Primary Problems/Decisions to be made:
Bass Pro shop started as an 8-foot-long display area in the back of a liquor store in 1971 and has expanded into a Fortune 500 company that employs over 8,800 employees and has annual sales estimating somewhere around $1.25 billion today. The question at hand is: should Bass Pro Shops continue to expand, and if so at what rate should they? The primary problems they might face when expanding are as follows. Could expansion hurt their brand image and if so how? The Competition outside of Missouri is going to be much greater. They will not have the publicity and brand recognition as they do in Missouri. Does Bass Pro have the financial resources in order to open new stores, if not then what are some
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Bass Pros environment differentiates itself by offering a one-of-a-kind experience due to their outdoor environment, and offering hands-on product trials so the costumer can experience the product before they purchase it.
4. Customer service:
a. Expertise in their product line:
-Employees are required to show proper use and maintenance of products.
-3 years of retail service experience is required before consideration of employment. b. Customer convenience: -Customers are able to fill many needs because Bass Pro offers thousands of products under one roof. - Internet and catalog shopping offers services for consumers out of the comfort of their own homes
Weaknesses:
1. Managing Multiple Stores:
a. New management could create new potential problems: - Problems will occur much more frequently with new stores due to lack of experience throughout the employment chain.
b. Staying consistent with other stores objectives: - Being a chain, customers expect to have the same experience Bass Pro prides its name on. If managers do not uphold company standards from store to store, then one bad experience could lead to a negative image for Bass Pro Shops.
c. Higher payroll could hurt financially: -A much higher overhead could lead to losses at the beginning because they have to hire many new employees with each opening of a new store: therefore, this could
Even though Dicks is a premier retailer on the market, there are three suggestions that I would give a marketing manager to improve the company’s overall status would be to research newer products and improve existing ones, start a sports nutrition section in their store, and focus on improving employee knowledge on store products and different types of sports training. I believe the company could try and focus more on developing a Dicks’ value brand of sports equipment. This could help athletes training from lower income houses because they would be able to afford all or multiple sets of equipment to enhance their training experience. Expanding or developing a sports nutrition section would help Dicks to break into a market which has been previously untouched by the company. Offering nutritional products would add to the overall superstore concept where a customer can get all their shopping done in one location. And finally to improve customer service Dick 's could start a company program whose priority is to hire retired athletes who have better knowledge of sports and extreme physical training. In general an employee with previous sports training experience is going to have a better feel for what type of equipment is applicable for different training situations. With these improvements I think that Dicks Sporting Goods could enhance their customer satisfaction tremendously and propel the company even higher in its revenue
Because of this rapid growth several challenges can present themselves. A primary challenge that can present itself is the lost of the boutique feel because of the hundreds of locations. Even though each boutique is different and personalized, opening too many locations may cause the retailer to lose its niche in the market. Another challenge is the many changes the company has gone through in upper level management. Because of the changes investors have been discouraged, as mentioned before, and shares were down 16% after the changes.
To date, Bass Pro Shop's (hereinafter alternatively "the company") corporate strategy has been to focus on the growing wildlife recreation market. In this regard, Henderson and Moore (2006, p. 598) emphasize that, "Wildlife recreation -- hunting, fishing, and wildlife watching-has garnered increasing attention as an engine of economic activity in rural areas. The expansion and success of rural
In 1979, they opened three Home Depot outlets in the Atlanta area, adding fourth outlet in 1980. The next year Home Depot when public, opened four stores in South Florida, and posted sales of $50 million. After opening two more stores and making sales of $100 million in 1982, the company was named Retailer of the Year in the home building supply industry. The chain entered Louisiana and Arizona next.
