Technology vendors that specialize in online security continually are augmenting online verification and validation technologies to overcome this threat, yet there is still the issue of how to generate and sustain trust over time with customers online. A second disadvantage is the lack of accuracy in sizes and colors, despite advances in this area technologically there is still the problem of "Extra Large" having different meanings to different people. The challenge when purchasing online is to interpret what an online retailer is saying on their website relative to the consumers' requirements. Third, many online retailers do not have a returns policy that is realistic, meaning they in many cases will not accept returns that may not fit correctly as portrayed on their website, or require customers to pay for shipping and restocking charges. Fourth, it's often up to the consumer to make sure the package is insured, as many online retailers do not insure their packages being shipped to customers. Even though online retailers do have integration links to shipping companies including FedEx, UPS and others, when a package is lost depending on the online retailers' inventory, it may be weeks or months until it is available again. Fifth, purchasing apparel online is problematic when dealing with international apparel sites, due to currency fluctuations and the implications of tax codes as well across nations. In summary, the major disadvantages of purchasing apparel online center on the issue of protecting financial...
Internet shopping - the sequel: Four years after the bubble burst, e- tailing is back. But this time the stars are not start-ups but traditional retailers::[LONDON 1ST EDITION]. Financial Times, p. 10. Retrieved December 12, 2007, from ABI/INFORM Global database. (Document ID: 748330821).
Despite this array of potential benefits I also came across numerous obstacles including risk issues that encompass security and privacy concerns. With this in mind when starting my own business I'll will focus to prevent and take every precaution possible to overcome and therefore give myself advantage over the competition. Potential customers how many have you talked to? While attending seminars, talking to friends and meeting new people during my research
2. Products/Merchandise The target store included various types of merchandise, such as electronics, music and video (DVDs and CDs), beauty products, clothing and shoes and automotive parts. Additionally, the target stores also included a food department, mainly with non-perishable items. There are two main factors differentiating the target store from the Wal-Mart store previously analyzed, in terms of products. First of all, the Wal-Mart store did not have a food department, residing
Brick or Click From rural strip-malls to Manhattan’s avenues, it has been a disastrous past few years for retail. There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s and Sears have each announced more than 100 store closures. Sports Authority has liquidated and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters and American
Apparel Industry Analysis The objective of this report is to provide the analysis of the Women's Clothing Stores industry. The industry comprises of the line of the ready-made women clothing, and the category includes a specialized women suits, coats, and dresses. The industry also includes the maternity wear and line of women misses. Since 1990, the structure of the women clothing stores in the United States has changed significantly because of
Social Issues Social factors relate to assessing the social, cultural, demographic, and environmental profiles of addressable markets (Sears, 2011). These trends are shaping the way Americans live, work, produce, and consume. Such a dynamic society gives Sears the opportunity to be a trendsetter in its various product categories. Sears currently faces many threats from many different retail chains like Wal-Mart and Target. These stores are beginning to offer customers a single
Maxx Company -- Strategic Marketing Plan TK Maxx Strategic Marketing Plan TK Maxx is expanding beyond the brick and mortar footprint that helped it rise to the top of retail operations in the United Kingdom. As with its competitors, TK Maxx has entered the mobile digital market and is implementing multiple distribution channels (McVey, 1960). The company has a clear target market that transcends the various channels over which its goods are
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