Neiman Marcus Case

After the financial analysis, it is clear that Neiman Marcus has a massive amount of debt that not only continues to grow, but it is clear that Neiman’s currently has issues making enough money to pay back their debts. Compared to other luxury retailers like Nordstrom and Saks, Neiman Marcus has a significantly smaller number of stores with 42 locations while Nordstrom has 121 stores in the US and Canada. With fewer stores Neiman Marcus has to make sure that they are appealing enough for their customers to want to take the extra time to come to them rather than going to a Nordstrom that is more convenient for them. This is also proving to be an issue with Neiman’s with customer loyalty. People are not as loyal to certain stores as they have been in the past; now people will go to whichever retailer will give them the best price for what their looking for whether it is online or in person. Neiman also faces problems abroad where their business is almost nonexistent, especially in China where a lot of counterfeit items are made to copy the items that Neiman’s

Through much trial and error, as well as, perseverance and innovation, Macy’s has proved to be a driving force in the retail market. By 1924, they grew to be the largest store in the world; and by 2014, were the 16th largest retail store in the United States. (Hanson, 2015) Their creativity in sales and marketing, inventory management, and customer service are all quality benefactors of their long history. Many of Macy’s innovations have quite literally

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 coupons. Its new strategy has become much closer to Wal-Mart’s strategy of every day low prices. Macy’s, on the other hand, has restructured with a push from the economic

A store like Nordstrom has built a successful model on availability of knowledgeable salespeople, and other luxury or near-luxury retailers would be advised to pay attention. But a mass retailer like Target is not dependent on “high touch” customer service; rather, the most important things it can do to satisfy its shoppers are to ensure that goods are on the shelf and the checkout process is efficient. As more consumers migrate to

Neiman Marcus department stores offer luxurious and high-quality men's and women's apparel and accessories. The Neiman Marcus Group operates 35 stores in nearly 20 states. The 2004 net income was an impressive $204 million and revenue was $3.5 billion. More importantly, their gross profit was $1.2 billion. Their net income is approximately 5.8% (compared to total revenue) and 1.7% (compared to their gross profit). This may seem little, but when a company revenues such a large amount, a

Macy's is one of the premier retailer franchises within the United States. To begin, Macy's Inc. is one of the nation's largest and well known department store chains. Started over 150 years ago, Macy's has continually generated excellent returns for its shareholders and employees. Currently, in the midst of a global recession, Macy's has generated huge profits with same store sales increasing 5.3% year to date. In 2012 same store sales increased 4.6% in the month of February alone (Macy's Inc., 2012). In fact, throughout the duration of 2012, Macy's is projecting even larger profits for its underlying business operations. Even though Macy's has experienced success with both its assortments and brand, its competitors haven't faired so well. Sears, due in part to part to a lackluster holiday season, has been forced to close nearly 120 locations to generate excess liquidity in an effort to shore up its balance sheet (Isadora, 2011).Other competitors who cater specifically to the middle class consumer have also lost significant amounts of market share as consumers trade down due to the economy. Macy's, with its ride array of assortments and products continues to grow as it attempts to capture market share from failing competitors. Macy's is also unique as it operates in a unique market

Urban Outfitters Inc. is one of the leading lifestyle retail companies. Urban Outfitters operates in over 500 retail stores worldwide, with plans to open over 35 new locations by the end of the next fiscal year. The company also has a website, mobile app and catalogs used to assist with sales. Urban Outfitters has goals of expansion and growth for their numerous brands.

Nordstrom is one of the top retailers in the United States. With a solid brand image and a sound financial situation, Nordstrom is relentless in their expansion in the US, and are beginning to expand into international markets. Nordstrom takes pleasure in providing state of the art client support and having experienced sales people. In order to hold their position as the most successful high-end retailer in the United States, Nordstrom must continue to figure out ways to improve their brand image and customer satisfaction. Nordstrom’s current business working strategy is successful but I believe there are a few ideal solutions that the organization could apply to further enhance the organization. Due to the aggressive

Case: Equal Employment Opportunity Commission (EEOC) v. Abercrombie & Fitch Stores, Inc., U.S. 135 S. Ct. 2028 (2015)

