). 
Competition 
The primary competitors of The Home Depot are Lowe’s, Ace Hardware, Menard and 
True Value. Other competitors include Walmart, Target, Sears, Kmart, Amazon.com and 
Sherwin Williams. Lowe’s has actually been around a little longer than The Home Depot, but 
trail behind in market share. They have about 400 less stores than The Home Depot. They target 
the same market as The Home Depot, but Lowe’s has more female shoppers than The Home 
Depot. However Home Depot’s male shoppers are spending much more. While the Home Depot
The Home Depot: IMC Plan 9 
is ahead of Lowe’s in the home improvement industry, they are a serious competitor and need to 
remain ahead of the curve. 
Current Marketing Strategies 
The Home Depot has had many successful marketing campaigns including "Let's Do 
This" which is geared towards getting projects done. Their slogan "More Saving. More Doing" is 
very identifiable with the brand. They have made successful efforts to increase their presence in 
social media, which includes Facebook, Twitter, Tumblr, Pinterest and their app. They have even 
used YouTube for how-to instructions and product help (Belch & Belch, 2015, p. 514). 
The Home Depot has been successful on Twitter and have campaigns such as 
#LetsDoGameDay where they partnered up with ESPN College Game Day and tailgate with
The Home Depot: IMC Plan 10 
major college teams. They have also started @TeamDepot, which is a part of The Home Depot 
Foundation, and provides home improvements to the homes and lives of U.S. veterans. They are 
doing a special Celebration of Service campaign until Veteran’s Day this November. Another 
social media channel that has been successful is YouTube.com, where they post how-to videos 
for various projects.
The Home Depot: IMC Plan 11 
Target Audience 
Meet Emma Wilson and Derrick Hernandez. Emma is from Charlotte, North Carolina, 
and Derrick is from Katy, Texas. Newly engaged, they met at the University of North Carolina in 
Charlotte where Emma studied Psychology and Derrick studied Graphic Design. They moved to 
Nashville, Tennessee after Derrick was offered a job with a design firm six months after they 
graduated. Emma is working on her master’s degree at Middle Tennessee State University in 
Special Education and working as a Career Counselor at a local high school. They have an 
apartment in East Nashville, which is an upcoming neighborhood with a younger demographic. 
They have been in Nashville for about a year, and they both love everything the city has to offer. 
They are constantly on the go between work and the entertaining nightlife that Nashville 
has to offer. They enjoy being young and in the early stage of their lives, and are very focused on 
their careers. When they are home, they catch up on their favorite TV shows on hulu.com, and 
don’t feel the need to pay for regular cable. They stream everything online and are very tech 
savvy. Social media is also a huge part of their routines. Emma is obsessed with her Pinterest 
boards and regularly uses her smartphone to get more ideas of things to do around the house. 
Derrick is a big video gamer and loves watching YouTube for the latest information about 
upcoming products. 
Together, they have a Household Income of around $80,000 per year, which is just below 
the average in Nashville. They are not ready to buy their first home, but they want to improve 
their apartment so that it doesn’t look like they’re in college anymore. They want to entertain 
friends and family without committing to any major renovations. They also are not looking to 
start a family for at least five years because they really want to focus on themselves and become 
established in their careers.
The Home Depot: IMC Plan 12 
Background Information 
The Home Depot has many target markets. While the largest demographic, population 
wise, is that of the aging Baby Boomers, retailers tend to agree that one of the most important 
consumer demographics is a large portion Generation Y, which in more general terms are 
college-educated adults in their mid to late 20s and early 30s who haven't yet had children. 
Although this group has been labeled "generation debt" due to many taking out student loans that 
will require decades to repay and having grown up in the credit card era, they are very optimistic. 
This group is who retailers are aiming their marketing efforts toward to gain loyalty (Smith, 
2012). 
The members of the mid-20 to mid-30 demographic aren't just linked by their age. Many 
members of this group are college-educated and are perceived as having more discriminating 
tastes. They also have a wider exposure to the range of products and services available to them 
and the experience to research their choices and make the best decision on which products best 
fit their needs. The members of this group being childless is significant in that discretionary 
income may be spent on what they want and to fulfill immediate needs and items from the list of 
wants, especially with respect to electronic goods. Most of the members of this group are living 
on their own for the first time and are setting up their households, either independently or with a 
partner or roommate. They are beginning their careers and are purchasing items that give the 
sense of being well-off. This is why The Home Depot may appeal to their group because they 
carry products that are viewed as essential to establishing one's home (Smith, 2012). 
There are many psychological and sociological variables that influence the purchasing 
patterns of this target market. First, members of this demographic tend to seek immediate 
gratification. In a world of needing everything now, members are generally ready to make a 
purchase on the spot. Although they have many tools to conduct research, they rely heavily on 
word-of-mouth and media-generated buzz. They typically do not need persuasion by the sales
The Home Depot: IMC Plan 13 
associate because they are already sold. Adding to the immediate gratification factor, consumers 
in this group tend to seek a convenient and fast shopping experience. They expect sales staff to 
be available but prefer avoiding interaction because they view themselves as self-sufficient and 
knowledgeable about the products they buy (Smith, 2012). 
Another huge factor is a change in the mindset of Generation Y, which are now being 
called "Generation Right". Though they are more socially liberal and accepting of different 
lifestyles, according to the polling company Ipsos Mori, they are likely to be more politically 
Right-winged than the generations prior at the same age. An odd statistic that defines this group 
is the trend of partying is decreasing for young adults unlike generations before. The idea of 
young adults acting more mature is a huge benefit to retailers like The Home Depot as owning or 
remodeling your home is a more traditional idea. DIY mania has taken over, especially among 
females in this group thanks to Etsy.com and Pinterest. Gardening is now the fifth most popular 
leisure activity among young adults, and the New York Times called this group the "New 
Domestics". They are more into clean living and wholesome hobbies in comparison to the "Sex, 
Drugs and Rock-N-Roll" mindset of previous generations at the same age (Dove, 2014). 
Members within the mid-20s to mid-30s are completely different than generations before 
them. They are somewhat more mature and ready to make purchases for their new home earlier 
in their lives. Because of their need for instant gratification, this group doesn’t need as much 
attention on the sales floor as other markets because the majority already know what they are 
planning to buy once they walk into the store. They are an emerging group of self-sustainable 
and independent consumers who want to learn more about doing things on their own. The Home 
Depot has many products that this group is looking for and now just need to shift their efforts 
into drawing them into their stores. One huge benefit of capturing this group now and building 
loyalty to the brand is that they will grow and mature with the brand as they enter into different 
phases of their lives.
The Home Depot: IMC Plan 14 
SWOT Analysis 
The U.S. home improvement retail industry is a mature industry characterized by a high 
degree of market concentration and homogenous product line. The Home Depot is the leader in 
the industry, taking up 58% of the annual $129 billion dollar revenues. Lowes is the industry’s 
second-largest company taking up 39% of the annual revenue making them their biggest 
competitor (Hellman, 2014). After completing the SWOT analysis for The Home Depot, it’s 
easy to see that they have many important strengths including overall awareness of the brand. 
The Target Audience is already aware of The Home Depot and what they offer, and they already 
trust that they are getting the most trusted brands in the industry. 
There are a few internal threats from within the past ten years that are still being resolved. 
Prior to 2007, the management in place didn’t have the company’s values in mind when making 
decisions which left employees and customers unsatisfied. The Atlanta-based company’s stock 
prices had stagnated, and the company was losing ground to its rival, Lowe’s which prompted 
criticism for higher management. Since 2007, management has been working to regain the trust 
of their employees and customers (Banjo, 2014). 
However there are a few threats in targeting this audience. In conjunction with the U.S. 
housing market, the target audience’s homeownership trends are a huge threat. This group in the 
past has seen a huge decline in homeownership mainly because they just missed the Hosing 
Crisis causing fear among these buyers, but we are seeing this slowly start increasing some in the 
last two years. The good news is that the trend of them living with their parents is starting to 
decrease, meaning they are beginning to live on their own or with roommates (Kolko, 2014). 
This is an opportunity to create brand awareness and loyalty to this market now while they are 
just beginning their independence so that when they are in the market to buy their first home, 
The Home Depot is who they turn to, differentiating them from the competition.
The Home Depot: IMC Plan 15 
A huge opportunity is to increase social media and online presence, which will reach the 
target market much more effectively than more traditional channels. The behaviors of this group 
is much different to that of earlier generations, which is why it’s important to reach them on 
more non-traditional channels. Increasing awareness of the mobile app is a huge opportunity for 
this audience as they are more likely to shop on their mobile device. 
Strengths: 
 Brand Awareness 
 Industry Leader 
 Strong Media Tactics 
 High Quality Products and Services 
 Patents 
 Product Alliances 
 Number of Locations 
 Loyalty Programs 
 DIY Workshops 
Weaknesses: 
 Brand Differentiation 
 Weak Online Presence 
 Product Recalls 
Opportunities: 
 Create Loyalty within Target Market 
before they are homeowners 
 Larger Social Media Presence 
 Utilizing Mobile App 
 Online Presence 
 More interactive abilities within store, 
online and with mobile app 
 Associate training program 
Threats: 
 Declining Housing Market 
 Competitors’ rising industry revenues 
 Target Market’s Homeownership 
Trends
The Home Depot: IMC Plan 16 
Campaign Objectives and Strategies 
Objectives: 
Based on the SWOT Analysis, the campaign objects are: 
 Increase overall sales by 20% within 12 months among target audience 
 Increase awareness of DIY possibilities for members by educating our target audience 
 Increase social media presence by increasing frequency, improving content and targeting 
specific audience 
 Increase online purchasing by 20% from last year 
 Increase use of mobile app by 30% among target audience 
 Create more interactive advertisements and features in-store and through the app 
Strategies: 
To meet the objectives stated above, the following strategies are in place: 
 To increase social media presence, we plan to increase the consumers’ awareness of the 
brand on channels like Twitter, Facebook, Pinterest, YouTube and Tumbler. The target 
audience spends on average 17.4 hours per week on social media. We want to increase 
the frequency of advertising on these channels and also make these advertisements more 
interactive, influencing users to become involved with the messages. 
