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Big City Small Target Jennifer Brieke, Ashleigh Becker, Caitlin Burns, Catherine Bruno, Kathleen Kroll, Zack Ruman
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What is a CityTarget? Characteristics of CityTarget: Initial Opening – July 25 th 2012 Urban Cities New York City, Las Angles, Chicago, Seattle, San Diego, Atlanta, Miami, Portland Average Store Size – 60,000- 80,000 sq ft Stores Carry Grocery, Pharmacy, Apparel and Accessories, Electronics, Toys & Apartment Essentials
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Problem Identification How can Target continue to deliver an excellent customer experience and offer products that meet customer demand in an urban area?
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5 C’s – Company About Target Founded in Minnesota – 1902 1,795 stores 37 Distribution Centers 17 Owned Brands, 22 Exclusive Brands Refer to customers as “guests” Over 340,000 employees known as “team members” Brain Cornell – CEO since Aug 2014 Average Store Size – 55,000 sq ft Recognized as a leader in innovation across the retail industry Gives 5% of total profit to community partners
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5 C’s – Customer Orlando Market: Average age of customer – 38 Average income - $50,000 - $60,000 38% have a college degree 47.1% are working professionals Population - 275,000+ Target’s Target Market Average age of customer – 40 Average income - $64,000 57% have a college degree 43& have children
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5 C’s – Competitors Primary Competition: Amazon Sears Wal-Mart Publix Secondary Competition: Best Buy Costco Kohl’s Macy’s Safeway Convenience Stores
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5 C’s - Collaborator Designers TOMS, Lilly Pulitzer, Neiman Marcus Distributors Employees Shareholders
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5 C’s – Context PESTEL Analysis: Socio-Cultural – people are moving to cities Technological – continually updating systems, store card readers with chip-enabled smart-card technology, Cartwheel App
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SWOT - Strength Target is a well known and reliable brand High capital expenditure Previous established CityTarget’s across the nation Strategic positioning of store locations Established phone application user base Chicago, IL San Francisco, CA
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SWOT - Weakness Limited floor and storage space due to pre-existing infrastructures Parking availability is limited CityTarget brand recognition is narrow Restocking products Employee scheduling during peak hours Breach aftermath still in affect High initial investment High fixed costs * Seattle, WA CityTarget – Yelp Review
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SWOT - Opportunities Limited competitors in the urban area supermarket industry Ability to adapt to local market and culture Expansion of fresh-to-purchase items (convenience goods) Tourist destination Free parking with purchases
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SWOT - Threats Limited customer base Reduced traffic during 9AM-5PM hours (with the exception of lunch) Lack of product knowledge regarding ready to eat food options High homeless population gathering outside stores
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Our Task Introducing a CityTarget to Downtown Orlando
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Survey Results Majority of respondents Between 18-34 years old Household income - $30,000 Monthly shoppers at Target Favorite Departments – clothing, groceries and household supplies Shop online once a month
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Store Kiosks Customer Experience Create a CityTarget Mobile Application Alternatives
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Recommendations Enhancing the Customer Experience Informative Signage Eye Catching Designs Diverse Product Mix Customer Service Local Feel Kiosk and Application Integration Educating customers and employees
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Log into your Cart Wheel Account Username: dreamteam@target.com dreamteam@target.com Password: ******** Sign in as a guestSign up to save! Integrated KIOSK Process
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Clothing Homegoods Groceries Electronics Pharmacy Cart (2) Rewards (15 pts) Search for a similar item Order an Item to store Scan for Price/Promotion Integrated KIOSK Process
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Scan your item ticket below Integrated KIOSK Process
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What we have in store Order Online for next day store delivery! Integrated KIOSK Process
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Other Members Also Liked.. SKIP Integrated KIOSK Process
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Your item is located on Level 1 in the Petite Junior Clothing Department Your fabulous skirt! Integrated KIOSK Process
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Log Out & Open App on your phone to guide you to your item. Go Back to home screen Integrated KIOSK Process
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Education Customer Education Educational videos on the kiosk Employee interaction education Employee Education 2 hour training program
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Marketing Mix - Place Downtown, urbanized business location Fit in with local culture and architecture
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Marketing Mix - Product
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Recommended: Household Essentials Food & Pet Supply Apparel & Accessories Electronics Home Furnishing & Décor Pharmacy Marketing Mix - Product Not Recommended: Large family size items Lawn care Limited infant merchandise
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Marketing Mix – Promotion Campaigns Digital Marketing Campaigns Facebook, Twitter, Instagram, Pinterest, Google+, Emails Promotional Campaigns Google Ad Words, Facebook and Twitter Ads Traditional Marketing Campaigns Billboards on buildings, Bus Ads, Radio, Television, Magazines Local Campaigns Magic, Solar Bears, Orlando City Soccer Themed
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Marketing Mix - Price RecommendationMathPrice Kiosk Software1,500 per Kiosk X 7 Kiosk$10,500 Mobile Phone Application Updates $25,000 Employee Training of software 100 Employees X 2 hours X 8.05$1,610 Promotions (billboards, social media, signs, etc) $100,000 for the 1 Year$100,000 Remodel of store for the "Target Experience" $1.2 Million TOTAL$1.4 Million
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