Choose a retailer, and describe how it has developed a competitive strategic advantage.
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Choose a retailer, and describe how it has developed a competitive strategic advantage.
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- In terms of strategic planning, why is it important for a retailer to be focused on the objective of increasing market share related to its direct competition?In a small group, present a plan for a new retail store. Who is the target market? Describe the merchandise, atmospherics, price points, services provided, location, and how you would promote your retail store. Describe how you will differentiate your store from competitors.Why retail strategy should have good Vendor Relations to build a sustainable competitive advantage?
- Identify a retailer that is currently struggling. Discuss why it is having difficulties and suggest ways to turn things around.List the services performed by wholesalers. For whom is each service performed?Why retail strategy should have unique merchandise to build a sustainable competitive advantage?
- Why retail strategy should conduct Customer Relationship Management Programs to build a sustainable competitive advantage?Why retail strategy should have efficient Distribution and Information Systems to build a sustainable competitive advantage?Diversification Strategies – Target Corporation Compare and contrast the different diversification strategies being used by Target Corporation and competitors within the discount variety retail industry Recommend a diversification strategy that best fits the discount variety retail industry