Preview

Sporting Goods Store

Good Essays
Open Document
Open Document
1011 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sporting Goods Store
Sporting Goods Store
Bill Thompson is the new manager of a retail sporting goods store in Vermont that is part of a national chain. Bill, who is 25 years old, has been working for the company for four years. Before his promotion he was the assistant manager for two years at a company store in Delaware. Last week he was briefly introduced to the employees by his boss, the regional manager.
The profit performance of this store is below average for its location and Bill is looking forward to the challenge of improving profits. When he was an assistant manager, he was given mostly minor administrative duties and paperwork, so this assignment will be his first opportunity to show he can be an effective manager. The base salaries of the 20 employees who work in Bill's store are set by the company, but appraisal ratings by the store manager influence the size of an employee's annual merit raise. These recommendations must be justified to the regional manager, especially if they are not consistent with individual and department sales. Bill can suspend or fire employees with the approval of his boss, but in practice it is difficult to do so unless the recommendation is supported by a strong case.
The store layout and most prices are set by the headquarters office. However, store performance can be affected to a limited extent by the store manager. One way is to keep the cost of employees low by making sure they are working efficiently and not taking excessive sick days. Another way is to ensure that employees are providing a high level of customer service so that customers will return to make other purchases rather than going to different store next time. Customer service depends on knowing the products well, being polite, providing prompt service, and making sure that inventories of popular goods are maintained so that customers can find what they want. Pay is low for this type of retail selling job, turnover is high, and it takes a few months for a new employee to

You May Also Find These Documents Helpful

  • Good Essays

    Internal Customers – In a superstore, Internal Customers expect a high quality of standards. For example for the bare minimum, the shop should be clean. By this I mean the floors should be clean (spillages immediately dealt with), the stock should be stacked tidily, and the toilets should be clean. As I said that is the minimum that any shop could probably get away with. In order to further themselves, a store should have regularly cleaned toilets (hourly checks), polite and well-spoken staff, as these are the people that represent whatever company it may be. Internal customers would also perhaps expect specialised parking because of the fact they are staff, this is a good idea however, as it means the customers can park easily without staff taking their spaces. Another expectation would be the need for well-lit shops, if you walk in to a store and the lights are dim and boring, this doesn’t give a good impression, bright lights make the shop more vibrant and makes customers and employees feel much more awake. Also, even though Internal customers are employees of the shop, since they are currently not working, they would not be permitted to enter the ‘warehouse’ to get something which isn’t on the shelf and would have to ask another member of staff for assistance.…

    • 830 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Wal-Mart

    • 572 Words
    • 3 Pages

    Wal-Mart’s total assets increased by 7,277 million from 2009 to 2010. Similarly, the total liabilities of Wal-Mart have increased 1,427 million from 2009 to 2010.…

    • 572 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Harrod's Sporting Goods

    • 1006 Words
    • 5 Pages

    For all three ratios (profit margin, return on assets, and return on equity) the trends from 2004 to 2006 remains the same. All three ratios increased from year 2004 to 2005, but dramatically decreased from 2005 to 2006 dropping below the percent ratios of 2004. The increase of Profit margin indicates that Harrods sporting goods had a higher return on the sales dollar which shows good cost control, the decrease (2005-2006) of the same ratio indicates the company having a lower return on the sales…

    • 1006 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    6. Another issue i found is that Ethel decided to give everyone a raise and a promotion when we know that it is unfair for others when Nick is getting one also. This would cause a financial impact because Ethel does not know what is really going on and who is not doing their job well. Therefore, money would be lost for not properly evaluating each employee's performance; both objective and…

    • 286 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Trader Joes

    • 730 Words
    • 3 Pages

    After reading this it makes me want to be a manager for Trader Joe's. There making a lot of money. But with the workers that work for them there given a lot of benefits with all the health, dental, vision and etc. Also they're given promotions from within philosophy because they're privately own. Also they tell there employees to try the produce so when someone has a question about something they can take them to something that is something there thinking about or better. Trader Joe’s has designed jobs to increase job satisfaction by showing appreciation in providing more benefits to their employees than other chain grocers. They provide starting benefits including medical, dental, and vision insurance, company-paid retirement, paid vacation, and a 10% employee discount.” Traders Joes also recruits people with certain personality traits that the company wants in their stores. They are able to enrich their employees with knowledge of their products that they are selling, as well as inducing customer involvements. As a result, they are able to have higher job performance because they are able to train and nurture their employees to have the same values and philosophy as the company, as well as granting supreme employee benefits.…

    • 730 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Dick's Sporting Goods

    • 3312 Words
    • 14 Pages

    First and foremost, a major competitor of Dick’s Sporting Goods is Sports Authority. Sports Authority is an industry leader providing a wide variety of brand-name sporting goods, relatively similar to Dick’s. The store’s headquarters is located in Englewood, Colorado. According to Yahoo Finance, “The company operates over 450 stores in 45 U.S. states very similar to Dick’s 500 stores in 44 U.S. states. As of 2011, employment consisted of 14,250 associates.”…

    • 3312 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    harolds sporting goods

