Retail Store Essay

Segmentation The store offers in a wide variety of consumer goods from clothes, groceries, pharmacy, shoes, pet accessories and electronics. The median age of “guests” for Target is 40. This is the youngest among all other retailers it competes against. This instills the point that Target strives to be a fashion forward retailer. Other interesting things to note about Target shoppers is that approximately 43% have children at home and 57% have completed college. As the above facts show, Target stores tend to

Walmart: Company Profile This report looks, in detail at Walmart. A retail powerhouse which has been at the top of its game since not long after it was founded in 1962 (Jacques, 2002). The discount grocery retailer has evolved into what it is today by making careful and meticulous decisions to ensure it is highly profitable as well as affordable for all consumers. Sam Walton, the founder, is quoted to have said that his initial philosopher when he founded the company was that his undertaking should

Aldi, being one of the biggest grocery store chains, approaches their business with unique strategies, to maximize their profits and insure their values. Aldi uses a Cost-Focused strategy to gain the edge on their competitors. By only selling what they consider “essential items,” it allows their cost focused strategy to be effective. Through their unique history and evolutions over time, Aldi has proved to be the “smarter choice” for many consumers

Macy’s has become one of the greatest retail stores in the United States. Since they first opened their doors to customers in 1858, Macy’s stores have always been grand and innovative. They have changed their stores quite remarkably since it’s beginning. Macy’s elegant charm has brought in customers who have help turn this retail store into a huge company. Currently Macys has 850 department stores in 45 states. Most Macy’s stores are quite spacious and have two to three levels in which they market

Wal-Mart Stores have been around for more than 50 years, opening the first store in Rogers, Arkansas in 1962. After an early success of a small dime store Mr. Sam Walton wanted to expand on his business knowledge and liked the idea of living in a small town where he and his wife could enjoy a small town living. Through the success of Wal-Mart Stores create lower cost and great service to its customers, Mr. Walton opened the Sam’s Club franchise and even making some of the Wal-Mart stores Supercenters

“JCP”. Overview of Retail Industry & Department Stores The retail industry has always been a large portion of the U.S. economy. In 2012, the industry had nearly one million stores and accounted for four trillion dollars in revenue. An estimated two-thirds of the U.S. GDP

Best Buy is a household name among the electronics industry. In recent years they have seen a decline in profits and are forced to close fifty stores in an attempt to restructure. In an attempt to understand the competitive forces that Best Buy must overcome and determine their strategic position in the electronic marketplace I will utilize the Porter six forces framework. Porter’s Six Forces | | SupplierPower:MODERATE to HIGH * Panasonic * Sony * Samsung * Vizio | Threat of Substitution:

Dollar Tree exists in the discount retail industry that, while evolving and shifting occasionally, has existed for over a century in various forms (Woloson, 2012). Dollar Tree is not presenting a new idea, product, or service and does not appear to be innovating in any major way. I do not see a reasonable argument to classify Dollar Tree as a prospector. A weak argument could be made that Dollar Tree is attempting to improve on the original idea of a discount store and has been innovative in its concept

merchants. The model of the business supposed to thrive in recession period. The stores sell all most everything, which includes consumable products like foods, health and beauty, paper goods and chemical, as well as animal food. Beside consumable product the store do sell school and party supplies, child care product and cloths, home appliances and some basic electricity product. "Dollar General operated over 13,000 stores in 43 states as of October 28, 2016. In addition to high quality private brands

growing in the Midwest. Because of this, he purchased land in Minneapolis and began Dayton Dry Goods Company, which became what we know today as Target. Dayton’s principals are the foundation for many of Target Corporation’s values to this day. Dayton’s store soon became synonymous with reliability and fair business practices. After Dayton’s death in 1938, he passed his business along to his son, who grew the Dayton Company into a nationwide retailer. In 1911 the company was renamed as The Dayton Company