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

3006 Words7 Pages
bulb-icon

Recommended: The Importance of Supply Chain Management is very important and effective to all companies

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 pros and cons as well. The ultimate advantage is that the retail stores are receiving a global presence thus cutting off the national or international boundaries thus having a global print at the click of a button (Krafft & Mantrala, 2006). On the other hand the most compelling limitation is in the logistics of products delivery. This means that though the retail stores may have a global outreach the delivery of single unit products may be a challenge due to the shipment costs as well as country-specific bound shipment regulations and policies. According to (Thompson, 2013), the United Kingdom retail stores on Ecommerce were projected to pass the 1 Million Euros Mark, meaning that the internet users have increased up to 3.5 billion from just 2.2 billion, thus representing a 20% overall growth. This exponential growth is expected to increase over the next three years. According to Boston Consulting Group (BCG) due to the paradigm shifts in the retail industry to the internet, provides for a £2.7 Trillion opportunity, as they suggested that the internet users will increase by 3 billion by the year 2016, and already the UK is seen as a global frontier for its total Gross Domestic Product (GDP) has its 8.3% stake from online trading. 1.2 Background of Mark and Spencer The company started in t... ... middle of paper ... .../article/newSTR_66.htm) Pratley, N. (2013). Marks & Spencer's deadline to find wow factor looms. The Guardian. (http://www.theguardian.com/business/2013/may/14/marks-and-spencer-spring-collections) Recklies, D. (2001). The Value Chain. Food and Agricultural Organization of the United Nations (FAO). (http://www.fao.org/fileadmin/user_upload/fisheries/docs/ValueChain.pdf) Richards, L. (2012). How to Apply the Five Force Model in the Retail Business. Demand Media. (http://smallbusiness.chron.com/apply-five-force-model-retail-business-3297.html) Suttle, R. (2012). SWOT Analysis for Retail. Demand Media. (http://smallbusiness.chron.com/swot-analysis-retail-3344.html) Thompson, J. (2013). Marks and Spencer: Under pressure to deliver. Independent UK. (http://www.independent.co.uk/news/business/analysis-and-features/marks-and-spencer-under-pressure-to-deliver-8611987.html)

Show More
Related

  • Specialty Retail Industry

    1805 Words  | 4 Pages

    Key Issues The growing popularity of online retailing is attracting competition from traditional and online multi-retailers such as Wal-Mart and Amazon, which are gaining considerable market shares in many of the product segments included in the specialty retail sector. Currently, the majority of revenue is generated by store sales, but online sales from the stores’ websites are increasing. With the US dollar getting weaker, international sales from these US based websites are increasing too. This creates a significant positive outlook for the large incumbent players but also acts as a significant barrier of entry for new players.

    Read More

  • Business Case Study: Macy's Business

    734 Words  | 2 Pages

    Macy’s believes that going into this business will strengthen their associates’ selling skills, recruiting new talents, increased direct supervision, and offering higher quality products. It was such a success that Macy’s rolled out this concept to 300 other locations in fall of 2016, and planned on incorporating it to the rest of their stores by the end of 2017. In an attempt to reach out to new markets, Macy’s entered in a joint venture with a Hong Kong retailing company. Macy’s own 65%, while Fung Retailing Limited will own 35% in this online venture in China. This purpose of this venture is for Macy’s to penetrate a foreign market with the help of a host’s country company to avoid running into any problems while conducting business. It

    Read More

  • Analysis of Amazon.com

    2511 Words  | 6 Pages

    Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...

    Read More

  • Fedex Macroenvironment Study

    1556 Words  | 4 Pages

    In addition to the change in behavior of consumer, many companies or retailers change the sales channel combinations. The greatest impact of the Web-bases electronic revolution has occurred in companies adopting the click-and-mortar approach. Click- and-mortar is one the strategy used by the companies or retailers that they continue to conduct their business in the physical locations and have added the electronic commerce component to their business activities. According to one study, 37% of United States retailers are selling through a combination of the internet, in stores and catalogs. This represents a growing demand for the business-to-customer package delivery service.