 One of the major opportunities is continued efforts to increase The Home Depot’s online 
presence. Last year, online sales of the company 50% to $2.7 billion, making up 3% of 
total sales. This is a huge opportunity to tap into the online market even further, 
especially being that the target market prefers online shopping. This group of consumers 
research products prior to buying and want to have a place to give their feedback of the 
items they are buying.
The Home Depot: IMC Plan 17 
 We will also increase awareness for The Home Depot mobile app by giving users 
exclusive offers for using and purchasing from their mobile devices. We know this will 
directly influence our target audience since 50% of this group uses their smartphones to 
research products. 
 Combining our efforts to create more interactive advertisements for our target audience, 
we want to influence this group once they are in the store as well by installing touch 
screen displays in specific locations within the store. Our audience are 216% more likely 
to be influence to purchase by the use of in-store touch screen displays. 
Along with the Marketing Strategies listed above, The Home Depot has an opportunity to 
improve its customer service by providing its employees with even more opportunities to learn 
about all of the products that are available to purchase in-store and online. Great customer 
service is what will differentiate them from the competition, and it’s important to train associates 
on how to sell to this group. Their target audience does not need a stereotypical sales pitch in 
order to make a purchase. They need employees who are there to answer questions when they 
have them and to help determine which product is the right choice for them. They have typically 
done the research and are ready to purchase prior to walking into the store, but they need 
employees who are able to steer them in the right direction. This doesn’t mean they can’t upsell, 
being that millennials are 52% more likely to make impulse purchases than previous groups. It’s 
also 33% more important for a sales associate to make a Generation Y customer smile than it is 
for a Baby Boomer, so employees need to be personable and really be authentic. 
These strategies will enable The Home Depot to complete the marketing objective of 
increasing sales by 20% within this target audience. Many of these customers are just starting 
out, and may not be in the market to purchase a home or to do a major renovation. However they 
are trying to become more independent by learning skills now to help them when the time comes
The Home Depot: IMC Plan 18 
to make those major purchases. That is why we will push our DIY programs to educate them on 
ways they can improve their homes or apartments. The Home Depot needs to build those 
relationships now so that they are the only brand they trust as their buying matures. 
Integrated Creative Strategy Statement 
Rational Benefits 
Mobile App 
Online Shopping 
Improving Home 
Free Education 
Competitive Prices 
Quality Products 
Emotional Benefits 
Actually oing It Yourself 
Independence 
Builds Confidence 
Promotes Creativity 
Integrated Creative Strategy Statement: 
Let’s turn your first place into the place to be! 
Rejected 
Creative 
Statements 
• I did this myself! 
•We did this ourselves! 
• I t was just an idea I 
had. 
• Let 's turn your first 
apartment into the 
t ime of your life. 
• Let 's make your place 
look like you got that 
big promot ion. 
• Let 's turn your DIY 
Board into reality. 
• Let 's make them think 
you spent a fortune. 
• Let 's proudly say, "I 
made it myself."
The Home Depot: IMC Plan 19 
Creative Brief 
To increase sales by 20% within 12 months among the target audience by increasing exposure to 
the brand through more untraditional channels, such as social media and the mobile app. 
Tactics: 
 To support the long-term goal of capturing this target audience which will create loyalty 
to The Home Depot brand for many years. 
 To increase the use of the mobile app among the target market. 
 To increase brand recognition by emphasizing social media channels such as Twitter, 
Facebook, YouTube, Pinterest and Instagram in campaign efforts 
Target Audience: 
The large portion of Generation Y in their mid-20s to mid-30s who are college educated and 
haven’t had children yet; HHI $50K+. They may or may not own their home. 
 What do they currently think? 
The Home Depot is the place to go for major renovation projects for homeowners. 
 What do we want them to think? 
The Home Depot is the place to buy everything you need for any DIY project, big or 
small. 
Product Positioning: 
From tools to how-to workshops, The Home Depot has everything needed to complete your next 
project either in-store or online, whether it’s a small DIY project or an entire renovation. 
 Easy-to-use mobile app that allows customers to shop from their smartphones. 
 Interactive guides online and in-store help you plan your next project.
The Home Depot: IMC Plan 20 
 Monthly DIY project packets for easy-to-make customizable projects for your home or 
garden. 
Integrated Creative Strategy Statement: 
Let’s turn your first place into the place to be. 
Creative Considerations: 
 Develop concepts that center around using the mobile app and online features. 
 Create interactive in-store and online features to aid customers in future projects. 
 Incorporate social media channels such as Pinterest, YouTube, Twitter, Facebook and 
Instagram. 
 Create an idea of affordability that looks expensive. 
 Use the idea of social interactions with friends and family around DIY projects. 
 Must be translated in both print and commercial forms. 
 Remain fluid in terms of current campaigns. 
Creative Execution 
One of our ideas for creative execution is a commercial campaign that will run on 
Hulu.com featuring interactive ads. There are 3 different concepts targeting the following 
groups within our target market: a single man, a single woman and a young couple. All three ads 
display DIY projects and use the Integrated Creative Strategy Statement. These concepts will 
provide market segmentation among the target audience. We do not want to go too far away 
from the current “Let’s Do This” campaign as brand recognition is very important in that I 
really like the concept they use of bringing different clips together for inspiration to the 
customers being shown. These ads will feature the #letsdothis hashtag, keeping familiarity with
The Home Depot: IMC Plan 21 
the current ads on traditional channels. The music used in the current commercials alone is very 
recognizable to the brand, and we do not want to confuse viewers. The idea behind this 
execution is reintroduce the target audience to The Home Depot. 
Here’s examples of the creative execution for the advertisements done for Hulu.com 
subscribers. These ads will run during the corresponding television shows. The following 
examples are for Gotham, New Girl, Once Upon A Time and The Mindy Project.
The Home Depot: IMC Plan 22
The Home Depot: IMC Plan 23
The Home Depot: IMC Plan 24 
Media Objectives and Strategies 
Objectives 
 Use online sources to advertise to target market over a 12-month period. 
 To reach at least 75% of target market a minimum of 3 times of 12-month period. 
 To increase use of The Home Depot app through mobile media by 30% within the 12- 
month period. 
Strategies: 
 45% of our budget will go toward advertising on Hulu.com, as this campaign will be 
a huge focus and will reach a large amount of our audience with interactive ads. 
 30% of our budget will go toward online and mobile media including social media, 
online websites sponsorships such as Youtube and Buzzfeed.com. We will also 
communicate all 12 months on The Home Depot’s website and mobile app. 
 25% of our budget will go toward traditional media, such as TV, radio, magazines 
and newspapers, specifically in areas where the DIY Block Parties will take place. 
Tactics: 
To meet the Media Objectives, we will use Hulu.com to promote The Home Depot to the 
target market. Hulu.com has over 6 million subscribers with 60% of them being ages 18-49, 
hitting our target market, and they are on over 400 million internet connected devices around the 
world. Hulu allows companies to custom-create ads and sponsorships that fit your needs, which 
ultimately drives higher engagements and results. Hulu charges companies 30 CPM for their 
advertisements. A great things about using Hulu is they have already done a lot of the research 
and know which ads are going to work in specific areas at specific times. They are also able to 
integrate specific ads for the specific device the viewer is using (“Hulu Advertising,” 2014). For
The Home Depot: IMC Plan 25 
The Home Depot’s Hulu campaign, we want to target specific shows that prove to have larger 
groups of our target market watching. Examples include: 
 New Girl 
 The Mindy Project 
 South Park 
 The Daily Show With Jon Stewart 
 The Colbert Report 
 Saturday Night Live 
 Nashville 
 Gotham 
 Once Upon A Time 
 Key and Peele 
 Broad City 
 The Voice 
 Community 
 Bob’s Burgers 
 Family Guy 
 Brooklyn Nine-Nine 
 Keeping Up With the Kardashians 
 Parks and Recreation 
 Selfie 
 @Midnight 
 Late Night with Seth Myers
The Home Depot: IMC Plan 26 
During the specific shows, interactive ads will be used to allow views to choose which 
ad they want to see. This will empower consumers to make selections based on personal 
preference, and the message is more likely to be heard. Another great feature about Hulu is that 
they only charge companies if the ads are watched in 100% completion, ensuring that the money 
for these advertisements is well-spent (“Hulu Advertising,” 2014). 
Another way we want to reach our target market is to have interactive ads within shows, 
and Hulu can make this happen. The idea behind our media is to reach our younger market by 
showcasing the DIY projects that can be done at your first place. An example of integrating this 
concept is by offering ‘How To’ DIY projects that are inspired by the show being streamed. An 
example is for the show The Mindy Project. In this show, Dr. Mindy Lihiri’s office is one of the 
many sets used throughout the show. During an episode, offer a link to a DIY project inspired 
by her office, which would allow fans of the show to create a similar space at home. This is one 
of many interactive ads that can used on a number of shows that Hulu has available to its 
subscribers. 
A specific example of a channel to be used for this campaign is a YouTube.com 
homepage takeover. YouTube has more than 1 billion viewers each month. Of that 1 billion, 
67% are between the ages of 18-34. Since the 78% of the total viewers are male, the YouTube 
campaign will be aimed at the male population within our target market (“YouTube: Statistics,” 
2014). The cost for a YouTube takeover is $400,000 and is sold in a package that includes 
stream video ads, display ads and feature video listings (Marshall, 2013). 
Another example of an online channel we will use is BuzzFeed to reach our target 
market. Buzzfeed.com receives over 150 million views each month, and 50% of this group is 
between the ages of 18-34, giving us a large portion of our market. Of that group 50% use their 
mobile devices and 75% of its traffic come from social services, which will help us increase the
The Home Depot: IMC Plan 27 
use of our mobile app by having DIY inspired articles and quizzes for its users to read about 
(“BuzzFeed Advertise: Content Worth Sharing,” 2014). 
We do not want to neglect more traditional channels, but Hulu.com is our primary 
channel. We will air commercials on national networks, radio, specifically targeted magazines 
and newspapers. Local advertising will be done in cities where the DIY Block Parties will be 
held. The majority of traditional media will be heavily online since our target audience are more 
easily reached online.
The Home Depot: IMC Plan 28 
Media Flow Chart 
Broadcast Media 
Hulu.com 
ABC 
CBS 
NBC 
ESPN 
HGTV 
Cartoon Network 
Radio 
Local 
National 
Satellite 
Mobile 
Home Depot Mobile App 
Mobile Ads for Phone Apps 
Magazines 
Wired 
HGTV 
The Knot 
TV 
Real Simple 
Maxim 
Men's and Women's Health 
Newspapers 
Local Weekly Ad Circulars 
Internet 
Social Media 
Facebook 
Twitter 
Pinterest 
Blogs 
YouTube 
Instagram 
Google+ 
Online/Digital Advertising 
Home Depot Website 
BuzzFeed.com 
Various Print Digital Editions 
Internet Radio 
