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Problem
High sales but low profit due to poor
Background
they are the largest retail of domestics and home furniture they decrease expense and increase gross profit through
excellent atmosphere.
three ways of anticipating growing:
securing sales on year to year basis. opened hundreds of stores. purchasing new stores, one of which is the Christmas tree shops.
performances. BB&B believe in high performance in customer service, and provide more to the customers.
Objectives
To have an effective and attainable strategic
business plan for Bed Bath & Beyond, in order for them to generate and sustain high profit and high sales, and provide the right direction for the company and its subsidiaries.
TOWS
THREATS
Inter-competition between different branches of
BB&B Cannibalize the same stores due to their locations in a vicinity Arise of Substitute goods Extinct space for expansion Low profit Arising of competitors Increasing of the fixed cost (i.e. rents) Recession in U. S economy Highly competitive market
OPPORTUNITIES
Global expansion Market growth Higher sales and profit Reduce expenses Achieve market growth Expansion through consolidation The company has purchasing power which can be used to extend their product line that can be positioned against competing market
WEAKNESSES
Outsourcing of distribution excessive store locations Risk-taker Wrong allocation of expenses which leads to low profit Lack of strategic planning Lack of focus by the employees with their job responsibilities Ability to successfully operate a number of different location types. Broadly known brand name.
STREGTHS
High quality customer service Continuous sales to be used in expansion Wide assortments and deep variety of
ACAs
Change the BB&Bs store location from a
non-store format to a store-format BB&B should take into consideration Specify a clear set of responsibilities for BB&B employees Undergo a market research before putting up new stores in other locations
Solution
Undergo a market research before putting up
new stores in other locations and specify a clear set of responsibilities for BB&B employees
4M3 Group 3
Escuyos, Ray Mark Ferreras, Nico Franco, Angelica Gonzales, Cyrel Hernandes, Sychelle Javier, Louise King, Regan Legaspi, Paul