...Starbucks Coffee Brand Audit Simon Mc Nally Simon Mc Nally Table of Contents Starbucks Brand Audit May 10th 2010 Company Analysis ..................................................................................................................................3 Market Analysis ......................................................................................................................................3 Brand Analysis ........................................................................................................................................4 Consumer Analysis .................................................................................................................................5 Competitor Analysis...............................................................................................................................6 Strategy .....................................................................................................................................................7 Key Fact .............................................................................................................................................................. 7 Target Group ..................................................................................................................................................... 7 Proposition...............
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...Contents 1. INTRODUCTION 1 2. DESCRIPTION OF THE COMPANY 1 3. SWOT ANALYSIS OF THE COMPANY IN RELATION TO INNOVATION 2 4. DESCRIPTION OF WHAT AN INNOVATION AUDIT ENTAILS 3 5. PROPOSED FRAMEWORK FOR CONDUCTING THE INNOVATION AUDIT 4 6. RESEARCH STRATEGY 5 7. OUTLINE OF KEY OUTPUTS ARISING FROM THE PROPOSED AUDIT 7 8. TIMEPLAN AND RESOURCES 7 9. CONCLUSION 7 10. BIBLIOGRAPHY 8 1. INTRODUCTION One would like to take this opportunity to thank the company “Urban Outfitters Inc.” for inviting me to conduct this innovation audit. It is with great pleasure and intrigue that one immerses oneself in the innovative aspects of your company and seek ways to improve the overall success of your establishment. The audit will be conducted over an extended period, as yet to be outlined. In order to establish a thorough audit one will conduct assessments and surveys in most of the company’s UK, Ireland, European stores and the head office headquarters in Oxford Street. Before one begins it must be outlined why one believes that this innovation audit will significantly improve the prosperity of this company: Innovation has become one of the key business progressions to deliver sustainable competitive advantage. It is a complex process, one easily identified as being of critical eminence for organisational success yet not easily controlled. The successful management of innovation delivers value to end users, meeting business and organisational objectives and visions. ...
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...Harold Ruttenberg, a native of South Africa, paid for his college education by working as a sales clerk in a men`s clothing store. Following his graduation, Harold Ruttenberg began importing Levi`s jeans from the United States and selling them from his car. Ruttenberg earned enough capital from selling the Levi`s jeans to open his own retail store. By the time Harold Ruttenberg reached the age of 30, he owned a small chain of men`s apparel stores. Due to mounting political and economic troubles in South Africa during the early to mid-1970s, Ruttenberg decided to move his family to the United States. Ruttenberg arrived in California in 1976 with less than $30,000 due to South Africa`s strict emigration laws, but he was nonetheless determined to become a successful retail business entrepreneur. Ruttenberg and his family eventually settled in Birmingham, Alabama in favor of a more affordable business environment. In 1988, Ruttenberg decided to begin a new business venture in the retail shoe business. At the time Ruttenberg began his new business venture the market for high priced athletic shoes was growing rapidly, and becoming a larger segment of the retail shoe industry. During this time, the principal retail outlets for the major athletic shoe manufacturers were in thousands of suburban malls across the United States. A problem with having a retail store in a suburban mall is the space is relatively small limiting a retailer’s ability to display an array of products. In addition...
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........................5 Conclusion/ Recommendations…………………………………….………9 Issues 1. Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddie’s financial statements that suggested the firm possess a higher-than-normal level of audit risk. 2. Identify specific audit procedures that might have led to the detection of the following accounting irregularities perpetrated by Crazy Eddie personnel: (a) the falsification of inventory count sheets, (b) the bogus debit memos for accounts payable, (c) the recording of transshipping transactions as retail sales, and (d) the inclusion of consigned merchandise in year-end inventory. 3. The retail consumer electronics industry was undergoing rapid and dramatic changes during 1980s. Discuss how changes in an audit client’s industry should affect audit planning decisions. Relate this discussion to Crazy Eddie. 4. Explain what is implied by the term lowballing in an audit context. How can this practice potentially affect the quality of independent audit services? 5. Assume that you were a member of Crazy Eddie audit team in 1986. You were assigned to test the client’s year year-end inventory cutoff procedures. You selected 30 invoices entered in the accounting records near year-end: 15 in the few days prior to the client’s fiscal year-end and 15 in the first few days of the New Year. (A.) What if the that client personnel were unable to locate...
