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This analysis focuses on Costco's business strategy by examining its strengths, weaknesses, opportunities, and threats (SWOT). The report highlights Costco's competitive advantages, such as low prices and a happy workforce, alongside areas for improvement like membership costs and product variety. Opportunities include expansion into foreign markets and increased eco-friendliness, while threats come from competitors like Sam’s Club and local retailers. Insightful citations and data support the discussion to emphasize the importance of adapting in a changing retail landscape.
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Eli McDaniel Angela Perrone Katie Moore
Strengths • Membership • Sales • Employee’s are happy • Setting industry standards • Low prices • Energy efficient • Return Policy • Samples
Weaknesses Who really needs all that food? Membership Too much pay for employees?
Opportunities • Open on holidays • Bags? • More variety • More food choices...bring back the pretzels! • Target other niches • Foreign markets • Go Greener • Advertise
Threats • Sam’s Club & Wal-Mart • Shopping at local, specialty, and mom and pop stores
Future Jim Senegal • Growth • On-line will boom
Citations • http://en.wikipedia.org/wiki/Costco • http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?pagewanted=1&_r=1 • http://images.google.com/images?q=costco+&svnum=10&um=1&hl=en&start=18&sa=N&ndsp=18 • http://www.gwiv.com/CostcoHotDog1.jpg • http://media.monster.com/xcostcox/Managers_.jpg • http://www.downdeals.com/images/Sams_Wholesale_Club.jpg • http://images.google.com/imgres?imgurl=http://www.cameronlawrence.com/images/wal-mart-image.jpg&imgrefurl=http://www.cameronlawrence.com/index.php%3Fs%3Donight&h=343&w=344&sz=20&hl=en&start=7&um=1&tbnid=bQFK7XQff1AtoM:&tbnh=120&tbnw=120&prev=/images%3Fq%3DWal-mart%26svnum%3D10%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26rls%3Dorg.mozilla:en-US:official%26sa%3DN • http://www.getmoreofwhatyoulove.ca/images_upload/live/couponsweek8east.jpg