...TJ Maxx Porter 5 Forces. Rivalry among Existing Firms – High There is a high rivalry between firms in this off-price department store market. TJ Maxx faces competition from other off-price department stores, such as Ross, Big Lots, Burlington Coat Factory, Kohls, Sears, and Target. In addition, there is also a high rivalry from online off-price stores such as Overstock and Amazon. However, due to the quality and cost of its products, and its wide demographic reach, TJ Maxx is carving a comfortable niche in this market. Threat of New Entrants - Medium There are few barriers to enter this industry, but due to the high rivalry between firms, it might be hard to succeed in it. In addition, to succeed in the off-price market, companies will need a high capital and monetary funds to invest in both advertising and bulk purchases in order to off-price its inventory for sale. In this day and age, there are numerous online retailer that start up every year, but due to lack of funds or advertising, most do not succeed. Threat of Substitutes - High This threat is high because since there is a large variety of other options for the products that TJ Maxx sells, from the lower cost stores like Walmart, Old Navy, Ross, and Target to the higher end department stores like Macys, JcPenny, or Dillards, as well as online retailers such as Overstock and Amazon. There is a high threat because anyone could just buy their clothing or furnishings at any of these other stores. Buyer Power...
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...may not even be of good quality. If you want to buy furniture, you have to walk into a whole different store. This not only wastes time, but it can turn into a hassle. Running over here then running back, it just doesn’t make sense. What if I told that you can get best of both worlds? Literally! TJX Companies Incorporated is the largest international fashion apparel and home fashions off price department store in the United States. The mission of the company is to deliver brand name and designer clothing and merchandise, 20%-60% lower than other department stores. Brands include Express, Vince Camuto, Michael Kors, Ralph Lauren Polo, and more.TJX Companies Inc. includes, T.J. Maxx, Marshalls and HomeGoods in the U.S. In Canada they own Winners, HomeSense and Marshalls, and in Europe the company owns T.K. Maxx and HomeSense. Not only do they carry a variety of brand names,...
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...T.J.X. Companies, Inc. Final Case Study Report Nichols College T.J.X. Companies, Inc. is the leading off-price apparel and home fashions retailer in the United States and worldwide, ranking number 115 in the most recent Fortune 500 listings. They have the broadest demographic reaches in retail, all of which have enabled them to achieve successful, and profitable growth year after year, through many types of economic and retail cycles. With over 3,000 stores in six countries, approximately 179,000 associates and a fresh e-commerce presence, and they are growing faster than ever (“About the TJX Companies, Inc.,” 2014). Through T.J.X. Company’s innovative buying and sourcing strategies, they discover and deliver value for shoppers in many ways. Their goal is to provide customers with quality merchandise for the entire family, every day. Value means more than price to T.J.X. Company professionals; buyers are trained to recognize that true value is a combination of fashion, quality, brand and price. T.J.X Companies are known for their brand name and designer fashions at 20-60% off department store prices. They are able to do this by purchasing merchandise from designers when they over produce or other department stores over purchase. They go in during these certain situations and negotiate the lowest possible price to pass on the savings. How they buy is just as important as what they buy. They pride themselves in never having the same selection twice with new arrivals...
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...in Boston, Massachusetts. This business prospered and in 1929 the Feldbergs opened their first retail store, devoted to selling ladies hosiery. Twenty years later, their one store had grown into a chain of women's apparel stores that stretched from New England to Washington D.C. In the mid-1950's, the next generation of Feldbergs - Stanley and Sumner - set out to build upon what their fathers had established - and the Zayre discount department store chain was born. Zayre Stores stood for offering convenience, selection and outstanding value for the whole family. In the mid-70's, a young and talented merchant, Ben Cammarata, was offered an opportunity to build a new off-price chain, and under his leadership, T.J. Maxx was born. With the success of T.J. Maxx, the Company grew into The TJX Companies, Inc., which today is the leading off-price retailer of apparel and home fashions in the United States and worldwide, offering great fashion, quality, and brand names at excellent values, every day. Here is a look at some of our most important milestones: Statement for the year 2011 Statement for the year 2012 Vertical and horizontal analysis Ratio Working capital, current ratio-to indicate the ability to meet currently maturing obligations (measures solvency) Quick ratio- To indicate debt-paying ability (measures solvency) Accounts Receivable- to assess the efficiency in collecting...
