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Conclusion of advantages and disadvantages of online shopping
Conclusion of advantages and disadvantages of online shopping
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Throughout the years we have created so many shopping malls around the country to compete with others and invest more in the business industry. Too many shopping centers will create a problem with the amount of sales a mall is able to receive. These sale numbers affect the mall with continuing business when they begin to decrease and start to affect negatively causing stores to close. Store closures lead shopping malls out of business and eventually lead them to closure. Fox Business Network, a well-known television channel and news website, informed their audience on the most recent “retail apocalypse.” About twenty-two anchor stores around the U.S. filed for bankruptcy and many of these are well-known to the public like JCPenney’s, Macy’s, Many used to be afraid of entering any personal information into the web. After individuals became more comfortable, online shopping was the next trend that everybody wanted to try. Consumes began to change their habits of visiting the mall more than twice a month to grab necessities or even to look around stores and the products; to sitting at home staring at a computer screen shopping in all the online businesses that exists. Like traditional shopping, online shopping has its benefits including: better prices, a variety of choices, saving time and money, no crowds and its convenient. But to every advantage there are disadvantages including: privacy and security, trying clothing items on, and questions that can’t always be answered right then. Now that online shopping exists and becoming more popular, malls need to start reinventing Many articles and journals have shared stories about different mall owners that have tried different ways to help keep their malls from falling apart. In the article, “Reinvention: A Key to Survival of Malls,” author Matt Sanctis explains the story about the Upper Valley Mall in Springfield, OH. They learned different ways to keep their shopping mall from failing, making small improvements would prevent them from bankruptcy. Ways like having a specialty leasing department that finds temporary stores and local tenants to fill in the spots of those who’ve left. This helps the shopping flow, allowing tenants to do renovations if they are to use their own money, and even inputting restaurants and other attractions that consumers can come in and enjoy. All these ways will prevent consumers habits to change and prevent online businesses to grow like Amazon. Reinvention is spoken in many articles including the article, “Time for Reinvention,” Jill Burcum explains how the country is “overstored” with malls but not all malls are going to close and will eventually reinvent. Reinvention of shopping malls include making it a place that consumers will have a reason to go to other than shopping. A place to bring the family, a place to meet and even a place to eat. Making a shopping mall a place of interest for both the public and private will help malls stay
Over the years, the American department store has developed and evolved as not only a commercial business but also a cultural institution. While it has weathered many storms and changes since its inception and throughout history, its most predominant enemy has been a change in the lifestyle of the American people (Whitaker, 2013). As the customer’s needs and wants have shifted, department stores have struggled to keep up with demands. It has been argued that the decline of the department store has been ongoing for the last 50 years (Whitaker, 2013). This dissertation aims to understand how the department store has historically played a role in consumer culture and spending, and additionally, how this has evolved and changed in today’s retail market. Although department stores may not be able to take all the credit for inventing modern shopping, they certainly made its conventions and conveniences commonplace. They set a new standard for the way the consumer should expect to be treated, the type of services that should be provided, and the convenience that should attend the process of acquiring the necessities and niceties of life all in one place. They made shopping into a leisure pastime. This environment meant shopping was a means of freedom to look around, pick up objects with no obligations to buy. As one historian remarked, department stores: “encouraged a perception of the building as a public place, where consumption itself was almost incidental to the delights of a sheltered promenade in a densely crowded, middle-class urban space” (Whitaker, 2006). Although this perception and view of the department store has changed over the years, this paper aims to follow the trail of how and why that happened.
How exciting malls are in terms of architectural and interior design! Just by going around the heart of any major city and seeing new steel and glass structures stretching towards the sky, many people may feel that shopping malls are a perfect destination for a combination of shopping and entertainment.
Paco Underhill has created a way for stores to draw more customers in and spend more money by getting in the mind of the customers. I found some of Underhill’s theories to be true. Underhill’s theories have helped provide research of the actions of consumers inside of American Eagle, Meijer and Hollister, these theories include, the need for shoppers to acclimate to their surroundings, the way customers turn into stores, and by placing most used products in the farthest places away from the
Some core competencies that must be exploited are: Brand Kmart is an existing well-known and trusted national brand in USA Kmart has private label and designer clothing that is well endorsed Infrastructure Kmart has a large number of well-located, low-cost, leased stores in urban far away from competitors through out the country ( Appendix B ). Staffing Confidence by the market in Kmart is created by the achievements of its staff and management. With the turn-around strategy in place, new blood has been put into the top management structures. In any renewal there will be retrenchment as unprofitable stores are closed. This can be used as an opportunity to retain and move high performing staff to where they are needed and to get rid of non-performing staff. Anderson the chairperson of Kmart is well supported by Wall Street and the board of Directors. These new staff members enter the company with needed skills to address problems in certain areas that previously were poorly managed such as inventory control and merchandising. Store locations, layout and Performance Stores conveniently located away from competitors like Wal-mart and Target therefore less to compete for customers face-to-face. There are 250 non-performing stores who have already been identified as being more cost effective to close than continue with running costs. Expertise exists in-house for the planning of store layout and appearance to meet different customer segments. This concentration of effort will enable focus on key areas Technology Kmart has already invested in good retailing systems. The system can be use to control inventory, supplier payments, track customer buying and monitor income versus profit margins across all stores. Research and Development The planning department is well established and in cross-functional to provide various perspective. The planning department to ensure that strategies at all levels are executed can further use the access to past data and knowledge of changes in buying patterns. Financial Backing JP Morgan Chase has agreed to support Kmart to avert the current threat of closure due to bankruptcy.