    Read More

  • Pumpkin Patch Swot Analysis

    1817 Words  | 4 Pages

    2: Online growth as the online society is increasing day by day by doing online shopping.

    Read More

  • Industry Analysis And Competitive Strategy of Li & Fung

    1904 Words  | 4 Pages

    Li & Fung is a global trading group sourcing and managing the supply chain for high volume, time sensitive consumer goods. The group is associated with strong brands such as The Limited, Gymboree, American Eagle, Warner Brothers, Bed, Bath & Beyond, Levi-Strauss. With the rise of the internet, and the thrive of the B2B intermediaries, this memo will discuss the Li & Fung's E-Commerce strategy and how to use internet to facilitate supply chain management.

    Read More

  • An Analysis of China'a E-Commerce Industry

    1472 Words  | 3 Pages

    Fast forward to the end of 2013: with Chinese internet users quickly approaching 600 million, China is on pace to pass the US and become the largest e-commerce market in the world.

    Read More

  • The Retail Industry: The Five Stages Of The Retail Industry

    1892 Words  | 4 Pages

    The Retail industry includes establishments selling merchandise and offering services related to the sale of goods. Retailers sell goods to the end consumer. The retail sector consists of two main types: store and nonstore retailer.

    Read More

  • Dell's E-Commerce Model

    1326 Words  | 3 Pages

    Since its launch in the mid '90s, Dell's e-commerce business has been a poster child for the benefits of online sales, says Aberdeen Group analyst Kent Allen. The company's strategy of selling over the Internet -- with no retail outlets and no middleman -- has been as discussed, admired and imitated as any e-commerce model. Dell's online sales channel has proven so successful, says Allen that the computer industry must ask: "Does the consumer need to go to the store to buy a PC anymore?"

    Read More

  • Fingerhut Essay

    504 Words  | 2 Pages

    With the onset of technology, online stores or merchants have been a byword of those people who wants to shop comfortably even at the comfort of their own homes. Online shopping is now “in” and is really a booming industry. Because of these, different online stores have invaded the net.

    Read More

  • The Internet and International Business

    1515 Words  | 4 Pages

    Based on these concerns, retailers in the international marketplace have their work cut out for them. But through proper education of consumers, and the ever-expanding growth of the infrastructure in many countries, the future seems to be leaning heavily towards using the Internet for many needs.

    Read More

  • Situation Analysis for Marks and Spencer in Holland

    2030 Words  | 5 Pages

    Porter, M.E. ,2008. The Five Competitive Forces That Shape Strategy, Harvard business Review, January 2008.

    Read More

  • How the Internet Has Changed our Shopping Habits

    3113 Words  | 7 Pages

    The Internet is rapidly becoming widespread and widely used as a tool for globalization across the world. As the Internet became more easily accessible by most people in the world, the web is bringing significant implications and changes to the way we live, including the way we shop. There is a rapid growth with e-commerce and moving businesses onto the web and retail success is no longer about stores and shopping centers. In developed countries, about two thirds of the population have access to the Internet making the option of online shopping is easily accessible to most people (Valerio). With the ease of shopping in your own home there are many benefits of doing your shopping online. Consumers can easily compare prices online, there is a larger range of products on the web, you can save time by having your shopping delivered right to your doorstep and it also overcomes physical barriers. Over the last decade online shopping has challenged and replaced the traditional means of physically going into shops as the digital world has provided customers with further convenience, flexibility and comfort from shopping from your own home.

    Read More

  • Recommendation for Walmart, Inc and its Online Presence

    638 Words  | 2 Pages

    Online retail and shopping sales has been growing consistently every year, not just in the US but worldwide. Not only does online shopping give customers more convenience, more variety, and more discreetness but it also gives customers better prices. While it is quite true that Wal-Mart has product variety and cheap prices – things customers want – the physical stores do not really give the convenience and discreteness that online retail and shopping does.

    Read More

  • Online Shopping Essay

    1612 Words  | 4 Pages

    In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and

    Read More

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

Open Document