...“The future of shopping” case study It is often said that “life is not a wish-granting factory”, however from the case we seem to witness a shopping future that meets all the needs of customers. Imagining a perfect normal day, walking down the fifth avenue and saw a pretty dress you really liked, you went home and couldn’t possibly get that dress out of your mind. Therefore, you went on the Internet and found the exact same dress and saw the price on the website of the store. Will you just buy the dress directly from the Internet without thinking about other possible opportunities? The answer is no. Most of us will start to browse other information about the dress and start to compare it with different other stores that possibly has a cheaper price for the dress. Or even go to the real store and check the dress out for yourself, plus send a picture of you trying on the new dress and send it to your friends for feedback. The thing about the future shopping life is Internet inevitably connects all of us. Not only the consumers but also the retailers are adjusting in order to thrive in this new ever-changing future. It is written in the case that nowadays, consumers are getting harder to please, they would like to avoid the hassle to virtually visit the store in person because sometimes the stores are crowded with people tending to either appreciate the products or fighting for discount stuffs. On the other hand, they also fear for buying those products that look good on the...
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...and future of Shopping Malls and Big Box Retail Stores Michele A. Guinn Northeastern State University Abstract Shopping malls and big box stores appear to be less plentiful than they were twenty years ago. Is this a result of e-commerce or a confluence of consolidation? Each of these issues affects consumers and the way we go about our daily shopping activates. We are a society that follows trends, and the mall trend may be changing or just disappearing. This paper will cover were malls came from, where they are now, and what is foretold about the future of shopping malls and big box retailers. The current and future of Shopping Malls and Big Box Retail Stores Growing up, malls were a place to spend the day with family and friends while grabbing a bite to eat after getting a new haircut and then off to the arcade to spend a weekly allowance. Today over 400 malls have closed in the U.S. since 2007 and there is even a website devoted to “dead malls” that are out of commission. Big Box retail stores that provide consumers with the combination food/discount stores are not doomed but big box retailers that are “category killers” (toys, electronics, office equipment) are struggling from the effects of technology. Retailers with a smaller footprint will have an upper hand over the next 10 years as big box retailers need to figure out how to take advantage of this trend that is driven by technology, economic conditions, and overall customer wants and needs. Shopping malls...
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...THE FUTURE OF SHOPPING I. THEORY Tackling about how people nowadays purchase goods and services sure is as easy as one, two and three. How did this happen? Technology. That’s one definite answer for that. People communicate using cellular phones this 21st century unlike before, they are supposed to write letters to reach one another. Inventors made it all possible for us to have an easy access to every communication there is for us. With their knowledge about technology, the society is progressing like it has never happened before. Google is one of the faster way to browse the web, we get the idea that everything can really be found in the web. But what are the disadvantages of it on my part? I cannot physically see the thing that I am seeking for, it’s only available through pictures and I am not sure if it is defective or not. Jumping through the future of shopping through internet, I must say that the availability of the resources are high but I will not be sure if it’s 100% authentic or not. There are items that I usually want to purchase in the mall but when I get there, there is nowhere I could find it. And just like what the example has been cited on the article, “The Future of Shopping”, with the use of web, I can access the items that I want before going to see it on-hand and it will be less hassle since if there is no availability of the item then I will be able to see it on other cites so I will be no longer leaving the house. The thing is, the thing we call...
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...The research on the topic - future of the shopping, has revealed that E-Commerce alongside to In-Store retail has become a big part of the shopping process over the past decades. In order to find out what the future shopping looks like, the definition of E-Commerce has been discussed as a theoretical part of the research. The research has revealed that E-Commerce is defined in common literature shortly as “doing business electronically”. (European Commission, 1997). When defining E-Commerce more in detail, the term has been analysed by Kalakota and Whinston from four different perspectives. As the term includes many actions in different variations, few business models have been created and analysed. Two common accepted and mentioned in literature...
