Preview

Analysis Strategy Macy's

Powerful Essays
Open Document
Open Document
1617 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Analysis Strategy Macy's
Gambaran Umum Perusahaan Macy’s
(Pertumbuhan Macy’s dari tahun ke tahun)

* 1859. Macy's first-year sales were approximately $85,000 with an advertising budget of $2,800. * 1902. Macy's moves to Herald Square in New York City. * 1923. May Company acquire a department store company in Los Angeles, adding to its growing regional coverage in Akron and Cleveland, OH, and St. Louis. * 1930. Bloomingdale's joins Federated. First-year sales for Federated were $112 million. * 1996. Bloomingdale's opens its first California stores with four locations - three in the Los Angeles area and one in Palo Alto.www.macys.com is launched. * 2005. Federated begins operating nationwide under two store nameplates - Macy's and Bloomingdale's - as all regional department store names are converted to the Macy's brand. Macy's launches a new customer loyalty program, with escalating benefits for its largest customers, as it issues new credit cards for about 14 million accounts. Federated acquires The May Department Stores Company. The acquisition creates a stronger, more resourceful company with more stores nationwide. * 2008. Macy's began piloting a new localization initiative called “My Macy's” in 20 local markets as it consolidated three divisions - Macy's North into Macy's East, Macy's Northwest into Macy's West, and Macy's Midwest into Macy's South (creating a new Macy's Central division). The company celebrated Macy's 150th birthday on October 28. * 2010. Bloomingdale's opens in Dubai, the company's first international presence. Macy's ends the year with more than 1.2 million Facebook friends.

VISI DAN MISI PERUSAHAAN MACY’S

VISI
Our vision is to operate Macy's and Bloomingdale's as dynamic national brands while focusing on the customer offering in each store location.

MISI
Our goal is to be a retailer with the ability to see opportunity on the horizon and have a clear path for capitalizing on it. To do so, we are moving faster than ever

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Target market - Macy's do not have a specific target where it can fulfill everyone's wants no matter your ages and…

    • 89 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Kohl’s was originally founded as a grocery store these stores were opened in 1962. The first stores were in Brookfield Wisconsin. In 1972 they opened the first Kohl’s Department Stores. Kohl’s is only half the age of JC Penney being in business 51 years.…

    • 1192 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    A strong operating performance is one of Nordstrom’s biggest strengths. Nordstrom displays a steady revenue growth, which is caused by the strength of Nordstrom full-line stores as well as the growing online business and improvements to Nordstrom Rack stores. Due to the strong operating performance, Nordstrom gains more confidence from investors than their competitors. Multi channel operations are also a strength that Nordstrom displays. Products are available through the company’s full-line stores, discount stores ‘Nordstrom Rack’, ‘Jeffrey’ boutiques as well as the internet allows the company to improve sales and inventory turnover. Nordstrom also allows customers to purchase items online and then pick the items up at a store the…

    • 612 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Macy's Case Study

    • 546 Words
    • 3 Pages

    The main intention of this program is to generate repeat purchases from customers. In addition, it allows the company to obtain information from clients with the purpose of using that information to send the customers promotions or coupons to generate more repeat purchases. Moreover, the program seeks to develop a need or want over time for its products and services after the consumer benefits from using the initial discounts and offers. So, the company tries to create a purchase behavior from the consumer by increasing purchasing the chances of repeat purchases from customers. As a result, the company expects for consumers to increase their purchasing behaviors toward the company without having to provide any reward, coupons, or promotional…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Nordstrom vs. Macy's

    • 1282 Words
    • 6 Pages

    The next big decision came in 1966 when it was decided that the Nordstrom 's shoe store in Portland would begin selling clothing as well. This marked a pivotal change in direction for Nordstrom’s. After the success of the Portland store, it was decided to implement the idea in the other stores.…

    • 1282 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Jc Penney

    • 2425 Words
    • 8 Pages

    The retail industry has always been a large portion of the U.S. economy. In 2012, the industry had nearly one million stores and accounted for four trillion dollars in revenue. An estimated two-thirds of the U.S. GDP comes from retail consumption. Therefore, the development and prosperity of the retail industry is a leading indicator of the United States’ economy. There are eight segments in the retail industry, which are apparel, catalog and mail order, department and discount, drugs, grocery, home improvement, specialty, and technology. Because of the big impact of the recession starting from 2008, all the stores in the segment of department and discount, which is where JCPenney is placed in the retail industry, had a combined annual revenue of merely $198 billion in last year. In addition, the growth rate of that has remained negative through out the past four years and is expected to continue to be negative in 2013.…

