Saturday, December 28, 2019

Retailing Market Value in the UK Free Essay Example, 2250 words

According to Raphael Moreau, Retailing Analyst "Diversifying into convenience stores is on the agenda for the UK s top hypermarket chains because this retail format offers good growth prospects (Anonymous, 200). Convenience stores have increased their share of the UK food retailing market from 20% to 21.9% between 1999 and 2003. Clearly, these stores are appealing to UK consumers, thanks to their convenient locations and extended opening hours. Hypermarket retailers want to make sure they don t miss out on this growing area of the UK market. " High Street convenience stores are also particularly attractive to hypermarket retailers, due to strict planning rules restricting the opening of new out-of town hypermarkets. Euromonitor International believes that this trend is likely to intensify in the next five years. The Competition Commission, which considers convenience retailing to be a separate sector from supermarket retailing, has also encouraged this trend since supermarket chains can diversify into convenience retailing without facing inquiries from the Commission about the market s level of concentration (Raphael Moreau, 2004). Looking to the future, Euromonitor International s latest research forecasts that UK retail sales will increase by just over 11% in real terms between 2004 and 2008, a moderate increase resulting from strong downward pressure on prices, especially within food retailing, combined with rising interest rates leading to higher debt levels. We will write a custom essay sample on Retailing: Market Value in the UK or any topic specifically for you Only $17.96 $11.86/pageorder now This would represent a slowdown compared to the strong performance recorded in 2003 and 2004, of 3.8% and 3% respectively, even though growth could be maintained by the dynamism of convenience stores/small grocers (Raphael Moreau, 2004). Gap (originally The Gap) is a San Fransisco-based apparel and accessories retailer founded in 1969 by Donald Fisher and Doris Fisher. The Fishers opened their first shop because they had been frustrated with the lack of decent customer service and fashionable styles at other retailers.

