|RESEARCH REPORT |
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|“Why are supermarkets preferred over small retail stores” |
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TABLE OF CONTENTS
|a. |Acknowledgements |- 3 - |
|b. |Introduction |- 4 - |
|c. |Research Process |- 6 - |
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The lessons that the Trader Joe’s story offers to aspiring entrepreneurs who want to get off to a good start in any industry is to understand the advantages and disadvantages of any industry. If an entrepreneur wants to start with Trader Joe’s, he/she would learn to think in smaller retail markets so they can improve food access and quality in neighborhoods with few or no large grocery stores. While the economic advantages of large grocery stores are disadvantages to the smaller markets, small grocers do have distinct advantages. They can offer more personalized service and a greater sense of community. Their smaller pool of employees and customers allow for the development of personal relationships. Corporate grocery store chains recognize the small retail market niche and some are now repackaging their offerings into smaller retail settings. Trader Joe’s is designing new, smaller stores that may offer a more social shopping experience. Through the Trader Joe’s story, entrepreneurs need to explore many facets of their industry they want to dive into.…
The U.K. grocery market is highly diverse, with a wide range of formats, from convenience stores to hypermarkets, warehouse clubs and online stores. The market is currently led by five grocers (Tesco, Sainsbury, Wal-Mart‘s Asda, Morrisons and Cooperative Group), accounting for almost 55% of grocery retail banner sales, while the remaining 45% is attributed to hundreds of outlets scattered throughout the country (Planet Retail). Over the years, large players have continued to expand, both in terms of size, product range and services, increasingly taking market share from their smaller competitors.…
All of the factors listed are issues manufacturers must consider when developing a strategy for getting their products to the final customer.…
There are many different businesses that help in the retail sector to keep the business going and running efficiently and without these businesses it would be extremely hard if not impossible to get a business off the ground or even keep one running.…
COMPANY NAME 2012 A major factor in deciding to pursue the purchase of the grocery store was sustainability. Because food is an item that everybody must consume, the owners determined that in poor economic times a grocery business will still be profitable, all be it, not as profitable as it could be in good economic times, thus, the decision to purchase this type of business rather than restaurant . In other words, the food industry is not impervious to peril; however, if you run the business well, you will sustain tough economic times and larger competition. Small community grocery stores are similar to larger chains, in that, you are connected to a distribution warehouse to provide you with product. There are several grocery distributors in the US. You just need to identify a distributor that provides service to your community. Start up costs was a factor in determining the grocery distributor. Several require certain upfront costs and a commitment of certain amount of weekly service, the owners selected General Distributors, Inc. out of CITY to provide bi weekly service to the community market. The proximity and lower service fees were a contributing factor. Summarizing, a grocery store must be a part of a larger distribution network to receive product deliveries. Consumers purchase products based on cost, availability, freshness, and convenience. Certainly it is convenient to have a local grocery store rather than commute 45 miles to the nearest Wal Mart or other…
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.…
In today’s economic society people are more cost conscious and look for sales and deals when they make purchases. As people are becoming more frugal in their spending, there are still millions of dollars spent annually on purchases. Today’s technology has helped with finding the best deals and although the basic concept of shopping has not changed, the way people shop has changed from brick-and-mortar shopping to logging online and shopping.…
Why is a small business potentially in a better position to achieve customer satisfaction than is a large firm?…
I love to shop. My obsession with shopping started with my heartbreak. My first love broke my heart by cheating on me, and got another girl pregnant. But that wasn’t the worst I was also pregnant but I had a miscarriage at six months. I have the typical Black syndrome, and foolishly believe I do not need therapy and can self-treat psychological issues. I’ve always been strong individual, but my weakness for shopping became eminent after the emotional trauma I 'd suffered. It started out very simple and then it progressed into something bigger than I can imagine. I had a few credit cards and by the time my obsession grew even deeper I had over 10 store cards not including my major cards such as American Express Green, American Express Blue, Discover, and Visa. At first I was doing very well by maintaining the amount of cards I have and really watching my spending. As my depression grows so did the amount of cards I was accumulating and my appetite grew to buy more and more. I have so much stuff throughout the years I had to stop buying things for myself and started with my nieces and nephews who also didn’t want for anything. When I got bored with purchasing for then I started with other family members and friends. I also started giving stuff to charity, family and friends whenever the season would change and I was cleaning. Invitation to party’s, baby and bridal showers really started pouring in because everyone knew I gave very nice gifts. There wasn’t a party I wasn’t invited to which also caused me to sink deeper into a depressive state. I started going back to the stores and shop some more. Getting into my car and driving to the destination, looking at the scenery and smelling the fresh air is always a good thing. It’s always nice to interact with others and it also gives me a chance to meet new…
The India Retail Industry is the largest among all the industries, accounting for over 10 per cent of the country's GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are required to break even with other companies and compete with them. The India Retail Industry is gradually inching its way towards becoming the next boom industry.…
Kedai runcit or sundry shops have been a standard feature of our housing estate landscape ever…
Market is a place where u can satisfy both your needs and wants, from necessities to luxury goods, you can find it there. We called them convenient stores as they are never too far from your neighborhood and you are able to locate them wherever you go. In Malaysia, we have minimarkets like 99 Speedmart and Hypermarket like Jusco. Therefore, let us discover the differences between mini market and hypermarket.…
THE IMPACT OF INVESTMENT AND CONCENTRATION AMONG FOOD SUPPLIERS AND RETAILERS IN VARIOUS OECD COUNTRIES…
This is a favourite topic especially for women. Most of them enjoy shopping , very often buying things which even don’t need. A woman goes to the supermarket to buy bread , butter and milk but her attention is attracted by many nice things such as new type of detergent, chocolate biscuits, cereals for loosing weight or new type of cheese. In half an hour she is approaching the cash desk with a full trolley and spending here all her cash. This is something what most of men can’t understand it. But for women is very hard to resist temptation among thousands of bargains and sales.…
Consuming has never been about the basic needs, some people argue that consuming has become about peoples individual identities and self-expression. On the other hand others argue that families and peoples communities help shape how they consume.…