BJ’s strategy focuses on providing their shoppers more groceries and packaged goods in small portions. Sam’s is concentrating more on reducing their product cost. Sam’s is using other countries, like China and Mexico, to but from to help keep their cost down. When it comes to determining who have the best strategy out of the three rivals we believe Costco is using the best strategy due to the fact they use the deny dock distribution, which allows them to be cost efficient. By Costco finding ways to insure they are cost efficient they are able to offer their customers reasonable prices.
Target Versus Walmart: How the Major Retailers Stack Up MGMT 371 - Business Operations and Analytics Jim Beauchamp April 11th, 2015 I. Introduction and Hypothesis When you think of your ultimate shopping experience, what comes to mind? Some shoppers are motivated by extreme savings - their shopping location is mainly based on price and who will offer them the best deal. Others are drawn into a store by the allure of the entire “shopping experience.” How they feel while shopping and what kind of environment that’s provided plays a major part in their decision. Although they might crave an affordable price, it is important to still be exposed to stylish, unique choices.
One of the biggest areas that have seen a great change in consumer spending is grocery stores. More and more people are switching from name brand products to off brand and store brand products. People are also opting for discount food stores, such as ALDI, for cheap variations of the food they love. Lastly, one of the biggest new trends is using coupons. With the use of coupons people can reduce their final bill, and save money.
Business owners will appreciate more money being spent in their fast food restaurants, grocery stores and clothing stores etc. The change in the society would be a great start at a better place to be. With president Obamas 10.10 solution we would be able to but more money in to a lot of places that have problems in economy like schools, banks, churches, outreach programs, homeless shelters etc. Please join in and take a stand to support minimum wage
Kudler Fine Foods Photography The pros and cons of outsourcing the photography to a professional photographer Kudler Fine Foods is a rapidly growing online retail business that needs photography services just like any other business. This makes the company reach a decision-making point on whether or not to outsource its photography services. Such an initiative has both advantages and disadvantages that company managers involved in decision-making must put in place before making a move (Tuck 2010). Cons Some of the disadvantages of outsourcing photography services include • The possibilities of losing total control over the process of the professional thus resulting to results that may not have been envisioned by the company owners. The photography process is always internal and in line with the photographer’s imagination, which an external party may not fully understand.
Finally I will focus on the current staff crisis and clarify to you that these stakeholders (members of staff) have a vested interest in the activities of your business and will produce stronger performances if they are motivated and not subjugated into feeling like they are just another cog in the wheel. (Caan, 2013) Word count 181 Part (b) Sociological - The demographic of consumers tends to be that of the older generation with lower spending behaviour, especially during the recession. You need to think about attracting a more affluent and younger clientele. Technological - You do not appear to have a website. You have computerized the accounts however, a web presence would allow merchandise sales, affiliation links, online customer interaction and special offers.
The productivity is better to be by Peapod because you won't have the problem of over producing products and then loosing extra money; which would bring to a bad economic decision. The impact of Peapod's acquisition by food retailer Ahold was that it brought more and more costumers thanks to the fast delivery. Also it helps Ahold because they started making higher volumes do to that the purchases lower-prices; lowering distribution and transportation costs. Ahold markets and delivers to more than 235,000 customers each year thanks to the Peapod’s Internet grocers. The company manage transportation is not a bad investment.
This strategy was deemed to be cannibalistic in the longer run since their stock prices and fair share of the market was already declining post 2007. The third approach was to aggressively accelerate the rollout of food content in stores and thus making its entry in the grocery business to drive the frequency of shopping trips. Since consumers shopped for groceries significantly more often than home and apparel goods, Target leadership felt the presence of grocery items could increase food traffic in to the store and thus further inducing them to buy non grocery items as well.
With the way Costco has been able to convince customers to buy a membership to shop for bulk items is nothing short of genius. Costco gives customers the opportunity by items they normally use in mass quantities in a bulk package making it cheaper and time saving for a customer. One idea to help Costco increase their profits it to add an organic food section in which customers can purchase items that are grown without chemicals. This would attract a whole new customer base as most of the food sold at Costco is processed and with people taking on a healthier eating lifestyle this would provide Costco a new platform to gain more customers. This would take some hard
It also helps Tesco to identify they gaps in the company and market world. If Tesco is not promoting their products nobody will know their new products exist, that is the reason why is important to promote they products, if Tesco should not promote they products there customers will go to Tesco competitors like Sainsbury. Price: The prices are a very important part of their business but unless their business sells these products with reasonable prices and they don’t advertise and promote this then their customers will never know about this, so their customer could go to other business who are cheaper than them. Their prices very important in a businesses because if there prices are not reasonable than business will not be able to sell their products. If people see the adverts on TV, people want to know how much these products cost and if the product is good and cheap than it can attract customers to the business and to the products.