Friday, December 20, 2019

River Island in Kings Lynn UK Example

Essays on River Island in Kings Lynn UK Essay Financial Analysis of River Island in Kings Lynn UK Financial Analysis of River Island in Kings Lynn UK Part Calculating the Gross Profit Margins, Operating Profit Margins and Net Profit Margins 2006: Gross Profit Margin = Gross profit/Revenue = 180,362,050/670, 538, 155 = 0.27 Operating Profit Margin = Operating Profit/Revenue = 153,645,793/670,538,155 = 0.23 Net Profit Margin = Net Profit/Turnover = 156,539,550/670,538,155 = 0.23 Cash Conversion Circle = Average Inventory/Cost of goods sold per day = 178,814,944.5/(490,176,105/365) = 178,814,944.5/1,342,948.233 = 133.15 2007: Gross Profit Margin = 155,053,275/652,257,262 = 0.24 Operating Profit Margin = 131,765,867/652,257,262 = 0.20 Net Profit Margin = 137,863,013/652,275,262 = 0.21 Cash Conversion Circle = 239,664,760/(497,203,987/365) = 239,664,760/1,362,202.704 = 175.94 2008: Gross Profit Margin = 165,588,865/677,359,466 = 0.24 Operating Profit Margin = 132,012,406/677,359,466 = 0.19 Net Profit margin = 137,875,559/677,359,466 = 0.20 Cash Conversion Circle = 270,423,151.5/(511,770,601/365) = 270,423,151.5/1,402,111.236 = 192.87 2009: Gross Profit Margin = 168,785,159/735,570,248 = 0.23 Operating Profit Margin = 130,341,526/735,570,248 = 0.18 Net Profit Margin = 130,564,174/735,570,248 = 0.18 Cash Conversion Circle = 227,280,118/ (566,785,089/365) = 227,280,118/1,552,835.86 = 146.35 2010: Gross Profit Margin = 156,152,209/720,328,095 = 0.22 Operating Profit Margin = 113,885,312/720,328,095 = 0.16 Net Profit Margin = 110,793,773/720,328,095 = 0.15 Cash Conversion Circle = 148,097,542.5/(564,175,886/365) = 148,097,542.5/1,545,687.359 = 95.81 2011: Gross Profit Margin = 131.1/720.7 = 0.18 Operating Profit Margin = 84.7/720.7 = 0.12 Net Profit Margin = 81.6/720.7 = 0.11 Cash Conversion Circle = 152,650,000/ (589,600,000/365) = 152,650,000/1,615,342.466 = 94.5 2012: Gross Profit Margin = 139.3/739.7 = 0.19 Operating Profit Margin = 95.6/739.7 = 0.13 Net Profit Margin = 93.3/739.7 = 0.13 Cash Conversion Circle = 229,300,000/(600,400,000/365) =229,300,000/1,644,931.507 = 139.40 Part 2: Financial Performance River Island Clothing Company has recorded a steady rise in its annual turnover in the six-year period documented in this report. In 2006, the turnover was  £670, 538, 155, a figure that is above the turnover reports shown in 2012 ( £739.7). This reflected a 0.001% increase in turnover value. The gross profit margin in 2012 was 18%, a representation of a significant decrease by 9% compared to 2006 (the gross profit margin was 27%). However, the cash conversion circle in 2012 increased to 139.40 compared to 2006 (133.5). Comparing the performances between 2006 (turnover was  £670, 538, 155) and 2007 (turnover was  £652,257,262); the company realized a decrease in the annual turnover and a decrease in profit before tax. This was a negative growth considering the fact that the company refitted 15 shops, relocated 11 stores to larger outlets, and opened 12 new outlets. In 2006, only 2 shops were refitted, 12 were relocated to larger outlets, and 14 new ones were opened. This explains why there was a decrease in turnover and a decrease in net profit margin by 2.8% and 2% respectively in 2007. Turnover performance in 2008 was better than 2007 with an increase in the turnover by 3.7% ( £677,359,466 in 2008 and  £652,257,262 in 2007). Net profit margin decreased by 2% (19% in 2008 and 21% in 2007). The amounts spent on refitting, relocation and opening new stores in 2008 was less compared to 2007. Only 7 shops were refitted, 15 relocated to larger outlets, and 14 new stores opened. The marketing strategy of River Island Clothing Company contributed to the rise in turnover and, revenue, and profit before tax throughout the period. There is a constant increase in the annual sales revenue starting from 490,176,105 in 2006 to 600,400,000-a representation of 22.5% increase. The rise in stock value also indicates growth in the company’s operations for the six-year period. Stocks were valued at  £36.5 million in 2006 and  £63.8 million in 2012. From these figures, it is evident that the company has tripled its stock value. The rise in stock between this duration is 73.4%. Value of stock is attributed to refitting stores and opening new ones once the market has been established. In addition, closing several stores that are not performing as required by the board and other stakeholders also helped the company to record better performances. River Island Clothing Company’s decision to launch new products in the market has also enabled it to improve on its operations. The financial statements and opinions of the customers and the board indicate that the company is focused on improving its performance and profit acquisition in the competitive market of fashion merchandise. The decision to increase its production has resulted to an increase in consumables and raw materials over the years. Firstly,  £2,224,262 million of the consumables and raw materials were recorded in 2007 while  £484,575 of the same materials was available in 2006. To manage the competition in clothing industry in the UK, the manager of River Island Clothing Co. notes that the company has to offer exclusively designed products at fair prices, but of high quality and by ensuring that the customers are provided high level services. Another area of great significance in the company’s development lies in the debt amounts due in a single financial year. By December 2012, the company reported debt amounts of  £251.9 million. In 2011, the debt was valued at  £194.4 million. The company directors noted that credit risks are the primary contributors to trade defaulters, most of which are categorized under credit card costs used a few days before end of financial periods. The company’s performance focus based on factors such as trends in costs, margins and turnover indicates that there will be growth in future. The constant fall and rise in turnover also affected the profits. In addition to the ratios used in analyzing the performance of River Island Clothing Co., the ‘Cash Conversion Cycle’ also a better insight in the company’s ability to ensure that cash is available in its accounts. Cash conversion cycle determines the amount of time needed to sell inventories to get enough cash for other business processes. Looking at the three-year range-that is, 2006, 2009 and 2012-it is notable that the company’s cash conversion cycle is not steady. In 2006, the conversion was 133.5, 2009 and 2012 had 146.35 and 139.40 respectively. It means that the conversion rate in 2006 was better than the other years within the six-year period. The gross profit margin has also not been steady comparing the figures reported in all the six years. There is a significant drop, probably due to the increasing number of competitors and the introduction of cheaper merchandise. Gross Profit Margin in 2006 was 27%, in 2009, it was 23%, and 19% in 2012. Despite the constant rise and fall in turnover, the company’s performance in terms of gross profits and sales revenue needs revision. Part 3 a) The business rate = multiplier Ãâ€" ratable value = 122000 Ãâ€" 870 = 106,140,000 b) Source: VALUATION OFFICE AGENCY (2013, p1) c) It is located near the ferry crossing and train station References RIVER ISLAND. Store Locater. Retrieved April 17, 2014, from http://www.riverisland.com/how-can-we-help/store-locator VALUATION OFFICE AGENCY. My valuation. Retrieved April 17, 2014, from http://www.2010.voa.gov.uk/rli/en/basic/find/valuation/2010/14805140000/14896765000 RIVER ISLAND. Annual Reports. Retrieved April 17, 2014, from http://www.riverisland.com/

