ipl-logo

Canadian Tire: Competitors Of The Retail Industry

3438 Words14 Pages

1. Rivalry among existing competitors The retail industry is extremely competitive. Here in Canada we enjoy large well established retailers such as Hudson Bay, Costco, and Canadian Tire. According to Statistics Canada “Chain stores, defined as operating four or more locations within the same industry group and under the same legal ownership, have been incrementally increasing market share for more than 10 years” . Retail chain stores make up approximately half of the total retail revenue in Canada. Canadian Tire offers an Options MasterCard with no annual fee to their customers. The MasterCard allows cardholders to collect 10x e-Canadian Tire money in their Canadian Tire store, Sport Chek, Mark’s, PartSource and Canadian Tire Home Services, they can collect 2x e-Canadian Tire money anywhere else they shop and they can also collect at Canadian Tire Gas Stations. This makes it easier for customers to gather Canadian Tire money without piling up a bunch of money bills at home and an easy way to accumulate points while shopping. Costco is a wholesale company whose mission is to offer lower prices than their existing competitors like BJ’s and Sam’s Club without the need for salespeople and lavish locations. “The warehouses are designed to help small-to-medium-sized businesses …show more content…

Their costs will be much higher and they would require more capital in comparison to Dollarma to exist in the market. TJX has a very low threat of new entrants because in order to establish themselves at such a large scale requires huge capital investments for bulk purchases, and to ensure there is good relations with the supplier to purchase products at such low prices. A strong network, reach of customer, and strong information technology systems is required to create a supply chain. This is difficult to achieve for a new entrant. 5. Threat of Substitute

Show More
Related

Dollarama Swot Analysis Essay

2754 Words | 12 Pages

Threats -Plastic ban: Potential plastic ban significantly hinders its operations as it is a valued retailer which offers products at a significant bargain to price-sensitive consumers, with most of its inventory made from plastic. -Fluctuations in Forex: It is exposed to forex rates as it imports major product offerings from China. Volatile forex rates can impact a company’s financial health. -Labor Shortage: Canada is facing a widespread labour shortage which can lead to increased workloads among employees ultimately affecting store operations such as difficulty in restocking shelves and longer checkout times. Core Strategic issue: The company’s core strategic issue could be “Enhancing Digital Presence.”

Read More

Canadian Tire Executive Summary

390 Words | 2 Pages

As stated on the ‘Who We Are’ page of their website, “Automotive, Living, Playing, Fixing and Seasonal are the backbone of each Canadian Tire store.” Canadian Tire stores provide an almost one stop shopping experience for Canadian consumers, with stores selling hardware, sporting equipment, household and leisure items, automotive services

Read More

In Praise Of Chain Stores Analysis

179 Words | 1 Pages

In her essay, “In Praise of Chain Stores”, Virginia Postrel hails the progressiveness of chain stores and counters arguments made against them. As a frequent shopper in my city, I have experienced the benefits of chain stores and how they affect the locals that shop in them. I believe that chain stores have not turned Augusta into a boring city because they are familiar even to those new to the area, they have a high standard of quality and service, and provide fair fixed prices. First, Postrel quotes Thomas Friedman in her essay, stating that “…America is mind numbingly monotonous- the most boring country to tour; because ‘everywhere looks like everwhere else…’ the familiarity of a Walmart to someone new to Augusta may be a relief,

Read More

Why Is Trader Joe's A Good Retailer For International Expansion

3328 Words | 14 Pages

Trader Joe’s is a small, American grocery store chain that would benefit from expanding internationally into the Canadian market. As we have seen in recent months, Target Corp. just pulled all of their locations out of Canada, but this is largely due to the fact that their international strategy did not fit well with the Canadian market. This paper will outline why Trader Joe’s is a good retailer for international expansion, why Canada mixes well with their business strategy as a country to expand to, the strategic plan Trader Joes should engage in during expansion, and five strategic recommendations that lead to Trader Joe’s advantages in

Read More

Miramar Research Paper

540 Words | 3 Pages

Businesses in the city require inventory storage or office storage. Irrespective of the nature of business that caters to end customers, additional stock is a need for them. Miramar self storage warehouses come handy during these times of need. Here again, they have units that serve every demand. Business is an every day affair that is required to run a life.

