Benefits And Challenges Of Department Stores

Benefits And Challenges Of Department Stores Department stores represent a large retail organization which offers to consumers a large choice of goods and services. Consumers have the opportunity to compare price, quality, and service at different stores at the same time and in a limited place. So the company can profit from individual benefits other sectors. The strategy of F4U is not only to sell quality goods at a reasonable price , but also to offer a unique service .Its prices are neither as cheap as the lower end department store, nor as expensive as the high-end store. F4U will try to bring the immediate attention of consumer through visual effects like layout, displays and colored posters and will place itself directly in front of the shoppers. The company wants, thereby, to entice different target groups and gain those other brands according to the motto† good quality, fashion style, best price†. In addition F4U intend to retain its consumer through a bonus program and to collect their personal data to bui ld an aggregate profile of individual consumers to target them with special offers and appropriate advertisements. Benefits and challenges of Department stores: Department stores offer to the customer the direct experience to touch and feel the product and judge its quality as well as the possibility of living the purchase as experience (Steinmann 2011:27) .The customer can try the clothes and take them immediately. Whereby the number of returns can be decreased. The face-to-face contact is crucial for many consumers especially for old people or people who dislike shopping online. Another advantage is the longer opening hours compared to specialty retail stores especially on Friday and Saturday. Department stores have also many disadvantages such as the existing of a concrete and inflexible location. Consequently, the location is a crucial factor for the shopping place. In this context, many consumers opine that, the fixed opening hours and parking fees are unfavorable. In addition, the time exposure, due to the travelling time, could be also a problem for some consumers (Heinemann 2008:19) Furthermore, department stores emerge several costs for the company such as lease costs and staff costs. Catalog selling Catalog selling as a channel for F4U Catalog selling is one of the most popular strategies used in Fashion game. The approach involves the creation of a printed catalog with a listing of products for sale. Every product is explicitly described and clearly illustrated with a picture to make the shopping experience as real as possible for the consumer. The catalog contains also a size chart to help consumer choosing the appropriate size. F4U tries, across catalog selling, to expand its clientele and above all to attain consumers, who are not familiar with using the internet or who dislike to walk around the stores for buying clothes. The catalog will comprise different ordering informations. The consumer can choose between ordering by telephone and entering the order at the online site.F4u will also offer its consumers various delivery options .They range from shipment directly to the consumer’s address, to delivering the goods to a F4u retail store or simply to a Packstation.

Writing assignment Example | Topics and Well Written Essays - 750 words - 3

Writing - Assignment Example ehaviour of the customers increased that proved extremely effective for the operating industries such as agriculture, consumer products, mining, automobiles, luxury goods, telecommunications etc. Thus, from the above figure, it might clearly depicted that the growth of GP per capita proved extremely effective for the country of China that amplified its brand image and reputation in the globe among other developing countries (Trading Economics, 2014). In terms of education, the gross enrolment ratio (GER) for China is quite high, whereas the rate of unemployment is quite low as compared to other developing and developed countries, both are presented below: The rate of inequality reduced significantly within the economy of China due to improvement in the gross domestic products and gross per capita income of the citizens. However, due to certain factors such as urban-biased polices, inland-coastal inequality, education and demographic changes, the rate of inequality enhanced significantly. In the economy of China, the rate of developed in urban areas is extremely high as compared to rural areas. As a result, the income distribution of the citizens in urban areas is also extremely high that resulted in inequality (Trading Economics, 2014). Similarly, scope of education is extremely low for the aging population that is also responsible for increasing the rate of inequality in China. The country of China is a socialist economy but not authoritarian in nature. The party that rules China in recent times is named as ‘The Peoples Republic of China’ that enhanced the economic prosperity of the nation (Britannica, 2014). Not only this, the People’s Republic of China improved the development of the nation by amplifying the per capita income of the citizens that amplified their living standard and life style (Indexmundi, 2014). China is recognised as one of the popular developing countries in the world. This is mainly due to its rapidly expanding GDP rate and GDP per

Management of Human Resources Class Discussion wk2 Assignment

Management of Human Resources Class Discussion wk2 - Assignment Example The engaging of the Human Resource to the external environment is more challenging as they have to cover more area than the usual internal environment capacity that they are familiar with. Meeting external responsibilities means more time, more resources, and more responsibilities as it is an expansive area that requires more attention to be able to handle the environment more efficiently. These will ensure a smooth transition and cooperation in making the relevant adjustment to the organizational structure response to external issues (Mabey, 2012).Taking the first step to deal with the issues is better than waiting the problem to catch up with the organization. Engaging in the external issues gives an insight and understanding of the environment the organization is existing in and how to prepare for the impacts that will cause either positive or negative. The economic globalization and political landscape has completely transformed the shape of the current Human Resource management. The competition is high, and one wrong move can destroy the whole organization (Noe, 2006). The Human Resource has to be keen on political matters because they are very sensitive and might affect the entire organization either negatively or positively The Human Resource has to engage a Rights Dispute for employees who are hired in unfair labor conditions.The Human Resource has to file a complaint with the relevant authority that will protect him from whistleblowers.The Human Resource has to exercise their legal rights as an employee by contacting OSHA immediately because the complaint must be filed within the legal time limits.These are to ensure that the company follows the stipulated laws that are laid down for favorable conditions of the workers (Gilbert,