Wednesday, December 11, 2019

Birth Weights of New Born Babies

Question: Describe about the Birth Weights of New Born Babies. Answer: I. Introduction The data to be analyzed was derived from a randomly selected sample of 116 observations of new born babies in the Local Health District in 2002. In this report, the birth weight of new born babies was recorded and analyzed where the weight was recorded in grams. These 116 observations represented a sample size derived from a population of births from the Local Health District. It was assumed that the sample size was adequate to represent an outcome that could reflect the situation in the population. According to preliminary results obtained (see table 1 below) indicate that the average birth weight new born babies was 3,393.66 grams that was associated with a standard deviation from the average weight of 537.89 grams. This indicated that the birth weights in the sample were scattered away from the average weight. The histogram below shows a wide distribution of the birth weights due to a large standard deviation. The standard error was small at 49.94 grams. The standard error indicates how reliable the average weight is in relation to the population. It represents the standard deviation of the population average. The sample size of 116 observations was adequate to estimate the average weight of new born babies in the population since it was far below the standard deviation of the sample. The minimum birth weight obtained from the sample was 1,644 grams while the maximum birth weight was 4,649 grams. The median, that is also referred to as the 50th percentile was 3,430 grams. The median represents the middle observation when the data is arranged in ascending order. From a statistical standpoint, we can be 95% confident that the average weight of new born babies in the Local Health District will fall 98.92 grams of the average recorded weight. That is, between 3,294.73 grams and 3,492 grams given a sample of 116 new born babies. Table 1: Summary Statistics of the Birth Weight of New Born Babies Figure 1: Histogram for New Born Babies' Birth Weight Figure 1 above shows a large deviation from the average birth weight. The average is between 3300 and 3600 and it can be seen from the graph that it is bell-shaped or almost symmetrically distributed on either side of the average recorded weight that is, it has one peak. The highest peak of the distribution represents the mode (3629). That is, weight value that occurs more often than any other in the sample data does.