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...1a. Pier 1 Imports started its journey as a single store in San Mateo, California in 1962 in the industry of specialty retail goods and experienced a rapid expansion within few years. The company established its corporate headquarters in Fort Worth, Texas in 1966 and despite being in business for only four years, it already had 16 store locations. In 1972, Pier 1 Imports joined the New York Stock Exchange as a public company with a symbol of PIR and it already had 123 stores by then (“Pier 1 Imports History”, www.Pier1.com). Later in 1986, Pier 1 Imports was incorporated as a Delaware corporation and as of February 28, 2015, the company had 984 stores in the United States and 81 stores in Canada along with an e-Commerce website (10-K, p.5)....
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...2,290 1,741 1,732 2,540 Financial and management ratios ROE ROCE 28% 37% 30% 39% Other relevant information Number of stores Net openings Number of markets with commercial presence Number of employees % men/women Overall energy consumtion (Tj) Number of suppliers Social investment (in millions of euros) 5,527 483 82 109,512 20.5/79.5% 3,381 1,398 14 5,044 437 77 100,138 19.5/80.5% 3,230 1,337 11 Highlights Sales 13,793 12,527 9,435 10,407 11,048 10,000 7,500 15,000 12,500 5,000 2,500 0 2007 2008 2009 2010 2011 Sales by geographical Rest of Europe 45% Spain 25% America Asia and the rest of the 12% world 18% Net profit 2,500 1,946 1,741 1,258 1,262 1,322 2,000 1,500 1,000 500 0 2007 2008 2009 2010 2011 Number of employees 0 20,000 40,000 60,000 80,000 100,000 120,000 2011 2010 2009 2008 2007 79,517 109,512 100,138 92,301 89,112 Inditex´s Annual Report addresses its economic, social and environmental performance for the purposes of achieving the maximum transparency in its relationship with all its stakeholders annual report 2011 index 06 54 Letter from the Chairman | 08 Business model | 10 A look back over 2011 Customers Milestones for the year. International presence | 22 Suppliers | 70 Employees | 84 Retail formats. Zara. Pull&Bear. Shareholders. Economic Massimo Dutti. Bershka. Stradivarius. Osyho. Zara Home. Uterqüe. | 42 Community...
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...operations in 44 countries across Europe, North America, Asia and Australia and is headquartered in Delft, Netherlands. It employs 13000 people and sells 9500 home furnishing products in 298 retail stores worldwide. IKEA recorded revenues of $36101.5 million during the financial year ended in August 2012, an increase of 9.8% over 2011. IKEA offers a range of furniture for living rooms, bedrooms, kitchens and children’s rooms. Its emphasis on providing home furnishing products at low prices has been the main reason for the widespread customer acceptance of its products which, in turn, has facilitated its growth in various geographies. The company designs, manufactures, transports, sells and assembles its merchandise to minimize cost at each level. To help keep prices low, the group ensures that production equipment and raw materials are used efficiently. Customer involvement also contributes to low prices. IKEA relies on customers to choose, collect, transport and assemble products themselves and offers home delivery services only at an additional cost. IKEA’s supply chain has a global spread with growing sales and purchasing in all major regions of the world with 298 stores globally. All IKEA retail stores have customer restaurants that offer a choice of local dishes. Most retail stores also have a food shop and the food range...
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...CANADIAN TIRE CORPORATION, LIMITED 2012 Annual Information Form February 21, 2013 ANNUAL INFORMATION FORM CANADIAN TIRE CORPORATION, LIMITED TABLE OF CONTENTS 1. 2. Corporate Structure Description of the Business 2.1 Retail Business 2.2 Financial Services Business 2.3 Seasonality of the Business 2.4 Intangible Properties 2.5 Economic Dependence 2.6 Lending 2.7 Financing of the Business 2.8 Risk Factors 2.9 Employees 2.10 Social and Environmental Policies General Development of the Business 3.1 Retail Business Developments 3.2 Financial Services Business Developments 3.3 Other Business Developments Capital Structure 4.1 Description of Capital Structure 4.2 Market for Securities Dividends Security Ratings Transfer Agents and Registrars Directors and Officers Interests of Experts 1 1 2 10 11 12 12 13 13 13 15 15 16 16 21 21 23 23 24 25 26 27 27 32 32 33 i 3. 4. 5. 6. 7. 8. 9. 10. Legal Proceedings and Regulatory Actions 11. Additional Information ANNEX A – Audit Committee Mandate and Charter Certain brands mentioned in this report are the trade-marks of Canadian Tire Corporation, Limited, Mark’s Work Wearhouse Ltd., FGL Sports Ltd. or used under license. Others are the property of their respective owners. CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION This Annual Information Form, and the documents incorporated by reference herein, contain forward-looking information that reflects management’s current expectations related to matters such as future...
