Abc Department Store

Improved Essays
Missing Data:
Based on the limited information provided, it is unknown if there’s any relation among the sales of the three major product lines for the ABC department store. For example, does a customer that frequents the store with the intention of purchasing clothes also purchase sporting goods because of the purchase of clothes? The synergy effects among three products in our company (clothing, sporting goods, & hardware) via manufacturing, marketing, and management, help realize the maximum profit. Dropping the clothing line might inhibit overall profit, especially if dropping the clothing line damages customer relations. One potential negative result is the decrease in profit for the other two products[2].

●Assumptions on dropping product

Related Documents

  • Decent Essays

    Nordstrom Rack

    • 737 Words
    • 3 Pages

    Nordstrom is a well-known department store in the United States founded by John W. Nordstrom and Carl F. Wallin in 1901 (“Nordstrom”, 2016; Perepu, 2013). The target market of Nordstrom is middle to upper class male and female with sensitive sense of current trends. The Nordstrom Rack targets middle class customers. Nordstrom’s exceptional customer service is one of the most important aspects to help the company to be successful in the marketplace. Along with the excellent customer service, the attractive store display and comfortable store environment help the company build its competitive advantages.…

    • 737 Words
    • 3 Pages
    Decent Essays
  • Superior Essays

    Braum’s Incorporated is a vertically integrated company, owns multiple segments of the industry and merges them together, which allows them to produce their products with the quality and standards they want. The corporation produces meat, dairy products, fruits, and vegetables. They have 280 stores located throughout Kansas, Texas, Missouri, Arkansas, and the majority located in Oklahoma, where their headquarters are (About Us 2016). The chains of stores located in these areas provide hamburgers, ice cream, and a small grocery store for their customers. Although Braum’s provides all of these commodities they are mainly known for their ice cream.…

    • 1233 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    JC Penney's Case Study

    • 331 Words
    • 2 Pages

    After shuttering its catalog business and spending the last few years focused on driving sales via a multitude of promotions, sales, and featuring exclusive brands, longtime retail giant JC Penney has lost its competitive advantage and is in desperate need of transformation (Kinicki & Williams, 2013). Despite having 590 separate sales last year Penney’s was unable to drive sufficient sales traffic in their stores or over the internet (Kinicki & Williams, 2013). As a result, Penney’s same store year over year sales increased a meager 0.7%, whereas competitors like Macy’s achieved 5.4% growth during the same period (Kinicki & Williams, 2013). Moreover, Penney’s was forced to sell approximately 75% of its merchandise at a discount of 50% or…

    • 331 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Grapevine Mills is located in a busy area, off highway 121 and Grapevine Mills Parkway, where it is two miles north of the DFW International Airport (About Us, n.d.). Grapevine mills is in a great location, because it is in the Dallas-Fort worth Metroplex, which is a very busy area. The shopping mall is more than just a location, it more like a destination where you can spend a day or even a weekend, where you can check into the local hotel, enjoy some shopping, dine-in and you can even catch at movie in their in-door theater that is next to the mall (Shop, Wine and Dine in Historic Downtown Grapevine, 2006). Grapevine Mills has 6 parking lot entries and exits. Most of the entries and exits are convenient, but Entry 2 and 3 seems to be more…

    • 210 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    All of these components are what an organization needs to take into account when looking at market demand because they can have too much product, the wrong product, or not enough product and this all can affect the organization’s profit…

    • 587 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Initially, a company overview is provided for each company as well as similar economic and industry trends that are affecting each company’s internal competencies and strategies. Furthermore, each retailer’s credit, profitability, and cash flow analysis are evaluated through the calculations of numerous ratios along with market measure ratios derived from each company’s historical stock values for the last three years…

    • 1217 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    The company known for is high end handbags started to experience the effect declining profits. Coach profits began declining due to department stores such as Macy’s closing many of their stores which sell Coach products. Outlet stores also cause a hit to the profits, offering clearance and high discounted items. This inspired the company to branch out. Recently, the Coach company purchased one of their competitors, the company of Kate Spade.…