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...Case Study: Should T.J. Maxx Sell Online? Noor-E-Hira Naveed Devry University’s Keller School of Management July 15, 2016 The company doesn’t give out the names of the brands as those name brands don’t want to be seen being sold at such low process as they are at T.J. Maxx because they are last season and they have been bought from the outlets after not being sold. You can find high-end brands like Coach, Michael Kors, Ralph Lauren, and Nanette Lepore at T.J. Maxx. Meyrowitz the CEO of TJ Maxx said "We're absolutely fine with every vendor saying they don't do business with us, it's a very important part of our relationship.” TJ Maxx is working on a new mobile ad campaign that lets customers save big on the latest gadgets and tech accessories. Since there are so many mobile phone and devices used now for shopping this is a good tech move on TJ Maxx’s part. This campaign is all about promoting company’s technology accessories and consumer can find out what’s available in the local store through their mobile site. The ad enlarges when you click on it; take you onto a new window promoting these technology-based products discounted up to 70% if you go to the store. After that the customer or mobile site user can use the mobile’s location service or enter their ZIP code to locate the closest TJ Maxx store. Then you are taken map and directions of the store nearby. For TJ Maxx it’s not very feasible to merchandize online as the products in their stores vary greatly at different...
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...Janiesha Simpkins Fundamentals of Marketing Kristen Hanlon 2 Sept. 2011 The Brand Foundation of TJ Maxx The brand vision of TJ Maxx is very prosperous. According to research studies, TJ Maxx is convinced that its strong top-and bottom-line performance will continue. Its vast sourcing universe affords them enormous flexibility to react quickly to market trends and consumer preferences. In the 34 years that TJ Maxx has been in business, year after year, their great flexibility, particularly for a company their size, has enabled them to succeed through various economic and business cycles. Their off-price mission is to deliver a rapidly changing assortment of fashionable, quality, brand-name merchandise at prices that are 20-60 percent less than department and specialty prices everyday. You may ask what is TJ Maxx’s brand definition--how do they make their money? First, let me say that TJ Maxx is the largest leading off-price retailer of apparel and home fashions in the world, ranking 119 in the most recent Fortune 500 listings. The company’s source merchandise globally from over 14,000 vendors in more than 60 countries and operate more like a sourcing machine than most retailers. Their financial strength gives them the strong foundation and flexibility to grow their business and simultaneously return value to shareholders. The elements of flexibility has been at the root of their consistent successful performance. They take an evolutionary, not a revolutionary...
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...TO: CEO of Gap Inc. FROM: Andre’ Snead I have conducted a company analysis on Gap Inc. and my findings resulted in the following recommendations to improve their sales for the next three years: * Gap Inc. need to produce a better advertisement campaign that relates more to their customers. * Fashion and brand-conscious consumers who shopped at retailers such as Gap tended to be emotionally driven in their purchasing behavior and were influenced by marketing efforts that showcased the store’s latest trends. According to Exhibit 1, buyers bargaining power is strong because they control what they purchase and from what retailer they purchase from. Buyers are more inclined to make wiser purchases because of the state of the economy. By producing a better advertising campaign, Gap Inc. can entice an emotionally driven customer that sees a commercial or a billboard to make a purchase. * Social media have taken over the lives of many consumers in America. This is another area that Gap Inc. should focus its advertisement strategy. By utilizing Facebook and Twitter, Gap Inc. can reach out to millions of their customers and increase their brand image, which is a key success factor in the retailing industry. (See Exhibit 2). * Gap Inc. should focus some of its resources and assets on producing plus-sized clothing in the United States market. * By 2010, the plus-sized segment in the clothing store industry reached 27 billion dollars. The number...
