Trader Joe’s is a food retailer that is known across the world. The store was introduced in the 1950’s and started off as a typical convenience store. The original stores were all names Pronto Markets. After about 15 years, the founder of Trader Joe’s, (Joe Coulombe) changed both the name of the store and created a new way of doing things. The new store now not only has a new physical appearance; but has new morals and values. There are many different food retailers across the world; Target, Walmart, and Whole Foods are just a few.…
Walgreens has been a U.S. company since Charles R. Walgreen Sr. opened his first drug store in Chicago in 1901. Today, Walgreens has a total of 8,678 stores, in every state and U.S. territories. Last year, however, it proposed to become a Switzerland firm. The CEO of Walgreens planed to merge with Europe-based Alliance Boots to acquire a legal address abroad even though Walgreens earns most of its profits in America. The reason had nothing to do with manufacturing costs or access to foreign…
The company I choose was Publix Supermarket, Inc. this company began in 1930 in Winter Have, FL by the late George Jenkins. Mr. Jenkins soon went from having two stores to opening a warehouse along with 19 more store sites. As Jenkins continued to add more Publix Supermarket stores he also added on the extra small details the stores now have such as the bakery and pharmacy. Mr. Jenkins always believed the customer was first and held these values to the highest standard, which is why to this day Publix holds the number 1 spot in customer…
Industry and Company Background Kroger is the largest grocery store chain in the United States with 2424 supermarkets located in 31 states. It focuses on high quality products and has a wide range of selection. Each supermarket carries almost 50,000 items to satisfy its ever growing diversified customer base. Safeway is the second largest superstore chain in the country. It operates 1641 stores across western and central region of North America. Safeway emphasizes customer shopping experience and superior customer service. Both companies are in the retail industry and compete heavily across several states in the country. In addition to competing with a number of other grocery chains, Wal-Mart is identified as a major competitor for both firms. (Exhibit 1-1) Besides competition, Kroger and Safeway are concerned with key macroeconomic and internal factors. GDP is highly correlated with sales in the retail industry hence personal disposable income is the most critical macroeconomic factor for retail firms’ operating performance. When individuals have more disposable income, they spend more money in the retail industry. As for internal factors, critical success factors for both Safeway and Kroger include focusing on profitability via cost control and focusing on value creation due to the competitiveness of the industry, customer’s budget concerns, and low switching cost. Kroger is able to offer competitive costs for its private label products by backwards integrating and manufacturing 40% of its corporate brand product. Additionally, Kroger is aiming to reduce the costs of energy by pursuing green initiatives. This program includes the installation of wind turbines for the Turkey Hill Dairy that has allowed Kroger to save over 25% on its electricity bill over the last two years. (Smith and Sweet, 2013) As a result, the energy saving initiative adds up to cost savings of $160 million a year on electricity alone. Safeway, on the other…
This memo contains information regarding the communication strategy for Dr. Martin Wallace, along with recommendations for the Olive Garden at 6410 Grape Road in Mishawaka, Indiana. We will look at the situation Dr. Wallace encountered at this Olive Garden location and we will also discuss initiatives we can take to assist in making sure this situation does not happen again.…
Walgreen’s diversity officer has a lot to do to recover from the class-action lawsuit that was filed against the company which entails both short term and long term approaches. First and foremost, Walgreen’s must develop and accommodative strategy. Second, the officer must set common goals and establish their order and purpose for attainment. Third, for long term recovery, Walgreen’s should consider all options to make sure that people of all racial and ethnic backgrounds have the same opportunities. Fourth, Walgreen’s diversity officer must shape the company’s vision through partaking in leadership skills.…
There is a long ongoing battle that is being waged between unions and business since the rise of large corporations. Unions were created to fight higher official corruption and to protect workers from unfavorable conditions and unfair treatment by top-level officials, companies take extreme measures to prevent the creation of unions within their organizations. There are positive and negative effects for both nonunion and unionized companies. Preventing workers from unionizing is a difficult task for organizations especially as they expand into the global arena. More is demanded from employees usually with little added benefits (thus the reason for unionization). A notable successful company is Trader Joe’s, who’s business strategy and cultural…
Trader Joe’s has distinguished itself among the supermarket and grocer chains. Trader Joe’s set themselves aside by…
At some levels comparison between leading companies in the industry such as Sam’s club and Bj’s has been made. The major problem that we faced during that process was that Sam’s club considered as subsidiary of Wall mart, which made comparison less sensitive.…
