Retail Strategy of Starbucks

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RETAIL STRATEGY OF STARBUCKS BY AAMIR HUSSAIN CHANDIO AKSHAY KUMAR ROHRA FAWAD AHMED JAMALI

Transcript of Retail Strategy of Starbucks

Page 1: Retail Strategy of Starbucks

RETAIL STRATEGY OF STARBUCKSBY AAMIR HUSSAIN CHANDIO

AKSHAY KUMAR ROHRA FAWAD AHMED JAMALI

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OUTLINE STARBUCKS? RETAIL STRATEGY RETAIL FORMAT SUSTAINABLE COMPETITIVE ADVANTAGE COMPETITOR ANALYSIS

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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”

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RETAIL STRATEGY

Retail Strategy Elements > Target Market > Competitive Advantage > Retail Mix Elements

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TARGET MARKET

Demographic Segmentation (Adult, Youth, Child) Geographic Segmentation Psychographic Segmentation

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RETAIL MIX LOCATION Planned Locations (Shopping Malls, Resorts, Airports etc) Unplanned Locations (Free Standing, City Hubs, Main Market

etc) Other Locations Brick & Click Stores

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RETAIL MIX Merchandise 87000 Combinations of Drinks Deep Merchandise Assortment Locally Valuable Drinks Food Items Equipments Brands

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RETAIL MIX PRICING Value Based Pricing Strategy Price Hike For Profit Maximization Selective Price Alteration

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RETAIL MIX

STORE DESIGN AND DISPLAY In-house Design Studios Design Concepts Layout Lightings Product Display

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RETAIL MIX COMMUNICATION MIX Less Than 1% Revenue On Advertising Holidays Happy Hour Coupons My Starbucks Card

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RETAIL MIX CUSTOMER SERVICES Trained Baristas Payment Options Free Wi-Fi

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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

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COMPETITORS Dunkin Donuts McDonalds Costa Coffee Coca-Cola

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