In the case of Equal Employment Opportunity Commission v Abercrombie & Fitch, a teenager Samantha Elauf filed against Abercrombie and Fitch’s company after she was denied employment at a store for “failing to accommodate” because she wore a hijab for religious practice. The incident first began in 2008 after Samantha’s interview with an employer at a store in Oklahoma. After she was informed of the reason why she wasn't hired, she filed a court case against the company for religious discrimination. In the District Court of Oklahoma, the court decided that Abercrombie’s “look policy” stating that employees must abide by dress code rules was perfectly reasonable. They agreed with the employer that Samantha must take off her hijab for work regardless

In the Dealey plaza, on Friday, November 22, 1963, Kennedy had been shot in the head by a sniper, named Lee Harvey Oswald, while he had been traveling with his wife for unknown reasons, all the while he was with the Texas Governor Jacqueline, John Connally, and Connelly's wife, Nellie, in a presidential motorcade. A ten-month investigation from November 1963 to September 1964 by the Warren Commission concluded that Oswald acted alone in shooting Kennedy for unknown reasons, while Jack Ruby also acted alone in what would be believed was a pursuit of vengeance when he killed Oswald before he could stand trial. The Dallas Trade Mart had been preliminary selected for the formal usually midday meal appointment that secretary Kenneth O'Donnell. It was selected that the final destination of the Trade Mart would be the end of the motorcade journey, leaving from Dallas' Love Field; 45 minutes had been allotted for the motorcade to reach the Dallas Trade Mart at a planned arrival time of 12:15 p.m. The actual route was chosen to be a meandering 10-mile (16-km) route from Love Field to the Trade Mart, which could be driven slowly in the allotted time.

Bed, Bath and Beyond (BBBY) currently has $400 million more in cash than they need for ongoing growth and operations requirements. While the company is financially sound analysts and investors worry about the company’s capital structure decisions. Investors do not want to see that much cash on the books and worry that the current capital structure is not the most effective for the future. They prefer that BBBY change their capital structure by paying out excess cash and issuing debt. This could allow BBBY to improve their return on equity and raise earnings per share. Given the low interest rates available it seems like the perfect time for BBBY to add debt to its capital structure. Until now they

Another issue facing this corporation is the question, what should we do next? Harry Rosen Inc. is not in a stagnant position where they are facing a road block and are unable to grow, but rather how should they grow successfully? The obvious strategic move is to expand their locations and try to have a larger customer base. Over the years, they have followed this strategy but focused on investing capital into renovating store locations to enhance each customer’s shopping experience. By renovating each store and acquiring more retail space, it allows them to cater to their different customer’s taste as oppose to being limited to only selling suits and formal wear.

This gain value and addresses a key decisive achievement factor in the industry (Grant,2010). As position is important to offer convenience and a deep assortment, An extra unique intangible resource would be their brand representation and customer loyalty, this is vital since it can attract or attract consumers and it could be necessary to build the brand image .

Macy's is one of the premier retailer franchises within the United States. To begin, Macy's Inc. is one of the nation's largest and well known department store chains. Started over 150 years ago, Macy's has continually generated excellent returns for its shareholders and employees. Currently, in the midst of a global recession, Macy's has generated huge profits with same store sales increasing 5.3% year to date. In 2012 same store sales increased 4.6% in the month of February alone (Macy's Inc., 2012). In fact, throughout the duration of 2012, Macy's is projecting even larger profits for its underlying business operations. Even though Macy's has experienced success with both its assortments and brand, its competitors haven't faired so well. Sears, due in part to part to a lackluster holiday season, has been forced to close nearly 120 locations to generate excess liquidity in an effort to shore up its balance sheet (Isadora, 2011).Other competitors who cater specifically to the middle class consumer have also lost significant amounts of market share as consumers trade down due to the economy. Macy's, with its ride array of assortments and products continues to grow as it attempts to capture market share from failing competitors. Macy's is also unique as it operates in a unique market demographic. It is upscale, but not to the extent of Saks Fifth Avenue or a Nordstrom. It is also not as low scale as a JC Penny