Services AlixPartners 2010 China Restaurant & Foodservice Review May 2010 © AlixPartners‚ LLP‚ 2010 www.alixpartners.com Contents A. Executive Summary B. Industry Environment C. Financial Performance - Profiles of Selected Restaurants D. 2010 China Consumer Survey Results E. Opportunities for Restaurant Chains F. Conclusions 2 2010 Restaurant & Foodservice Review Executive Summary (1) Market Trends Industry Structure The Chinese restaurant industry has grown by about 11%
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Best Buy: Case Study Analysis Company site: www.bestbuy.com Stats: Approximately 180‚000 employees‚ 1‚172 stores‚ $35.9 billion revenue Industry: Electronics/Appliances About Best Buy: “Best Buy began as a small specialty audio retailer in 1966. Today the company is the world’s largest consumer electronics dealer. While many factors contributed to Best Buy’s success‚ one of the most important is its focus on understanding consumer behavior. Best Buy has used consumer research to
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Strengths Best Buy has been the leader in the American Market for consumer electronics. There strength lies in several sales methods‚ one being that they allow customers to browse their selection with little intrusion. Their target customer base is young adults that are tech savvy‚ and the store environment allows for general perusal with sales representative available for general inquiries. The company has sufficiently identified their targeted demographic and have positioned their marketing in
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Schwab Equity Ratings® Report Report generated on 05/28/2013‚ 07:31 PM Best Buy Co Inc SCHWAB EQUITY RATING BBY NYSE A Strongly Outperform Data as of 05/24/2013 BUSINESS SUMMARY Source: S&P Capital IQ Last weeks rating: A Strongly Outperform Percentile Ranking: 1 Data as of 05/17/2013 A Strongly Outperform Percentile Ranking: 3 Data as of 05/24/2013 B 6-30 C 31-70 D 71-95 BUY A 1-5 Best Buy Co.‚ Inc. operates as an e-commerce and physical retailer of consumer
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Overview: Best Buy Co. is a specialty retailer of consumer electronics‚ entertainment software‚ home office products‚ appliances and related services. The company operates both in the domestic and the international segment. Its domestic segment consists of all Best Buy stores and online operations within the United States‚ including the brand names: Best Buy‚ Geek Squad‚ Magnolia Audio Video‚ Pacific Sales Kitchen and Bath Centers and Speakeasy. Its international business covers Canada and most
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Best Buy’s failure in China is another example of a slow‚ arrogant major international player that didn’t understand China. Their own explanation of why they failed: “China’s demand for low prices without regard for service‚” is clearly a lame excuse. By Fang Yu‚ China Entrepreneur magazine Best Buy shut down their nine stores in China on February 22nd‚ and within 48 hours fell into an unprecedented credibility crisis. Customers rushed to Best Buy stores on hearing the news and were locked
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JOHN R. WELLS GALEN DANSKIN Best Buy in Crisis Introduction At the end of fiscal 2012‚ Best Buy found itself in an increasingly challenging situation. Although it could still claim to be the world’s largest consumer electronics retailer with $50.7 billion in revenues‚ growth for the year‚ at 0.9% was anemic. Meanwhile‚ Amazon’s sales in Best Buy’s categories were growing at more than 50% p.a. and its total sales‚ at $48 billion‚ were approaching those of Best Buy. Operating profits were also
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Best Buy’s Valuation Best Buy Co.‚Inc. (BBY) is one of the leading retail stores in the United States. It was founded in 1966‚ and its headquarter is located in Richfield‚ Minnesota. It operates in both domestic and international segments (Canada & Mexico). Best Buy is a multinational specialty retailer that includes six main revenue categories: 32% consumer electronic‚ 46% computing and mobile phones‚ 8% entertainment‚ 8% appliances‚ 5% services‚ and 1% others. Best Buy has maintained a steady growth
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Reporting For Fast-food Restaurants Why do Fast-food Restaurants do Reports? - 25 Fast-food restaurants generate reports to provide information to the team members about the status and progress of the team and the business. Reports for fast-food restaurants contain essential data about the team’s performance and activities‚ including achievements and issues. The team’s accomplishments establish the team’s breakthrough within a specific time frame‚ allowing them to determine where they are in the
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operated nine stores. Best Buy opened its first superstore in 1983 in Minnesota‚ signifying the commitment that Dick Schulze‚ the owner‚ had to discounted‚ value products. Sales grew steadily from 240 million in 1987 to 50.7 billion. However‚ Net income in 2012 was a loss of 1.2 billion. An assessment of the current market presence‚ financial trends and the overall demographic trends in the region is done to analyze the situation and to provide feasible alternatives. Best Buy should use the formula
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