Preview

Macy's Competitor Analysis

Powerful Essays
Open Document
Open Document
1497 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Macy's Competitor Analysis
“A Comparison of Competitors’ Websites” The retail industry such as Men’s Wearhouse, Macy’s, Burlington, and Express operate websites and are part of a highly competitive industry. They contend with local, national, and global online retailers that bring comparable products and offer comparable services. Consumer opportunities in retail are shifting quickly with online retail stores, with an innovative future, which includes speed, convenience, and personalized mobile access. The change to e-commerce is pervasive to traditional retailers that must adjust their growth strategies, or risk a downturn in business. Whereas retail is ever expanding within e-commerce, retailers do offer different products and services in order to promote their …show more content…
The needs and wants of targeted consumers have to converted into a solid mix of product, price, promotion and distribution. Men’s Wearhouse growing positions is based on a single segment strategy. By focusing resources on men’s wear with a clear customer base, they have developed a target market towards men in their early twenties to mid-forties, which is quickly growing. Whereas, Burlington outlets target market is the middle-class consumer who is value-conscious, and Macy’s target market is the middle class, Hispanic population, and the millennial. In contrast to the Express target market, which is young men and women between the ages of 20 to 30 years old. Men’s Wearhouse are known for selling designer suits and active wear to men. All four companies have positioned themselves to create an image in the minds of the targeted customer, however these companies are targeting different segments of the retail market, and their e-commerce websites have different designs, interactivities and promotions targeting their customers. The advantage that Men’s Wearhouse has over the other companies mentioned earlier is that they are a “specialty store” that caters to one group; men; and that gives them the opportunity to concentrate their market on that particular market segment and to be able to do it …show more content…
For example, all four companies use hypermedia communication for a customer interaction experience. Case in point, when the cursor browses over a name or images, there is a link to another image, text or video. This activity involves the customer and makes their visit memorable. Another form of interactivity these companies offer is self generating content such as surveys, forms, and social media that allows the visitor to share information with other customers. Express offers social media, and mobile alerts. Whereas, Burlington offers a baby registry, social media, blog, and Macy’s offers wedding registry, mobile app, social media, sign up for email, and web browsing for visually impaired customer. The company Express, Macy’s and Burlington Coat Factory target both men and women; whereas Men’s Warehouse only targets male customers. Macys also is shipping orders internationally to over one hundred countries the same as Men’s Wearhouse. Burlington's marketing lacks international marketing as there is no mentioning of international shipping rates. Burlington’s website appears to target more women shoppers as most of the pictures they have on the main website are of women and children; the fact that mother’s day is approaching makes a difference in their marketing. They know women shoppers buy for their families as well as for themselves. Like Men’s Wearhouse, Macy’s also has a

You May Also Find These Documents Helpful

  • Powerful Essays

    The Hudson’s Bay Company (HBC) and Target Corporation (Target) operate department stores in the highly competitive and fragmented North American merchandise and retail industry. In Canada, department stores account for 13.7% of retail sales as opposed to American department stores representing 8.5% of U.S. retail sales. With department store sales in the U.S. The low percentage of department store sales can be attributed to increased competition from big-box retailers, warehouse clubs and e-commerce websites. As a result, traditional department stores are being squeezed out of the broader retail industry. Thus, they must capitalize on high margin products and have goods available for online purchase to increase revenue growth. In addition, department stores are faced with the threat of volatile consumer spending, driven by the level of disposable income, brand equity, trends and seasonality. Department stores must predict fashion trends and time the release of goods according to seasonal trends to successfully attract consumers.…

    • 3605 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    Mary Kay Inc.

    • 361 Words
    • 2 Pages

    2. Go to the Web sites of JCPenney, http://www.jcpenney.com, and Target, http://www.target.com. Compare which is more product-focused and which is more brand focused. Which company’s approach do you think will appeal more to the “Holy Grail” target market of 25- to 35-year-old women?…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Target Strategic Audit

    • 15483 Words
    • 83 Pages

    The external analysis reveals that Target Corporation must address the threat of a growing online and mobile commerce (e/m-commerce) market. Shoppers’ behavior and the accompanying technology are evolving. Sociocultural and technological trends in e/m-commerce support findings that online retail sales will account for 10% of total U.S. retail sales, $370 billion. E/M-commerce is expected to reach over $100 billion by 2017.…

    • 15483 Words
    • 83 Pages
    Powerful Essays
  • Powerful Essays

    With our main objective in mind, we have proposed an Integrated Marketing Campaign that is geared towards our target market of young adults. By choosing alternate forms of media that appeal more to our younger target market, we can place Macy’s in these customers’ evoked set. For example, we plan to use media outlets such as social media websites, television, magazines targeted to young adults and direct marketing through email. A main feature we have outlined in this plan is an Interactive Dressing Room on the Macy’s website which will grab the attention of our technologically savvy target market and hopefully form lasting relationships with the company.…

    • 6813 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Macy 's Inc., is a federated department store that was founded in nineteen century in…

    • 591 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The apparel store industry within the USA is a highly competitive market, consisting of number of companies that are willing to fight for their share of the market. To remain afloat in this business, corporations must be highly innovative, price-conscious, knowing the trend, and with great responses to consumer needs. Each company within this industry must be aware of the competitors’ move, trying to match every trends and benefits offered by another, in order to steal the average consumers. Market-alertness is the key to survival; each company must balance marketing strategies and customer-service, responding to consumer demands within the shortest processing time possible. This paper shall provide an analysis of the apparel store industry through Urban Outfitters, Inc.…

