Wool worths final report by Taleb.docx - Table of Contents 1 INTRODUCTION.2 1.1 History of the Retail industry.2 1.2 Present Condition of Retail

Wool worths final report by Taleb.docx - Table of Contents...

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Table of Contents 1. INTRODUCTION .......................................................................................... 2 1.1 History of the Retail industry: ................................................................... 2 1.2 Present Condition of Retail Industry: .......................................................... 2 1.3 Australian Retail Market: ............................................................................. 3 1.4 History of Woolworths: ....................................................................................... 4 1.5 Woolworths At A Glance: .................................................................................... 5 2. OBJECTIVES ................................................................................................ 6 2.1 External Environment Analysis: ................................................................... 6 2.1.1 The Macro Environment: ........................................................................... 6 2.1.2 Porter’s Five Forces Analysis: .................................................................... 8 2.1.3 Industry Structure: ................................................................................... 10 2.1.4 Strategic Group Mapping: ........................................................................ 11 2.1.5 Competitor Analysis: ................................................................................. 11 2.1.6 Critical Success Factors: ........................................................................... 12 2.2 Internal Environment Analysis: .................................................................. 12 2.2.1 Resources: .................................................................................................. 13 2.2.2 Capabilities: ............................................................................................... 13 2.2.3 Core competency: ...................................................................................... 13 2.2.4 Value Chain Analysis: ............................................................................... 13 2.2.5 SWOT Analysis: ........................................................................................ 14 2.3 Answering the Questions: ......................................................................... 15 2.3.1 Objective 1. ................................................................................................ 15 2.3.2 Objective 2. ............................................................................................. 15 2.3.3 Objective 3. ............................................................................................. 18 3. CONCLUSION ............................................................................................. 22 4. RECOMMENDATION ............................................................................... 23 5. REFERENCES ............................................................................................. 24 1 | P a g e
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1. INTRODUCTION 1.1 History of the Retail industry: In the US, the retail industry is said to have started developing in the 18th century, with general stores. Much later, in 1846, Marble Palace opened in New York, to sell European merchandise. In the late 1800s, Sears and Roebuck introduced the catalogue business and, in 1925, opened a chain of retail stores. Sears was the biggest player in the US retail world till 1989, when Walmart surpassed it. When US suburbs began to grow after World War II, supermarkets began to flourish. The increased use of automobiles during 1920-1940 allowed people not only to travel to supermarkets far away but also to bring home sizeable quantities of goods. Refrigerators at home meant that they could store perishables. With the population explosion in 1950-70, open-air malls came up, which led to the establishment of bigger supermarkets and hypermarkets. In Europe, the Industrial Revolution laid the foundations for the consumer goods industry, and the retail sector began to grow. One of the first department stores to come up was probably Bennett’s in Derby, England, in 1734, according to Wikipedia. However, the first department store as per records is Harding, Howell, and Co, which started business in 1796 at Pall Mall, London. Harrods started business in London in 1834. India was also not to be left behind. According to an article in Spectrum: A Journal of Multidisciplinary Research, the year 1869 marked the beginning of the first phase of organized retailing in the country, with the opening of the Mumbai Crawford Market. In 1874, Hogg Market opened in Calcutta. The second phase began with the opening of Bata stores in 1931 followed by DCM and Raymonds outlets. In the early 1980s, “Akbarallys” in Mumbai and Spencer’s and Nilgiris stores were opened in Chennai. Fair-price shops and defense canteens catered to millions. 1.2 Present Condition of Retail Industry: The Retail Industry was valued at USD 23,460 billion in 2017 and is expected to register a CAGR of 5.3% during the forecast period (2018 - 2023), to reach USD 31,880.8 billion by 2023. 2 | P a g e
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The market provides products such as food, apparel, furniture, jewelry, and various others. Apart from this, the stores can be classified into the convenience store, specialty retailer, internet retailing, and various others. The scope of our
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