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...Online Shopping I) Introduction: Online shopping is a growing area of technology. Establishing a store on the Internet, allows for retailers to expand their market and reach out to consumers who may not otherwise visit the physical store. The convenience of online shopping is the main attraction for the consumers. Unique online payment systems offer easy and safe purchasing from other individuals. Electronic consumers exhibit different buying behaviors such as; cart abandonment. The benefits of shopping online also come with potential risks and dangers that consumers must be aware of. In the future, we can expect online stores to improve their technology tremendously, allowing for an easier and a more realistic shopping experience. II) Current Use: A company that wants to market their items online can establish an online store by developing a website. These stores usually consist of several department areas with the merchandize organized accordingly. The consumer may view the products’ picture, item details, materials, sizing, etc. If the consumer chooses to add the item to his or her virtual shopping cart, they are usually given the option to continue shopping or proceed to checkout. Once the consumer proceeds to checkout, the credit card transaction is completed and the item is prepared and shipped from the retailer to the consumer. Many physical retail stores have expanded their market by using the Internet. By having both a virtual store and a physical store...
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...Second Written Assignment 3) By 2020, all shopping will be done online. Do you agree or disagree? Support your view with reasons and/or specific examples. It's the year 2020. There are no shops anymore. All shopping is done via the Internet. Purchases are made comfortably from the couch. There is no need of leaving the house and getting to a store. Searching a parking lot, standing in a line for paying the items and carrying bags are things of the past. It is a tempting idea, but could the future regarding to our buying behaviour really be like this? I want to focus on this question in my essay. There is an unmistakable trend that more and more people use the opportunity of online shopping. Nowadays there is no restriction on electronics and entertainment items only such as few years ago. It is now possible even perishable food to be delivered to your home. The development is supported by internet sites like Ebay or Paypal. More than 40 million Germans already use these possibilities. In contrast the percentage of the “offline” shopping is decreasing. What makes online shopping so attractive? The main reasons are the saving of time, the greater product choice and the ability of price comparison. This way the customer is able to find the right product for the cheapest price. Furthermore, he is not bound to opening times. But there are also good reasons to go to a shopping mall. In particular, the social contact with other people, the professional advice of the seller and...
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...The Future of Shopping - Harvard Business Review http://hbr.org/2011/12/the-future-of-shopping/ar/pr The Future of Shopping by Darrell Rigby Idea in Brief A decade after the dot-com implosion, traditional retailers are lagging in their embrace of digital technologies. To survive, they must pursue a strategy of omnichannel retailing—an integrated sales experience that melds the advantages of physical stores with the information-rich experience of online shopping. Retailers face challenges in reaching this goal. Many traditional retailers arenʼt technology-savvy. Few are adept at test-and-learn methodologies. They will need to recruit new kinds of talent. And theyʼll need to move away from analog metrics like same-store sales and focus on measures such as return on invested capital. Traditional retailers must also transform the one big feature internet retailers lack—stores—from a liability into an asset. They must turn shopping into an entertaining, exciting, and emotionally engaging experience. Companies like Disney, Apple, and Jordanʼs Furniture are leading the way. Artwork: Rachel Perry Welty, Lost in My Life (wrapped books), 2010, pigment print Photography: Rachel Perry Welty and Yancey Richardson Gallery, NY Itʼs a snowy Saturday in Chicago, but Amy, age 28, needs resort wear for a Caribbean vacation. Five years ago, in 2011, she would have headed straight for the mall. Today she starts shopping from her couch by launching a videoconference with her personal...
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...The Impact of Bid Shopping on the Private Sector of the Construction Industry Bobie A. Smith Mojica FBi Construction, Inc. Florence, South Carolina Shima N. Clarke, Ph.D., PE Clemson University Clemson, South Carolina Over the course of history, the construction industry has been greatly affected by the effects of unethical practices made by owners, contractors and subcontractors. This study examines those practices, known as bid shopping, and its effects on the private sector of the construction industry. Bid shopping is primarily used by contractors and subcontractors to gain an unfair advantage over their clients, competition and subcontractors during the bidding process. Common consequences of bid shopping include lawsuits from contractors, subcontractors and vendors, refusal of the shopped party to sign a contract, compromised quality of workmanship, disregard toward safety measures, severed relationships among construction professionals and inflated bids. Education of construction professionals at the earliest stage possible is crucial to prevent the practice from happening. In addition, familiarity with all aspects of bid shopping helps construction professionals to recognize its symptoms when it does occur, so that appropriate measures can be used to deal with the issue as it is happening. Key Words: Bid Shopping, Construction Ethics, Construction Education, Bidding Process, Private Sector Construction Introduction Over the course of history, the...
