Preview

retail audit for best buy

Good Essays
Open Document
Open Document
3084 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
retail audit for best buy
A retail analysis of the Best Buy location in Fullerton, CA was completed on April 12, 2013. The analysis evaluated the store’s appearance including fixtures, promotional materials, layout, and merchandising. Best Buy is an electronics retailer and its Fullerton store is located in a secondary business district on the cross streets of Orangethorpe Avenue and Harbor Boulevard. The Fullerton Best Buy location is the corner store in a busy shopping center. Some of the stores nearby are Factory 2 U, The Coffee Bean and Tea Leaf, Rubio’s Baja Fresh, and Burlington Coat Factory.
Appearance
The well-known Blue and Yellow colors of Best Buy can be seen from down the block, drawing the consumer to its location. The structure is on a corner lot facing the busy street and in the same vicinity as multiple shopping centers that contain a variety of retailers, restaurants and services. The shopping center of orangethorpe and harbor is an all-around convenient location for customers when needing to do errands, or any shopping in general. Parking isn’t an issue as the location is on the far end corner lot from the other major retail stores, which makes it a suitable location for Best Buy customers. As you walk in through the sliding glass doors, you can visually see the full layout of the store. It has an open floor plan designed to allow accessibility to any part of the store. Overall the store uses a clean, well-organized layout, design and visual merchandising strategy.
Best Buy’s target marketing strategy is designed to appeal to small business owners, tech savvy middle class consumers and young entertainment enthusiasts. They also generally appeal to men, seen from the all-male employees to the masculine colors used throughout the layout. The stores, layout seems to be designed for their targeted consumers by focusing more on their broad selection of name brand products. The stores lighting, fixtures, colors and the quiet open spaced feel sets an overall

You May Also Find These Documents Helpful

  • Better Essays

    Best Buy is a growth company focused on better solving the unmet needs of our customers, and we rely on our employees to solve those puzzles” (Best Buy, 2009-2015).…

    • 2034 Words
    • 9 Pages
    Better Essays
  • Good Essays

    STR 581

    • 295 Words
    • 2 Pages

    In June 2002, Target Corporation (Target) had 1,330 retail stores in 47 states of the United States. Even though it only had a fifth of the sales and profits of Wal-Mart, it had a loyal customer base that was looking for a trendy, yet, affordable range of merchandise (Hays, 2002 pg. 2). Target's customers, whom it referred to as 'Guests', were younger and more affluent than that of its rival Wal-Mart…

    • 295 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Due to economic expansion over the 1990’s, the home improvement industry has experienced a rapid growth. Due to the wealth effect, consumers spent high amount of cash and credit on improving their most prized and expensive possession, their homes. As a result, the home improvement industry experienced rapid expansion and growth. Both stores offer one stop shopping, low price, convenient locations and excellent customer service. They both also have the super store concept, many local competitors and provide customer quality care. However, presentation counts at Lowes. Its warehouse-style stores are laid out so that two shopping carts can pass in comfort, a feature has helped Lowe’s appeal to women shoppers. Lowes target women because more home projects are initiated by females. The chain is attracting more and more non-professional home improvement shoppers. Home Depot has traditionally relied on low prices, lots of selection and sales of building material to professional contractors. Some of the new stores are now in urban areas like Brooklyn, NY and Chicago, IL. Both stores are able to do what’s right for the customers and…

    • 556 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Audit Case Study Walgreens

    • 4465 Words
    • 18 Pages

    The audit function creates several important relationships among the various parties. One of the most significant and potentially problematic relationships is between the audit firm and the audit client. The decision by the audit firm to accept or retain a client is crucial because of the potential risk of being associated with certain clients. Engagement risk is considered to be composed of three components: client's business risk, audit risk, and auditor's business risk.…

    • 4465 Words
    • 18 Pages
    Good Essays
  • Satisfactory Essays

    Retail merchandise stores attract many different types of people. For example, Wal-Mart targets all income level households, whereas dollar stores such as DG serve "need-to" shoppers. More specifically, the target customers of DG are normally in towns with less than 20,000 people and have the following characteristics:…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Best Buy is the largest consumer electronics store in the world. Each year it increases its presence in the market share and distances itself from others in the industry. Best Buy is headquartered in the Twin cities area of Minnesota, where it handles all main business functions and the leadership that manages its 180,000 employees and 4,000 stores across the globe (Best Buy, 2010). During the previous fiscal year, Best Buy accumulated nearly 50 billion in revenues and 2.2 billion in operating revenue. They also reported that they possess 18.3 billion in total assets and 6.3 billion in total equity.…

