Case study
CASE STUDY # 1
Case Study #- Read the article from STORES MAGAZINE on the 2013 Top Retailers and Answer the following questions:
Read and review the above chart and article regarding the 2013 Top Retailers and discuss the current state of the retail business.
In your write up include the following:
Ø Discuss 3 factors influencing sales results overall
1. Point of Differentiation – In business economics, differentiation is seen as an important strategic move for companies to make.
2. Building In-store and Online – Incredible convenience, price comparison, infinite choice.
3. Convenience, Price Stability – A situation in which prices in an economy don't change much over time. Price stability would mean that an economy would not experience inflation or deflation. It is not common for an economy to have price stability.
Ø Which store had the best performance (based on % increase) in each category Department Store, Store is the Brand. Mass Market, Category Killers, Warehouse Clubs and Discount Stores/Off Price. Explain why. Refer to the Retail Chart by Distribution for store classifications to determine the stores in each category. You may need to consult other references for additional information to answer this question.
1. Department Stores
· Good/Midtier – out of JC Penney, Kohl’s, Sears I would say Kohl’s had the best performance for the year (the only store to stay out of the negative)
· Better – out of Macy’s, Belk, and Dillard’s; Macy’s beat out the competition by .01%.
· Best – out of Nordstrom’s, Neiman-Marcus, Saks, Bloomingdales; Nordstrom’s would take the lead with a whopping 6.7 gain for the year.
2. Store Is the Brand
· Out of Victoria’s Secret, Ann Taylor, Gap, Limited, Banana Republic, it goes to Victoria’s Secret for keeping L Brands looking lovely.
3. Mass Market
· Out of Wal-Mart, K Mart, and Target, Wal-Mart had the biggest gain out of the three
Case Study #- Read the article from STORES MAGAZINE on the 2013 Top Retailers and Answer the following questions:
Read and review the above chart and article regarding the 2013 Top Retailers and discuss the current state of the retail business.
In your write up include the following:
Ø Discuss 3 factors influencing sales results overall
1. Point of Differentiation – In business economics, differentiation is seen as an important strategic move for companies to make.
2. Building In-store and Online – Incredible convenience, price comparison, infinite choice.
3. Convenience, Price Stability – A situation in which prices in an economy don't change much over time. Price stability would mean that an economy would not experience inflation or deflation. It is not common for an economy to have price stability.
Ø Which store had the best performance (based on % increase) in each category Department Store, Store is the Brand. Mass Market, Category Killers, Warehouse Clubs and Discount Stores/Off Price. Explain why. Refer to the Retail Chart by Distribution for store classifications to determine the stores in each category. You may need to consult other references for additional information to answer this question.
1. Department Stores
· Good/Midtier – out of JC Penney, Kohl’s, Sears I would say Kohl’s had the best performance for the year (the only store to stay out of the negative)
· Better – out of Macy’s, Belk, and Dillard’s; Macy’s beat out the competition by .01%.
· Best – out of Nordstrom’s, Neiman-Marcus, Saks, Bloomingdales; Nordstrom’s would take the lead with a whopping 6.7 gain for the year.
2. Store Is the Brand
· Out of Victoria’s Secret, Ann Taylor, Gap, Limited, Banana Republic, it goes to Victoria’s Secret for keeping L Brands looking lovely.
3. Mass Market
· Out of Wal-Mart, K Mart, and Target, Wal-Mart had the biggest gain out of the three