growth to the economy. The advertisement for Zales‚ The Diamond Store‚ found in the December 5‚ 2011 issue of Us Weekly uses diamonds representing water‚ a celebrity relaxing in a bathtub‚ and the phrase “Diamonds are a girl’s best friend” in order to persuade women who are conscious of their appearance and beauty and so in search of jewelry or men who want to acquire a valuable gift as jewelry for women to buy their new Jessica Simpson collection. Zales‚ The Diamond Store‚ has used Jessica Simpson
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Accounting Irregularity Analysis Issue: Zale Corporation is a jewelry retailer with headquarters in Irving‚ Texas. Zale’s common stock is registered with the United States Securities and Exchange Commission and trades on the New York Stock Exchange under the symbol “ZLC”. Zale misstated financial reports for the fiscal years ended July 31‚ 2004 through 2008‚ and for fiscal quarters ended October 31‚ 2008‚ January 31‚ 2009 and April 30‚ 2009. The misstatement resulted from recording television advertising
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Question 1. What are some key factors in diamond retailing? How do Blue Nile‚ Zales‚ and Tiffany compare on those dimensions? All the companies involved in the diamond market want to have a big share of that market. And‚ the bigger the share‚ the company makes bigger revenue. It is very interesting that all three companies (even though they are in the same ‘business’) have different approaches in ‘taking market share’. An important fact is that the companies have a different clientele. The
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SCM44 Case Study Cheng Gong 1. What are some key success factors in diamond retailing? How do Blue Nile‚ Zales‚ and Tiffany compare on those dimensions? Blue Nile has an obvious advantage in product variety and product availability since customers can “build their own ring” by choosing from an inventory of about 75‚000 stones online. The Tiffany brand is very strong and well established. It is associated with glamour‚ luxurious‚ trust‚ and customer service. So Tiffany can get higher margins than
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outbound transportation cost (from warehouse/retailer to customers). Transportation costs‚ as with most e-retailers‚ are higher at Blue Nile than at Tiffany or Zales. The outbound transportation distance and hence costs and time tend to be much higher when inventories are aggregated‚ as is the case at Blue Nile. In the case of Tiffany and Zales‚ some economies of scale can still be realized on inbound transportation at all downstream stages of the supply chain until the merchandise hits retail stores
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Tiffany & Co. Overview Tiffany & Co. is a retailer‚ designer‚ manufacturer‚ and distributor of luxury fine jewelry. As of January 31st‚ 2003‚ they had 44 company-operated stores within US borders and 82 company-operated stores internationally. Fine jewelry makes up 79% of their net sales followed by other products such as timepieces‚ stationery‚ and sterling silverware. Michael J. Kowalski‚ Tiffany & Co.’s current CEO‚ has the same mission the company had when it first started in 1837:
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EXERCISE 13-3 (1) Allocation of $220‚000 of Partnership Income Cumulative Johnson Larson Kragen Total Profit and loss percentage 1/3 1/3 1/3 Salary $50‚000 $60‚000 $ — $110‚000 Bonus (see Note A) — — 20‚000 130‚000 Interest on capital 4‚000 2‚500 14‚500 151‚000 Balance 23‚000 23‚000 23‚000 220‚000 Total $77‚000 $85‚500 $57‚500 Exercise 13-3‚ Concluded (2) Allocation of $34‚000
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can only be realized in stores (and not online). They have emphasized the idea of seeing‚ touching and comparing diamonds that is exclusively possible in a store. Blue Nile has many dangerous competitors such as Tiffany and Co‚ Diamonds.com‚ and Zale Jewelers Stores. Blue Nile has grown into one of the largest jewelry retailers in the United States with only
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BSBUSSINESS STRATEGY A REPORT ON Submitted to: Submitted By: Roy Smollan Sumit Vashista Student I.d.-1007951 Executive Summary Blue Nile is the largest online retailer of certified diamond jewelry. It was established in 1999 and has head-quarter in Seattle‚ WA. Apart from catering to U.S. market it also serves to international market through its websites in England and Canada. A big share of its revenue comes from the sales of wedding bands and engagement rings.
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October 12‚ 2012 | | Contents WORKSHEET 2a – PORTER’S 5 FORCES MODEL - EXTERNAL ENVIRONMENT 2 WORKSHEET 3 – DRIVING FORCES OF CHANGE - EXTERNAL ENVIRONMENT 3 WORKSHEET 6a – COMPETITIVE ANALYSIS PROFILE - EXTERNAL ENVIRONMENT 6 WORKSHEET 8 – GENERIC COMPETITIVE STRATEGIES 8 WORKSHEET 10 – KEY FINANCIAL RATIOS - INTERNAL ANALYSIS 9 WORKSHEET 11 – INTERNAL
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