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...Skills * * Comfortable in social situations. * Can handle myself as well as the customer in stressful situations. * Multi-tasking * Social * Precise and organised. Employment History * Smart Start Nursery Assistant, Greenacres Oldham. * (May-August 2012) * * My main achievements as my first job, I used it as a platform to gain experience working for a company. Although the job was only part-time over the summer holidays, I learnt some important skills and also felt I improved in being able to handle people. Completely surrounded by older employees, I had to be completely punctual and be as useful as possible. * * Sales Assistance : TK Maxx – Manchester Store * (September – February 2013-2014) * * During my time at TK Maxx, I really enjoyed it although it was challenging at times. I found ways to become more efficient and as helpful as possible during my time. Excellent customer service was essential at a store like this as stock is continually swopped or is discounted due to damage. Due to my exams I had to leave but my time there it was highly satisfying being the youngest person employed there. Education Oldham Hulme Grammar School (September 2008 – June 2013) * 12 GCSE’s * 10 A’s * 1 B (I.T) * * * Presently studying at : Oldham Sixth Form * 4 Subjects – Biology,Maths,Geography,Geology *...
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...garments in order to limit the supply which could push the customers snapping up queues when they see the products. Zara tend to design fashionable products according to the current trends. Also, Zara create around 40,000 new garments every year, from which 10,000 are chosen for production (Fredows, K., Lewis, M., Machuca, J., 2005). Compare to Zara, TK Maxx also has a greater range of products which including Men's and Women's clothing, shoes, accessories and handbags. It provides the unique and individual clothing and home wears with limited numbers of products as well. Moreover, the products of TK Maxx have varied in quality and designer reputation. According to TK Maxx website(2013), the buyers in TK Maxx scour the globe 24/7 to bring back the best brands at a fraction of the price. ◆ Price Generally, in order to get the most common average income customers able to purchase the products, Zara set the goal to make the price being available. Zara creates deals by providing small quantity of apparels from the same collection as amount for lower price. Randomly offer discount sale for some basic products. On the other hands, TK Maxx always provides low cost between 20% - 60% recommended retail price. Offer the prices of products for less than usual retail prices. The price range is from £5 up to £200, which reveals the products of gold label would appeals to high income consumers in certain places, and clearance appeals to the lower income people in all stores. ◆ Place ...
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...I just recently used this new muscle building supplement Maxx Test 300. Here is the review based on my 15 days long practical trial. What is it all about? It is a testosterone boosting product that is recommended by experts and approved for diet (as claimed). It states that by boosting testosterone levels, it helps enhance muscle mass. It further increases stamina for intercourse and allows one to have a lasting and harder erection with gratifying orgasm.if you are more tired than usual and lost your desire to have sex then you need to get your testosterone boosted. Use Maxx Test 300 and you will definitely see a better and boosted result in yourself Ingredients According to the label, ingredients are Tribulus extract (45% saponins) AAKG Rice flour Gelatin Magnesium stearate Silicon Dioxide More Details Maxx Test 300 vital...
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... (x – h)2 + (y – k)2 = r2 Here we will increment x- axis by unit interval and will calculate the corresponding y- value using the formula, y=k ± √(r^2-〖(x-h)〗^2 ) As we know that pixel positions are discrete integer values, so we need to round off y- value every time we want to plot a point (x, y). Algorithm to scan convert a circle using two-way symmetry: Step 1: Enter center of circle C (h, k) and radius = r units Step 2: Initialize x = h – r and y = k Step 3: Plotpixel(x, y) Step 4: While ( x #include #include #include int h,k,midx,midy; void plot8points(int x,int y); void main() { int gm,gd=DETECT; int x; float r,y; cout<>h>>k; cout<>r; initgraph(&gd,&gm,"d:\\tc\\bgi"); int maxx,maxy; maxx=getmaxx(); maxy=getmaxy(); midx=maxx/2; midy=maxy/2; line(midx,0,midx,maxy); line(0,midy,maxx,midy); x=0; y=r; while(x< = π) x = h + r cos(theta) y = k + r sin(theta) Round off both x and y values PlotPixel(x, y) PlotPixel(x, - y) theta = theta + dtheta EndWhile Step 4: End As discussed in previous algorithm, we can use four-way symmetry to reduce the processing time and increase the efficiency. Here we start with θ = 0° and will end at 90° i.e. from 0 radians to π/2 radians. So by finding value in one quadrant, we can calculate corresponding values in rest of the quadrants. For each value (x, y) we have three values (x, -y), (-x, y) and (-x, -y). We can use dθ as 1/r but for the sake of simplicity we have increased θ by unit interval in this case. Algorithm to draw...