    • 209 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Wal-Mart

    • 1140 Words
    • 5 Pages

    In the (Karen Olsson, 606) it states that Wal-Mart is a frenetic, fast-paced, environment and it seems, there simply aren’t enough people around to get the job done. On a given shift McLaughlin might man a register, hop a mechanical lift to retrieve something, from a high shelf, catch fish from a tank, run over to another department to help locate an item, restock the shelves, dust off the bike racks, or field questions about potting soil and lawn mowers. In other words, employers in her situation are accustomed to basically working in every department of the store. In the beginning of the story the author, Karen Olsson, began by letting us know that employee, Jennifer McLaughlin, was a 22-year-old with a one-year-old baby and living with…

    • 1140 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Container Store

    • 541 Words
    • 3 Pages

    The Container Store Video and Chapter #12 Discussion Forum 1. One of the six foundation principles of the Container Store is to hire great people. The Container Store looks at look at future employees four types, a lousy employee, an average employee, a good employee and a great employee. Where one average employees equals three lousy employees, one good employee equals three average employees and 1 great employee equals three good employees. This makes them very selective in their hiring process and will wait until they find a great person to fill a position.…

    • 541 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Issue Analysis From the high concentration on the overall performance of the store, the keen issues identified that cause the disturbance in the sales ratio of the Rufus and Emma Belacastran Australian Hardware Store. Those issues including the competition in the Melbourne hardware stores with respect to prices, the rising vacancy rates and the rising cost of labour and delivery charges of store 2 and 3. The management of the corresponding store should evaluate the complete scenario and will implement the most effective strategies for increasing the demand for its products by considering the external factors in mind. Furthermore, the management has no control over the environmental factors but it can manage the current costs of the store products. Through the…

    • 839 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Price Elasticity

    • 500 Words
    • 2 Pages

    A product will be considered elastic if the product has an elasticity greater than one. A product with an elasticity less than one is considered inelastic. Generally, most products will be considered inelastic. An example would be gasoline, it is inelastic because no matter the price, consumers will continue to buy gas for their cars. Gasoline companies take advantage of this because they know that people need cars and transportation and that will not change.…

    • 500 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Abstract: The case is about a company, Dore Dore which manufactures knitted products and is famous for its hosiery segment. Dore Dore, a higher end brand, is known to provide quality products and superior customer service because of which it has been successful in entering the market for knitted products. Francois Marguet, the newly appointed Director of Operations is asked by the company’s head PDG to look into different issues and find a new angle to deal with them. Some of the problems are: Poor demand forecasting, increasing labour costs, high inventories, excessive lead times and ever-improving competition. The PDG wanted to know a way to improve the operations of the company to strengthen their competitive advantage.…

    • 1130 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Tod's Group Essay

    • 1411 Words
    • 6 Pages

    Tod’s Group was established in 1978 by Diego Della Valle. It is an Italian company that produces luxury accessories and apparel for men and women. The Company has been operating in the luxury sector under its brands, TOD'S, HOGAN and FAY, and one licensed brand, ROGER VIVIER. It is present in 35 countries with 257 stores worldwide including large flagship stores in Japan, Europe, China, Malaysia, US, Singapore, Australia, Hong Kong and Indonesia. Diego turned this company from a family run business to an industrial group listed in the stock exchange.…

    • 1411 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    A Case Study of Creating Agile Supply Chains in the Fashion Industry Fashion market must typically exhibit the well functioning short-life-cycles, high volatility, low predictability and high impulse purchasing. Today’s fashions market place is highly competitive and there is an inevitable move by many retailers to extend the number of seasons which with the entire merchandise within a store is change. The operations of fashion businesses imply a trend for supply chain management, which in effect it clearly provides a challenge to logistic management. In reference to Block 2, Chapter 3 of the book which pertains to “Supply Network Design and Management”, that vividly implies that supply network design is of critical importance to the enterprise. It has been said that; “The ultimate core…

    • 2395 Words
    • 10 Pages
    Improved Essays
  • Great Essays

    Learnings 1. When the increase or decrease of the markets of different shares are independent of each other it is always better to use a detailed mix variance analysis because it helps us understand in which of the products the sales mix variance is unfavorable and which ones exhibit favorable sales mix variance. 2. This is helpful because examining just the overall sales mix variance for all the products would not help us identify which products are the profit bearers, while which ones lead to a loss. This will help understand the reasons behind the profit making products’ profits, and help us plan the corrective course for the loss making products, taking into account the learnings from the analysis of the profit leaders.…

    • 1363 Words
    • 6 Pages
    Great Essays