Tommy Hilfiger meets Walmart

Essay specific features

 

Issue:

Business

 

Written by:

Lucy T

 

Date added:

October 20, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2461

 

Was viewed:

5233 times

 

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Essay content:

By 2001, they reported their fiscal year sales to be $3.3 billion, $231 million or 7% was in clothing sales. Over that two year span, their clothing sales increased by 297%, and represented 4% more of the corporation's total sales. In addition to helping spike sales, the designer products have been crucial to Target's image, which has evolved into something quite different from its competitors, Wal-Mart and Kmart (the No...
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1 and 2 discounters). When asked of his opinion regarding Target's strategy, Marshal Cohen, president of NPD Fashion world, a market research company specializing in fashion retail said, "Even if designers do not sell a lot of product, they're able to escalate the image of Target to attract customers who wouldn't normally shop at a place like that...
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