Pandora 
3Q 2015 
July August September 
4Q 2015 
1Q 2015 2Q 2015 
January February March April May June 
October November December
The Home Depot: IMC Plan 29 
Public Relations Strategies and Tactics 
Objectives 
 To increase awareness to target audience of DIY project supplies available at The Home 
Depot. 
 To increase the use of The Home Depot mobile app by 30% 
 To empower millennials to complete DIY projects for their home and to help the 
community. 
 To raise $100,000 for The Home Depot Foundation in by Veteran’s Day 2015 
Strategies 
 The Home Depot will sponsor the #doityourselfblockparty project where they travel to 
25 cities in the country to host DIY Block Parties in younger neighborhoods and 
communities. 
 To involve customers from all over the world, the #DoItyYourselfBlockParty will also 
be made available on the mobile app. 
 These programs will also partner with The Home Depot Foundation to help raise money 
and awareness for Veterans 
Tactics 
To increase awareness for millennials about the DIY options at The Home Depot, they 
will travel to 25 major cities across the United States to host community DIY block parties. 
These parties will be located in central areas of younger neighborhoods within those cities, and 
all residents are welcome to attend. Admission will be free, but donations will be taken for The
The Home Depot: IMC Plan 30 
Home Depot Foundation. There will be workshops available to everyone, and activities for 
children so that parents can get involved in the projects. However our target is millennials in 
their first homes, single or married, without children. Attendees will have three options to 
choose from to make: a set of lamps, an indoor herb garden or a small bar. The 25 cities that 
will be chosen to hold the DIY Block Parties are: 
1. Colorado Springs, Colorado 
2. Milwaukee, Wisconsin 
3. Philadelphia, Pennsylvania 
4. San Diego, California 
5. Houston, Texas 
6. Austin, Texas 
7. Charlotte, North Carolina 
8. Tulsa, Oklahoma 
9. Nashville, Tennessee 
10. New York City, New York 
11. Miami, Florida 
12. Kansas City, Missouri 
13. Columbus, Ohio 
14. Albuquerque, New Mexico 
15. Tuscan, Arizona 
16. Omaha, Nebraska 
17. Boston, Massachusetts 
18. Washington, D.C. 
19. Denver, Colorado
The Home Depot: IMC Plan 31 
20. Long Beach, California 
21. Atlanta, Georgia 
22. Minneapolis, Minnesota 
23. Seattle, Washington 
24. San Francisco, California 
25. Portland, Oregon 
Along with these DIY Block Parties, there will be a campaign called 
#doityourselfblockparty where people from all over the world can be a part of the block parties 
by uploading selfies of themselves and their projects to the mobile app where it can be shared on 
The Home Depot’s social media and website. To keep the DIY Block Party going, there will be 
a new DIY project uploaded to the mobile app each month for members to do at home. They 
will be able to purchase the affordable DIY project kits, which include supplies, at their 
neighborhood Home Depot, and a portion of the cost goes to The Home Depot Foundation. 
Again, members will be able to upload pictures of each month’s projects to the mobile app to be 
shared on The Home Depot’s social media.
The Home Depot: IMC Plan 32 
Direct Marketing Plan 
Objectives: 
 Reach target audience located in specific cities that will host the 
#DoItYourselfBlockParty 
 Reach target audience that is not located in specific cities where the block parties will be 
held. 
 To keep target market in control of what information they are receiving. We do not want 
to overbear them with information, driving them away. 
 To remain in-line with overall marketing objectives, we want to communicate primarily 
by the mobile influencing users to download and shop from their phones. 
 Remain strong on social media such as Twitter and YouTube, but really begin to 
communicate with target audience through social media, allowing them to get involved. 
Tactics: 
 Direct Mail invitation to DIY Block Party for those customers 25-mile radius of DIY 
Block Parties. An email will also be sent to those within a 50-mile radius. Alerts will be 
sent through the mobile app. 
 Communicate primarily through the mobile app to the DIY Club, which is targeted from 
the DIY block parties. 
 Offer monthly emails if the customers decides to sign up. 
 Hold contests through social media allowing followers to remain involved in the 
campaigns. 
 Provide a mobile update when the monthly DIY project is made available.
The Home Depot: IMC Plan 33 
 Update customizable options for customers who sign up for emails. It will be very 
straightforward so that they are receiving the information they want, the way they want 
it. This will also include a direct mail option 
Sales Promotion Plan 
Objectives: 
 Increase mobile app downloads by providing an in-store and online incentive for 
downloading. 
 Continue the DIY Block Party throughout the year and reach the target audience not 
located in the specific cities that were targeted. 
 To influence target market to complete surveys about their shopping experiences online, 
in-store and with the mobile app.
The Home Depot: IMC Plan 34 
Tactics: 
Because we want our primary channel for the #DoItYourselfBlockParty to be the mobile 
app, we will target our audience by offering exclusive mobile app discounts beginning in the 
month of February. 
 Offer 20% instant discount for downloaded The Home Depot’s mobile app while in-store. 
Sales associates would help assist customers if needed. 
 Provide current mobile app users a 25% “Thank You” discount. 
 Promote the mobile app through social media channels by offering the 20% off discount 
online at checkout. 
 A DIY Club will be established for those interested in learning more about the program 
and targeted to those within group. This group will receive monthly alerts via mobile app 
and email about the new DIY projects that can be completed. 
 Provide discounts for individuals willing to complete surveys about their experience.
The Home Depot: IMC Plan 35 
Measurement and Evaluation Plan 
The objectives in this IMC plan is to increase sales in-store but primarily through the 
mobile app and online sales to the target audience. By gathering information, these objectives 
will be measured throughout the 12-month period. We will conduct both pre- and post-testing to 
see how effectively we were able to meet our objectives and capture our target audience. 
 Prior to beginning the IMC Plan, The Home Depot will conduct a variety of test groups 
to analysis how the target market feel about the brand. We want to know what their 
perception is of The Home Depot and what would need to be done in order to make them 
loyal. 
 These tests will also be conducted at the end of the 12 month period to see their 
perceptions changed. 
 Social media metrics will also be closely watched as we begin the plan on channels such 
as Facebook, Twitter, Instagram, YouTube and Pinterest. We want to make sure we are 
effectively reaching our audience and make adjustments if we notice any trends. 
 We want to push surveys for our mobile app, online and in-store experiences so that we 
can effectively make adjustments if needed. 
 We’ll also provide incentives for completing those surveys.
The Home Depot: IMC Plan 36 
Conclusion 
The Integrated Marketing Communications Plan for The Home Depot is designed to 
capture the target audience in their early stage of buying to create brand loyalty, which will 
enable them to continue to purchase as they go into the next phase of their lives. The marketing, 
creative, media, public relations, direct marketing and sales promotions objectives and tactics are 
to support the overall objective of this plan over a 12 month period. These objectives will be 
evaluated and measured pre- and post-plan, and adjustments will be made throughout to support 
trends. Once completed, this plan should meet its objectives.
The Home Depot: IMC Plan 37 
References 
Banjo, S. (2014, February 28). Home depot sets up for CEO succession as focus shifts to web; 
retailer names Craig menear as U.S. retail president. Wall Street Journal (Online). 
Retrieved from http://search.proquest.com/docview/1503030876?accountid=2837 
Belch, G., & Belch, M. (2014). Advertising and Promotion: An Integrated Marketing 
Communications Perspective (10th ed.). New York, NY: McGraw-Hill. 
BuzzFeed Advertise: Content Worth Sharing. (2014). Retrieved from 
http://www.buzzfeed.com/advertise 
Cramer, B. (2014, March 6). The Home Improvement Retail Industry analysis. Retrieved from 
http://www.bidnessetc.com/business/the-home- improvement-retail-industry-analysis/ 
Dove, R. (2014, August 31). Charting the rise of Generation Yawn: 20 is the new 40 - Telegraph. 
Retrieved from 
http://www.telegraph.co.uk/women/womens- life/11061434/Charting-the-rise-of- 
Generation-Yawn-20-is-the-new-40.html 
Friesner, T. (2014, May 8). Home Depot SWOT - Marketing Teacher. Retrieved from 
http://www.marketingteacher.com/home-depot-swot/ 
Friesner, T. (2014, May 9). Home Depot Marketing Mix - Marketing Teacher. Retrieved from 
http://www.marketingteacher.com/home-depot-marketing-mix/
The Home Depot: IMC Plan 38 
Guerringue, L. (2013, April 19). Can PR Professionals Continue to Reach Millennials Using 
Traditional Media? Retrieved from 
http://www.newsgeneration.com/2013/04/19/traditonal_media_millennial/ 
Hellman, J. (2014, January 21). The Home Depot: A Short SWOT Analysis. Retrieved from 
http://www.valueline.com/Stocks/Highlights/The_Home_Depot__A_SWOT_Analysis.aspx 
#.VA4rYfldWpc 
The Home Depot Business Toolbox: SWOT Analysis. (2014). Retrieved from 
http://www.homedepot.com/hdus/en_US/DTCCOM/HomePage/PRO/Pro_Business/Docs/S 
WOT-Analysis.pdf 
The Home Depot Foundation. (2014). Retrieved from http://www.homedepotfoundation.org/ 
HOME DEPOT INC (HD:New York Consolidated): Financial Statements - Businessweek. 
(2014, August 29). Retrieved from 
http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=HD 
Home Improvement Made Easy with New Lower Prices | Improve & Repair. (2014). Retrieved 
from http://www.homedepot.com/ 
Honigman, B. (2013, August 5). How Millennials are Shopping: 20 Interesting Statistics & 
Figures — Medium. Retrieved from https://medium.com/@brianhonigman/how-millennials- 
are-shopping-20-interesting-statistics-figures-c76fb1231fbb 
Hulu Advertising. (2014). Retrieved from http://www.hulu.com/advertising/
The Home Depot: IMC Plan 39 
Kolodziej, C. (2014, February 11). Reaching Millennials With Mobile - Direct Marketing News. 
Retrieved from http://www.dmnews.com/reaching-millennials-with-mobile/article/333598/ 
Marshall, J. (2013, February 22). What Online Ads Really Cost - Digiday. Retrieved from 
http://digiday.com/publishers/what-online-ads-really-cost/ 
Our Company: History. (2014). Retrieved from 
https://corporate.homedepot.com/OurCompany/History/Pages/default.aspx 
Our Company: Stores, Products and Services. (2014). Retrieved from 
https://corporate.homedepot.com/OurCompany/Values/Pages/default.aspx 
Our Company: Values. (2014). Retrieved from 
https://corporate.homedepot.com/OurCompany/Values/Pages/default.aspx 
Simpson, P. (2014, June 30). 45% of Millennials Aren't Compelled by Content - Direct 
Marketing News. Retrieved from http://www.dmnews.com/45-of-millennials-arent-compelled- 
by-content/article/358275/ 
Sinkinson, T. (2013, June 6). PR for Millennials: The Five-Factor Recipe for a Winning 
Campaign | Bulldog Reporter. Retrieved from 
http://www.bulldogreporter.com/dailydog/article/winning-pr-campaigns/pr- for-millennials-the- 
five-factor-recipe- for-a-winning-campai 
Smith, N. (2012, January 16). Consumer Demographics: Marketing Case Study of Home Depot 
and Best Buy. Retrieved from http://www.articlemyriad.com/consumer-demographics-marketing- 
case-study-home-depot-buy/
The Home Depot: IMC Plan 40 
Stone, M. (2013, November 7). Vocativ: Best Cities For People Under 35 - Business Insider. 
Retrieved from http://www.businessinsider.com/vocativ-best-cities- for-people-under-35- 
2013-11?op=1 
Wenz, D. (2014). How to Reach Millennials Through Mobile Email Marketing - BusinessBee. 
Retrieved from http://www.businessbee.com/resources/marketing/reach-millennials-mobile- 
email-marketing/ 
What kind of CPM does Hulu charge advertisers? - Quora. (2011, February 3). Retrieved from 
http://www.quora.com/What-kind-of-CPM-does-Hulu-charge-advertisers 
YouTube: Statistics. (2014). Retrieved from https://www.youtube.com/yt/press/statistics.html

