Chain store

F.W. Woolworth that started his company as a five-cent store in the late 1800’s. Today, this is one of the leading and profitable retail stores in the nation. The company is known for being one of the largest footwear and sportswear retailers that ever existed. According to Funding Universe (2005) “Another reason for Woolworth's success was the decline in wholesale prices during the first 12 years of Woolworth's existence. This led to wider availability of goods in the five and ten-cent price…

early in 1927, when there were General stores or street vendors. The first store was established from an ice factory called Southland Ice by an employee named John Jefferson Green. John decided to sell some quick assessable items like bread, eggs, and milk in a location in Dallas, Texas. In 1946, Tote’m store change the empire into a global industry revamping the name and the hours of operation to meet customer’s needs. The hub of the world’s retail stores are known to be 7-Eleven…

variety or expansion across the stores, as well as the joint-venture relationship with those suppliers who are also competitors to the company. The corporate level strategy that Foot Locker utilizes has allowed the firm to grow through related diversification and sell several athletic wear brands within the industry. While the product offering is differentiated in terms of variety and price, items across the brands are limited as each store within the corporate chain carries the same styles in…

products. However, families with children between ages 2-12 are responsible for a high amount of profit that can be brought back to the store. The amount of people spending money in a store multiplies when a family goes on a shopping expedition. Families create an opportunity to obtain an alternative type of profit compared to single men or women. However, most stores do not provide enough space for families to shop and enjoy a complete experience. Macy’s Backstage has areas that create…

get lost in the moment. Coming in for a quick stock up on a favorite can lead two bags of merchandise that one didn’t need when coming through the motion-censored doors. These daily struggles aren’t just happening at departments store, but also at your local grocery store. Seeing that canned corn is on the Buy One get One Free shelf can lead us to stock up on the kitchen staple in a worried frantic because you never know when you’ll see them for such a steal ever again. As an essential to our…

Zara is the leading brand in the portfolio of Inditex, the Spanish fashion group founded in 1975. It accounts for almost one third of the Group stores and two thirds of revenue. By the end of 2013 Zara had 1827 stores opened globally on 88 markets and continued its online expansion by launching online sales in South Korea and Mexico making total online presence on 27 markets. The original business idea of Zara was to link customer demand to production by following the fashion trends and to…

MEC stands for the mean end chain; products are a mean to an end. The types of knowledge that goes with a MEC are attributes and characteristic of product; consequence, benefit and risk of using the product; and self-values, the product helps consumer achieve a desire. From using…

Wire ultimately provided direction for pursuing our chosen research topic. In the article, the discussion is centered around major issues that department chain Macy’s is currently facing in the retail landscape; thus, highlighting our research question one (1). Three major marketing problems are addressed within the article, namely shrinking in-store customer traffic, a loss of premiere positioning and excessive discounting. According to CFO Karen Hoguet, “The number of transactions declined 7%…

Leverage existing American expat population and Chinese who 've been exposed to American brands 4) Lack of similar profile competitors in the market (Western Organic/Fresh-Produce Supermarkets) 5) Standardized products and uniformity across all the stores 6) On a sample size of 10 random customers , maximum felt quality and security in terms of hygiene Weakness 1) Overwhelming segment of Chinese consumer base does not know brand 2) May be duplicated and replicated by competitors 3) Suppliers…

Desert as an area of relative exclusion where people experienced physical and economic barriers to accessing healthy food. The physical and economic barriers being families with low income, which generally lacked transportation to and from grocery stores. Generally, the neighborhood grocery migrated follow a trend in the 1980’s. However, this migration while playing somewhat of a key role in shifting locations, during the 1990’s there was still numerous retailers that sold a variety of healthful…