...Kohl’s Pricing and Retail Strategy Kohl’s opened their first department store in 1962 Brookfield, Wisconsin a spinoff of the Kohl’s Grocery chain which was founded in Milwaukee, Wisconsin in the late 1920s. Kohl’s has grown to over 730 stores in 41 states. (Reference for Business, 2005) Retail Strategy Kohl’s operates as a discount department store offering name brand products with discounted pricing. Targeting middle income families, Kohl’s retail stores average 86,500 square feet in size and are located in shopping malls as well as freestanding marketplaces. The retailer also has an online presence at Kohls.com. (Reference for Business, 2005) Kohl’s uses a variety of different venues to advertise and promote its products including magazines, newspapers, direct mail, e-commerce, internet, Kohl’s App as well as mobile coupons can be texted to a smartphone. Kohl’s also offers a credit card providing additional in store as well as online savings. Kohl’s offers a “Kohl’s cash” rebate with every purchase in the store. Kohl’s cash is an in store cash incentive for the consumer to return on another date to the store. With every 50.00 spent at the department store the consumer receives a 10.00 that can be redeemed at a future date on additional purchases. (Kohl’s 2014) Pricing Strategy Kohl’s achieves discount pricing with limited staffing, centralized buying and distribution passing on their savings on to the consumer. Shoppers at Kohl’s expect to get a discount,...
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...Lee Daniels “The Butler” This is sort of the story of Eugene Allen, an African-American who was a butler at the White House from 1952 to 1986. During his period in office, he served presidents from Harry Truman to Ronald Reagan. In Lee Daniels’ The Butler Allen’s fictionalized substitute is Cecil Gaines who is played by actor, director, and producer Forest Whitaker, who leaves his burdened Southern life behind to start a new life in working in our nation’s capital. Much to the delight of his wife, Gloria, who is played by the media owner (OWN), talk show host, actress, producer, and philanthropist Oprah Winfrey, and the exasperation of his activist son, Louis who is played by the actor and producer David Oyelowo, Cecil’s attentiveness to the needs of the civic elite while working at the hotel earns him a job at the presidential mansion. It’s there that he spends several decades, observing as people of power deal with questions of war abroad and civil rights at home. Daniels’ film uses the unique perspective of a White House butler as a jumping-off point to explore questions of race in the 1960s, 70s and 80s. Lee Daniels “The Butler” has some accuracies based on Eugene Allen’s life and there are also some inaccuracies that is true about Cecil Gaines life that is not true about Eugene Allen’s life. Born on July 14, 1919, in Scottsville, Virginia, he died in 2010 and had a movie made some what about his life in 2013. With the time that he was born it was a very horrific time...
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...UNIX/Linux versus Mac versus Windows Rough Draft Annette Freshwater, POS355 November 4, 2013 Alicia Pearlman UNIX/Linux versus Mac versus Windows Final In today’s world of technology creation, development, and enhancement there are key factors to take into consideration. The choice of operating systems can determine the software and hardware utilized, the applications of the devices or programs, and determines the demographic, which will use the products. However the ever-changing field of technology has become more user-friendly, compatible, and more accepted in main stream than before. The main operating systems employed today are as follows: UNIX/Linux, Mac, and Windows. We will explore the various aspects of key components in these operating systems, memory, process, and file management along with the security of each system. The comparison of each system will determine the operating system best suited for the needs of our creations, projects, and improvements to the technology of the past, present, and future. MEMORY MANAGEMENT Memory management in multiprocessor systems is essential in executing several processes simultaneously. The multitasking of a system aids the user in accomplishing his or her task more efficiently than with a single processor system, which is important in the current climate of today’s multifaceted mix of professional and personal world. Why choose UNIX/Linux, Mac, or Windows to develop a device, product, or program? The...