Whenever we go out shopping or relaxing at malls, we actually don’t see or recognize any effects of malls as we mostly go there for these two reasons. Malls are an integral part in the lives of America. They are shopping centers that have created a lot of buzz in many writers. This is because we have more malls in America than high schools. Malls have received praises from people like James J. Farrell, Jon Pahl and George Lewis who view malls as not only shopping centers but also as places that provide a reflection of the American culture and serve as centers of pleasure and entertainment. In contrast, William Kowinski and David Gutterson criticize malls for just being an artificial environment that creates disorientation among American shoppers. In my opinion, malls are just magnificent commercial buildings that create a sense of false dreams and imagination.
On January 22, 2002, Kmart filed for Chapter 11 bankruptcy protection becoming the largest retailer ever to do so in U.S. history. Most industry analysts attributed the immediate cause of the company's bankruptcy filing to a dull holiday season and stiff competition from WalMart and Target as the chain's more fundamental problem. But competition wasn't the root cause of Kmart's consistently poor performance. The real reason for Kmart's poor performance is that Kmart never had a marketing strategy. Kmart completely misunderstood its market and was positioning itself in the wrong direction. Also, on the strategic side, there are issues of where stores were located. On the whole, Kmart stores did not seem to be sited as well as the stores of the competition. Then there was the issue of technology. While Wal-Mart was becoming the relentless efficiency engine that we know today by investing in technology and streamlining the supply chain, Kmart held back. As Wal-Mart developed an infrastructure that enabled it to lower prices, Kmart slipped into a price disadvantage. This paper discusses these strategic problems that led to Kmart's poor performance.
The suggestion regarding the shopping mall becoming its own liturgy is understandable. People are often fascinated by the mall’s environments. In addition, the mall may become a place of worship to an extent. Spending unhealthy amounts of time at mall may have attachment effect. Nevertheless, attending the mall,
There is no doubt in my mind that Americans were and continue to be influenced by the frontier belief "that America would keep on booming". I must agree with Shames, that America carries forward the frontier belief even, now in the twenty first century. Taking the QVC website as an example, you have a site filled with many different items, ranging from the latest cell phone to jewelry and everything in between. In my personal opinion most if not all of the items sold on this site are ridiculous and for the most part unnecessary purchases. The strategies used by QVC to sell more products to consumers consist of marketing their items as affordable hence, payment plans, easy pay, buy now pay later and free shipping. Also they tend to let the
Goss argues that developers and designers of the built environment, specifically shopping centers and malls, use the power of place and understanding the structural layout of the space to boost consumption of the retail profits. Shopping centers are separated from the downtown area of shopping, either by distance and/or design. These establishments emerge for many to be the new heart and location for public and social life. In his article The "Magic of the Mall": An Analysis of Form, Function, and Meaning in the Contemporary Retail Built Environment, Goss also argues that the regulation of the spaces within the mall creates an atmosphere of "community" rather than one that is "public". This article’s main argument is that developers manufacture an illusion of doing more than just shopping when designing malls and shopping centers.
At the beginning of this year Macy’s planned to close 100 stores of their 675 locations “to focus capital and talent on better-performing locations in prime markets” (The Motley Fool). To offset this change for their customers they want to focus on keeping their business via the Macy’s app and website. These store closings though are not enough to keep Macy’s a viable competitor in the current retail world. Because of the issues that we have identified, we have collaborated to provide recommendations for Macy’s to help improve their business in relation to their
Online retail and shopping sales has been growing consistently every year, not just in the US but worldwide. Not only does online shopping give customers more convenience, more variety, and more discreetness but it also gives customers better prices. While it is quite true that Wal-Mart has product variety and cheap prices – things customers want – the physical stores do not really give the convenience and discreteness that online retail and shopping does.
Malls are convenient places to shop. They provide shoppers with abundant and secure parking areas. Shoppers need not drive around for fifteen minutes looking for a parking place, nor need they be afraid to walk to their cars after they have completed their shopping. Malls are usually totally indoors so people are comfortable why they shop. They do not they do not have to be subject to the elements as they go from store to store. Finally, the most convenient aspect of the mall is its one stop shopping experience.
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and
Going to the mall is like being at a zoo. Herds of inconsiderate teenagers crowd the walkways, girls fight over the best pair of shoes, and the merchandise is thrown all over the place. Imagine being able to have a stress free day of shopping without annoying kids running around and the ease of looking at perfect displays that have not been touched by the grimy hands of children. If you could eliminate the younger population from the mall, shopping would be much easier for everyone. Parents can enjoy their day out, girls-day won’t be interrupted by kids running a muck in the store, the employees jobs will be easier by not having to fix the displays that were messed up by children, and the amount of merchandise stolen will decrease if the younger population sticks to online shopping! Shopping