operate in. Let us begin by looking at the Dollar Tree. The Dollar Tree started as a variety store under a different name in 1954 (dollartree.com‚ 2013). This was a family business and was interested in offering products for less money than other retail stores were able to. This brought in huge profits for such a small “mom and pop” business. In recent years the name has changed a few times until in 1990 the store name was changed to Dollar Tree. It has been the same since that time. Dollar General
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furniture retail stores (IKEA‚ 2012) ‘Self – Service’ (minimal service or influence from sales person) Details of all products are made ubiquitous in the showroom thus making sales assistance unnecessary which this in return helps to reduce the hiring cost of labor. Layout of Products (product exposure) Ikea stores are designed in a one-way ‘walk-through layout’ that requires customers to be exposed to the entire products which is unlike from most furniture retail stores where by customers
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Dollar Tree Almost all of us or better said all of us have at least one visited a Dollar Tree store at a point of our lives. I chose this company because of their great strategic planning and business strategy. Internal Performance: Strategy: Their strategies consist on: buying around 60% of the company’s stock from domestically and the remaining 40% are imported goods; this strategy helps maintain jobs in the United States‚ while being able to get the best prices and continue providing America
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at the end of World War II‚ Walton moved to Newport‚ Arkansas and bought a Ben Franklin variety store. By 1950‚ he “owned the leading Ben Franklin store in a six-state region (Sam Walton).” His initial success with the Ben Franklin variety store was due to his policy of hard work and pricing products much lower than other retailers. His landlord eventually refused to renew the lease on Walton’s variety store because of the success – the landlord wanted his son to inherit the business (Sam Walton)
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discount retail industry consists of several different stores‚ which could be further broken down into many different segments. Dollar General falls under the category known as the dollar store and is the current market segment leader above its close competitors in the same dollar store category‚ such as dollar Tree‚ Family Dollar and Fred’s. The dollar store industry houses four distinct types of retailers. First‚ the original dollar store‚ stuck to the tradition of its predecessors‚
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3/12/15 Dollar General Jacky Akpan Taha Kermalli Allison Schumacher Anlin Wang 1 Dollar General‚ 2007 ● Quality consumer goods in select categories ● Focused inventory on fastest-turning SKU’s ● Targeted demographics ignored by Walmart Store Dollar General Walmart Square Feet 6‚900 100‚000 SKU’s 4‚900 75‚000+ ~20‚000 or less 50‚000+ Surrounding Populations 2 1 3/12/15 Pricing and Brands ● 30% of products priced at $1 or less ● Majority of products under $10 Brands Name Brands
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market. Required Elements: • No more than 2100 words Dollar Tree Stores go back over 50 years and started with K. R. Perry and a Ben Franklin variety store in Wards Corner‚ Norfolk‚ Virginia‚ and to Macon Brock’s‚ Doug Perry’s (son of K.R. Perry)‚ and Ray Compton’s adventure into $1.00 retailing (Dollar Tree‚ 2014). The name change to Dollar Tree was made in 1993. In 2012‚ Dollar Tree has opened 345 stores and exceeded $7 billion in sales. The company spans from Washington
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Prepared by Prokopova Kateryna‚ Int Inf 1‚ group 2 DEPARTMENT STORE When we want to buy something‚ we go shopping. There are many kinds of shops in every town or city. Most people prefer to do their shopping at big department stores and supermarkets. Department stores offer a wide range of articles under one roof. Therefore‚ a customer can purchase all his requirements from a particular place. As a result‚ the time and labour of customers are saved because they need not go from shop to shop for
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Retail Stores Amanda A Severing BUS 235 June 2‚ 2013 Matthew Hufnagel Retail Stores Over the weekend I visited a Target store near my home‚ they sell a wide variety of home goods‚ clothing‚ toys and other miscellaneous items. This Target is about 2 miles from my home‚ it is in Sugarcreek‚ Ohio and is very accessible to my home. I did what I like to call “people watching” while I was there to survey the types of people the shopped there. There truly was a plethora of people there‚ not
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Dollar General In 1955 Dollar General opened their first store. Even thought they were delivering convenience and value to shoppers since 1939. They have over 10‚000 Dollar General Stores in 39 states from coast to coast. They conquer the U.S by have more retail than any other retailer. Dollar General have a wide variety of package food‚ snacks‚ pet supplies‚ health and beauty aids‚ cleaning supplies‚ paper products‚ basic apparel‚ housewares and seasonal items. They come from many producers of
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