Retail Strategy of Starbucks
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Transcript of Retail Strategy of Starbucks
RETAIL STRATEGY OF STARBUCKSBY AAMIR HUSSAIN CHANDIO
AKSHAY KUMAR ROHRA FAWAD AHMED JAMALI
OUTLINE STARBUCKS? RETAIL STRATEGY RETAIL FORMAT SUSTAINABLE COMPETITIVE ADVANTAGE COMPETITOR ANALYSIS
STARBUCKS? Primarily A Coffee House Biggest Customer Share Around 21000 Stores Worldwide Established In 1971 Mission Statement
“To inspire and nurture the human spirit – one
person, one cup and one neighborhood at a time”
RETAIL STRATEGY
Retail Strategy Elements > Target Market > Competitive Advantage > Retail Mix Elements
TARGET MARKET
Demographic Segmentation (Adult, Youth, Child) Geographic Segmentation Psychographic Segmentation
RETAIL MIX LOCATION Planned Locations (Shopping Malls, Resorts, Airports etc) Unplanned Locations (Free Standing, City Hubs, Main Market
etc) Other Locations Brick & Click Stores
RETAIL MIX Merchandise 87000 Combinations of Drinks Deep Merchandise Assortment Locally Valuable Drinks Food Items Equipments Brands
RETAIL MIX PRICING Value Based Pricing Strategy Price Hike For Profit Maximization Selective Price Alteration
RETAIL MIX
STORE DESIGN AND DISPLAY In-house Design Studios Design Concepts Layout Lightings Product Display
RETAIL MIX COMMUNICATION MIX Less Than 1% Revenue On Advertising Holidays Happy Hour Coupons My Starbucks Card
RETAIL MIX CUSTOMER SERVICES Trained Baristas Payment Options Free Wi-Fi
SUSTAINABLE COMETITIVE ADVANTAGE More And Less Sustainable
Competitive Advantages
MORE SUSTAINABLE
LESS SUSTAINABLE
o Customer Loyalty o Technology
o Bargaining Power o Merchandise Assortment
o Saturated Stores o Cleaner Environment
COMPETITORS Dunkin Donuts McDonalds Costa Coffee Coca-Cola