Más contenido relacionado

La actualidad más candente

IMC 610 - The Home Depot IMC Campaign
IMC 610 - The Home Depot IMC CampaignIMC 610 - The Home Depot IMC Campaign
IMC 610 - The Home Depot IMC CampaignAshley Santore, M.S.
 
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...Bethany Luck-Hutson
 
The Creative Brief: An Introduction
The Creative Brief: An IntroductionThe Creative Brief: An Introduction
The Creative Brief: An Introductionedward boches
 
Integrated Marketing Campaign: American Red Cross ~ Capstone
Integrated Marketing Campaign: American Red Cross ~ CapstoneIntegrated Marketing Campaign: American Red Cross ~ Capstone
Integrated Marketing Campaign: American Red Cross ~ CapstoneNathan Pieratt
 
Example of-marketing-communication-plan
Example of-marketing-communication-planExample of-marketing-communication-plan
Example of-marketing-communication-planMr Nyak
 
Integrated Marketing Communications Proposal
Integrated Marketing Communications Proposal Integrated Marketing Communications Proposal
Integrated Marketing Communications Proposal Kate LaCorte
 
Strategic Planning Cheats
Strategic Planning CheatsStrategic Planning Cheats
Strategic Planning CheatsAndreas Krasser
 
Integrated Marketing Communications Plan for St. Jude
Integrated Marketing Communications Plan for St. JudeIntegrated Marketing Communications Plan for St. Jude
Integrated Marketing Communications Plan for St. JudeJared Preusz
 
Building A Brand Foundation
Building A Brand FoundationBuilding A Brand Foundation
Building A Brand FoundationMM Brand Agency
 
Integrated marketing plan for oreo cookies
Integrated marketing plan for oreo cookiesIntegrated marketing plan for oreo cookies
Integrated marketing plan for oreo cookiesNot yet
 
Integration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donutsIntegration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donutsNikhil Saraf
 
Public Relations Plan Playbook
Public Relations Plan PlaybookPublic Relations Plan Playbook
Public Relations Plan PlaybookDemand Metric
 
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough Thinking
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough ThinkingCreative Business Ideas: 10 Years of Euro RSCG Breakthrough Thinking
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough ThinkingEuroRSCGMoscow
 
What is Comms Planning?
What is Comms Planning?What is Comms Planning?
What is Comms Planning?Julian Cole
 
Final Campaign for IMC 618 at WVU
Final Campaign for IMC 618 at WVUFinal Campaign for IMC 618 at WVU
Final Campaign for IMC 618 at WVUAaron Weese
 
Bloomingdale's social media strategy
Bloomingdale's social media strategyBloomingdale's social media strategy
Bloomingdale's social media strategyMadeleine DeSena
 

La actualidad más candente (20)

Must PR Proposal
Must PR ProposalMust PR Proposal
Must PR Proposal
 
IMC 610 - The Home Depot IMC Campaign
IMC 610 - The Home Depot IMC CampaignIMC 610 - The Home Depot IMC Campaign
IMC 610 - The Home Depot IMC Campaign
 
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...
Engaging Millennials: An Integrated Marketing Campaign Proposal for St. Jude ...
 
The Creative Brief: An Introduction
The Creative Brief: An IntroductionThe Creative Brief: An Introduction
The Creative Brief: An Introduction
 
Integrated Marketing Campaign: American Red Cross ~ Capstone
Integrated Marketing Campaign: American Red Cross ~ CapstoneIntegrated Marketing Campaign: American Red Cross ~ Capstone
Integrated Marketing Campaign: American Red Cross ~ Capstone
 
Example of-marketing-communication-plan
Example of-marketing-communication-planExample of-marketing-communication-plan
Example of-marketing-communication-plan
 
Integrated Marketing Communications Proposal
Integrated Marketing Communications Proposal Integrated Marketing Communications Proposal
Integrated Marketing Communications Proposal
 
Strategic Planning Cheats
Strategic Planning CheatsStrategic Planning Cheats
Strategic Planning Cheats
 
Creative Brief Workshop
Creative Brief WorkshopCreative Brief Workshop
Creative Brief Workshop
 
Integrated Marketing Communications Plan for St. Jude
Integrated Marketing Communications Plan for St. JudeIntegrated Marketing Communications Plan for St. Jude
Integrated Marketing Communications Plan for St. Jude
 
PR Proposal
PR ProposalPR Proposal
PR Proposal
 
Building A Brand Foundation
Building A Brand FoundationBuilding A Brand Foundation
Building A Brand Foundation
 
Integrated marketing plan for oreo cookies
Integrated marketing plan for oreo cookiesIntegrated marketing plan for oreo cookies
Integrated marketing plan for oreo cookies
 
Integration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donutsIntegration Marketing Communication Plan - Dunkin donuts
Integration Marketing Communication Plan - Dunkin donuts
 
Public Relations Plan Playbook
Public Relations Plan PlaybookPublic Relations Plan Playbook
Public Relations Plan Playbook
 
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough Thinking
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough ThinkingCreative Business Ideas: 10 Years of Euro RSCG Breakthrough Thinking
Creative Business Ideas: 10 Years of Euro RSCG Breakthrough Thinking
 
What is Comms Planning?
What is Comms Planning?What is Comms Planning?
What is Comms Planning?
 
Brand Plan Workshop
Brand Plan WorkshopBrand Plan Workshop
Brand Plan Workshop
 
Final Campaign for IMC 618 at WVU
Final Campaign for IMC 618 at WVUFinal Campaign for IMC 618 at WVU
Final Campaign for IMC 618 at WVU
 
Bloomingdale's social media strategy
Bloomingdale's social media strategyBloomingdale's social media strategy
Bloomingdale's social media strategy
 

Similar a The Home Depot IMC Plan Targets Young Professionals

IMC 610: Integrated Communications Plan for Home Depot (final project)
IMC 610: Integrated Communications Plan for Home Depot (final project)IMC 610: Integrated Communications Plan for Home Depot (final project)
IMC 610: Integrated Communications Plan for Home Depot (final project)Denisse Leon
 
Home Depot Integrated Marketing Campaign Plan for IMC 610
Home Depot Integrated Marketing Campaign Plan for IMC 610Home Depot Integrated Marketing Campaign Plan for IMC 610
Home Depot Integrated Marketing Campaign Plan for IMC 610Genifer Snipes
 
IMC 610: Home Depot IMC Campaign
IMC 610: Home Depot IMC CampaignIMC 610: Home Depot IMC Campaign
IMC 610: Home Depot IMC CampaignAmie Fouchie
 
IPA Careers Presentation
IPA Careers PresentationIPA Careers Presentation
IPA Careers PresentationThe_IPA
 
Building a Brand Platform and Marketing Products
Building a Brand Platform and Marketing ProductsBuilding a Brand Platform and Marketing Products
Building a Brand Platform and Marketing ProductsFelicia C. Sullivan
 
Module 2 environment & market
Module 2   environment & marketModule 2   environment & market
Module 2 environment & marketGilbert Bautista
 
Module 2 environment & market
Module 2   environment & marketModule 2   environment & market
Module 2 environment & marketGilbert Bautista
 
(Neos Chronos Business Model Canvas Word) (Neos Chronos B
 (Neos Chronos Business Model Canvas Word) (Neos Chronos B (Neos Chronos Business Model Canvas Word) (Neos Chronos B
(Neos Chronos Business Model Canvas Word) (Neos Chronos BVannaJoy20
 
How to Build A Big Brand Without Money In 2024.pdf
How to Build A Big Brand Without Money In 2024.pdfHow to Build A Big Brand Without Money In 2024.pdf
How to Build A Big Brand Without Money In 2024.pdfSmartSkill97
 
Session - Brand identity vs image.pptx
Session - Brand identity vs image.pptxSession - Brand identity vs image.pptx
Session - Brand identity vs image.pptxNitika Kapoor
 
Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Stephanie Holman
 
Agency disruption and evolving new business models
Agency disruption and evolving new business modelsAgency disruption and evolving new business models
Agency disruption and evolving new business modelsTHE MAIN
 

Similar a The Home Depot IMC Plan Targets Young Professionals (20)

IMC 610: Integrated Communications Plan for Home Depot (final project)
IMC 610: Integrated Communications Plan for Home Depot (final project)IMC 610: Integrated Communications Plan for Home Depot (final project)
IMC 610: Integrated Communications Plan for Home Depot (final project)
 
Home Depot Integrated Marketing Campaign Plan for IMC 610
Home Depot Integrated Marketing Campaign Plan for IMC 610Home Depot Integrated Marketing Campaign Plan for IMC 610
Home Depot Integrated Marketing Campaign Plan for IMC 610
 
jantholzner_610_week9
jantholzner_610_week9jantholzner_610_week9
jantholzner_610_week9
 
IMC_Campaign
IMC_CampaignIMC_Campaign
IMC_Campaign
 
IMC 610: Home Depot IMC Campaign
IMC 610: Home Depot IMC CampaignIMC 610: Home Depot IMC Campaign
IMC 610: Home Depot IMC Campaign
 
ModDesignsCo.Plan
ModDesignsCo.PlanModDesignsCo.Plan
ModDesignsCo.Plan
 
IPA Careers Presentation
IPA Careers PresentationIPA Careers Presentation
IPA Careers Presentation
 
Building a Brand Platform and Marketing Products
Building a Brand Platform and Marketing ProductsBuilding a Brand Platform and Marketing Products
Building a Brand Platform and Marketing Products
 
