Shop N Save has a strong Board of Directors, who directly maintains the whole atmosphere. Price is monitored every single day for customer 's better satisfaction. So people can buy top to bottom of their necessary product from here. So people can get a full satisfaction shopping from our shop "Shop N Save"
3.4 Market Share of Different Super Market
Since the inception of Agora’s journey in 2001, the Bangladeshi supermarket sector has taken a steady and assuring stride forward. After 12 years and with 107 stores, the domestic industry now stands at around BDT 1,500 crore. As Bangladesh shifts towards the middle income status, all the subsequent advantages, such as higher income per capita and urbanization will further expedite the
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This change in socio-economic structure has given rise to a new breed of middle-class who are willing to spend their higher disposable income in supermarkets rather than wet markets in pursuit of convenience and social status.
• Change in Taste and Fashion: Globalization through internet penetration, international trade, and myriad of international television channels have exposed consumers to new ideas. Shopping from supermarkets, long considered a Western concept, is slowly being accepted by mainstream consumers in Bangladesh.
• Consumer Awareness: Due to widespread media coverage over usage of formalin and chemical contaminated consumable products; consumers are more aware of possible health repercussions of consuming these products. Moreover, since supermarkets promise unadulterated produce, many conscious customers are slowly turning away from the traditional wet markets.
3.6 Industry analysis
3.6.1 Porter’s Five Forces Model
From the model it is conclusive that stiff competition exists among the major firms which are backed by the rich capital of their respective parent companies. Such superfluity acts as a barrier to entry for new firms. Recently, several e-commerce platforms have stepped up to offer essential commodities with zero cost home delivery facilities. In the long run, as they gain traction, strong competitors might arise from them.
The present scenario is such that a customer might visit the store at the month’s
Today’s society where people are more informed and health conscientious; the sales of organic and natural foods has shown an
Not only are we wasting time, but we are remaining silent and still, while watching the quality of life crumbling. The food and eating habits, are the direct victims; the ingredients, quality and the provenance not printed or hidden on labels is the fraud that we are paying for. Consequently, for the agenda that creates the deterioration of the products affect us at least twice: First for the overall quality and the price increase that’s justified through the packaging that is in most cases is cause of pollution and works at his best for the disguising what we should be aware of. As a secondary cause I can bring forward the possibility of needing medical attention. Adding a third one is the crime that rates as the worst deprivation of humanity’s property, found in drinking
Today an increasing desire from consumers is to have healthy and organic product offerings. While
Opposing view point online collection in the article “Food Safety” explains that food safety is an issue that very few people think about until they become sick. Opposing viewpoints online collection supports their explanation by giving statistics on the amount of people that get sick each year along with the different types of foodborne illnesses there are. The author’s purpose is to show the dangers of foodborne illnesses by estimating that “40 million people experience foodborne diseases every year. In order to eliminate foodborne illnesses they must set a certain food standard. The author establishes a formal tone for the reader. This work is significant because it informs the readers what we need to do for solve the food safety issues
Critical assessment of Superior Supermarket’s current pricing practices, recent consumer research, competitor behavior, and a SWOT analysis can give credence to a more effective pricing strategy and help assess whether a ‘Everyday Low Prices’ strategy is justifiable.
Porter’s Five Forces is defined as threats of new entrants, bargaining power of suppliers, power of buyers, the threat of substitutes and rivalry among existing competitors. New entrants into the industry aim to gain market share from rivals, so the intensity of competition may require to make changes on current strategy of marketing to maintain existing market share. The bargaining
A consumer society is a post-industrial term used to describe the fact that society is characterised more by what people consume and less by the jobs they do or goods they produce (Hetherington, 2009). As our relationship with consumerism has changed so too have the choices available of why, when, where and how we consume. The first part of this assignment will look at the characteristics of a consumer society, the choices available and identify the divisions created from unequal choices. The second part will consider the role of the Big four supermarkets (TESCO, Asda, Sainsbury and Morrison’s) in providing choice to people.
The ‘five forces’ model was created by Michael Porter of Harvard University and consists of three horizontal forces of competition, as well as two vertical forces of competition. The horizontal forces of competition are comprised of: 1) the threat of new entrants; 2) the threat of rivals who have already been established; and 3) the threat of substitute services or products. The vertical forces of competition include the bargaining power of customers, as well as the bargaining power of suppliers.
