...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...
Words: 5544 - Pages: 23
...Gomez Stephanie Gomez 11/20/2013 TJX COMPANIES, INC. TJX Companies, Inc. The Fortune 500 is a list that ranks the top 500 corporations as ranked by their gross revenue after modifications are made to exclude the impact of taxes. As an advisory board, we would like for you to invest your money where we feel that you would make maximum profit. Until a few years ago, TJX entered into the Fortune 500 rankings with a $15 billion revenue and the company has continued to strive ever since. TJX has sustained and will maintain their upward direction in the stock market and the stock has potential to progress in the upcoming years. As a result, more and more investors are being intrigued with the success of this company because of the rise in the market. Investing in this company would be ideal because of its positive pattern and great strategy to attract consumers. Walking into department stores can be aggravating at times. The prices of certain items can shoot of the roof, and the brand 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...
Words: 3254 - Pages: 14
...Mexico, Egypt, Jordan, and Croatia, and Israel. In 2009 they had the highest market share in the U.S. family apparel industry. Five Forces Analysis 1. Competition from rival sellers is strong. The rapid introduction of new trends in fashion causes the clothing industry to be in a state of constant change. The myriad of options for consumers of stores to purchase clothing causes switching costs to be low. It is essential the companies are able to respond quickly to new trends in order to appeal to consumers and create brand loyalty due to the high amount of competition in the industry. 2. Competition from potential new entrants is weak. In the apparel industry the barriers to entry is very high. It is imperative for a company to have high brand loyalty, due to the low switching costs. This makes it difficult for new entrants to survive, because they will not have brand loyalty. Consumers tend to stick to clothing brands that they like and to continue to shop there if they trust the company. This is why it is important for a company to always be building their brand loyalty. 3. Competition from substitute products is weak. There are not many substitute methods to attaining clothes other than shopping at clothing stores and it is because of this that competition from substitute products is weak. Some substitutes to purchasing clothing at apparel stores is making...
Words: 5362 - Pages: 22
...Ever? The security control weaknesses that were shown at TJX companies were that they had a weak and vulnerable security network that allowed hackers to develop a sniffer which is “a type of eavesdropping program that monitors information traveling over a network” (Laudon & Laudon p. 302). Also TJX was found to be using an old WEP encryption system that is fairly easy for hackers to crack while other companies had switched to a much more secure program. An auditor had found that the company had disregarded the fact the need to install proper firewalls and data encryption on the computers used and did not have installed the extra level of security software that they had purchased. According to PCI’s standard companies are not to hold onto cardholder data but for a certain period of time and TJX was found to have been saving this information for years. In my opinion, TJX knew that there were issues going around and just seemed to take the cheap and easy way out and not installing the more secure programs in order to protect their customers from fraud and hackers. The company itself wasn’t just in trouble with the customers, but also with the credit card issuers as well but once they realized and reported those 45 million card numbers they should have gone to extreme measures to make the security changes. The impact was more on the customers than the company itself; however, the blame is to be placed on the company for not doing their part to ensure customer information....
Words: 994 - Pages: 4
...Stock Report | October 2, 2012 | NYS Symbol: TJX | TJX is in the S&P 500 TJX Companies Inc (The) 55555 S&P Recommendation BUY Price $45.17 (as of Oct 2, 2012) 12-Mo. Target Price $50.00 Investment Style Large-Cap Growth UPDATE: PLEASE SEE THE ANALYST'S LATEST RESEARCH NOTE IN THE COMPANY NEWS SECTION GICS Sector Consumer Discretionary Sub-Industry Apparel Retail Summary TJX operates several chains of off-price apparel and home fashion specialty stores in the U.S., Canada, Germany, Poland, Ireland and the U.K. Key Stock Statistics (Source S&P, Vickers, company reports) 52-Wk Range $46.67– 26.89 Trailing 12-Month EPS $2.26 Trailing 12-Month P/E 20.0 $10K Invested 5 Yrs Ago $32,954 S&P Oper. EPS 2013 E S&P Oper. EPS 2014 E P/E on S&P Oper. EPS 2013 E Common Shares Outstg. (M) 2.50 2.77 18.1 736.1 Market Capitalization(B) Yield (%) Dividend Rate/Share Institutional Ownership (%) Price Performance $33.250 1.02 $0.46 87 Beta S&P 3-Yr. Proj. EPS CAGR(%) S&P Credit Rating 0.56 17 A Qualitative Risk Assessment 30-Week Mov. Avg. 10-Week Mov. Avg. 12-Mo. Target Price Relative Strength GAAP Earnings vs. Previous Year Up Down Volume Above Avg. No Change STARS LOW MEDIUM HIGH Below Avg. Our risk assessment reflects our view of TJX's leadership position in off-price retail and promising new merchandising and productivity initiatives that could boost sales and profit ...
