...February 22, 2008 Foot Locker, Inc. This is a proposal written to discuss the target market of retailer Foot Locker, the largest seller of athletic shoes in the United States. Team D has further researched this company and their tightly defined target market. During the past weeks, we discussed our hypothesis of what we expect to find during our research and conclusions, as well as our analysis of our environment. We then further defined our target market, as well as research similar companies. We also incorporate our marketing strategy, media plans and budgeting plans. Our final draft is a complete marketing plan with a detailed media and budget plan. We included a comprehensive analysis of the environment and the opportunities that it offers and a marketing strategy to maximize income by taking advantage of those opportunities. History Foot Locker was introduced to the retail market place in 1974. First and foremost it is the world's leading athletic retailer and has acquired more than 3,900 stores in 20 countries in North America, Europe and Australia. They also own Footaction, Lady Foot Locker, Kids Foot Locker and Champs Sports retail stores. You can also purchase merchandise through their website at footlocker.com/Eastbay. They were known as the F.W. Woolworth Company, founded by Frank and Charles Woolworth in 1911 as five-and-dime discount stores in New York City. With time they went ahead and opened the first Foot Locker in 1974 and grew...
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...Lady Footlocker is part of the athletic shoe and Apparel Empire owned by Footlocker. This includes other stores owned by the Footlocker chain such as Foot Action, Champs, and East Bay. Lady Footlocker was founded in 1982 in Joliet, Illinois. Lady Footlocker originates from the Woolworth family, as does Footlocker, and its other chain stores. Over the last quarter century, Lady Footlocker has risen to become the largest retailer of women’s athletic footwear, apparel, and accessories. Lady Footlocker has over 600 retail locations throughout the United States, Europe, and Canada. Most Lady Footlocker locations boast an average retail space of 2200 square feet. Lady Footlocker prided itself on providing the best in woman-to-woman service and product selection. BACKGROUND OF THE PROBLEM Lady Footlocker is brand of Foot Locker, Inc. to meet women’s consumer’s needs in athletic footwear and apparel. Foot Locker, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in approximately 20 countries worldwide. Formerly known as Venator Group, Inc., it is the successor corporation to the F.W. Woolworth Company. Foot Locker, Inc. operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), Champs Sports, Footaction USA, and Eastbay/Footlocker.com Eastbay/Footlocker.com own the rights to Final Score, ESPN Shop, AFL Store, and...
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...Describe the purpose and goals of an organisation Top athletic shoe retailer Foot Locker, Inc., was known until 1998 as the Woolworth Corporation and until 2001 as Venator Group Inc. Foot Locker is a multinational retailer of athletic shoes with stores and support operations in North America, Europe, Australia, and Asia. The company's holdings include the chains Foot Locker (and its Kids and Lady store concept versions), Footaction USA, and Champs Sports. Since Woolworth's establishment in 1879, the business has been involved in general merchandising; in its incarnation as Veneto, however, the company focused on the retailing of athletic footwear and apparel. In 2001 Veneto renamed itself after its best-performing specialty chain, the Foot Locker athletic footwear shops. Foot Locker, Inc. is a specialty athletic retailer that operates approximately 3,400 stores in 23 countries in North America, Europe, Australia, and New Zealand. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, Champs Sports, and CCS retail stores, as well as its direct-to-customer channels, including Eastbay, footlocker.com and CCS.com, the Company is a leading provider of athletic footwear and apparel. The main purpose of footlocker is to be the global leading retailer of athletically inspired the shoes and apparel. Describe the products, services and customers of an organisation Major customers: Youth (age16 to 35) especially those who carry sports shoes and clothes are the main...
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...Footlocker Company Overview Company Overview Originally Purchased in 1963 the F.W Woolworth Company purchased the Kinney Shoe Corporation they started out as just shoes and then later branched out into specialty shoe stores. Footlocker came out in 1974 (Footlocker inc) just Footlocker is one of the leading retailers of athletically inspired shoes and apparel (footlocker inc) They operate stores in 23 countries and have over 3,473 retail stores (footlocker inc). They operate their business in two different ways athletic stores and direct to customers, what this means is they sell through catalog and the Internet. (forbes.com) Under the footlocker name there are several other brands These stores include Ladies Footlocker, Kids Footlocker, and Foot action, Champs, Six:02, House of Hoops, Runners Point and Side Step and East Bay (Footlocker Inc) This company is continually growing their brand and expanding out into other aspects of the industry besides footwear. Key Facts | |Footlocker Inc | |Head Office |112 West 34th Street | |...
