...stages of the Growth Cycle * Remote Environment * POLITICAL – Change in legislation – ie. Tariff attached to every purchase. Negative * ECONOMIC – Exchange rate fluctuations – most online shopping growth is coming from intl. Labour Costs – need to reduce in order to make retail shopping more competitive. Positive * SOCIAL – Better Security – with entering personal banking information for online payments. Work/Life balance – Convenience and time poor. Positive * TECHNOLOGICAL – More efficient. Very dependent on advancing technology. Cost of production is reduced as the “middle man” ie. Retailer is reduced. Positive * ENVIROMENTAL – Logistically – more trucks on the road to make deliveries. Increased Packaging. Negative * LEGAL – Actually changing the legislation – to allow companies to ship to Australia. Positive More positives than negatives – industry will grow at faster than average rates. PG 2.35 Porter’s 5 Forces 1. Threats of new entrants Industry is attractive. No significant barriers to entry. Products available to customers are not much differentiated. 2. Rivalry among existing firms Strong. Industry is growing and products being sold are not very differentiated. Try to differentiate by shopping miles, “see” the...
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...INTERNET VS STORE-BASED SHOPPING: THE GLOBAL MOVE TOWARDS OMNICHANNEL RETAILING Euromonitor International August 2014 INTERNET VS STORE -BASED SHOPPING: THE GLOBAL MOVE TOW ARDS OMNICHANNEL RETAILING Passport I LIST OF CONTENTS AND TABLES Executive Summary ..................................................................................................................... 1 Growth Drivers .......................................................................................................................... 1 Internet Retailing Trends .......................................................................................................... 2 Chart 1 Global Internet Sales by Category 2013....................................................... 2 Behaviour and Characteristics of Online Shoppers .................................................................. 3 Retailer Strategies .................................................................................................................... 4 Outlook ..................................................................................................................................... 6 Summary 1 Opportunities and Threats to Retailers ......................................................... 6 Introduction................................................................................................................................... 7 A New Way of Shopping ...................................................
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...INTERNET VS STORE-BASED SHOPPING: THE GLOBAL MOVE TOWARDS OMNICHANNEL RETAILING Euromonitor International August 2014 INTERNET VS STORE -BASED SHOPPING: THE GLOBAL MOVE TOW ARDS OMNICHANNEL RETAILING Passport I LIST OF CONTENTS AND TABLES Executive Summary ..................................................................................................................... 1 Growth Drivers .......................................................................................................................... 1 Internet Retailing Trends .......................................................................................................... 2 Chart 1 Global Internet Sales by Category 2013....................................................... 2 Behaviour and Characteristics of Online Shoppers .................................................................. 3 Retailer Strategies .................................................................................................................... 4 Outlook ..................................................................................................................................... 6 Summary 1 Opportunities and Threats to Retailers ......................................................... 6 Introduction................................................................................................................................... 7 A New Way of Shopping ...................................................
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...the internet has developed drastically. One of its focal areas is internet shopping, which is vastly becoming more popular during the last few years, which led to the factor of increasing consumerism to a point almost beyond recognition. For those who have access to the internet, they are granted the privilege of a vast choice of not only physical but also digital products which have always been subject to availability in the high street. Types of shops Nowadays retail establishments can be fragmented into three classifications. Those constructed solely in physical retail shops, those assembled around the concept of both physical shops and online shopping, and also Ecommerce which is exclusively online shopping. History Before anyone was able to obtaining goods online there were only limited ways where people were able to purchase products. One of the methods was to go to the high street and inside the stores. Alternatively products were acquired by teleshopping, where you would call a number, usually advertised on TV, and give your credit card details. Nonetheless giving credit card details over the phone is very unsecure as other individuals could perhaps be listening to your conversation over the phone and be granted with all your credit card and personal details. Although when online shopping initiated security was also one of the primary concerns. Due to the result of inexperienced online shopping developers, hackers would continuously be lurking on every corner to infiltrate...
