Case Study: Gymboree Bankruptcy

There are many factors that appeal to leaders why organizational change is needed in today’s business to stay competitive. Weiss (2016) noted “Factors such as technology and globalization have made the world far more interconnected” (p. 4). These factors can create more risks and opportunities for organizations to succeed or fail. Change management is inevitable, in order to successfully bring an organization into the twenty-first century, leaders must recognize this, develop plans and successfully execute them to remain relevant in today’s economy. This paper will provide an overview of Discount Tire Co. and diagnose the strength, weaknesses, opportunities and threats and present a plan using Kotter’s eight-step change process and

CVS Health Corporation is an integrated pharmacy healthcare and head quartered in Woonsocket, RI. The President and CEO of CVS is Larry J. Merlo. The company has three segments, Pharmacy services, Retail pharmacy and Corporate. CVS was previously known as Caremark Corporation and the name was changed to CVS on September 3rd 2014.

Dicks Sporting Good is the largest and most profitable publicly held specialty sporting goods retailer in the nation. In 2012, they strengthened their competitive position by expanding their store network, enhancing the customers shopping environment, growing their own private brand portfolio and upgrading several of their key technology systems. They have also set the stage for future growth by opening a fourth distribution center, breaking new ground with the “Untouchable” marketing campaign and fueling the market research engine by testing new retail concepts. For the last three years the store profits grew tremendously. The initiatives drove sales up and they were able in 2012 to have $345 million in cash and cash equivalents and no outstanding borrowings under our revolving credit facility (DKS Annual

In week 6, I will be discussing the Americans with Disabilities Act. Secondly, I will discuss applications to hiring health care providers and how to establish reasonable accommodations. In my review of case EEOC v. Sears, Roebuck & Co., I will discover my findings in the American with Disabilities Act and what it entails. In conclusion, I will discuss my overall discoveries and what was important.

Wahoo Inc. is a C Corporation that filed for Chapter 11 bankruptcy protection in April 2015. Before filing bankruptcy, Wahoo has net operating loss (NOL) carryforwards of $65,000,000 in 2009, $45,000,000 in 2010, and $30,000,000 in 2011. The company worked out a re-organization plan and one of the note holders (a venture capital firm that financed the company) with a $105,000,000 note payable will receive new common stock and the old stocks will be cancelled. The Bankruptcy Court and the creditors’ committee have accepted the plan. The fair market value of Wahoo before the ownership change was $85,000,000. Wahoo’s selected assets from the balance sheet are as follows:

1. Evaluate Family Dollar’s retail strategy. Will it work in both good and bad economic times?

In March 25, 2014 Sylvia Burwell was denied certain health benefits for contraception while working at Hobby Lobby Inc. Sylvia Burwell, The Secretary of Health, and Human Services (et. al petitioners) attempted to sue Hobby Lobby Stores et al (Conestoga Wood Specialties Corporation et al petitioners). The case was brought to the court by Justice Alito. Sylvia Burwell and her accomplices argued that in the circumstance whether the Religious Freedom Restoration Act (RFRA) permits the US Department of Health Services (HHS) to demand three closely held corporations to provide health insurance coverage for methods of contraception that violate the sincerely held religious beliefs of the company’s owners. The secretary of Health and Human Services

7-Eleven Inc. is one of the leading chains in the convenience/ retail industry. 7-Eleven was founded in 1927 in Dallas, Texas. It is the world’s largest mover and expanded faster then any of the convenience store. It also has many stores with gas stations that are cheaper price then the competitors. (http://mbacase.blogspot.com) The name 7-Eleven was originated in 1946 because the stores were open from 7am to 11pm. 7-Eleven has changed vastly after they started offering customers service 24 hours and seven days a week. It has now become the one stop shop, where customers can get their products quickly. (http://franchise.7-eleven.com)

According to the plaintiff in the Coleman v. Kohl’s Department Stores, Inc., et al., Case No. 15-cv-2588 (N.D. Calf.). In June of 2015 Kohl’s Department Stores Inc. allegedly used ambiguous and misleading language to obtain credit reports from job applicants in violation of the Fair Credit Reporting Act (FCRA). As a result of the confusing and misleading application materials, plaintiff alleges that Kohl’s obtained a credit report and claims that Kohl’s willfully violated a recent warning by the (FTC) Federal Trade Commission to display background check disclosures to job applicants in plain language and on a separate document.

