I, myself go to CVS to fill all of my perscriptions. There are a few main reasons as to why, however, I never really noticed it before this assignment. I go to the CVS on Battleground because it is convienant and it is just what I am used to. The location is good because it is in the middle of Battleground, so many people pass it on their way to work, or on their way home. Because it is such a central location, it is easy for families or anyone on the go to just stop by and get what they need.
The inside layout is great because it is pretty much the same for each CVS you go to, which is always nice because it gets you in and out quicker. As many other retailers of this type, the checkout has many basic/staple things to make you linger, as well as help the impulse purchasing. It often has many magazines that you will read while you are in line, and then when it is your turn you want to finish the magazine so you will purchase it. The checkout is also where the impulse candy buying is done. It is a stress reliever for many, but many young kids nag their parents until they buy it for them.
I love CVS because it is convienant and a quick stop as mentioned before; however, the only downfall to this location is the parking and traffic. Yes, it is a good spot and everyone can see it while they are traveling to place to place, however it is a nightmare to get both in and out of the parking lot. There is a dip in one of the entrances, as well as is close to another turn lane which ive seen many close call accidents occur. If you exit at the other direction, there is a stop sign right by the pharmacy drive thru that you can't really see from the opposite direction. This is the only downfall to the store that ive seen, so if the parking area was different, that would be the only change I would make to hopefully increase customers. Otherwise, CVS is doing a great job with its service and layout!
Thursday, March 19, 2009
Thursday, March 5, 2009
Failed Retailers
As most everyone is aware of, many retailers have gone down hill recently, mainly due to our economic crisis right now. Some are in trouble, while others lost everything and went bankrupt. Most of this has just been in the past several months, which has shocked many people.
A main reason why all of the retailers that have failed in the past few months did not survive is said to be because they did not have an "adequate e-commerce system" in place. Executive Chairman at Regent Partners, Peter Rowell, agreed and said that this was "probably no surprise" that not a single one of the organizations had a decent online platform and is why they are struggling now, or failed completely. He also noted that many of the traditional retailers are doing well at the moment, but may have to tweak when necessary to keep up with the recession. Also, Tennon Recovery recently spoke out about this same issue. They recently claimed that retailers can risk failure if they do not have a good e-commerce website in place, because these days the medium offers lower costs and better customer reach than other channels. I totally agree with this because in the day and time we live in now, it is all about convenience and everyone is always with their computers. It also helps, especially the younger generation and the business world to have the updated websites because we are constantly on the go, but the one thing we always check is our computers. If we are not able to virtually see something these days, a lot of times we are not interested.
Another reason a retailer might go down is because since were all about saving time these days, and convenience is key, people like to go to a one stop shop to get essentials. This is not entirely the retailers fault if those are the products they are selling, but they can do other things such as advertising and keeping up with the e-commerce, as stated above, that could help them. A retailer that I am aware of that has recently gone bankrupt is Linens n Things. Because of the time crunch and also saving money, people have been shopping for their bedding at other places such as Target. There may not be as much of a selection choice, but it is cheaper and a quicker stop. Other bedding places are still doing fairly well, such as Bed, Bath, and Beyond; so whatever they are doing is obviously working. Even if you are a successful retailer, the overall population is drastically cutting back on everything. Though you may still have enough to survive, does not mean that you will gain much profit. During the holidays many retailers discounted their items to practically nothing and are doing ok, but at that rate will not continue for long.
At times like these if you are a retailer and want to succeed, you should always go above and beyond, even if you are well known, because you never know what can happen!
http://www.pureinnovation.com/view-news/2009-02-13/193/lack-of-ecommerce-at-failed-retailers-unsurprising/
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/01/09/BUP2154PT3.DTL
A main reason why all of the retailers that have failed in the past few months did not survive is said to be because they did not have an "adequate e-commerce system" in place. Executive Chairman at Regent Partners, Peter Rowell, agreed and said that this was "probably no surprise" that not a single one of the organizations had a decent online platform and is why they are struggling now, or failed completely. He also noted that many of the traditional retailers are doing well at the moment, but may have to tweak when necessary to keep up with the recession. Also, Tennon Recovery recently spoke out about this same issue. They recently claimed that retailers can risk failure if they do not have a good e-commerce website in place, because these days the medium offers lower costs and better customer reach than other channels. I totally agree with this because in the day and time we live in now, it is all about convenience and everyone is always with their computers. It also helps, especially the younger generation and the business world to have the updated websites because we are constantly on the go, but the one thing we always check is our computers. If we are not able to virtually see something these days, a lot of times we are not interested.
Another reason a retailer might go down is because since were all about saving time these days, and convenience is key, people like to go to a one stop shop to get essentials. This is not entirely the retailers fault if those are the products they are selling, but they can do other things such as advertising and keeping up with the e-commerce, as stated above, that could help them. A retailer that I am aware of that has recently gone bankrupt is Linens n Things. Because of the time crunch and also saving money, people have been shopping for their bedding at other places such as Target. There may not be as much of a selection choice, but it is cheaper and a quicker stop. Other bedding places are still doing fairly well, such as Bed, Bath, and Beyond; so whatever they are doing is obviously working. Even if you are a successful retailer, the overall population is drastically cutting back on everything. Though you may still have enough to survive, does not mean that you will gain much profit. During the holidays many retailers discounted their items to practically nothing and are doing ok, but at that rate will not continue for long.
At times like these if you are a retailer and want to succeed, you should always go above and beyond, even if you are well known, because you never know what can happen!
http://www.pureinnovation.com/view-news/2009-02-13/193/lack-of-ecommerce-at-failed-retailers-unsurprising/
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/01/09/BUP2154PT3.DTL
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