CVS Caremark Global Expansion to United Kingdom Global Business Management Abstract CVS Corporations was founded by Sid Goldstein, Stanley Goldstein and Ralph Hoagland, May 8, 1963 in Lowell, Massachusetts. In 2007 CVS pharmacy merged with Caremark Rx which created CVS Caremark. CVS Caremark is currently the number two pharmacy store in the United States with revenues exceeded $100 billion dollars and has over 7,400 hundred stores in 42 states. The corporation has been successful for over 40 years in the United States. CVS Caremark is designing a global expansion strategy to target areas that are profitable and promising demographically.
With over 500 stores, Dick’s has continued to expand and add stores at a steady rate of about 15% a year (CNN, 2012). The company recorded revenues of $4,871.4 million during the fiscal year ended January 2011, an increase of about 10% over 2010 (Value Line, 2012). The increase in revenues is attributed to expansion with new store sales and the addition of e-commerce sales. Company and Industry Analysis Dick’s Sporting Goods, is an authentic sporting goods retailer founded in 1948, by Richard Dick Stack. It currently operates over 500 stores in 40 plus states mainly in the eastern parts of the United States, and hopes to get up to 800 one day.
Foot Locker is on the 2nd year of their self-proclaimed 5 year plan of becoming the global leader of retail in athletic wear. They received 5.6 billion dollars in sales last year along with an improvement from $333 of sales per square foot to $406. Since Foot Locker has already achieved several of their financial goals in the five year plan, they have implanted new strategic priorities. They include: Create a clear customer focus to drive performance in its core athletic banners Make its stores and internet sites more exciting, relevant places to shop Deliver exceptional growth in high-potential business segments Aggressively pursue brand expansion opportunities Increase the productivity of all of its assets Build on its Industry Leading Retail Team The company also made financial objectives for the updated 5 year plan: * Sales of $7.5 billion * Sales per Gross Square Foot of $500 * EBIT Margin of 11 percent * Net Income Margin of 7 percent * Return on Invested Capital of 14 percent * Inventory Turnover of 3+ times According to Mr. Hicks, they have put
Analysis of Ulta Beauty Company Name Institution Analysis of Ulta Beauty Company Introduction Ulta Beauty Company is a well-known corporation based in the United States that offers more than 200,000 products to its client base. The firm specialises cosmetics such as fragrances, hair care, skin, general body, salon, and styling products that have great access to the retail market (Gottfried, 2011). The company has recorded significant growth and recognition owing to its competitive advantage over the other players in the local and international market. Ulta Beauty has over 715 retail stores in more than 50 States in the U.S. with a great consumer base. The corporation has a strong internal environment that makes it succeed in its business venture, which shuns away other players while maintaining both profitability and competitiveness.
According to Spector & McCarthy, 2012), Nordstrom's has an enormous financial position proportioned to be around $1.3 billion in cash, 11 straight quarters for making sales, and its apparent positioning in the Apparel’s top 50 companies ranked by profit margins. The company knows that its customers are in high demand for quality products and services. The company has expanded most of its stores within and outside Europe, something that has enabled many clients access its products and services without any difficulty. The company has shifted most of its growth mechanisms to depend on e-commerce. Most of the customers are able to access Nordstrom's products online.
The company is a supplier of a wide range of sportswear and casual apparel; mainly focusing on hi-tech sportswear for professional athletes. It has now broadened its horizons and Under Armour began offering footwear in 2006, it continues to expand its offerings. In fall of 2010, Under Armour began offering its first line-up of basketball shoes. SWOT Analysis Strengths These are the strengths of Under Armour: . • The company’s presence is felt on the Internet.
Asos.com is one of UK’s largest independent online fashion and beauty retailer. Asos was established at the year 2000 by its founders Quentin Griffith and Nick Robertson. Asos is an acronym, that makes up the company’s name, and stands for As Seen On Screen, which is a very clever name as the nature of the company is totally web based. Asos offers over 40,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewelry and beauty with 1,500 - 2,000 new product lines being introduced each week. Some of the national brands that Asos distributes are: Diesel, French Connection, Karen Millen, Mango and Warehouse; while it’s own brands are Asos white; a clear-cut range of clothes crafted in premium fabrics, Asos swim for swimwear, Asos Black which is a more expensive line, Asos maternity for pregnant women, Asos CURVE for plus size women, Asos petite for small sizes, Asos Revived which inspired from vintage styles and “the green room”.
Zara is the world’s successful brand in fashion retail industry. It operates in 60 countries worldwide. The company is engaged in retailing of fashion clothes (Nueno, 2006). Its parent company is Inditex, which is engaged into jewellery making, telecommunication, casinos and business related to ports. It was founded in 1975 by Amancio Ortega and Rosia Mera.
In, 1983, the first Sam's Club members-ware house store opened, and the first Supercenter opened in 1988. By 1989, there were 1,402 Walmart stores and 123 Sam's Club locations. There was more job oppurtunities more than ever, and sales have grown from $1 billion to $26 billion. Today, there are 9,826 stores in 28 countries that employ 2.1 million associates, serving more than 176 million customers a year. There are many purposes to why Walmart is so successful, but one of the main reasons is the development of the bar
| Bossini International Holdings Limited | | 1.Company Description In 1993, Bossini International Holdings Limited is listed on The Stock Exchange of Hong Kong Limite, and the subsidiaries, Bossini, is a leading apparel brand company, retailer and wholesaler of garment in the Hong Kong. The first retail shop is launched in 1987.Bossini is a worldwide garment distributor which having over 1000 stores around the world and the headquarter is in Hong Kong. Bossini sells causal wear including men’s ladies’ and kids’ wear etc. Its has business in over 30 countries and regions around the world. The five main markets are Hong Kong, Mainland China, Taiwan, Singapore and Malaysia.