Professional Documents
Culture Documents
ASSIGNMENT ONE
REPORT ABOUT 5 COMPANIES/ MISSION, PRODUCT MIX, STRATEGIES
By: Haytham A. Saidum
Global 500 by Countries 2010
Region Companies
Europe 187
America 165
500
GENERAL MERCHANDISING INDUSTRY
1- WALMART 2- TARGET
3- MACY’S 4- JC PENNEY 5- NORDSTORM
Company Ranked
1 Wal-Mart Stores 1
2 Target 30
3 Sears Holdings 48
4 Macy's 103
5 J.C. Penney 133
6 Kohl's 135
7 Dollar General 195
8 Nordstrom 270
9 Family Dollar Stores 305
10 Dillard's 348
Product Mix:
Walmart offers many different products to suit every possible need of their customers. From automobile repair
services to groceries to a variety of products in between, it is a one-stop shopping excursion for most of their
customers. They also produce private label goods, such as Great Value, Sam's Choice, and Equate. They even have a
real estate division for commercial development.
They are known around the world as the company that helps customers save money so they can live better. they are
also well known for their unique corporate culture. Sam Walton built this business on values and morals. Those rules
and customs have helped them become one of the world’s most admired companies.
Some of the implemented rules:
• Open Door:
They believes open communication is critical to understanding and meeting our associates’ and our customers’ needs.
Associates can trust and rely on the open door.
Mission:
The mission is to make Target the preferred shopping destination for our guests by
delivering outstanding value, continuous innovation and an exceptional guest
experience by consistently fulfilling our Expect More. (Pay Less) brand promise.
They Say; To support our mission, we are guided by our commitments to great value, the
community, diversity and the environment.
Product Mix:
N/A
Strategies:
• Community Giving
Target is committed to making our communities better places to live. That's why we give 5% of our income to support
education, the arts, social services and volunteerism.
• Diversity
Diversity is a core value throughout every area of our company. It's integral to how we select our merchandise, design
our stores, build our team and welcome our guests.
• Focus on Design
- Store Experience: Every Target store is designed to meet the same goal: Make every Target shopping trip an easy,
enjoyable experience for every guest.
- Innovations: Design is about more than just good looks. It’s about creating solutions that surprise and delight our
guests.
MACY’S
Ranking no. 103 in Fortune 500 (USA)
Mission:
Our goal is to be a retailer with the ability to see opportunity on the horizon and have a
clear path for capitalizing on it. To do so, we are moving faster than ever before,
employing more technology and concentrating our resources on those elements most
important to our core customers.
Product Mix:
Department Store
• Developing:
• Online Businesses.
• Private Brands. (Alfani, American Rag, Charter Club, Hotel Collection, I.N.C and Style&co.....)
• Exclusive Merchandise Grows. (Tommy Hilfiger, Donald Trump and others.)
• Customer-Centric Approaches.
• Attracting and Developing talent. They have the most skilled people in every position throughout their
organization. (Recruiting the Best in Retailing, Learning and Development, Leadership Institute, STAR Academy)
Mission:
To be our customer's first choice for affordable fashion and quality as we enhance the
quality of her life by being Bigger, and Bolder."
Product Mix:
N/A
Strategies:
JC Penney is executing a strategic Long Range Plan that consists of four integrated
strategies aimed at building a deeper, more enduring relationship with our customers,
increasing the engagement and retention of our Associates, and delivering industry
leading financial performance to our shareholders.
Some Strategies:
Mission:
The company's mission has remained unchanged for more than 100 years since its
establishment by John W. Nordstrom in 1901: offer the customer the best possible
service, selection, quality and value.
Product Mix:
While they don't offer common, everyday needs like toiletries, groceries or cat
litter; they do offer more upscale products such as apparel and home décor.
Nordstrom, like Walmart, offer a private label but without the notable
discount.
Strategies: