Retail Giants: JCPenney vs. Target Kelly Greenwood October 2, 2011 Columbia College JCPenney: History In business since April 1902, when James Cash Penney opened “The Golden Rule, a dry good and clothing store in Kemmerer, Wyoming. Although the name of the store was changed to JCPenney, in 1907, the company’s “Golden Rule” philosophy (do unto others as you would have them do unto you) remains unchanged. In 1927, JCPenney was listed on the NY Stock Exchange. Currently, JCPenney operates 1
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Target: “From More” to “Pay Less” Gregory Tatum Saint Leo University Target: “From More” to “Pay Less” The central problem for Target is maintaining their goal of affordable prices against a weakening economy and competitors who have an advantage over them when it comes to price. Target got a shock during the 2008 economic slump. Consumers are supposed to "expect more, pay less" at Target. But during the slump, shoppers clearly opted for "always low prices" at
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Customer Relationship Management of Wal-Mart - January 20th, 2011 Wal-Mart Stores, Inc. (formerly branded as Wal-Mart, branded as Walmart since 2008) (NYSE: WMT) is an American public multinational corporation that runs a chain of large discount department stores and a chain of warehouse stores. In 2010 it was the world's largest public corporation by revenue, according to the Forbes Global 2000 for that year.[6] The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and
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Sears, Roebuck and Co. vs. Wal-Mart Stores, Inc 1. How do the retailing strategies of Sears and Wal-Mart differ? Walmart’s strategy is more of a cost leadership strategy and Sears has more of a product differentiation strategy. This fact can be derived from their income statements , as is observed that Sears in 1997 spent 23% ( percentage of its sales) on Selling and administrative costs yet Walmart spent only 16% ( as a percentage of it’s sales ) on the same income statement line.
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Inventory Systems Michael Asibu, Woodrow Lemon, Laura Moll, Jenessa Nagozruk, Brian Norton QRB/501 May 21, 2012 Ohidul Siddiqui Inventory Systems With the increasing demand to cut costs and increase revenues, developing the right inventory systems have become essential to compete in business. According to the Counselors to America’s Small Business, “Control of inventory, which typically represents 45% to 90% of all expenses for business, is needed to ensure that business has the right
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Walmart: Global Strategic Expansion - Executive Summary Since introducing its first international store in 1991, Walmart has transformed itself from an American retail giant into a global one, leveraging a wealth of resources to strategically expand operations. Although Walmart must contend with several formidable competitors, the retailer has successfully opened thousands of stores across the globe; most frequently, it has added international units through the acquisition of foreign retailers, which
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The fight against big stores, who is the real bully? ENG122: English Composition II Lucinda Ramon Instructor Iris Chao April 15, 2013 The fight against big stores, who is the real bully? Chain stores are often surrounded by criticism for destroying smaller stores which seems an ironic assessment considering the consumers themselves play such a vital role in their success. Not much is ever mentioned about the smaller stores that thrived as a result of the big stores. Big stores
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be enough to hold the American retailer off, as Carrefour still controls a greater portion of the local market. Although the merger with Carrefour seemed inevitable at this point in order to save the two mega retailers from the growing threat of Walmart, the Halley family would no longer be running the Promodes show. Paul-Louis Halley, caught in a moment of reflection, must wonder if this could have been prevented at a pivotal moment in the firms development, or if happenstance had all but guaranteed
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Organization of International Business Organizational architecture—(organization structure, control systems, incentives, processes, organizational culture and people) Organizational Structure • Organizational structure has three dimensions: 1. Vertical differentiation - determines where decision-making power is concentrated within a structure 2. Horizontal differentiation - the formal division of the organization into sub-units 3. The establishment of integrating mechanisms - the mechanisms
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regular consumers, considering that some of the dollar stores are located nearby. Increase Sales Target: To increase the current market share to 16%, sales target is set to 775Mn for 2011. It’s an increase of 95Mn. from 2010, on the assumption that total market size (4.74Bn) remains same. Focus and Maintain current Target Segment and Increase the Wallet Share: Continue focusing on the current target segment of affluent and older customers with smaller household size. Their wallet share is 8.93% only
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