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Aldo offers relatively expensive product with a reputable brand, therefore consumers are willing to travel to get to this retail store. 4.1.1 Population • ALDO: The surrounding populations of the retail destination where Aldo is situated and located includes people who travel to buy specific products, people who work in the area and people who live in the area. The income levels earned by the surrounding population includes middle to upper-middle class income earners. The population that surrounds these malls range from children to adult. There are not many elders living in these areas as the majority is made up of fast-paced working and learning classes. In these areas upper-class working adults are prominent. The marital status of the population …show more content…
Many of these malls are busy and more cultivated for the upper class consumer. Examples in Pretoria, is Brooklyn and Menlyn. Both very busy, very popular, high class malls located in well accessible areas within Pretoria. The site selection is very important in terms of allowing accessibility for both the trader and the consumer; therefore, it is to their advantage to establish their chain stores within busy upper class and popular malls as it increases the changes for customer traffic, which are within their target market, who have the money to spend on their products. Being in a mall setup, the stores, like all its neighbours will have transportation accessibility that would most probably be are available by the mall itself in order to accommodate their …show more content…
Besides Aldo and Nine West being competitors, they also share competitors by the likes of Edgards, Stuttafords, Aldo, Frasers, Accessory shops such as Accessorize and Lovisa. Their main competition Steve Madden, they share product assortment and compete with price and quality. In order to compete it is essential to take advantage of good marketing and pricing strategies. In most shopping malls, the competition is only a few stores down. In Fourways Mall, Nine West is about 4 shops down. Reason for this being that it is easy to compare similar product on quality, style and price and for the consumer to make a fair choice. Although it is direct competition offering similar products, there are product and service differences which may push the consumer to make a decision more
As business grew, so did competition. Charlotte’s biggest competitors are Wet Seal Inc, and Forever 21. Charlotte Russe, however performed better than its competition due to its marketing philosophy, following the customers wants rather than decreeing trends.
Walking through the mall I noticed that the target market was mainly high-end customers and people who where not worried about spending a little more for a great product. There were a lot of galleries and the atmosphere was very sophisticated with marbled floors and stained wood accents that gave the overall appearance of catering to professionals as well as young adults. There were a few stores for men, but the majority of the stores were focused more towards women, with also some children stores.
...inment industry, as well they must, to have such an enormous variety of successful departments areas of concern, the customers would have to walk into the shops unless they are all drive-thru buildings. Therefore, the must be some type of pedestrian activity.
My first observation exercise was at the shopping arena. The shoppers tended to move in groups and were more concerned with the needs of their groups. The children however socialized in between groups prompting uncomfortable apologies and new friendships. The workers' age seemed to be distributed from as low as 18 to the mid-60s. Races were diverse ranging from Hispanic to Caucasian to Africans and Asians. The mall was female dominant though there were males present. The staff at most of the stores had on casual clothing, seeming happy and patient with the children and impatient customers. They also knew each other without having to look at their name tags and I did not observe any tension amongst the workers.
For example, Henry Ford had developed the automobiles that was affordable to the middle class by using the assembly line. Even though he did not invent the automobile or assembly line, he was the one create the affordable cars to the America middle class by manufacturing the exact same cars. By manufacturing the same product, he was able to lower the price for each unit and lower the unit product cost of automobile as well. Hence, price is an essential factor that drives the consumers’ purchasing decision. Therefore, standardized product is an effective way to attract more consumers because the price is
Mall appreciators argue that the malls are centers of entertainment and pleasure for mall visitors. George Lewis in “The mall as Refuge”, asserts that “kids come to look around, meet and make friends, stay away from home and hang out- because there is nowhere else to go” (1990, P. 309). He believes that teenagers go to malls to socialize and to escape from the troubles in their lives and at home. Therefore, malls serve as a second home for kids. Similarly, Lewis says that with the controlled environment of malls, with the security and the central location of malls as a good reason why many retired, and old people visit malls. Here they get to meet up with old friends, exercise, eat out, and share experiences with their old friends. These two groups as Lewis claims are misfits in society because; the world considers them as unproductive. Jon Pahl also ...
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,
Observation Essay During my observation days I spent time at Tyson's Corner Mall. This mall shows and abundance of diversity, from its location to its stores that are inside. Some things I noticed were the people , the three floors and that the mall has two parts; where only upperclass individuals usually are seen. When first entering the mall you first notice all of the people, the age groups in this mall vary. You will see that teens, families and elders all in the same place.
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.
If competitors offer equally attractive products and services, then one will most likely have little power in the situation, because suppliers and buyers will...
Price competition among rivals is close to nil, industry participants are very competitive when it comes to product differentiation. Product offerings to satisfy consumer demands include a variety of coffee, juices, muffins, bagels, cookies, cream cheese sandwiches, soups and other miscellaneous items.
In today’s world, it’s hard to compete for accompany that don’t known well their competitors. It ‘s like walking blind into a fire. For instance, knowing a great deal on what a competitors is offering in term of products can help a company to differentiate it’s product and make it more appealing for the customers. If the competitor’s products have weakness, one could build a better product without the same weakness the competitor had and from there gain competitive advantage. Furthermore, knowing the price of the competition can allow one to set competitive prices as
...price, it also allows for them to increase their sales and enter into new markets, which in turn would help to increase their profits.
Shopping malls have become meeting places, similar to town halls in the old west. Malls are where people go to explore and experience everything retailers have to offer while indulging in their own personal sport of acquiring different products. The question of what malls bring to society has been questioned for years do they promote rapid consumerism or a life of luxury. Victor Gruen, the inventor of shopping malls, saw these centers as a source of community similar to his homeland in Europe. Most malls represent a safe and controlled nature of human development and leisure. In the following article, I will be discussing the security preventions that shopping malls of today provide. I will also be discussing the enhancements in structures
Finally, the mall is a wonderful entertainment center. Not only do people go there to shop, but they also got there for relaxation. There are movies sometimes as many as fifteen or sixteen. In addition, arcades are available for children, teens and adults. Some parents drop their children off at the arcade, give them a roll of quarters and pick them up after they have completed their shopping. For the hungry shopper there is a food court, which provides fast food for those shoppers who want to relax and possibly have a cocktail with their meal, other restaurants are available.