References: 1. 2. 3. Appleson, G. (2006, August 14). Grocery chains blur retailing lines as they bottle Wal-Mart. Knight Ridder Tribune, P. 1 Awbi, A. (2006, June 16 Tesco Shifts Focus as foreign business booms. Food & Drink Europe.com. Retrieved August 21, 2006 from http://www.foodanddrinkeurope.com/news/ng.asp?id=68453. Klintenberg, H. (2003). Japanese Food Market Consumer Market Characteristics, and the foreign entry situation from a Swedish Perspective. Gotenborg, Dept. of Human and Economic Geography. Retrieved August 21, 2006 from http://www.handels.gu.se/epc/archive00003058. Ikea to move into specialty grocery market. (2005, July 11). Food & Drink Europe.com Retrieved August 24, 2006 from http://www.foodanddrinkeurope.com/news/printNewsBis.asp?id=61218 Jackson, J. (2006, April 6). Experts discuss bird-flue response: Publix plan for curbside delivery is an example of how business for the worst. Knight Ridder Business Tribune. Retrieved August 21, 2006 from ProQuest. Mujtaba, B. G. (April 2007). Cross cultural management and negotiation practices. ILEAD Academy Publications; Florida, United States. ISBN: 978-0-9774211-2-1. Website: Ileadacademy.com. Mujtaba, G. B. & Johnson, W., (2004). Publix Super Markets Inc.: Achieving Customer Intimacy. Case 15; pages 375-392. In William Johnson and Art Weinstein‘s book entitled Superior Customer Value in New Economy. Second Edition. CRC Press. Orgel, D. (2002, June 17). U.S. Supermarket Operators need a foreign policy. Supermarket News. Retrieved August 21, 2006 from ProQuest Database. Pint Sized Imports. Progressive Grocer (2006, May 15). 8, p. 18. Retrieved August 21, 2006 rom ProQuest Database. Publix. (2006, March 2). Publix Announces 4th Quarter and Annual Results for 2005. Retrieved August 21, 2006 from www.publix.com. Publix. (2006, April 13). Publix Announces Annual Dividend. Retrieved August 21, 2006 from www.publix.com. Publix. (2006). Publix website visited on August 21 2006 at http://www.publix.com 31…
Panera Bread is a casual made-to-order fast food restaurant that offers specialty breads, sandwiches, tossed salads and soups. Established in 1981, with 1,562 company owned and franchised locations, Panera Bread has moved into the forefront of the restaurant business, and has strategically penetrated the market while acquiring a robust amount of loyal customers. Most of the restaurants offer the choice of indoor and outdoor dining. A fireplace inside the restaurant is appealing to many customers during the winter months, of whom are looking for a hot cup of coffee and a place to read their newspaper or book. Coffee, tea, and soda are offered with free refills, and water with lemons is complementary. Indoor tables, free refills, and comfortable tables/chairs make Panera Breads establishment a functional study place for college kids. Every restaurant is well staged with elegant displays of their specialty baked products, making it nearly impossible not to indulge. This fast growing restaurant has maintained a competitive edge due to their appealing interior design, neutral dining environment, fresh baked goods, fresh coffee and tea, made-to-order foods with possible drive-through capabilities, customer rewards card, tables equipped with electrical outlets, and efficient service. Panera Bread establishments, undoubtedly, offer an experience that can only occur at Panera Bread.…
Criticisms of Walmart’s effect on small retailers fall flat because of Americans’ role in that effect. Consumption is the only democratic component of the corporate world: small retailers fail because Americans choose Walmart. Walmart provides cheaper, better, more accessible services than its competition. While competing stores’ closings produce touching hard-luck stories, the shift to Walmart is beneficial for society, because Walmart is much more efficient at every stage of its business. The benefits of this efficiency are less personal and more broadly spread than the costs to smaller competitors, but such dissemination of value demonstrates one of the best qualities of Walmart – its egalitarianism. Walmart provides a good that is accessible to virtually all Americans. The 2006 book The Walmart Effect estimates that 97% of Americans live within twenty-five miles of a Walmart, and Walmart’s low prices assure that the store is also economically accessible. As long as consumers continue to choose Walmart (for understandable reasons), the onus is on small retailers to find better ways to compete.…
What factors are currently involved in successfully competing in the supermarket industry and how will these factors change in the next 10 years?…
In this paper you will read about how Costco uses effective leaders within its company to empower their employees and create a working environment that is enjoyable. This paper will aim to answer three questions: 1.) How does the flexible leadership theory apply to Costco’s operations? 2.) What is the CEO’s role in all of this? 3.) Can this work in your organization? If not, why?…
In 1930, a man by the name of George W. Jenkins founded one of the most dynamic employee-owned supermarket chains in the state of Florida. With challenging work and determination, George and his associates made Publix Supermarket Inc. an industry leader throughout the southeast region of the United States. It has been known to be a wonderful place to work, tops in customer service and satisfaction, while being nationally involved in the community. As of today, Publix has grown to over 1,144 stores in 6 states, and continues to receive awards and recognition from top magazines and organizations. Publix is dedicated to customer value, employee security and the responsibility of planning and managing stockholder’s investments.…