Retail Business Analysis Burlington Coat Factory Corporate History and Summary Originally founded in 1972 by Monroe and Henrietta Milstein with only one coat/outerwear factory and store, Burlington Coat Factory Warehouse Corporation has grown into an extremely successful discount retail outlet chain. Although it began as a family-owned and -operated business, the company went public for a time, with the Milsteins retaining a majority of share holdings (BCF, 2011). Eventually, the company was purchased

Retail Business Analysis: Wal-Mart Marketing Tactics Why does a business need a marketing strategy? The basic answer is simple: to generate sales. However, the manner in which a business goes about developing its marketing strategy can differ significantly from one business to another. In order to understand what type of marketing strategy works best for a certain company, one must first understand the basics of each specific strategy along with viewing

Retail Management Best practices in the retail industry come down to ensuring that employees are well-trained, adequately motivated, and that there is a high level of quantitative management with respect to both staffing levels and with respect to merchandising. Getting to know the employees is a good start to developing best practices in the industry. Star merchandisers like Sam Walton and Jim Sinegal spend time on the retail floor. They know

Retail Business Analysis The retail establishment that I visited is a local chain of shops called Shopko. They sell a wide range of products including clothes, sports wear, toys, household items, electronics, greeting cards and candies. The section that I would like to concentrate is the clothes section for infants and toddlers. What is Generic Marketing Strategy and its implications for Shopko? Generic marketing strategies help an organization to gain competitive advantage in

Current Problem Diagnosis The problems within Marks and Spencer began in the 1990s, starting with financial difficulties, aggravated by fierce competition in the industry and consequently decreased sales and profits. Market analysts blamed the occurrence of the problems on a poor quality of the management. M&S was accused of not having paid enough attention to the changes affecting the market and as such, they had failed to adapt to the

The graphic shown in Figure 1 was also provided in the article (Porter, 2008). Figure 1: Five Forces Model (Porter, 2008) This model's effectiveness does not however capture the increasingly critical role of tacit and explicit knowledge in businesses. The tacit knowledge, of the type that is learned from the continual streamlining of core processes, is not easily captured and communicated. It is often called tribal knowledge as this type if intelligence