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...TRANDITIONAL VS ONLINE RETAILER MGMT310-1205B-01 Pamela Kruse January 13, 2013 Abstract: As we all know the internet has created many ways for companies to do business online. In this paper I will discuss the differences between traditional and online retailers. I will also discuss what advice I would give a traditional retailer to switch to an online retail organization. Traditional Retailer is called a building that is of brick and mortar store. This means that the customer will walk or drive to the store to do their shopping. A good location for these stores would be around a shopping center; this is a foot traffic place. The retailer will also advertise to attract more customers in that area as well. A traditional retailer will have to pay rent, heat, light, and of course insurance bills. The retail store will also have to keep merchandise in the stores for the customers to buy; this will need space and storage to where they will not run out of merchandise. The retail store in order to get customers to come and keep coming must have a good store front. That means neat appearance along with good advertisement that will invite the customer to come shop. Online retailer can reach people all over the world, but you will need to set up a good ecommerce site so people find you. This can be done by making sure promoting the website through links like shopping directories, and social network sites. Online retailers have lower overhead costs than traditional retailer. Online retailers...
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...InstaBike Shop & Assembly: Online Cyclist Guide to Satisfaction A Capstone Project presented to the Department of Information Technology Faculty of Engineering Institute of Information and Computing Sciences University of Santo Tomas in partial fulfilment of the requirements in the degree of Bachelor of Science in Information Technology Azarias, Bernard Ezekiel A. Dasalla, Jose Paulo D.R. Espiritu, Karlo Antonio A. Peralta, Paolo Javier J. Guevara, Steven Kristian L. April 2015 Table of Contents Chapter l......................................................................................................................... 3 Introduction ................................................................................................................. 3 Project Context ........................................................................................................... 4 Purpose and Description ............................................................................................. 5 Objectives ................................................................................................................... 5 Scope and Limitation .................................................................................................. 6 CHAPTER II ................................................................................................................... 8 Traditional Shopping vs Online Shopping ....................................................................
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...Comparing shopping online with traditional shopping. Shopping has evolved though out the years starting with exchanging goods, then money was introduced and the modern world is now doing it via computers. The concept of online shopping can be extremely appealing but also very disappointing, were as traditional shopping might be somewhat taxing but more satisfactory. Comparing online shopping with traditional shopping can shed some light on the pro and cons of both. Shopping usually involves getting dress, drive to a mall, walk around for hours and getting back home exhausted. Some people love it, and some hate it. On the other hand, with online shopping one can simply sit back and decide on a product or item of interest and ‘click’ order. “If one were to stoop to word play, then ‘Window shopping’ has acquired a new meaning altogether” (Vadlamudi, 2013). Based on a survey done in April 2013 “75% of Consumers Prefer Customized In-Store Experiences Over Online Shopping”. Shopping in a mall can take up to two hours or even longer if coffee stops and lunches are included. Usually when people go to a shop they essentially know what they want to buy or have a good idea what they are looking for. The downside of this is that the store does not always have exactly what they want or the correct size and color is not available. But if that same person were shopping online, they would have a greater variety of stores available, which not necessarily is in the same country as they are...
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...On-line vs Brick and Mortar Shopping According to a trend analysis performed by eMarketer, online buying trends will grow from $225.5 billion dollars in 2012 to almost double the number at $434 billion dollars in 2017. Whether it is to buy food, clothing, gas or anything else ones heart desires, shopping is a necessary evil that we all must experience in everyday life. Luckily, in the past several years, the Internet has changed how society shops for goods. Now one can choose between physically driving to a brick and mortar storefront and dealing with the crowds or shopping from the comfort and convenience of their homes and avoiding the social aspect altogether. There are distinct advantages and disadvantages to both methods of shopping. Online shopping is more convenient than physical retail shopping as consumers can compare prices; there is a wider selection of goods, and it is less time-consuming. Who doesn’t enjoy a bargain? By shopping online for items, one can simply open a second tab in a web browser and then search for a better price. Within minutes, one is able to compare pricing between a plethora of different retailers to find that sought after item at a great price. Other websites may offer rebate codes and coupons that one may not find elsewhere which gives the online shopper an even bigger discount than physical retail means. Being able to multi-task with multi-tabs gives the consumer a distinct advantage by making sure that the price paid for an item is...
