When we apply the five forces model to Nordstrom’s external environment we are taking a look at the industry of department stores. The five forces include rivalry among competitors, threat of new entrants, threat of substitutes, bargaining power of suppliers, and bargaining power of buyers. Rivalry among existing companies is high for the industry. Some of the competition in the industry is companies like Bloomingdale's, Macy’s, Saks Fifth Avenue, and Neiman Marcus. These companies have been in
Table of Contents Executive Summary 2 1. Introduction 3 2. Need for change in David Jones 3 3. Nature of change in David Jones 5 4. Change strategies for David Jones 6 5. Challenges for managers 12 6. Conclusion 13 7. Reference 14 Executive Summary David Jones has been harvesting success for many years but these are periods where they face market decline and strong competition. The company has a change in the position of CEO and various issues have been identified as the need for change. In addition
Executive Summary Sears is part of the department store subsector of the retail industry, which has had decreasing sales in the past years. The goal of this marketing plan is to increase the sales, and gain market share amongst its competitors, such as Macy’s, Kohl’s, J.C Penney, and Nordstrom’s. Focus in the areas of online sales, teen sales, loyalty program memberships, legacy brand sales, and layaway service participation will help reach these goals. Increasing operational performance, decreasing