Dollar General Store: Business Analysis

When examining competitive advantage, it is also important to consider the market and take into account the existing competition against larger firms.

According to Gibbens, Robert. The Gazette, he states that, past 20 years Dollarama Inc. and chief architect have built 721 unit of national retail chain exceeding $4 billion market value from a small discount store in Matane in Quebec’s Gaspe region. As per the article Rossy open his first store in Montreal in 1992 and was the head buyer besides being the chief executive. “Rossy also innovated on the buying side, cutting deals with the manufacturers, not the distributors that most retailers deal with. He scouted out competitive retailers for items worth $5 and $10 that his suppliers could copy for him to sell for a Lonnie. This enabled Dollarama to offer higher-quality $1 merchandise than most of its competitors, while offering a

"Strategic management is a set of managerial decisions and actions that determine the long-run performance of a corporation" (Wheelen & Hunger, 2006, p.3). The benefits of strategic management helps the firm focus on the objectives and develop the steps involved in obtaining the vision and financial wealth of the organization. An effective strategic management plan should include the following three questions: (1) Where is the organization now? (2) If no changes are

Dollar Tree, Inc. is an American-based chain of discount variety stores, selling every item for one dollar or less. The company’s headquarters is in Chesapeake, Virginia and operates more than four thousand stores throughout the United Sates (DollarTree, Web). Its stores are supported by a national logistics network of nine distribution centers. The enterprise operates one dollar stores under the name Dollar Bills and Dollar Tree. The Enterprise also operates a multi-price-point variety chain under the name Deal$. Dollar Tree company competes in the low-end and dollar store with the national chains Big Lots, Dollar General, Family Dollar together with other regional stores like Fred’s and Mary, 99 Cents Only Stores and many other independent dollar stores nationwide (Adam, 2011, Web).

Executive Summary: Dollar General is the sixth largest mass merchandiser, and the fourth largest discount store in the U.S. However, significant growth opportunities remain for extreme-value retailers such as Dollar General. Dollar General’s strategic objective is sustainable and profitable long-term growth. The company has opportunities for growth by expanding in the United States to areas that lack an extreme-value retail presence. Continuing to serve low-, middle-, and fixed-income families in small communities will prevent Dollar General from competing directly against mass retailers such as Wal-Mart and Target. Dollar General’s strength

With food retailing, the relationships between food manufacturers and retailers have been traditionally fairly complicated. We certainly see this complicated relationship with the mega box retailers. Manufacturers often pay slotting fees for shelf space and fund promotions, which means that they are subsidizing the advertising for their products. Trader Joe’s on the other hand have taken a much different approach. Trader Joe’s has eliminated many of the middlemen as they buy directly from the manufacturers. They buy large quantities, don’t sell shelf space, don’t offer discounts or coupons, and most importantly, they pay their suppliers quickly rather than stretching out the accounts payable for as long as possible. They do however change the balance of power in the supplier relationship by buying

Upon entering the foyer at Trader Joe’s there was a totem pole shape figure for recycling bags. The store was brightly lit giving clear view of fruits and vegetables at the entrance. A majority of the products in the store were organic and contrary to Aldi, the prices were moderate to high. All of the items I viewed were not name brands were Trader Joe’s. The grocery carts are available at no charge to utilize during your visit at the store. The store was spacious and there was plenty of room to maneuver the cart. I did not notice many displays but the way the food was arranged and labeled my interest was sparked to take a closer look. There was an area where I noticed that items were arranged to entice you purchase additional items that would

While there are currently other wholesale companies out there, Costco was a main driver of this type of business when the craze of buying in bulk first started. Costco did not start off as Costco but rather it stemmed from a partnership with a business called Price Club. Their simple business and marketing model allowed Costco to grow into a multibillion dollar organization. Price Club was started by an individual named Sol Price in the late 1970’s in the west coast. There first store was in a converted airplane hangar on Morena Boulevard in San Diego.

Sam’s Club is a very well-known business around the country. They are located in 47 different US states. Sam’s Club currently has 660 members and 100,000 employees. Sam’s Club was founded in 1983 by Sam Walton in Midwest City, Oklahoma. The new CEO is John Furmer on February 1st, 2017. Sam’s Club has given $.4 billion to people in need who don’t have enough money to support themselves. They are owned by Walmart and affiliates with them. In 2016 alone, they had $486 billion in revenue. Over the past 10 years their sales trends have ranged from 5% - 3.9% in sales growth. The only year that their sales growth went down drastically was in 2016 when they went down by -3.2%. They have many different competitions but one major competitor is Costco

According to Reuters, “the Dollar Tree Inc., was incorporated in 2008, as discount retail stores” (2016, para. 1). Today, the company has 13,851 discount retail stores located throughout 48 states and five outside the United States (Reuters, 2016). Their competitors are Wal-Mart and Target (Reuters, 2016). The company has two segments. (Reuters, 2016). The first segment is the Dollar Tree, which “are discount variety stores offering merchandise at a fixed cost” (Reuters, 2016, para. 1). Their second segment is Family Dollar, which are “general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores” (Reuters, 2016, para. 1). According to Kurumi Fukushima, when the Dollar Tree were given

The target market for extreme value retailers is really anyone who wants to save money but historically their main target is rural and urban shoppers, low-to-middle income young families, ethnic groups and

Dollar General (NYSE: DG) is a public company is an American chain of variety stores and they are headquartered out of Goodlettsville, Tennessee. They offer name brand and generic items. Some history about Dollar General is that they were founded in Scottsville, Kentucky by the company J.L. Turner & Son, Inc. They stuck to the idea that their items that they were selling were going to be no more than one dollar. The idea became a success, and other stores owned by J.L. Turner and his son Cal Turner were quickly converted. By 1957, annual sales of Dollar General's 29 stores were $5 million. The Turners did not reach this level of success without obstacles. James Luther (J.L.) Turner's father died in an accident in 1902 when J.L. was only 11.

The company chose to discuss is Best Buy. Best Buy was founded by Richard Schulze in 1966. It was originally called Sound of Music before it changed to Best Buy in 1983 (Best Buy, 2016). The company is a leading provider of technology products, services and solutions (Best Buy, 2016). Given that this company strives to keep up with trends in technology, they keep their mobile applications up-to-date as well.

“To serve others: to provide customers a better life, shareholders a chance for a superior return, and employees respect and opportunity”

A company 's current situation depends heavily upon the strategies used to obtain goals. Businesses that have aspirations should incorporate basic strategies and aggressive approaches to achieve and perform efficiently. The strategies discussed in this paper are in the Walmart Company, founded in 1962 by Sam Walton. Walmart 's plans for success evolved over the years while undergoing many modifications based on circumstances and management. Not only was the strategy important but the company 's business model as well, which was to generate funds to cover costs while providing services and goods to clients. Walmart has confidence in the services and goods that they provide to the consumer and the lower the price, will not only attract