Preview

Blue Nile Inc Case Study

Powerful Essays
Open Document
Open Document
1241 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Blue Nile Inc Case Study
Blue Nile Inc. in 2010: Case Study
Zachary Williams
Missouri Southern State University
MM452-Strategic Management
Dr. Moos
February 23, 2015

Table of Contents
Competitive Forces confronting Blue Nile and other online retail jewelers 3
Key Factors to a Company’s Success in the Market 4
Blue Nile’s Strategy 5
Blue Nile’s Business Model 5
SWOT Analysis of Blue Nile 5
Analysis of Blue Nile’s Financial Performance 6
Strategic Issues and Problems Blue Nile Must Address 6
Recommendations 7

Blue Nile Inc. in 2011-Case Study
Blue Nile Inc. is an online retailer of certified diamonds and fine jewelry. Blue Nile has grown to be the world’s largest online retailer of such items. Blue Nile has found success in the online market by offering the best diamonds and jewelry to customers at low prices. Mainly selling engagement rings, Blue Nile also specializes in customizable jewelry designed to be worn for everyday use along with higher-priced items designed for the special occasion. In a market that totals $145 billion dollars worldwide and $65 billion in the U.S alone, it is a major feat for Blue Nile to have found their success, especially with the numerous competitors offering similar

You May Also Find These Documents Helpful

  • Good Essays

    Diamonds Direct earned a reputation for excellence in Florida as they are the company known for rejecting 99 percent of diamonds they inspect, finding only one percent to be adequate for their needs. The company recognizes that not everyone wants a diamond, however, and has expanded to offer many other items, such as Pandora charms and bracelets, Burberry pieces and Charles Krypell Jewelry in Florida. Individuals visiting this jeweler discover finding the perfect piece has never been easier, thanks to the variety offered and the friendly, helpful staff. Anyone in the St. Petersburg area should be sure to check this retailer out.…

    • 517 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Sparkle Company is a Nigerian diamond company owned by U.S. established companies, during 2009 had the subsequent transactions:…

    • 1571 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    ABC Inc. Case Study

    • 620 Words
    • 3 Pages

    ABC Inc. has put together an education expense reimbursement program for qualifying employees. By signing this agreement, you agree to the terms and conditions of the program.…

    • 620 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Foxy Originals owners, Kluger and Orol, are the company’s greatest assets. Orol’s parents owned a successful metal manufacturing company that specialized in making medals and jewellery. Orol became familiar with the most effective and efficient jewellery production methods. Kluger had been designing and selling her own jewellery since she was fifteen. Kluger’s experience in jewellery fashion and design helped the company stay ahead of the latest trends in the ever-changing jewellery market. Orol and Kluger’s extensive experience in jewellery design and production gave their company the strength it needed to compete in the brutal high-end jewellery market. In addition, one of company’s key strengths is its ability to produce high-end jewellery while keeping production costs at a minimum. By combining high quality with low prices, Foxy Originals was able to gain market share at an unprecedented rate. Gaining a decent market share gave the company the brand recognition it needed to secure shelf space at 250 boutiques nation-wide. A strong market presence has translated into a healthy financial gain that allows the company to continue its current operations while exploring expansion…

    • 1880 Words
    • 8 Pages
    Good Essays
  • Good Essays

    blue nile case analysis

    • 921 Words
    • 4 Pages

    -Online diamond retail can be very profitable and attractive venture. Blue Nile has recorded strong growth with very little cost…

    • 921 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Today, Tiffany is a high-end jeweler and specialty retailer. The single most important asset of the company is the Brand. The strength goes beyond the trademark, and is driven by how consumers perceive it. Management believes that consumers associate the Brand with high-quality products, elegant stores and online environment, and their custom packaging- the Tiffany & Co. Blue Box. Going forward, it is management’s goal and business plan to maintain and continue to strengthen the company’s Brand.…

    • 3511 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    It was good seeing you again yesterday, and I appreciated the opportunity to review and present the Rubicon Case Study to you and the team. I think the way you and the team did the case study is extremely interesting as it gives the chance to see firsthand the actual types of companies you are considering for investments. I acknowledge that given timing I was not able to review everything to near the level I would normally, and I am more than happy to answer additional questions on any part of the case that may arise as you review. Regardless of how the process turns out, if you have some time in the next couple weeks to grab a quick coffee or play some basketball, I would be extremely interested to get your take on Rubicon and how…

