In 2016, Retailers opened the lowest number of new stores for five years and there are now 40,000 less shops then there were in 2006. As retail notes a decline in stores, online shopping now accounts for 15% of retail sales; if this increases year on year, could this be detrimental to high street stores and the way we shop? Retail department store BHS was founded in 1928 and had 164 stores throughout the United Kingdom with a custom of 1.2 million. In the year 2000, Storehouse PLC sold BHS to Sir Philip Green, making BHS a private company. In 2015 the company was sold again to the consortium Retail Acquisitions Ltd at quite a substantially low cost of £1. In April 2016 the company entered administration and after failing to bring £60 million into the business it closed its doors in September 2016.
BHS were in competition with fellow department stores Marks and Spencer’s, Next and Debenhams; but whilst BHS failed to adapt to the changing ways customers shopped, their competitors succeeded and introduced their customers to Apps to download, a click and collect service and instore ordering points which were all ways to help make shopping convenient and simple.
BHS appeared to be dated and not able to connect with customers new shopping habits which in turn lost them new customers.
Within the same month BHS closed its doors, they re-launched as an e-retailer selling homewares and fashion. Since the launch of their website, BHS have had 850,000 visitors to their site with a
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§ Non-food business: We now have a 6% market share. Our goal is to be
Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.
Telephone – A telephone maintains a few different features rather than just receiving and making calls. At work the phones that we use are often different to
The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.
As Calletta’s CEO, Jan is facing a number of problems such as: lack of support from board members/investors, increasing employee costs, and protests against Calletta’s offshore facilities due to the growing concern of working conditions. Jan key issue on hand is the lack of support from board members and investors. Board Members and investors right now are not supporting Jan or her proposal due to a poor return on investments. Board Members are concerned about the rapid increase of employee cost the company is incurring. Calletta is incurring a 12% cost increase annually compared to an industry average rate of just 4% in the
• The first thing you need to do is save a copy of this document, either onto your computer or a disk
Marketing and promotion: The aggressive marketing and promotion is strength to the company from several years. It has implemented many successful advertising and promotional strategies over the time which includes new format of UK stores “Brighter look”, “Your M&S” slogan, “Quality worth every penny” etc.
M1 - Compare the purposes of the different documents used in the selection and recruitment process
Brompton have a very strong brand therefore all they need to do is shout about them (Stening, cited in Smith, 2008). In order to do this effectively, they would need to work on their marketing plan. The company should target social media for example creating a Facebook, Instagram and Twitter as these networking websites will enable them to reach out to more customers not only in the UK but internationally. Many businesses use these networking websites in order to bring awareness to their business and products and it is also a good way of interacting with your customers on a more personal level. The more people you have liking your page and leaving comments on your page, the more customers and sales it will attract. This form of marketing is what helps to imprint a brand in the minds of customers
Macy’s has been around for 100 years, currently operating over 700 stores nationwide, and exploring the idea of expanding globally. A company that has that much experience, assets, and capitals are not likely to be bankrupted. With that being said, the current path and strategy that Macy’s is taking now is slowly killing the company. Their revenue stream has been decreasing to be multiple reasons, controllable and non-controllable. Macy’s should redesign their strategy to reach new markets because their current one is not responding to them as much. As many selections as there are in Macy’s, I think that they should try and carry more at a cheaper rate to encourage the loyal customers for that brand to go to Macy’s. I think the lead time for
A continued weakness that Best Buy continues to face is their reliance on the brick and mortar store format. While Best Buy has started to offer business through its online website, most transactions rely on their physical stores. According the Star Tribune, “Best Buy, which has 1,360 stores in the United States, has been quietly closing a few dozen a year” “Target, Best Buy and even Amazon among retailers who see new power in stores, 2017”. Best Buy is working on reformatting how they utilize their physical stores in relation to their online store, but to achieve this it requires time and uses
Online stores are growing in popularity and drawing attention. Because of this, other retail stores are losing that attention and business. Some major stores include Sears, Radio Shack, JCPenney, Macy’s, Payless ShoeSource, Dillards and more. These are called brick-and-mortar stores. According to www.merriam-webster.com the definition of a brick-and-mortar store is, “a traditional business serving customers in a building as contrasted to an online business” (Brick-and-mortar, n.d.). “It’s possible more than 8,600 brick-and-mortar stores will close their doors in 2017 (…) JCPenney announced plans to shutter 138 stores by July, Payless ShoeSource is closing hundreds of stores, and Macy's said it's shutting down 68 locations” (Wattles, 2017). What a shame to lose these resources and businesses, especially for those who support and appreciate the local retail option.
We aim to return the UK High Street Retail business to its role as Britain's most popular stationer, bookseller and newsagent Our plans encompass improved efficiency through cost savings and margin enhancement, while rebuilding the competitiveness and depth of our product ranges.' (Ms Swann BBC, July 2005)
Retail stores, are one of the biggest and largest businesses around the world. They produce thousands of hundreds in revenues and they are some of the biggest employers industries. WALL-MART, IKEA, TESCO, ARGOS, MACYS, WALLGREENS and OFICCE DEPOT are some of the well-known retail stores that supply us every day with different kind of goods and services. For a better understanding, one of the main definitions of retail is: “...store commonly a shop or stall for the retail sale of commodities, but also a place where wholesale supplies are kept, exhibited, or sold…” What this means