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...Reviewer Name: Scott Goss Article Title: Coming Back to Kohl’s Article Author: Lawrence C. Strauss Article Publication Date: Saturday, October 26, 2013 Article Source: Barron’s URL: http://online.barrons.com/article/SB50001424053111904897104579149563981361616.html?mod=BOL_da_popemail#articleTabs_article%3D1 Article Summary (200 – 300 words): The article “Coming Back to Kohl’s” describes how strong efforts from management could lead to a 20% rise over the next year for the company’s shares. Management has taken steps in improving inventory levels and merchandising. Improvements in the form of merchandise assortment, private-label programs, and e-commerce are expected to create modest revenue growth and higher pretax margins. Recent management decisions have been made to support the possible 20% rise beginning with the retailer’s shareholder-friendly capital-allocation policies. As of 2010, management has reduced market capitalization by 30%, buying back nearly $4.6 billion worth of shares. Currently, the stock yields 2.6% and in 2011 issued dividends which have grown steadily to $1.40 a share. Misjudging demand has been a problem for Kohl’s since the beginning. Management has put an emphasis on solving this issue and has already seen signs of success. In the August quarter alone results have shown a 6% rise in inventories. In May, there was an announcement made that the company would be hiring Michelle Gass, a former Starbucks executive who has...
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...Tiffany Prill Challenges of Leadership Leadership Book Analysis Modern World Leaders- Angela Merkel The person chosen for this leadership report is Angela Merkel. I read “Modern World Leaders-Angela Merkel” written by Clifford W. Mills. Being born in Berlin, with my pride in being German, as well as being a female with my own leadership ambitions, I felt Angela Merkel was a perfect fit for me. Gaining knowledge on the leadership style from one of the most powerful and influential women in the world, while also learning the values and beliefs my country is grounded on, I find Angela Merkel to be extremely interesting leader to study. Angela Merkel (born Angela Dorothea Kasner), was born in Hamburg, Germany on July 17, 1954. Angela was raised in East Germany where she later received Associates degree in 1973. Shortly after, she enrolled to the Karl Marx University where she later met and married Ulrich Merkel.She graduates with a bachelor and continues onto her PhD in Science at the Central institute for Physical Chemistry of the Academy of Sciences in Berlin. By 1986 she received her PhD which is also the same year she goes back to West Germany for the first time since she was baby. It was the many years in West Germany, full of communism and hardships, that taught Merkel how strong and powerful government could be. Merkel was determined to use power to serve the people not use it to control them. Rather than telling them what they wanted hear, she told them what to...
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...political system. She would also represent the FDJ in her secondary years as a member of the group’s district board. Political Life With the fall of the Berlin Wall in 1989, Merkel stepped into a full-time role in politics, becoming the deputy spokesperson for the Lothar de Maiziere pre-unification government. Post-reunification, she herself was elected to the Bundestag as a representative of her East German district, Stralsund-Nordvorpommern-Rugen, which she would represent until her ascendancy to the Chancellorship. From that point, she served in ministerial positions, including Minister for Women and Youth and Minister for the Environment and Nuclear Safety. During this time, she was taken into the mentorship of Chancellor Helmut Kohl. After Kohl’s defeat in the general election of 1998, Merkel moved on to a position as Secretary-General in her party, the Christian Democratic Union. During her tenure, she significantly expanded the influence and purchase of her party...
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...Kohl's Earnings per Share of Common Stock (basic - common)As given in the income statement Current Ratio J.C. Penney $3.67 Current assets Current liabilities $5,645 $2,710 = 2.1 $13,042 $2,647 = Gross profit amount Net sales $7,032 $18,391 = 38.2% $6,960 $17,759 = Net income Net sales $1,114 $18,391 = 6.1% $389 $17,759 = Inventory Turnover Cost of goods sold Average inventory $11,359 $3,036 = 3.7 $10,799 $3,213 Days' Inventory Outstanding (DIO) 365 days Inventory turnover 365 3.7 = 98 days 365 3.4 = Accounts Receivable Turnover Net credit sales Average Net Accounts Receivable $0 $0 = #DIV/0! $0 $0 = Days' Sales Outstanding (DSO) 365 Receivable turnover ratio 0 #DIV/0! = #DIV/0! 0 #DIV/0! = Net sales Average total assets $18,391 $13,726 = 1.34 $17,759 $13,042 = Gross Profit Margin Rate of Return (Net Profit Margin) on Sales Asset Turnover Rate of Return on Total Assets (ROA) Debt Ratio Times-Interest-Earned Ratio Dividend Yield Net income Average total assets $1,114 $13,726 = 8.1% $389 $13,042 = Total liabilities Total assets $5,462 $13,564 = 40.3% $7,582 $13,042 = Net income + int expense + tax expense Interest expense $1,914 $141 = 13.6 823 231 = Dividend per share of common stock (Yahoo Finance 11/1/2013) ...
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...The skills approach focuses on the ability to use one’s knowledge and competencies to accomplish a set of goals and objectives. In terms of these competencies, the skills approach identifies three particular competencies that are related to strong leadership which include: technical skills, human skills, and conceptual skills. In terms of these competencies, Angela Merkel has demonstrated strong qualities, made influential decisions, been elected through a public election process, and received numerous accolades that indicate she has a high level of proficiency and effectiveness in all three aforementioned competencies associated with the skills approach. The leadership competency of technical skill can be defined as the knowledge about and proficiency in a specific type of work or activity, and involve a hand-on activity with a basic product or process within an organization (Northouse, pg 44). In terms of politics, the technical skills necessary involves knowledge of foreign policy, an ability to effectively negotiate with other leaders and unions, and also an ability to enact effective policies for the area one governs. Angela Merkel is a prime example of the skills approach in relation to technical skills because of the fact that her successful tenure as the Chancellor of Germany was precluded by a late involvement in politics. As was previously mentioned, Chancellor Merkel did not become involved in any kind of politics until the age of 36. Thus, she had to learn and acquire...
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...This dissertation will discuss Angela Merkel’s Leadership style and ethics during the Euro crisis. It will also compare Angela Merkel’s leadership style to servant leadership style. It will also describe how servant leadership may or may not change the outcomes of the Euro crisis. In the closure of the dissertation, I will discuss my own leadership philosophy. Angela Merkel Angela Merkel is the Chancellor of Germany. Last fall, she was elected to her third term as chancellor of Germany, making her one of the only two European Union leaders that survived the economic crisis (The Guardian, 2013). Angela Merkel was named by Forbes in 2014 as the most powerful women in the world (Forbes, 2014). Angela Merkel’s leadership style is pragmatic and methodical (The Guardian, 2013). Anne Applebaum (2013) states “She reigns. She doesn’t tell people what to do, she doesn’t give orders, and she isn’t bossy or pushy. She doesn’t throw Germany’s weight around or make demands. She simply sets parameters, and then lets everybody else make ‘choices’ themselves.” Merkel’s leadership style is prudent, democratic, and modest. Merkel prefers discussion, deliberation and consensus (Zeeb, 2013). The Germans call her “Mutti” (mummy), because she understands what her country wants and makes sure her country gets it (Zeeb, 2013 & The Guardian, 2013). Angela Merkel is a no nonsense leader that is well respected. Merkel and the Euro Debt Crisis The European sovereign debt crisis...
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...L. Robert Kohls, Executive Director for The Washington International Center discusses the American cultural values and how they may be seen through the eyes of international visitors. In his article he provides a list of thirteen ingrained values that most, if not all Americans have and share. He also explains how American actions through these values are very strange and unsettling in comparison to foreigner’s values. He calls these values “The Values Americans Live By” a list of thirteen values that explain how Americans act and what they deem as important to American society. He tries to explain this in a way that will assist international visitors understand the nature of American culture and how it may differ from theirs. He begins to explain that Americans cannot put their finger on their own values and are not able to identify what they believe as a whole. He also explains that the list is viewed by Americans as positive meaning that all the values listed are looked on as very favorable and advantageous to its culture. The list starts with how man has the right and should control nature and uses the example of space travel and landing on the moon. He explains that Americans do not rely on fate and will go so far as to criticize and demean people that do. Americans at all costs will do whatever it takes to control nature. Change is the next on the list and is inevitably a good thing that brings progression, advancement, and evolution. He suggests that Americans...
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...STATE Me my family we were all silent looking at the sites of madison. finally we got there Johnny's bar & grill are last stop before the kohl center. while waiting for our food we played basketball on a mini court. we tried to reenact the best plays of the season. I remember the time the trevor had a wide open court with adam pronschinske behind him trevor threw it off the glass and adam slamd it. but that was awhile ago. finally are food and drinks were here we ate up and still had lots of time but we still went to the kohl center. we got in our seats and me and my sister went down to the student section. It was the state finals between the neenah rockets and the germantown warhawks. Last year they were the best team in state but i still...
