The two companies merged in 2001 and acquired Unocal Corporation in 2005. The average net production of Chevron in 2011 was 2.673 million barrels of oil per day, with about 75% of the production occurring outside the U.S. The company has a huge marketing network to support its
Up to September 11, 2014, Kroger has operated 2,638 grocery retail stores in 34 states under nearly two dozen banners. Kroger also operates 785 convenience stores under six banners in 19 states. 324 fine jewelry stores under names like Fred Meyer Jewelers and Littman
CVS CAREMARK SWOT ANALYSIS CVS CAREMARK SWOT ANALYSIS CVS/pharmacy is one of the nation's largest retail pharmacy chains, with 7,458 stores located in 42 states, the District of Columbia, and Puerto Rico. With more than 40 years in the retail pharmacy industry, CVS/pharmacy generates over 68% of its revenue from the pharmacy business (http://info.cvscaremark.com/our-company). CVS/pharmacy fills more than one of every seven retail prescriptions in America and one of every five in their own markets. Their ExtraCare program boasts over 65 million cardholders, making it the largest retail loyalty program in the country. CVS Caremark has three operating segments: CVS/pharmacy, Caremark Pharmacy Services, and Minute Clinic, which is a walk in clinic that operates within CVS Pharmacy stores.
Below are some key statistics about the 3 major drugstore chains as of July 2010: 1. Walgreens ranks #1 with market cap of $29.33 Billion, $66.25 Billion in revenue, and S&P rating of A+. According to Walgreens, 75% US population lives within 3 miles from its stores. On Oct 1, 2009, Walgreens opened its 7000-th store in Brooklyn, New York. In April 2010, it acquired 258 Duane Reade drug stores in New York Metropolitan area.
Its Instagram unit has more than 300 million users, while mobile messaging app WhatsApp, which it purchased for $19 billion in cash and stock in 2014, has 700 million users and is growing. (“Forbes Mag.”) Zuckerberg made two major life changes in May 2012. Facebook had its initial public offering, which raised $16 billion, making it the biggest internet IPO in history. How Zuckerberg's company will handle this influx of cash remains to be seen (Williams 56). But Zuckerberg may be looking at more acquisitions.
The distribution networks of the new companies are high and tends to affect the operations of JCP. Therefore, the company should build a strong distribution network so as to counter significantly the operations of the new companies that produce similar products. The “mom and pop” stores have been reported to resort in selling products online, otherwise they become obsolete. J. C. Penny’s SWOT analysis The strengths of the company are: * The existence of more than 1100 locations worldwide * Their quality products such as clothing, jewellery, beauty products and even footwear and furniture * The company also offers shipment of their goods for customers, which gives their customers the best experience in the end, hence attracts more customers. * The company also offers free haircuts for the children The weaknesses of JCP Since its competitors give similar products, the company is faced with limited market share 2. International business operations have also challenged the services of JCP due to the current emerging economies worldwide.
Adapted from http://www.mindtools.com/pages/article/newTMC_08.htm 1. Rivalry among existing competitors- The risk of rivalry is high because of the other businesses like Hair Cuttery and Spa’s within the 10 mile radius. Making business owners compete more aggressively for clientele. 2. Bargaining power of suppliers- This is a very important aspect of the business, customers want quality products at the best price possible.
SWOT Analysis |Strength |Weaknesses | |Home Depot is the world’s largest company in the home improvement retail industry.|Customer preferences where shifting from DIY to DIFM, women buyers were more | |It has the needed experience to adjust to market changes and to acquire prime |prominent segment, and Pro markets where increasing. This meant that THDC | |locations for new stores. |strategy which was successful in the past, might not serve the current business| |THDC practices an everyday low price policy, which increases sales volumes and in |objectives to become the number 1 retailer in Canada. | |turn revenues year round. It also provides a wide assortment of merchandise to |There is saturation in big box format stores as well as an anticipated slowdown| |cater to different needs and tastes, hence wider markets.
1. Economic Characteristics • 1,250 warehouse club locations in the US, Canada and Mexico • Costco had about 56% share of warehouse sales in North American • Sams club roughly a 36% share • BJ's Wholesale Club and several small warehouse club competitiors had an 8% share • Costco became the first ever U.S company to reach $1 billion in sales in less than six years • Costco number of warehouses when from 488 in 2007 to 527 in 2009. • Sams clubs facility size ranged between 71,000 and 190,000, with an average size 133,000 2. Competitive Forces Substitutes: Strong threat • good substitutes everywhere. such as Wal-Mart, target, best buy.
It is measurably more expensive to attract a new customer than to retain an existing customer. So why do so many companies focus their efforts and their dollars solely on new customers? It is because every organization is committed to growth and growth is associated with building new business. However, in order to maintain continuous profitability, companies must establish and maintain profitable relationships with all of their customers (past, current and future). Business leaders must do four things to have profitable customer relationships.