At Foodstuffs, sales of the same store tend to measure the trends taking place in sales, considering a specific duration of time, for each and every store. While a number of researchers and analysts consider the overall growth of stock and revenue as indicators for the success of the organization, sales of same stores have been decently gauging the performance significantly. As stated in the Annual Report of Foodstuffs (2014), “From a sales perspective, August was the strongest month, with decline of sales in September and weaker sales in October as well. I think August benefited from the last of the child care tax credits, and the heavy clearance. September benefited from the cold weather that happened early in the month. And October was slower due to the unseasonably warm temperature that we had throughout much of New Zealand”. Recently, it has been agreed by a number of analysts and investors that the sales of Foodstuffs might benefit from the planned remodelling of the store which is inclusive of better displays of product, signage, and assortment of merchandise. However, as there is floundering threat to the fall of sales, observers can be seen abandoning their position of optimism. And hence, there is a public reassessment of prediction for the project of remodelling. Apart from the efforts of remodelling, Foodstuffs had been blamed for low growth of sales in the same store. Irrespective of the excuses, it has been interpreted by investor that there is a need for targeting shoppers that are from a more upscale category. This is because the efforts of remodelling the stores and remaking of the brand imagehas fallen flat. Majority of the large retailers of New Zealand end up offering online shopping, but there is consolidation of information on the significance for the lack of business modelling.
It is important to have a better understanding about the market and competitive environment in which business operates, as it is crucial for making informed decisions, while in the consequent sense, companies are able to make better investment. The company selected for the purpose of this report is Foodstuffs and is among the leading organization operating in the retail store market of New Zealand. The business has been enjoying a competitive edge as it improves the international outlook of market as per the price of commodity as different factors of strength are built. The industry in which the business operates is highly concentrated and hence, Foodstuffs have been wielding substantial power to bargain among the key suppliers.However, there is yet some threat that this power might be utilized in a way of harming the viability of competitive and vibrant market of supplier being detrimental to the consumers. Also, there is key reliability of the suppliers to sell their production by supermarkets. In addition to this, the power to bargain among suppliers and supermarkets deals with a substantial imbalance. In this report, several different factors have been identified by using different tools. As per the analysis, the company is still at a strong position in the industry.However, when considering a broader outlook, there is still some scope of improvement. In a grocery retail landscape that keeps changing now and then, for retail stores, advanced analytics are known to be offering unique value to the customer. This is built as per the model of retail data having a better understanding about the processes and nuances in the business of grocery and food.
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