    • 611 Words
    • 3 Pages

    2. In analyzing the profitability of ratios for Harrods’s Sporting Goods, we observed that for the years 2007 and 2008 there were a higher return on sales dollars of 5% when in comparison to that of the industry average of 4.51 %. In 2009, Harrods’s Sporting Goods experienced a slightly decrease on its ROS with 4% below the industrial average of 4.5%' We also noticed that, Harrods’s Sporting Goods ROA for the years, 2007,2008,2009, was good as they were able to obtained an increase(6%,7% and 6%) above the industry average of 5.10% ,meaning they had a rapid turnover. With this information, the industry ratio produced a turnover on assets of 1.33 times in 2009. On the other hand, Harrods’s Sporting Goods generated a 1.43 times in2009 according to its ratio of sales to total assets in the same year. In conclusion, the fact that Harrods Sporting Goods produced a better average than the industry ratio in terms of sales per dollar of assets puts them in a better position to stay in businesses.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Gm 591

    • 5630 Words
    • 23 Pages

    Each floor is assigned a floor manager who reports to the store manager. The staff consists mostly women and the men do more of the inventory and moving of stock. Being that it is the retail industry, the organization main focus is to promote great customer service. Customers are the heart of the business. I recall when I got hired the store manager mentioned, “without the customers, we are nothing.” Members work either full time or part time, five days a week and are given two days day off weekly. My organization is very diversified. Workers are from all over the world e.g., Egypt, Bangladesh, Morocco, Africa and the Caribbean. Hence there is a mixture of norms, values and personal preferences. Each worker is assigned different sections and is expected to maintain their section and know everything about it to quickly assist customers in fulfilling their needs. Members wear a nametag so customers can easily identify and communicate effectively with us.…

    • 5630 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    Walmart Online

    • 326 Words
    • 2 Pages

    I feel Walmart has attempted to position themselves on their website as the one stop retailer for whatever a consumer may want. It showcases everything on the site from Elctronics, furniture, and groceries. On top of having everything at one place, they also offer free shipping making shopping at Walmart online not only convenient, but also at bargains of prices and an easy way to get it.…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Trader Joe's

    • 736 Words
    • 3 Pages

    1. The most important managerial skill for a store Manager at Trader Joe’s is to have critical thinking abilities. In order to effectively handle the day in and day out procedures it is important for the manager to be able to solve problems with accurate information, because in any event of a posed threat or accident, the manager must be able to perform adequately. Also, it is very important the manager is able to analyze the ways for which enhancement, and modernizing the workplace, are most attainable. Having effective judgment is also important, as this is crucial when making employment decisions, deciding what to purchase, and how to be of better service to the consumer.…

    • 736 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Wal Mart

    • 1969 Words
    • 6 Pages

    Wal-Mart is an American multinational retail corporation and one of the leading discount department retail stores (Wikipedia). It is the highest- grossing company in the United States (Fortune 2008a), and is by far one of the most successful companies worldwide. Wal-Mart offers a place to buy the majority of our goods under one roof like electronics, furniture, clothing, pharmacy, sports, food, books etc. Wal-Mart sells good at lower price than the others and this is even shown by its slogan “save money, live better”. It drives out smaller and sometimes even the expensive stores out of business due to its lower prices. Wal-Mart provides jobs for thousands of people in the society including the low-skilled people. It represents a trend of one stop shopping where we can get almost everything that we want.…

    • 1969 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    c) Problems in training and development are present in the regional office when 70% of the employees did not initial their appraisals even though it’s company policy. This shows that the firm is undisciplined and has no proper foundation or structure to follow. This sets a negative example to workers because if they see that policies are not taken seriously they tend to slack off and not perform to their utmost capacity.…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Whole Foods Market

    • 1462 Words
    • 4 Pages

    A. SIC/NAICS #’s - The SIC number for Whole Foods Market, Inc. is 5411, which implies grocery stores. The NAICS number for Whole Foods is 445110, which means supermarkets and other grocery (except convenience) stores. (Mergent Online)…

    • 1462 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Trader Joes

    • 3077 Words
    • 13 Pages

    Trader Joe 's is a privately owned grocery store that sells a variety of natural and healthy food and beverage options. Their headquarters is located in Monrovia, California and they have about 350 stores in roughly 25 states. It was started by Joe Coulombe as a Los Angeles convenience store chain in 1958, and then the company was bought in 1979 by German billionaires Karl and Theo Albrecht, who founded the ALDI food chain. Trader Joe’s competes within their niche market of organic and health food grocery stores with stores like Wild Oats and Whole Foods, as well as big grocery stores such as Hannaford, Roche Bros, and Market Basket. To keep costs down, its stores have no service departments and average about 10,000-15,000 sq. ft. The company 's specialty is its line of more than 2,000 private-label products (70% of sales), including beverages, soup, snacks, and frozen items. Some observers think that sales per square foot at Trader Joe 's are hovering at about $1,000 -- twice the level of typical supermarkets. Sales last year were roughly $8 billion, the same size as Whole Foods and bigger than those of Bed Bath and Beyond.…

    • 3077 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Providing Quality Service

    • 1681 Words
    • 7 Pages

    They think about the delivery process and certain standards and use this to meet customer expectations. They know that in retail industry they have to provide customers with a couple of key benefits. Products of high quality that ensure the customer will return for future purchases. They also take in consideration how customers want products that have reasonable prices. Affordable prices make the retailer have a better chance of standing out from the competition and stay in the business for many years. As part of the process, the merchandiser pays close attention to the types of products offered for sale, how to best present those products to consumers, and determining what a reasonable retail price is for each unit sold. The typical consumer will go to great lengths for the cheapest prices. In the retail industry they have to maintain good…

    • 1681 Words
    • 7 Pages
    Powerful Essays