Upload
sowmiya-sree
View
307
Download
1
Embed Size (px)
Citation preview
SUCCESS STRATEGY
DOMINATOR THE RETAIL WORLD
• Best Buy- Consumer electronic retailer
• Global expansion
• Employees with fixed salary
WHAT IS RETAILING?STORE RETAILSELF SERVICESELF SELECTIONLIMITED SERVICEFULL SERVICE
NON-STORE RETAILDIRECT SELLINGDIRECT MARKETINGAUTOMATIC VENDINGBUYING SERVICE
Chain store
Retailer co-
operative
Consumer Co-
operative
Franchise
Merchandising
COPORATE RETAILING
RECENT RETAIL DEVELOPMENTS
Improved Consumer services
What is Market Logistics?
Corporate strategy
BEST
BUY
TECH GEEKS
PRICE CONSCI
OUS DAD
YOUNG GADGET ENTHUSI
AST
BUSY SUBURB
AN MOM
WHAT ARE THE KEYS TO BEST BUY’S SWHAT ARE THE KEYS TO BEST BUY’S SUCCESS? WHAT ARE THE RISKS GOING FORWARD?UCCESS? WHAT ARE THE RISKS GOING FORWARD?
• MULTI-CHANNEL STRATEGY• GEEK SQUADS• TARGET SEGMENTATION• MARKETING COMMUNICATIONS• TRUSTED CONSUMER BRAND
RISKS INVOLVED IN GOING FORWARD:• Core competence with private labels• To overcome low priced stores• Narrow selective target market• Compete with online retailers
How else can best buy compete new competitors like Walmart and online companies?
• By Direct Marketing• Can promote itself in buying service-
Non Store retail• New products to attract new
customers• Well-established retailer
BEST BUY
SummaryRetail marketing
Corporate RetailingRecent Retail Developments
Strategy implemented in Best BuyAnalysis of Case Study
REFERENCES
• https://en.wikipedia.org/wiki/Best_Buy
• www.bestbuy.com/
• Presentationpro.com
DISCLAIMER
Slides were created bySowmiyasree.D (PSG TECH)as a part of an internship under the guidance of Prof. Sameer Mathur (IIM LUCKNOW)