    • 3773 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    For women’s clothing alone, there are 14 clothing options ranging from teenage apparel, to elegant ballroom attire. The multiple departments within the Nordstrom store cause the target market for a single Nordstrom store to range across a broad spectrum of potential buyers. While each of the target markets differs substantially depending on the…

    • 1651 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Organizational Presence

    • 1186 Words
    • 5 Pages

    Retail vs. Online Shopping: "Click and mortar" Retailers Posing as Competition to "Pure-play" E-tailers. (2007). Retrieved January 15, 2010, from http://www.ocf.berkeley.edu/~rls/retailOnline.index.html…

    • 1186 Words
    • 5 Pages
    Best Essays
  • Good Essays

    “The difference between the winners and losers in retail increasingly comes down to one factor: tech savvy” (Sherman, 2012). The retail marketplace is increasingly competitive and therefor undergoing constant change to attract and convert consumers. According to the survey conducted by the retail consulting firm RSR, “firms that outperform industry averages for annual same-store sales comparisons tend to use and understand specialized computer software tools to manage specific aspects of merchandising” (Sherman, 2012).…

    • 708 Words
    • 3 Pages
    Good 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

    Potential New Entrants- there are many well-known national chain retail department store firms, many of whom have a long standing history of serving the public. Firms in business for 100+ years include Macy’s, JCPenney and Sears. There are new firms who have entered this industry in past decades such as Target. These firms offer a wide spectrum of shopping experiences to consumers, offering products of various levels of quality and various price points. These firms have customized their marketing approach to appeal to those specific consumers. A customer-driven organization begins its overall strategy with a detailed description of its target market: the group of people toward whom the firm aims its marketing efforts and its merchandise. On the bottom end of the spectrum you find warehouse style, self-service, cheap quality at low prices from a retailer such as Wal-Mart. On the high-end you have a visually stimulating shopping experience with better bands and personalized service you come to find at retailers such as Macy’s.…

    • 1441 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    The clothing retail industry has faced challenges that few have overcome; those that do have developed innovative managerial practices to inspire their human resources and empower their ability. Men’s Wearhouse mastered the niche; however, faced with their expanding growth, new challenges crop up and demise lurks. Men’s Wearhouse specializes in men’s apparel and custom tailoring. They have had notable success generating revenue and gaining a solid grasp on the market share. Men’s Wearhouse experienced massive growth between 1991 and 1996. From its opening in 1973, to its going public in 1991, the company had increased to 85 stores. In the five years after going public, the company saw their store number increase by over 400% to 345 stores nationwide (Stanford Graduate School of Business, Case HR-5, 2010, p. 2)…

    • 2866 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    Nordstrom’s business decisions in response to changes in the market have focused in reaching younger customers and an omnichannel emphasis. A problem many high end retailers face is maintaining the millennial customer who may not always be able to buy high priced designer consistently. Luckily Nordstrom Rack, Nordstrom’s outlet, appeals to young customers who are seeking deals. In today’s market, positive customer relationships is huge in gaining customer traffic due to gaining returning shoppers who will spread positive information to other potential shoppers. Since Nordstrom Rack appeals to a younger shopper, the likelihood of them become a Nordstrom customer is high and they will have nothing but great things to say about the company.…

    • 263 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Lands End

    • 7425 Words
    • 30 Pages

    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 were buying tailored products. Over 20% of these customers never made a purchase over the web before. The case explores mass customization and web-based customer service initiatives while providing a rich opportunity to discuss the sustainability of competitive advantage derived from IT-driven strategic initiatives. The case also describes the cross-organizational and cross-border supply chain that Lands’ End and its business partner, Archetype Solutions, Inc constructed as well as Archetype’s extension of that chain to other retailers. Keywords: apparel, jeans, online shopping Editor’s Note: A teaching note is available from the first author to faculty so requiring it who are listed in the MISRC-ISWorld Faculty Directory. I. INTRODUCTION A tall man, Larry Cantera1 always found buying clothes a frustrating proposition. Only the largest US cities had high quality big and tall men’s apparel stores; the selection was usually small and the prices high. Cantera was intrigued when Lands’ End’s custom tailored chinos program was announced in late October of 2001. Using the web-based service, customers could custom tailor trousers based on length, waist size, and a number of other fit variables. Customers could also select among a variety of color and style options (e.g., cuffs, pleats). Only men’s and women’s chinos were included in the initial…

    • 7425 Words
    • 30 Pages
    Good Essays
  • Satisfactory Essays

    Competition can represent many benefits for consumers; through it, consumers can obtain products with higher quality and better prices. The competition, in the case of businesses, accounts for a continue developing of strategies, and the ability of put resources behind their efforts. The retail industry is very competitive, this competition includes department stores, discount stores, outlets, online retailers, and mail order catalogs, among others. Macy’s principal and direct competitors are mid-priced to high-priced department stores; such as J. C. Penney, Dillard’s and Saks. Indirect competitors are those who have similar products, but at a lower price, as the case of Amazon, Target, and Wal-Mart (Macys Inc's Competitiveness, 2017).…

    • 108 Words
    • 1 Page
    Satisfactory Essays