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...important for retailers to be an omnichannel? First of all, Welfare (2011) says that "understanding your customer will allow your business to grow with your customer and provide them, and the potential new customers bring with them, with complete satisfaction for their lifetime" (p. 3). Knowing your customers takes time and effort, but I think when making your customers happy they will return in multiples; a happy customer will tell five people about an experience, whereas unhappy customer will tell 11 people. When brands focus on the 'Lifetime Value', they can guarantee that the closest friends and family of the current customers will become new loyal customers. Beside the important focus on customers, the separation between online and in-store shopping is blurring (Wanderful Media, 2012). Customers touch a brand on many...
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...Customer Satisfaction 7 How Customer Satisfaction is Measured 7 E-Commerce Business Plan Template 8 Mobile Applications 8 Market Analysis Summary 9 Key Competitors 9 Walmart vs Amazon 10 Walmart vs WinCo 10 Data and Information Management Plan 11 Information Collected 11 How Information Collected Is Used 12 Policies to Protect Information 13 References 14 In today’s world shoppers like to have a one stop shop where they can go to get everything they need at a low price. Wal-Mart has provided that type of store for customer to be able to shop for groceries, clothes, house hold items, furniture, toys, pharmacy, and electronics. They are good at giving the customers what they want, they were the number one business of the Fortune 500 list for 2014 the second year in a row (Fortune 500 2014, 2014). Wal-Mart opened their first store in July 1962 in Roger, Arkansas. In 1991 Wal-Mart went international by opening up Sam’s Club in Mexico City. “Today, Walmart operates over 11,000 retail units under 71 banners in 27 countries (Our Story, 2014).” Walmart employs 1.3 million in the United States and 2.2 million associates around the world. Walmart’s mission statement is “Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices (Our Story, 2014).” In short Walmart often uses “We save people money so they can live a better life (Jurevicius, 2014).” Business Model When...
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...and Strategy Paper PHL/320 6/8/2015 SWOT and Strategy Paper Retail companies, like other businesses, often use SWOT analysis to evaluate their companies. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis for retail is a detailed look at the retailer’s strengths, weaknesses, opportunities and threats vs. there competitors. The internal factors that affect company’s success and failure are the Strengths and Weaknesses of a company. Opportunities and Threats are external factors that show a firms growth. The success or failure all depends on how well the customers see the products being. There are many positives and negatives that retail stores face all the time with product, quality, and customer service. The first step in doing a SWOT analysis for an online retail is indentifying certain strengths that the company has. The strengths a lot of online companies have are unrestricted services/24-7 operation, Labor and time saving, less cost/affordable. On-line shopping can be accomplished without any restrictions. The way technology is with online shopping, gives the consumers the ability to select and purchase whatever at anytime and anywhere. Online gives the ability for the business to offer anytime service which helps for people that can’t make store hours and don’t have an efficient and effective location to go to. Labor and saving time is a big strength for online companies because consumers can save the cost and time. The customers...
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...even to do are Christmas shopping. All of the stores are trying to help us make are lives a little bit easier for us to shop. Since the advent of the Internet, modern holiday shoppers have been present with a choice, buy their gifts in a traditional storefront or shop online. There has been a time in everyone's life that there was just not enough time to get everything done in the day and to get the items when we wanted to. Most of the big box retailers like Wal-mart, Best Buy, and Meijer have given us a choice of delivery; as they have certain hours and holidays that they are open for business to the public. What happens if a store is closed and you need that one item to get your family through the night, like a pack of diapers or medicine because someone is sick? Every retail store is trying to make their presence know and give us the option to still shop in their stores 24 hours a day, 7 days a week at our finger tips to help with their stores closing for any reason. Mother Nature and holidays have been the only time a store has closed regularly. On the Internet, the regular shopper does not have to worry about getting out into the bad weather or have to worry about the store closed due to a holiday. With weather being a factor around most of the major holidays; the companies on the Internet offer their items to be shipped to your house free of charge. Each of the store fronts are going to have considerable similarities between the online store and the brick and...
