Feinstein Graduate School AN ANALYSIS OF JC PENNY’S AND HOW IT RELATES TO COMPETITION WITHIN THE RETAILING INDUSTRY A Paper Submitted in Partial Fulfillment of the Requirements for the MBA Degree Course: MGMT 6800 MAY 9th, 2012 TABLE OF CONTENTS EXECUTIVE SUMMARY 2 COMPANY PROFILES 4 1. JC Penney 4 Strategy initiative 4 Mission…………………………………………………………….. 5 2.KOHL’S………………………..………… ………..……………………5
summary: Macy’s Inc. is one of the oldest enterprises in the United States, belonging to the department stores industry. (Hoovers.com) It is a national brand, owning 850 department stores. During the development of the company, there had several key decisions that were beneficial for the company. However, in recent years, the competitions in department stores industry become more and more serious. Due to the economy downturn period, Macy’s and many other retailers were suffering. Fortunately, Macy’s has
Bloomingdale’s. Macy’s stores sell different kinds of products such as apparel, accessories, jewelry, cosmetics, and home furnishings and other related items. Macy’s also offers online shipping services to the clients in large numbers of countries. The company currently operates in four business segments including Macy’s, macy.com, Bloomingdale’s and Bloomingdales.com. Below are some of the highlights of Macy’s history. • 1858: New York retailer Rowland Hussey Macy opens his first store on the corner of
(CLV). The RFM model focusses on three key metrics; how recently a customer has purchased, how often they purchase and how much money they spend. On the other hand, the CLV model attempts to predict the amount of money a customer will spend with the company from present day till the time the business relationship is terminated. Gupta et al (2006) indicate that the main limitation to RFM models is that they use a scoring system and do not provide a specific dollar value. However, there are successful
Localized 11/29/12 Executive Summary The industry we have chosen is the department store-retail industry. Within this industry, we have chosen the department stores of JCPenney and Macy’s. We find this industry, as well as these two companies, interesting from a strategic perspective. JCPenney has recently undergone a massive strategic restructuring in regards to its pricing, brand offerings, and store layout, pushing it away from the typical department store strategy of discounts and
………………………………. 7 Barriers to Entry…………………………………..……………………………………… 7 Threat of Substitutes……………………………...…………...…………………………. 7 Competitive Rivalry………………………………………….……………………………8 The Drivers of Change………………...………………………………………………………………..…………9 Companies in the Strongest/Weakest Positions………………………...………………………..11 Industry’s Attractiveness and Prospects for Long-Term
MARKETING MANAGEMENT 555 Lecturer: ***** Assessment 1 Case papers overview Due: 14th February 2013 (Thursday) Word Count: 1588. Facebook Student Name: David Yew-Choong KAM Student ID: 1 WHY do people use Facebook? Whether it's for posting updates, reposting articles, checking in locations/whereabouts, or playing Farmville – people participate in Facebook to stay connected, to relax, to be entertained, and to be kept informed (Bond, Ferraro, Luxton and Sands 2010, 4; Piskorski
are the industry leader, in the recent years their sales growth rate has not experienced such of an increase. The decrease of the slowing growth rate from their previous double-digit growth has begun to develop problems and serious concern for the company. They are now faced with the attempt to understand the symptoms and causes of the problem and how to regain their growth strength. Internally analyzing with the VRIO system, Wal-Mart tends to still prove their strength. One of their largest strengths
In many regions, acquisition strategies are used by large retailers to enter local markets. In a long time, Giant retailers purchase small- and middle-size local retail companies, while they are infant, to expand their business in the local areas. However, in mature markets, few retailers want to sell. It’s tough for retailers to enter overseas or foreign markets by acquiring local players. Even worse, new local competitors
Project Title Online mobile ,laptop and ipad shopping By: Gurjot Singh Grewal ID : 14091039 Tasman International Academics Department of Information Technology In partial fulfilment of the requirements of Diploma in Information Technology (Level 7)