Chapter 6 Objectives of a Good Store Design - Design should be consistent with retailers image and strategy - Design should positively influence consumer behavior - Design should consider costs vs. value - Design should be flexible - Design should meet legal requirement Store Layout - Layout should entice customers to move around and shop the store - Good layouts can: increase store traffic‚ drive sales and build store loyalty. - If the layout is too complex- customers may find it difficult
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Tenure and Store Performance One of the first steps in analysis of the data is to make a comparison of the 10 most profitable stores and the 10 least profitable stores. Hart claimed that the manager and crew tenure in the most profitable stores was almost four times the level of that in the least profitable stores. This analysis is however based solely on the summary statistics for those ten stores in each category. Taking a closer look at the results for the individual stores would suggest
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A department store is a retail establishment with a building open to the public which offers a wide range of consumer goods such as clothing‚ housewares‚ furniture and appliances. It typically offers a choice of multiple merchandise lines‚ at variable price points‚ in different product categories (known as "departments" hence the name). Department stores usually sell products including clothing‚ furniture‚ home appliances‚ toys‚ cosmetics‚ gardening‚ toiletries‚ sporting goods‚ do it yourself‚ paint
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Baptist University Date: 11/23/2014 BUS 505 Retail Stores Retailing refers to the act of selling goods or services for nonbusiness use‚ personal only. They are very popular for selling famous brands for reasonable prices‚ being very specific in what kind of line of products are going to be used for sale or including varieties of things to their stock‚ ranging from clothing to electronics. There are many types of retailing stores (voluntary chain‚ retailer cooperative‚ consumer cooperative
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Case one Macy’s Department Store Repositioning Jingjing Li BUS 2275 Business Strategy and Simulation–Section 050 Instructor: Anish Bania Due Date: Jan 16‚ 2013 Table of Contents Executive Summary 2 Statement of the problem/opportunity/and objectives 2 Analysis of the situation 2 External and internal 2 Porter’s five –forces model 3 1. The threat of new entrants. 3 2. The bargaining power of buyers. 3 3. The bargaining power of suppliers. 4 4. The threat of substitute
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Consumer Perceptions of Store Brands Presented By: Chris Frimel Jeffrey Fox L. Renee Graves Dustin Huffman Introduction Consumer perception heavily influences consumption and spending behavior. As consumers search for ways to stretch their tight budgets‚ many factors motivate these behaviors. Such factors include loyalty‚ convenience‚ quality‚ quantity‚ usages‚ product placement‚ and many others. Of these factors‚ price‚ quality‚ and convenience are most sought after when consumers
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Store environment componants 1. Introduction: store environment as a research topic first known at 1973 by Kotler‚ who first release the expression “Atmospherics” and defined it as "the effort to design buying environments to produce specific emotional effects in the buyer that enhance his purchase probability ”(Kotler‚ 1973.p.50). Researchers and marketers over the period of almost 60 years exert an impressive effort to elaborate store environment’s criteria‚ they have attempted to increase
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1. STORE ENVIRONMENT Brands sell an image to consumers through various means‚ one of the most effective methods is through the store environment. The store environment refers to the store location‚ layout and instore stimuli. These aspects affect consumers’ perceptions‚ beliefs and cognitive behaviour. One of the basic store objectives is to get consumers to enter the store. The environment serves an imperative role in the stores selection process. A suitable criterion that a store should follow
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DESCRIBING GRAPHS AND CHARTS The function of a line graph is to describe a TREND pictorially. You therefore should try and describe the trend in it. If there are many lines in the graph(s)‚ then just generally describe the trend. If there is only one or two‚ then use more detail. So‚ describe the movement of the line(s) of the graph giving numerical detail at the important points of the line. To describe the movement‚ there is some language which will always be useful. Below is a list of language
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considering the forecast model as gospel‚ it is important to understand some of the limitations and assumptions the model makes. The model is using a 20 percent increase in direct shipments to all stores. Although it would be wise to bypass the distribution center (DC) altogether and ship directly to the stores‚ could the vendors supplying the SKUs be capable of such an increase‚ and how would that factor into meeting the goals of project 275? With eight inventory management projects underway‚ does
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