          According to Wiki Invest, in 2006, Foot Locker’s company-wide operating margin dropped; so the company decided to close numerous stores in order to improve profitability. The company developed a strategy to open new stores, relocate existing stores, and close down the weak stores. The strategy continued throughout 2007 and 2008. However, Foot Locker experienced another decrease in 2008, generating only $5.24 billion in total revenue, which was a 3.7% decrease from their 2007 sales. Struggles continued in 2009 as retail revenue dropped to $4.85 billion, however, its net income increased compared to the $-80 million the previous year. Finally, Foot Locker experienced a strong third quarter due to a combination of strong

In the United States of America, being fit and active is an important value of the culture. Many employers give out free gym memberships or encourage their employees to take a longer lunch to go be active. According to Business Insurance, many companies in New York have been organizing midday dance parties to give their employees some time to get out from behind their desks and move. Feeling good about the way one looks can be an important part of exercise because it promotes higher self-esteem. There is no longer a need to wait until you get into shape to look good when companies like Lululemon are now producing exercise wear that is fashionable. An industry professional was quoted as saying “Our customers desire clothing that they can work out in and then head out into the world.” If clothing fits well enough, then people are going to want to wear it all the time. Although fashion trends are ever changing, Lululemon is always creating new products to keep up with them. According to The Bureau of Labor Statistics, the retail industry is considered a high growth industry. The retail trade sector is the nation’s largest employer. The growth rate of real output for the retail trade sector of the economy is 4.6% annually. From 2004 to 2014, the real output grew from 1.1 trillion dollars to 1.8 trillion dollars. This can be attributed to new apparel companies always entering the

The Dollar General is an American wholesale company that was first initiated in Scottsville, Tennessee by Turner and Cal Turner. Its headquarters are located in Goodlettsville, Tennessee. The mission statement of the Dollar General is "Serving Others." This mission statement helps to bring out the innate requests and intentions of the company in the United States of America and other countries in the world. The company has a vision that describes how it manages to cater for four different types of people. These four groups of people include the customers, the community, employees, and shareholders. Within these categories of people, Dollar General aspires to serve others through deliver of price quality and terrific prices for customers, opportunity, and respect for employees, a superior return for shareholders and a better life for the communities.

The retailer announced their decision to continue a plethora of store closings after suffering a $63 million loss for Q1 of 2015, worsened by the fact that their losses exceeded the expectations of market analysts (Investopedia). Following the absence of CEO Mike Jeffries as of June 2015, Abercrombie’s stock dipped to its nearly annual low of $19 per share. The company continues to increase promotional efforts while offering uncharacteristic discounts in an effort to lure consumers back into their stores despite weakening profit margins. Abercrombie & Fitch has also furthered its efforts to expand and improve its e-commerce site to develop a more user-friendly shopping experience in the wake of over 200 required store closings nationally. While Abercrombie’s Executive Chairman, Arthur Martinez, attributes the company’s losses to a transitional phase that will likely take several quarters to reflect results of their strategic efforts, analysts continue to suggest that its unlikely consumers will return to the brand despite its new incentives (Forbes Contributor). Currently, Abercrombie’s dismal annual report and small scale efforts to rebrand itself makes it a risky investment option, albeit has potential to improve in the future given their focus on improving their online presence and providing a better return for investors.

The O.M Scott & Sons Company has had continued success in the grass seed and lawn care industry. The company started in 1868 as a local company in central Ohio, focused on selling grass seed only. The company saw great opportunity in the lawn care industry, so it decided tot take action. O.M Scott & Sons grew into a national company that distributed its products by mail, and eventually sold to retail stores nationwide in 1959. The company was able to grow expanding the company’s field sales force. This increase in sales force led to a continued increase in sales and profits, which allowed the company to invest in R&D more heavily. This increase in R&D led to better products, which further increased sales and profits. The objective was to service the various retailers across the U.S with adequate inventories, especially in the high seasonal peaks. This was difficult for most of the smaller sized dealers the company was selling to, so Scott had to fund the dealer inventory buildup by itself.

Answer to Question 1. MITRE is following the committed expert strategy. Its recruiting focus is targeted. MITRE does not resort to broad recruiting channels because it’s costly and doesn’t attract the right kind of candidates. MITRE mostly uses internal sources to hire new people. The company’s current employees do most of the recruitment and, in return, they get bonuses and opportunities to improve their team by suggesting candidates that they find suitable.