Over the next three years, Zappos doubled their annual revenues, hitting $840 million in gross sales by 2007. In 2008, Zappos hit $1 billion in annual sales, two years earlier than expected (one year later, they fulfilled their other long-term goal, debuting at #23 on Fortune’s Top 100 Companies to Work For). Zappos’ primary selling base is shoes, which accounts for about 80% of its business. About 50,000 varieties of shoes are sold in the Zappos store, from brands like Nike, Ugg boots, and Steve Madden heels. They also serve the niche shoe markets, including narrow and wide widths, hard-to-find sizes, American-made shoes, and vegan shoes.
Its chains include Foot Locker (and its Kids and Lady Store versions), Footaction USA and Champs Sports, totally 3,500 stores worldwide. It employs around 38,764 employees of whom around 25,493 are part-time. Their headquarters are based in New York. In the financial year ending January 2010 the company recorded revenues of $4,854 billion (FY2010) with the operating profit being $80 million (FY2010) and the net profit being $48 million (FY2010), (Datamonitor plc.2011). Below is a table to indicate Foot Locker Inc placement against its direct competitors for 2009, (Table 1).
In August 2007, Crocs purchased Bite, a shoe and sandal maker. After the expanding period, in February 2006, Crocs, Inc went public. Fiscal year 2006 revenue soared to about $354 million from $108 million in 2005; sales growth
Employment had increased tenfold. Sales had grown from $1 billion in 1980, to $26 billion. The 21st century – one of the most successful retailers in the world Today, 8,576 stores and club locations in 15 countries employ more than 2.1 million associates, serving more than 176 million customers a year. Our history is a perfect example of how to manage growth without losing sight of your values. Our most basic value has always been, and always will be, customer service.
Wal-Mart’s growth increased rapidly in recent years (2006), by adding almost one new store every day. By February 8, 2007, the Wal-Mart Corporation’s total retail store count had reached 6,782 units world wide. As Wal-Mart’s presence continued to grow, so did it’s sales, by the end of fiscal year 2007 Wal-Mart sales reached an all time record high of 345 billion dollars. As the business continued to grow and expand world wide, so do its problems. The Wal-Mart Corporation’s immense development brought with it massive conflicts and controversy.
1. Intro/ Executive Summary Wal-Mart is an aggressive company and has their own reputation throughout the world. In the US, Wal-Mart has various formats such as Supercenter, Discount Store, Neighborhood Market and Sam’s club. The company is currently a largest retail chain in the world and has been ranked on top on the Fortune 500. They have as many as 150000 items for customers to choose from.
Disney shares jumped 84 cents, or 2.5 percent, to $34.57 in after-hours trading. The shares gained 44 cents to end the regular trading session at $33.73 before the earnings were announced. Tourists from abroad also took advantage of the weak dollar, increasing park attendance and spending. Resort revenue grew 11 percent to $2.73 billion, and hotel bookings at the resorts through 2008 were trending higher than last year, the company said. "We're definitely benefiting from the dollar weakness ... in two ways," Chief Executive Robert Iger told analysts on a conference call.
Wal-Mart - Strategic Audit I. Current Situation A. Current Performance In the past year Wal-Mart’s performances in market share, profitability, and return on investment have had significant changes compared to past years performance. * Return on investment now compared to previous years: they are paying out $63.079 billion to their shareholders compared to last years $58.763 billion and an average of $3.09 earnings per share of the 4.068 billion shares out. * Market share today: Out of 2,000 big companies Wal-Mart is at 17 with 201.36 billion in market value and in its industry of retail, Wal-Mart is ranked #1 with Home Depot and Target behind.
The current ratio was 3.6 on February 29, 1988which mean that it has plenty of cash to cover any of its current liabilities. Moreover, Interco’s capitalized leases were 19.3%. The company was financially “overcapitalized”. When looking at the company collectively, Interco also looks healthy, with sales increasing 4.04% in 1987 and 13.4% in 1988.Growth in earnings moved Interco further toward its goal of a 14-15% return on equity: 1988’s ROE of 11.7% was up from 9.7% in fiscal 1987. However, if closer examination is undertaken, it is clear to see that the general retail and apparel businesses are struggling while footwear and furniture have been flourishing.
Ratio Analysis From 2006 to 2007 Britvic’s net profit rose by 0.3% while gross profit fell by 1.05%, therefore production cost was reduced, which can be due to the deal with C&C (Magners cider maker) and the acquisition of Ballygowan water which brought a cost saving of €14m. Over the past 5 years, 2010 achieved one of its highest gross profit 55.3% and net profit was never so high at 7%. The deal with C&C also made Britvic’s share prices raise and it reached its highest price (399p) over 2 years period. As many companies, Britvic in 2008 was also affected by the global economic crisis and in that year gross profit fell by nearly 8% but net profit was not affected as much. Britvic’s pubs trade was also affected by the recession, company shares fell to its low in 5 years, reaching 222.25 p, a difference of 165p comparing with previous year.