Sporting Goods Store Bill Thompson is the new manager of a retail sporting goods store in Vermont that is part of a national chain. Bill‚ who is 25 years old‚ has been working for the company for four years. Before his promotion he was the assistant manager for two years at a company store in Delaware. Last week he was briefly introduced to the employees by his boss‚ the regional manager. The profit performance of this store is below average for its location and Bill is looking forward to the
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Dick’s Sporting Goods is known for selling all varitey sport equements like exerciseing meashon‚ fishing good‚ hunting products and all sport accessories as well as supplyies. The company was founded in 1948 by Richard Stack. He was currently woking at the Army/Navy store in his hometown which is New York. By the end of World War ll. His grandmother gave him $300 and he rented a store to start the first Dick’s Sporting Goods at that time. Slowly this compay stated to take off and he was expanding
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Solution Team 4 Spencer Sporting Goods 1. Sources of distress for Mr William Spencer: - Low cash balance because of the difficulties in collecting debts from clients - Pressure for prompt payments set by the suppliers - Fear that some of the suppliers can cancel Spencer’s exclusive regional rights - Losing discounts granted for prompt-payments - Keen competition from other distributors - Low performance of the partnerships
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Goodwin Sporting Goods What are the key issues for Jim Jr. and Pam? Peter’s ability is questionable‚ but he is still interested in growing the business. Peter wants to own the business and Fred is looking to get the right amount of his share Business sustainability is the issue; the retail business is not doing so well. Lack of family planning is an issue. The family appears to be a bit spoilt and the expenses on the business are quite heavy. Are there things they could have done to avoid
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Background Outdoor sporting productions manufactured and distributed sporting equipment‚ clothing‚ and accessories nationwide. The company has annual sales volume between $6.2 million to $6.8million with approximately 700 items in its catalog. Those items can be group into three segments: fishing supplies‚ hunting supplies and accessories. Sales Force & Issue Sales forced played an important role in the company‚ since the company doesn’t use any magazine‚ newspaper‚ radio or other media advertising
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in (a) mass merchandisers like Target and Wal-Mart and (b) specialty tennis shops? To gain distribution and sales in large chains‚ Prince uses co-op advertising for in-store circulars‚ point of purchase displays‚ and consumer brochures assisting the retailers set up of Prince Products in their sports (tennis) section of the stores. For small specialty tennis shops‚ Prince issues a supply of demo rackets‚ detailed catalogs‚ equipment fixtures‚ string and racket guides‚ racket hooks‚ and tennis
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REI REI is a sporting good company that specializes in quality outdoor gear. The company started in 1938 as a gear co-op‚ and has grown to include more than 3.5 million active members‚ which it serves through 30 stores‚ as well as catalog and Internet operations. REI has successfully built a competitive advantage through the four generic building blocks of efficiency‚ quality‚ innovation and customer responsiveness. REI has a distinct competitive advantage‚ relying on economy of scale to offer
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Competition Sports Authority: First and foremost‚ a major competitor of Dick’s Sporting Goods is Sports Authority. Sports Authority is an industry leader providing a wide variety of brand-name sporting goods‚ relatively similar to Dick’s. The store’s headquarters is located in Englewood‚ Colorado. According to Yahoo Finance‚ “The company operates over 450 stores in 45 U.S. states very similar to Dick’s 500 stores in 44 U.S. states. As of 2011‚ employment consisted of 14‚250 associates.” Funding
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Case Analysis # 1 FINC 302 Profit Ratios for 2004: Profit Margin= Net income ÷ Sales 193‚200 ÷ 4‚269‚871 = 4.5% Return on Assets a. Net income ÷ Total assets 193‚200 ÷ 3‚170‚200 = 6.1% b. (Net income ÷ Sales) x (Sales ÷ Total Assets) (193‚200 ÷ 4‚269‚871) x (4‚269‚871 ÷ 3‚170‚200) = 6.1% Return on Equity a. Net income ÷ Stockholders Equity 193‚200 ÷ 1‚204‚600 = 16% b. Return on Assets (investment) ÷ (1 – Debt/Assets) .061 ÷ (1 – 1‚965‚600/3‚170‚200) = .061
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“In family businesses‚ the first generation creates‚ the second spends‚ and the third destroys.” - Anonymous Case Study: Goodwin Sporting Goods I – STATEMENT OF THE PROBLEM Given the family situation and the President’s foreseeable retirement‚ should the family business‚ Goodwin Sporting Goods‚ be sold? How can the second generation handle their retirement? (In both situations where the business is sold and when it is not) II – OBJECTIVES 1. To decide whether the family business
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