This website uses cookies to ensure you have the best experience. Learn more

Gap Inc.: Analysis Of The Retail/Specialty Retail Industry

3594 words - 14 pages

Gap Inc.: Analysis of the Retail/Specialty Retail IndustryFebruary 11, 2004Strategic Management (BUS 471)Executive SummaryGap Inc. has been doing business, starting in San Francisco, since 1969. As the company grew and expanded, so did the company culture and charity contributions. Breaking through the barriers, and making an name for themselves, they grew to be one of the most world known and respected brands in the apparel industry. With an ever-growing market, staying in touch with their customer and moving forward with their product, this company has proved themselves as a company to contribute to the competition of the retail industry.With an environmental analysis of the retail/specialty retail industry, it is discovered that culture trends are on a shift with the introduction of the Internet. People's lives continue to grow in business and industries alike must shift to ease the lives of their customers. Economically, it has been harsh the past couple of years with the threat of terrorism and whatnot. Yet, economist expect a pickup in the first half of 2004 since tax refunds and cuts in capital gains as well as dividend taxes is putting more money into the hands of consumers. Legally, this industry must keep in mind different government regulations as companies start to go global. Fair wages and factories is also a large concern. With the improvement of technology, people are able to order their products off the Internet at any location and time. This is one of the ways companies are adapting to the lives of their occupied customers.In the industry, the retail industry can be split up into for sections: Distributors, Internet and Catalogue Retail, Multiline Retail and Specialty Retailers. Competitors shift as the actual product line of a company is viewed. This industry is in the mature stage of the industry lifecycle and is very saturated. With industry trends of value driven consumers, competition is high for this industry.As Porter's Five Forces are brought into the industry, this is another way to analyze the attractiveness of the industry. As companies grow and become bigger, the barriers of entry do as well. With mergers and acquisitions, economies of scale are raising and more efficient ways of doing business are being discovered. Also, with the larger corporations, the bargaining of power of the suppliers is low because the more a company purchases from a supplier, the more power the company has. With better-known brand names associated with higher end products, the bargaining power of the customer lowers. The more specialized a company is, the higher the threat of substitute products. As products are closer in likeness, the rivalry among competitors rises.Looking at the future of the industry, the first half of 2004 is seeing improvement from past performance. People have a bit of extra money in their pockets and that encourages spending. Also, after the holidays, gift cards became more popular and the spending of that money will...

Find Another Essay On Gap Inc.: Analysis of the Retail/Specialty Retail Industry

The Influence of Sam Walton on the Retail Industry

1217 words - 5 pages Sam Walton was a genius mogul and was the founder of Wal-Mart. His retail visionary skills took a small-town variety store in Alabama, and transformed it into the largest retail company in the world. Even after his death, 20 years ago, he influence is still witness today in the retail industry. Be an Innovator Sam Walton’s main philosophy was to keep cost low, which kept prices low. It is a simple premise but is very problematical in

Importance of Quality Customer Service in the Philippine Retail Industry

932 words - 4 pages The Philippine population has reached 76.5 million as of May 2000 with an average annual growth of 2.36% according to the National Statistics Office (NSO). The biggest expenditure of an average Filipino family is on food and beverage. Thus, food retail outlets still form the bulk of retail outlets in the country. Although retailing may sound a lucrative business nowadays, entrepreneurs have to regularly reinvent and introduce new concepts to

Retail Industry Overview Paper

1337 words - 5 pages Brief History and Industry OverviewThe Sears and Roebuck store is one of the first well renowned retail stores to ever open up. The store started off as a mail order business that sold things such as clothing, shoes and household items in their very own catalog. Their first retail store opened up in 1925 and branched from a clothing catalog with household items to a large retailer. Since then it has had success with the addition of automotive

Customer Service in the Retail Industry

2506 words - 10 pages so common. Further research could be conducted in order to strengthen this link that was noted from the survey responses.Data Analysis/ Results from Service ProvidersFifteen providers of customer service within the retail industry were asked how they provide or ensure excellent customer service, and the responses received were quite similar. These people feel that offering excellent customer service involves being friendly, polite, helping the

The purpose was to evaluate the sporting goods retail industry

5471 words - 22 pages /fitness equipment, athletic uniforms, athletic apparel for men, women and children, specialty sports footwear and other sporting goods, equipment and accessories. These products are sold at sport stores and superstores. The key characteristic of the sporting good industry at the retail level is selling products generally without transformation. According to the NAICS overview of the industry, the retailing process is the final step in the

