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Bed bath and beyond is a power retailer of domestic and home furnishing. Having annual sales of $6 billion and a net income of $6 hundred million. The case mainly highlights the profitability of the company whose annual sales was up by 28% and net income by 33%. Key issue the recently purchase of christmas tree shops, a chain of 30 stores specializing in giftware and households items.
Bed bath and beyond is a power retailer of domestic and home furnishing. Having annual sales of $6 billion and a net income of $6 hundred million. The case mainly highlights the profitability of the company whose annual sales was up by 28% and net income by 33%. Key issue the recently purchase of christmas tree shops, a chain of 30 stores specializing in giftware and households items.
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Bed bath and beyond is a power retailer of domestic and home furnishing. Having annual sales of $6 billion and a net income of $6 hundred million. The case mainly highlights the profitability of the company whose annual sales was up by 28% and net income by 33%. Key issue the recently purchase of christmas tree shops, a chain of 30 stores specializing in giftware and households items.
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PPT, PDF, TXT o leggi online su Scribd
Introduction Founded = 1971 Industry = retail Bed bath & beyond is a power retailer of domestic and home furnishing.
Having annual sales of $6 billion and a net
income of $6 hundred million.
The most powerful specialty home-décor
merchant in the country. Objective The main objective of the case was the company’s plan for growth in future.
The case mainly highlights the profitability of the
company whose annual sales was up by 28% and net income by 33%.
The reason behind making good profit was its
excellent atmosphere, wide assortment and deep variety within most merchandise lines. key issue
Value for customer.
Researching on customer trend.
Key problem The recently purchase of christmas tree shops, a chain of 30 stores specializing in giftware and households items, which increase the no. of competitor (pier 1). Segmentation
Bed bath and beyond mainly positioned
those people who are very much particular about decoration and proper furnishing of their house. Target audience Middle class and, upper middle class Competitive advantage Bed bath and beyond has the different variety and various range of merchandise product for a huge mass of people. Core competency Store level and regional manager spend there lot of time on the sales floor to determine customer trend and help them.
Giving value to the quality of the
product . Differentiation Customers satisfying goods and services.
As they provide discounts from
time to time. QUESTION & ANSWERS Q. Explain how bed bath & beyond practices the retailing concept? Ans:- Managers spend a lot of time on the sales floor to determine customer trends, as well as to help customer.
Bed bath & beyond is obsessive about its
consumers receiving a consistently high level of customer services.
Sales clerk are highly attentive.
Q & A (CONTD..)
Q. Evaluate bed bath & beyond’s growth plans?
Ans:- It is consistently able to secure greater sales on a year- to-year basis from comparable stores sales.
Bed bath & beyond has opened hundereds of stores
over the last few years. It uses a flexible real estate strategy.
Bed bath & beyond recently purchased the christmas
tree shops, a chain of nearly 30 stores specializing in house hold items. Q & A (CONTD…)
Q. How can bed bath & beyond increase the overall
quality of it’s customers service? Ans:- It opened hundereds of stores in different location.
Store level & regional managers spend a lot of time on
the sales floor to determine customer trend & also help the customer also.
Sales clerk should be highly attentive.
Give a good delivery to the customers.
Q & A (CONTD..)
Q. Explain the concept of value from the
perspective of a bed bath & beyond customer? Ans:- Sales clerk should be highly attentive.
He should know the arrangement of shop, so they
can help customer to find out the thing which the customer need.