In researching and preparing your paper, you should use a minimum of 5 sources of information. Develop a reference list of your sources and appropriately reference them throughout the paper as you present information from them.
1. Describe the current climate and situation that your retailer finds itself in as it attempts to compete. Describe what is occurring in the industry. Provide a brief overview of the retail sector in which the retailer operates. What environmental and economic factors are affecting the retailer? Describe competitive pressures, changing demographics and buying preferences, consumer behavior issues, image issues, etc. that affects this retailer and how they conduct business? How has the industry changed as a result of ecommerce and technology?
2. How has your retailer changed and evolved over time? What is your retailerâ€™s primary business? What is their business model (how do they choose to operate)? What is their corporate strategy? What are their goals? What parts of their business are growing and generate the most revenue? How is your retailer seeking to increase revenue in the future?
3. Corporate Analysis â€“ Who is the parent company of your retailer? What retailers are part of their portfolio? What is the parent companyâ€™s overall market strategy and how does this retailer fit into their overall strategy?
Who are the retailersâ€™ competitors (both direct and indirect)? How does your retailer compare to these competitors in terms of its size, market dominance/share, sales, profitability, etc.?
What is your retailerâ€™s competitive strength? How do they try to compete? Are there strategies that have not worked for them?
What retailers have they identified as competitive threats? Why?
5. Retail Market Strategy
a. Target Audience â€“ Who is their target audience? (describe demographically and psychographically, if possible) How does this compare to the competition?
b. What image do they want to convey? How do they attempt to position themselves in the minds of consumers in the market? What is their current image in the industry and in the minds of consumers? Is this image working for them? How does this compare with the image of competitors?
c. How do they make use of technology (web and ecommerce, supply chain management, information systems, etc.)? How has technology affected the way they conduct business?
d. What is their global presence and strategy? What countries have they entered? How successful have they been expanding into these countries? What obstacles have they faced?
e. What is their location strategy? Why have they chosen this strategy?
f. What is their approach to managing human resources? (if this info is available)
g. Describe their merchandising strategy â€“ how they buy, what they buy, breadth vs depth of merchandise, etc. How is it reflected in their financial strategy?
h. What is their pricing strategy and how does this affect their profitability?
i. Describe their approach to advertising and sales promotions. Has it been effective for them?
j. What challenges does your retailer face in terms of the retail strategy variables just described? Do some appear to be working better than others?
6. Conduct a financial analysis of your retailer and two to five of its top competitors. Include revenue growth, Gross Margin, Net Margin,Inventory Turnover, projected sales etc. What does this analysis say about how your retailer operates and its profitability? What can your retailer do to improve its profitability?
This should be atleast 5 pages in length( just words). All tables and numbers should be in the appendix. Also compare to 3 other competitors and use 3 financial years (recent at least upto 2018)
Please follow the guidelines and write it like you are answering the questions but in a paper form. Everything in the guidelines needs to be included and labeled.