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Thorntons Chocolates The British Company, Thortons Chocolates, Case Study

Thorntons Chocolates The British Company, Thortons Chocolates, was established in 1911 by Joseph Thornton. Today, it is headquartered in Derbyshire England, has 381 company and 261 franchise shops, over 4000 employees, and annual revenue of over 180 million British Pounds. It is the largest independent and confectionary shop in the United Kingdom, and one of the oldest continually operating confectionaries in the world. Up until the mid-1960s it was primarily family controlled, but after 1968 began franchising and expanding under new leadership, although the Thornton family continued to be involved in major Board decisions (Thorton 2009).

Key Business Issues- Up until the 1980s, the company was primarily a seasonal business with a few very large peaks (Valentine's Day, Mother's Day and Easter). New strategies and branding moved...

In 1982 Thorntons opened in the United States. This, plus additional growth, caused the need for the construction of a new factory in 1984. Despite a number of strategies, 35% of sales are still in the 2-month period before Christmas, and 10% before Easter. This continues to impact manufacturing and retailing, causing temporary staff layoffs, manufacturing downtime, and strategic issues. Following a review of profitability and the direction of the industry, in June 2011, Thortons made the decision to close between 120 and 180 of its shops (Danaher 2011).
Strengths- The company has a number of strengths, and despite market issues, has continued to prosper throughout two major wars, a change in…

Sources used in this document:
REFERENCES

Thorntons PLC Strategy Review. (28 June 2011). Retrieved February 2012 from:

http://www.investegate.co.uk/Article.aspx?id=201106280700122181J

Danaher, T. (28 June 2011). Retrieved February 2012 from:

http://www.retail-week.com/sectors/food/thorntons-to-slash-number-of-company-owned-stores/5026697.article
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