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...While some of the department stores covered by this Survey beat our same-store sales estimates for the first half of 2011, some lagged behind. (For details, see the “Same-Store Sales of Selected Department Stores and Discounters” table on the previous page.) Most of the moderate-price department stores such as J.C. Penney and Kohl’s fell behind expectations. On the other hand, discounters such as Dollar Tree Stores and Dollar General reported relatively strong gains in the first and second quarters of 2011. The better department stores such as Saks and Nordstrom have been able to attract upper-income households with limited sales promotions, by offering convenience and a superior shopping experience. These stores are sticking to their core strategies: they are actively striving to come up with innovative marketing programs and customer services, and selling exclusive designer products. (Adams Media Research, 2012) [pic] J.C. Penney and Kohl’s both posted modest sales gains in the first and second quarters. While middle-income consumers are showing reasonable caution in their spending behavior, they’re willing to go slightly over budget when the merchandise is right. Overall, discounters exceeded our same-store sales expectations for the first half of 2011, reflecting stable consumer demand for everyday necessities. Among the big box discounters, we believe Target benefited from an expanded assortment of food and allied categories. We also think the company...
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...United States, Kohls (1988) determined that there are 13 values that Americans live by and he discussed those in an article. Commentary on the List of Basic American Values 1. Personal Control over the Environment/Responsibility Americans believe they have control over nature and that this is part of their natural destiny and that there are few things man cannot achieve. Americans believe that everyone should look out for their own self-interests and not depend on others (Kohls, 1988). 2. Change Seen as Natural and Positive Kohls (1988) talks about the fact that many cultures view change as not always something positive. These cultures value stability, continuity, tradition, and a rich and ancient heritage (Kohls, 1988). 3. Time and Its Control Time is critically important to Americans. Time is the given and people are the variable. To people from other countries Americans may be a little obsessed about being on time, scheduling their time, and making the best use of their time (Kohls, 1988). 4. Equality/Fairness The general premise is that people should be treated as equals on most dimensions, although, in fact, equality is actually better described as an equal opportunity. This equality for everyone equal can be seen as rude to high ranking foreigners who are used to being treated deferentially. Foreigners should be aware of this and not be offended by what can be perceived as undue familiarity (Kohls, 1988). 5. Individualism/Independence...
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...Memo of Financial Analysis Sena Lopez ACC/291 December 9, 2014 Malinda Marsh INTERNAL MEMO TO: KOHL COMPANY FROM: SENA LOPEZ RE: FINDINGS FROM VERTICAL AND HORIZONTAL ANALYSIS DATE: 9TH DECEMBER 2014 I am writing to let you know the performance of the company (Kohl) as compared to its competitive company (J.C Penny) in the same industry. Horizontal analysis: This also known as a trend analysis is used to evaluate financial statements over a period. Its main purpose is to determine if an increase or decrease have occurred. Kohl’s current assets are less by 11.38% from $6370. The reported gross profit of kohl’s is ($7032) which is higher than a penny by 1.03%. The net sales of Kohl Company are $18391 which is higher than a penny by 3.56%. From the ratios trend, Kohl Company is in poor financial operation. Vertical analysis: This also known as the common-size analysis is used with the financial statement data in a percent base amount. Kohl Company has a low current ratio of 2.1 as compared to 2.4 of J.C Penny. The gross profit of Kohl Company is 38.2% which is lower by 1% as compared to J.C penny. The assets turnover of Kohl Company is slightly lower than that of J.C penny. In general Kohl, Company is performing poorly as compared to Penny Company. Liquidity ratios measure the ability of a company to meet the short – term obligations when they fall due. Short-term creditors such as bankers and suppliers are more interested in this information to access liquidity...
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...The purpose of this report is to conduct a comprehensive business performance analysis using financial historical information/analysis of Costco. While Costco may not seem to have the revenue, assets and market share like similar and larger companies such as Wal-Mart and Target they are without a doubt a very profitable and successful company. What Costco lacks in high margins, they make up for in being a highly efficient company boasting high asset and equity turnover while maintaining optimum liabilities and debt to equity ratios. Costco is a great company that is seeing profitable success due to their business model that prioritizes quality for both its customers and employees. However, emerging with the 21st century are new ways of doing business. Online companies like Amazon.com are quickly taking market share not just from Costco but also their biggest competitors: Wal-Mart and Target. In order to stay relevant, Costco will need to maintain their business growth in the coming years and also find ways to compete against online retail giants like Amazon.com. 1. Company Background Costco is a multi-billion dollar warehouse company that operates on a global scale. Consumers can frequent Costco to find merchandise including but not limited to groceries, electronics, furniture and home goods, pharmaceuticals and gasoline. Costco specializes in purchasing its merchandise wholesale and re-selling to consumers. Consumers who frequent the warehouse club are required to pay...
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