ipl-logo

Dollarama Swot Analysis Essay

2754 Words12 Pages
bulb-icon

Recommended: Social media and its influence on buying habits

SWOT ANALYSIS HARRY PUNYANI | 90624131 Background Founded in Canada in 1992, by Larry Rossy, a third-generation retailer, Dollarama is a multi-chain retail company, which offers multiple collections of general commodities, consumable products and seasonal stuff, and offers multiple items at a low fixed price. Dollarama has various affiliates, which include Dollarama L.P., Dollarama International Inc. (Dollarama International), and Central American Retail Sourcing (CARS). In addition, It also has operations in Latin America through a multi-point chain called Dollar City, a value retailer that offers an assortment of general merchandise, consumable products and seasonal items in stores located in El Salvador, Guatemala, Peru, and Colombia. Dollarama …show more content…

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.” Rapid advancements in e-commerce necessitate Dollarama to bolster its online presence and develop a model to cater to the changing customer needs and make use of the inherent convenience to expand its customer base. Further, with the use of social media and making use of data analytics, it can customize and tailor its offerings to the wider consumer base.

Show More
Related
661 Words | 3 Pages

Target corporation has many different location-related decisions to process in more than one aspect. The company must decide on the location of its retail stores, manufactures, and support help. Often the decision to outsource or participate in offshoring can be tempting to a company. Well the impact of outsourcing and offshoring must be examined to ensure that the decision is in the best interest of the company.

Read More
117 Words | 1 Pages

The Hudson Bay Company’s competitive position remains on the higher side of the global, department store retailer. It is Canada’s number one department store retailer, with an average HUDSON’S BAY COMPANY 9 annual revenue of CAD $6,451.059 million dollars. Based on a Canadian standpoint, The the Hudson’s Bay Company controls much of the market. However, the major competitor is currently Sears Canada and they have been top competitors for over half a century. This has helped The Hudson Bay Company fight to remain in a high competitive position in the market and it certainly has worked as it is one of the oldest corporation in the

Read More
1560 Words | 7 Pages

According to Hills, Jones, & Shilling (2014), A SWOT analysis is used to create, affirm, or fine-tune a company’s business model. In this chapter, Publix’s strength, weaknesses, opportunity, and threats will be examined and explored to pinpoint which area of the company needs to be strengthened or improved. Taking into consideration will be the four managerial functions leading, controlling, planning and organizing. Following an explorations or Porters five forces and Macro-Environmental forces as they apply to Publix.

Read More
943 Words | 4 Pages

The total 2014 combined annual revenue for retail drug industry was $305 billion, according Drug Channels Institute. The biggest retailers in this industry are Walgreen Co., CVS Caremark, Corp. and Rite-Aid, Corp with Wal-Mart and Target developing more of a presence in recent years. Those 3 major retailers make up %70 of the industry revenue. The industry had grown substantially in the last 50 years and will continue to innovate and develop well into the near future. The average age of the U.S. consumer is increasing rapidly as the Baby Boomer generation grows older which leads to increased demand for health services to those who are 65 year old and above.

Read More
755 Words | 4 Pages

Management discusses the various challenges that affected the company's performance, such as the continuous COVID-19 outbreak, supply chain disruptions, and changes in consumer behavior. The discussion also covers the company's strategic goals, such as investments in e-commerce capabilities, retail expansion, and supply chain infrastructure

Read More
234 Words | 1 Pages

In today’s market, Walmart and Target are two of the top competing companies within the market system. According to Loudenback and Lee (2015) research on Walmart and Target stated, “We just released a list of the 50 most powerful companies in America, and Walmart came out on top as the most powerful company in the nation with Target a close second”. Walmart was founded 60 years after Target was founded. The two companies have found different ways and techniques to stay a top of their competitors. Within my SWOT analysis, I plan on pointing out each company’s strengths, weaknesses, opportunities, and threats.

Read More
484 Words | 2 Pages

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.

Read More
655 Words | 3 Pages

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.

Read More
423 Words | 2 Pages

Dr. J.R. Bester founder of Science Applications International Corporation (SAIC) is headquartered in McLean, Virginia and employ 40,000 people in 2013. This Aerospace and Defense industry offer products and services in the system integration, technical services and solution and scientific engineering. SAIC strengths are their loyalty they have from their clients by proving their customers with innovative merchandise that put the company ahead of others in their industry, with management marketing teams improving services through services and merchandises increasing company growth. The distributors that the support the company provides the company supplies are better than their competition (A, 2012).

Read More
469 Words | 2 Pages

Strengths Our Logo is attractive and can attract customers to have an interest in our products. Minerva bags are beautifully designed for all lifestyles, it is the best design work and they can also be used in a variety of bags in one bag. Keeps Diversifying, because it is not easy in the fashion business and one of the advantages of Minerva is that it does not wait for events to launch something new but it keeps changing things so that the store layout always looks fresh and hip. Our company use the best raw materials to make the bags of excellent quality and always has good promotions for customers.

Read More
1215 Words | 5 Pages

Wal-Mart

Read More
1050 Words | 5 Pages

Questions: Wall Street Definitions 1a) Bull market – This is a market where share prices are rising and so buying is encouraged b) Bear market – This is a market where share prices are falling and so selling is encouraged c) Take-over – This is where a company makes an offer to another companies shareholders to buy their shares in order to take control of the company d) Merger – This is when one business combines/merges with another business e) Asset stripping – This is when a company/someone buys a company that is in financial difficulties and sells all of its assets separately at a profit without regarding the companies future f) Greenmail – Buying a large amount of shares in a company and then threatening to take it over so that the company

Read More
826 Words | 4 Pages

Well-known adopters of this business model are Wal-Mart and Target. [SHORTENED TITLE UP TO 50 CHARACTERS]

Read More
1142 Words | 5 Pages

Online shopping has nowadays become a widely spread way of shopping among people on different continents and in different countries. Its popularity is constantly on the rise considering the spread of Internet technologies and the increasing share of online shops in the retailing business. Online shopping activities are gaining wide spread as far as they tend to provide the consumers with numerous benefits and increase the convenience of buying without leaving the house. The popularity of online shopping grows due to a range of reasons, including its convenience as well as time- and money-saving potential.

Read More
996 Words | 4 Pages

Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.

Read More

More about Dollarama Swot Analysis Essay

Related Topics

Open Document