Restriction on Business Hours and compulsory closedown in Superstores based on Distribution Industry Development Act Article 12(2) Legitimacy at Distribution Industry Development Act Article 12(2) that regulates superstores to protect traditional market and small distributors. 201005162 Lim Ki Soo Introduction In 1990s, Superstores were emerged in South Korea. Since the first E mart that is the biggest superstore chain in South Korea opened in 1993, many superstores such as Homeplus, Lotte Mart and Costco have appeared. The superstores have grown rapidly. Otherwise, The traditional market and small distributors were collapsed because the consumer prefer the superstore for its convenience. Furthermore, some economy crisis like IMF has attacked …show more content…
However, Seoul Administrative court dismissed case. Compulsory closedown did not affect their profit significantly and common interest through this regulation is much significant. Superstores also filed a constitutional appeal in 2013. Constitutional court also dismissed case. Restriction on business hour and compulsory closedown is enforced through the ordinance, when the head of local governments that is charge of permitting superstores stipulate ordinance. Therefore, Article12(2) itself does not violate rights of choice. Superstores lodged an appeal in June 2012. Seoul Administrative Court judged that Ordinance restricting on Business hour and designating compulsory closedown is not legality. It violates purpose of “DISTRIBUTION INDUSTRY DEVELOPMENT ACT” and it is not moderate administrative process. In December 2014, Seoul high court also accept illegality of the regulation In November 19th 2015, The Supreme Court returned to a lower court for reconsideration of ruling that was in favor of the six plaintiffs, including E-mart, Homeplus and Lotte Mart, seeking nullification of local governments’ order to restrict their business hours and designate compulsory close down. The Supreme Court said Regulation is legitimate and is necessary to protect public
...efits from adopting unfair business practices and discouraging competition are much higher than the expected penalty and punishment. With changing time, there is need to make these laws more effective and relevant.
Publix Super Markets, Inc. is a Florida-based grocery chain that has flourished since its inception in 1930. The first store opened in Winter Haven, Florida and to this day Publix has expanded to well over 1,000 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. The supermarket chain now boasts over $25 billion in sales annually (Mujtaba and Johnson, 2012). To withstand the test of time and develop such a stronghold on the market, Publix has excelled in its global business community or macroenvironment, as well as its market environment or microenvironment.
...wpoints. Such regulations were undoubtedly a form of prior restraint and consequently they were in direct violation of broadcasters First Amendment rights. As this was a unanimous decision, there are no records of dissenting views from the Justices. The only dissenting views were that of the Plaintiff, Red Lion Broadcasting Co.
Presenting a variety of services, the company has established the supercenter model. Vendors and suppliers for Meijer have to meet requirements that need to be quality checked and supply a third party audit report on product and facilities. They keep a tight control on which they purchase merchandise from, and by offering grocery items next to pet supplies, leading to housewares, clothing, sports equipment, toys, electronics, and health items, all selections are included in the retail environment and available with a smooth transition through the establishment. The one place to shop locally for your needs, earn rewards and help local community is the vision Meijer looks for in every store
The ability for the federal government to regulate businesses’ activity is given in the Constitution. Article 1, Section 8 is known as the commerce clause; it states, “Congress shall have the Power…to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes” (Reed, 173). Through the commerce clause, the government is able to regulate business activity by the use of administrative agencies, which is defined as “a governmental regulatory body that controls and supervises a particular activity or area of public interest and administers and enforces a particular body of law related to that activity or interest” (Administrative Agency, 1). There are two types of regulatory authority that agencies may possess; quasi-legislative and/or quasi-judicial. Quasi-legislative means that agencies can make rules and regulations that have the same impact as a law created by federal legislation. Quasi-judicial authority gives agencies the power to make rulings, just like in federal courts.
The role of law reform has responded rather effectively to a certain extent in protecting the rights of consumers. This is evident in the legal responses introduced to address issues of credit, marketing innovation and technology. These law amendments has effectively increase the protection of the rights of consumers to a certain extent, however loopholes still exist. Due to the increasing range of goods and services continues to grow and the failure of existing laws, the role of law reform has been significant in protecting the rights of consumers. Consumer laws were created to prevent deceitful activities, or unfair business practices, as well as serving a protection for weaker parties who are unable to protect themselves. However, laws were later reformed to enable customers to transact with confidence and protect suppliers, consumers from inappropriate business conduct and to reflect changed community values and circumstances.
My company of choice for this report is Macy 's. 'The Magic of Macy 's ', as the company advertises it, has inspired me to shop there, take advantage of their incomparable discounts and great online shopping experience. Macy 's, Inc. is one of the largest department store chains in the United States of America. Macy 's manages stores under the Macy 's and Bloomingdale 's brands. I enjoy shopping at both of the company 's store brands, Macy 's and Bloomingdales. Bloomingdales provides a more personalized experience
A firm 's competitive advantage is achieved through offering customers a greater value, either by way of lower prices or by providing greater benefits and service that justifies a higher price. Nordstrom strengthens its competitive advantage and generic strategy through cost leadership and differentiation in order to differentiate themselves from other high end retailers. Nordstrom has consistently maintained a unique reputation from their establishment in 1901 to the today. Since developing a strong competitive advantage from inception, Nordstrom has been able to adapt to changing environments and market conditions to maintain their success. Nordstrom has set the bench mark in the retail sector through customer service and product quality.
For every $100 spent at a locally owned business, $68 of that will stay local compared to $43 if spent at a “big box store”. Even though people believe that local businesses are not as beneficial as a big box store, buying locally not only benefits the business but also the community because buying locally builds a strong community and the money you spend at a local business gets put back into the community.
How does managerial planning for Project Impact take place at different levels within the organization?
Nonstory retailers also sell merchandise to the end consumer. However, they reach their customers by “broadcasting of "infomercials," the broadcasting and publishing of direct-response advertising,
Dunnes Stores is an indigenous, family owned Irish Company. The Company is a retailer in both the food and textile market who work around the principle of providing competitive prices, high quality products and a vast variety of choices. The company’s motto of “Better Value” looks to draw in all these principles together.
Rajagopal. "International Journal of Retail & Distribution Management." Emerald. Emerald Group Publishing Limited, 2011. Web. 21 Feb. 2014
In the business world every business has its own set of laws and regulations to follow and adhere too. Some have very few laws and others have so many it is mind numbing but, each law is set up to protect every worker, customer or person associated with that business’s location. However, some of these laws are outdated or just plain unnecessary in today’s 21st century business environment.
Over the past several decades, South Korea’s economy has achieved a high level of growth. Along with Hong Kong, Singapore, and Taiwan, South Korea is a member of the Four Asian Tigers, and it is the only developed country that included in the Next Eleven group (“Economic Statistics” 2014). However, foreign goods and services that attempt to enter the Korean market to compete with the domestic competition still face several entry barriers that come from Korea’s excessive government oversight. The government’s high tariffs and other means of restriction lead to increased costs.