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...humans’ life in some ways. As computers and the internet have became pupular all over the world, amounts of people prefer to do shopping on the internet instead of going to the traditional shops. Online shoppong can be defined into the use of the internet as a shopping. This essay will examine whether online shopping will become popular than traditional shopping in the future. This essay will focus on the convenience, product information and lower costs. To begin with, the first feature is that shopping on the internet offers covenience to shoppers. Compared to shopping in traditional stores, online consumers do not need to shop at physical locations such as stores and shopping center. Shoppers can access to anywhere in the connected internet and decide to buy products anytime. In the case shoppers lack of time, they can also use e-shopping to save their time and choose the goods which they want. Online consumers do not need to consider the weather conditions and just need to stay at home to use their computers. Shoppers always use some websites to order their goods. Ahuja and Roman (2003) state that some trusted websites like eBay, Barnes and Noble or I-tunes can reduce the stress of shopping online and make it easier for people to enjoy online shopping. Even though traditional shopping can help people experience the fun of traditional shopping, shopping online can both relax shoppers bodies and minds. What is more, the second feature is that shoppers can use the internet as...
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...involved in online grocery shopping? How does online shopping compare with traditional shopping in terms of behavioral effort? Ans.: The online grocery shopping consists of various types of behaviors; such as information contact, funds access, store contact, product contact and transaction behaviors. Information contact behavior is mostly a part of online grocery shopping, where consumers used to search their required products and order through online processes. The fund access behavior is also used in online grocery shopping while purchasing products through online by using their credit/debit cards or net banking. Sometime, customers used to order through online but visit the nearest stores to bring the product after inspecting; such as fresh vegetables, milk products and meat or animal proteins etc. therefore, they must search for the nearest store and product and contact them to bring those pre-ordered products. As said in this case; very rare i.e. 1-5% of people used to order or purchase products through online marketing procedure. As per the behavioral terms found in online grocery shopping, people used to go for this, only in emergency cases and when they do not have sufficient time to visit the stores and retail shops. Some of the common behaviors found in traditional and online shopping are; information contact, fund access, store contact, product contact and transaction behaviors. The other post-purchase behaviors found in traditional shopping are; consumption &...
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...Case Scenario 1: Impact of online shopping on shopping centres in Australia Industry The industry in question is the Australian Shopping Centre industry. Value Chain Value chain is not really relevant as the shopping centre spaces are simply rented out. Industry Life Cycle The industry is currently in the Maturity stage of its life cycle however could be entering into the shake-out stage in as little as 5 years. The figures provided by Mary Meekers suggest that online shopping will account for 12% of all retailing in the US by 2019 with online retailing in 2011 accounting for 4% and currently an estimated 8%. The figures in Australia are expected to be even greater. This presents a steady trend of traditional retailers becoming less necessary. The demand for retail space will therefore reduce together with shopping centres growth and profitability. However if retailers were to adapt to the new style of shopping and added value to their in store retailing together with an integrated online sales platform, traditional brick and mortar stores may continue to operate effectively. PESTEL – Remote Environment Analysis Political – Public perception of lost jobs may force local governments to attempt to keep retail outlets from closing their doors. (Positive) Economic – Retailing is highly dependent on the strength of the local economy. Sales figures are expected to rise by 0.3% in the next 5 years. This can be partially explained by the expected increase in strength...
