Preview

IM Macy s 2

Good Essays
Open Document
Open Document
599 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
IM Macy s 2
1. Macy’s is one of very few brands in the retail business that can credibly be called an icon, and the flagship store in New York and the Macy’s Thanksgiving Day Parade are considered a commercial and cultural legacies. Since some years ago Macy’s Inc. has undertaken an extensive effort to transform Macy’s from a regional to a national brand, redefining itself.
Macy’s national branding strategy is offering a more localized, personalized retail customer experience. My Macy’s is a sweeping initiative designed to embed a customer-centric orientation into every aspect of the company’s operations, and it reflects the way Macy’s wants its customers to view their personalized relationship with the company every time they interact with the brand. Macy’s believes that the aim is consistency and the key is data.
To implement the kind of customer-centricity envisioned a customer data strategy was a prerequisite. So was needed to consolidate the various data repositories that had accumulated from predecessor companies, and for realizing the foundational importance of this work on a long-term macys.com need to turn to IBM to provide guidance and tools. To finish the virtually transformation macys.com worked to put in place the architectural elements needed for a 360 degree view of its customers to support a strategy of multichannel integration.

2. Considering this IT implementation Macy’s is able to know customer’s preferences and create dynamically customizes recommendations or personalized promotions and these information established a deeper level of engagement between the customers and the brand, the customer loyalty, wallet share and the sales will increase. This implementation improved the decision making and optimized the distribution center. All these benefits had make Macys’ a much more customer-centric company.

3. A data strategy was a pre-requisite towards Macy’s multichannel model to Macys’ be able to become more customer-centric. This mean, it was needed to

You May Also Find These Documents Helpful

  • Good Essays

    According to the Kudler’s sales and marketing departments research this type of system will increase revenue and cost reduction for Kudler. Kudler identifies that knowing exactly what the customers purchasing habits, supply needs, and preferences are would enable Kudler to purchase only what will be sold. Therefore, it will stop Kudler from stocking on items that do not sell and are not attractive to the customer.…

    • 907 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    In order for this program to be efficient, it would be necessary for customers to be given a bar-coded card which would be swiped at the time of purchase and electronically record their points. The point system could be a point:dollar one. For each dollar spent, one point would be accumulated. The current information technology database has what is identified as a “customer table” with demographic information for birthday and anniversary mailings. This will need to be modified to include the Frequent Shopper purchases on a cumulative basis. After accumulation of a certain number of points (to be determined by Kudler), the customer will be able to redeem the points for a gift of his/her choice.…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Kudler Fine Foods

    • 969 Words
    • 4 Pages

    To enable tracking of customer patterns of shopping, rewarding specific behaviors with options from airline miles to high end gift items.…

    • 969 Words
    • 4 Pages
    Better Essays
  • Good Essays

    A strong operating performance is one of Nordstrom’s biggest strengths. Nordstrom displays a steady revenue growth, which is caused by the strength of Nordstrom full-line stores as well as the growing online business and improvements to Nordstrom Rack stores. Due to the strong operating performance, Nordstrom gains more confidence from investors than their competitors. Multi channel operations are also a strength that Nordstrom displays. Products are available through the company’s full-line stores, discount stores ‘Nordstrom Rack’, ‘Jeffrey’ boutiques as well as the internet allows the company to improve sales and inventory turnover. Nordstrom also allows customers to purchase items online and then pick the items up at a store the…

    • 612 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Ibm 211 Week 3

    • 4383 Words
    • 18 Pages

    IBM® Telecommunications Data Warehouse V8.4 delivers the following capabilities to communication providers: • • • Common customer view: Helps integrate customer identifiers, organizational structures, and account hierarchies across lines of business and functions. Product life cycle management: Helps integrate product management and performance measurement across lines of business and functions. Campaign performance management: Helps improve program planning, tracking of sales and marketing activities, and performance metrics across channels and touch points. Service management: Helps analyze usage, availability, and customer experience of new services, self-service, and new monetary services.…

    • 4383 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    BSA 375 LT Assignment Week 5

    • 4703 Words
    • 15 Pages

    The Frequent Shopper Program for Kudler is specific in addressing current and future customers by rewarding them for shopping with the company. Both business and technical functions will be addressed as well as improved communication between the sales and marketing and purchasing departments. The goal is to provide better response to customer demands while rewarding the customer and accomplishing this in an efficiently fast manner. A marketing plan must be developed to inform current and potential customers of the program and encourage them to participate and take advantage of the benefits offered by the program. In utilizing an outside source for the program, Kudler will be able to provide a good relationship between the IT resources of the outside source and the internal sales and inventory systems. There is also a need to modify the two different databases and the GUI in order to allow for smooth data transfer and communication.…

