INTRODUCTION Macy’s, America’s leading departmental store retailer, has a rich history dating back to 1858 when it was started as a small, dry-goods store by Rowland Hussey Macy's (Macy’s, 2011). At that time, no one would have guessed that the store would grow on to become one of the largest department store retailers…
Over the years, Macy’s continued success saw the company open regional stores and take over other retailers to increase its presence in the market (Macy’s, 2011) \. Way back in November 25, 1929, another revolution was being made in American retail when Abraham & Straus of Brooklyn, Filene's of Boston, F&R Lazarus & Co. of Columbus, OH, and Bloomingdale's of New York combined together to form Federated Department Stores, Inc. which was later renamed Macy's, Inc. in June 2007(Macy’s, 2011). Each of these retailers had marked and prominent presence in the market with the backing of their rich history. The company grew to be one of the biggest retailers in the company and acquired other stores and retailers in the coming years. It had its own ups and down but in the 1990’s, Federated Department Stores acquired Macys to form Macy’s Inc. Macy's, Inc. is the owner of both Macy's and Bloomingdale's department stores (Macy’s, 2011). As Fuhrmann (2011) adds, with an annual 2010 sales of $25 billion, Macy’s currently serves its customers in over 800 stores throughout the country and specializes in retail clothing, fashion accessories such as jewellery, handbags and shoes along with household items such as furniture and kitchen items. Macy’s is not just a simple retailer; from its traditional Macy’s Thanksgiving Day Parade and the 4th of July Fireworks to its Annual Flower Shows and the tree lightings and animated window displays at the time of Christmas, Macy’s has always been in the forefront in creating its own distinctive and unique identity (Macy’s, 2011). Innovation at its forefront, Macy’s is very well known as bringing many ‘firsts’ in the retail industry. Macy introduced several revolutionary business practices in the industry; it initiated the one price system, in which an item was sold across the shops to every customer at one price. It also was the first company to quote prices of different products in the newspapers. Macy also made history when it assigned Margaret Getchell, the first female executive in the retail industry. It also was the first retail store in New York to hold the license to sell liquor. With its corporate philosophy revolving around the customer, Macy’s has always recognized the importance of directing its strategies towards providing localized shopping experience to its customers. The Corporate Financial objectives of Macy’s, Inc. are: Increasing sales; Increasing profitability levels Have better return on invested capital; Shareholder return should be maximized (Macy’s, 2011). According to Fuhrmann (2011), keeping in mind the above objectives, Macy’s has seen an increase in sales in the year 2010 by 4.6 % as compared to the previous year while its operating income increased by 7.6% of sales in the year 2010. SWOT ANALYSIS A SWOT analysis critically studies a company's internal Strengths and Weaknesses in relation to the external Opportunities and Threats it faces coming from its environment. To understand the environment of Macy’s, a SWOT analysis has been conducted. STRENGTHS Diversity: With the acquisitions of small retailers at all regional levels, Macy’s has strategically aligned and integrated diversity in all aspects of its operations. For Macy’s, diversity has become the most integral and essential part of business. Macy’s caters to a much-diversified market and this has made it very beneficial to its customers, vendors, suppliers and business ...
Cite this document
(“Analyze a Major Retailer Term Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.net/philosophy/33835-analyze-a-major-retailer
(Analyze a Major Retailer Term Paper Example | Topics and Well Written Essays - 2500 Words)
“Analyze a Major Retailer Term Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.net/philosophy/33835-analyze-a-major-retailer.
Pantaloon has more than 15 million square feet of retail space in the country. Pantaloon Retail is a company of the Future Group. The company operates through many retail formats. Products ranging from garments, food products, home products, and electronics, everything is sold under the group.
Crime is a feature of all kinds of human society and there are various ways that scholars have sought to theorize and explain how and why it arises in the ways that it does. This is an important task, because knowing what causes crime is one factor which must be taken into account when dealing with the consequences of crime, including the effects on victims, the effects on those engaged in criminal activities and all the systems and processes of criminal justice.
What are the commonalities which one can find between members of the same group? What binds them together? What does one observe to be their shared interests? What are the differences and similarities between the various social groups? Are there characteristics that are unique to a certain group?
To accomplish the defined objectives, one decided to do the observation in a shopping mall. The specific questions that are initially thought of are: How do people behave in a shopping mall? However, one is most interested in determining how children behave in shopping malls; especially in terms of gender differences.
Research indicates that there are various risk factors that can aggravate the chances of MDD’s onset. There are several treatment methods that can be used separately or in the combination according to the severity and cause of depression. It is important to note that nursing management, psychologists and clinical specialists, advanced practice nurses can also play an important role in the treatment of patients facing MDD.
Perhaps it is important to note the fact that the competition in the apparel industry is quite high considering the huge number of players within the industry (Rasiah 540). When it comes to ranking of clothing exports, Malaysia is at the same level with Sri Lanka, Morocco, Tunisia, and Poland, which more or less share the same cultures and customs (Khadmudin para.
Other studies have indicated an average turnover among non-management organizations employees in the United States at about fifty percent and about twenty-five percent for management workforce. Research carried out by Gautam (2005), the American Hotel and Motel Association provides approximations of standard employee turnover of sixty percent to three hundred percent.
Africa has a significant force in contemporary fashion markets, and inspires fashion designers from all over the world (Allman 189). This paper seeks to create a presentation where a Malaysian fashion retailer wishes to expand its business into the African Market.
And whereas the tragic hero falls from an originally fortunate position, the comic hero rises above obstacles which lay on his way; he is triumphant in the end.
In the Aristotelian definition of tragedy, the protagonist or the tragic hero