Stores are cause and affect, if they offer more chain stores it will draw in more jobs; and bring more
Burton Snowboards takes surfing to the mountains, with premium snowboards and equipment. Jake Burton, the world’s first snowboard maker, founded the company in 1977 in Londonberry, Vermont. Despite it being small and privately owned, Burton is the industry leader in snowboards and equipment controlling 40% total market share in the winter sports industry. Burton is a global business with its main headquarters in Vermont, Japan and Austria and worldwide distribution capabilities in over 35 countries. Burton Snowboards operates three factory outlet stores in Vermont, Massachusetts, and Austria. To create buzz marketing, Burton encourages newbie’s to experience the slopes with its Learn To Ride (LTR)
Over the past 40 years, Bass Pro Shops, Inc., a privately held corporation, has leveraged a unique business model into a major success story, becoming one of the largest retailers of sporting goods in the United States. In fact, the company's flagship retail store in Springfield, Missouri, is the state's largest tourism attraction, outdistancing even major attractions such as Silver Dollar City located in Branson. This paper analyzes Bass Pro Shops strategic marketing methods, including potential growth opportunities, the different marketing strategies that are available, objectives for Bass Pro Shops' marketing plan, and the capacity of the company to respond to changes in the marketing environment. In addition, the paper examines the extent to which identified changes will impact the marketing strategy and provides an analysis of the company's current marketing strategy strengths and weaknesses. A discussion of key local, national or global emerging themes that have the potential to affect Bass Pro Shops, Inc. and recommended strategic responses is followed by a summary of the research and important findings are presented in the paper's conclusion.
You get the feel of a Bass Pro Shops when walking through the tall wooden doors, entering into a spacious two-story building.
Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online
Broad Differentiation because its products are in media networks, parks and resorts, studio entertainment, consumer products, and interactive media. Thus, it attracts a wide base of consumers through differentiating its products by superior dedication to creating high quality content, technological innovations in entertainment and international expansion.
As a ‘fundamental objective ' is about the convenience of online shopping. They are comments, online shopping is easy to find trade from different suppliers at home without having to go to the store. So, it will save you time, then shop in a store, in a retail store you have to go out to a store to another store. In addition to the convenience, customers can shop online without any time limit. You can search the World Wide Web online from Monday to Sunday, is open all year round 24 hours, anytime. It is also convenient for customers to share information through chats or discussion forums, to help others make better buying decisions. This is because the Internet a wide range, customers allow stores around the world, achieving great Internet sales, and comparison shop from the comfort of your home. Online shopping convenience to remove restrictive customers shopping in a store or purchase items they must be based on what is available locally. Online shopping at home than to spend time in places, gathered together more safely. This idea would also apply during peak seasons, such as the lunar New Year, Hari Raya Puasa, Deepavali and avoid large crowds during the Christmas holidays. In this way, it may lose the shopping for outdoor fun. In – store shopping could make social connections than that shopping independently
Another area that is positively affected is operations. They will be able to improve and increase operation efficiency, and focus on the technological aspect like self-check outs that will be added in the stores. In addition, the shift in management will create easy coordination since there is one main person dictating what needs to be done there will be little to none miscommunication on what needs to get done allowing everyone to work more productively. The most negatively impacted department would be management. There is going to be a massive layout of managers and regional bosses from every Whole Foods. Therefore, it will be harder to train the employees, especially with the implementation of
In an average retail store, the higher management, which includes the store manager and the assistant manager(s), need to,
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
There are more categories of products on the internet. And there are a lot of choices that people can choose, so they can buy what they want. The choice of a store is very much influenced by location and store types (Sinha, p.14). But brick and mortar stores have fewer kinds of products than online, and online shopping does not be influenced by location. Also, people do not need to be afraid to go buy some private things, if they want to buy in public store, such as, sanitary towel, underwear and so on. Because they can buy it on the internet and even it has more choices. Moreover, if customers want to buy a lot of things, and those things are not in the same place, then they need to run around here and there to buy all kinds of products they want. However, online shopping does not have this problem. People do not need to go out on a sunny or rainy day, just stay at home and pay it on the phone or computer. But the mall can provide some services for customers that are not available online, such as urgent care medical centers and roller coasters (Resnick, pp.1127-1128). Even then, online shopping is still better than traditional shopping. Furthermore, people can compare merchandise from different shops, so they can choose the cheapest and the best. Customers can try on new forms of apparel in stores, but it is too risky to purchase it based on pictures and text description in the internet (Resnick,