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
In this case study, we look at Ollie’s Bargain Outlet, a massive cheap retailer of name brand products. There were 30 stores in 2004 with the store growing to over 200 with their sights set in on 950 stores within the US. This chain of stores is an extreme version of Marshalls or TJMaxx with extreme low costs, even over 70% off retail prices. This chain is like Costco if Costco had extremely low prices that are unbeatable compared to retail stores. However, its ever-changing array of merchandise makes it considered a miscellaneous retail store.
Kroger Company has an extensive history, they were the first grocery chain to eliminate the middleman from store to customer, producing its own quality goods and services. Barney Kroger, founder of the Great Western Tea Company which is known as the Kroger’s Company today had invested $372 of his own capital in 1883. The Company was the first grocery chain to produce and bake its own bread products for sale, and include meat departments within their grocery establishments, which led the company to acquire the Nagel Meat Markets and Packing House in 1904. The stores expanded outside the Cincinnati Ohio area by 1902 and adopted the name Kroger Grocery and Baking Company. The company expanded and added an additional 40 grocery stores from Hamilton,
As members of the board and of management of Ace Superstore, we understand that all retailers may be impacted by various macro-economic factors, which may include political, economic, technological and environmental factors. Currently, the strained local and global economy has a significant impact on the way we do business and the strategic decisions to be taken, such as the opening of a new store. During tough economic times, people typically spend less, thinking twice when making purchases that are not essential. Retailers, specifically targeting the lower to middle class consumer (LSM) may therefore see a decline in sales and profits as a result of this drop in consumer confidence. This change in consumer behaviour may necessitate the need for Ace Superstore to modify its strategies in order to navigate the poor economy, including tightening our belts by lowering expenses, reducing stockholding costs, minimizing wastage (obsolete stock), reducing stock losses and providing promotions to attract new or to retain existing customers.
In 2015, Macy’s announced its changes in restructuring its organization to adapt to the rise of online shopping (Krause, 2015) and quicken both the store and digital growth (Thau, 2015). This plan includes the merging of the merchandising and marketing departments. In addition, the online and in-line marketing are supervised by one department to evaluate sales and implement changes. Another thing is to eliminate a few retail employees from its 830 stores to counterbalance the increase in online purchases, result in losing 2,300 jobs. While the plan had some skepticism, it was still an innovative approach to the “Omni-channel” online shopping as Macy’s is the first store to do so.
Case study brief overview: Zie Retails is a retailing company established back in 2000. It main office is based in Melbourne. In recent years due to the strong economic growth and more competitions joining in this industry all the retailing company is facing more operating stresses. In 2012, Zie Retails determined to close some underperforming stores and merge them with the ones in Vic, SA and NSW. The company also decided to reduce the operating hours and cut the number of working staffs at its Melbourne centre.
Accordingly, Kohl’s must focus on cloud management elements such as visibility, insights, recommendations and automated actions, to reduce waste and increase revenues, while “leveraging AI and ML to control and optimize their cloud environment” (Zulhusni, 2022, para. 12). Differentiation strategy to support the cost-focused strategy Kohl’s can hardly compete with Walmart and Amazon in terms of prices, or product variety and it appears to be caught by “death in the middle” as it still has not returned to pre-pandemic sales performance, whilst its rivals/competitors are enjoying big gains from the increased trend towards strong consumer spending (Meyersohn, 2022).
Student Answer: In this narrative case study involved an organizational change that was predicated upon the necessity for a large insurance company to consolidate their, regional claims offices into one location following the economic downturns that occurred in the economy. Christine who is a claim manager for the national insurance company for Westchester Zone is now over implementing a major reorganization, four offices under that would be consolidated to one location by the end of the year (Rosenberg, 2003). By Christine moving the offices to one location it would help the company cut cost for some regional areas and ones which would include Westchester Zone organization. Critical issues that Christine and the organization would face is
Current Business Assessment Sears is a nationwide full-line specialty retailer. headquartered in Hoffman Estates, Illinois. The company was founded in 1886, is a department store offering items such as appliances, auto, baby, clothing, electronics, fitness equipment, home, outdoor, parts, home improvement, shoes, tools, health & beauty, jewelry, toy & games, books & magazine, tires, automotive accessory and pet supplies. Sears also provide following services: automotive repair and maintenance, product repair, product installation and home improvement services. Some of the Sears distinguished brands are Craftsman, Diehard, Kenmore and Land’s End.
The company can be more dynamic into its sales strategies and customer retention alternatives, giving the customer more ownership and leasing options to take away the burden of ownership that some customer
Group 3 Group Project Sears and Kmart were well known companies where they were mostly the first pick for the consumer to shop and find the things they need. They are known as retail stores of the 90s and were really the cornerstone companies of successful businesses. This paper will review the retail stores Sears and Kmart and how downsizing has affected the two companies including the economy over the years. In the beginning, Sears was one of the first companies to have mail order to the customers. Kmart was originally named after the founder of the company Spering Kresge and was founded in 1962.
Over the past few years it has not been uncommon for corporations to consider filing for bankruptcy due to ongoing financial difficulties. Significant and well-known retailers such as Target, Sears and Toys R Us have all filed for bankruptcy, and a few have closed their doors permanently. Target remains a predominant retail establishment in the United States, however they were not able to continue operating in the Canadian marketplace. Various factors such as geographical location, price sensitivity of consumers and increased competition all could have contributed to the eventual departure of Target from the Canadian marketplace. My main focus in this paper will be on why corporations of all size would consider filing for bankruptcy.
• He wanted to tighten up operations. • He expected the company to be more risk taking, focusing on commercial activities, and cross-department collaboration company future. • He preferred to keep the magazine editors rather than only 20 years employees. •
This paper presents an overview of Kmart retail supply chain in New Zealand. Various IT systems and software used by Kmart are presented in this paper. The new IT systems and business applications are also proposed. In retail sector, IT is involved at every point right from supply chain management to POS terminals for transaction processing. Efficient use of technology and IT systems can bring innovation.
Wal-Mart’s architectural philosophy can be classified by the twin sentiments of “build rather than buy” (the organization has historically held the belief that their information systems provide a competitive advantage over other industry players) and one of innovation. Recently, as consumer preferences have shifted away from “big-box” brick and mortar stores to the convenience of online “e-tail”, competitors such as Amazon and Target have begun to erode Wal-Mart’s retail dominance. In order to react, Wal-Mart has been allocating resources to invest in digital capabilities that will allow the organization to effectively compete and become better aligned with consumer shopping preferences. Historically, Wal-Mart’s information technology strategy