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...growth and expect it to be accretive to the total company operating margin We are targeting 10% annual operating income $ growth (or better) and an operating income rate in the high-teens We continue to emphasize maintaining a strong cash and liquidity position while optimizing our cost of capital We will continue to manage inventory, expenses and capital with discipline We remain committed to returning excess cash and generating superior returns for shareholders 2 SUPERIOR RETURNS TO SHAREHOLDERS 3-year Total Return 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Fast Retailing TJX Home Depot L Brands Foot Locker Inditex Gap Giordano Ascena Retail Group Buckle Chico's Ralph Lauren Bed Bath & Beyond Wal-Mart Stores Walgreen Co. Tiffany & Co. H&M Ann Inc. Best Buy American Eagle Children's Place Target Coach bebe Staples Abercrombie & Fitch Esprit Holdings Li & Fung Aeropostale S&P 500 S&P Retail Index 51.7 43.7 35.9 35.5 31.4 30.9 23.7 20.7 19.6 19.4 18.8 17.9 17.9 16.3 16.3 16.1 14.7 12.2 8.9 6.0 4.5 4.2 2.4 0.1 (8.7) (15.8) (21.1) (21.7) (28.1) 15.8 24.0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 5-year Total Return L Brands TJX Ann Inc. Foot Locker Chico's Giordano Ascena Retail Group Tiffany & Co. Inditex Home Depot Ralph Lauren Fast Retailing Buckle Gap Bed Bath & Beyond Coach Children's Place Walgreen Co. H&M Target American Eagle Li & Fung Best Buy Wal-Mart Stores Abercrombie & Fitch...
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...Key Events/Case Synopsis National Fabricators Inc. is a company that specializes in the manufacturing of lockers, school furniture, toilet partitions, steel shelving, and is now currently owned by Tom Kruger after buying out $75,000 of shares from shareholders in 1992. The industry is very competitive as costs are rising and prices being cut while the economy declines at the same time. As the president of National Fabricators, Tom Kruger needs to bring the company back on its feet in order to generate profits and reduce its losses of $480,315 and outstanding bank loans of $784,000. Tom Kruger also predicts that sales would fall as much as 10% during the 1994 fiscal year due to government cutbacks on medical and educational spending as well as a sluggish level of consumer confidence. Tom Kruger is now faced with trying to get a 60 day extension for his temporary line of credit in order to get the company to start making profits again. Problem Statement and Objectives To save the company, Tom Kruger needs to get an extension of 60 days on his temporary line of credit so that he can keep losses to a minimum and start generating more profits. At the same time, the economy is declining, competitors are setting low prices, and the government is cutting back on educational spending. Tom Kruger realizes that his plant is not being utilized at full capacity and most of the operations were being primarily financed on bank credit due to insufficient cash at hand. To address these...
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...Nike’s Financial Analysis Antonio Sanguinetti Dr. Muleka Kikwebati Strayer University Financial Management March 10, 2012 Table of Contents Abstract 3 History 4 Scope of international operations. 5 Capital structure. 5 Ratios. 6 Dividends 7 Recent stock performance. 8-9 SWOT Analysis 10-12 Final Thoughts 13-14 References 15 Appendixes 16 Abstract The purpose of this paper is to provide investors with comprehensive information on Nike, its financial health and activities, its strength and weaknesses, and whether Nike creates value to its shareholders. This paper will analyze Nike's capital structure, scope of international operations, recent stock performance, and dividend policy. Examine how Nike's international operations are conducted, its criticisms and strengths. Nike's debt ratios, dividend payout ratios, dividend yield, and interest coverage ratios over the previous 5 years will be discussed and compared with industry benchmarks. Develop a SWOT analysis and shared finals thought on Nike’s future. Nike is a company that has thoroughly embedded itself into the psyche of people around the world. It's a company that started with humble origins from selling footwear in the basement to becoming the behemoth in the athletic industry. Bill Bowerman, University of Oregon track & field coach, and Phil Knight, middle-distance runner under Bowerman co-founded Nike. Nike was first established as Blue Ribbon Sports in 1964 as a partnership and the...