Module 2 environment & market
Module 2   environment & marketModule 2   environment & market
Module 2 environment & market
 
Module 2 environment & market
Module 2   environment & marketModule 2   environment & market
Module 2 environment & market
 
(Neos Chronos Business Model Canvas Word) (Neos Chronos B
 (Neos Chronos Business Model Canvas Word) (Neos Chronos B (Neos Chronos Business Model Canvas Word) (Neos Chronos B
(Neos Chronos Business Model Canvas Word) (Neos Chronos B
 
Entrepreneurship.pdf
Entrepreneurship.pdfEntrepreneurship.pdf
Entrepreneurship.pdf
 
How to Build A Big Brand Without Money In 2024.pdf
How to Build A Big Brand Without Money In 2024.pdfHow to Build A Big Brand Without Money In 2024.pdf
How to Build A Big Brand Without Money In 2024.pdf
 
Marketing Management (EBU2303)
Marketing Management (EBU2303)Marketing Management (EBU2303)
Marketing Management (EBU2303)
 
Entrepreneurship.pdf
Entrepreneurship.pdfEntrepreneurship.pdf
Entrepreneurship.pdf
 
Session - Brand identity vs image.pptx
Session - Brand identity vs image.pptxSession - Brand identity vs image.pptx
Session - Brand identity vs image.pptx
 
final doc
final docfinal doc
final doc
 
Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610Home Depot Integrated Marketing Communications Plan - IMC 610
Home Depot Integrated Marketing Communications Plan - IMC 610
 
Agency disruption and evolving new business models
Agency disruption and evolving new business modelsAgency disruption and evolving new business models
Agency disruption and evolving new business models
 
Opportunity analysis (2)
Opportunity analysis (2)Opportunity analysis (2)
Opportunity analysis (2)
 

Último

Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Celine George
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...fonyou31
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...Pooja Nehwal
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Krashi Coaching
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104misteraugie
 
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...Sapna Thakur
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesFatimaKhan178732
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfchloefrazer622
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionSafetyChain Software
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 

Último (20)

Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...Russian Call Girls in Andheri Airport Mumbai WhatsApp  9167673311 💞 Full Nigh...
Russian Call Girls in Andheri Airport Mumbai WhatsApp 9167673311 💞 Full Nigh...
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
 
Separation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and ActinidesSeparation of Lanthanides/ Lanthanides and Actinides
Separation of Lanthanides/ Lanthanides and Actinides
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdf
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
Mastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory InspectionMastering the Unannounced Regulatory Inspection
Mastering the Unannounced Regulatory Inspection
 
Advance Mobile Application Development class 07
Advance Mobile Application Development class 07Advance Mobile Application Development class 07
Advance Mobile Application Development class 07
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 

