¶ … retailer Nordstrom's classified . Describe characteristics shares retailers type. 2. Describe Nordstrom's level service continuum full service -service.
Nordstrom Analysis
Nordstrom is in the retailer category. The store commercializes clothing items and accessories. The targeted audience is represented by individuals of all age groups and characteristics. Same as in the case of other retailers that sell clothes, Nordstrom has also expanded its range of products to include jewelry, cosmetics, and certain services.
Retailers in this market sector present a series of similar characteristics that help them maintain their position in relationship with competitors. Such department stores rely on providing a wide range of products, and they focus on consumer goods and on products with high demand. This refers to apparel, electronics, houseware, cosmetics, and furniture. The differentiation between this type of department store and others is represented by the fact that the purchase is made within each department, in comparison with a central area that is organized in other stores.
In other words, this type of retailer is organized in the form of several individual buying centers. The reason behind this type of organization relies on the fact that it allows the store to make economies of scale, and to improve customer service and control. But the strategy of the entire store and the decision making process are centralized. This means that the store's managers...
They handled the situations in case the way they did in order to improve customer experience and increase their loyalty. This behavior is supported by Nordstrom's management that encourages its employees to exceed their job requirements when assisting customers. From this point-of-view, there are numerous differences between Nordstrom and most of its competitors. For example, Sears is one of the department stores that do not seem to pay that much
Starbuck's Pricing Strategy: Throughout its history, Starbucks Corporation has established a reputation for having the most expensive coffee products in the marketplace. The evident premium pricing at Starbucks are combined with the premium name or brand that the organization has also developed. While the prices of Starbucks coffee products are relatively expensive, the high prices are approved by many customers in many places where the firm has its operations. Pricing act
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now