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...A Summer Project report on “THE GENERAL BANKING FUNCTION” Undergone at “RAJKOT PEOPLES CO – OPERATIVE BANK LTD.” Prepared by: KAJAL A. PARMAR M.B.A 3RD SEM. Guided by: Pro. Dr. Parul Chotalia Submitted to: SAURASHTRA UNIVERSITY, RAJKOT [pic] T.N.RAO COLLEGE OF MANAGEMENT STUDIES RAJKOT- 360 005. DECLARATION I, Miss KAJAL A. PARMAR, studying in MBA (Sem. III ) of T.N.Rao College Of Management Studies, Rajkot hereby declare that I have completed this project in the academic year 2008-10 as per the requirements of the SAURASTRA UNIVERSITY as a part of curriculum of MASTER IN BUSINESS ADMINISTRATION (MBA) program. I assure you that Project work has not been presented to any university or institute towards the degree/diploma fellowship or any other similar title. Place: Rajkot Date: KAJAL A. PARMAR PREFACE As a part of M.B.A. Third Semester we are to visit an industry/service sector for a practical training i.e. we are to make a detail study on the working of its different departments and general information about the units and prepare a report on it. Banks are regarded as the blood of the nation’s economy without them one cannot imagine economy moving. Therefore banks should be operated very efficiently, co-operative banks although a small part of whole banking system...
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...Chapter 3 Accrual Accounting & Income Short Exercises (10 min.) S 3-1 Millions Sales revenue……………………………………………. 960 Cost of goods sold……………………………………… (270) All other expenses……………………………………… (300) Net income……………………………………………….. $ 390 Beginning cash………………………………………….. $ 105 Collections ($700 − $30)……………………………….. 935 Payments for: inventory………………………………. (370) everything else………………………. (285) Ending cash……………………………………………… $ 385 (10 min.) S 3-2 Statement Reports (Amounts in millions) Income statement Interest expense………………. $1.8 Balance sheet Notes payable ($3.9 + $2.3 − $2.0)…………. $4.2 Interest payable……………….. 0.1 (10 min.) S 3-3 At the end of each accounting period, the business reports its performance through the preparation of financial statements. In order to be useful to the various users of financial statements they must be up-to-date. Accounts such as cash, Equipment, Accounts Payable, Common Stock and Dividends are up-to date and require no adjustment at the end of the accounting period. Accounts such as Accounts Receivable, Supplies, Salary Expense and Salaries Payable may not be up to date as of the last day of the accounting period. Why? Because certain transactions that took place in the month may not have been recorded. The accrued salaries, which are owed to the employees yet have not been paid, are an expense related to the current period. The...
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...HISTORY OF BANKING IN PAKISTAN Pakistan came into being on 14th August, 1947; sufficient banking services were available in the areas forming Pakistan. Out of the total branches of the nearly 3,500 in the undivided India, as many as about 1,500 branches were existing in these areas. It was agreed between the two countries that reserve bank of India shall continue to function in the Pakistan territory until 30th September 1948 and that Indian notes would continue to be legal tender at Pakistan until 30th September 1948. Unfortunately, relationship between the two countries became most strained immediately after independence; banking was mostly in the lands of Hindus who immediately started transferring their offices and assets into India. As a result most of the banks in Pakistan were closed down and even those which were open were not doing any effective business. The number of banking office in Pakistan came down to about 200 on 30th June 1948. Branches of some European banks were also functioning in a limited manner, financing in export of crops, and their number was limited to about 20. It was only the Habib bank, which transferred its office from Bombay to Karachi Austral Asia bank was another bank, which was in existence in the Pakistan territory at the time of independence. Despite of best efforts on the part of government of Pakistan, no heady way could be made on this behalf and reserve bank of India was in no mood to help the new country. Imperial bank of India...
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...CFA Institute Research Challenge Hosted by Local Challenge CFA Society of Buffalo and Rochester Canisius College Canisius College – Student Research Financial Sector, Real Estate Industry New York Stock Exchange Sovran Self Storage Date: 1/11/2015 Ticker - NYSE: SSS Current Price: $90.90 (1/06/15) Headquarters: Williamsville, NY SSS per Share This report is published for educational purposes only by students competing in the CFA Institute Research Challenge. Share Price Movement Highlights We initiate coverage on Sovran Self Storage (SSS) with a Hold recommendation based on a one-year target price of $95, offering 4.5% upside from its closing price of $90.90 on January 6, 2015. Our recommendation is primarily driven by: Management Platform - Sovran has been able to adapt to a changing environment in the self-storage industry through leveraging their economies of scale, utilizing an efficient web-based marketing strategy and integrating their revenue management system. Through these business practices, Sovran has maintained stable profitability and growth Growth Drivers - Sovran has been able to grow their revenues by improving occupancy rates, increasing pricing power and maintaining a strong acquisition pipeline. As occupancy rates reach mature levels, growth will primarily be driven through acquisitions, for which the Company is well positioned Note: ^RMZ - MSCI US REIT Index Market Profile Closing Price $90.90 52-Week...
