Bass Pro Shop (Outdoor World) is a private retailer known of selling hunting, fishing and camping gear related to all outdoor and recreational activities that started in Missouri in 1972.…
Bernie Marcus and Arthur Blank founded the Home Depot in 1978. Along with investment banker Ken Langone and merchandising expert Pat Farrah, the founder’s vision of one-stop shopping for the do-it-yourselfer became a reality when they opened the first two Home Depot stores on June 22, 1979, in Atlanta, Georgia. The first stores, at around 60,000 square feet each, were enormous warehouses that dwarfed the competition and stocked 25,000 SKUs, much more than the average hardware store at that time. Empty boxes piled high on the shelves gave the illusion of even more product and in only one year they opened a 4th store in Atlanta and the company had annual sales…
The company was founded in 1948 by Dick Stack at the age of 18. Stack came up with the idea while working at an Army surplus store in Binghamton, New York. The owner wanted to get Stack’s opinion on whether it would be a good idea for the store to offer fishing bait and tackle gear. Stack immensely approved and composed a marketing plan on his own time. When he presented his plan to the store owner, he was shocked at his boss’s rejection and his comments that Stack “would never make a good merchant.” While nursing his wounded pride after hearing the comments from his boss, Stack’s grandmother gave him three hundred dollars to start his own business and encouraged him to pursue his dreams. As an avid fisherman, Stack opened his own bait and tackle shop in Binghamton and by 1958 he expanded the product line to include most of the things you can find in Dicks Sporting Goods stores across America today. In 1984, Dick Stack retired and his son, Edward, took over the company and began the massive expansion of the store into a sporting goods superstore. Today, Dick 's has “451 stores in 42 states, 81 Golf Galaxy stores and an online site”. (wikipedia)…
2. In analyzing the profitability of ratios for Harrods’s Sporting Goods, we observed that for the years 2007 and 2008 there were a higher return on sales dollars of 5% when in comparison to that of the industry average of 4.51 %. In 2009, Harrods’s Sporting Goods experienced a slightly decrease on its ROS with 4% below the industrial average of 4.5%' We also noticed that, Harrods’s Sporting Goods ROA for the years, 2007,2008,2009, was good as they were able to obtained an increase(6%,7% and 6%) above the industry average of 5.10% ,meaning they had a rapid turnover. With this information, the industry ratio produced a turnover on assets of 1.33 times in 2009. On the other hand, Harrods’s Sporting Goods generated a 1.43 times in2009 according to its ratio of sales to total assets in the same year. In conclusion, the fact that Harrods Sporting Goods produced a better average than the industry ratio in terms of sales per dollar of assets puts them in a better position to stay in businesses.…
Bass Pro Shops were created out of frustration of a fisherman that could not find any tackle in his town. So in 1971, Johnny Morris rented a U-Haul and headed across America filling the truck with the newest tackle as he went. Once Johnny had finished, he returned home to Springfield, Missouri, and started his own fishing business with eight feet of space in his father’s liquor store (Bass pro shops, 2012). This became a starting point for many fishermen in the Ozark’s famous bass lakes. In 1974, after much demand, Johnny created a catalog that started his business booming. Today, there are 65 Bass Pro Shops in the world as well as catalog and Internet shopping available. This was a new and exciting business for the sportsmen from all over the world until September 2011.…
The first Wal-Mart store was opened in Rogers Arkansas in the Year 1962. From Wal-Mart’s company website a common misconception people have in regards to discount retailing is put to rest. That being this was the year it all started, When Kmart, Target, and Wal-Mart first opened. In actuality however, the chain of variety stores Sam Walton owned during the 1950’s faced stiff competition for many regional discount stores. In 1972, Wal-Mart stock was offered for the first time on the New York Stock Exchange. With this infusion of capital, the company grew to 276 stores in 11 states by the end of the decade. Also from the company’s official website, it is important to note that in 1983 the first Sam’s Club members-warehouse store opened. The first Supercenter opened in 1988, featuring a complete grocery, and 36 departments of general merchandise. By 1989, there were 1,402 Wal-Mart stores and 123 Sam’s Club locations. Employment had increased tenfold. Sales had grown from $1 billion in 1980, to $26 billion. Wal-Mart’s company website states that Today, 7,262 stores and club locations in 14 markets employ more than 1.9 million associates,…
Established in 1978 by Bernie Marcus and Arthur Blank, the Home Depot Corporation opened its first store in Atlanta, becoming the world’s largest home improvement retailer. They are now the second largest retailer in the United States, offering 40,000 to 50,000 different types of home improvement supplies, building materials, and lawn and garden products. They carry a wide assortment of low-cost products, and offer expert advice and exceptional customer service.…
