Strategy initiative 4 Mission…………………………………………………………….. 5 2.KOHL’S………………………..………… ………..……………………5 Strategy initiative 5 Mission 6 3. Macy’s 6 Strategy initiative 6 Mission 7 4. Sears 7 Strategy initiative 7 Mission 8 INTRODUCTION 8 EXTERNAL ENVIRONMENT ANALYSIS 9 Demographic Segment 9 Age structure 10 Ethnic Mix 10 Income Distribution 10 TABLE
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/ FIN 554 Professor Greg Garay January 17‚ 2006 Table of Contents Abstract 3 Strategic Financial Management ..4 Working Capital Management .4 The Kmart Corporation Debacle ..5 Long-Term and Short-Term Strategies .. 6 Financial Performance . 7 To Merge or Not to Merge ...7 Reasoning for the Merger
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Saguy Introduction Kmart Corporation‚ incorporated in May 1916‚ is a chain of discount retail stores and a general merchandise retailer‚ headquartered in the United States‚ with store locations in all 50 states‚ as well as Puerto Rico. Kmart went through significant changes in the last 10 years: In 2002 a scandal similar to that of Enron‚ Kmart’s management was accused of misleading information. In 2003‚ after filing for chapter 11‚ it emerged as a new corporation‚ closing hundreds of stores
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I. Nature of the Organization Kmart‚ affiliated with the Sears Holding Corporation‚ competes within the retail industry. As part of their mission‚ Kmart is committed to building lifetime relationships by offering quality products and services at discounted prices. Kmart’s products range from groceries to clothing‚ and services varying from layaway to leasing. Kmart aims to give their customers the well-rounded experience from the moment they walk through the door to thanking them at the end of
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Communications of the Association for Information Systems (Volume 11‚ 2003)79-93 79 CUSTOM MADE APPAREL AND INDIVIDUALIZED SERVICE AT LANDS’ END Blake Ives Information Systems Research Center University of Houston blake.ives@uh.edu Gabriele Piccoli Cornell University ABSTRACT The case describes a hugely successful example of IT-driven strategy‚ the Lands’ End custom tailored apparel initiative. In less than a year‚ 40% of Lands’ End customers buying chinos and jeans from the firm’s web site
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Louisiana from its plan and headquarters in Dallas‚ Texas. 11 countries in Dallas-Fort worth (DFW) metropolitan area is the major business and financial center in the company’s southwestern service area. Competition in this market increased with Sears and Kmart stores‚ as well as Sherwin-Williams and Home Depot paint stores. Competition has also increased in paint stores‚ lumberyard and hardware stores. The estimated dollar volume of architectural paint and allied products sold in Jones Blair’s
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CONTEXT (p.1) DATA * David Glass (CEO); Don Soderquist (COO) * ROA= 33% ; Sales growth= 35% * 1993. market value= $57.5 billion * Sales/square foot= $300 vs. $210 of competitors * Total sales: $16B (1987) → $67B (1993) * Earnings quadrupling: $628 million → $2.3B * Revolutionized many aspects of retailing + heavy investment in information technology. * Main Challenge: “HOW TO SUSTAIN THE COMPANY’S PHENOMENAL PERFORMANCE.” * Growth in 1993: (7%–8%) range‚
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The Kmart Corporation is a discount store focused selling a great product. Kmart provides a variety of products‚ services‚ and great prices for every type of customers. These products include clothing‚ appliances‚ toiletries‚ pharmacy‚ electronics‚ tools‚ linen and houseware. The achievement of being the third largest discount store in the United States and focus on bringing great products and services to customers. Business‚ Product‚ and Customers: Mission Statement. Kmart Corporation is designated
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Corporate Governance & Board of Directors The Corporate Governance of any business is the relationship among the board of directors‚ management and shareholders to help in determining the path and performance of the corporation (Hunger & Wheelen‚ 2007‚ p. 18). Although laws and standards vary‚ the board of directors is: · Those who set the overall path‚ vision and mission within the business. · Those who make the decisions to hire and‚ or fire any top management member (Hunger & Wheelen‚ 2007
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On January 22‚ 2002‚ Kmart filed for Chapter 11 bankruptcy protection. It was the largest retailer ever to do so and shocked many people. Kmart had made retail history when its founder‚ the Kresge “five and dime store” chain‚ invented the concept of the discount store. The first Kmart was established in Detroit in 1962‚ the same year Wal-Mart opened its first store in Rogers‚ Arkansas. By the end of 1963 Kmart had 63 stores converted from Kresge’s. In the following years‚ however‚ Wal-Mart expanded
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