SITUATION ANALYSIS SUMMARY – IDENTIFIED ISSUES
The identified issue for ALDI, as derived from the situational analysis, can be categorized into four main areas;
The categorical issues are summarized from the SWOT analysis as internal weaknesses and external threats to the brand. The marketing mix will leverage ALDI’s strengths and opportunities to alleviate the pressures these issues present and support the steady rise in market share.
MARKETING OBJECTIVES
ALDI’s marketing objectives are specific to the target segments, measurable, attainable and realistic given the 12 month time frame.
Maintain increasing market share
Increase market share by 3% - measured by overall gross sales.
ALDI’s market share continues to increase YoY.
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The ALDI positioning for the target markets aligns the company strengths on customer proposition, quality guarantee, simplicity and social and environmental policies with the consumer psychographics of health, environment, value and time. This positioning is justified through Govers and Schoormans (2005) assertion that consumer preference for products and brands is identified through symbolic product-user images that reflect their own self-concept. Furthermore, brand loyalty is said to have a psychological and social orientation, whereby brand attitude and strength is rooted in cognitive processes that assert relationships with perceived quality, satisfaction, brand trust and loyalty (Dick and Basu, 1994; Elliot and Wattanasuwan, 1998; as cited in Delgado-Ballester and Munuera-AlemaÂn, 2001). Additionally, by focusing marketing strategies on moderating the consumer risk dimensions of the psychological, financial, performance, physical and social the company can inherently influence the target consumers cognitive and behavioral responses regarding the business model, the product lines, the business alliances and customer service (Dholakia,
The reputation and recognition make Aldi attractive in the marketing activities and this aspect needs to be improved in the future to compete with both existing and forthcoming rivals. Meanwhile, the high buying power and costs control would help Aldi to diversify its products and increase market penetration to serve diverse Australian population. This leads to the reconsideration of Aldi’s current strategy of limiting product range to adopt other strategies as a number of differentiation strategies has been used by other
Customer perception of a brand is based on how the company positions its brand in the marketing to generate that impression in their minds. This positioning is based on the company’s market position and its competitors’ positions.
However, with respects to Aldi there are two main influences to the company's’ marketing, consumer laws and economics (Dhal, 2015).
Based on the case provide to us that was put together by Ingrid Bonn, School of Business, Bond University. A report was prepared that will enable the company to analyze its current position in the market and help ensure that they start to further grow and capture the entire Australian market.
This report is going to present the current culture of Aldi, critically examining its current culture and possible proposal for a change in culture. It identifies the current organisational culture, its strengths and weaknesses and make recommendations necessary for an organisational culture change.
Publix serves over one million, mostly time-impoverished customers that are becoming more knowledgeable and demanding every day. These customers, who typically live in the nearby area for a generation, spend $5,000 on groceries per year, and many say they don't mind paying a little more to shop in Publix's customer oriented, clean stores staffed with well-trained and friendly employees. In addition, they are cost-conscious bargain shoppers who are turning towards store brands more and more. Finally, their customers are becoming increasingly more health conscious. About 70% of women and 54% of men consider nutrition an important factor in their food purchases (Mujtaba & Johnson).
A strength in a SWOT analysis is something beneficial to the company while being an internal factor that they control. Two strengths of Bed Bath & Beyond are their registry service and personalized products. Bed Bath & Beyond offers their customers wedding, commitment ceremonies, baby, housewarming, anniversary, college, and birthday registry services. A registry is a listing of items, or a “wish-list”, of specific products that other people can purchase for you. An advantage of a registry is that it can be done electronically and is efficient for both the buyer and receiver. It is efficient because it is one central location people can go to purchase specific desired items. Bed Bath & Beyond’s most popular registry service is its wedding registry. It is regarded as the best registry by Kristi Kellog, in her article, “Where to Register: The 50 Best Wedding Registry Sites & Stores”. Kellog states, “When it comes to one-stop shopping convenience, few retailers can beat Bed Bath & Beyond. It’s the perfect place to scan all of your essentials, like housewares, linens, and appliances. And since they offer tons of different brands, you can select must-haves at a range of different price points. Plus, with free announcement cards to tell friends and family where you’ve registered, expert consultant to help you decide which items to pick, and a competition program that lets you purchase your remaining gifts at a discounted price after the big day, the retailer is a
Aldi Business report Date due - 27/11/15 Teacher - Mrs Waud Executive summary Business's are fundamental to the Australian economy, they serve a sole purpose of satisfying the needs and wants of consumers through the production of goods and services. A distinct business which not only operates in Australia but globally is Aldi, Aldi is a well established German company which not only prides it's self but is famous for delivering high quality products for low prices. • This business report will further outline the role of Aldi including the product and services in which Aldi bestows. • A swot analysis regarding the strengths, weaknesses, opportunities and threats which are in regard to the Aldi outlet.