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...Case Study: The Business Strategies of QVC Group 2: Michael Kenlan Karen Maxwell Brian McKearney Tara Murphy Zach Smith MIE 480, Spring 2010 Dr. Washington Abstract John Segal founded QVC in West Chester, Pennsylvania in June of 1986, two years behind the launch of its predecessor, the Home Shopping Network. Despite this later emergence onto the cable scene, QVC surpassed its competitor quickly and has maintained a dominant position in the television-retail industry ever since. Never relinquishing its strong commitment to quality, value, and convenience, the company has strategically gained consumer confidence, brand loyalty, and a competitive advantage in the market. Today, QVC has shipped over a billion packages to customers worldwide, and generates an estimated $_________ in annual sales. There are many reasons that led QVC to become the industry leader in televised shopping. Entering the market in the shadow of The Home Shopping Network actually proved to be advantageous to the new company. The founding management of QVC was wise in examining its competitor’s strengths and weaknesses, and learning from these mistakes. QVC set out to break the existing mold and capture a larger audience with quality products. Another wise decision on the part of leadership was to employ experienced TV producers with expertise in the field which resulted in a professional and well-produced...
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...Reichenbach Co. organized in 2009, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2009 and 2010. 7/1/09 8 year franchise; expiration date 6/30/17 48,000 10/01/09 Advance payment in laboratory space(2 year lease) 24,000 12/31/09 Net Loss for 2009 including statement incorporation fee, 1000, and related legal fees of organizing, $5000(all fees Occurred in 2009.) 16,000 1/2/2010 Patient purchased (10-year life) 84,000 3/1/2010 cost of developing a secret formula (indefinite life) 75,000 4/1/2010 Goodwill purchased (indefinite life) 278,400 6/1/2010 Legal fee for successful defense of patent purchased above 12,650 9/1/2010 Research and development costs 160,000 Prepare the necessary entries to clear the Intangibles Assets account and set up separate accounts for distinct types of intangibles. Make the entries as of December 31, 2010, recoding any necessary amortization and reflecting all balances accurately as of that date. Ignore income tax effects. |Franchises |48,000 ...
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...difficult to order the goods one wants on a site unless one knows what one want. Or is it more expensive than going to a shop and buy the things one want there?Online shopping is making things much easier in terms of time. The only thing one have to do is going to the internet page, choose the product one want and buy it. After that just have to wait for approximately for about four days to two weeks. Whatever bought will be in front of the door. To go shopping online is very important for some people because one can buy food as well as things one need in the household and if it is not able to go out any more for any reason. They have got everything one need on the internet shop. Another good opportunity in online shopping is one are able to compare prices much easier. The weakness of online shopping is that one have to be really careful in choosing the site that one want to buy the things that is needed. Some sites just want money and won't give anything in return. Another big problem is the quality of the things. If order food for example and get old or bad food its able to send it back but one ain't got anything for that. Online shopping is always quite tricky, one have to look at the prices and compare them to the other sites to be sure that its not paying way to much for the goods.In ones opinion internet shopping is a good and useful invention. If one are in a place where nothing is around like the school and need things for example a music player or ear phones. It is easily...
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...on ecommerce and shopping ECOMMERCE AND SHOPPING ON THE INTERNET ABSTRACT With businesses seeking to seize the momentum of social media and social networking, technology-enabled social commerce has emerged to combine the power of online social networking with shopping. This study examines an emerging area in E-commerce, i.e., social commerce. Extending the online consumer behavior typology, this study categorizes online consumer behaviors into three types: transactional, informational, and social. While traditional E-commerce supports the transactional and informational aspects of online shopping, social commerce fulfils the social aspects of shopping, and potentially enhances the informational aspect as well. This research examines the online shopper as a prospective user of an emerging social commerce platform, the social shopping website, which are sites designed specifically to support social interactions while online consumers shop. The study augments the Technology Acceptance Model with constructs that enhance the specificity of the model to the social shopping application of social commerce. The model was empirically tested and supported. The results provide empirical evidence to support the importance of distinguishing the social aspect of shopping from the information and transactional aspects, as well as the potential advantage to using technology to promote social interactions on E-commerce sites. Implications and future research are discussed...
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