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Competition in the retail industry
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Executive Summary A study was completed on Ingle Farm Shopping Centre analysing its location, role, other stores competition, strengths, advantages, weaknesses and disadvantages. Research has been obtained by conducting customer surveys, websites and text books. With this research I have been able to complete this report explaining different aspects of the centre. Location & Role Ingle Farm Shopping Centre is located at the base of the Adelaide foothills. It is 14km north east of the CBD, in a densely populated area. (Farm n.d.) (Figure 1) There are over 8,000 people living in Ingle Farm, of this 8,000 46.4% are married and 13.4% are not. Of employed living within Ingle Farm most are working between 39-40+ hours a week. (Figure …show more content…
There is a big Kmart which allows shoppers to get any needs due to Kmart stocking most needs and wants. There are also two Coles, that are located at opposite ends of the shopping mall. As well as these shops there is competition between multiple different stores. These stores include Vodafone and Telstra, Coles and Aldi, Price Attack and Priceline, Noni B and Suzanne Grae, Bank SA and Commonwealth Bank and Prouds and Zamels. (Directory 2016) Vodafone and Telstra are both retail phone stores. Both stores sell phones and phone accessorises. Both also allow for walk in service. Because of these factors Vodafone and Telstra do have some competition between each other. Although both stores are extremely similar they have been placed very close to each other, because of this this causes even more competition. (Figure 2) When wanting to eat at the centre you can either eat in the food court which is home to 10 or so independent food stores or you can choose to eat in the only sit-down café, which is Café Numero Uno. Café Numero Unois the only café found at Ingle Farm Shopping Centre. (FIGURE ONE) This gives the café major competition advantage. (Uno …show more content…
I believe this will bring in new people, and I believe that this can help the centre majorly. Having an update will attract more people due to generally being nosey and wanting to see the new update and new stores. How I know this will occur is that after ALDI was opened in front of The Reject Shop, where I’ve worked for 2 years, I noticed how busy ALDI gets during the day. On the opening day the centre was beyond busy, this was because something new had opened. With a new update I believe adding in a few new cafes/restaurants will boost popularity. If I were to add a business in with the new update I would chose a playground/play café. This would be a place for parents and friends to catch up with their children. While the parents talk, drink and eat the children would be able to play and have fun. I do believe this would be successful as its new and people would want to try it out. In conclusion Ingle Farm Shopping Centre needs some sort of update. Something to boost the number of costumers that come through daily. I believe one of the new business that can be added into the Centre during the update would be a play café, INGLE FARM SHOPPING CENTRE PLAY CAFÉ (Figure
Eddie Bauer Inc, offers many different products for both men and women who seek versatile, classically styled, high quality merchandise to meet their wardrobe and home décor needs. Eddie Bauer considers the location of its stores to be the most vital factor in achieving maximum sales. The company, however, must determine how it can best identify these locations in order to reach its target market. With recent demographic changes, it is essential that they gather information to answer some key questions in order to do so. (Aaker, Day, Kumar, & Leone, 2010)
As the largest city in the Southeast, Atlanta along with its vast history and historical museums, also offers the region’s largest selection of shopping opportunities. Among these shopping opportunities is the Simon Property Group. Simon Property Group is the US's number 1 shopping mall owner and one of the nation's largest publicly trade real estate companies (www.hoovers.com). It owns some of the area's better known malls, including Lenox Square, Phipps Plaza and The Mall of Georgia.
However, on the local level, specialty retailing is defined by independently owned, unique shops that express the personalities of their owners. These small retail outlets -- shoe stores, food stores or book stores -- have become the bedrock of downtown and urban redevelopment across the country.
The grocery has a very high level of sanitation. The prices of their products are cheaper compared to other groceries. This attracts many customers. These farm produce are located near the entrance so that customers can locate them easily. Meat and dairy products are located at the back of the stores. These items are needed mostly by many customers and that is the main reason they are strategically placed. Arrangement of aisles is well organized such that customers can walk comfortably. The arrangement of items can also make people to buy items they did not initially intent to buy. Arrangement of the products saves a lot of
Wal-Mart supercentre has different locations like that of Garden centre, Pet shop, Pharmacy, Optical centre and Photo processing lab etc.
They have set a specific goal of updating or completely remodeling 70% of their existing stores that are over 10 years old. They have completed these updates to some of their stores in the recent past and have realized immediate boosts to their performance.
With Telstra’s large market share, Telstra is constantly under competition from major companies such as Optus and Vodafone. Businesses aim to achieve a sustainable competitive advantage where in this case, Telstra would be trying to maintain their market share as well as increase their already large portion of the market.
Shopping is a function of location product assortment and store image (Bucklin, 1967) which explain quite well why do people shop where the shop. All of those theories seems to complement each other, adding some more complexity to this highly complex
Now these stores you won’t find at a mall and only downtown has them. I love exploring each and every one of the stores. On one store they may be selling colorful figurines and a collection of vivid detail blankets and the store next to it may be selling clothes or electronics from blenders to HD televisions. One of the many reasons I like to go into the stores is to glance at the way they’re decorated. It’s just amazing
Provides a place for families to congregate. The proposed design has a lower estimated construction cost than any other type of new shopping center construction. We will keep within the project budget.
The following report will analyse Vodafone and their current position in the international market. This report will cover the competitive strategy of Vodafone and their influence of products and services in relation to the demand of the market.
The main shopping malls of the neighborhoods include South point mall, DLF MEGA MALL, DLF CITY CENTER, GRAND MALL, MGF METROPOLITIAN.
Local business have been able to expand due to the massive amounts of tourists who come and sample local cuisine or check out local merchandise made by various natives
The food and staples retailing is an increasingly competitive industry. The market giants (competitors) are Coles (owned by Wesfarmers) which has 741 stores across Australia and plans to add 70 m...
Shopping is a language that's internationally recognised and loved no matter where you live - usually for fashion items but also homewares, antiques, food and plenty more! There are many cities that are celebrated for their fabulous shopping possibilities, so this is a (by no means exhaustive) shortlist of some of the best shopping destinations from different parts of the world: