The Gymboree Corporation
The Gymboree Corporation has been around since 1976. They have expanded into different market’s and keep their business new and fresh. They have a strong mission and vision statement and encourage their employees to live the companies values. The company has different business strategies that all work together. Their financial data is reported in quarters and keeps the company up to date on how they are doing this year compared to last year. I have included some courses of actions to help the corporation expand into the global communities.
The Gymboree Corporation The Gymboree Corporation was started by Joan Barnes in 1976. She noticed a shortage of children’s
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Whether it be in one of their customers, or one of their employees, they want to help someone realize something that maybe they did not see before. The company wants to inspire their employees to be able to express themselves. The corporation is passionate about everything that they do, and they want their employees to be passionate and they want their customers to feel the passion that they put into everything. The Gymboree Corporation is also authentic. What you see is what you get, friendly employees, great service, and long-lasting products. The employees at Gymboree are like a big family. They share their ups and their downs, just like your family at home. Lastly The Gymboree Corporation is fun. They put fun into everything that they do, between their fun clothing to their Play and Music classes, to their employees, everything that Gymboree does has an element of fun incorporated into it. The Gymboree Corporation has six components of their business strategy. Their business strategy consists of “high quality apparel, brand name recognition, integrated operations: design, contract production, and retailing, exclusive distribution channel, merchandise focus, and responsive customer service” (“Gymboree corp-,”). Gymboree wants their clothing to be the crème de la crème of children’s apparel. The Gymboree Corporation wants all of their brands
Today, Bass Pro Shops is a multi-billion dollar enterprise that specializes in sporting and hunting equipment. The company's current position is a far cry from its modest beginnings in 1971 when the company's founder, Johnny Morris began selling fishing lures on just two shelves in his father's liquor store. With fifty-two retail outlets as well as a number of Outdoor World superstores in the United States and Canada, a user-friendly Web site and extensive mail catalog sales, Bass Pro Shops has become a leading sporting and hunting goods in North America today. To determine how the company achieved this impressive growth, this paper provides an analysis of Bass Pro Shop's corporate strategy using Ansoff's Growth Strategies and Porter's generic strategies for growth, the company's market segmentation and marketing mix. Finally, an assessment of appropriate Bass Pro Shop's marketing metrics is followed by a summary of the research and important findings in the conclusion.
The background of this paper we need to mention is that West Coast Fashions, Inc. (WCF), a large designer and marketer of branded apparel announced a strategic reorganization calling for a divestiture of certain assets, and one of the divisions it intended to shed was Mercury Athletic, its wholly owned footwear subsidiary. John Liedtke, the head of business development for Active Gear, Inc. (AGI), a privately held athletic and casual footwear company, contemplated an acquisition opportunity of Mercury that would significantly improve his business. So, he wanted to evaluate this opportunity.
Profitability. The company strategy is to target only 25-45 years for specialist sportswear products, but a lot of
This report has been created with the intent to analyze the athletic apparel industry with a specific focus on Lululemon Athletica, Inc., further refered to as Lululemon. In this report you will find that the strengths and weaknesses of Lululemon’s current strategies and future goals are analyzed and compared to that of its closest competitors. In conclusion to the analysis, recommendations have been made to potentially guide Lululemon Athletica, Inc. in a positive direction in regards to its future endeavors. The following
Kohl’s prior business plan had shifted from national brands to private labels. National brands have higher selling prices than Kohl’s private and exclusive labels.6 Kohl’s continues to change its business model to capture a larger slice of the retail market by expanding its offerings to reach new customer segments. The Greatness Agenda’s market development strategy also entails expanding Kohl’s beauty and fitness offerings.7 These new offerings build on Kohl’s core business and mission as a family oriented department store featuring quality, name brand merchandise at an excellent value to its customers.
Looking at the figures by sales revenue, we can see that the Corpus Christi Athletic Club is number one as it relates to annual revenues. Gold’s Gym is fourth among key competitors with annual revenues of $66,000. Although Gold’s Gym is last in this table, looking at the top U.S. Cities and Franchises in the Health Industry Market, they are ranked number two with average revenues of $96 million.
The Target Corporation, what used to be known as the Dayton Dry Goods Co., is an American retailing company that was founded in Minneapolis, Minnesota, in 1902. In 1962, the first Target store was opened in Roseville, Minnesota. It is the fifth largest retailer by sales revenue in the United States behind Wal-Mart, The Home Depot, Kroger and Costco. The company is ranked 33rd on the 2007 Fortune 500. Target operates its retailing business exclusively in the United States. It is a rival with Kmart and Wal-Mart. Target was listed in Internet Retailer's list of the top 500 retail web sites in 2007 also, this not only proves of brick and mortar sucsess but also online retail.