Read More

Costco Executive Summary

529 Words | 3 Pages

Costco is currently in a period of expansion. The company is opening many new stores throughout the world, as well as expanding their online marketplace. Due to this increase in expansion, Costco has also seen an increase in debt as a direct correlation to this expansion. This has caused certain key ratios, such as the debt to equity ratio to increase over the past few years. This could make it appear as if the company is under poor management, or has not been making enough money, and covering its expenses less and less, but this is not the case with Costco.

Read More

Costco's Exponential Growth

189 Words | 1 Pages

Over the last few years, Costco has seen an exponential increase in the number of new memberships. While the Costco gained 2.3 million memberships in the financial year of 2009. Greater than 4 million customers signed up in the financial year of 2011. The Costco’s membership base saw a rise of 3 million in the financial year of 2012 and another 4.2 million in 2013. The strong exponential growth in the memberships continued in 2014 as well.

Read More

Costco Opened Its First Doors Produced By Price Club

1310 Words | 6 Pages

Company Background This Marketing plan focuses on Kirkland Signature Organic Blueberries. Produced by Costco, #16. Costco opened its first doors in 1976 under the name Price Club. Its first location was in a converted airplane hangar in San Diego.

Read More

Costco Inc Membership Warehouse

721 Words | 3 Pages

Question 1 Costco is a membership warehouse and committed to bringing members low prices, and quality name brand merchandise. The first Costco was established in July 1976 by a man named Sol Price and his son Robert Price. Costco was a price club before it extended into a warehouse. Nevertheless, the Costco Inc became the number warehouse retailer in the United States building relationships with customer and showing true dedication. Costco does not spend a great deal of money in marketing it is usually through word of mouth.

Read More

Standardized Education In Charles Baxter's 'Gryphon'

1005 Words | 5 Pages

… ‘So,’ she concluded, ‘what’s the problem?’” (Baxter 134). This idea of “substitute

Read More

Costco Code Of Ethics Paper

1046 Words | 5 Pages

Costco Wholesale is a multi-billion dollar global retailer with warehouse club operations in over 700 locations in eleven different countries. Costco is a membership warehouse club, individual customers or businesses who would like to shop their, must first buy a membership that ranges from $60 - $120. There are four different types of membership options: Gold Star, Gold Star Executive, Business, and Business Executive. The Gold Star, and Gold Star Executive memberships are for individual households, and the Business, and Business Executive memberships are for businesses. Costco provides a wide selection of quality-brand merchandise, plus specialty departments and exclusive member services.

Read More

Target Risk Management Case Study

908 Words | 4 Pages

A new competitor is a risk occurrence that is completely out of the control of the business. Consumers have different tastes. A new competitor may be able to tap into some of Target’s core customer based with some differentiation. Target will need to have be to tap into and respond to those customer needs by altering its products and services to match those of its competitor. If Target has effective risk management system to track external risk like changes in customer needs or wants, the retailer will be ready if another competitor tries to enter the marker to meet those needs.

Read More

Cooper Tire And Rubber Company Case Study

927 Words | 4 Pages

Introduction Cooper Tire and Rubber Company was found in the 1914. This company specialized in manufacturing raw materials and also tires for all types of vehicles. Cooper Tire change from producing low cost types of tires to producing a wide variety of high performance tires that is customize to the needs of the growing population of cars. This company has a strong competitive force in the global automotive tire industry.

Read More

Why Has Loblaw's Strategy Been Successful?

790 Words | 4 Pages

Although the Loblaw has majority market share holds, the company faces intense competition from many types of grocers such as Sobeys Inc., Metro Inc., Walmart; and many types of non-traditional competitors, such as drug stores, warehouse clubs and specialty stores (organics & ethnics). High rivalry intensity makes an industry more competitive and potentially decrease profit margins. Entry Barriers: As there are fierce rivalry between competitors, the barriers to entry in the Canadian grocery market is high. The large food retailers account for the majority of the market revenue in Canada. Thus, smaller interdependent retailers can’t really compete with such-alike Loblaw or Sobeys or Walmart.

Read More

Value Chain Analysis: Walmart, Amazon, And Ebay

849 Words | 4 Pages

Thus if we analyse the value chain is almost the same for Walmart, Amazon and eBay. Condiering the comeptetive forces anlaysis ofr all three : • Rivalry in the industry: This is fairly weaker; however Wal-Mart enjoys the topmost slot because of lowest cost, prices and more profits and market share as compared to Amazon and eBay. Because of no entry barriers the market is full of competitors. • Threat of

Read More

More about Canadian Tire: Competitors Of The Retail Industry

Related Topics

Open Document