In 2004, BB&B had about 630 stores with a total of 20.5 million square feet of store space. By the end of 2008, these numbers had expanded to nearly 1,000 stores with 31 million square feet of store space. Its long-term goal is to operate 1,300 stores. In addition, BB&B plans to remodel and expand many existing stores. In 2003, BB&B purchased Christmas Tree Shops (www.christmastreeshops.com), a chain of stores specializing in giftware and household items.
The characterize of the energy beverage industry 1, Industry The energy drink market has grown exponentially, with nearly 500 new brands launched worldwide in 2006, and 200 new brands launched in the U.S. in the 12-month period ending July 2007. From 2002 to 2006, the average annual growth rate in energy drink sales was 55% . The total U.S. retail market value for energy drinks was estimated to be $5.4 billion in 2006 and has shown a similar annual growth rate over this same period 47% . 2, Competitors The top 5 competitors in energy beverage market were Red Bull, Monster, Rockstar, Full Throttle and Amp in 2007. According to a report by Agriculture and Agri-Food Canada, 1.5 billion cans of Red Bull were sold in the United States in 2004, highlighting the enormity of this industry.
References.........................................................................................................................9 Situation & Strategic Issues and Problems The J.C. Penney Brand James Cash Penney founded J.C. Penney in 1902. With more than 2000 stores across the country, Mr. Penney believed in treating his customers the way he wanted to be treated. Over the years, the company has continued to grow and expand their annual sales. Penney customers were able to shop for appliances, house wares, electronics, sporting goods, and apparel for the family in one location. In addition, the company’s mail order catalog help boost annual sales in excess of $1 billion by their 50th birthday (Ofek & Avery, 2013, p. 2).
But BJ’s expanded their strategy a little more. It focused on its Inner Circle members through merchandising strategies that emphasized a customer-friendly shopping experience. Club locations were clustered in order to benefit from greater name recognition and maximize the efficiencies of management support, distribution, and marketing activities. BJ’s strove to establish and maintain the first or second industry leading position in each major market area where it operated. I think Costco has had the strongest financial performance in recent years because they have opened 265 new warehouses since 2000 and more than doubled their company revenues from $31.6 billion to $71.4 billion.
Since then the CEO position has changed hands a few more times Richard Braddock took the CEO position over in 2008 stating “I chose to increase my involvement with the company because I love the business and I think it has great growth potential.” (Dess, G., Lumpkin, G. & Eisner, A. 2012) Fresh Direct is located in Queens, NY it services more than 300 hundred zip codes in its area serving 4 million people in a ten mile radius. In 2010 the company claimed to have revenue of more than $250 million. In 2011 Fresh Direct ranked 70 in the Internet Retailer Top 500. Fresh Direct ran into labor issues in 2007, they were suppressed by asking its employees to provide paperwork proving their immigration status.
In 2001, they were added to the S&P 500 index. They opened four more distribution centers since 2000. In 2002, they were recognized as a Fortune 500 company. They had increased their cash dividends for the 30th straight year in 2006 dating back to 1976 when they declared
Now, they have 60 million subscribers in 40 countries today making them the fastest growing company in the world. Their understanding of the actions that the consumer makes before and after their purchases is a large part of their success. Groupon can achieve this by pushing the consumer to buy new things. Each day, they send out a notification that describes the deal-of-the-day along with the availability and price. This allows them to influence the consumer.
Taking its niche retailing to a new level, Forever 21 has embarked on an aggressive growth plan. In the past year alone, the company opened several new U.S. and international flagship stores; acquired Gadzooks, a national retail chain with more than 240 locations and introduced Love 21, a line of accessories. As these investments take hold, the company expected its sales to grow from $600 million in 2004 to close to $1 billion in 2005. The company’s business model is fast fashion, that is, to quickly imitate
Revenue grew with the developing markets leading the race in each of the geographies with an increase in revenue of 24%. This was followed by an increase of 11.3% in Europe and 4.4% in North America. As on December 31, 2010, Kraft Foods had $2.09 million of cash and cash equivalents compared with $2.48 million at the end of year 2010.
He also has had endorsing deals with companies including: General Motors, General Mills, Buick, Titleist, American Express, and Accenture. His Buick endorsement was reportedly for over $40 million. With his prize money and endorsement checks, Tiger Woods became one of the most paid athletes in the world earning more then $220 million in 10 years of being a professional golfer. Tiger Woods has many career achievements. He has 16 major championships and 61 PGA TOUR wins, 7 of them consecutive and 9 of them in one year.