In order to provide a higher quality of Campus life to Lingnan students, it is proposed to set up a consignment store on the campus. Consignment store was transformed from flea markets. In the store, there are only few shopkeepers. Many small size, transparent boxes were set inside the store for people to rent. Tenants could sell any type of products. Besides, it is a place for renters to display the artworks. The idea of consignment store was first appear and became popular in Japan. After that, the idea was developed in Taiwan, Macau and also Hong Kong around 2000. According to the fact, the first Hong Kong consignment store was established in Central. However, the store was unpopular among Hong Kong people owing to the fact that people …show more content…
For sellers, first and foremost, it could reduce the operating cost as the rental fee for one translucent box is much lower. The monthly rental fee is ranged from 200 to 500 Hong Kong dollars. Second, any types of products could be allowed to sell in the store. Different types of consumers would be attracted to shop. As a result, the targets of potential buyers could be enlarged by the diversification of products. Lastly, it could be more flexible for renters to sign the contract. It is allowed to quit the market freely when failed in the operation. It could lower the risk of operating own business. For customers, since the price of products are low and diversified products were provided in one shop, it could be more convenient for buyers to …show more content…
At the beginning, it could be easier for our committee members to recognize that the one who share or comment is Lingnan students. It is aimed that the problems or troublesome shared could be solved internally. It could make sure that students would not be attacked viciously from other people through Internet. Besides, sharing through the board rely less on electronic devices. It is undoubted that students depended too much on smartphone. It is not suggested that students stay in hostels and share something via the social networking platform without going
Introduction The retail industry has always been a very competitive environment when dealing with sales and maintaining up to date with the current trends. Ross Stores has become one of the most successful companies in the apparel business since established in 1982 by Stuart Moldaw. (Ross Stores, Inc. History, n.d.).
This case concerns Greene’s Jewelry Wholesale, LLC and former employee Jennifer Lawson. Greene’s sues Jennifer Lawson for breach of the confidentially agreement that was signed when first employed and Ms. Lawson counter-sues Greene’s for wrongful termination. Greene’s Jewelry Wholesale, LLC. is owned by Mary Jane and Allen Green, in Derry, New Hampshire. They own a warehouse and two storefronts originally starting back in the late 1950’s. Greene’s employs 502 individuals in a variety of departments which include sales and marketing, research and development, human resources, and manufacturing. The primary asset of Greene’s Jewelry is their secret patented process for creating a synthetic gold-colored material called “Ever-Gold,” which is used in
Most merchandise makes a long and interesting journey. The buyers develop and import merchandise from more than 50 countries. The shopping environment found in the stores is one that is distinctly Pier 1 and takes the customers on a path of discovery through one-of-a-kind products from around the world.
of product with the rest of the retailers may not be good idea. This kind of business most likely
“Macy’s operating margin in 3Q15 fell to 4.4% from 6.8% in 3Q14, mainly due to asset impairment charges of $111 million related to the plans to close 35 to 40 stores in early 2016 (Bailey).” This decline was a result from not only lower sales but the company’s investments in digital growth in its Bluemercury expansion, as well as cost of entry into the China market and additional investment in the Backstage stores (Bailey). These factors could have appeared more detrimental if it had not been for the lower marketing expenses, restructuring initiatives, and a reduction in bonus accrual that were intended to counteract weak sales performance (Bailey). Higher digital growth helped to offset the decrease in earnings ("Macy 's Earnings Fall for
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
My company of choice for this report is Macy 's. 'The Magic of Macy 's ', as the company advertises it, has inspired me to shop there, take advantage of their incomparable discounts and great online shopping experience. Macy 's, Inc. is one of the largest department store chains in the United States of America. Macy 's manages stores under the Macy 's and Bloomingdale 's brands. I enjoy shopping at both of the company 's store brands, Macy 's and Bloomingdales. Bloomingdales provides a more personalized experience
Each floor I stopped at had a variety of stores. From eery-looking stores selling Halloween and magic merchandise to a magazine shop selling vintage Playboys and Time magazines from the 40s, to a saloon that invited customers, every corner filled up with something worth staring at or dropping my jaw on. Tibetan artefacts, leather bags, indie artist studios, thrift shops, liquor stores, stationary, carpentry shops, jewellery stores, clothing like t-shirts, hats, ties, and belts, pet care, human care, hair styles, Seattle mementoes, and thousands of other little and large shops lit up as customers
The last dimension discussed is the environment. The scores for environment are quite close and even exceed that of other sustainable businesses. Jury (2015) indicated that Michaels Stores Inc. is an arts and crafts store, most of their products are made from paper and there might be other products that contain substances that will be harmful to the people if not properly disposed. Therefore there is a facility where products from paper and cardboard are disposed of properly. Also there is a company that comes in to take away harmful chemicals and dispose of them accordingly.
Even though people believe that local businesses are not as beneficial as a big box store, buying locally not only benefits the business but also the community, buying locally builds a strong community and the money you spend at a local business gets put back into the community. People should realize how much a local business affects the community and that they need the community members support to keep them in business so that they are able to contribute to the community and help it grow for many years to come, keeping the sense of community and seeing people interact and get to know their fellow neighbors is the biggest goal a local business owner wants to
Dunnes Stores is an indigenous, family owned Irish Company. The Company is a retailer in both the food and textile market who work around the principle of providing competitive prices, high quality products and a vast variety of choices. The company’s motto of “Better Value” looks to draw in all these principles together.
Panchakanya fashion and clothing store will be located at bouddha-04, Kathmandu, Nepal. Our business will start by renting two big rooms, (one show room and one store room).Three changing cabin will be made with fully furnished. This location is national and international tourist attracted area due to Gumba. Our store will be organized as sole proportship business of ownership in ganga’s name. Even though, Nepal is one of the small and poor countries, people over there are...
The advantages of using the social network make it an excellent learning tool through dialogues and collaborations. Class Materials and online cooperation among students foster the creation of a class-room-like learning environments which has many potential benefits that they can acquire. The communication and interaction in learning is reinforced by adding the social networking to the school community; therefore, it results in the overall enhancement of the learning environment.
...ount of untrustworthy and reliable sellers. EBay could counteract this problem by implementing a strategy where eBay would have the authority to terminate a user’s account if their rating in percentage dropped below 60%. This strategy may help the organisation to reduce the amount of unreliable seller resulting in a much more safer and reliable market platform where people would be able to purchase products at ease without any hassle.
In a simple way, the retailer needs to create a warm, friendly and an approachable retail space to attract consumers.The visual displays is an imperative element of branding of any store. If the stock is presentable, it is bound to appeal to the shoppers. If the shoppers appreciate the store layout and product, they are likely to spend more time in the store, and in return reward the store with sales. Along with the products for sales, the staff, the décor, the store interiors, the trial rooms arrangement, the lightings and music also form an inclusive elements boosting store sales. (fibre2fashion, 2008)