Payless ShoeSource is an American discount footwear retailer founded in Topeka‚ Kansas in 1956 by brothers Louis and Shaol Pozez that is owned by Collective Brands‚ Inc‚ on a revolutionary idea - selling shoes in a self-select environment. In 1961‚ it became a public company as the Volume Shoe Corporation which merged with the May Department Stores Company in 1979. More than 50 years later‚ Payless continues the self-select model combined with leading customer service to provide a fun and engaging
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pricing.In this case‚ the product mix pricing strategy Payless use is product line pricing . Product line pricing is setting the price steps between various products in the product line based on cost differences between the products‚customer evaluations of different features and competitor’s prices.Payless have strategy product line‚ from one comprised almost entirely of store brands to one dominated by well-known national brands. Payless now sells shoes under numerous brand names that it either
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SWOT Analysis: Payless Shoe Source Michelle Parker Management 303/RM111 Mrs. Rhonda Jordan March 19‚ 2012 Payless Shoes history‚ begin over 56 years ago‚ by two well known cousins name Louis and Shoal Pozez in Topeka‚ Kansas. Louis and Shoal wanted to make fashionable shoes accessible to customers who didn’t want to spend a lot of money. They originated the concept of putting the shoes on the shelves where customers could browse the styles and sizes. Our product and our self-selection
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2.) Psychological pricing and reference pricing both apply well to the strategy that payless employs. Before purchasing‚ consumers think about which prices are suitable for specific products that are available. When consumers see a high priced product‚ they would expect to see the product to have certain characteristics that stand out from items that are available at a lower price. Payless catches the buyer’s attention by displaying products as a very high quality product‚ so the consumer assumes
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PAYLESS SHOESOURCE Paying Less for Fashion BACKGROUND Payless ShoeSource‚ Inc. is the largest footwear retailer in the United States. The company operates about 4‚700 stores in all 50 states as well as Puerto Rico‚ Guam‚ Saipan‚ the U.S. Virgin Islands‚ Canada‚ Central America‚ the Caribbean‚ Ecuador‚ and Japan. It also sells footwear via the Internet at www.payless.com. Payless has built its success by offering a large selection of shoes at very low prices‚ most selling for less than $15
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Payless Shoe Source is a discount footwear retailer with over 4‚572 retail stores in 15 countries. This company does not only focus on providing different fashion possibilities for the family at a great price‚ but distinguishes themselves by offering an engaging‚ easy-to-shop experience and outstanding customer service. Our group chose this company to blueprint because it has a very elaborate customer service process. This company focuses heavily on providing the customer with a great shopping experience
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DPCCE Pl Pl Plan 2005-2010 TI NG GI MI NI RIAN TE EN TIO N M A L AY S I A F HIGHER ED UC A PENG AJ N O RY ST IA Engaging Industries Empowering Communities KE M Department of Polytechnic and Community College Education TI NG GI MI NI RIAN TE EN TIO N M A L AY S I A F HIGHER ED UC A PENG AJ N O RY ST IA F O R E WOR D DIRECTOR GENERAL DEPARTMENT OF POLYTECHNIC AND COMMUNITY
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Strategic Plan‚ Part I Mission‚ vision‚ and value documents offer guidance theories to make organization’s strategic plan. Companies make their corporate‚ business‚ and tactical strategies as well as goals. The provided document gives a comprehensive research on the mission and vision statements of Ace Gym and how are these documents useful in developing the company unique and effective from its rivals. It will additionally spotlight key values through mission and vision declaration. These values
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Running Header: Strategic Plan Part II Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals HCS 586 March 5‚ 2012 Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals Strategic planning can dictate the success of any organization if properly planned as well as the failure of an organization if not implemented as planned. Strategic planning is all about making choices. It is a process designed to support leaders in being intentional about
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Strategic Plan‚ Part I: Conceptualizing a Business By Cynthia Williams BUS/475 - INTEGRATED BUSINESS TOPICS Instructor: RONALD STORM Name of Store: My Legacy Closet Treasures Mission Statement: “Where Old Legacy Become New Treasures.” There are important considerations when developing the strategic plan. The vision‚ mission and values that is highly important to any planning of a new business. These are the factors that will work together to provide a well-rounded strategic design
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