    • 2054 Words
    • 59 Pages
    Powerful Essays
  • Good Essays

    Publix Business Audit

    • 1037 Words
    • 5 Pages

    By offering stock options to employees this allows them to become partial owners of the company and as a result encourages them to be more efficient. Knowing that the employee is a stakeholder in the company also motivates an environment in which employee ownership creates satisfaction with job responsibilities. George Jenkins recognized the social responsibility that philanthropy is only one focal point for the vision of his company. His transference from traditional philanthropy to a strategic…

    • 1037 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    I chose Best Buy and my initial impression of the store is a good one. The layout flows very well so you can easily access any part of the store. Then you can easily find where the checkout station. I feel that blue and yellow are the perfect colors to represent Best Buy; it is very eye-catching without being over the top. There are no advertisements outside of the store but once your inside they are all over the place. But it is all very well organized; the advertisements are located in areas corresponding to the products surrounding.…

    • 512 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Anthropologie believes that highly visible store locations, broad merchandise selection, creative store design, and visual presentation are key enticements for customers…

    • 738 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Target Corporation is an upscale retail store. Their slogan “Expect More-Pay Less”, lends itself to their belief that they offer high quality and trendy products at a reasonable discount price. Target also has expanded its store into an online store Target.com, the Super Target which offers groceries. The Target store has much strength that makes it stand apart from other super discount retail stores. I looked into these strengths, along with weakness, through research material and surveying their targeted market customers. I wanted to learn just what it was Target has done to market themselves throughout their growth as a company, what it was that has made them so successful throughout the years. Through this knowledge it is able to see just what makes Target so special as well as what they should do to continue this success and to make their customers happy.…

    • 1789 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Best Buy Big Box retail stores were build for a different era and different lines of products. It’s imperative that the company start to seriously think about downsizing the 1000+ Big Box stores and open more of their smaller version mobile stores. Research showed that by downsizing their stores by just 10% will save the company $70 to $80M a year. The new smaller stores would look a lot like the current Apple stores where sales associates interact with customers and help them make the right decision that will fit their needs and entertainment goals. While opening up more mobile stores in the city is a much more cost affective strategy, Best Buy could and should expand more towards the suburb where most of their Angel customer base is located. The Barry and Jill segment are likely to live in the suburb and make their purchases on the weekend so it makes sense to formulate a place strategy that will take into consideration their living location. Also renting space in the suburb is always cheaper and will add more savings to the company income statement.…

    • 565 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Target Research Paper

    • 1217 Words
    • 5 Pages

    The Target Corporation prides itself on their department store roots with a constant obligation to great prices and stylish originality. Targets mission is to, “make Target the preferred shopping destination for our guests by delivering outstanding value, continuous innovation and an exceptional guest experience by consistently fulfilling our Expect More. Pay Less.® brand promise. The main focus of every Target store is the customer, whom the corporation refers to as a "guest", making them feel more personal. Each guest can expect to walk into a clean, organized, and easy to navigate store with "high quality, stylishly items plus all the essentials for his and her life. The company also has a…

    • 1217 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Best Buy

    • 914 Words
    • 4 Pages

    Best Buy was founded in 1966 by the current CEO Richard M. "Dick" Schulze. Based out of Eden Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million in total revenue last year. Best Buy carries a wide variety of products consisting of Major Appliances, video and audio equipment, computers, software, music, and wireless technology. When analyzing this corporation it is important to pay close attention to its current and future services and products, any problems with the corporation, the future direction Best Buy is headed, what can be done for the corporation, and what it can do for you as a consumer or employee.…

    • 914 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Memo Date: To: December 17, 2012 Xavier Michaels, District Manager of Geek Squad Services Richard Morgan, General Manager (00263) Sarah Draughon, Services Supervisor (00263) Vivin Viswanathan, Advanced Repair Agent (00263) Reconsideration of Planogram for Employee Efficiency…

    • 4149 Words
    • 17 Pages
    Satisfactory Essays
  • Good Essays

    Audit Reports of Purchase

    • 2437 Words
    • 10 Pages

    • Indents were approved in all levels, but such indents were pending for Purchase Order.…

    • 2437 Words
    • 10 Pages
    Good Essays

Related Topics