Continued Growth for Zara and Inditex

Francesca’s is a growing company that possesses a lot of potential for future growth. The company started in 1999 and was founded in Houston, Texas by three siblings Chong Yi, Kyong Gill and Insuk Koo and one other partner John De Meritt. Originally the company was dedicated to offering accessories, home décor, and jewelry but later came to include apparel because of their growth across the country. Francesca’s became a publicly held company in July on 2011 under the name FRAN and since then the company has gained 11%. Francesca’s brand identity can be characterized as a one of a kind, specialty boutique that builds emphasis on the customer shopping experience. Each boutique carries unique merchandise that varies from store to store so

2007 1.42 0.78 $7,193 2007 2.56times 6.27times 9.34times 8.86times 1.47times 2007 0.67 1.82 0.16 $2,450

about $1000 for our multi­featured. We thought that cutting costs would help increase profits for

At $7.50-8.50 per average full meal, Zaxby’s is very affordable. It is a little more expensive than some fast food chains such as McDonald’s, but is a healthier and fresher alternative. Customers are willing to pay the extra small amount for the higher quality product. The service one generally receives in the restaurant is much better than with comparable competitors. The local locations are actually decorated to suit the interest of the area surrounding it. This is what we marketers call “regionally aware”. It gives the customers a more close to home feeling when they first enter the restaurant, while they dine, and when they leave. Zaxby’s has already proven itself to developing talent with its employees and management which adds up to better customer relations and service which in turn leads to increased customer loyalty. Unfortunately, customer loyalty is one advantage that will not follow us to another country. However, customer loyalty will be achieved gradually over a period of time.

The projected costs in the last six months of 2004 (column 4) are calculated by subtracting the actual costs for the first five months of 2004 (column 2) from 2004’s projected total costs (column 3). This gives us the projected costs for the last seven months of 2004. However, we are only interested in the last six months of 2004, so

Although the company did show an increased gross profit of $8,255,000 with $6,358,000 less Net Sales in 2013 versus 2012, that increase is due to the reduction in product Cost of Goods Sold by $14,613,000. Since increases in product price will negatively affect sales, one of management’s primary goals is to keep prices stable. This objective is achieved through implementation of cost cutting programs, investing in more efficient equipment, and automation of more steps in the production process.

Question 1: In what ways are elements of the classical and behavioral management approaches evident in how things are done at Zara International? How can systems concepts and contingency thinking explain the success of some of Zara’s distinctive practices?

In "The Store" by Edward P. Jones, the narrator seems to be an irresponsible, immature, and lazy at first. At the beginning, not even once he bothered thinking about the future. All he cared for was the cigarettes and the beers. He called them "valuables". Since he was living with his mom, he did not have to worry about the shelter and the food. Therefore, he did not bother to look for the new job. His mom did not seem to care about him fooling around jobless as well. Because of that, he did not care when his brother told him to look for a new job. Altogether, he was a waste at the beginning. However, Mr. Jones gave the strong clue about his future success by showing his strong work ethic when he said "Never late, never talked back and always volunteering" (142). With that in mind, there were some incidents as the story progressed, positive and negative that helped him to realize about his future.

What sales volume would have been necessary in 2004 for Benetton to attain a target income from operations of €300 million?

* We decreased this cost as a percent of revenue 1.5% below the previous year for all forecasted periods

Answer: Comparing the direct labor and overhead costs from 1988 and 1989 the actual savings were 270% (as detailed in Table 1)

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

years, sales had increased at a 7% compound rate, while earnings, benefiting from substantial cost

The total amount of the costs which should be matched with Revenues for 2003 is $71,129. This is done by taking the capitalization amount shown above (217,520), dividing it by the 200,000 unit estimate, and multiplying it by the units that were sold in 2003. The calculation is shown below.

activity in its flexible budgets. During July, the company budgeted for 7,900 units, but its actual level of activity