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Nature of retail competition
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Brookshire’s Grocery Company is a privately held Texas based retail food chain that operates in Texas, Louisiana, and Arkansas. The company’s corporate office and headquarters are located in Tyler, Texas at the Tyler distribution center. Brookshire’s operates under three distinct banners: Brookshire’s food stores which are full service supermarkets, Super 1 Foods stores which are upscale warehouse style stores, and FRESH by Brookshire’s which is a concept store. Brookshire’s Grocery is rated #193 on the Forbes America’s Largest Private Company List with revenues of 2.4 billion as of December of 2013 (Forbes, 2013). There are 118 cities where Brookshire’s, FRESH, and Super 1 Foods stores operate. There are over 150 stores, 113 pharmacies and 81 fuel centers (Company, 2011, p. 11) and Brookshire’s has over 13,000 people known as partners that work for them. Brookshire’s owns seven BGC manufacturing plants, three distribution centers; two that are in Tyler and one that is in Monroe, LA., and operates an onsite track store in a tent at the Texas motor speedway. Brookshire’s also has extraaisle.com that offers items that you won’t find in your local Brookshire’s grocery store on their company web site (Extraaisle.com by Brookshire's , 2014). Brookshire’s Grocery has a company fleet that has 71 tractors and 297 trailers. The primary focus of Brookshire’s is on retail and their top competitors are HEB, Walmart, and Kroger. Brookshire’s Grocery Company was originally part of the Brookshire’s Brothers chain of family owned stores and was founded in 1928 by Wood T. and Louise Brookshire. In 1939 the companies split and Wood took control of three Tyler-area stores for his share in the partnership and the companies are now no longer relate... ... middle of paper ... ...Management. I believe that my Train-Select-Recruit class has taught me many things that I will be able to use in a Human Resource position. I learned many different ways that training can be looked at and approached. I was introduced to a new social media program called Aurasma that could be used for training. It reminded me that there are always new ways to go about developing a training program and that you need to keep your eyes open and keep an open mind. More work. In addition to this, I feel that my Team building class gave me good insight into the inner workings and mechanics of how teams work. More work. My Human Resource Management class helped me to learn some of the different issues that I could be facing in a Human Resource position. I believe that I will be able to use what I learned to appropriately address these issues when faced with them. More Work
The Wendy’s corporation and Bob Evans Farms are both restaurant companies based out of Ohio. Wendy’s was founded in 1969 and now has over 6,000 restaurants worldwide. On the other hand, Bob Evans has over 600 stores located solely within the United States. Both of these companies will be evaluated in terms of their financial ratios. In order to compare the financial success between the two companies we looked at their 2014 year-end 10-k reports.
According to the Kohl’s Corporation Hoover Report (2014), in the late 1920s, a man named Max Kohl opened a grocery store in Milwaukee, Wisconsin (Hoover Report, 2014, pg. 9). By 1938, Max and his three sons had developed his store into a successful chain and incorporated the business. Max Kohl had experienced enough success by 1962 that he opened a department store right next to his Kohl’s grocery store. In 1972, Max Kohl and his family’s “65 food stores and five department stores were generating about $90 million in yearly sales” (pg. 9) In the same year, the British American Tobacco’s Brown & Williamson Industries (BATUS) purchased 80% of the Kohls’ two operations. Six years later, BATUS proceeded to purchase what remained of Kohl’s. In the early 1980s, BATUS decided that “Kohl’s discount image did not fit in with BATUS’s other retail operations” and decided to ultimately separate the two operations in order to put them up for sale (pg. 9). The president and chief executive officer at the time, William Kellogg, “and two other executives, with the backing of mall developers Herbert and Melvin Simon, led an LBO (leveraged buy-out) to acquire the chain’s 40 stores and a distribution center” (pg. 9). By the time Kohl’s managed to go public in the year 1992, they “had 81 stores in six states, and sales topped $1 billion” (pg. 9). At this time Kohl’s began its expansion and within the next five years managed to top sales at two billion dollars. Kohl’s then “acquired a former Bradlees store to enter New Jersey and opened stores in Washington, DC; Philadelphia; New York; and Delaware” (pg. 9). The following year Kohl’s managed to expand into Tennessee by adding new stores. The company named Larry Montgomery CEO in 1999 and short...
For the last thirty years, Cracker Barrel Old Country Store, Inc. has been offering people on the highways of America an alternative to the fast food pit stop. Their restaurants serves home-style food, has quality gift shops and, most of all, a friendly and accommodating environment all go in to create a welcoming atmosphere. Making the guest comfortable is what makes them different. The waiters and waitresses let you take your time. You are seated and promptly drink orders are taken. They give the customer sufficient time to gaze over the menu. There are peg games on the table to occupy you or your young ones. If it is a game of checkers you wish, there is always a table in the corner ready to play.
Publix Super Markets have a fast developing and quickly motivated group of competitors. This allows for the market to have interesting trends and advances rapidly. According to the Food Marketing Institute’s website, in the year 2012 there were thirty-seven thousand and fifty-three companies in this trade which puts Publix very high on shopper’s lists. Being employee owned is one of the characteristics current workers contribute to the firm’s success. Focusing on the well-being and progress of their team members has given them a sought after job pool.