Words: 10821 - Pages: 44
...[pic] TABLE OF CONTENTS Diagnosis ………………………………………………………………………..……………….…4 Company profile ……………………………………………………………………………………..4 Product and Services ………………………………………………………………………………..4 Mission ………………………………………………………………………………………………..5 Objectives ……………………………………………………………………………………….……5 Corporate Strategy ……………………………………………………………………….…………6 Policies ………………………………………………………………………………….……………9 Diversity ……………………………………………………………………………..….………….9 Equal Opportunity Employer ……………………………………………………….….……….10 Ethical Standards/code of conduct ………………………………………………….….….……10 Suppliers ……………………………………………………………………………………………11 Strategic Management & Board…………………………………………………………………13 Corporate Governance……………………………………………………………………………15 Board of Directors…………………………………………………………………………………17 Global Footwear Industry ………………………………………………………………………28 Family Clothing Stores …………………………………………………………………………30 Porter’s Five Forces………………………………………………………………………………33 Industry Overview…………………………………………………………………………………40 Organization Structure …………………………………………………………………………48 Financials …………………………………………………………………………………………49 Financial Ratios …………………………………………………………………………………58 Altman’s Z-Score …………………………………………………………………………………71 Tobin’s Q……………………………………………………………………………………………72 DuPont Analysis …………………………………………………………………………………73 SWOT Analysis ……………………………………………………………………………………77 Market Share ………………………………………………………………………………………80 Focal...
Words: 19508 - Pages: 79
...Securing Information Systems LEARNING OBJECTIVES C H A P T E R 7 STUDENT LEARNING OBJECTIVES After completing this chapter, you will be able to answer the following questions: 1. Why are information systems vulnerable to destruction, error, and abuse? What is the business value of security and control? What are the components of an organizational framework for security and control? What are the most important tools and technologies for safeguarding information resources? 2. 3. 4. ISBN 1-256-42913-9 232 Essentials of MIS, Ninth Edition, by Kenneth C. Laudon and Jane P. Laudon. Published by Prentice Hall. Copyright © 2011 by Pearson Education, Inc. C HAPTER O UTLINE Chapter-Opening Case: Boston Celtics Score Big Points Against Spyware 7.1 System Vulnerability and Abuse 7.2 Business Value of Security and Control 7.3 Establishing a Framework for Security and Control 7.4 Technologies and Tools for Protecting Information Resources 7.5 Hands-on MIS Projects Business Problem-Solving Case: Are We Ready for Cyberwarfare? BOSTON CELTICS SCORE BIG POINTS AGAINST SPYWARE While the Boston Celtics were fighting for a spot in the playoffs several years ago, another fierce battle was being waged by its information systems. Jay Wessel, the team’s vice president of technology, was trying to score points against computer spyware. Wessel and his IT staff manage about 100 laptops issued to coaches and scouts, and sales, marketing, and finance employees, and these...
Words: 21009 - Pages: 85
...a plastic guitar-shaped controller. Players press colored buttons along the guitar neck to match a series of dots that scroll down the TV in time with music from a famous rock tune, such as the Ramones’ “I Wanna Be Sedated” and Deep Purple’s “Smoke on the Water.” Players score points based on their accuracy. In November 2007, Harmonix released Rock Band, adding drums, vocals, and bass guitar options to the game. Rock Band has sold over 3.5 million units with a $169 price tag (most video games retail at $50 to $60). In 2006, Harmonix’s founders sold the company to Viacom for $175 million, maintaining their operational autonomy while providing them greater budgets for product development and licensing music for their games. Harmonix’s success, however, did not come overnight. The company was originally founded by Alex Rigopulos and Eran Egozy in 1995, focused around some demo software they had created in grad school and a company vision of providing a way for people without much musical training or talent to experience the joy of playing and creating music. The founders believed that if people had the opportunity to create their own music, they would jump at the chance. Their software, which they eventually dubbed The Axe, provided basic music composition tutorials and allowed participants to use a joystick to improvise solos along to popular music tracks. They attempted to market their creation through an interface with Japanese karaoke machines, a demo package deal with Intel...
Words: 25518 - Pages: 103
...a plastic guitar-shaped controller. Players press colored buttons along the guitar neck to match a series of dots that scroll down the TV in time with music from a famous rock tune, such as the Ramones’ “I Wanna Be Sedated” and Deep Purple’s “Smoke on the Water.” Players score points based on their accuracy. In November 2007, Harmonix released Rock Band, adding drums, vocals, and bass guitar options to the game. Rock Band has sold over 3.5 million units with a $169 price tag (most video games retail at $50 to $60). In 2006, Harmonix’s founders sold the company to Viacom for $175 million, maintaining their operational autonomy while providing them greater budgets for product development and licensing music for their games. Harmonix’s success, however, did not come overnight. The company was originally founded by Alex Rigopulos and Eran Egozy in 1995, focused around some demo software they had created in grad school and a company vision of providing a way for people without much musical training or talent to experience the joy of playing and creating music. The founders believed that if people had the opportunity to create their own music, they would jump at the chance. Their software, which they eventually dubbed The Axe, provided basic music composition tutorials and allowed participants to use a joystick to improvise solos along to popular music tracks. They attempted to market their creation through an interface with Japanese karaoke machines, a demo package deal with Intel...
Words: 25169 - Pages: 101
...another economy (Xu, 2014). For many years, China has grown to be one of the most attractive countries for foreign direct investments of almost every present organization in the world.. Despite the rise in labour costs and shortages of skilled labour along with greater competition faced by foreign firms in the China market since 2008, China has still succeeded in continuously attracting more FDI as compared to other developing countries. This essay while relating to certain FDI theories (Eclectic theory) will further discuss the general factors that has led to the increase of FDI in China despite many challenges over the years as well as using a firm such as Gap Inc. as a case example to show the main specific factors which influenced the company to undergo FDI in China. As China's population nears 1.4 billion people (Xinhua, 2010), there are many general 'pull' factors contributing towards the increase of FDI in China. One of the factors would be country's market size as accordance to Cheng & Kwan (2000) whom agreed that market size does attract FDI in China. China's large market size potentially creates huge domestic demand that provides greater opportunity for foreign firms to undergo FDI as firms access into a larger customer base would be made easier, allowing them to increase their productivity and profit of the business. This is supported by Faheem, Dost, Hussnain, Izhar, Raza & Shakeel's (2011) statement regarding the emergence of local economies of China in developing...
Words: 1990 - Pages: 8
...GLOBAL MARKET ASSESSMENT FOR HANDICRAFTS VOLUME I FINAL DRAFT JULY 2006 This publication was produced for review by the United States Agency for International Development. It was prepared by Ted Barber and Marina Krivoshlykova of Development Alternatives, Inc. GLOBAL MARKET ASSESSMENT FOR HANDICRAFTS VOLUME I FINAL DRAFT The authors’ views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. FOREWORD This paper was written as part of the Accelerated Microenterprise Advancement Project (AMAP) Business Development Services Knowledge and Practice (BDS K&P) research initiative. The AMAP BDS initiative’s major objective is “integrating micro and small enterprises into productive value chains to create wealth in poor communities.” The research draws on experience and insights from: • Interviews with leading handicraft buyers in the United States, the European Union, and the Caribbean, including importers and retailers currently sourcing from Haiti, those who have done so in the past, and those who source handmade products from other destinations; • Interviews with market experts, such as product development consultants, designers, enterprise development consultants, and marketing specialists who work with handicraft producers in developing countries; • Discussions with market experts and USAID at a roundtable conducted in Washington...
