Should Mr. Jones convert Smithon to an S corporation and change the fiscal year end to a calendar year end? A: Converting Smithon to an S corporation has merit if the goal is for Smithon to remain controlled by a small number of shareholders. However, the equipment deductions for the corporation may be more valuable than it would be to Johnson personally. Either way, Smithon's value to Johnson will be the same, if he purchases Smithon outright. Changing to a calendar year end has little useful effect, and it requires that Smithon produce a short-year tax return from Dec to Jan, which is a relatively unnecessary administrative expense.
If you were TDC's CEO, how would you react toTelmore's entry? * Lower prices to compete against Telmore * Differentiate from Telmore to maintain or increase customer willingness to pay * Do nothing Does Telmore have any advantage relative to TDC? How would you describe its advantage? Telmore has a competitive advantage over TDC due to its lower, lean cost structure, completely different value chain and a unique fact of having only one plan, which facilitated low-cost structure. Telmore could reduce its costs due to offering its customers only one product – pre-paid service.
As stated in the paragraph above, the need for this change is to allow for us to keep close ties to our customers via the new customer management system. We must keep close ties to both our long-standing customers and our new customers as well. Implementing these new management systems will allow to strengthen our relationships with our existing customers while the new systems will also allow for our relationships with new customers to continue to grow. We have a goal of fifty million dollars to reach, to reach this goal we must increase sales to existing customers, increasing sales by forced promotion; price discounts; and customer user group services. We must also expand sales to our newer customers by utilizing public relations activities, trade shows, brand development, and sales force promotions.
Brand recognition is the biggest factor to success in the U.S. clothing stores industry. A successful retail company is one that makes comfortable, affordable, and fashionable clothes. Gap Inc. has gone through several changes in order to continue to meet these customer demands. 3. Develop a competitive strength assessment of the four major competitors in the U.S. family clothing stores industry using methodology presented in Chapter 4.
Therefore, companies employ various strategies to advertise and sell their products or services. Companies try to promote and sell their products to customers that they have identified in a target market. They implement marketing strategies to help accomplish the goal of profitable sales. Hence, marketing strategies are vital to the success of the company and the marketing strategy that a successful company employs will seek to overcome shortcomings and increase the company’s revenue. Lane Bryant is one such retail store that has developed marketing strategies that has made them one the most profitable retail stores for women who are larger in size.
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.
London’s Carnaby Street was a new fashion wave described as modern in the 1960’s. Rapid growth and success came from the ability to bring key fashion trends to its store for the fashion forward consumers, both men and women. The firm’s product line became more “mainstream” in the 1980s, targeting a larger market, as a result of growth throughout Canada and the move to the United States. Le Chateau then found itself targeting young adventurous women under 21 who enjoyed a Saturday night out, before the reposition in the early 2000’s to market to soccer moms and career focused women who wanted upscale, high quality
Looking ahead she sees a lot of opportunities to bring value around the world. TJX has one of the widest range of demographics in retail. TJX believes that they will gain more U.S and international market share. They plan to become more aggressive toward marketing to attract new customers for the up-coming year. They also plan to upgrade the shopping experience by offering new and exciting initiatives.
Terry’s key performance areas are focused on the location of her store and the brand of upscale products to provide consumers in that location. So I believe her goal is realistic because she has researched on her products quality, the customer demand for the product in the area and considered the income range that would afford the products. Not only is Terry’s goal realistic but it will help her be successful in her business. Terry’s idea for her eyewear business will be successful because of her effective planning and well thought forecast on her financial objectives. Terry estimated her investment on the product should be 75,000 to 95,000 in inventory to begin with considering off peak times when customers are likely to buy.
Rapidly changing fashion trends and shorter product life cycles do not only require innovative marketing strategies, but also responsible sourcing models and efficiency in terms of the supply chain. In order to establish and maintain a long-term competitive advantage, a firm has to improve the overall value chain to ensure fast supply of new collections, as well a convincing marketing and store concept. Why is outerwear fashion a good industry to invest in? As the demand for new clothes will continue to rise, investments in the fashion industry have significant future potential. MarketLine reports: The global women’s clothing industry is marking a 12% increase in five years, expected to exceed $621 billion in 2014.1 Within this industry we analyzed two companies, Abercrombie & Fitch (A&F) and ZARA, for which we predict different future outlooks.