SWOT Analysis
Strengths Weaknesses
• Products are of a good pricing
• Availability
• Few expenses
• Situated in a good area
• Wide variety of products
• Large amount of staff needed
• Prices rising
• Not enough staff
• Goods not delivered on time
• No good communication between workers
Opportunities Threats
• Increased demand
• Labour is available
• Products are unique
• More tourists are attracted to it as it is a South African shop
• Lots of people get to see the shop
• Price-cutting by other suppliers
• More competition
• Increase of demands
• Consumers complaining
• Not enough products to suffice the needs of consumers
Literature research essay
Marketing and budgeting
Marketing and budgeting are important factors to consider with
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E.g. Bridges
• An upgrade in facilities for tourists
• The status of South Africa will be raised globally as the entire world will be watching the event
• Foreign business of South Africa will increase
• The interest of businesses from all over the world who wish to invest in the country increases
• Expenditure as well as investments will result in a large profit
• The development that takes place in Sandton will result in progress regarding technology
• Better productivity in the economy is gained for South Africa
• The construction of accommodation and facilities provides more workplaces
• The tourism sector benefits as it promotes a large increase in retail trade
• A lot of sightseeing will be done by tourists which leads to economic growth
• If tourists have a good experience in Sandton they will give positive feedback and word of mouth when they return to their home countries
• Tourists buy South African products
The negative impacts of global events on the economy
(firms) have overall – some have invested in foreign countries through FDI - felt that
The CVS president highlights the financial growth of the company’s operation last year despite of the change. The change in name and the elimination of tobacco products in the store. He pointed out that the company’s revenue of $139 billion last year exceeded the 2014 target with adjusted earnings per share from continuing operations of $4.49. This shows an increased of about 10% in revenue and 13.5% in earning per share from the preceding year. Its cash flows generate $6.5 billion and had returned $5 billion to shareholders in dividend and stock repurchase. The company’s stock performance outpaced the 25.3% return of the S&P Healthcare Index. In his message he mentioned on the success and the service enhancement of its 4 major business units.
The Home Depot is in the home improvement business and their goal is to provide the highest level of service, the broadest selection of products and most competitive prices. They are a value driven company that abide by their 8 core values which will be discussed later in the essay.
JC Penney is an American department store chain with 1,095 locations throughout the United States. In the latter half of the 20th century, shopping malls became very popular and most of the company’s stores were situated in the downtown areas, they followed the trend of developing more stores in the shopping malls to attract customers and increase the financial profitability of the company. Conversely, JC Penney had freestanding stores, and was able to get consumer traffic which helped the company earn a profit and increase its market share.
One of the many resources available to Home Depot is the use of environmentally friendly supplies. Recently, Home Depot began shifting to greener products and practices, such as no longer using wood from the Amazon forest, and removing harmful chemicals like formaldehyde from their paint products. They have also began to use water recycling pumps for their irrigation centers and are in the process of creating solar powered roofs for their stores which can drastically reduce their carbon footprint. Home Depot is also recycling and reusing as much as they can, from lightbulbs to power tools. The VRINE model below measures the impact of this resource. Although it is valuable and exploitable, it is not rare or non-substitutable. This makes it a valuable resource for the short term but not a sustainable resource for competitive advantage.
Twin City was incorporated in 1921. It was formed by combining the towns of Summit and
Jcpenny was opened and established by James Cash Penney; he began his career in retail management, when he opened The Golden Rule store, in partnership with Guy Johnson and Thomas Callahan, on April 14, 1902 in Kemmerer, Wyoming. He participated in the creation of two more stores, and purchased full interest in all three locations, when Callahan and Johnson dissolved their partnership in 1907. In 1909, Penney moved his company headquarters to Salt Lake City, Utah to be closer to banks and railroads. By 1912, Penney had 34 stores in the Rocky Mountain States. In 1913, all stores were consolidated under the J.C. Penney banner. The so-called "mother store", in Kemmerer, opened as the chain's second location in 1904. It still
Arthur Blank and Bernie Marcus develop the concept for The Home Depot in 1978. The “With help from investment banker Ken Langone and merchandising guru Pat Farrah, Marcus and Blank opened the first two Home Depot stores in Atlanta the following year. The 60,000-square-foot warehouses dwarfed the competition with more items than any other hardware store.” (The Home Depot Our History) Home Depot sells a huge assortment of building substances, domestic development merchandise and lawn and garden merchandise and offers a number of services. “Today, Home Depot is the world’s largest domestic improvement retailer with almost 400,000 orange-blooded associates and it operates via approximately 2,278 stores, such as 1,977 inside the U.S.A.,
Darden Restaurant is a company that owns eight well-known food chain businesses in America. These eight brands are Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahamas Breeze, and Eddie V’s. The Darden Restaurant’s mission is to “consistently delivering outstanding food, drinks and service in an inviting atmosphere, making every guest loyal.” Based on the most recent quarterly data (unaudited), Darden Restaurant reported sales of 1.7 billion in 2017 excluding expenses, depreciation, taxes, and other accumulated payout. It is a multi-million business that has over 175,000 employees throughout the 1,700 locations. Darden Restaurant is currently looking for partners to expand its market internationally.
JC Penney stores sell conventional merchandise including clothing as well as shoes and also an array of leased departs like Sephora, salons, optical centers and portrait studios. In 2006, JC Penney has begun the partnership with Sephora to lure in young female consumers and aims to have a total of 140 Sephora stores in JC Penney by 2017 (Kezar, 2017). Sephora has since then been one of the most profitable sector in JC Penney. In 2016, home appliances is also brought back to select stores for the first time in 30 years (Bailey, 2017). This includes the introduction of new appliance showrooms for the home department expansion. In addition to adding Sephora and home department to JC Penney, women’s apparel product has also revitalized by adding more products selection and improve shopping experience. During the first quarter of 2017, Nike products is added to all stores and adding Adidas products to more than 400 locations. JC Penney also expands footwear and Boutique+ brand which is a plus-sized women’s wear to cater more audience(Kezar, 2017).
Waitrose retail report There are many altered of retail across the sector with diverse way of retailing and customer from severing different types of people class .I have chosen Waitrose because I work for them as a section manger and feel that I have the experience in the company various customer and marketing techniques which Waitrose uses .Waitrose is traditionally know for it trust and quality of its products from its essentials Waitrose to its up market brands (duchy ).Also Waitrose have a comprehensive customer service which bring a unique experience for their customers and brands Waitrose with other retail don’t necessary have .Evening know Waitrose is most known for its upmarket prise and approach Waitrose have various of customer
topfitprojects.com.au - The Five Most Important Tips in Choosing the Best Shopfitter for Your Retail Fitout
I know we were previously looking at A1 Assets for hard drive disposal but it looks like Office Depot now offers Technology Recycling Services that may save us a bit of money when compared to A1. Office Depot pricing is based upon how much you can fit in their unsealed box:
• Marks and Spencer has a strong brand name and good reputation (Business teacher, 2014).
Lucacio’s men store is a modern men's suit store that will open in September 2016. The Lucacio’s men store offer the opportunity for our customers to adjust and