Words: 33700 - Pages: 135
...Module 1 Financial Accounting for MBAs ------------------------------------------------- DISCUSSION QUESTIONS Q1-1. Organizations undertake planning activities that shape three major activities: financing, investing, and operating. Financing is the means a company uses to pay for resources. Investing refers to the buying and selling of resources necessary to carry out the organization’s plans. Operating activities are the actual carrying out of these plans. Planning is the glue that connects these activities, including the organization’s ideas, goals and strategies. Financial accounting information provides valuable input into the planning process, and, subsequently, reports on the results of plans so that corrective action can be taken, if necessary. Q1-2. An organization’s financing activities (liabilities and equity = sources of funds) pay for investing activities (assets = uses of funds). An organization’s assets cannot be more or less than its liabilities and equity combined. This means: assets = liabilities + equity. This relation is called the accounting equation (sometimes called the balance sheet equation), and it applies to all organizations at all times. Q1-3. The four main financial statements are: income statement, balance sheet, statement of stockholders’ equity, and statement of cash flows. The income statement provides information about the company’s revenues, expenses and profitability over a period of time. The balance sheet lists the...
Words: 8888 - Pages: 36
...MasterCard Incorporated Company Profile Publication Date: 17 Jun 2011 www.datamonitor.com Europe, Middle East & Africa 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7551 9090 e: euroinfo@datamonitor.com Americas 245 5th Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Asia Pacific Level 46 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8088 7405 e: apinfo@datamonitor.com MasterCard Incorporated ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities...
Words: 8789 - Pages: 36
...COMMUNITY DEVELOPMENT PRACTICE TEAMING UP TO BRAND AND BOND: Timberland Partners with City Year, SOS, and SkillsUSA is fast becoming an essential business competency. Many companies are coming to find that developing the economic assets and social and human capital of low-income communities pays dividends to the bottom line. In the short and long term, this kind of strategy develops untapped markets, new labor pools, effective suppliers, and new operating sites. Leading businesses find that integrating business and community development creates new pathways to achieve longterm sustainable success—a “win-win” proposition for the business and the community. In this series we profile examples of this integrated approach across a range of industry sectors. Timberland strengthens its brand identity through partnerships that promote social justice and a service ethic worldwide. In 1989, the nonprofit youth service corps City Year asked Timberland to donate 50 pairs of work boots for young adults serving their communities. That request sparked a relationship based on a shared vision of making a difference in the community, and set Timberland on a trajectory of a growing commitment to community service. THE BUSINESS CHALLENGE In the 1980s, Timberland was an entrepreneurial, high-growth company aspiring to grow into a larger-scale enterprise. Accomplishing that transition would require radical reform. Concurrently, but in a separate initiative, Timberland forged a strong...
Words: 4078 - Pages: 17
...BUS 403 : Crafting and executing Strategy 2/6/2013 | | Part i | Organizational Analysis | Bus | Table of Contents | Executive Summary...........…………………………………………………………………….2 Business Overview…………...………………………………………………………………...2 Organizational Strategies…………...……………………………………………………...3 Organizational Design and Effectiveness……………………………….………………4 Organizational Structure……. ...…………………………………………………………...5 External Environment………………………………………………………………………6 Internal Environment…………………...……………………………………………………8 Organizational Design for an International Environment……………………….….9 Products and Service……………………………...………………………………………...9 Information Technology and Control Systems………………….……………………..10 Company Size, Life Cycle and Possible Declines………………………………………..11 Organizational culture…………………………………………………………………...12 Ethical value…………………………………………...…………………………………...14 Decision making processes……………………………………...…………………………...17 Conflict, power and politics…..…………………………………………………………..18 Brief Summary of Key Findings……………….……………………………………………...20 References.……………………………………………………………………………..………21 Executive Summary This report is an organizational analysis of The Gap Inc. and its portfolio members. It describes a brief overview of the company to where it is now. It also outlines the major brands that are under gap inc. such as Banana Republic, Old Navy, Athleta, and Piperlime. The strategies section goes through a brief analysis of the company under Miles and Snow typology,...
Words: 8104 - Pages: 33