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...RETAIL MANAGEMENT ASSIGNMENT A COMPARATIVE STUDY ON SHOPPERS STOP & WESTSIDE SUMMIYA SAIFY 08PG198 Marketing - A Indian Retail Sector The Indian Retail Sector has undergone rapid transformation by setting scalable and profitable retail models across various categories and formats. Traditional markets are making way for departmental stores, hypermarkets, supermarkets and specialty stores. The modern malls cater to shopping, entertainment and food, all under one roof. It was estimated that India will have over close to 50 million square feet of quality retail space by the end of 2007. The growth in mall space has been over ten fold in four years: from about 2 million square feet in 2002 to 28 million square feet in 2006. The Indian Retail market is estimated to be worth around Rs. 14,100 billion. The organized retail market has increased its share from 3 % in 2004 to around 4 % in 2006 and is valued at Rs. 511 billion. Key Drivers Changing Demographic profile Rising income levels Increasing Middle class consumption growth Real Estate Boom Technology Fluidity Exposure to international trends Challenges Human resource Technology logistics Market Information and Presence Investments Overview of Retailing in India The Indian Retail market is estimated to be worth around Rs. 14,100 billion. The organized retail market has increased its share from 3 % in 2004 to around 4 % in 2006 and is valued at Rs. 511 billion (source: India Retail Report 2007). Food and grocery...
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...the two retail websites of my choice are the very well known Amazon and EBay. Both websites offer a variety of items available for purchase and highly service regions within the United States of America. On both sites, you can find commodities ranging from house hold items, electronics, clothes, books and to some extent automobiles and automobile parts among other items. Both websites act as virtual stores where just about anybody with access to courier services and payment platforms such as MasterCard or Visa can easily make purchases on their computer or related devices and have the items delivered straight to their door step. The main reason as to why I opted to use the two sites in my response is mainly because both sites are highly diversified in terms of products available for sale. As initially stated, both sites deal with a variety of items including the most basic items such as clothing. Another reason as to why the two website retail stores fit this purpose is because they are among the leading retail websites on a global basis where both websites offer retail services beyond the United States thanks to logistics services from companies such as DHL and FedEx that have made shopping on both sites open to just about any other country outside the United States. For diversity purposes and range of products available on both websites, below are screenshots of categories of the various commodities both sites have to offer as “website based retailers”. Amazon shopping category...
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...This report will bring forth qualitative and quantitative research on the opportunities, advantages, disadvantages, impact, and requirements to successfully launch an online marketing campaign and establish a successful product presence on the World Wide Web. By focusing on company strengths, customers, and values, the firm will increase sales within three months, while this business plan will lead to improved sales, profitability and national production recognition. With minimal outlay the new online sales division will be able to provide unique, innovative, and upscale shopping for our customers without limiting their selection pending the size of the local retail store. Moreover, with the popularity and exponential growth rate of the internet the firm will provide an easy, affordable conduit to our customer base that will allow 24/7 customer access to our product line and effective marketing through search engine optimization. By adopting this business model, E-commerce will drive profits while selling goods directly to the consumer. Inexpensive and effective in reaching the targeted audience, the advantages, impact, and convenience of online marketing will appeal to consumers, product sales, the firm’s advertising budget, and ultimately the bottom line. Introduction The supposition of online marketing to reach a national consumer audience is no longer a choice, it’s a necessity if a firm is to compete and profitably grow. The exponential growth of the World...
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