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...assess the contribution of each factor independently. The key to successful banking lays in the ability of balance many activities simultaneously. The bank must maintain a healthy growth rate, while at the same time it must take action to minimize the risks it faces. The bank must also maintain enough cash on hand to meet obligations. All of these are related to sound performance of a bank. Evaluating Bank Performance, examines the basic risk and return features of commercial banks. The financial performance evaluation demonstrates the strengths and weaknesses of bank performance over time. The Trust Bank Ltd. has a responsibility to ensure efficient and effective banking operation in a sound manner. The study will look at the amount of liquidity that TBL has available to meet any reasonable demands that might have to meet, how it manages general banking, Credit department and Foreign exchange Operation, what is the position in terms of profitability and how the bank...
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...Chapter-1 Introduction 1. BAckground of the study. Four years back Bangladesh Bank undertook a project to review the global best practices in the banking sector and examines in the possibility of introducing these in the banking industry of Bangladesh. Four ‘Focus Groups’ were formed with participation from Nationalized Commercial Banks, Private Commercial Banks & Foreign Banks with representatives from the Bangladesh Bank as team coordinators to look into the practices of the best performing banks both at home and abroad. These focus groups identified and selected five core risk areas and produced a document that would be a basic risk management model for each of the five 'core' risk areas of banking. The five core risk areas are as follows- a) Credit Risks; b) Asset & Liability / Balance Sheet Risks; c) Foreign Exchange Risks; d) Internal Control & Compliance Risks; and e) Money Laundering Risks. Bangladesh Bank in one of it’s circular (BRPD Circular no.17) advised the commercial banks of Bangladesh to put in place an effective credit approval and monitoring system by December, 2003 based on the guidelines sent to them. In my study, I would try to put forward my findings about the “Credit Management Policy of Bangladesh Bank, and its implementation”. To illustrate my point, I am giving the example of Bank Asia Limited. 2. Objectives of the study. Broad objective: ❖ The broad objective is to know...
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...Had its own IPO. Also acquired Hull Trading Company, one of the world's premier market-making firms, for $531 million. 2003 : Made a joint venture with JBWere, the Australian investment bank with a stake of 45% 2009 : As a result of a Joint Venture with National Australia Bank, the Private Wealth Management arm of JBWere was sold. Few Important Events : The 2007–2008 mortgage crisis Goldman was able to drive profit from the collapse in subprime mortgage bonds in the summer of 2007. The traders who made this possible were Michael Swenson and Josh Birnbaum. They did so by short-selling subprime mortgage-backed securities. Use of Federal Reserve's Emergency Liquidity Programs During the 2008 Financial Crisis, in order to help stabilize markets, the Federal Reserve introduced a number of short-term credit and liquidity facilities. Goldman Sachs availed these loan facilities very heavily. Goldman Sachs was provided with a total of $589 billion by The Primary Dealer Credit Facility(PDCF), against collateral such as corporate market instruments and mortgage-backed securities. Apple corporate bond sale They led to Apple's largest corporate-bond deal in Apple Inc.'s history in April 2013, along with Deutsche Bank Important Business Domains of Goldman Sachs Investment banking It is mainly divided into two main divisions : 1 Financial Advisory : This includes Mergers and Acquisitions, Restructuring, Corporate defense activities, spin offs, investitures etc 2 Underwriting :It...
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...Copenhagen Business School Cand. Merc. M. Sc. IBS - International Business Department of International economics and management, 15 June 2012 Strategic Analysis of the Geox Group Councellor: Bersant Hobdari, Copenhagen Business School Student name: Valeria Serra N. of pages: 79.7 Total n. of characters: 181,415 N. of characters (without figures): 165,415 N. of figures: 20 Executive Summary The purpose of this thesis is evaluating the sources of the extraordinary success of the Italian company Geox S.p.A. in order to assess whether its triumph is sustainable or not in the future. Geox S.p.A. is an Italian company based in Montebelluna (Treviso, Italy). It produces high quality and innovative shoes and apparels, and it is considered one of the most successful Italian firms. The company was born thanks to an innovative idea of its founder, Mr. Mario Moretti Polegato, and its fast growth has been due not only to the knowledge of the district, but also to its strong management and its strategies. All these factors have contributed to Geox’s fast growth in a market that was already mature. Notwithstanding Geox’s leadership position in Italy, the company is not immune from the negative effects of the economic and financial crisis and of globalization. The main challenges that the company is facing are mainly constituted by increasing and labour and raw material costs. The crisis, which has been particularly strong in Italy, has made people poorer. Thus, consumers have became...
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