99 Cent Only Business Strategy v. The Competition.

David Gold, founder and chief executive officer says the 99 Cent strategy is to gain the shortest path possible between the customer and the sale (Rae-Dupree, 2004). This is primeval in deep discount retail in place to purchase close-out and other special-situation merchandise at prices substantially on a lower floor wholesale that transport at prices significantly below meter retail (Symplicity, 2005). Over the past two years, the bon ton has suffered a $17.00/ grant loss on its stock (from $30 to $13.00) generally delinquent to declining operating(a) margins (Domash, 2004) caused by over-optimism in the Texas marketplace. Competitors were more deeply entrench than their research had shown, and reduced earnings forecasts combined with declining operating margins were the sell signal for many investors in the company. Also, the need to gain their IT groundwork to support expansion in its California handbag market was the second company downfall. The followin g is a compend of the company strategy: 1. Focus on brand shit consumables. 2. openhanded selection of regularly available merchandise. 3. Attractive and well-maintained stores. 4. sinewy supplier relationships. 5. Focus on larger stores and wider demographic of value-conscious customers. 6. take and plastic Store Hours and Policies The Role of IT Infrastructure in trading operations and railway line Strategy CEO DISCONNECT WITH engine populate 99 Cents Only strategy is supported by variance technologies that must always fall into line with David Golds theorem that the company take into account not spend money on engine room to attain information it will not utilize (Symplicity, 2005). Golds comments that he does not even have a computer in his great power seems to make him technologically reluctant. The psychology of the CEO is certain to permeate the thinking of those under his leadership. His attitude whitethorn have contributed to the companys polity of writing its own software and its taciturni! ty to upgrade technology sooner. The operations failure... If you want to get a full essay, ordering it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper