JC Penney’s: Since their founding by James Cash Penney in 1902, they have grown to be…
Through PARA’s research, critical analysis and understanding of the company, market, target audience and media, PARA has created a fully-integrated marketing campaign that will guarantee new female JCPenney shoppers age 25-34 as well as re-create loyalty among female shoppers 24-35. PARA exhausted all of the resources available to discover such reasoning’s of why women shop, what they are looking for, who they are, where they are in the market place and social media and what will drive them to JCPenney. The creative attempts were developed from thorough research and understanding of the ever changing, fast-paced, mobile lives of these women and will appeal to the target audience.…
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.…
In this brief, I will demonstrate selected perceptions of the company Nordstrom, Inc., a retailer that specializes in fashion apparel with over 12 million dollars in sales last year. I will research, review, and analyze perceptions of the company, create graphs to show qualitative and quantitative analysis, and provide a summary of my findings.…
Recently, though, JC Penney has suffered. The recent great recession hit them rather hard and their sales and profits suffered. In order to regain market share and redefine the company the Board of Directors brought aboard Ron Johnson, head of Apple’s retail stores and former Target executive. Johnson was tasked with rebranding the 110 year old retailer and making it more competitive against their rivals such as Kohl’s, Macy’s, and Target. Johnson’s strategies were focused on an ambitious goal; to make JC Penney America’s favorite store.…
AN ANALYSIS OF JC PENNY’S AND HOW IT RELATES TO COMPETITION WITHIN THE RETAILING INDUSTRY…
Cited: Bhasin, Kim. "INSIDE JCPENNEY: Widespread Fear, Anxiety, And Distrust Of Ron Johnson And His New Management Team Business Insider. N.p., 22 Feb. 2013. Web. 15 July 2013.…
This is an informative article about the progress of the transformation set out by the new CEO of JCP Ron Johnson. It articulates the vision, the planning, strategy, and the proposed changes needed to boost sales and well as regain their reputation post their ousted former CEO Michael Francis. This is an article located by conducting a google search.…
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…
This report presents data describing the differences amongst the two department stores, their fundamental visions, and comparative statistics. Macy’s or Dillard’s: Differences amongst these competitors There are several aspects you can analyze from each department store. Major pieces do set each one apart from the other. Brand names carried by Macy’s and Dillard’s from an average shoppers point of view can go completely unnoticed unless price is involved. For trend shoppers brand names can either make or break a retail store. It can easily determine if he or she will walk to Macy’s or Dillard’s because they already know the store does or does not carry that brand. This is consistent with each department throughout both stores and affects revenue significantly. Macy’s currently has 15 private labels which include: Alfani, American Rag, Charter Club, Club Room, First Imoressions, Green Dog, Hotel Collection, I-N-C International Concepts, JM Collection, John Ashford, Material London, Style & Co, Taso Elb, The Cellar, and Tools of the Trade. Dillard’s brand names include: Cypress Links, Lawton Harbor, Oak Creek, Roundtree & Yorke and St. Durand, Bechamel, Cabernet, Copper Key, Preston & York and Westbound, Class Club, Brioso and Simply Comfort. Store appeal is another difference between the two retail stores. Macy’s has recently revamped all of their stores with a new trendier design and customer friendly use. Dillard’s is still conservative and plain when you walk into one of the department stores. The younger crowd would gear more towards Macy’s as a first choice of shopping. Elements that Macy’s brought into play were minor, but important customer satisfactions such as wider fitting rooms with waiting areas, international visitor centers and a dining experience in select stores. Macy’s also integrated the self-price check throughout their stores which relieves a lot of customer service, when you have the famous, “How much is this?” question. Dillard’s is trying…
EJ Johnson is now speaking out and revealing something that nobody knew about him. EJ actually considered transitioning after he saw that Caitlyn Jenner was doing it, but instead, Johnson changed his mind. Caitlyn Jenner's transition was so public that EJ couldn't ignore it and not think about doing it himself. People shared what EJ will open up and talk about on an upcoming episode of EJNYC.…
“At Zappos, our belief is that if you get the culture right, most of the other stuff —like great customer service, or building a great long-term brand, or passionate employees and customers — will happen naturally on its own” says Tony Hsiesh, CEO of Zappos. And he says that their culture is their brand.…
The Harrison Brothers is a multi line traditional department store that is over 100 years old. Their existing business plan has been successful since 1898 and has allowed Harrison Brothers to become one of the largest privately owned retail chains in the U.S. Their staple products are been men’s, women’s and children’s clothing. However, the store has considered expanding new items, adding household furnishings recently. James Harrison, the current CEO has an MBA education and has realized that the company must reinvent itself. The same model that has worked for the past century has become outdated.…
The overall threat of new entrants in the retail market is a high level threat as it is relatively easy and inexpensive to enter the market. Entering the retail market as a competitor of J.C. Penney however, is a low-level threat. The initial investment and capital requirement to enter the retail industry at such a high level is so great that it would be near impossible to compete with J.C. Penney. J.C. Penney has product differentiation by supplying the store's own brand. They also have a long history and reputation of supplying quality products. J.C. Penney has the advantage of buying in large quantities at lower costs, and an established supply chain reducing costs of procurement of goods. J.C. Penney has established large retail space which would be extremely costly to imitate.…
Wal-Mart, Target, and Sears have long been icons in the retail industry. These stores have outlasted other stores such as Burdines’s, Mervyns’, and Zayer’s. Granted Sears has been around more than 100 hundred years, but one does not have longevity without knowledge to operate a successful business. Some lessons were learned after the completion of this analysis.…