Sears market size or market share has been declining over the years from 2010 to 2017 where the current stock price is at 10.22 by April 2017. This is according to SHLD stock prices in the stock market that shows Sears Company has reduced its market share compared to its competitors such as the Wal-Mart. Sear’s stock prices has decreased from 59.815 in January 2010 to 10.22 in April 2017 showing 83% decline in Sears US market share. This decline in market share is as a result of increased inflation, currency fluctuations, and consumer preferences. Sears retail market share has decreased to less than 1% by 2017 compared to 1.2% in 2012 and 1 % in 2013. The total revenue generated by Sears Company unforeseeable in the fourth quarter in the year …show more content…
Kmart Holdings was running 1,416 Kmart stores in 2006 in 49 states. This total number of stores comprises of 1,361 discount stores located at 92,000 square feet and 55 super centers located at 165,000 square feet. Many of the Kmart stores are located on ground floors with assorted products and well-known labels on each product. Sears Domestic: This comprises of 866 stores positioned in 50 states with mall positioned at 132,000 square feet. These stores provide a variety of products such home appliances, tools, and home appliances. In the same year 2006, Sears Domestic Company operated 58 Sears Essential and Sears Grand stores in 22 States with a geographical location of 122,000 square feet. The company had special stores amounting to 1,128, which were mainly located in urban areas, dealer stores amounting to 809 located mainly in farm areas due to the supply of equipment. Other stores included the Sears’s hardware, great indoor, commercial sales, and outlet stores. There are also the Home Services providing repairs services directly to the customer as well as Lands Ends which was recently acquired and provides fashion clothing and home
Grady improves the health of the community by providing quality, comprehensive healthcare in a compassionate, culturally competent, ethical and fiscally responsible manner. Grady maintains its commitment to the underserved of Fulton and DeKalb counties, while also providing care for residents of metro Atlanta and Georgia. Grady leads through its clinical excellence, innovative research and progressive medical education and training.
Strengths for Duquesne University would be that it is nationally ranked number 115. This is a number that can beat many competitors and creates benefits for those that attend. Classes that have fewer than twenty students is 40.9% and classes that have fifty or more students is only at 9%.. (http://colleges.usnews.rankingsandreviews.com/best-colleges/duquesne-university-3258/rankings). Duquesne is located in Pittsburgh Pennsylvania and is known to be one of the top places to live in the country. Pittsburgh is considered the most livable and resilient. There is a young crowd that could be an interest for young adults, also this city is considered to be the third safest cities in the states (https://fitt.co/pittsburgh/pittsburgh-best-city/). Religious values are what many people look for to keep that connect they have with their beliefs, having these values instilled in the curriculum could be a benefit view for parents and students.
| |Center stores, two THD Design Center stores and five Yardbirds stores. The Home Depot stores average 105,000 |
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).”
With consistent growth to accommodate more variety, more merchandise, and the convenience of one-stop shopping, Mr. Kroger may not recognize the Kroger Company today. Under two dozen banners such as City Market, Dillon’s, King Soopers, Kroger, Fry’s and Ralphs the Kroger Company operates 2,439 supermarkets in 31 states, 788 convenience stores under six banners in 18 states, a...
Another reason why thrifty and busy consumers love Walmart, is because they offer more than 5,000 locations all
The key issues for K-Mart strategies are finding the right cost level for an opportunity to be aggressive, and differentiating the product for consumer in terms of different consumer and different intangible product attributes. K-Mart and Sears should be combined with a new overall corporate competitive strategy using a cost focus. This may turn out to be the only sensible strategy, and the one which best describes the strategy adopted. Strategies of cost leadership and product differentiation are often described as if they were mutually exclusive you can either pursue one or the other, but not both.
Sears began as a small retailer but as the years have gone by, they have become
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.
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.
Our Strategic Issue for SHC is, "How can Sears Holdings Corporation strengthen Kmart's position and regain its competitive advantage? Our recommendations are as follows: 1. Differentiation Strategy: Appeal to low and middle income families with children, Quality clothing and decorating store. 2. Stable & Effective Management: Retention, Value Chain Analysis: Supply Chain, Inventory Control (Product Selection), Technology (Reserve), Overall Consistency, Continue Value Adding Strategic Alliances, Similar to alliance with Joe Boxer. 3. Continue to Evaluate Store Portfolio, Focus on owning more/ Premium space. 4. Meet Customer Expectations, Customer Service, and Continuous Research & Development.
Over the last several years, Sears has continued to watch its stores decline towards the brink of death. Since 2012, Sears has lost more than $9
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In today’s market Sears competitors are not only in its more valuable retail space of mall-in locations; but outside of the mall market competing with a number of integrated retail stores both brick and mortar and online. The majority of Sears competitive market is with the following retail stores Walmart, Target, Kohl's, J.C. Penney, Macy's, The Home Depot, Lowe's, Best Buy and Amazon (Thomson Reuters, 2016). In which Kohl’s, J.C. Penney, and Macy’s have a high concentration of mall-in locations. Sears current business model is competing in a multi-competitive market by offering a wide variety of retail services that are competing for the same customers as the retailers listed in the diagram above. Sear’s integrated business model has made it increasingly difficult to find a competitive advantage where Sear’s is the top leader.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.