The Home Depot IMC Plan Targets Young Professionals

  • 1. Integrated Marketing Communications Plan Alaina Moore West Virginia University IMC 610 Fall 2014
  • 2. The Home Depot: IMC Plan 1 Executive Summary In this paper, you will find the Integrated Marketing Communications Plan for The Home Depot, targeting men and women, ages 25-35, with a college degree, without children who may or may not own a home. A lot of research has been collected to determine The Home Depot’s strengths, weaknesses, opportunities and threats. The target audience for this plan offers an opportunity for The Home Depot to capture this upcoming generation of consumers and to create brand loyalty while in the early stage of the buying life cycle. This plan outlines the marketing, creative, media, public relations, direct marketing and sales promotion objectives and tactics needed to capture this target audience and to make this plan successful.
  • 3. The Home Depot: IMC Plan 2 Table of Contents I. Executive Summary ...........................................................................................................1 II. Background Information ................................................................................................. 4 Values....................................................................................................................................5 Products and Services:............................................................................................................7 Financial Statistics .................................................................................................................8 Competition ...........................................................................................................................8 Current Marketing Strategies ..................................................................................................9 III. Target Audience ............................................................................................................... 11 Background Information ....................................................................................................... 12 IV. SWOT Analysis .................................................................................................................14 V. Campaign Objectives and Strategies............................................................................16 Objectives: ........................................................................................................................... 16 Strategies:............................................................................................................................ 16 VI. Integrated Creative Strategy Statement .......................................................................18 Integrated Creative Strategy Statement: ................................................................................. 18 VII. Creative Brief .....................................................................................................................19 Tactics: ................................................................................................................................ 19 Target Audience: .................................................................................................................. 19 Product Positioning: ............................................................................................................. 19 Integrated Creative Strategy Statement: ................................................................................. 20 Creative Considerations: ...................................................................................................... 20 VIII. Creative Execution .......................................................................................................... 20 IX. Media Objectives and Strategies .................................................................................. 24 Objectives ............................................................................................................................ 24 Strategies:............................................................................................................................ 24 Tactics: ................................................................................................................................ 24 X. Media Flow Chart ............................................................................................................ 28 XI. Public Relations Strategies and Tactics ..................................................................... 29 Objectives ............................................................................................................................ 29 Strategies ............................................................................................................................. 29 Tactics ................................................................................................................................. 29 XII. Direct Marketing Plan .................................................................................................... 32
  • 4. The Home Depot: IMC Plan 3 Objectives: ........................................................................................................................... 32 Tactics: ................................................................................................................................ 32 XIII. Sales Promotion Plan ...................................................................................................... 33 Objectives: ........................................................................................................................... 33 Tactics: ................................................................................................................................ 34 XIV. Measurement and Evaluation Plan.............................................................................. 35 XV. Conclusion ........................................................................................................................ 36 XVI. References ......................................................................................................................... 37
  • 5. The Home Depot: IMC Plan 4 Background Information The Home Depot is the largest home improvement retailer, the fourth largest retailer in the United States and the fifth largest retailer in the world. In 2010, they were ranked 29th on the Fortune 500 U.S. list. They sell products to do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers such as remodelers, general contractors, and repairmen (Friesner, 2014). The Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank. The two founders brought investment banker, Ken Langone, and merchandiser, Pat Farrah onboard to help bring their vision of a one-stop shopping experience for the do-it-yourselfer to life when they opened the first two stores on June 22, 1979 in Atlanta, Georgia. The first stores were about 60,000 square feet and stocked 25,000 SKUs, which was much larger than the average hardware store at that time. Associates were able to offer great customer service, helping customers through various projects. They undergone a lot of product knowledge training and even offered clinics so customers could really learn how to do-it-themselves. The Home Depot revolutionized the home improvement industry by aiding customers, supplying them with the tools they needed and saving them money. Bernie and Arthur created the customers' bill of rights at The Home Depot. This meant the customers had the right to assortment, quantities and price and trained associates on the sales floors who were willing and able to take care of them. They had a "what it takes" philosophy about customer service meaning they were building relationships with their customers, rather than making transactions ("Our Company: History," 2014). In 1981, The Home Depot went public on NASDAQ and in 1984 moved to the New York Stock Exchange. For two decades, the company saw tremendous growth. They opened their first store in Canada in 1994 with the acquisition of Aikenhead's home improvement
  • 6. The Home Depot: IMC Plan 5 centers. In 2001, they opened their first store in Mexico through the acquisition of Total HOME, and 2006 opened stores in China after acquiring The Home Way, a 12 store chain ("Our Company: History," 2014). The Home Depot developed strategic product alliances with industry- leading manufacturers to offer the most exclusive assortment of products to customers. Through a combination of national brands and proprietary products like Ryobi® tools, RIDGID® tools, BEHR® paint, LG® appliances and Toro® and Cub Cadet® lawn equipment, the company set a high standard for innovative merchandise for the do-it-yourselfer and the professional contractor ("Our Company: History," 2014). Values The Home Depot's values guide the beliefs and actions of all associates. They believe their values are the fabric of the Company's unique culture and are vital to their success. They also believe they give them a competitive advantage in the marketplace. According to their website, "associate pride and their "orangeblooded" entrepreneurial spirit are distinctive hallmarks of their culture" ("Our Company: Values", 2014). Their values include: 1. Taking care of our people: The key to our success is treating people well. We do this by encouraging associates to speak up and take risks, by recognizing and rewarding good performance and by leading and developing people so they may grow. 2. Giving back to our communities: An important part of the fabric of The Home Depot is giving our time, talents, energy and resources to worthwhile causes in our communities and society.
  • 7. The Home Depot: IMC Plan 6 3. Doing the right thing: We exercise good judgment by "doing the right thing" instead of just "doing things right." We strive to understand the impact of our decisions, and we accept responsibility for our actions. 4. Excellent customer service: Along with our quality products, service, price and selection, we must go the extra mile to give customers knowledgeable advice about merchandise and to help them use those products to their maximum benefit. 5. Creating shareholder value: The investors who provide the capital necessary to allow our company to grow need and expect a return on their investment. We are committed to providing it. 6. Building strong relationships: Strong relationships are built on trust, honesty and integrity. We listen and respond to the needs of customers, associates, communities and vendors, treating them as partners. 7. Entrepreneurial spirit: The Home Depot associates are encouraged to initiate creative and innovative ways of serving our customers and improving the business and to spread best practices throughout the company. 8. Respect for all people: In order to remain successful, our associates must work in an environment of mutual respect, free of discrimination and harassment where each associate is regarded as a part of The Home Depot team.
  • 8. The Home Depot: IMC Plan 7 Products and Services: The Home Depot offers a variety of innovative merchandise and services for its customers because they believe that for most people, their home is the biggest financial and emotional investment they make. Their goal is to help consumers create the home of their dreams whether they want to do it themselves or have it done for them. They offer specialized support and services for professional contractors and tradespeople to ensure they have access to everything they need on the job site ("Our Company: Stores, Products and Services," 2014). Today, the Home Depot has more than 2,200 locations throughout the United States including the territories of Puerto Rico and the Virgin Islands, and have stores located internationally in Canada, Mexico and China. Each store averages 105,000 square feet with approximately 23,000 additional square feet of outside garden area. Each store has about 40,000 different kinds of materials, home improvement supplies, appliances and lawn and garden equipment. Items do vary by store because they stock merchandise that matches what an area's market demands. They also offer a low price guarantee to beat competitors' prices. Their website and mobile app are also available to customers and provide another way to shop for products. They will also do special orders if the item you are looking for is unavailable ("Our Company: Stores, Products and Services," 2014). The Home Depot offers a variety of services for its customers. Home Services are available if customers do not want to take on a project themselves. They offer national installation services through a pre-screened independent contractor for a variety of products. They provide customers with Free How-To Clinics which allows them to get hands-on experience. Their classes are offered every Saturday and Sunday. They also have the largest garden club in the world. They provide Kids Workshops which allows children to have fun and learn new skills, and more than 1 million children have built their first toolbox at one of the Kids Workshops. For their professional customers, the Home Depot offers special services and support to make them more
  • 9. The Home Depot: IMC Plan 8 successful at the job site. More 1,900 stores offer a contractor service desk which gains them access to loyalty programs, a pro bid room to handle large customer orders with volume discounts, direct ship programs, credit programs and other specialty sales initiatives. In 2002, the Home Depot Foundation was formed and have granted more than $270 million to nonprofit organizations to improve homes and lives in local communities. Since 2008, the Home Depot Framing Hope Program has donated $100 million worth of products to over 1,400 local charitable partners to renovate and rebuild homes. In 2010, The Home Depot announced a goal of cutting energy use in their stores by 5% by 2015, reducing energy use by 20% since 2004 ("Our Company: Stores, Products and Services," 2014). Financial Statistics The Home Depot has done well in the last four years and continues to grow. Their revenue in February 2014 was $78.8B, which increased $4B over 2013. It has risen $10B since 2011. The cost of goods sold in 2014 was $51.4B which gives The Home Depot a gross profit of $27.4B. They decreased sales devoted to selling, general and administrative costs from 21.90% to 21.06% which contributes to their net income increasing from $4.5B in 2013 to $5.4B in 2014 ("HOME DEPOT INC (HD: New York Consolidated): Financial Statements - Businessweek," 2014). Competition The primary competitors of The Home Depot are Lowe’s, Ace Hardware, Menard and True Value. Other competitors include Walmart, Target, Sears, Kmart, Amazon.com and Sherwin Williams. Lowe’s has actually been around a little longer than The Home Depot, but trail behind in market share. They have about 400 less stores than The Home Depot. They target the same market as The Home Depot, but Lowe’s has more female shoppers than The Home Depot. However Home Depot’s male shoppers are spending much more. While the Home Depot
  • 10. The Home Depot: IMC Plan 9 is ahead of Lowe’s in the home improvement industry, they are a serious competitor and need to remain ahead of the curve. Current Marketing Strategies The Home Depot has had many successful marketing campaigns including "Let's Do This" which is geared towards getting projects done. Their slogan "More Saving. More Doing" is very identifiable with the brand. They have made successful efforts to increase their presence in social media, which includes Facebook, Twitter, Tumblr, Pinterest and their app. They have even used YouTube for how-to instructions and product help (Belch & Belch, 2015, p. 514). The Home Depot has been successful on Twitter and have campaigns such as #LetsDoGameDay where they partnered up with ESPN College Game Day and tailgate with
  • 11. The Home Depot: IMC Plan 10 major college teams. They have also started @TeamDepot, which is a part of The Home Depot Foundation, and provides home improvements to the homes and lives of U.S. veterans. They are doing a special Celebration of Service campaign until Veteran’s Day this November. Another social media channel that has been successful is YouTube.com, where they post how-to videos for various projects.
