Evaluating two successful stores and two unsuccessful stores The retail industry is extremely competitive particularly during the current economic conditions when customers have limited spending power (Bloomberg‚ 2009). Therefore‚ it is crucial that the business owner assess all of the factors which determine the profitability of a store. Since the financial figures are unavailable for all of the different outlets‚ the success of the store will be assessed using the same physical factors which
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759 Store is one of the famous supermarkets in Hong Kong. Many people love to buy 759 Store’ products because of the lowest prices. Their marketing strategy is “small profits‚ quick returns” which mean they sell their products at low price in order to increase the stock turnover rate and earn the profit faster. However‚ some research shows that the price of the local products in 759 Store are much lower than others competitors and some of other retailer shop owners pointed that 759 Store are underpricing
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Non-repudiation It refers to one of the properties of cryptographic digital signatures that offer the possibility of proving whether a particular message has been digitally signed by the holder of a particular digital signature’s private key. A digital signature owner‚ who may like to deny a transaction maliciously‚ may always claim that his or her digital signature key was stolen by someone and that someone actually signed the digital transaction in question‚ thus not accepting/denying the transaction
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Disadvantages of Windmills Wind energy is one of the many renewable energy resources that provide cheap and efficient energy. Wind energy comes from wind turbines‚ similar to windmills‚ which use the wind to make electricity. This renewable energy resource is very affordable‚ clean‚ and it can never run out because the wind comes from the sun. But according to Selling the Wind by Michelle Nijhuis‚ “It’s well known that wind turbines kill both birds and bats‚ though exactly how often and why these
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Retail Method vs. FIFO or LIFO In the case‚ the University Store provided plenty of goods and services with various costs. They frequently have their costs‚ selling prices and discounted prices changed. This process would contain a large amount of work since the Store kept large number of books. Although the Store has planned to record data by establishing a new software system‚ they used the retail method easing and simplifying inventory tracking. Comparing the FIFO or the LIFO method‚ the retail
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Analysis 1. McGregor’s department from its inception has laid a great emphasis on personal service of its clients. James McGregor‚ the current president doesn’t want to destroy its old-world charm‚ which differentiates it from the other departmental stores. But at the same time he is worried that with an old-fashioned image‚ he will not be able to attract young customers and eventually would lead to over reliance on the middle aged and elderly clientele. 2. This year for McGregor’s‚ the revenue from
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Describe and evaluate the multi store memory model Atkinson and Shiffrin 1968 suggested that memory was comprised of three separate stores - the Sensory Memory store‚ the Short-term Memory store‚ and the Long-term Memory store. Information from all around us enters the through the sensory memory and encoded through one of the 5 senses depending on the type of information. If attention is paid to this information it will enter short term memory which has a limited capacity of about 4 chunks of
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Luxury stores audit Gucci and Celine stores‚ Russian experience Monaco 2012 INTRODUCTION Monaco is a small country‚ but well known all over the world. All over the world it is known as a place of luxury. Every year a lot of tourists visit Monaco to have a good vacation visiting casinos‚ luxury restaurants and off course to do a shopping in a most known‚ luxury brands. In Monaco you can find a lot of different luxury boutiques for every taste; you can find everything from luxury cars to a
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Drive Raleigh‚ NC 123-456-7891 Dear Retail Clothing Customers‚ In an effort to make some changes to benefit our staff Retail Clothing stores will be changing their hours of operations. We will not be closing any stores however no new stores will currently be opening either. Retail Clothing stores will now be closed on Sundays. Monday through Saturday stores will be opening an hour later than usual and will be closing an hour earlier. We appreciate your patience and continued support of Retail
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which a new department store has been added. As I approached the department store‚ I noted that it was rather warm outside; I had arrived about 4:20 p.m. and this weather was normal for the time of day. I inferred that it there would be a sale; it was the Wednesday after Labor Day and most stores had sales during the holiday. However‚ there was no indication on the windows or within the store about any sales. There seemed to be a lot of cars outside‚ but as I entered the store‚ there were very little
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