Case Study: Sears Canada
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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.”
221 Words | 1 Pages
In 1968, and MacDonald & Owen Company started their company. Archie Macdonald, who already was very successful in the lumber company business decided to take a risk and start his own company Mr. Macdonald built his company upon” high-quality and unbelievable service” that is still the drive of MacDonald & Owen today. “Profits will come if you just do it right”, is a quote that is used with MacDonald & Owen’s employees and this slogan continues to dictate all business transactions with the company’s customers and vendors alike. In 2001 leadership of MacDonald & Owen was fully turned over from Archie MacDonald to its current owner, David Twite.
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At a time when shopping malls seized to exist and people didn't have access to high quality clothing product the first 1893 Sears catalog revolutionized consumerism by exploring a new way of selling goods to everyone. It provided an easier and quicker way for people to buy merchandise through the phone from the comfort of their homes. Once people bought items from the catalog, mail-order made retail easy access for everyone. Richard Sears ended up making a huge profit by selling watches which led to the journey of the start of his catalog. Richard Sears and Alvah C. Roebuck united to exchange ideas about the Sears Catalog products in order to expand their productivity in the retail industry.
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As retail commerce increasingly moves online, the Canadian retail space has proven to be challenging for such giants as Sears and Target and yet some Canadian Companies have become successful, the question is how and can the success last? Founded in 1978 and having grown to an organization with 850 employees and 17 stores across Canada and with combined annual sales of 100 million, Lee Valley Tools has grown into a successful Canadian manufacturer and retailer of Gardening and Woodworking products. In an age of increased online purchases and the predicted “death of retail” Lee Valley has consistently succeeded in a very tough industry due to a combination of excellent corporate culture, customer service, as well as an ability to successfully
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So in 1925, the company opened a brick-and-mortar store in Chicago. It was called the Sears, Roebuck and Co. Retail Store, and it was built inside the massive warehouse where Sears processed its catalog orders.” This shows that Sears was a brick-and- mortar store that only went out of business a few years ago; this is still happening today. Another example of this is in the article “The Rise of Amazon” on page 25 when Carro states “Today, many brick-and-mortar businesses are having trouble surviving in the world of online shopping. Over the past decade, many companies have struggled to stay afloat—or have gone out of business entirely.
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The topic highlighted in the article about Loblaw’s shutting down 22 of its stores and starting up a home delivery service actually has a huge impact on Canada, Canadians and America. As indicated in the article, Lowblaws is teaming up with the American home delivery grocery service, Instacart. By doing this Lowblaws will now become available all over Canada through the website of Instacart. This has huge affect on Canadian businesses because it opens up the door to competition in the retail empire. For example, as learned in class, once a company does something different and becomes successful over it, other companies start following the trend and sooner than later, every company in the same felid starts to do it.
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Unlike their US counterparts who enjoy one-stop shopping, Canadian shoppers prefer to buy from multiple stores. Target should have taken this factor into account prior to entering the US market. Target’s recovery in Canada would really benefit from price reduction since quite many customers complained of higher prices than corresponding Target stores in the US. Also, Target Canada should have a similar range of products as those in Target’s US shops. The survival of Target in Canada can also benefit from effective and intense competitive measures such as cut prices, wide range of products, and filled shelves.
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Established in 1919, Loblaws general store is one of the principle players in the Canadian market and basic need industry. Loblaws originators, Theodore Pringle Loblaw and J. Milton Cork, were pioneers in the presentation of self-serve and money and-convey basic supply retailing in Canada. Extending quickly, there are presently more than 2,000 Loblaws stores in Canada. Starting at 2015, Loblaws (corporate and establishment) represented around 20.8 percent of basic need space area in Canada, driving the positioning. Second-put went to Sobeys and Safeway, with a 19.1 percent share.
760 Words | 4 Pages
1. In the broader context (not specific to Dollar General), what is KKR’s investment strategy? What are the challenges KKR will encounter to make its investment in Dollar General successful? How could KKR add value to Dollar General?
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Industry & Marketshare Real Canadian Superstore is part of the retail industry. They are owned by Loblaws, where they are to sell consumer goods and related services through their stores to the general public. Real Canadian Superstore owns 34.1% of the market shares which makes them the largest company in retail Real Canadian Superstore owns over 74% of its corporate stores, and own 47% of their franchisee stores. These statistics gives the company a sustained competitive advantage because it makes the company flexible, and also makes it has for existing companies or new ones to compete.
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Process and tools Target Corporation uses tolls and process for product safety and quality assurance. The company assesses a program for risk –based product safety and quality at every stage in the product life cycle, from development through the life of brand product. Target global team implement a program across 36 countries and 2228 factories producing target product, during the process will require independent third-party testing to validate safety and quality before the guests purchase product. the vendor in the company are expected to employ best practices, including clearly defined and well-documented manufacturing and quality processes including staff training , and record keeping. What does the TC required to do the job?
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Coles Supermarket Australia Pty Ltd is an Australian supermarket, owned by Wesfarmers. It is commonly known as Coles and was founded on 9th April 1914 in Smith St, Collingwood, Victoria. Till now, Coles has operated over 700 stores throughout Australia and employs over 100,000 employees. It controls 35% of Australian supermarket industry. Coles was founded when George James Coles opened the Coles Variety Store on the street in Melbourne.
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I. Introduction Walmart Stores, Inc. - the American corporation which was established in 1962, is well-know for the globe’s largest multinational retailer (Walmart 2016). Walmart owns a chain of grocery stores, discount department stores and hypermarkets with about 11,500 retail stores over 28 countries. In 1998, Walmart entered Germany with the acquisition of Wertkauf and Interspar chain (Louisa 2006). Despite having the strongest economy in Europe and the third largest retail market in the world, Germany was not an ideal place for Walmart to achieve its ambition (Knorr and Andt 2003). After nearly a decade struggling to grow, Walmart decided to pull out of German market in 2006 with the loss of one billion dollars (Mark 2006).
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UNILEVER What is Unilever? It is the one of worlds biggest consumer goods company and it’s increasing his percentage in world market everyday. About 2 billion people chose Unilever and uses it’s products. It’s founded in 1930 with the unification of Margarine Unie and Lever Brothers (an English soap company).
1738 Words | 7 Pages
UNIQLO, 66-year-old Fashion and Retail industry was established in 1949 in Japan. It is a wholly owned subsidy which was bought by Fast Retailing Co Ltd since November 2005.With its head quarters in Tokyo it has managed to expand its clothing business in fourteen countries globally. An article from the Business Insider says that this Japanese chain has become the envy of retailers worldwide. It started in 1949 in Hiroshima as “Unique Clothing Warehouse”. The words were later joined to make “UNIQLO”.
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