Retailing

While grocery shopping, I like to think that I am getting the most for my money, however after watching this weeks video, I am beginning to think that the store is actually in control. I try to keep my trips short, and I do make a list, and stick to it. However, I had no idea of some of the strategies they use to get me to spend more, and therefore I think it takes more than just a list to keep your spending in check at the supermarket. As the video stated, supermarkets main goal is to increase…

TANGIBLE Capital. Nordstrom has $8.11 billion in total assets, with $1.1 billion being of cash and cash equivalents.49 Inventory and Equipment. Merchandise inventory primarily consists of clothing, footwear, jewelry, household items, and cosmetics and it makes up approximately $2.07 billion.50 Human Capital. Nordstrom has approximately 72,500 employee’s globally.51 Real Estate. Nordstrom owns real estate all over the world and it is currently valued at $3.9 billion.52 INTANGIBLE Experience.…

Court Synopsis: Costco Wholesale Corp. v. Omega S.A. Costco Wholesale Corp. v. Omega S.A. case was heard by Chief Justice Roberts at 10:02 a.m. by the supreme court on November 18th 2010. Omega manufactures luxury watches in Switzer land, which it distributes around the world. One of Omega’s high-end watches, the Seamaster, sometimes bears an engraving of the Omega Globe Design. Omega obtained a copyright for the Omega Globe in March 2003. In this particular case, Omega is suing Costco over 43…

Macys Introduction Macy's, originally R. H. Macy & Co., is a mid-range chain of department stores owned by American multinational corporation Macy's, Inc. Macy’s now serves customers through approximately 800 stores in virtually every major geographic market in the United States, with a prominent Herald Square flagship location in Midtown Manhattan. Macy's is known for its niche in popular culture and the diversity of its merchandise. Macy’s, Inc. today is often at the top of the list of…

Three Home Improvement Companies with the Competitive Advantage in the Market. I have chosen three of the top home retail giants, who know how to target their customers’ demands: Home Depot verse Lowes and Ace hardware store, The Home Improvement battle for first place. Before considering Home Depot, as one of the top home improvement retailer, it is important to note that Lowes is also a goliath in the retail business. On the other hand, we have a simple mom and pop hardware stores like Ace…

The pressure comes as consumer tastes are changing. Instead of wandering through stores and making impulse purchases, shoppers use their mobile phones and computers to research prices and cherry-pick promotions, sticking to shopping lists rather than splurging on unneeded items. Even discount retailers are finding it harder to boost sales by lowering prices as many low-income consumers struggle to afford the basics regardless of the price. This is an on-going problem and it has currently…

For Nordstrom decision making starts directly on the selling floor. Nordstrom’s key strategy is addressing the need of their customers to the highest standers. A big part of this, is providing the sales staff with the right merchandise. In order for salespeople to be effective, Nordstrom is constantly providing relevant and desirable fashion for the consumer. (Giannopoulos, 2013) Uniqueness is key when providing people with cloths they want to wear. Clothing that makes them feel confident,…

Home Depot strives to stay ahead of the competition by building numerous, large warehouse type stores in lucrative locations and employing skilled staff to service its customers. The company utilizes a state of the art reordering system, which maintains a favorably high rate of inventory turns. Since its inception Home Depot goal is to be the largest supplier of home building supplies. Home Depot offers do-it-for-me installation programs that include products such as carpeting, flooring,…

Thankful for the opportunity to work as an intern with Amazon Inc. and summarizing in this memo history and executives, culture, financial performance, other e-commerce companies, industry globalization, lawsuits, recent changes and trends, Amazon and technology as one of the largest online retail websites in the world. This information will allow you to evaluate my understanding of the company as an intern. Amazon history and executives Amazon takes pride of being the first largest online…

As we enter this holiday season we’re once again being bombarded with advertisements upon advertisements promoting sales, deals, and more between November 24th and December 25th (with some even extending past that into “New Years Savings” as well). It’s Christmas time again, which means it’s time to buy gifts to hold over your friends and family until next year's sales start up. But why do we do this? What has spurred us to spend this holiday and others like it not with those close to us, but…