Plan and Management of Mark and Spencer in View of Retail Industry in the 21st Century

3414 words - 14 pages 1.0 Introduction and Background 1.1 Overview of Online Retail Industry in the 21st Century The wake of the internet has revolutionized the retail industry a great deal in the 21st Century. The selling of retail products has moved from retail shopping experience to home-delivery services. The internet has therefore shifted the shoppers experience to a whole new level of home purchase by the click of a button. This online retail concept has its

Turn Over Rate For The Texas Retail Industry

1056 words - 4 pages Describe HypothesisThe Texas economy relies on the retail industry is a vibrant part of the Texas economy. The Texas retail turnover rate has also affected the economy through seasonal employment. The turnover rate is important as companies spend a tremendous amount of money training new employees. The mean turnover rate for the Texas retail industry is 13%. The null hypothesis is the turnover rate for the Texas retail industry is 13%. The

The operation of David Jones Ltd utilizing Michael E. Porter's Theories and focusing on the retail industry

2115 words - 8 pages Table Of ContentsTable of Contents iExecutive Summary iiIntroduction iiiDiscussion(Porter's Theories) ivDiscussion cont`d vDiscussion cont`d (Value Chain) viDiscussion cont`d viiRecommendations viiiReference List ixExecutive SummaryThis analysis of David Jones Ltd being presented via Porter's theories show the companies strategic position in the retail industry is really strong and visible to the customers and consumers. Aiming to present the

COMPARISON OF TWO MAIN LEADERS IN RETAIL INDUSTRY OF UK :TESCO AND SAINSBURY'S BRAND IMAGE

1282 words - 5 pages PAGE PAGE 6 COMPARISON OF TWO MAIN LEADERS IN RETAIL INDUSTRY OF UK :TESCO AND SAINSBURY"SBRAND IMAGEBrand image of Sainsbury's is very much still as a posh shop. Meaning it's relatively expensive and is dedicated to high society people. Whereas Tesco is far more dearer brand among consumers of all classes for the reasons of its own like better deals, cheaper rates, and satisfactory services.HOW KEY-CUSTOMER SEGMENTS ARE TARGETED ?Both Tesco

A Study of Culture in Retail Industry: Core Values and Concepts

5068 words - 20 pages diverse retail organizations.Organizations are mini - societies that have their own distinctive patterns of cultures subcultures. The analysis of this factor has relevance due to the fact that the internal environment of the organization, or the organizational culture, has an impact, in turn on the the organization is perceived on the outside. The retail industry is no exception. The core values prevelant in each of the organizations will influence

A Study of Culture in Retail Industry: Core Values and Concepts

5068 words - 20 pages diverse retail organizations.Organizations are mini - societies that have their own distinctive patterns of cultures subcultures. The analysis of this factor has relevance due to the fact that the internal environment of the organization, or the organizational culture, has an impact, in turn on the the organization is perceived on the outside. The retail industry is no exception. The core values prevelant in each of the organizations will influence

Similar Essays

A Strategic Analysis Of Walgreens And The Retail Drugstore Industry

10191 words - 41 pages Introduction Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its

Growth Of The Apparel Retail Industry

1123 words - 5 pages 1.9 Key players: The apparel retail industry is now experiencing a huge development and making a remarkable contribution to GDP, it needs a better and exclusive regulatory framework to sustain the impressive overall growth of the industry. Competition in the retail apparel sector is getting stiffer in the nation as many big market players both national and international are testing and applying different retail plans in the market .Entry by new

Industry Anlysis Of Retail Grocery Industry

1339 words - 5 pages Industry Analysis      In order to analyze an industry, it is important to determine where it is in the industry lifecycle. During the 1970’s and 1980’s the retail grocery industry was expanding at a phenomenal rate. Throughout this boom period, the number of large grocery stores was rising and forcing the existing” Mom and Pop” grocery stores out of the industry.      In the early 1990’s, the

The Importance Of The Retail Industry To The World Economy

866 words - 3 pages from the supplier in large quantities to provide to consumers and make a profit. This could include anything from consumer product and delivery of products to consumers. PESTLE analysis Political The change in politics and policy sometimes affects domestic and international firms. However, the retail industry has benefited from the free trade agreement between the United States and Asia. This has given the U.S. market the opportunity to