Which is good competition for Woolworths and
Coles, Australia’s second largest supermarket chain in the Retail Trade Industry operating in the country, has experienced significant growth opportunities and challenges due to external influences therefore impacting the success of the business. External influences are factors over which Coels has little control but still has a major impact on the business. Coles is constantly sourcing their customers with goods and services, to do so the business must understand the dynamic and address any contemporary issues that may significantly affect them. Navigating these external influences is essential for Coles’s businesses to thrive in the markets and to achieve sustainable growth. Furthermore, the discussion will demonstrate how external influences
Costco is a global membership-only warehouse that provides high-quality, branded goods to its club members at discounted prices. In Emma Koehn’s article “From meat to muffins, Costco strikes a chord with fresh food offer” on September 10, 2023, it discusses the growing appeal of Costco to Australian consumers. It highlights that Costco is not only attracting more members due to the increasing cost of living, which is pushing shoppers to seek more affordable alternatives, but also because it offers a diverse range of high quality products beyond food, including household items and electric appliances. This essay will therefore discuss how Costco explores the market and creates unique value for its large consumer groups in detail.
Although John Lewis sales were better than its competitors, preventing any further drop in sales is the current and future challenge for John Lewis. More importantly, finding the best solution to increase market share and sales is crucial for John Lewis to stay as one of the main market leaders for middle class shoppers. To improve sales, the economic situation of the country plays a significant role, therefore economic factors are one of the primary considerations for John Lewis in any marketing decision. After the credit crunch in 2008, the U.K. economy (Watson and Richards, 2010) is making a slow rise with fluctuations - the GDP in 2015 grew 0.5% in the third quarter, which is 0.2% less than the second quarter (Office For National Statistics,
Sainsbury’s would also like to try and uphold the award of being the number one retailer
In conclusion, it can be said that firms operating under monopolistic competition have distinct features which separates it from other market structures such as perfect competition and oligopoly, some of which are many sellers offering differentiated products to consumers, whereby, the firms have power, to a certain extent, to influence their prices and there are low barriers to entry and exit. A good example of a monopolistically competitive market is the retail clothing market in Australia which is illustrated and discussed in detail above. The behavior of the clothing stores, in terms of their extensive advertising, customer service and other forms of differentiation will assist the stores to survive in a highly competitive market.
Morrison’s supermarket chain rose to the 5th position among the UK supermarkets with over 450 stores all over UK by creating unique identity. This supermarket chain always make sure to provide the customers the right value of the money they spent on each item with well known brands and own label products. This policy of in house workings helps Morrison to gain uniqueness over major competitors. The analysis of financial and non financial performances of Morrisons and also M&S is based on the annual reports of the companies. Performance of Mark Spencer’s was noticeably good when compared to Morrison’s where there is a decrease in annual turnover during 2014/2015 when compared with 2014/2013 .
Myer and David Jones are the higher end retailers in Australia. They are the strong competitors in multi-chain retail in Australia. They target people who look for exclusive quality brands. Out of total shoppers mere 10% of people i.e. 1.6 million people purchase at Myer in an average four week.
As previously mentioned, Woolworths main competitors Coles and Aldi are continuing to make large strides in the industry, competition which has had a detrimental impact on Woolworth’s performance. This increased competition is also a driving force as it has resulted in Woolworths recognising the need to respond, restructure and
This article considers the comparative characteristics of two German groceries stores – Aldi and Lidl. Aldi is one of the biggest grocery stores in the world. They offer a wide range of products and their retail strategy represents a specific business model. Aldi’s philosophy has such main points.
Outline the similarities and differences between the Single Index Model (SIM) and the Capital Asset Pricing Model (CAPM). Justify which of the two models makes a better assessment of return of a security (25 marks). To reduce a firm’s specific risk or residual risk a portfolio should have negative covariance or rather it should have no variance at all, for large portfolios however calculating variance requires greater and sophisticated computing power. As such, Index models greatly decrease the computations needed to calculate the optimum portfolio. The use of such Index models also eliminates illogical or rather absurd results.
The Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.
Outline the similarities and differences between the Single Index Model (SIM) and the Capital Asset Pricing Model (CAPM). Justify which of the two models makes a better assessment of return of a security (25 marks). To reduce a firm’s specific risk or residual risk a portfolio should have negative covariance or rather it should have no variance at all, for large portfolios however calculating variance requires greater and sophisticated computing power. As such, Index models greatly decrease the computations needed to calculate the optimum portfolio. The use of such Index models also eliminates illogical or rather absurd results.
A critical review of the retailer was carried out based on the external factor analysis using PESTLE (Political, Economic, Sociological, Technology, Legal and Environmental) and using Porter’s Five Forces Model of Competition to understand the correlation between suppliers, buyers, competitors within an industry, potential competitors, and alternative solutions to the problem being addressed. Background of the Company Giant was founded by the Teng family as a simple grocery store in one of the suburbs of Kuala Lumpur in 1944. Acquired by Diary Farm in 1999, Giant’s mission was to offer a wide variety of products at the lowest possible prices and closer to residential areas. Key to Giant’s growth is the ability to continuously offer value for money products and the core principles are retained even while pursuing the international brand status.
