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The Book Bin Marketing Selection and Retail Location Analysis Jeff Briggs, Kelly Campbell, Thusitha Gunawardana
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What is Book Bin? Buy/Sell used books. Website: http://www.bookbin.com/http://www.bookbin.com/ Located in Corvallis at: 215 S.W. 4th Street, Corvallis, OR 97333 Also located in Albany, Salem, Hawaii, The South Pacific Islands, The Philippines, and Southeast Asia. This presentation will focus on the Corvallis store.
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Marketing Selection Market Segmentation – dividing the entire consumer market into smaller groups based on their buying behavior and other demographics Retailers need to focus on one or a few target groups as opposed to all in order to meet the needs of their customers Target market – the primary group to which the retailer focuses on
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Marketing Selection – Book Bin Primary Target Market: Students Secondary Target Markets: Downtown shoppers, Corvallis residents in general Store-Based Competition: Borders on 9 th, OSU Bookstore, Grassroots Nonstore-Based Competition: Amazon.com, BarnesandNoble.com
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Location Types There are six major location types for retailers: Central Business Districts (CBD) Secondary Business Districts (SBD) Neighborhood Business Districts (NBD) Shopping Center (mall) Anchor Stores Free Standing Retailer - Professor Elton
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Book Bin Location The Book Bin is located in a Central Business District (CBD). Usually consists of an unplanned shopping area around the geographic point at which all public transportation systems converge; it is usually in the center of the city and often where the city originated historically.
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Selecting Location Identify the most attractive markets in which to operate Identify the most attractive sites that are available within each market Select the best sites available - Professor Elton
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Book Bin Location - CorvallisLocation College town Good market for used books Well populated area Transportation nexus Central shopping location Nice retail space
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Bibliography Interview with “Lee the Manager” at Corvallis Book Bin http://www.bookbin.com/ Google maps: http://www.google.com/maps?hl=en&tab=wl &q= http://www.google.com/maps?hl=en&tab=wl &q Elton’s Chapter 7 slides: http://classes.bus.oregonstate.edu/ba495/sc hedule.htm http://classes.bus.oregonstate.edu/ba495/sc hedule.htm
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