T.J. Maxx BUSN 5200 T.J. Maxx History 1919 New England Trading Company 1929 First retail ladies hosiery 1956 Stanley & Sumner Feldberg opened first discount store 1962 Company become incorporated as Zayre Corporation 1969 Purchased Hit or Miss – Upscale off-price fashion market 1977 First T.J. Maxx name stores opened in Massachusetts 1983 Chadwick of Boston – Mail order 1984 Membership warehouse Club – BJ’s Wholesale 1988 Re-organization – Zayre sold to Ames Dept
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Kelsie Bellino Homework Assignment for Week 4: • Prepare a ratio analysis for the fiscal year ended Dec 31‚ 2012. Organize your analysis per the following outline: (1) Liquidity - Current ratio: current assets/ current liabilities= 25‚000/17‚000 = 1.47% - Quick ratio: current assets-inventory/ current liabilities= 25‚000-17‚000 / 17‚000 = .25 (note: 17‚000 cancels itself out) Comments on liquidity: Cannot tell if these ratios are good or bad without more information on the company’s
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BUSN 5200 Homework Assignment for Week 4: For Week 4‚ please complete the following for Joe’s Fly-By-Night Oil Company‚ whose financial statements are shown below: • Prepare a ratio analysis for the fiscal year ended Dec 31‚ 2012. Organize your analysis per the following outline: (1) Liquidity - Current ratio: 25‚000/17‚000=1.47% Quick ratio: 25‚000-17‚000/17‚000=25‚000 Comments on liquidity- The results cant really determine how well or bad the company is doing
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1. (Monthly compounding) If you bought a $1‚000 face value CD that matured in nine months‚ and which was advertised as paying 9% annual interest‚ compounded monthly‚ how much would you receive when you cashed in your CD at maturity? PV 1000 Annual interest Rate 0.09 r 0.0075 n 9 1069.560839 Amount at Maturity: $1‚069.56 2. (Annualizing a monthly
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McDonald Corporation One McDonald Plaza Oak Brook‚ IL 60523 USA BUSN 5200 Company Description McDonald’s is the leading global food service retailer with more than 33‚500 local restaurants serving approximately 69 million people in 119 countries each day. For years their philosophy of providing good food for a low price has led to astounding growth throughout the world. This has led to new jobs and economic benefits for wherever the stores are located. More than 80% of McDonalds
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McDonalds: A Case Study Case Study: Mcdonalds McDonalds is widely considered the “king” of fast food restaurants. Started as one restaurant in 1955 by Ray Kroc‚ McDonalds is now a worldwide chain offering everything from a traditional hamburger to Frappuccino’s and everything in between. The McDonalds website states” Ray Kroc wanted to build a restaurant system that would be famous for food of consistently high quality and uniform methods of preparation. He wanted
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McDonald’s case study For at least 30 years McDonald’s had the lead consumer base in the fast food market. They seemed to have the market monopolized‚ however in time it’s consumer base drifted away. It would appear that Mcdonalds had become comfortable in the position it was in and put little to no emphases on product variety or quality and simply focused on the speed and convinience as the customer draw. Mcdonalds was suffering from low growth and market base as well as decreasing profits
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Summary The case outlines the steps that McDonalds has taken to improve its recent poor performance. Since its founding in the 1950s McDonalds has grown into a global brand that has defined the fast food industry. Over the last decade‚ however‚ the company has not responded effectively to changes in the environment. This has resulted in declining sales and profits‚ failed menu options‚ and dissatisfied franchisees. James Cantalupo and Charles Bell have implemented a turn-around strategy‚ but it is
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SHERIDAN College CASE STUDY ON McDonald’s JASKARAN KULLAR 991313325 BUSINESS MARKETING JOHN COOPER 14‚ MARCH 2013 McDonalds A Current Marketing Situation STRENGTHS 1. McDonald’s is the world’s largest restaurant organization. 2. Strong brand name and recognition. 3 McDonald’s generate more than $40 billion in system wide sale. 4 It operates over 35000 restaurants in more than 100
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Case Study #1 McDonalds’s “Senior’s” 08/07/2011 McDonalds “Seniors” Restaurant Bridgett Bowen is the owner of a McDonalds restaurant that is open to public but recently the main clientele of the Bowens restaurant has been seniors. She would like to develop a marketing strategy that addresses the needs of her senior citizen patrons and also the regular everyday customer. However‚ she is looking for additional recommendations to improve her marketing
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