Myrtle Mcgee Case Study

4. Apart from welcoming an innovated product, this can also build good relationships with the department store.

large retailer will take Gloria’s business to the next level, but she has to get her

We could put more women’s items setup in window display at the entrance of each store. If the same products are available in all channels, customer can shop at the stores with all sizes, style and color, and the estimated sales will increase in retails. In addition to the promotion of women’s items at shop such as shoes, swimwear and dress would widen the choices for the customer. They could offer crossover brand name products and sponsor the qualified and famous explorers, athletes and celebrities to attract the customer’s attention and boost up more sales.

Helen’s is an upmarket fashion boutique store in Sydney’s east. Falling sales have been reflected by surveys that reveal consumers view the business as outdated and no longer relevant to consumers’ needs. Strong competition in the area has placed considerable pressure on pricing. The business’s target market, 50-65 year old females, no longer dominated the now younger demographic character of the area.

This beauty retail store SWOT Analysis includes several strengths and weakness that it has currently developed in its structure. However, there are a few opportunities that this company should take advantage to seize the moment and there are a few threats in which they should find new ways to overcome

Pamela Parish exemplifies what it means to be a hardworking and diligent college student.  Pam’s commitment to the university and the community has been shown time and time again.  When it comes to commitment and dedication, Pam stands out more than anyone.  Her dedication and positive influence on campus makes her an inspiring leader.  She is involved with many organizations and leadership roles on campus.

Many people have their own views on the Small Business Administration. Two women who know about the SBA have their own opinions about the overall administration in an article called, “Should the Small Business Administration be Abolished?” The women’s names are Veronique de Rugy and Barbara Kasoff. Ms. de Rugy wrote a small article with the title, “Yes: It Is a Waste of Money.” Ms. Kasoff goes against what Ms. de Rugy and creates an article with the title as, “Its Role Is a Crucial One.” In Ms. de Rugy’s article she goes off saying, “...the SBA hurts more small businesses than it helps, wastes taxpayer money, and distorts economic activity.” Opposing what Ms. de Rugy said Barbara Kasoff believes that, “About half of the people who work in this country are employed by a small business.” She also

Mr. Paul Mackay, a sole proprietor, has approached the Commercial Bank of Ontario in order to obtain an additional $194,000 bank loan and a $26,000 line of credit. Paul owns and operates a general merchandising retailer in Riverdale, Ontario named Lawsons’. The bank loan is needed for Mr. Mackay to reduce his trade debt that has a sheer 13.5 per cent interest penalty. The line of credit is needed for sales seasonal downfalls so that Mr. Mackay could properly manage those tough months. Jackie Patrick, a first time loans officer, has been appointed to Mr. Mackay’s request. Although anxious to finish her first loan, Ms. Patrick knows that this particular case is a difficult one.

The intensity of rivalry and the threat of substitutes are strong components for J.C. Penney to consider as they continue to strive for increased revenue and market share. Their two primary competitors are Macy’s and Kohl’s, both of whom have fiercely competitive strategies to be strong retail operations. For instance, while Macy’s offers a multitude of promotional deals and is working hard to choose products based upon demographics and geographic segmentation, Kohl’s is attempting to reduce their inventory levels and improve their marketing strategies in order to become a stronger competitor in the department store segment of the retail industry. In order to compete with their competitors, J.C. Penney aims to focus on their previously successful promotions and home department segmentations by bringing in new reputable designers in order to attract a larger customer base. Due to the fact that the intensity of rivalry and threat of substitutes are both moderately strong in the retail department store industry, J.C. Penney ought to be diligent in their implementation of strategies in order to achieve success in the retail business.

Opening a new retail business can be daunting to say the least. The entrepreneur accepts full responsibility for development and management, including the risks and rewards. Many businesses do not survive to see their fifth anniversary since business owners fail to develop an effective business plan (Haag, 2013). The key to the success of a business is writing a business plan down first, when preparing to open a business, it emphases on the main areas of concern and will be the core support of a successful business. There are many obligations that must addressed before opening up to the general public and this paper will discuss the steps that need to be taken from the beginning until the grand opening of a fictional retail store, Savvy Chic Apparel. These obligations and steps will include financing options, location strategies, merchandising plans, staff recruitment, preliminary training, product selection, store management considerations and advertising media budgets.

Cherry Lady Company that is under Alicia Gans’ management produces premium chocolate. The organization is torn between having Epicurean Selections as the main customer and pursuing other new opportunities that are discovered in the sector. However, accepting Epicurean Selections as the key client would alter the business drastically. Therefore, there are key options that the firm has to pursue in order to make an effective decision

The recent recession has hurt the entire retail market and regaining profits will be a constant challenge for the entire industry. In order to remain competitive, Ann Krill states,” value and versatility have become very important. She needs an incentive to shop.” (Hymowitz, 2012) Ms. Krill goes on to say,” I think in uncertain economic times, value becomes more important...” (Hymowitz, 2012)

He acquired it at a good price with everything was already in place: existing customers, available resources, financing records, and a cost free goodwill. The Comfort Homes business is already a proven entity so the risk factor is low; it’s often easier for James to obtain financing for Comfort Homes established operation since he can look at the business’s record to determine its financial stability. Furthermore, the business has a transportable homes product that is presently being produced, distributed, and sold. The equipment needed for production is already available and its limitations and capabilities are known for him in advance (SMBSC 2006). Those factors have facilitated the success of his venture in an extremely short period of time. However, his business still needs a plan to sustain its performance and continues growth. A business plan is a written document that describes the current state and the presupposed future of an organization (Honig & Karlsson 2004). A plan is required when seeking to secure contracts from large customers or suppliers and to assist the management of business venture. Market and customer examination should be considered before the development of any future business plan. Yet, most of small firms do not possess formal written business plans (Unni 1984), and many entrepreneurs lack of business planning skills (Posner 1985). Comfort Homes didn’t have a formal business plan

This case details the position of Carol Sullivan-Diaz, the 28-year-old daughter of Walter Sullivan who died at the age of 56. Walter had bought a Ford dealership in 1983 that eventually grew into what is now Sullivan Ford Auto World. The business sells cars but also services them. Carol is disappointed by current turnover in car sales and sees that the service revenues are below average for this size of dealership. Carol’s now has to decide what way to tackle the future. She can sell the business but will probably only return a value below what it might be worth if profitable or she can look at the operation and see if she can turn it around herself. While she has a bachelor’s degree in economics, an MBA degree and a

A small business with no revenue, no track record and no sales screams high-risk. Luckily, there are other pockets to pick to help your small business get the financing it needs to grow and thrive .In these essay want to explain about other potential sources of financing for Jacqui LLC . And I explain about the advantages and disadvantages of using equity capital and debt capital to finance a small business's growth. And I give for Jacqui Rosshandler to investment offer from Arthur Shorin.