The Selfridges And SKP Beijing
Introduction
This essay is compare with two shopping center ‘Selfridges’ and ‘SKP Beijing’. Selfridges will be analysed thought by my own observation and experience and compered with SKP Beijing shopping center. Selfridges and SKP Beijing have a lot of differences, such as company models and company philosophies. However, Selfridges and SKP Beijing also have some commons in the company type and good service. This essay will begin with describing some company detail of Selfridges and SKP Beijing and then it will be compare the differences of both two shopping center. Finally, I will have conclusion this essay.
The detail of Selfridges
Selfridges is one of the world 's finest department stores and dominates the west end of Oxford Street. The shop has six floors offering 10 acres of shopping space, 11 places to eat, two exhibition halls and countless services. From high fashion to hi-fi, wardrobe co-ordination to wedding lists, it 's every shop you 'll ever need. There are more than 300 boutiques, as well as many of the world 's top brand-name stores, such as Louis Vuitton, Chanel, Gucci, Dior, Miu Miu and Balenciaga, whether it is sought after by international brands Prada, Dolce & Gabbana and MaxMara, or British brand Burberry and Alexander McQueen.
I visited the Selfridges in London
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And there are many proficient of other foreign languages’ salesclerk to provide specialized services for foreign customers, for instance France, Germany, China and other countries. Not only that, Selfridges also invited many artists designed some beautiful showcases to attract more customers. This shopping malls with good service for customers, in order to they can stay as much time in the shopping mall. And let them buy their favorite merchandise with a pleasant mood, this is the business management of
During the period of 1919 and 1924, the company started its first expansion in Oxford Street and was selling everything from make-up to toys. So far, over 15 million had shopped in the store. Selfridges & Co. had one of its most important moments on the celebration of its 16th birthday, when a television set was presented for the first time. In addition, the company ended up later leading the way of selling it. In 1929, Selfridges was the largest retail group in Europe, being considered the most imperial building in London.
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
IKEA is one of the huge successful retailers in the world whereby has 280 stores in 26 countries by the year 2010 and had been visited by 580 million shoppers. IKEA has elegant designed products with low priced. IKEA’s sale has increased from 4.4 billion in 1994 to 23.5 billion in 2010. The author has attached the sales report in appendix 1 and 2. The founder was Ingvar Kamprad whereby he is still a dynamic advice-giver of IKEA despite his age reached 80. IKEA had influence worldwide market widely with a good strategic marketing tool. IKEA products are cheaper 30%-40% compare to other retailers. Besides that, Asian market convinced with their economical western product that has complete household products. In this chapter, the author had explained on the overall IKEA’s history. In the next chapter, had explained on four important macro elements followed by the macro elements effect towards the organization, and also given suggestions to manage the organization according to the macro elements.
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
In present day, the fast increasingly science is already achieved most material demands of people living in this world. The demand of spirit is becoming more and more necessary. One of the most efficient method to build mental civilization is reading books. The demand of books pushes the increasingly number of writers. It is more and more important for writers to own a master skill which help them to attract readers. As everybody knows that people, especially who are living in cities, are relying on the chain stores in their daily lives. Yet people also begin to discuss whether chain store is beneficial or harmful. This article, “In Praise of Chain Stores,” wrote by Critic Virginia Postrel, is an essay about this discussion. The writer illustrates the bad influences of the chain stores in the first paragraphs that the appearance of them decreases local flavors of American cities. Every place looks the same due to chain stores and it might decrease the number of tourists. However, she refutes this idea in the next paragraphs: chain stores could offer many kinds of goods which could not be supplied
Nordstrom retail stores have large hallways, and everything is presented in a very classy manner. The color scheme includes pale yellows, whites, and gold, to provide a more elegant appearance in the store in order to make the shopped feel special. The design is also seen through product organization. Compared to stores like Macy’s, which organize their products based on brand, Nordstrom organizes their products based on lifestyle. Because of this, it is easier for shoppers to find clothes similar to their style as opposed to by brand. In effect, shoppers will purchase more products. This also is a type of experiential retailing, where Nordstrom customers are able to experience the elements of their lifestyle within one section. More so, the product presentation will draw people’s eyes to products, even if they are not looking for it. This gives Nordstrom a competitive advantage in relation to other similar retail stores because it makes their store look more glamorous and high-end. While other stores may focus on value, Nordstrom utilizes the retail positioning strategy to make a customer feel more high-end and
Case Study: Victoria's Secret OVERVIEW Victoria's Secret, one of the world's most recognizable fashion brands, established itself in the Bay Area in the early 1970s. Originally owned by an ambitious Stanford graduate looking for a comfortable and high-end retailer to buy his wife lingerie, Roy Raymond opened the first store at Stanford Shopping Center. Styled after a Victorian boudoir, Raymond's success prompted him to open three other locations, a catalog business, and a corporate headquarters within a few years. His inability to balance finances with his creative vision, Roy Raymond fell into trouble and was forced to sell his company for the small sum of $1 million dollars to The Limited, an Ohio-based conglomerate owned by Les Wexner.