    • 165 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Blue Nile’s Strategy for success in the marketplace is to increase Blue Nile recognition and create more customer traffic. They want to build a brand loyalty among their customers to encourage repeat purchases. Blue Nile has both online and offline advertising. They offer a wide range of high quality diamonds to appeal to more buyers. Also to keep their pricing competitive.…

    • 606 Words
    • 3 Pages
    Good Essays
  • Good Essays

    As Bay Street Corporation employees, we have been researched and learned about the stock market. Now with the inherits of $1000,000, we have decided to invest in the stock market. As partners, we have divide the money into four different sectors of the market, with 25 per cent invested in each. We have chosen the following sectors: technology, real estate, financial services and …..…

    • 518 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Big Drop Inc. is a corporate web design firm that has a diverse team of talented individuals who strive to make a memorable impression by developing a heartfelt relationship to aid in helping to solve their client's dilemmas. The team from Big Drop Inc. work one-on-one with their clients and give them with clever solutions that will cater to their main area of business. Their team is dedicated to expanding their clients' business potential while becoming their go-to, trusted partner for their continual…

    • 84 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Charlie’s approach to quality is to prevent defects and achieve zero defects. He would show employees how to do the job right. He could show employees all his proven methods for closing a sale. The goal is to solve and eradicate from the beginning all quality-related problem and to live a philosophy of continuous improvement in the way the company operates. It is a more complete approach to achieving total quality. Charlie could also want to build a base of loyal clients. An important dimension of service quality is making it easy and enjoyable for customers to experience a service or to buy and use products. It shows the high quality of the company to its customers. Customers can get what they want or need, when they need it. The quality service provides the company to gain the competitive advantage. Because of the approach, the company can expand his territory easily. Charlie’s approach has the positive influence on his company’s performance.…

    • 902 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Alibaba Case Study

    • 628 Words
    • 3 Pages

    1. Identify a product you would like to import. Visit www.alibaba.com, go to the advanced search field, and enter it. Select required criteria and click on “Search.” Review the list of companies that qualify. Find a suitable seller. Analyze this process for ease, usefulness, and potential value.…

    • 628 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Diamond and Fine Jewelry industry has significantly changed since launching the Blue Nile’s webstore. Blue Nile offers certified diamonds and fine jewelry at prices substantially below traditional retail with the highest quality and their true success is in result of well-organized EC, which offers education, guidance and expertize opinion on all products (via phone, email or life chat). Their online catalog with a variety of 70,000 round diamonds with customized options beats any physical store’s inventory and at the same time grooms save between $3,000 and $5,000 when proposing.…

    • 373 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Case Study Of Alibaba

    • 1945 Words
    • 8 Pages

    As we all know, the scope of business in Alibaba is from C2C to B2C, which is from pay to finance(Olson, P 2014). But in the field of mobile Internet, Alibaba has been lacked of support. If it can effectively stabilize its market position and long-term advantage, which has been the focus of Alibaba's strategic thinking. Indeed, Sina Weibo and Momo were taken over by Alibaba, which the two social heights occupied can help to make up for the short board of Alibaba's social networking. And it also help Alibaba closer to the distance between the rival Tencent in social networking(Olson, P 2014). Especially Sina Weibo, on the one hand, it has a large data collection that is expanded from consumer behavior to social behavior, which can help Alibaba…

    • 1945 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    In order to get the products to the costomer, Habib Jewels Sdn Bhd has acted as a wholesaler. The owner in the first place started out buying jewelry by wholesale or auction of the pawnshop after the expiration of the lease. Habib Jewels Sdn Bhd has now became one of the largest diamond purchasers in Malaysia covering clients not only from our own country but also from Indonesia, Brunei, Singapore, United States and also Europe. Other than that, the company also manufacture its own gems and diamond. Personally going to Mumbai, Belgium, and U.S.A to obtain supply which then designed and manufactured by their pool of local expert jewellers.…

    • 460 Words
    • 2 Pages
    Satisfactory Essays