The mission statement of Bass Pro is short and right to the point of what they want to convey and do for their customers. Their mission statement is, “To be the leading merchant of outdoor recreational products inspiring people to love, enjoy, and conserve the great out doors.” They support their mission statement by offering a wide variety of outdoor recreational tools and gear for beginners to experts. They also have very well trained and knowledgeable staff members to assist customers with their needs.…
The Home Depot is in the home improvement business and their goal is to provide the highest level of service, the broadest selection of products and the most competitive prices. Home Depot is a values-driven company. The above sentence is the mission statement of The Home Depot. The mission statement itself reveals what kind of standard The Home Depot is looking for.…
Home Depot, Inc. first opened its doors in June of 1979 in Atlanta, Georgia under the owners of Bernie Marcus and Arthur Blank. They had the vision of a one-stop shop for every need a do-it-yourself customer might have. The first few stores were around 60,000 square feet and they used empty boxes to give the illusion of more products on their shelves. Home Depot quickly became a popular home improvement warehouse throughout the country and revolutionized the do-it-yourself industry. Home Depot’s goal is to help consumers find the products perfect for their renovations or home projects by providing excellent customer service. Since the beginning their associates have provided superior customer service to their customers by offering free classes where customers can learn how to do it themselves. The store associates also underwent rigorous training in order to be knowledgeable about the products Home Depot stocks. Home Depot has a “whatever it takes” philosophy when it comes to customer service, meaning they want their associates to form a more personal relationship with their customers instead of just treating them like walking money signs. They also offer expert support services for contractors and tradespeople to guarantee that they have the right tools to complete the job in an effective and timely manner.…
The Home Depot is the largest home improvement retailer in the Unites states with 2252 stores across the globe and the fourth largest retailer. Home Depot is a Fortune 500 company currently ranked number 35.The home depot was founded in 1978 by Bernie Marcus, Arthur Blank and Pat Farrah.Today, Home Depot‘s stores stock up to 35000 different kinds of building materials and lawn and garden products. The chief executive officer (CEO) and chairman of Home Depot is Frank Blake .Headquarter of Home Depot is located in Atlanta, Georgia, as of by January 2011, the company employed 321,000 employees .Based on information reported in Home Depot’s Annual balance sheet and Annual Income statement for fiscal year ending 2012, my financial analysis will explain where the company currently stands in comparison to a major competitor, Lowe’s.…
The portrayal of science vs. witchcraft and superstition as seen in King Solomon’s Mines is that…
Bass Fishing is one of America’s most famous pass times and started with very humble beginnings. Bass fishing became popular soon after George W. Perry caught a twenty-two pound four once largemouth bass. In those days he was only fishing to put food on the table, and his only reward was seventy five dollars in store bought goods as first prize for field and steam magazines fishing contest. This bass set the record in America for bass fishing and has stood for almost fifty years. The official measurements were taken in Helena, Georgia.Bass fishing has sense evolved from what George Perry was used to and is now aided by many newer inventions such as artificial lures and advanced fishing reels. None of these fishing, but were adapted by the fishermen themselves. Bass fishing became more widespread as more and more rivers were dammed for hydroelectricity purposes. As these dams polluted the water they killed most of the river’s trout and salmon. Bass were then imported to replace the trout and to help sustain the ecosystems around these dams. This was an excellent opportunity for fishermen, and was taken full advantage of.…
Sam Walton opened the firs Walmart in 1962 in Rogers, Arkansas with the foundation being that it would offer “The Lowest Prices Anytime, Anywhere” (Walmart Corporate, 2014c), and by 1967 it had over 24 stores and $12.7 million in sales. By 1969, the company was officially incorporated and offered an initial public offering to raise funds to build a distribution center in Bentonville, Arkansas (Johnson & Mark, 2013, p. 3).…
The Home Depot (HD) is the largest U.S home improvement retailer as well as the largest growing retailer in U.S history. The company was founded in 1978 by four men, with a vision for for business with one stop to shop. The company headquarter is in Atlanta, Georgia and has stores in all fifty states.…