    • 4703 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    As companies grow that they play a larger part in their market, they will have the need to grow their technology ability to stay competitive. This can be done by bringing in new devices that allow users to be more efficient in their positions or by providing new software that will allow the company to change their business practices to stay ahead of their competitors. Kudler Fine Foods have identified a need in their business process to bring in new technology to help strengthen customer awareness and sales. As per service request SR-KF-013, the Manager of Kudler Fine Foods has requested an information system for a frequent shopper program that will give them the ability to track customer’s purchases and give the customer loyalty points that they can use to redeem gifts, services, or other products. This will be a change to the company’s business practices and a benefit to the company as well. To complete this project there are many different steps that need to be accomplished to complete the new information system for Kudler.…

    • 4411 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    Macy is a top company in the Retail Industry specialized has a chain of mid-range American department stores which deals with product such as clothing , footwear , bedding ,furniture , jewelry ,beauty product and house wares . It common business activity and principal product or commercial enterprise are classified as being part of the Retail Industry…

    • 549 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Nordstrom Vs. Technology

    • 329 Words
    • 2 Pages

    The retail industry is rapidly changing due to technology advancements and consumer demand. Consumers have shifted to ecommerce spending rather than with brick and mortar stores. Nordstrom, a leader in the retail industry, is facing growth issues in retaining consumers under this transition. Despite this major shift in ecommerce spending, Nordstrom has been able to tap into the market by offering a seamless online shopping experience, similar to the experience customers receive in store. Bloomingdales and Macy’s, Nordstrom competitors, are also facing these issues but are less successful in adaptation. The overall trend will force expansion in their online presence, to mitigate the risk of market share loss. Amazon,…

    • 329 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    I think that because Macy’s caters to many different people of races, income brackets and even social standings the way in which they communicate is above and beyond excellence. Because of this diverse culture you have to be able to interact with everyone and have great people skills to get your ideas and products out in the public’s eye.…

    • 377 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Nordstrom Essay

    • 1313 Words
    • 6 Pages

    Nordstrom’s ample understanding of consumer behavior has helped the company grow immensely over time. A main reason is Nordstrom’s philosophy. Nordstrom focuses on empowering the managers and sales force to make decisions that favor the customer, not the company. By focusing on the customer, they were able to retrieve information necessary to expand the business. For example, Nordstrom’s realization of a market for women’s clothing pushed them to expand beyond their small shoe store. They were able to be successful with this due to their marketing research on women and their understanding…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Better Essays

    ch07 c

    • 2417 Words
    • 9 Pages

    4. Throughout Macy’s stores, special displays encourage shoppers to view promotional videos and access product information using their smart phones or other mobile devices. This type of in-store promotion is called a dual modality retail strategy.…

    • 2417 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Macy's Growth Trends

    • 557 Words
    • 3 Pages

    is one of the nation’s premier retailers (Macy’s Co. 2017). With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 125 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage (Macy’s Co. 2017). Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com (Macy’s Co. 2017). Their two competitors are Dillard’s and Lord & Taylor and they seek to bring in customers by being able to offer superior product selections. Macy’s is recognized as a retail industry leader in developing private brand merchandise that differentiates the assortments in our stores and delivers exceptional value to the customer (Macy’s Co. 2017). Merchandise for each private brand, available “Only at Macy’s,” is developed to appeal to a certain customer lifestyle and is supported with marketing programs that create a precisely defined image (Macy’s Co. 2017). Our brands have fully developed brand profiles targeted to specific consumers and are supported with national advertising and branded in-store environments (Macy’s Co.…

    • 557 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “The difference between the winners and losers in retail increasingly comes down to one factor: tech savvy” (Sherman, 2012). The retail marketplace is increasingly competitive and therefor undergoing constant change to attract and convert consumers. According to the survey conducted by the retail consulting firm RSR, “firms that outperform industry averages for annual same-store sales comparisons tend to use and understand specialized computer software tools to manage specific aspects of merchandising” (Sherman, 2012).…

    • 708 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Readings Summarys

    • 911 Words
    • 3 Pages

    of broad groups. One-to-one communication will allow for customized marketing packages and the ability to maximize revenues. However, information management systems currently in place are not capable of tracking customers to the degree needed to support a one-to-one marketing approach. Therefore, it...…

    • 911 Words
    • 3 Pages
    Good Essays