  • 12. The Home Depot: IMC Plan 11 Target Audience Meet Emma Wilson and Derrick Hernandez. Emma is from Charlotte, North Carolina, and Derrick is from Katy, Texas. Newly engaged, they met at the University of North Carolina in Charlotte where Emma studied Psychology and Derrick studied Graphic Design. They moved to Nashville, Tennessee after Derrick was offered a job with a design firm six months after they graduated. Emma is working on her master’s degree at Middle Tennessee State University in Special Education and working as a Career Counselor at a local high school. They have an apartment in East Nashville, which is an upcoming neighborhood with a younger demographic. They have been in Nashville for about a year, and they both love everything the city has to offer. They are constantly on the go between work and the entertaining nightlife that Nashville has to offer. They enjoy being young and in the early stage of their lives, and are very focused on their careers. When they are home, they catch up on their favorite TV shows on hulu.com, and don’t feel the need to pay for regular cable. They stream everything online and are very tech savvy. Social media is also a huge part of their routines. Emma is obsessed with her Pinterest boards and regularly uses her smartphone to get more ideas of things to do around the house. Derrick is a big video gamer and loves watching YouTube for the latest information about upcoming products. Together, they have a Household Income of around $80,000 per year, which is just below the average in Nashville. They are not ready to buy their first home, but they want to improve their apartment so that it doesn’t look like they’re in college anymore. They want to entertain friends and family without committing to any major renovations. They also are not looking to start a family for at least five years because they really want to focus on themselves and become established in their careers.
  • 13. The Home Depot: IMC Plan 12 Background Information The Home Depot has many target markets. While the largest demographic, population wise, is that of the aging Baby Boomers, retailers tend to agree that one of the most important consumer demographics is a large portion Generation Y, which in more general terms are college-educated adults in their mid to late 20s and early 30s who haven't yet had children. Although this group has been labeled "generation debt" due to many taking out student loans that will require decades to repay and having grown up in the credit card era, they are very optimistic. This group is who retailers are aiming their marketing efforts toward to gain loyalty (Smith, 2012). The members of the mid-20 to mid-30 demographic aren't just linked by their age. Many members of this group are college-educated and are perceived as having more discriminating tastes. They also have a wider exposure to the range of products and services available to them and the experience to research their choices and make the best decision on which products best fit their needs. The members of this group being childless is significant in that discretionary income may be spent on what they want and to fulfill immediate needs and items from the list of wants, especially with respect to electronic goods. Most of the members of this group are living on their own for the first time and are setting up their households, either independently or with a partner or roommate. They are beginning their careers and are purchasing items that give the sense of being well-off. This is why The Home Depot may appeal to their group because they carry products that are viewed as essential to establishing one's home (Smith, 2012). There are many psychological and sociological variables that influence the purchasing patterns of this target market. First, members of this demographic tend to seek immediate gratification. In a world of needing everything now, members are generally ready to make a purchase on the spot. Although they have many tools to conduct research, they rely heavily on word-of-mouth and media-generated buzz. They typically do not need persuasion by the sales
  • 14. The Home Depot: IMC Plan 13 associate because they are already sold. Adding to the immediate gratification factor, consumers in this group tend to seek a convenient and fast shopping experience. They expect sales staff to be available but prefer avoiding interaction because they view themselves as self-sufficient and knowledgeable about the products they buy (Smith, 2012). Another huge factor is a change in the mindset of Generation Y, which are now being called "Generation Right". Though they are more socially liberal and accepting of different lifestyles, according to the polling company Ipsos Mori, they are likely to be more politically Right-winged than the generations prior at the same age. An odd statistic that defines this group is the trend of partying is decreasing for young adults unlike generations before. The idea of young adults acting more mature is a huge benefit to retailers like The Home Depot as owning or remodeling your home is a more traditional idea. DIY mania has taken over, especially among females in this group thanks to Etsy.com and Pinterest. Gardening is now the fifth most popular leisure activity among young adults, and the New York Times called this group the "New Domestics". They are more into clean living and wholesome hobbies in comparison to the "Sex, Drugs and Rock-N-Roll" mindset of previous generations at the same age (Dove, 2014). Members within the mid-20s to mid-30s are completely different than generations before them. They are somewhat more mature and ready to make purchases for their new home earlier in their lives. Because of their need for instant gratification, this group doesn’t need as much attention on the sales floor as other markets because the majority already know what they are planning to buy once they walk into the store. They are an emerging group of self-sustainable and independent consumers who want to learn more about doing things on their own. The Home Depot has many products that this group is looking for and now just need to shift their efforts into drawing them into their stores. One huge benefit of capturing this group now and building loyalty to the brand is that they will grow and mature with the brand as they enter into different phases of their lives.
  • 15. The Home Depot: IMC Plan 14 SWOT Analysis The U.S. home improvement retail industry is a mature industry characterized by a high degree of market concentration and homogenous product line. The Home Depot is the leader in the industry, taking up 58% of the annual $129 billion dollar revenues. Lowes is the industry’s second-largest company taking up 39% of the annual revenue making them their biggest competitor (Hellman, 2014). After completing the SWOT analysis for The Home Depot, it’s easy to see that they have many important strengths including overall awareness of the brand. The Target Audience is already aware of The Home Depot and what they offer, and they already trust that they are getting the most trusted brands in the industry. There are a few internal threats from within the past ten years that are still being resolved. Prior to 2007, the management in place didn’t have the company’s values in mind when making decisions which left employees and customers unsatisfied. The Atlanta-based company’s stock prices had stagnated, and the company was losing ground to its rival, Lowe’s which prompted criticism for higher management. Since 2007, management has been working to regain the trust of their employees and customers (Banjo, 2014). However there are a few threats in targeting this audience. In conjunction with the U.S. housing market, the target audience’s homeownership trends are a huge threat. This group in the past has seen a huge decline in homeownership mainly because they just missed the Hosing Crisis causing fear among these buyers, but we are seeing this slowly start increasing some in the last two years. The good news is that the trend of them living with their parents is starting to decrease, meaning they are beginning to live on their own or with roommates (Kolko, 2014). This is an opportunity to create brand awareness and loyalty to this market now while they are just beginning their independence so that when they are in the market to buy their first home, The Home Depot is who they turn to, differentiating them from the competition.
  • 16. The Home Depot: IMC Plan 15 A huge opportunity is to increase social media and online presence, which will reach the target market much more effectively than more traditional channels. The behaviors of this group is much different to that of earlier generations, which is why it’s important to reach them on more non-traditional channels. Increasing awareness of the mobile app is a huge opportunity for this audience as they are more likely to shop on their mobile device. Strengths:  Brand Awareness  Industry Leader  Strong Media Tactics  High Quality Products and Services  Patents  Product Alliances  Number of Locations  Loyalty Programs  DIY Workshops Weaknesses:  Brand Differentiation  Weak Online Presence  Product Recalls Opportunities:  Create Loyalty within Target Market before they are homeowners  Larger Social Media Presence  Utilizing Mobile App  Online Presence  More interactive abilities within store, online and with mobile app  Associate training program Threats:  Declining Housing Market  Competitors’ rising industry revenues  Target Market’s Homeownership Trends
  • 17. The Home Depot: IMC Plan 16 Campaign Objectives and Strategies Objectives: Based on the SWOT Analysis, the campaign objects are:  Increase overall sales by 20% within 12 months among target audience  Increase awareness of DIY possibilities for members by educating our target audience  Increase social media presence by increasing frequency, improving content and targeting specific audience  Increase online purchasing by 20% from last year  Increase use of mobile app by 30% among target audience  Create more interactive advertisements and features in-store and through the app Strategies: To meet the objectives stated above, the following strategies are in place:  To increase social media presence, we plan to increase the consumers’ awareness of the brand on channels like Twitter, Facebook, Pinterest, YouTube and Tumbler. The target audience spends on average 17.4 hours per week on social media. We want to increase the frequency of advertising on these channels and also make these advertisements more interactive, influencing users to become involved with the messages.  One of the major opportunities is continued efforts to increase The Home Depot’s online presence. Last year, online sales of the company 50% to $2.7 billion, making up 3% of total sales. This is a huge opportunity to tap into the online market even further, especially being that the target market prefers online shopping. This group of consumers research products prior to buying and want to have a place to give their feedback of the items they are buying.
  • 18. The Home Depot: IMC Plan 17  We will also increase awareness for The Home Depot mobile app by giving users exclusive offers for using and purchasing from their mobile devices. We know this will directly influence our target audience since 50% of this group uses their smartphones to research products.  Combining our efforts to create more interactive advertisements for our target audience, we want to influence this group once they are in the store as well by installing touch screen displays in specific locations within the store. Our audience are 216% more likely to be influence to purchase by the use of in-store touch screen displays. Along with the Marketing Strategies listed above, The Home Depot has an opportunity to improve its customer service by providing its employees with even more opportunities to learn about all of the products that are available to purchase in-store and online. Great customer service is what will differentiate them from the competition, and it’s important to train associates on how to sell to this group. Their target audience does not need a stereotypical sales pitch in order to make a purchase. They need employees who are there to answer questions when they have them and to help determine which product is the right choice for them. They have typically done the research and are ready to purchase prior to walking into the store, but they need employees who are able to steer them in the right direction. This doesn’t mean they can’t upsell, being that millennials are 52% more likely to make impulse purchases than previous groups. It’s also 33% more important for a sales associate to make a Generation Y customer smile than it is for a Baby Boomer, so employees need to be personable and really be authentic. These strategies will enable The Home Depot to complete the marketing objective of increasing sales by 20% within this target audience. Many of these customers are just starting out, and may not be in the market to purchase a home or to do a major renovation. However they are trying to become more independent by learning skills now to help them when the time comes
  • 19. The Home Depot: IMC Plan 18 to make those major purchases. That is why we will push our DIY programs to educate them on ways they can improve their homes or apartments. The Home Depot needs to build those relationships now so that they are the only brand they trust as their buying matures. Integrated Creative Strategy Statement Rational Benefits Mobile App Online Shopping Improving Home Free Education Competitive Prices Quality Products Emotional Benefits Actually oing It Yourself Independence Builds Confidence Promotes Creativity Integrated Creative Strategy Statement: Let’s turn your first place into the place to be! Rejected Creative Statements • I did this myself! •We did this ourselves! • I t was just an idea I had. • Let 's turn your first apartment into the t ime of your life. • Let 's make your place look like you got that big promot ion. • Let 's turn your DIY Board into reality. • Let 's make them think you spent a fortune. • Let 's proudly say, "I made it myself."
  • 20. The Home Depot: IMC Plan 19 Creative Brief To increase sales by 20% within 12 months among the target audience by increasing exposure to the brand through more untraditional channels, such as social media and the mobile app. Tactics:  To support the long-term goal of capturing this target audience which will create loyalty to The Home Depot brand for many years.  To increase the use of the mobile app among the target market.  To increase brand recognition by emphasizing social media channels such as Twitter, Facebook, YouTube, Pinterest and Instagram in campaign efforts Target Audience: The large portion of Generation Y in their mid-20s to mid-30s who are college educated and haven’t had children yet; HHI $50K+. They may or may not own their home.  What do they currently think? The Home Depot is the place to go for major renovation projects for homeowners.  What do we want them to think? The Home Depot is the place to buy everything you need for any DIY project, big or small. Product Positioning: From tools to how-to workshops, The Home Depot has everything needed to complete your next project either in-store or online, whether it’s a small DIY project or an entire renovation.  Easy-to-use mobile app that allows customers to shop from their smartphones.  Interactive guides online and in-store help you plan your next project.
  • 21. The Home Depot: IMC Plan 20  Monthly DIY project packets for easy-to-make customizable projects for your home or garden. Integrated Creative Strategy Statement: Let’s turn your first place into the place to be. Creative Considerations:  Develop concepts that center around using the mobile app and online features.  Create interactive in-store and online features to aid customers in future projects.  Incorporate social media channels such as Pinterest, YouTube, Twitter, Facebook and Instagram.  Create an idea of affordability that looks expensive.  Use the idea of social interactions with friends and family around DIY projects.  Must be translated in both print and commercial forms.  Remain fluid in terms of current campaigns. Creative Execution One of our ideas for creative execution is a commercial campaign that will run on Hulu.com featuring interactive ads. There are 3 different concepts targeting the following groups within our target market: a single man, a single woman and a young couple. All three ads display DIY projects and use the Integrated Creative Strategy Statement. These concepts will provide market segmentation among the target audience. We do not want to go too far away from the current “Let’s Do This” campaign as brand recognition is very important in that I really like the concept they use of bringing different clips together for inspiration to the customers being shown. These ads will feature the #letsdothis hashtag, keeping familiarity with
  • 22. The Home Depot: IMC Plan 21 the current ads on traditional channels. The music used in the current commercials alone is very recognizable to the brand, and we do not want to confuse viewers. The idea behind this execution is reintroduce the target audience to The Home Depot. Here’s examples of the creative execution for the advertisements done for Hulu.com subscribers. These ads will run during the corresponding television shows. The following examples are for Gotham, New Girl, Once Upon A Time and The Mindy Project.
  • 23. The Home Depot: IMC Plan 22
  • 24. The Home Depot: IMC Plan 23
