M8: Assignment 3 Deniro Dawson Justin Palyvoda Caitlin Gayle Po Melanie Shane INFO 290_21 Professor Chen Macy’s vs. JCPenney Word Count: 1205 Introduction Macy's, Inc. is a retail company operating stores, websites and mobile applications under various brands, such as Macy's. The Company sells a range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods.
This is especially because it is facing increased competition from Kohl’s Corp. and Macy Inc who have excellent marketing strategy. For example, Kohl’s give good deals and coupons as a way of attracting customers. On the other hand Macy markets its store around its celebrity
This industry is very competitive with as many as thirty-seven firms and total estimated annual revenues of $125,904,840,000 (http://bi.galegroup.com/essentials/industry/448140?u=bentley_main). Retail giants like TJX, H&M and Gap are the top players of this industry with Nordstrom vying for the fourth largest market share and Dillard’s further down on the list. The success of Nordstrom Inc with respect to
Comparing J.C. Penney and Kohl's J.C. Penney is an American retail chain store that has been in operation for more than a century. The company's history dates back to 1902, when its founder, the late James Cash Penney, opened a single dry goods store in the city of Kemmerer, Wyoming. J.C. Penney came up with the idea of providing affordable apparel for middle-class people as well as the working class, which shot his humble business to a precedent setting in the shopping industry. J.C. Penney’s rapid economic growth contrasted with the destruction created by the Great Depression, which led to the destruction of many firms. Nonetheless, Penney calculated the timing of the launch of new store openings during the recession in order to
Carrefour S.A. Crystal Rock Holdings, Inc. Delhaize Group SA Cencosud S.A. EBay Inc. J. C. Penney Company, Inc. Koninklijke Ahold N.V. Metro AG Price Chopper Operating Co., Inc. Roundy's, Inc. Sears Holdings Corporation Shopko Stores Operating Co., LLC The Kroger Co. There always will be a rivalry in this particular market; because they are always competing for consumers, governments, and businesses to purchase their merchandises.
Harry, I agree that Macy’s and JCPenney immediately lures consumers to shop on their websites due to online coupons promoting additional percentages off of their merchandise. Macy’s send their customers coupons in the mail monthly and when there is a One Day Sale promotion. These coupons give extra money off the total purchases and can be presented in the store or online. Giving customers more choices to do business with a company increases the chances that the customer will purchase from the firm again. The customer’s experience is very important when it comes to maintaining repeat clients.
Competition According to Hoovers, Target main competitors are Macy’s, Kohl’s, and Sears (Hoovers, n.d.). The reason why these retailers are competitors is, because they are large department chains, and they sell similar merchandise as JCPenney. For instance, these retailers offers a wide range of products which includes, apparel, footwear, jewelry, housewares, handbags, cosmetics, electronics, and many other products. The department stores Kohl’s, Macys, and Sears all sells different type of brands that sets them apart from competitors, as well. Kohl’s added Under Armor to its store, as a way to attract younger shoppers who shop there.
Nordstrom Rack is taking advantage of all their channels (store, online, mobile, and catalog) to integrate their customers'
Many of the same clothes offered by Nordstrom can be purchased elsewhere for less money. However, Nordstrom knows that you can’t get the same level of customer service anywhere else, and people are willing to pay more
The road to becoming a legitimate competitor has been tough, specifically because of the competitive nature that exists between firms in the same market. The market structure, determinants of supply and demand, and future outlook of the company can help us see the state and performance of Under Armour. Under Armour’s is an example of a monopolistic competition, meaning they have aspects of a perfect competition market structure, but their products are not the same as its competitors. As mentioned above, Under Armour’s main competition is both Nike and Adidas. Recently, Adidas has
Department stores in Japan sell a variety of goods such as clothing, food, desserts, kimonos, makeup, toys, cooking ware, household supplies, handbags, and electronics. Department stores in America don’t sell as much as a variety of goods compared to Japanese department stores. Some of the items they are known for selling are tools, household appliances, clothes, and makeup. The two chain of department stores I will be comparing are Nordstrom and Mitsukoshi. Comparing a Japanese department store; Mitsukoshi, to an American department store; Nordstrom.
Mike Jeffries negative attitude about selling bigger sized clothes has effect people all over the world. But every negative has a positive side, so maybe selling smaller sizes could be a good thing or possibly a bad thing. Should Abercombie and Fitch sell smaller sizes? No, I disagree with what Mike Jeffries is doing with his clothing line at Abercrombie and Fitch. It has caused people to have a negative outlook on the company because they find bigger people “uncool”, as Mike Jeffries said, “In every school there are the cool and popular kids, and then there are the not-so-cool kids, Candidly, we go after the cool kids.
Their main competitors are Macys, Nordstrom and even range to smaller departments like Sephora, Bath and Body Works, and other drug stores. They also compete with bigger companies who offer mass products like Walmart and Target. (2009/17) Ulta Beauty is affected by their competitors in a vigorous battle to offer the cheapest prices and best products. For example, Macy's is one of Ulta's biggest competitors and they can cause dips in Ultas stocks.
Nordstorm has been known for its superior customer service for over 100 years. From selling a customer one shoe, to ensuring a customer catches his flight on time, Nordstorm continues to place a smile on their customer faces. Nordstorm sets itself apart from its competition because they have perfected the art of focusing on the right customers and giving them undivided attention. A sale of one pair of shoes turns into a repeated satisfying loyal customer for many years. Nordstorm has remain successful for many years by evolving with the times while maintaining their traditional values.
Where in the domestic market, its main competitors in terms of volume stores are the same Iniditex group, Pull & Bear and Stradivarius. Although Sfera and Mango can also be considered great rivals. Moreover, in the European market, Zara 's main competitors, GAP and H & M. Mango and Sfera and they were in the domestic market, they cease to be European. Rivalry between competitors The number of competitors is high (and are distributed locally, nationally and internationally) The textile sector has a slow growth (because it is a mature sector)
