Case Study 2 Adapting Store Size to the Type of Location Submitted By : Marie Jo Aguzar 87/100 Under what conditions should a large box store retailer like a Best Buy Pursue a smallstore strategy? As U.S. chain retailers absorb the lessons of the great recession, many bigbox chains have started to shrink average store footprints to reflect the growing importance of multichannel shopping, adapt to urban settings and recognize the need to optimize investment. I suspect you got this from research so it’s always good to put from where both a brief note here and then in a bibliography page. WalMart Stores Inc., Target Corp., Best Buy Co. Inc. and Gap Inc., among others, all have small concepts in the works or are …show more content…
Sometimes a community may have more than one trade area (such as a convenience and a destination trade area). Knowing the size and shape of each trade area is extremely important because its boundaries allow for measurement of the number of potential customers, their demographics, and their spending potential. This information provides valuable insight into your community’s customer base and allows you to calculate demand for stores, products, and services. http://fyi.uwex.edu/downtownmarketanalysis/understandingthemarket/tradeareaanalysis/ The population characteristics of a small store’s trading area could come from that of a larger store when: ∙ The small store can be located in an urban or rural area, whereas larger stores are in suburban locations The small store appeals to different consumers by virtue of their edited selection of merchandise The key to this question is recognizing that a smaller format store will steal some customers away from the larger format store. But it should make up for it by getting new customers. Discuss the concept of tradingarea overlap from the perspective of small versus large store formats. Traiding area overlap occurs when the trading areas of stores in different locations encroach upon one another. In the overlap area, the same customers are served by both stores. Many retailers utilize geographic information system (GIS) software to
-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
This ethical issue that I have decided to write about is a matter that has occurred in many medical facilities across the world. I have made up some names for this case study but the incident is real. This case study involves a physician named Derek Johnson M.D. This physician worked with numerous of nurses and other health care professionals and most of them believed Dr. Johnson had a narcotics problem. The health care providers did not know for sure if this physician was using narcotics they could only speculate and they had some evidence that Dr. Johnson was illegally using the narcotics. The health care providers thought Dr Johnson was illegally using anesthesia. The reason the other health care
S.R is a 69-year old man who presents to the clinic because his “wife complains that his snoring is difficult to live with.”
1) Days cash on hand was 66.87 in 2012 and it dropped in 2013. This is better because they are potentially paying off debt and there is no need to just keep money sitting.
More shelf and trade promotion: The third strategy would be to spend more money on shelf
This type of research is very valuable. This type of research is the most accurate and best way to fully understand the virus. It may be time consuming but it is the best way to study the virus.
You are working in the internal medicine clinic of a large teaching hospital. Today your first patient is 70-year-old J.M, a man who has been coming to the clinic for several years for management of CAD and HTN. A cardiac catheterization done a year ago showed 50% stenosis of the circumflex coronary artery. He has had episodes of dizziness for the past 6 months and orthostatic hypotension, shoulder discomfort, and decreased exercise tolerance for the past 2 months. On his last clinic visit 3 weeks ago, a CXR showed cardiomegaly and a 12-lead ECG showed sinus tachycardia with left bundle branch block. You review his morning blood work and initial assessment.
Mark volunteered to help with the community arts festival; he was supporting the not-for-profit organization as he had in the past. However, he did not know his good intentions as a volunteer would cost him his job as an assistant manager. The retail store’s phone number was printed in the festival advertising in error and ticket requests overloaded the phone lines, causing loss of business and annoyed the store manager. As a result, Mark was seen as the cause of the problems and terminated.
Discuss the four components of corporate social responsibility and how they relate to a charitable campaign such as (Product) RED. How does participation in a cause-marketing event contribute to a company's social responsibility? What role does sustainability play?
1. Identify and describe the specific issues DeMur encountered in the workplace. Do the actions of other workers at Treton represent discrimination and harassment? What elements of law are important for Treton to consider?
1. Create and interpret Commonwealth’s statement of cash flows for 2013. What information does it provide regarding the HMO’s sources and uses of cash over the past year?
Question #1: Evaluate the conduct of Peter Lewiston against the EEOC’s definition of sexual harassment.
Small business and individuals/households do not have to go to Costco or any other warehouse club to shop. They have many other alternative places and channels they can make purchases, including from online retailers. Acceptable substitutes are readily available and buyer costs to switch are minimal. While the price at substitute retailers may not be quite as low, the selection of merchandise is greater and there is often greater convenience in location. Product differentiation is also low in that the merchandise is quite similar. Take for example Costco selling Sealy mattresses. The same mattress can be
The retail industry is highly competitive, with few barriers to entry. Each Company competes with many other local, regional and national retailers for customers, associates, locations, merchandise, services and other important aspects of the Company’s business. Those competitors include other department stores, discounters, home furnishing stores, specialty retailers, wholesale clubs, direct-to-consumer businesses and other forms of retail commerce. Some competitors are larger than JCPenney, have greater financial resources available to them, and, as a result, may be able to devote greater resources to sourcing, promoting and selling their products.” There are many factors that characterize competition, including advertising, service,
Krispy Kreme has experienced dramatic growth over the past 5 years based on their income statement. Every line on the income statement has grown rather impressively. Revenues have grown from $220M to $666M and net income has grown from $6M to $57M. Based on the income statement, Krispy Kreme is doing very well.