Whenever we go out shopping or relaxing at malls, we actually don’t see or recognize any effects of malls as we mostly go there for these two reasons. Malls are an integral part in the lives of America. They are shopping centers that have created a lot of buzz in many writers. This is because we have more malls in America than high schools. Malls have received praises from people like James J. Farrell, Jon Pahl and George Lewis who view malls as not only shopping centers but also as places that provide a reflection of the American culture and serve as centers of pleasure and entertainment. In contrast, William Kowinski and David Gutterson criticize malls for just being an artificial environment that creates disorientation among American shoppers. In my opinion, malls are just magnificent commercial buildings that create a sense of false dreams and imagination.
The company's clothing division has a comprehensive range of clothing for ladies, men and children. The homewares department has a full range of items for every room in the home, while the food department sells a full range of branded and own-brand products. The St Bernard brand the own brand label was founded in 1956. The combination of food, textiles and homewares all under one roof makes Dunnes Stores unique amongst Irish companies.
...act, Langham Place is not alone. There are more and more shopping mall operates their business in the same manner as Langham Place. Though these shopping centres tried to make breakthrough using different methods, it seems that impressions of these shopping malls are blurred in eyes of public. Since these shopping malls are usually invested by large-scaled enterprises with great powers, merchants without resources to apply different tactics like these large-scaled shopping mall, will one day be eliminated. Those survivors will become copies of one another. As Shoppers' Paradise famous for selling products with different characteristics, if similar shopping malls are seen everywhere and merchants with distinguishing feature disappears, Hong Kong will soon lose its competitiveness among tourists. Resent among society may also arise and raise different social problems.
In advertising its products, the IKEA catalogs played a primary role as they were attractive and easy to use. The efficiency of IKEA products and quality of design were emphasized in the catalogs. Every household in the area surrounding a new store received a copy of the catalog during the busy years of expansion. Although direct mail-order sales usually represented a very small portion of the total sales. The whole IKEA range was not offered by the catalogs. To attract new customers to the stores, they were always a key factor. Throughout the world, IKEA continued to open stores in different locations and attracted various customers. It was interesting to look at a company offering the same basic products at all stores and do well in many different cultures with different tastes. Lastly, the IKEA’s current number of employees in retail and expansion functions is 116,500 as of 2015. Thus, the total sum of employee worldwide in 2015 was 155, 000. Literally, the rate of employee would be increased in terms of business development in the future. (Brammer, Jackson, and Matten,
A good location can have a significant impact in attracting potential customers, thus improving sales. Especially in the case of a supermarket, location is more important than other business sector. Customers never drive long distances to only buy daily necessities. Moreover, favorable location gives efficiency to company’s logistics because unnecessary moving cost can be cut down. So, we can say that it is important factor for the successful operation of the supermarket.
The concept of grocery stores and supermarkets industry is an idea that has been created in order to make easier human`s life. According to the study “The Evolution of the Supermarket Industry From A&P to Wal-Mart” by Ellickson, who explains that a century ago people had to jump from one store to another store in order to get different products such as milk, meat, bread and other products. In addition, in the article “Understanding Groceries Industry” by The Reinvestment Fund, they state that back in a day the concept of grocery stores was created based on the owner`s store needs. Later on, as the development of the society and the standards of customer needs increased, the owners of the grocery stores started to be more focused on their customer needs. Also, the study of “Understanding Groceries Industry” shows that the supermarket and grocery stores industry is in their mature stage as they have developed an extensive and solid customer service.
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)
Places such as coffee shops and lounges have been included in the structures of these malls to give consumers a more comfortable feeling of relaxation. Instead of shopping and leaving people are more enticed to sit back and relax. Enjoying a meal and a cup of coffee while shopping has become a time consuming yet enjoyable process for most shoppers. It's suggested that the longer a person stays the more money they are bound to spend. Mall managers and scientist are not attempting to manipulate the consumer but more so enhance their shopping experience. There's also a sense of creativity and connectivity found in calming environments such as coffee shops that establishments like shopping malls are trying to bring to the shopping