Preview

Freshdirect Paper

Powerful Essays
Open Document
Open Document
1537 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Freshdirect Paper
Introduction

FreshDirect is an online grocery store, which is founded in 2001 by Joseph Fedele and Jason Ackerman. FreshDirect has five districts in New York City, as well as some areas in the state of New Jersey and Connecticut to conduct business, which offers online grocery shopping and delivery services to more than 300 zip codes, also offers pickup services at its Long Island City facility. FreshDirect cargo truck now has become one of the hallmarks of the Manhattan area. With its strong customer tracking service system, FreshDirect becomes one of the most successful online grocery stores in North America. As Joseph Fedele and Jason Ackerman claim that FreshDirect is the new way to shop for food, which could bring a lot of convenience to customers, and also promise that their products are at higher quality with lower prices. In all, the mission of FreshDirect is not only to give the customers the best food and service, but also committed to helping customers to save time in stores.

General Environment
Focus on the future, the general environment dimensions have this order of importance: economic segment (opportunity), technological segment (opportunity), demographic segment (opportunity), sociocultural segment (opportunity), global segment (threat), and political/legal segment (threat).The top three segments for FreshDirect are demographic, technological, and economic. FreshDirect has great opportunity to sell their products to people through the internet, and online techonogical segment attract lots of customers who prefer to be convenient. On the other hand, FreshDirect also has threat to limit their shipping service area which is note service for international and other states.

Economic segment (opportunity):
Economics always play an significant role in an company, bring shows the profits and development of this company. As early as in 2003, it has succeeded in financing the $31 million which included $15 million supported by the American

You May Also Find These Documents Helpful

  • Better Essays

    FreshDirect is an online grocery store that that provides shopping experiences and services to the vicinity population around the metropolitan area of New York (Dess, Lumpkin, Eisner, & McNamara, 2012, p. C125). Jason Ackerman and Joseph Fedele cofounded FreshDirect in 2001. FreshDirect serves thousands of customers around the New York area, and in 2010 it brought an approximate profit of over $250 million, demonstrating a surge of $20 million from the previous year (Dess et al., 2012, p. C126).…

    • 1287 Words
    • 6 Pages
    Better Essays
  • Good Essays

    week 3 case study

    • 1159 Words
    • 5 Pages

    Fresh Direct is an online grocery launched in 2001 that offers shopping and delivery services to around 300 zip codes in the tri state area of New York (www.freshdirect.com). The current CEO of Fresh Direct is Mr. Jason Ackerman, who is also a cofounder of the firm, whilst the chairman is Jim Manzi. Fresh Direct serves over 600,000 customers, and in 2010 it claimed revenues of more than $250 million, representing an increase of $20 million from the previous year (Bloomberg BusinessWeek, 2012).…

    • 1159 Words
    • 5 Pages
    Good Essays
  • Better Essays

    * The transformation/conversion process includes many value-added activities that come full-circle to equate to a business format. In this case, I will be discussing the retail format of Fresh & Easy throughout the transformation/conversion process. There are two types of markets: a pull- based (market is demanding your product) and a push-based (pushing your product out to the market). Fresh & Easy is a great example of a push-based market where they are “pushing” their products out to…

    • 1802 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Company: The company has considerable levels of equity and is not maximizing its financial structure. It is capable of taking on…

    • 865 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Home depot paper

    • 555 Words
    • 3 Pages

    From the start, associates were able to offer the best customer service in the industry, guiding…

    • 555 Words
    • 3 Pages
    Powerful Essays
  • Satisfactory Essays

    The Timken Company

    • 4910 Words
    • 20 Pages

    meet both the investment and the financing objectives of the Timken Company. In that regard,…

    • 4910 Words
    • 20 Pages
    Satisfactory Essays
  • Better Essays

    Grocery Paper

    • 2237 Words
    • 9 Pages

    Grocery, Inc., is a retail grocery store chain with stores located throughout the United States. The organization has contract with many vendors authorizing the store to sell the vendors products. There are many laws and guidelines that Grocery, Inc. must follow. We will review many different scenarios that the store may encounter and some the laws that they must abide by.…

    • 2237 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Case Study Fresh Direct

    • 1549 Words
    • 7 Pages

    FreshDirect is an online grocery store that launched in 2001 offering shopping and delivery service to more than 300 zip codes in the New York tri state area. The company’s current CEO is Jason Ackerman, who is also one of its cofounders along with Joseph Fedele. In 2010 FreshDirect reported revenue of more than $250 million an increase of $20 million from the previous year and had grown its customer base 20 to 25 percent (Dess et al., 2012, p. C126).…

    • 1549 Words
    • 7 Pages
    Better Essays
  • Good Essays

    As we can see from the figures and the information given in the present case, the company is very profitable due to the ambition and well management done by its owner Mr. Jones. In this regard, we can see in “Table 2 in the spreadsheet”, that the company is taking advantage of the 2% discount offered by suppliers saving around $75,000.00 per year.…

    • 1070 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    During the growth, the first challenge of every developing company is money, that is, finding source of capital. It’s difficult to find investors, but more difficult to convince…

    • 619 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Target Business Strategy

    • 515 Words
    • 3 Pages

    A Target brand gets given priority and is recently that most demanding of all brands you will find on the online network and make your way to be searched to find items you are eager to buy online through the web. It…

    • 515 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Cadbury Vrio

    • 840 Words
    • 4 Pages

    The Debt/Equity ratio of the company is as low as 0.02%. This ratio is negligible and it can be said that it is almost an all equity company. Because of such a capital structure of the company, it gives the signal of a safe investment. The risk associated with the company will be low and hence it will be able to raise additional debt as well as equity with reasonable ease. However, we suggest that the company can take the benefit of financial leverage by raising debt in case of future capital requirements. It is outstanding that the company has huge Reserves and Surplus and hence they can fund projects through Internal Equity.…

    • 840 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Reseach Paper

    • 479 Words
    • 2 Pages

    "The Most Important single ingredient in the formula of success is knowing how to get along with people." - Theodore Roosevelt…

    • 479 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Favorite Brand Paper 1

    • 760 Words
    • 3 Pages

    Sony Corporation has established an excellent long-term connection with consumers worldwide. This organization is known for offering credit to…

    • 760 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Background Of The Study

    • 1096 Words
    • 4 Pages

    In 2nd quarter of 2002, the husband and wife team approached AB KREST Lending Investor, its primary financier, to form the company into a corporation and offered the majority ownership with an objective of improving its management system and financial health. In November 2002, a group of investors, from Herrera-Algozo family and AB KREST Lending Investor, bought into the company getting 80% of ownership through dept-to-equity conversion.…

    • 1096 Words
    • 4 Pages
    Satisfactory Essays