This company was founded by Tom Monaghan and his brother, James, in 1960, in Ypsilanti, Michigan, near Eastern Michigan University. By 1965, Tom Monaghan had purchased two additional small stores; he now had a total of three locations in the same county. Monaghan wanted the stores to share the same branding - thus the company logo originally had three dots, representing the three stores in 1965. Monaghan planned to add a new dot with the addition of every new store, but this idea quickly faded, as the company experienced rapid growth. It opened its first franchise location in 1967 and by 1978 the company expanded to 200 stores. Which
Bed Bath and Beyond is currently the largest superstore domestics retailer, although their market share is only 4%. Competitors like Target, Wal-Mart and JC Penney offer a wider variety of merchandise such as apparel and electronics. Since 2002 growth has been a result of acquiring the Christmas Tree Shops and the Harmon Stores. In addition BBBY believes that their product offerings, customer service and advertising program have contributed to the company's financial success.
Sears Holding Corporation is the fourth largest retailer in the United States and Canada. Their supplements include Sears, Roebuck and Co. as well as K-Mart. “The closing of the merger between Sears and K-Mart took place on March 24, 2005. Sears has more than 4,000 retail stores across the United States, Canada, Puerto Rico, and Guam. Sears offers products and services through over 2,700 branded and affiliated stores. Sears operates 894 broad-line stores and 1,354 specialty stores. Sears’ broad-line stores are mall-based locations. The specialty stores include Sears Hometown Stores that are mostly independently owned, Sears Home Appliance Showrooms, Sears Hardware Stores, Sears Auto Centers, and The Great Indoor Stores (Sears Holdings, 2011).”
From the given document it can be inferred that Albertsons has a good financial backing. It is mentioned that the company has invested half a billion dollars for technological advancements and also they are into the drug retail market which is more profitable over groceries.
I came into this class not really knowing any more then people can get insurance and money for food from the human service department. My eyes were definitely opened those first couple weeks of class. I have realized that there is so much more that a human services worker can do. I also learned that most people who use the services are truly desperate and need help. I have learned a lot about seeing the big picture and not just what’s in front of me.
Introduction The purpose of this report is to undertake financial analysis of the position of the three major supermarket chains (Tesco plc, Morrison plc and Sainsbury plc) in the UK, using the financial tools such as Horizontal and Vertical Analysis and Ratio Analysis. The calculations done are considering the figures from the income statement and balance sheet of these three companies for the last 2 years (2008 & 2007). Doing these calculations is an effort to find out the current position and if any forecast on their performance. Tesco Plc *Interpreting the Horizontal and Vertical *Analysis The balance sheet’s horizontal analysis reveals the first worrying statistics about the company- the fact that stock level has increased by 25.84% in the year, even though net assets have increased by only 12.59%. The vertical analysis of the balance sheet again highlights the increase in amount of stock held by the company at the end of 2008 and increase in current assets. Interpreting the Ratio Analysis By looking at the ROCE* ratio it is clear that the business has not generated any higher return in the period 2007-2008. Though there is a marginal decrease in the returns (0.14% from 0.16%), however when compared with returns of other competitors Tesco plc has performed much better. Drop in asset utilisation ratio in the year 2008 indicates that the company did not use its assets efficiently to generate sales. As a result profit margin dropped down to 5.91% in 2008 from 6.21% in the year 2007. The Acid test ratio also doesn’t meet the ‘ideal’ ratio of 1:1. In other words Tesco had only 38p of quickly realisable assets to meet each £1 of current liabilities. Stock turn shows the effect of increased stock at the end of 2008 as it s...
Later in the year 2002, the company acquired Lexington, Kentucky-based Yorkshire Global Restaurants post that it reframed as YUM! Brands & Brands LLC. Total global sales for 2014 for Yum! was more than US$13 billion with major divisions at India & China as their headquarters in United States, it automatically captures the US market. The Key People are - *Mr. David C. Novak (Executive Chairman) * Mr. Greg Creed (Chief Executive Officer – CEO) *
Sears is only part of a much bigger corporation, which is Sears Holding, a partnership of Sears and Kmart. Sears Holding Corporation is the leader in home appliance retailers along with other merchandise such as lawn and garden, fitness equipment, tools and automotive repair and maintenance. Some of the key proprietary brands include Craftsman, Kenmore and DieHard. The apparel brands involved include well-know labels such as Joe Boxer, Land’s End, the Kardashian Kollection, Jaclyn Smith and Sofia by Sofia Vergara. Country Living Home Collection is also a brand included in Sears Holding. This company is the nation’s largest provider in home appliances and services with over 14 million service and installation calls annually. This service is the most important and substantial part of the company generating most of its revenue.
It is one of the largest hypermarket chains in the world, the second largest retail group in the world in terms of revenue, and the third in profit.
My involvement in the Learning Team environment at the University has been a great learning experience. When we were assigned teams at the end of the first week, I did not really know what to expect. I have worked on teams numerous times in my career, both in the professional and private sectors. The teams I have worked on have always been to either produce a product or improve a process. Learning has always been a part of these teams, but I have never been on a team whose specific purpose was centered on learning.
It operates and franchises convenience stores around the world. It has been the prominent franchise in the convenience store industry for 46 years. (http://franchise.7-eleven.com) 7-Eleven is part of an international chain of convenience stores that is operating under 7-Eleven Japan Co. Ltd. The US subsidiary of the Japanese firm has its headquarters are located in One Arts Plaza building in Downtown Dallas, Texas. (http://corp.7-eleven.com) 7-Elevens are located in many different countries. Few of the largest markets being Japan, United States, Canada, the Philippines, Hong Kong, Taiwan, Malaysia and Thailand. They all have very similar 7-Eleven stores from the interior to exterior. The company entered franchising in 1964, also signing the first U.S. are licensing agreement in 1968. 7-Eleven operates more then 9,400 stores in Japan and Hawaii. (http://franchise.7-eleven.com)