Based on my shopping experience I completely agree with Marion Nestle and the facts he presents us with in “The Supermarket: Prime Real Estate”. Walking through the aisles I noticed what he mentioned about the way supermarkets arrange their items so that they can increase their sales. I went to Publix to carry my out my research. For me, it felt like Deja Vu. Just to the right of the entrance was the store’s bakery, and I have to say It smelled delicious (I almost went and bought myself a dessert). I continued browsing through the aisles and I noticed that the best-selling/most popular brands were at eye level, and right next to it (at the right) were the store brands. Something else that caught my attention was that the entrance to the
The middle class are usually positive people they have a work hard play hard attitude. If I were to label these consumers would considered to be reformers. Reformers are independent but spontaneous people. It's all about personal growth with them they value time and are anti materialistic but intolerant to poor taste but favor natural simplicity. These reformers also have prosperous lives and travel often for either business or pleasure. They like to look and feel good by enjoying life and working hard in the
The largest online companies Amazon and Barnes & Nobles are always the greatest threat to a small company like CanGo. These two large companies can undercut the smaller vendor’s prices in some cases. However, there are ways that the small companies can double or triple digit revenue. This can be done by launching a new product or a large endorsement form a popular figure (Kissmetrics Blog, n.d.). Low barriers sell items via Facebook or eBay. Because, CanGo is an existing business in the market, they want high barriers always to gain entry to keep new entrants out to secure their existing profits. This is important for CanGo’s sustainability of attractive economic profits. It is the profits that equips the business with inherent strength, durability
The threat of new entrants is high in the fast segment. There is a threat of new entrants is because the entry barriers are very low. The business barriers to entry the market could take those forms: first one is the capital costs, the higher the investment required, the less the threat from new entrants. Secondly, regulation and legal constraints are the main concerned points. In most industries, regulations related to health and safety, products handling, and licenses to operate, export, or install new facilities. And other forms of barriers could be brand loyalty which could be an important factor in increasing the costs for customers of switching products. The new entrants need to change the valuable brand suppliers with its efficient economies of scale to have a reasonable supply chain network or corporate with the low cost producers to supply the products in the market. Also it might gain a large market share in the market as well. For instance, Sports Direct Company reported retail sales were £371m while gross profit increased 9.6 percent to £149m, it
The grocery retail industry worldwide has grown in recent years to become one of the most intensely competitive industries due to the continuous amounts of new entrants. A grocery retailer is one that sells food and other general household items. Hypermarkets, supermarkets, discounters and small grocery retailers are all under the grocery retail umbrella. Between 2003 and 2008, the grocery retailing industry accounted for 45% of store-based retail values sales over the world. The figures
The main substitute to buying your food from a grocer is going out to eat. A 2002 Gallop poll shows that Americans eating more meals outside of the home than ever before. When examining today’s changing supermarket consumer in Progressive Grocer, Buck Jones made this observation: “To get the total picture we need to look outside the supermarket arena at how customers are using other retail outlets to satisfy the needs that we could be addressing.” The success
There are 92,796 grocery stores in the UK and the market value increase by 19.5% in the last 5 years and according to IGD forecast the UK grocery market should reach £203bn by 2019. But what we can see in the figure 1 that from 2009 to 2014 annual grow in the grocery market start decreasing from 4.9% in 2009 to 2.8% in 2014. One of the reason for this is difficult economic conditions which had an effect for consumer spending. Consumers choose to spend less money on food by buying less food or by looking for cheaper places. Retail market is diversified into three main sectors: Hypermarket and superstores which accounts for 42.3% of retail market, convenience stores 21.4% and small supermarkets 20.3% (Figure 3). So about 84% of sales are done in these three sectors. The biggest 4 retail chains in UK are: Tesco which takes 28.7% market share, Asda has 17.3%, Sainsbury’s 16.6% and Morrison’s 11%. (Figure 2) So, if we will sum up 4 biggest retail market chains we will have about ¾ of market share. Finally, a strong characteristic of this sector is competition with price wars and a