Background of Homeplus

Home Depot’s financial statements are reviewed by the Swiss-based KPMG International’s Atlanta office (US SEC, Edgar, 2003). KPMG stands for Klynveld, Peat, Marwick, and Goerdler (ibig5, 2003). KPMG’s major industry groups are banking, chemicals and pharmaceuticals, communications, consumer products, and electronics, and the company has over 100,000 professionals in 159 countries (ibig5, 2003).

According to MarketLine, the world online retail market expanded by almost 18% in 2010 and is predicted to reach close to $435 billion in sales. The market is expected to reach a 90% growth by 2015 and exceed $827 billion in sales. Listed in an article “Ecommerce Growth Statistics”, the average amount spent by each consumer is expected to rise from $1,207 per year to $1,738 per person by 2016. That is a significant increase. That shows that people prefer to shop online than going to the actual store in today’s society. Shoppers will spend on an average of $327 billion online shopping in 2016, which is about 45% from $226 billion in 2012. It is very evident that consumers will drive ecommerce into the future; especially e-retail. In just a few years, purchases online will be more profitable than ever, with others products and services available to purchase such as mobile and social allowing consumers to shop to their convenience. For retailers and

When customers walk into the store, they first try to adjust themselves according to the surroundings of the store. It is very important to get the customers attention.By viewing the setup and location of the store in relation to the shopping, Paco

An industry of competition, and tight margins The Home Depot, and Lowe 's Company are still at it. Both of these companies stand now as the industry standard for the home improvement sector. The numbers that will be presented in this study show proof that both companies have extremely strong financial positions, and a long future in the home improvement industry. Competition is good for the retailer, but even better for the customer.

Blake Ives is the CEO of a seven-store grocery chain in Dallas, Texas. Ives had been inspired by Korean subsidiary of UK grocery giant Tesco, called Home Plus in Korea who has become the dominant local player. Home Plus uses QR code technology at subways stations, in order to enable customers to purchase their goods online while waiting for trains. The idea works in Korea but in Dallas, there are no subway systems. “The great intuition of Home Plus has been converting idle time (waiting in the subway) to productive time (shopping).” Ives needed to create something unique for Dallas, that would not require a high budget investment or the opening of new stores and at the same time would create significant value for Upscale

Bernie Marcus and Arthur Blank formed 'The Home Depot ' (then MB Associates) in 1978 in Atlanta, Georgia. The company went public in 1981 and was listed on the NASDAQ stock exchange. The Home Depot stock moved from NASDAQ to the New York Stock Exchange three years later in 1984.

2.1.3 Experience Zone The proposed store design plan includes ―experience zones,‖ which are models of rooms (family room, home

The Home Depot, Inc. has climbed its way up to being one of the world’s largest home improvement centers, one of the largest retailers in the United States, and rank in the top 100 in the Fortune 500 companies list provided by fortune.com. (Fortune 500, 2016) They operate 478 warehouse stores that sell thousands of items to customers and professionals. They have retail stores located throughout the United States, with stores in all 50 states, as well as in Mexico, Chile, and Canada. Their goal is to offer high levels of service, a broad selection of products, and have the most competitive prices. Home Depot was founded in 1978 by coworkers Arthur Blank and Bernie Marcus. The two hatched a business plan, and after securing sufficient

During the course of our visit, Ms. Powers shared with us the plans for the first floor of this immense facility which will incorporate occupancy by retailers such as Garden and Gun, Dean and Deluca, a combination restaurant/store which will be called “Mercantile and Mash,” and numerous others. While the lower level of the project will be designated for retail use, the second floor of the development will operate as two separate functions. The Cedar

A distinguished structure that is present in today’s retail environment is a shopping centre. A shopping centre is where multiple stores presenting different merchandisers are formed under a building and allocated through a leasing agency. Shopping centers are aimed towards middle income suburban residents who are mobile. A shopping centre has controlled walkways which enable consumers to walk from store to store. Plenty of effort is put into developing the design of a shopping centre, thus increasing the amount of time people spend shopping. The

The case is all about CDS (Concept Design services) , earlier they were in to business to consumer business by d product name of “Focus” now they have moved from business to consumer to business to business format. They have tied up with many design house and they give them the design which they manufacture and then distribute to the customer. They also moved from manufacturing focus products to high – quality stylish home wares with a high design value.

Technology innovations and breakthroughs have forced businesses to adapt or risk losing customers to the more agile and flexible competitors. According to Dulipovici & Vieru (2015) new technologies are moving businesses into the virtual realm. Customers are able to use a smartphone to make a purchase with a credit card and have it shipped to a location anywhere in the world. Technology has allowed hotels and airlines to install do-it-yourself kiosks to expedite reservations. This has helped these two critical service industries to streamline operations while improving service to consumers.

The Internet has changed the way we do virtually everything, including the way we shop. However, shopping is not the only thing that has changed. In the last decade we have changed the way, we apply for loans, study, and even plan a vacation. Doing any of these things would have been impossible a few decades ago. At present, online banking, paying bills, ordering new services, and shopping online have become part of our daily lives. Traditional brick-and-mortar stores have been around much longer than online stores, but we cannot deny that online shopping is giving the traditional stores competition. Many consumers still choose to shop at regular brick-and-mortar stores because they like to see and

* No option to buffer business risk using other retail channels. Compared to the competition, Homeplus do not have department stores to offset its loss on discount stores.

The traditional retail market has been transformed by technological advances. The internet today has allowed consumers to purchase various products from home ranging from apparel to groceries. The online shopping market has grown significantly within the past decade, leading to many online e-commerce startups such as Amazon, eBay, and mobile start-ups such as Instacart. While e-commerce provides convenience for shopping, it has created major disruption to the traditional shopping industries. Traditional retailers have since faced bankruptcy due to their inability to compete with such start-ups. The traditional American toy store, Toys R Us, announced its state of bankruptcy just last month due to a significant decline in sales. More and more consumers are turning to online giants such as Amazon to purchase daily items as a result of convenience. According to the Washington Post, Toys R Us is just one of more than 300 retailers to file for bankruptcy this year, as Americans ditch the shopping mall in favor of their laptops, smartphones, and tablets (Bhattarai, 2017). Shopping which used to require walking or a vehicle trip to stores is no longer required for consumers with online shopping. Online shopping has appealed to consumers worldwide by encompassing the business aspect of service convenience which constitute saving time and/or effort (Jiang, Yang, and Jun, 2012). For consumers whom have busy lives and those whom are physically disabled, online shopping is a positive