Wednesday, December 4, 2019

Business Prof & Career Management

Question: Discuss on the process of the report. Answer: Discussion on the process of the report: Meeting Room number BC12 Date 27/05/2016 Time 12.30 p.m Meeting facilitator Sasanka Meeting attendees Maith Kanishka Nipuna Objective To discuss several factor of the process about the report on work life balance (WLB) Agenda for discussing the process of the report: Serial Number Topics Action Planning Responsible 1 Review the whole scenario of WLB 10 minutes discussion Entire group 2 Face-to-face discussion Brainstorming session of around 30 mints to develop ideas about WLB Entire group 3 Team norms discussion Take down the norms Entire group should contribute 4 Agenda Page Mainly developing the issue that have to be discussed in the next meeting Maith 5 Minutes of meeting Not every minutes of the meeting and post it on the google docs within 4 days of the meeting Kaniska 6 Research Page Need to complete before deadline. Sasanka 7 Taking pictures and video Illustrate on the day of presentation. Nipuna 8 Google Docs Each and every details need to be articulated on the google docs before the day of presentation Entire group Discussion on the product about the report on WLB: Meeting Room BC15 Date 31/05/2016 Time 4.05 p.m Meeting facilitator Nipuna Meeting attendees Sasanka Maith Kaniska Objective of the meeting To have an in-depth discussion on the product regarding the report on WLB Agenda on the product about the report on WLB: Serial number Topic Action Planning Responsible 1 Face-to-face discussion Discussion on the important points (10 min) Entire group 2 Introduction Part Identifying and defining the problems in the organization before 1 week of the presentation Maith 3 The body part Evaluation of the best practices on WLB and discuss disadvantages and advantages of each strategy. Both of them should contribute at least 2 strategies before the due week of presentation Sasanka And Maith 4 Conclusion part Implementation of evaluated processes Kanishka and Sasanka Discussion for finalizing the report: Meeting Room BC12 Date 03/06/2016 Time 3.00 p.m Meeting facilitator Maith Meeting attendees Nipuna Sasanka Kanishka Objective To finalize the report Agenda on finalizing the report: Serial Number Topic Action Planning Responsible 1 Face-to-face discussion Final assessment for checking any need for the correction Entire group 2 Assignment finalization Including table of contents and providing page number for making the google docs more appropiate Kanishka 3 Presentation Developing MS-PowerPoint presentation Sasanka and Nipuna 4 Finalizing the entire assignment Segregation the total slides among all members for presentation Nipuna Minutes of meeting: Date: 27/05/2016 The meeting started at 12.30 PM in the room number BC12. The chairperson of the group was Sasanka. In the meeting, the whole group was present. The meeting focused on the kind of steps that have to be taken. At the time of meeting, Sasanka suggested the way to creatively start the presentation which agreed by everyone. In the meeting, the role of every member within the team discussed so they can able to complete their task within the deadline. The meeting had 30 minutes of brainstorming session. At the latter part of the meeting, the whole group discussed about the team norms in details. The norms were noted down to the sheet by Kanishka who is in the charge of writing down the team norms discussed in the meeting. Sasanka takes charge of the research page and Nipuna was given the responsibility of taking photos and videos for developing the presentation. The entire team took the responsibility of articulating all the important information on the google docs. Then the meeting was adj ourned. Date: 31/05/2016 This meeting was conducted at 4.05 PM in the room number BC15. The chairperson of this meeting was Nipuna. All members are present in this meeting as well. The primary objective of this meeting was to plan a report on WLB. As a leader of this meeting, Nipuna clarified the reason for conducting the meeting at the very beginning. In this meeting, 10 minutes session of brainstorming conducted. While Nipuna has made arrangement for videos and photos for the purpose of presentation. Each and every member of the group contributes to complete a set of task mentioned in the report. Sasanka was given the opportunity to complete the introduction part of the report. Maith and Nipuna was considered for the development of the body of the report. They also handed with the responsibility to develop presentation slides. The body of the report includes strategies of overcoming challenges of work life balances (Noon, Blyton Morrell, 2013). Kanishka was given with the responsibility to develop the con clusion part of the report. The further details were described in the meeting before the meeting comes to end. Research page: In present competitive situation, companies are trying to utilize all its resources to its fullest. Therefore, work life balance has become one of the major issues that the company has to develop in order to minimize the employee turnover. According to Adcroft Taylor (2013) work life can be balanced if the organizations can able to develop trustworthy work culture, promote open-door policy, train managers to handle stress situation. As per the article by Shanafelt et al. (2012) developing flexibility in the work culture has the major positive impact on the on the work life balances of the employees. Jones, Burke Westman (2013) mentioned a recent case where an FMCG company has able to improve the satisfaction level of the employees by allowing them to manage their work time so that they effective plan their performance of responsibility to increase the level of work life balance. Collaborative communication page: Sasanka: Hello everyone, please mention the time when you all can able to meet for meeting? Maith: I am available on next Monday, Tuesday or Friday Nipuna: I can join the meeting on Wednesday, Friday or Saturday Kanishka: Please conduct the meeting on Friday Sasanka: Okay, then I am fixing Friday for the meeting at 12.30 PM on the room number BC12 and I am sure that all of you will be present on the given time and place Kanishka: I have no issue with date and time Nipuna: Okay then we will meet on Friday and I also