Nobody downloaded yet

Claire's Stores - Essay Example

Comments (0) Cite this document
Claire’s Stores Inc. is a group of small shops indulged in the fashion industries. Rowland Schaefer, the founder of the group, had already acquired a number of shops dealing in fashion accessories since 1960 that finally ended with the acquisition of Claire’s Boutique, Inc. in 1973…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Claires Stores
Read TextPreview

Extract of sample
"Claire's Stores"

Download file to see previous pages in 1973. Previously, it known as FT Industries after the acquisition of Fashion Tress, Inc. in 1961, and the new name was conceived in 1983, two years before getting enlisted with the New York Stock Exchange. The latest one, however, had been the biggest of all deals and eventually the most popular one with 60 stores scattered in different parts of Chicago. 1994 saw the industry moving out of homeland when it entered into a joint venture with Japan’s Jusco Co., Ltd., which resulted to the opening of the first branch of Claire’s Stores in Tokyo. Eventually, it spread out to 172 other locations by 2006.
Though the company had been continuing with its overseas acquisitions since 1993, the next biggest one had been that in 1995 when it purchased Bow Bangles Holding Ltd., a Birmingham based chain of stores. It was followed by the acquisition of Bijoux One, a 53-chain store scattered across Switzerland, Austria and Germany in 1998, and Cleopatre Stores in France with chain of 42 stores. Schaeffer had strategized his moves so as to acquire almost all rival firms of the company. Although it had started out as a fashion accessories group of stores meant for young teenagers, it soon moved into the domain of selling accessories for older teenagers and young women post the acquisition of Afterthoughts in 1999; Afterthoughts had been a giant chain of 768 stores. However, the company had not always divulged into expansive strategies. The acquisition of a unisex garments chain for teenagers in 2002 as well as that of a trendy gift stores chain in 1998 both had proved disastrous for the company compelling Schaefer to eventually sell them away. Operational Information The features that Claire’s Stores Inc. is endowed with are common to almost every successful chain of shops. It had strategically planned its locations so as to stay in areas frequented most by its target customers, consisting of teenagers and young women. In order to keep its costs of operation low, the company has arranged distributors and suppliers in the nearest possible locations to their stores. Such a step not only helps to reduce the cost of operation but also arranges distributions within a short span of time. In addition, the company had been exploiting its negotiating powers with vendors to keep the profit margins high and also to compensate for the low footfall during seasonal fluctuations. This is one of the reasons which made the company popular and a common name among young teenagers. Eventually this very fact emerged as the company’s intrinsic strength. Moreover, the company had standardized its strategies in alignment to the upcoming fashion trends in the industry. Management had been one of the most important of all elements under the jurisdiction of the company in compliance to its policy of tracing its strategies in line with upcoming fashion trends. In terms of money management, Claire’s could rather be rated quite highly given that it had maintained insignificant levels of debts historically and in 2006 had no debt records as such. Analysis and Evaluation Growth rate in sales The number of stores under Claire’s Inc has increased significantly during the period 1992 to 2006. In the year 1992 the number of stores was 995 and this increased to 3050 in the year 2006. This implies a rise of more than three times. This has been achieved by the company through a rapid acquisition drive pursued by ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Claire's Stores Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved de https://studentshare.org/marketing/1390124-claire-s-stores
(Claire'S Stores Essay Example | Topics and Well Written Essays - 2750 Words)
“Claire'S Stores Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/marketing/1390124-claire-s-stores.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Case study(Tanglewood department stores)
3-4 Criteria to Compare Alternatives…………………………………………. 4-5 Optimum Solution………………………………………………………… 5 Implementation Plan……………………………………………………….
4 Pages(1000 words)Essay
Wal-Mart Stores, in Canada
Wal-Mart has been growing rapidly in the Canadian market. It faces direct collision with the Target. The two companies have been fierce rivals and have recently celebrated their 50th anniversaries. The two have similarities in the range of merchandize and store sizes.
4 Pages(1000 words)Essay
Wall Mart stores

The author states that the organization’s primary source of growth, numerous achievements, and customer satisfaction levels, get encouraged through their employees. The staff level of production affects the customers’ satisfaction directly, as they are the company’s leading source of income.

7 Pages(1750 words)Essay
Critical evaluation of two luxury brand stores
It has created its own space among the elite customers who prefers to buy them. Such types of goods and services are not essential for common peoples and are associated with rich and affluent people. They appeal to people living in higher strata of the society.
8 Pages(2000 words)Essay
Retailing stores
The customer behaviour affecting the shopping trends is also studied within the context of the research. Understanding customer behaviours becomes essential in developing marketing strategies aimed at increasing sales volume in retailing outlets. The research aims at understanding the consumer behaviours in Saudi Arabia and Britain through undertaking a comparative research.
10 Pages(2500 words)Research Proposal
Forever 21 & Bebe stores
Their provocative ads and eye-catching windows display sexy dresses and skirts, cool jeans, accessories, and various products (perfume, etc.) under the Bebe label. Bebe also has PH8 (formerly BEBE SPORTS) and 2b Bebe banners though 300 stores in the US, Puerto Rico, and Canada.
2 Pages(500 words)Essay
An Evaluation At Primark Stores
This has been a strategy of the firms to multiply their profits. At the same time, they become increasingly obliged to the societies that facilitate their progress. Such large corporations are supposed to do more than sending out products, providing employment and paying taxes.
8 Pages(2000 words)Essay
Wal-Mart Stores
Forbes Global 2000 list, states that Walmart is the largest corporation when ranked in terms of revenue. However, Walmart is ranked as the 18th largest public multinational corporation in the world. In 1962, Walmart Company was founded by Sam Walton who was a businessman from Arkansas.
3 Pages(750 words)Essay
Memory Stores handout
formation is detected by the senses and enters Sensory Memory where it is stored as either “Iconic” or “Echoic.” Iconic Memory Stores hold visual information for brief periods of time (i.e. 1/10 sec). Echoic Memory Stores hold auditory information for short periods of
2 Pages(500 words)Essay
Wal-Mart Stores, Inc
Wal-Mart Stores, Inc. is an American multinational retail corporation that operates the warehouse and departmental stores. The company was founded in 1962 and has its headquarters in Bentonville, Arkansas, US. Since its inception, the company has grown by leaps and bounds.
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Claire's Stores for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us