Blue Ridge’s competitive strategy appears to be cost leadership, focusing on a narrow product type and offering for sale only in the southeastern states. Blue Ridge’s limited offering of products, only a sports towel for limited use and distribution, give it an edge in determination as there are only so many materials, designs, and processes required for this one type of product. Though Blue Ridge does focus on just the sports towel, there are still some aspect of differentiation which causes the firm’s competitive strategy to also deviate a bit towards product differentiation. Blue Ridge offers variations of its sports towels aside from its three customary sizes (regular, hand, and midrange),
Lululemon is a large company, making clothing for athletic activities, not only are they in the women’s athletic range, but they have hit the men’s market and youth range as well. A SWOT analysis will be used to break down Lululemons strengths, weaknesses, opportunities, and threats to the business. Strengths which Lululemon have achieved include multi-faceted and community-based approach strategy, making customers feel part of a community through marketing strategies like there “ambassador program, social media, in-store community boards and grassroots initiatives” (Lululemon, 2016 Annual Report, 2016, p. 3). Touchpoints which have been a part of this multi-channel include Lululemons websites www.lululemon.co.nz and ivivva.com which is based around female youth active ware. With Lululemon having 12,500 full-time employees worldwide (Lululemon Athletica Inc. (LULU), 2017) with 406 stores (Lululemon, 2016), their large market capital of $8.33 billion (Lululemon Athletica Inc. (LULU), 2017), shows the total value of Lululemons shares of stock. Lululemon having $581.1 million in net revenue, this is an increase of 13% while their gross profit increased by 17% rising to $297.4 million. (Lululemon Athletica Inc. Announces Second Quarter Fiscal 2017 Results, 2017). This shows a steady increase in profit for Lululemon for 2017 which is a strength for them.
Business level strategies are plans that a firm forms to describe and project how it intends to build a sustainable competitive advantage, over its competitors in a discrete market (Furrer, 2010, p. 1). These strategies have changed the nature of competition in industries, and paved way for further developments in product quality and cost. Business level strategies employed by Nike work mainly in two forms, that is, competitive strategies and corporative strategies (Furner, 2010, p. 1). By looking at the different business level strategies Nike has employed, this essay will explain how it has had such a massive impact in the Sports and Apparel industry it now leads.
In its bankruptcy filings, Gymboree claimed that they had fallen victim to shifts in consumer behavior that have led to more online shopping and less traffic in shopping malls throughout the country. Gymboree will continue its business operations while shedding nearly 330 underperforming stores in order to convert some $900 million of debt into equity. The new president and CEO of Gymboree, Daniel Griesemer,
This paper commences by defining the problems that were faced by Lululemon Athletica Inc in 2013. After, the author explores the causes of the issues that the company was experiencing and the effects that they had on Lululemon Athletica Inc. The next step is to look at ways in which the issues could have been addressed both for the short-term and long-term. When all is said and done, the audience will fully appreciate why “Lululemon Athletica Inc should revert to its fundamentals – that is, to concentrate on the needs of the consumer”.
J.D.B.T.’s overall business strategy was competitive benchmarking on factors such as price, brands, and advertising. After noticing a decline in our profits and market demand, we added a competitive twist to our business strategy. We expanded our sales channels,
Over the past twenty-five years we have had to reinvent ourselves many times. The first surge was with the Waffle Trainer and the running craze. When that slowed, we thought we ran out of market. We had another surge with basketball behind Michael Jordan, and cross-training with Bo Jackson. Then again, we Thought our growth was dead. Another surge came in 1995, when Nike became fashionable and athletic urban wear became king. But,that too ended in early 2008, as did the health of the Asian economy. There we were, with an over-extended brand. Each time we reinvented our company. In 1995, when we reached $3 billion in sales, we said $5 billion was the absolute limit. Three years later we were closing in on $10 billion. Each time we did succeed it was due, in part, to
One such example of a gym is Lifetime Fitness in Collierville Tennessee. driving past it, one would hardly even guess it was a gym. Lifetime is a towering building with large glass windows framing nearly the entire exterior, almost resembling an office building the likes of which one would expect to see in a place like New York or Los Angeles. Stepping into the parking lot, signs of activity are already evident; children’s laughter, the splashing of water and the whistle of the lifeguard can be heard in the distance from the large outdoor pool that extends from the left side of the building.