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...A Salty Potato, and An Albino Polar Bear ...Oh yeah, and that ghost dude Maxx Jones was a tailor who loved the big city and he loved to go into the big city, but there was one tiny little big problem, Maxx lived miles away from the big city he loved so much. But nothing stopped maxx, “ROAR” said to Oliver his purple albino polar bear “That's racist” Max yelled, and hopped into his big white van. The city was eight miles away, and slowly, mile after mile he reached the halfway mark. Four miles away from his house, and four miles away from the big city, Max's car broke down “Well the sun is setting and i’m lost, i'll just spent the night here” said Max to himself as he slowly fell asleep. Max woke up in the middle of the night to go pee,...
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...thankful for their aspiring guidance, invaluably constructive criticism and friendly advice during the assignment. I am sincerely grateful to them for sharing their truthful and illuminating views on a number of issues related to the assignment. I would also like to thank my lecturer Mr. Ahmed Hamza, who helped me a lot to finish this assignment in a good manner and all the people who provided me with the facilities being required and conductive conditions for this assignment. Contents I. Assignment specification [ II ] II. Acknowledgement III III. Contents [ IV ] - [ V ] IV. Introduction [ VI ] Task 01 1.1 Different type of Organizations 1 - 9 1.2 TK Maxx Stakeholders 9 - 16 1.3 TK Maxx responsibilities 17 Task 02 2.1 Economic Systems 18 - 26 2.2 Economic Policies 26 - 31 2.3 impact of competition policy Task 03 3.1 Market Structures 33 – 41 3.2Best market structure for my business 42 - 47 3.3 Role of competition 48 – 60 3.4 Impact of Government on business 61 - 63 Task 04 4.1 Important factors of International trade 64 - 66 4.2European Union Policies 67 - 70 4.3 Entering in to new market 71 -72 References 73 End of assignment Introduction This unit aims to help the learner become an effective and confident self-directed employee. This helps the learner become confident in managing own personal and...
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...facilities. The Warden went about doing so by using Andy to write letters to the government asking for sponsorship to make improvements to the library as well as other illegal matters. The Warden crossed that line of professional ethics by having an inmate launder money for personal greed. The article “Professional Ethics in Postmodern Society” discusses the boundaries of morality in a professional establishment. According to the article, unethical behavior knows no boundaries (Schultz pg. 2). Today, the professional ethics of an institution has no significance and is no longer clearly established. To start with a minor defiance of professional ethics, I went to a job interview for TJ Maxx here in Elizabeth City. I saw people come in with jeans, sundresses, T-Shirts, etc. However, I have recently gone to TJ Maxx and those same people who were dressed unprofessionally for the interview got the job. There was no morale about what to wear when pursuing a job. On a more major level, the article talks about corporate scandals within big businesses. Page two in the article talks about these corporate offices engaging in financial affairs for personal gain and only top level employees benefit. (Schultz, pg. 2). These corporations manipulate lower level employees and other investors into bringing in more money than needed not just for professional necessity but for personal advancement. To compare the movie “The Shawshank Redemption” and the article “Professional Ethics in Postmodern Society”...
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...times and vastly improves the overall quality of life. When I work out it makes me come less stressed and more alert. Another good source of nutrition would be the farmers market that happens every Saturday downtown, the benefits of a farmers market are that they are very good for local economy because people that provide for the market are local people, also they provide healthy fresh food other than packaged food at a grocery store this food is very fresh and rarely un-healthy to eat. I enjoy farmers markets because it is cool to see what people grow around here where I live and to meet the people that do it is a bonus. The last good nutrition source would have to be Maxx Smoothie. Maxx smoothie is a smoothie bar that provides healthy meal replacement smoothies that go hand and hand with keeping a healthy body, at Maxx they also sell vitamins and natural oils for all different kinds of treatments that work well with your body and they are all natural supplements almost all are organic. Overall everyone’s community/town has many different nutrition sources and health choices but not everyone knows because of probably many different reasons. But I am very thankful for having many choices for healthy nutrition sources in my...
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