January 2016
Intermediate to advanced
480 pages
132h 28m
English
book
Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
by Fred R. David, Forest R. David
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Competitors
The family clothing business in the United States is highly fragmented, with over 20,000 businesses, ranging in size from a mom-and-pop to TJX, which is the largest clothing business based on total revenues. Profit margins are slim in the industry that is valued at $100 billion in annual sales, with profits slightly above $3 billion and a growth rate of less than 2.5 percent. Top competitors in the industry include TJX, Ross Stores, L Brands, Gap, Cato, Stein Mart, and many more. Notable newcomers to the U.S. market include H&M, based in Sweden and popular throughout Europe, specializing in inexpensive but quality clothing. Also, Zara, a fashionable clothing store with inexpensive prices based in Spain, now has U.S. stores.
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