Executive Summary The CEO at West Lake Home Furnishings LTD‚ Charles Bowman‚ came across with a proposal of reducing the retail price of a signature line of decorative lamps from $69.99 to $29.99 for a period of one year. This customer has a large U.S. based retail chain accounted for one-third of West Lake’s wholesale business in 2006. The company had to adjust by holding higher inventory levels in warehouses. West Lake Home Furnishings LTD is intending to stay at top of its business and is
Premium Management Education Psychology
West Lake Home Furnishings Ltd. Written Analysis and Communication - II Instructor Submitted by Section- D 2/08/2008 Date: May 30‚ 2007 To: Charles Bowman‚ CEO‚ West Lake Home Furnishings Ltd.‚ Ontario‚ Toronto. From Subject: Advice on whether to accept the offer of reducing the price of signature product to $29.99 for a year. This report is a summary and analysis of current situation on West Lake Home Furnishings Ltd. (WLHFL) The analysis is based upon the basic objective
Premium Retailing Economics Profit maximization
Overview West Lake was established in Toronto‚ Ontario in 1970 as a manufacturer of table lamps. During the next thirty years since its founding‚ West Lake had extended its wholesale line to involve both floor lamps and lighting fixtures. It opened a retail store in Toronto‚ selling a broad line of lighting and some traditional home decor products. In addition‚ it also began its business online and sells its products directly to consumers. Charles Bowman‚ the CEO of West Lake Home Furnishing Ltd‚ had
Premium Retailing Outlet store Strategic management
ISSN 1940-204X Newport Home: Multichannel Merchandising and Inventory Management Regina M. Anctil University of St. Thomas Opus College of Business P. Jane Saly University of St. Thomas Opus College of Business Introduction furniture‚ are based on classic designs that change somewhat over time. Seasonal products‚ mainly soft goods‚ upholstery‚ and small hard goods‚ change frequently. The introduction of seasonal products has become a year-round job for the company designers
Premium Inventory Cost of goods sold Marketing
A. 2006-2007 Current Ratio = Current Assets/Current Liabilities =(1‚500‚000/2) / (600‚000/2) = 2.5 Quick Ratio = (CA - Inventories)/CL =(1‚500‚000/2)-(950‚000)/2)/(600‚000)/2) = 0.92 NWC to Total Assets Ratio = (CA - CL)/Assets =(1‚500‚000/2)-(600‚000)/2)/(2‚200‚000/2) = 40.9% 2007-2008 Current Ratio = Current Assets/Current Liabilities =(1‚770‚000/2) / (774‚000)/2) = 2.29 Quick Ratio = (CA - Inventories)/CL =(1‚770‚000/2)-(1‚100‚000/2))/(774‚000)/2) = 0.87 NWC
Premium Financial ratios Generally Accepted Accounting Principles Financial ratio
Scandi Home Furnishings Case Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid-2007. Sales during the first full year (2008) of operation reached $1.3 million. Sales increased by 15 percent in 2009 and another 20 percent in 2010. However‚ profits after increasing in 2009 over 2008 fell sharply in 2010 causing Kaj to wonder what was happening to his “pride and joy” business venture. After all‚ Kaj has continued to work as close as possible to a 24/7 pace beginning with
Premium Financial ratios Balance sheet Generally Accepted Accounting Principles
Kaj Rasmussen founded Scandi Home Furnishings as a corporation during mid-2002. Sales during the first full year (2003) of operation reached $1.3 million. Sales increased by 15 percent in 2004 and another 20 percent in 2005. However‚ profits after increasing in 2004 over 2003 fell sharply in 2005 causing Kaj to wonder what was happening to his “pride and joy” business venture. After all‚ Kaj has continued to work as close as possible to a 24/7 pace beginning with the startup of Scandi and through
Premium Denmark Scandinavia Norway
ndia Reports Home Furnishing Industry in India A Chillibreeze Publication | November 2008 Home Furnishing Industry in India Table of Contents 1. Home Furnishings – An Introduction ...........................................................................................4 2. Home Furnishing Industry in India ..............................................................................................4 3. Production Centres – Products Related To Home Furnishings .....................
Premium Furniture Decorative arts Cotton
which can change your personality either better or for the worse. The path to finding your true identity can often be difficult and involve many changes which may change your personality into something you never thought it would be. In “Family Furnishings” we see how the narrator goes from a simple country girl‚ warm and sweet hearted‚ to a cold hearted being. Ultimately the changes she encounters turn her into selfish‚ insensitive person whom is quite content living this way. The subtle changes
Premium Woman Social class Social status
Essay 2 (Final version) Topic: “East or West‚ home is best” A Roman author‚ Plinny the Elder‚ affirmed that home is where our heart is. It is where we are from; where we are long to be at; and where we think of when we are away from it. There is a famous idiom sharing the same idea with the saying above about home‚ which is “East or West‚ home is the best”. Home is the best because it is where we come from. Home is not just a place but old and new memories. Where we are born‚ brought
Free Jane Austen Human 2006 albums