Costco currently has 503 U.S. stores, 91Canadian stores, 28 U.K stores, 12 Taiwan stores, 12 Korean stores, 25 Japanese stores, 8 Australian stores, 2 Spain stores, and 26 Mexican stores.
Whole Foods Market focuses on expansion, primarily through new store openings in existing trade areas as well as new areas, including international locations. During FY2012 and FY2011, the company opened 25 and 18 new stores, respectively. During the 16 weeks ended January 20, 2013, the company opened 10 new stores. Besides, the company is also expanding in the UK.The company opened a 22,000 square feet store in Giffnock, Glasgow in November 2011, and plans to open a 20,000 square feet store in Richmond, London in 2013. Further, the company estimates to open 32–34 stores in FY2013 and 33–38 stores in FY2014. The company 's strategy to grow through identical store sales growth, acquisitions and new store openings has enabled it to grow at a compounded annual growth rate (CAGR) of 26% during 1991–12. Since the natural foods retailing industry is highly fragmented and comprises many small local and regional chains, growth through store expansion provides the company access to desirable markets, apart from enabling it to expand its reach to a wide customer base and diversify its revenue streams. Strong focus on right sizing of stores Whole Foods Market is focused on the right sized store for each location. During 2008–09 recession, the company downsized 20 leases by an average of 13,000 square feet each. The company reduced approximately 1.4 million
ROCE of Sainsbury’s increased to 11.07% in 2013, is intensified by the increase in the net pension deficit, makes reduction of the capital employed. The consolidation of Sainsbury's Bank affected ROCE by increasing closing capital employed by £243 million of the year. Adjusting for this, it was increased by 19 basis points to 11.26% in 2014. It was intensified due to capital employed decreased because of the movement in the net pension deficit. Also, Sainsbury's had an improved underlying operating margin and the property pipeline review that made an impairment of £92 million which helped to reduce closing capital employed (London Stock Exchange plc, 2014).
Walmart and Amazon have become global, household names in the US and for good reason: both of these companies have revolutionized the way in which we shop. Amazon offers a convenient experience, and an ever-expanding selection of products whereas Walmart has a wide network of store locations and famously low prices. As investments, these companies highlight the dichotomous nature of the retail industry – brick-and-mortar vs e-commerce; high growth vs steady growth; US vs International; actual vs market expectations. This report provides an in depth comparative analysis between Walmart and Amazon. We will first summarize the industry and these companies, followed by an analysis of market position and financials, and finally an
Aldi does not have a published vision or mission statement. However there is a clear set of values and business philosophy which they adhere to. This philosophy is outlined by the statement which it continuously uses, ‘Top quality at incredibly low prices – guaranteed’. In its small levels of advertising Aldi elaborates on this philosophy by stating its five main principles; huge savings, excellent quality, outstanding value, superb specials and buy with confidence. These five principles were quoted as the ‘Aldi Pledge’. This outlines there key values namely to offer their customers high quality products at low prices. This is achieved by their low cost operations, which is well known and evident throughout
The report is a brief overview of ALDI’s performance based on their current strategy. The report will analyze ALDI’s strategy to perform effectively within the highly current competitive market. The report will identify the mission and fundamental objective of the company. Furthermore, the report draws attention to the analysis of strategies of ALDI and evaluates the performance of their current strategy
This dissertation is submitted in partial fulfillment of the requirements for the Degree in Marketing Practice