  • 25. The Home Depot: IMC Plan 24 Media Objectives and Strategies Objectives  Use online sources to advertise to target market over a 12-month period.  To reach at least 75% of target market a minimum of 3 times of 12-month period.  To increase use of The Home Depot app through mobile media by 30% within the 12- month period. Strategies:  45% of our budget will go toward advertising on Hulu.com, as this campaign will be a huge focus and will reach a large amount of our audience with interactive ads.  30% of our budget will go toward online and mobile media including social media, online websites sponsorships such as Youtube and Buzzfeed.com. We will also communicate all 12 months on The Home Depot’s website and mobile app.  25% of our budget will go toward traditional media, such as TV, radio, magazines and newspapers, specifically in areas where the DIY Block Parties will take place. Tactics: To meet the Media Objectives, we will use Hulu.com to promote The Home Depot to the target market. Hulu.com has over 6 million subscribers with 60% of them being ages 18-49, hitting our target market, and they are on over 400 million internet connected devices around the world. Hulu allows companies to custom-create ads and sponsorships that fit your needs, which ultimately drives higher engagements and results. Hulu charges companies 30 CPM for their advertisements. A great things about using Hulu is they have already done a lot of the research and know which ads are going to work in specific areas at specific times. They are also able to integrate specific ads for the specific device the viewer is using (“Hulu Advertising,” 2014). For
  • 26. The Home Depot: IMC Plan 25 The Home Depot’s Hulu campaign, we want to target specific shows that prove to have larger groups of our target market watching. Examples include:  New Girl  The Mindy Project  South Park  The Daily Show With Jon Stewart  The Colbert Report  Saturday Night Live  Nashville  Gotham  Once Upon A Time  Key and Peele  Broad City  The Voice  Community  Bob’s Burgers  Family Guy  Brooklyn Nine-Nine  Keeping Up With the Kardashians  Parks and Recreation  Selfie  @Midnight  Late Night with Seth Myers
  • 27. The Home Depot: IMC Plan 26 During the specific shows, interactive ads will be used to allow views to choose which ad they want to see. This will empower consumers to make selections based on personal preference, and the message is more likely to be heard. Another great feature about Hulu is that they only charge companies if the ads are watched in 100% completion, ensuring that the money for these advertisements is well-spent (“Hulu Advertising,” 2014). Another way we want to reach our target market is to have interactive ads within shows, and Hulu can make this happen. The idea behind our media is to reach our younger market by showcasing the DIY projects that can be done at your first place. An example of integrating this concept is by offering ‘How To’ DIY projects that are inspired by the show being streamed. An example is for the show The Mindy Project. In this show, Dr. Mindy Lihiri’s office is one of the many sets used throughout the show. During an episode, offer a link to a DIY project inspired by her office, which would allow fans of the show to create a similar space at home. This is one of many interactive ads that can used on a number of shows that Hulu has available to its subscribers. A specific example of a channel to be used for this campaign is a YouTube.com homepage takeover. YouTube has more than 1 billion viewers each month. Of that 1 billion, 67% are between the ages of 18-34. Since the 78% of the total viewers are male, the YouTube campaign will be aimed at the male population within our target market (“YouTube: Statistics,” 2014). The cost for a YouTube takeover is $400,000 and is sold in a package that includes stream video ads, display ads and feature video listings (Marshall, 2013). Another example of an online channel we will use is BuzzFeed to reach our target market. Buzzfeed.com receives over 150 million views each month, and 50% of this group is between the ages of 18-34, giving us a large portion of our market. Of that group 50% use their mobile devices and 75% of its traffic come from social services, which will help us increase the
  • 28. The Home Depot: IMC Plan 27 use of our mobile app by having DIY inspired articles and quizzes for its users to read about (“BuzzFeed Advertise: Content Worth Sharing,” 2014). We do not want to neglect more traditional channels, but Hulu.com is our primary channel. We will air commercials on national networks, radio, specifically targeted magazines and newspapers. Local advertising will be done in cities where the DIY Block Parties will be held. The majority of traditional media will be heavily online since our target audience are more easily reached online.
  • 29. The Home Depot: IMC Plan 28 Media Flow Chart Broadcast Media Hulu.com ABC CBS NBC ESPN HGTV Cartoon Network Radio Local National Satellite Mobile Home Depot Mobile App Mobile Ads for Phone Apps Magazines Wired HGTV The Knot TV Real Simple Maxim Men's and Women's Health Newspapers Local Weekly Ad Circulars Internet Social Media Facebook Twitter Pinterest Blogs YouTube Instagram Google+ Online/Digital Advertising Home Depot Website BuzzFeed.com Various Print Digital Editions Internet Radio Pandora 3Q 2015 July August September 4Q 2015 1Q 2015 2Q 2015 January February March April May June October November December
  • 30. The Home Depot: IMC Plan 29 Public Relations Strategies and Tactics Objectives  To increase awareness to target audience of DIY project supplies available at The Home Depot.  To increase the use of The Home Depot mobile app by 30%  To empower millennials to complete DIY projects for their home and to help the community.  To raise $100,000 for The Home Depot Foundation in by Veteran’s Day 2015 Strategies  The Home Depot will sponsor the #doityourselfblockparty project where they travel to 25 cities in the country to host DIY Block Parties in younger neighborhoods and communities.  To involve customers from all over the world, the #DoItyYourselfBlockParty will also be made available on the mobile app.  These programs will also partner with The Home Depot Foundation to help raise money and awareness for Veterans Tactics To increase awareness for millennials about the DIY options at The Home Depot, they will travel to 25 major cities across the United States to host community DIY block parties. These parties will be located in central areas of younger neighborhoods within those cities, and all residents are welcome to attend. Admission will be free, but donations will be taken for The
  • 31. The Home Depot: IMC Plan 30 Home Depot Foundation. There will be workshops available to everyone, and activities for children so that parents can get involved in the projects. However our target is millennials in their first homes, single or married, without children. Attendees will have three options to choose from to make: a set of lamps, an indoor herb garden or a small bar. The 25 cities that will be chosen to hold the DIY Block Parties are: 1. Colorado Springs, Colorado 2. Milwaukee, Wisconsin 3. Philadelphia, Pennsylvania 4. San Diego, California 5. Houston, Texas 6. Austin, Texas 7. Charlotte, North Carolina 8. Tulsa, Oklahoma 9. Nashville, Tennessee 10. New York City, New York 11. Miami, Florida 12. Kansas City, Missouri 13. Columbus, Ohio 14. Albuquerque, New Mexico 15. Tuscan, Arizona 16. Omaha, Nebraska 17. Boston, Massachusetts 18. Washington, D.C. 19. Denver, Colorado
  • 32. The Home Depot: IMC Plan 31 20. Long Beach, California 21. Atlanta, Georgia 22. Minneapolis, Minnesota 23. Seattle, Washington 24. San Francisco, California 25. Portland, Oregon Along with these DIY Block Parties, there will be a campaign called #doityourselfblockparty where people from all over the world can be a part of the block parties by uploading selfies of themselves and their projects to the mobile app where it can be shared on The Home Depot’s social media and website. To keep the DIY Block Party going, there will be a new DIY project uploaded to the mobile app each month for members to do at home. They will be able to purchase the affordable DIY project kits, which include supplies, at their neighborhood Home Depot, and a portion of the cost goes to The Home Depot Foundation. Again, members will be able to upload pictures of each month’s projects to the mobile app to be shared on The Home Depot’s social media.
  • 33. The Home Depot: IMC Plan 32 Direct Marketing Plan Objectives:  Reach target audience located in specific cities that will host the #DoItYourselfBlockParty  Reach target audience that is not located in specific cities where the block parties will be held.  To keep target market in control of what information they are receiving. We do not want to overbear them with information, driving them away.  To remain in-line with overall marketing objectives, we want to communicate primarily by the mobile influencing users to download and shop from their phones.  Remain strong on social media such as Twitter and YouTube, but really begin to communicate with target audience through social media, allowing them to get involved. Tactics:  Direct Mail invitation to DIY Block Party for those customers 25-mile radius of DIY Block Parties. An email will also be sent to those within a 50-mile radius. Alerts will be sent through the mobile app.  Communicate primarily through the mobile app to the DIY Club, which is targeted from the DIY block parties.  Offer monthly emails if the customers decides to sign up.  Hold contests through social media allowing followers to remain involved in the campaigns.  Provide a mobile update when the monthly DIY project is made available.
  • 34. The Home Depot: IMC Plan 33  Update customizable options for customers who sign up for emails. It will be very straightforward so that they are receiving the information they want, the way they want it. This will also include a direct mail option Sales Promotion Plan Objectives:  Increase mobile app downloads by providing an in-store and online incentive for downloading.  Continue the DIY Block Party throughout the year and reach the target audience not located in the specific cities that were targeted.  To influence target market to complete surveys about their shopping experiences online, in-store and with the mobile app.
  • 35. The Home Depot: IMC Plan 34 Tactics: Because we want our primary channel for the #DoItYourselfBlockParty to be the mobile app, we will target our audience by offering exclusive mobile app discounts beginning in the month of February.  Offer 20% instant discount for downloaded The Home Depot’s mobile app while in-store. Sales associates would help assist customers if needed.  Provide current mobile app users a 25% “Thank You” discount.  Promote the mobile app through social media channels by offering the 20% off discount online at checkout.  A DIY Club will be established for those interested in learning more about the program and targeted to those within group. This group will receive monthly alerts via mobile app and email about the new DIY projects that can be completed.  Provide discounts for individuals willing to complete surveys about their experience.
  • 36. The Home Depot: IMC Plan 35 Measurement and Evaluation Plan The objectives in this IMC plan is to increase sales in-store but primarily through the mobile app and online sales to the target audience. By gathering information, these objectives will be measured throughout the 12-month period. We will conduct both pre- and post-testing to see how effectively we were able to meet our objectives and capture our target audience.  Prior to beginning the IMC Plan, The Home Depot will conduct a variety of test groups to analysis how the target market feel about the brand. We want to know what their perception is of The Home Depot and what would need to be done in order to make them loyal.  These tests will also be conducted at the end of the 12 month period to see their perceptions changed.  Social media metrics will also be closely watched as we begin the plan on channels such as Facebook, Twitter, Instagram, YouTube and Pinterest. We want to make sure we are effectively reaching our audience and make adjustments if we notice any trends.  We want to push surveys for our mobile app, online and in-store experiences so that we can effectively make adjustments if needed.  We’ll also provide incentives for completing those surveys.
  • 37. The Home Depot: IMC Plan 36 Conclusion The Integrated Marketing Communications Plan for The Home Depot is designed to capture the target audience in their early stage of buying to create brand loyalty, which will enable them to continue to purchase as they go into the next phase of their lives. The marketing, creative, media, public relations, direct marketing and sales promotions objectives and tactics are to support the overall objective of this plan over a 12 month period. These objectives will be evaluated and measured pre- and post-plan, and adjustments will be made throughout to support trends. Once completed, this plan should meet its objectives.
  • 38. The Home Depot: IMC Plan 37 References Banjo, S. (2014, February 28). Home depot sets up for CEO succession as focus shifts to web; retailer names Craig menear as U.S. retail president. Wall Street Journal (Online). Retrieved from http://search.proquest.com/docview/1503030876?accountid=2837 Belch, G., & Belch, M. (2014). Advertising and Promotion: An Integrated Marketing Communications Perspective (10th ed.). New York, NY: McGraw-Hill. BuzzFeed Advertise: Content Worth Sharing. (2014). Retrieved from http://www.buzzfeed.com/advertise Cramer, B. (2014, March 6). The Home Improvement Retail Industry analysis. Retrieved from http://www.bidnessetc.com/business/the-home- improvement-retail-industry-analysis/ Dove, R. (2014, August 31). Charting the rise of Generation Yawn: 20 is the new 40 - Telegraph. Retrieved from http://www.telegraph.co.uk/women/womens- life/11061434/Charting-the-rise-of- Generation-Yawn-20-is-the-new-40.html Friesner, T. (2014, May 8). Home Depot SWOT - Marketing Teacher. Retrieved from http://www.marketingteacher.com/home-depot-swot/ Friesner, T. (2014, May 9). Home Depot Marketing Mix - Marketing Teacher. Retrieved from http://www.marketingteacher.com/home-depot-marketing-mix/
  • 39. The Home Depot: IMC Plan 38 Guerringue, L. (2013, April 19). Can PR Professionals Continue to Reach Millennials Using Traditional Media? Retrieved from http://www.newsgeneration.com/2013/04/19/traditonal_media_millennial/ Hellman, J. (2014, January 21). The Home Depot: A Short SWOT Analysis. Retrieved from http://www.valueline.com/Stocks/Highlights/The_Home_Depot__A_SWOT_Analysis.aspx #.VA4rYfldWpc The Home Depot Business Toolbox: SWOT Analysis. (2014). Retrieved from http://www.homedepot.com/hdus/en_US/DTCCOM/HomePage/PRO/Pro_Business/Docs/S WOT-Analysis.pdf The Home Depot Foundation. (2014). Retrieved from http://www.homedepotfoundation.org/ HOME DEPOT INC (HD:New York Consolidated): Financial Statements - Businessweek. (2014, August 29). Retrieved from http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=HD Home Improvement Made Easy with New Lower Prices | Improve & Repair. (2014). Retrieved from http://www.homedepot.com/ Honigman, B. (2013, August 5). How Millennials are Shopping: 20 Interesting Statistics & Figures — Medium. Retrieved from https://medium.com/@brianhonigman/how-millennials- are-shopping-20-interesting-statistics-figures-c76fb1231fbb Hulu Advertising. (2014). Retrieved from http://www.hulu.com/advertising/
  • 40. The Home Depot: IMC Plan 39 Kolodziej, C. (2014, February 11). Reaching Millennials With Mobile - Direct Marketing News. Retrieved from http://www.dmnews.com/reaching-millennials-with-mobile/article/333598/ Marshall, J. (2013, February 22). What Online Ads Really Cost - Digiday. Retrieved from http://digiday.com/publishers/what-online-ads-really-cost/ Our Company: History. (2014). Retrieved from https://corporate.homedepot.com/OurCompany/History/Pages/default.aspx Our Company: Stores, Products and Services. (2014). Retrieved from https://corporate.homedepot.com/OurCompany/Values/Pages/default.aspx Our Company: Values. (2014). Retrieved from https://corporate.homedepot.com/OurCompany/Values/Pages/default.aspx Simpson, P. (2014, June 30). 45% of Millennials Aren't Compelled by Content - Direct Marketing News. Retrieved from http://www.dmnews.com/45-of-millennials-arent-compelled- by-content/article/358275/ Sinkinson, T. (2013, June 6). PR for Millennials: The Five-Factor Recipe for a Winning Campaign | Bulldog Reporter. Retrieved from http://www.bulldogreporter.com/dailydog/article/winning-pr-campaigns/pr- for-millennials-the- five-factor-recipe- for-a-winning-campai Smith, N. (2012, January 16). Consumer Demographics: Marketing Case Study of Home Depot and Best Buy. Retrieved from http://www.articlemyriad.com/consumer-demographics-marketing- case-study-home-depot-buy/
  • 41. The Home Depot: IMC Plan 40 Stone, M. (2013, November 7). Vocativ: Best Cities For People Under 35 - Business Insider. Retrieved from http://www.businessinsider.com/vocativ-best-cities- for-people-under-35- 2013-11?op=1 Wenz, D. (2014). How to Reach Millennials Through Mobile Email Marketing - BusinessBee. Retrieved from http://www.businessbee.com/resources/marketing/reach-millennials-mobile- email-marketing/ What kind of CPM does Hulu charge advertisers? - Quora. (2011, February 3). Retrieved from http://www.quora.com/What-kind-of-CPM-does-Hulu-charge-advertisers YouTube: Statistics. (2014). Retrieved from https://www.youtube.com/yt/press/statistics.html