State Farm's 17,700 agents and 68,600 employees serve 81 million policies and accounts - more than 78.7 million auto, fire, life and health policies in the United States and Canada, and more than 1.9 million bank accounts. EXECUTIVE SUMMARY State Farm is one of the larges insurance companies in the United States since 1942. It founder by G.J. Mecherle in 1929 who believe “Honesty isn’t the best policy – it is the only policy”, which is the drive and service that is still true today. State Farm insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada.
Over its 60 years of business, Lowe’s has expanded all across the country and now operates stores not only in the United States, but also in Mexico and Canada. Although times have changed since Lowe’s first opened its doors in 1946, Lowe’s values have not— the company remains committed to offering high-quality home improvement products at everyday low prices, while delivering superior customer service [ (Lowe's Company Information, 2012) ]. Lowe’s operates more than 1, 745 stores in the United States, Canada, and Mexico. They employ more than 248,000 people and serve about 15 million customers weekly. The stores stock 15 product categories ranging from appliances and tools, to paint, lumber and nursery products.
Janmar Coatings has two market segments, Dallas Fort Worth and Non-Dallas Fort Worth. DFW has 80 of the stores and Non-DFW 120 of the stores. To break it down more, the other two segments within those two areas are do-it-yourselfers and professional painters. 70% of sales of professional contractors are in DFW area and 70% of sales of do-it-yourselfers are in non DFW area. Each area accounts for 50% of the sales.
The textile industry grew rapidly from 8,000 spindles in 18008 to 31,000 in 1809, and 80,000 in 1811. The United states became a major industrial nation by 1860. However except for textiles, leading U.S. Industries did not widely use the industrial processes. Industries such as iron and steel did not apply new manufacturing techniques on a large scale in the U.S. Until the final third of the nineteenth century. Industry had diffused to other parts of the world during the twentieth century, including, Japan ,
It first opened in 1962 as Dayton Hudson Corporation, but was later changed to Target Corporation in 2000. It is the second largest retailer in the United States. 1. Business Strategy: Distribution channel and manufacturing While Wal-Marts’ competitors use twenty five percent of their stores space for inventory storage, Wal-Mart only needs ten percent. This is because of their distribution channel which consists of just in time inventory (JIT) and cross docking. This means that products are received just in time in one side of the warehouse and are sent through the other side.
MBA611 Week 2 | Core Competencies | | | | | Background Kmart was once the one of the largest chain of department stores in United States . The company was established in 1899 by Sebastian S Kresge under the original name SS Kresge Company. However, the first Kmart store was not opened until 1962 in Michigan. The name was officially transformed into Kmart Corporation in 1977. The company receives tremendous attention due to its Blue-light Specials arrangements , where they provide incidental discounts in specific departments of the store The image grew through the 70 's and 80 's (`Corporate History , 2006 When the company enters the 90 's , its course of luck began to change The company no longer experience considerable growth in image and profits , but instead , experienced a chain of problems that finally lead to its bankruptcy in 2002 (Evans , 2002 .
Sainsbury’s Background information Sainsbury’s is the UK’s longest standing major food retailing chain which was founded in 1869 being established as a partnership when John Sainsbury’s and his wife opened a store in Holborn, London. Selling fresh foods then later expanding into packaged groceries like tea and sugar. Today Sainsbury’s has 1,200 super markets and convenience stores employing over 161,000 people. Sainsbury’s was the largest grocery retailer in 1922, as 1995 came, Tesco became the market leader and Asda became the second largest putting Sainsbury’s in third place. Ownership Sainsbury’s PLC is a Public limited company which means that they have their shared bought and sold on the stock exchange.
Table of Contents Company Overview…………………………….……………………...3 Financial Statements…………………………………….……………4 Summary of Financial Statements………………………………8 Ratio Calculations…………………………………………………….10 Comparison of Ratios………………………………………...……..11 Discussion of Key Statistics……………………………………….12 Forecast…………………………………………………………………...13 Other Pertinent Information……………………………………..14 Recommendation……………………………………………………..15 Reference Page…………………………………..…………………….16 Company Overview: Publix Super Markets, Inc. is an American supermarket chain. It is the largest and fastest growing employee owned supermarket chain in the United States. Publix is a privately held company with operating stores in Florida, Georgia, South Carolina, Alabama and Tennessee. Publix was founded by George W. Jenkins in 1930 in Winter Haven, Florida. It has since grown into a Fortune 500 company with more than 1,000 stores.
The carpet and rug sales industry, which consists of approximately 100 manufacturers, had sales of almost $12 billion and $18 billion at manufacturer’s and retailer’s prices, respectively in 1999. Sales increased 7% over the past year, which was segmented between contractors and retailers. Retailers currently account for 74% of sales. The top ten companies within the industry produce 91% of sales, while the top three dominated the industry, amassing 85% in sales. The largest companies are Shaw Industries, Mohawk Industries and Beaulieu of America; Shaw is currently the worldwide leader in sales.
Marketing Mix Lowe’s Companies MKT/421 Marketing April 12, 2012 Marketing Mix Lowe’s was founded in 1946; Lowe’s has developed from a small hardware store to the second leading home improvement retailer worldwide and the 7th largest retailer in the United States (Lowe’s History, 2012). Lowe’s runs more than 1,745 stores in the United States, Canada, and Mexico. In 2011, Lowe’s received numerous distinguished industry awards, including number 50 on the Fortune 500 list, and three- time winner of the Energy Star Excellence Award in Retail (Lowe’s, 2012). Lowe’s sells a wide-range of home improvement products in its large, warehouse-style stores ranging from appliances to tools, paint, lumber, and nursery products. Lowe’s stocks 40,000 products in 16 categories (Lowes, 2012).