For each of the four retailers discussed at the beginning of the chapter (Chipotle Mexican Grill,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
For each of the four retailers discussed at the beginning of the chapter (Chipotle Mexican Grill, Lululemon, Chico's, and Save-A-Lot), describe its strategy and the basis of its competitive advantage. 2- Give an example of a market penetration, a retail format development, a market expansion, and a diversification growth strategy that Best Buy might use. 3- The Gap Inc. owns five apparel brands Gap, Piperlime, Athleta, Old Navy and Banana Republic and has Gap, Old Navy and Banana Republic stores located in the United States, Canada, United Kingdom, France, Ireland and Japan. What type of growth opportunity was Gap Inc. pursuing when it opened each of these retail concepts in these various locations? Which is most synergistic with the original Gap chain? 4- Identify a store or service provider that you believe has an effective loyalty program. Explain how the program works and why it is effective. 5-Why is store location such an important decision for retailers ? 6-Pick your favorite store. Describe the advantages and disadvantages of its current location given its target market. 7- As a consultant to 7-Eleven convenience stores, American Eagle Outfitters, and Porsche of America, what would you say is the single most important factor in choosing a site for these three very different types of stores? 8- In many malls, quick service food retailers are located together in an area known as a food court. What are the advantages and disadvantages of this location for the food retailers ? What is the new trend for food retailers in the shopping environment? 9- Which factors do retailers consider when evaluating an area of the country to locate stores ? How do retailers determine the trade area for a store? 10- Trade areas are often described as concentric circles emanating from the store or shopping center. Why is this practice used? Suggest an alternative method. Which would you use if you owned a store in need of a trade area analysis ? 11- Retailers have a choice of locating on a mall's main floor or second or third level. Typically, the main floor offers the best, but most expensive, locations. Why would specialty stores such as Radio Shack and Foot Locker choose the second or third floor? For each of the four retailers discussed at the beginning of the chapter (Chipotle Mexican Grill, Lululemon, Chico's, and Save-A-Lot), describe its strategy and the basis of its competitive advantage. 2- Give an example of a market penetration, a retail format development, a market expansion, and a diversification growth strategy that Best Buy might use. 3- The Gap Inc. owns five apparel brands Gap, Piperlime, Athleta, Old Navy and Banana Republic and has Gap, Old Navy and Banana Republic stores located in the United States, Canada, United Kingdom, France, Ireland and Japan. What type of growth opportunity was Gap Inc. pursuing when it opened each of these retail concepts in these various locations? Which is most synergistic with the original Gap chain? 4- Identify a store or service provider that you believe has an effective loyalty program. Explain how the program works and why it is effective. 5-Why is store location such an important decision for retailers ? 6-Pick your favorite store. Describe the advantages and disadvantages of its current location given its target market. 7- As a consultant to 7-Eleven convenience stores, American Eagle Outfitters, and Porsche of America, what would you say is the single most important factor in choosing a site for these three very different types of stores? 8- In many malls, quick service food retailers are located together in an area known as a food court. What are the advantages and disadvantages of this location for the food retailers ? What is the new trend for food retailers in the shopping environment? 9- Which factors do retailers consider when evaluating an area of the country to locate stores ? How do retailers determine the trade area for a store? 10- Trade areas are often described as concentric circles emanating from the store or shopping center. Why is this practice used? Suggest an alternative method. Which would you use if you owned a store in need of a trade area analysis ? 11- Retailers have a choice of locating on a mall's main floor or second or third level. Typically, the main floor offers the best, but most expensive, locations. Why would specialty stores such as Radio Shack and Foot Locker choose the second or third floor?
Expert Answer:
Answer rating: 100% (QA)
1 Chip otle Mexican Grill Chip otle s strategy is based on offering customers a quick convenient and affordable way to enjoy Mexican style cuisine The company s competitive advantage comes from its fo... View the full answer
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date:
Students also viewed these accounting questions
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
A supplier has the following financial information available: Cash: $100,000 Current Assets: $1,000,000 Fixed Assets: $1,000,000 Total Assets: $2,000,000 Current Liabilities: $500,000 Total...
-
Why might the operating profit calculated by CVP analysis differ from the net income reported in financial statements for external reporting?
-
On January 1, 2019, Smalls, Inc. issued $60,000 of its 12-year 10% bonds for $52,584. Interest is payable annually and the effective yield was 12%. Costs connected with the issue totaled $3,200....
-
The following data are obtained for a particular reach of the Provo River in Utah: \(A=183 \mathrm{ft}^{2}\), free-surface width \(=55 \mathrm{ft}\), average depth \(=3.3 \mathrm{ft}, R_{h}=3.32...
-
Vic Corporation manufactures various types of color laser printers in a highly automated facility with high fixed costs. The market for laser printers is competitive. The various color laser printers...
-
What is the significance of the McCabe-Thiele method in the context of distillation design, and how does it compare to other graphical methods like the Fenske-Underwood-Gilliland (FUG) method?
-
The first day of work for Prevosti Farms and Sugarhouse for all employees is February 1, 2022. February 4 is the end of the first pay period and includes work completed during the week of February...
-
Could you elucidate the intricate interplay between innate and adaptive immunity in mounting effective defense against pathogens and maintaining immune homeostasis?
-
Before a party can bring a lawsuit, what must the party have?
-
David Zigler was an employee of Featherstone Foods. Joel Schonfeld was Ziglers employer. The two exchanged e-mails in which Zigler sought assurance that he would have a right of first refusal to...
-
All state trial courts have general jurisdiction.(True/False)
-
Enter the appropriate journal abbreviation next to each transaction listed below. Use these transactions and the following information to prepare the journals of Tony Lowman for October 2022. Post...
-
If a party does not deny the truth of a complaint, the party is in default.(True/False)
-
Amed Corp has annual sales of $400,000 and an average collection period of 38 days. A factoring company is offering a 38-day receivables loan equal to 80% of the accounts receivable at 8% interest...
-
What are the before image (BFIM) and after image (AFIM) of a data item? What is the difference between in-place updating and shadowing, with respect to their handling of BFIM and AFIM?
-
Explain why inherent risk is set for audit objects for segments (classes of transaction, balances, and presentation and disclosure) rather than for the overall audit. What is the effect on the amount...
-
Why does an auditor review sales returns subsequent to year-end? What audit objective does this procedure satisfy?
-
Identify three tests of controls or substantive tests of transactions in the payroll and personnel cycle that an auditor may perform using audit software.
-
The length of a straight solenoid is \(50 \mathrm{~cm}\). If a current of 12 A flows through the solenoid produces a magnetic field of magnitude \(0.06 \mathrm{~T}\) inside it, calculate the number...
-
Two parallel rods having length \(12 \mathrm{~cm}\) and a separation of \(50 \mathrm{~cm}\) carry current from left to right. If current through wire 1 is \(10 \mathrm{~A}\) and through wire 2 is...
-
A wire segment of \(1.0 \mathrm{~m}\) and carrying a current of \(5.0 \mathrm{~A}\) is held in a plane in which it can rotate and translate with little friction. A long wire is fixed parallel to this...
Study smarter with the SolutionInn App