The Value Chain Of Nordstroms Inc - 1284 Words

Introduction Value chain is the ability to take a product and add some value along the way to make it appealing to the customers in such a way that they be willing to buy the product at a certain price. Many companies in today’s business world analyze their value chains to identify the ways which continue to attract their customers. The value chain analysis consist of two parts, primary activities and secondary activities. The first ones support the actual physical process of buying, manufacturing, shipping and selling the product and the secondary activities are actions that support the process, such as procurement, technical support and human resource management. The value chain is one of the critical elements of a company’s strategy in today’s competitive world, because company’s profit depends on how the successful and efficient it runs its operations and how the end product appeals to the customers at a price that covers all the expenses of the co mpany. Nordstrom’s Value Chain Nordstrom’s Inc. is one of the upscale fashion retailers in the United States that competes with other high end stores, such as Saks, Neiman Marcus, Bloomingdale and Macy’s. In order to differentiate itself from its competitors, the company must carefully follow its value chain design, because it is the only concept that allows Nordstrom to stay unique among the other retailers. Most of the company’s competitors buy products from the same or similar vendors and have creatively designedShow MoreRelatedThe Value Chain Of Nordstrom s Inc888 Words   |  4 PagesIntroduction Value chain is the ability to take a product and add some value along the way to make it to appeal to the customers in such a way that they be willing to buy the product and pay the asking price. Many companies in today’s business world analyze their value chains to identify the ways which continue to attract their customers. The value chain analysis consist of two parts, primary activities and secondary activities. The first ones support the actual physical process of buying, manufacturingRead MoreBusiness Line Model Of Nordstrom2014 Words   |  9 Pageswear and cafes (Nordstrom Inc, n.d). Operating in multi retail categories gives consumers an incentive to shop at their shop, over the competitors because the consumer can satisfy all their specific needs and wants in one store instead of having to visit several. The divergent product line also broadens Nordstrom s target market by offering different products that attract new market segments and reach the different demog raphic and purchasing needs of each consumer. Nordstrom’s wide product range helpedRead MoreBusiness Analysis : Nordstrom, Inc.2405 Words   |  10 PagesINTRODUCTION The company I chose to explore is Nordstrom, Inc. I always enjoyed being fashionable and stylish so this specific company works well with something I love to do often. I also shop at this particular store quite frequently. I would like to focus on how Nordstrom, Inc. should consider expanding into Europe. I have been to Europe a couple of times including studying abroad and I’ve noticed that all the major European cities have their fair share of upscale and high-end retail stores.Read MoreJ. Penney Corporation Inc.970 Words   |  4 PagesCompany Overview: J. C. Penney Corporation, Inc, also known as JCPenney, is a chain of American department stores specializing in selling affordable clothing, shoes, accessories, and home decor for the entire family. For more than a century, JCPenney has been a regular shopping destination and a dependable retailer for the American family. In 1902, the department store was founded by James Cash Penney and was established on the principle of the Golden Rule. Over the years, the company has developedRead MoreBusiness Case Study : Nordstrom, Inc.1723 Words   |  7 PagesIntroduction Nordstrom, Inc is one of the largest upscale apparel and shoe retailer’s in the United States. John W. Nordstrom started the company in 1901 as Wallin Nordstrom, which was a small shoe store located in downtown Seattle, WA. By 1960, the shoe company was the largest independent shoe chain in the nation. Nordstrom then ventured into women’s apparel and in 1971 the company rebranded itself to Nordstrom, Inc. and became a publicly traded company. (nordstrom.com) Today, an executive teamRead MoreMarketing Strategy : Target Markets And The Marking Mix874 Words   |  4 Pagesthe same as their competitors. Different types of organizations develop different types of strategies for success. For example, Nordstrom is a type of company that has different products, policies, and designs than other retail stores. â€Å"Nordstrom, Inc. is a leading fashion specialty retailer offering compelling clothing, shoes and accessories for men, women and children. Since 1901, we ve been committed to providing our customers with the best possible service—and to improving it every day.† (AboutRead MoreNordstrom Human Resource Paper5437 Words   |  22 PagesNordstrom Nordstrom’s employees and management are the company’s most valuable resource. An article written in the Seattle PI describes exactly why this is true. It states that, â€Å"Nordstrom salespeople make decisions as if managing their own business; they are trusted to do what is right. Everyone else in the company is there to help the sales staff make the sale and please the customer† (Mulady, 2009). The way the employees are treated and valued is a perfect portrayal of the company’s missionRead MoreNordstrom Financial Statement Analysis3814 Words   |  16 PagesNORDSTROM (JWN) I. Nordstrom’s overview Nordstrom is classified as an Upscale Independent Department Store Chain and is noted as one of the largest department stores of its type. Nordstrom is founded in 1901 by two partners, John W. Nordstrom and Carl F. Wallin. It’s headquarter is in Seattle, Washington area. Nordstrom carries a wide variety of merchandise and specialty goods, which includes apparel, shoes, jewelry, cosmetics, fragrances, handbags, accessories, and in some locations, homeRead MoreReal Men Drink Coke4842 Words   |  20 Pages TerraCycle’s organic plant food hit the shelves in 2004 with labels boasting that it â€Å"Contains Liquefied Worm Poop!† It didn’t take long for the products to take off. By 2006, the company had been named â€Å"The Coolest Little Start-Up in America† by Inc. magazine and had passed the $1 million mark in sales, growing as much as 300% from the previous year. They snagged shelf space in retail giants such as Target, Walmart, and Home Depot. Founder and president Tom Szaky liked to refer to his companyRead MoreLululemon Case Essay examples8018 Words   |  33 PagesConfirming Pages CASE 6 lululemon athletica, Inc. Arthur A. Thompson The University of Alabama I n early 2012, investor interest in lululemon athletica— a designer and retailer of high-end, yoga-inspired athletic apparel under the lululemon athletica and ivivva athletica brand names—was surging. Over the past 30 months, growing numbers of female shoppers were patronizing the company’s stores to pay premium prices for lululemon-branded items that offered performance, fit, and comfort and were