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...the acquisition of Ottakar's, the Group operates from over 730 stores in 8 countries. All of the Group’s operations, both in the UK and internationally, are wholly owned. Music is the Group’s largest product category, accounting for 37% of Group sales for the year to April 2006, closely followed by DVD, which was 32% of Group sales. Books, which comprise the vast majority of Waterstone’s sales, contributed 24% of Group sales in the same period. The Group is a focused international retailer and highly selective about the countries in which it operates. Executive summary I concluded through my findings that HMV Groups markets had experienced rapid change over recent years and have become more competitive and with a diminishing amount of in store sales as consumers choose to use the internet to fulfil their needs. To counteract these changes I recommended that the HMV group change their current philosophy and rely more heavily on the services that the internet provides as consumers are branching out when it comes to services that they require. Main findings Environmental Audit There are a number of environmental factors or forces that can influence the behaviors of the market place affecting the consumers or the competition just as much as any business. For this reason it is necessary to conduct an environmental audit of the HMV Group to evaluate what these factors and forces are. An environmental audit is a study into environmental trends and events that have the...
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...able to dominate the retail fashion industry through its use of technology. Zara’s approach defies every aspect of conventional wisdom in fashion retail, yet it has managed to create a winning formula. The chapter describes the manner in which technology has permeated design, sales, manufacturing, logistics, and distribution functions at Zara allowing it to become “the most innovative and devastating retailer in the world.” 1. Introduction o Understand how Zara’s parent company Inditex leveraged a technology-enabled strategy to become the world’s largest fashion retailer. Section Outline • The blend of technology-enabled strategy that Zara has unleashed seems to break all of the rules in the fashion industry. o The firm shuns advertising and rarely runs sales. o Unlike the other players, Zara is highly vertically integrated. o Inditex Corporation, the parent company of Zara, is now the world’s largest fashion retailer. 1.1 Why Study Zara? • Zara has entered many countries and its profitability is among the highest in the industry. • Zara’s products are fashionable but are comparatively inexpensive. • It is important to understand how counterintuitive and successful Zara’s strategy is, and how technology makes all of this possible. 1.2 Gap: An Icon in Crisis • In retail, having too much unwanted products (inventory) on hand will force you to mark down or write off items, affecting profits. • For years, Gap sold most of what it carried in stores. • When sales declined...
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...Executive Summary The TJX Corporation is a large retailor with stores throughout the United States,, Puerto Rico and United Kingdom. In 2005, a security breach of credit card information occurred through a seventeen-month period. The intrusion of customer personal information has grossed the concern of the security among their IT infrastructure. The following criteria based upon their security concerns and customer relationships recovery. Their growth as a discount retailer is dependent on the course of action they must take. They will adhere to a secure network, protect their stored data, prevent future intrusion of their system, restrict access to unauthorized users and frequently test for the implementation of their security measures. TJX will focus on establishing IT governance, mitigate risk, and develop a management strategy through the following alternatives. They will focus on hardware and software upgrades to prevent future attacks of their communication lines and their network through enhanced software and data encryptions. A Payment Card industry Data Security standard has been established and must be maintained by TJX, an implementation from the IT security team will be completed on a regular basis ensuring that all files and file transfers are appropriately encrypted. Internal and external security and network audits will need to be performed on a regular basis to comply with the PCIDSS. This will allow for testing of their system access and identify concerns within...
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...ship goods to other state that the company has no physical presence in, to collect sales taxes and use taxes for every state and jurisdiction where they have customers if they have $1 million or more in annual retail transaction. When individual purchases goods outside of their domestic state, the out-of-state sellers have no obligation to serve as the tax collector but the consumers have the obligation to report the use tax, a tax that individual should pay if one does not pay the tax already to his domestic state. Yet, very few consumers follow the requirement. This legislation is designed to close the loophole that currently allows buyers to purchase out-of-state item and avoid having to pay sales tax. Since every state and location have different tax requirement, the MFA intend to design tax software to help companies calculate their taxes and collect taxes for up to 46 states. One of the MFA’s main goals is to level the playing field between the local and online retailers by mandating the necessary taxes to be collect equally by every business. The MFA also attempts to protect the small businesses from the unfairness market competition set by giant online retailers, such as Amazon and Walmart. Since the MFA does not require any business to collect taxes if its retail transaction is lower than $1 million, one assumes that small businesses are being protected and benefited. However, that does not necessary be the case. With close examination, we might find that this proposed...
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...key issues would be likely to emerge if an information audit were to be conducted for your company? Information audit is defined as a systematic evaluation of information use, resources and flows, verified by reference to people and documents to establish the extent to which they are contributing to an organisation’s objectives. Information audit is an analysis of the controls within an information technology infrastructure and this involves the collection and evaluation of an organisation’s information systems, practices and operations. The information evaluated determines if the data systems are safeguarding assets, maintaining data integrity, and operating effectively and efficiently to achieve the organisation’s goals and objective. A research project conducted on information audits in 1997 (Henczel, 1998) confirmed that a standard process is used by information the seven stage information audit model takes you through the information audit process stage. Technological position audit reviews the technology systems the Thomas Meikles Stores have and it needs to add as the emphasis of the information audit is on the systems how the systems are utilised. Its aims are to evaluate the system’s usefulness and security protocols, and the organisation’s ability to protect its information assets and properly dispense information to the authorised parties. This information audit is carried out across the Thomas Meikles Stores it looks into systems and applications, information processing...
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...t he r c ase s t h at discuss topics rel ated to this section 5.6 Sarbox Scooter, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . 185 Scoping and Evaluation Judgments in the Audit of Internal Control over Financial Reporting 12.1 EyeMax Corporation . . . Evaluation of Audit Differences . . . . . . . . . . . . . . . . . . . . . . . 369 12.2 Auto Parts, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 379 Considering Materiality When Evaluating Accounting Policies and Footnote Disclosures Instructor Resource Manual — Do Not Copy or Redistribute Instructor Resource Manual — Do Not Copy or Redistribute Anne Aylor, Inc. C a s e 7.1 Determination of Planning Materiality and Tolerable Misstatement Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt Ins tr uc t ional O b je c t ive s [1] To provide experience with establishing planning materiality. [2] To provide experience with establishing tolerable misstatement for individual financial statement accounts. [3] To illustrate factors considered when establishing planning materiality. To illustrate different materiality bases considered when establishing planning materiality. [5] To illustrate factors considered when determining tolerable misstatement for individual accounts. [6] To illustrate reasons why the sum of tolerable...
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...Operations in Bangladesh INTRODUCTION: Bata Shoe Company is one of the largest companies not only in Bangladesh but also in many other countries. Bata Shoes is a large, family owned shoe company based in Bermuda but currently headquartered in Lausanne, Switzerland, and operates 4 business units worldwide – Bata Europe, Bata Emerging Markets, Bata Branded Business and Bata North America. It has a retail presence in over 50 countries and production facilities in 26 countries. In its history the company has sold more than 14 billion pairs of shoes. In 1985 Bata Shoe listed in Dhaka Stock Exchange. At this moment, its shares are traded in our two stock exchanges (DSE& CSE). Objective of the study: Objectives of the study are given below – • To know about Bata’s products. • To get idea about their current business condition. • To analyze its market position with it’s’ competitors. • To take an over view of their market strategies. Methodology of the study: This is a descriptive analysis. Most of the data is secondary data. I have collected the data from different websites and by taking viva of some Bata officials. Limitations of the study: To prepare this term paper we faced a lot of problems which include time & cost. Moreover, we faced a lot of difficulties to find out the actual data from websites. The officials also were not cooperative to give data about their company for their company’s regulation. An over view of the company: The business that...
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