have to share some important information relevant to the objective of the meeting Maith: See you guys on Friday Sasanka: In the meeting, we will go through a brainstorming session for the purpose of developing an effective strategy. So please prepare well before come to the meeting Introduction: About the company: Unilever is a consumer goods manufacturer company. The company headquarter is present in the United Kingdom and Netherlands. However, Unilever has its presence all over the world, which makes it third largest consumer goods manufacturer of the world ("Unilever Sri Lanka", 2015). Revenue wise, Unilever is only after PG and Nestle. However, the company recently facing several issues related to work life balances in Sri Lanka. The company has lose some of its potential employees in Sri Lanka due to the over stress work atmosphere. Major problem faced by Unilever: Raw material issue: As a consumer goods manufacturer, availability of raw material is extremely crucial for the success of the business. However, the company has faced several challenges to get high quality raw material at reasonable price (Sirgy Wu, 2013). It makes the operation of the Unilever much more difficult. Therefore, the company is actually facing issue with the high operational cost in Sri Lankan region. High import-export duties: High import-export duties also created several challenges for the Unilever. As mentioned earlier, shortage of raw materials already created huge amount of challenges for the company, which left no other option for Unilever to utilize import-export services to have high quality raw materials (Erdogan et al., 2012). However, high level of import-export duties has minimized the positive impact of this business operation. Competition: Like any other company, Unilever also has to face huge amount of challenges from the competitors in the Sri Lankan market, which creates huge amount of stress for the employees to develop strategies that can actually help the company to gain competitive advantage in the market (Harvey Allard, 2015). Importance of WLB: All these mentioned issues actually put huge amount of pressure in the employees, which increases the employee turnover rate of the company at extremely high position. This plays a huge role in creating a negative environment at the workplace, which affects the productivity of the company (MarafI, 2013). Hence, WLB is necessary not only to increase the satisfaction level or minimize the employee turnover rate but also improving the productivity of the company. The Body: WLB strategies: Supportive management style: Many studies have mentioned that work life balance is directly associated with the satisfaction level of employees (Bakker, Oerlemans Ten Brummelhuis, 2013). Therefore, Unilever have to develop a management style that will induce employees to share their views and thoughts can actually help them to achieve a higher level of satisfaction (Robbins et al., 2013). This can play a crucial role in balancing work life of the employees. Flexible corporate culture: This will help the employees to manage the time for performing its organizational responsibilities (Raisiene Jonusauskas, 2013). However, to implement this strategy the company has to develop a trustworthy organizational culture in which every employee will be dedicated to perform their entire task within the given period of time. Advantages of WLB strategies: It help the employees to manage and minimize the present level of stress It induces all the employees of the organization to give their best at the workplace It helps to improve the satisfaction level of the employees It minimizes employee turnover rate for the company Disadvantages of WLB strategies: Sometime WLB strategies can actually create confusion among the employees regarding the way of performing their responsibilities at the workplace. It also demand employees to have skill by which they can able to perform their tasks on their own Conclusion: Implementation process: For successful implementation WLB strategies, the management of Unilever has to focus on the physiological needs of the employees. The implementation of the strategy will have to be conducted in such a way that it could able to fulfill the needs of both employers and employees. Evaluation process: Evaluation process of the WLB strategies will have to focus on the stress level of the employees. The company will have to follow closely on the factors like employee turnover, production efficiency, health of the employees in order to evaluate the kind of impact that the WLB strategies have made on the organizational developmental process. References: Adcroft, A., Taylor, D. (2013). Support for new career academics: an integrated model for research intensive university business and management schools.Studies in Higher Education,38(6), 827-840. Bakker, A. B., Oerlemans, W. G., Ten Brummelhuis, L. L. (2013). Becoming fully engaged in the workplace: What individuals and organizations can do to foster work engagement.The fulfilling workplace: The organizations role in achieving individual and organizational health, 55-69. Erdogan, B., Bauer, T. N., Truxillo, D. M., Mansfield, L. R. (2012). Whistle while you work a review of the life satisfaction literature.Journal of Management,38(4), 1038-1083. Harvey, C. P., Allard, M. (2015).Understanding and managing diversity. Pearson. Jones, F., Burke, R. J., Westman, M. (2013).Work-life balance: A psychological perspective. Psychology Press. MarafI, H. (2013). Perception of Work Life Balance-An Investigation of Education Sector of East and West.Asian Journal of Business Management,5(1), 174-180. Noon, M., Blyton, P., Morrell, K. (2013).The realities of work: Experiencing work and employment in contemporary society. Palgrave Macmillan. Raisiene, A. G., Jonusauskas, S. (2013). Silent issues of ICT era: impact of techno-stress to the work and life balance of employees.Entrepreneurship and sustainability issues,1(2), 107-115. Robbins, S., Judge, T. A., Millett, B., Boyle, M. (2013).Organisational behaviour. Pearson Higher Education AU. Shanafelt, T. D., Boone, S., Tan, L., Dyrbye, L. N., Sotile, W., Satele, D., ... Oreskovich, M. R. (2012). Burnout and satisfaction with work-life balance among US physicians relative to the general US population.Archives of internal medicine,172(18), 1377-1385.