    • 2425 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Nordstrom Vs. Technology

    • 329 Words
    • 2 Pages

    The retail industry is rapidly changing due to technology advancements and consumer demand. Consumers have shifted to ecommerce spending rather than with brick and mortar stores. Nordstrom, a leader in the retail industry, is facing growth issues in retaining consumers under this transition. Despite this major shift in ecommerce spending, Nordstrom has been able to tap into the market by offering a seamless online shopping experience, similar to the experience customers receive in store. Bloomingdales and Macy’s, Nordstrom competitors, are also facing these issues but are less successful in adaptation. The overall trend will force expansion in their online presence, to mitigate the risk of market share loss. Amazon,…

    • 329 Words
    • 2 Pages
    Good Essays
  • Good Essays

    BUS 620 Week 3 DQ 1

    • 411 Words
    • 2 Pages

    Branding Nordstrom. After reading the article “Conservative Nordstrom to sell trendy Topshop fashions,” respond to the following:…

    • 411 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Macy is a top company in the Retail Industry specialized has a chain of mid-range American department stores which deals with product such as clothing , footwear , bedding ,furniture , jewelry ,beauty product and house wares . It common business activity and principal product or commercial enterprise are classified as being part of the Retail Industry…

    • 549 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Nordstrom Essay

    • 1313 Words
    • 6 Pages

    Nordstrom’s ample understanding of consumer behavior has helped the company grow immensely over time. A main reason is Nordstrom’s philosophy. Nordstrom focuses on empowering the managers and sales force to make decisions that favor the customer, not the company. By focusing on the customer, they were able to retrieve information necessary to expand the business. For example, Nordstrom’s realization of a market for women’s clothing pushed them to expand beyond their small shoe store. They were able to be successful with this due to their marketing research on women and their understanding…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Macy's Growth Trends

    • 557 Words
    • 3 Pages

    is one of the nation’s premier retailers (Macy’s Co. 2017). With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 125 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage (Macy’s Co. 2017). Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com (Macy’s Co. 2017). Their two competitors are Dillard’s and Lord & Taylor and they seek to bring in customers by being able to offer superior product selections. Macy’s is recognized as a retail industry leader in developing private brand merchandise that differentiates the assortments in our stores and delivers exceptional value to the customer (Macy’s Co. 2017). Merchandise for each private brand, available “Only at Macy’s,” is developed to appeal to a certain customer lifestyle and is supported with marketing programs that create a precisely defined image (Macy’s Co. 2017). Our brands have fully developed brand profiles targeted to specific consumers and are supported with national advertising and branded in-store environments (Macy’s Co.…

    • 557 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Bcom230

    • 803 Words
    • 4 Pages

    Macy’s exists as an international brand of department stores known not only for its Thanksgiving Day Parade but also known for its diversity, charity, exquisite customer service, and top-quality merchandise. Macy’s espoused philosophy, vision, and mission statements seem to match with their enacted values.…

    • 803 Words
    • 4 Pages
    Good Essays
  • Good Essays

    John Lewis

    • 1684 Words
    • 7 Pages

    A chain of Retail stored, based in Great Britain, first opened its store in 1864 in Oxford Street, London.…

    • 1684 Words
    • 7 Pages
    Good Essays
  • Good Essays

    The first time I attended Macy ‘s Herald Square on W 24th St I was a junior in high school. My fashion merchandising and management 1B class went there on a field trip to acquire some of their history and information on what it takes to run such a large retail store. When our tour guide was finished we had free time to explore the store. I remember wanting to shop but being too overwhelmed because I wasn’t looking for anything particular and couldn’t decide where to start or where to go. At the end of the day I didn’t purchase anything. Although I was amazed a retail store could be 3 acres, I realized that day I prefer smaller retail stores. I wasn’t back to Macy’s Herald Square until I began going to FIT in fall 2015. I went back with my…

    • 378 Words
    • 2 Pages
    Good Essays
  • Best Essays

    In 1891, Burberry opened the first store in London and international store was opened in Paris by 1910. In 1920 Burberry entered Japan market and cooperated with local retailers.…

    • 2572 Words
    • 11 Pages
    Best Essays