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MessageboardAlte Public ForenThis manufacturers handbags

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13.03.2014, 17:14 email offline quote 

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Ark. flipping its top domestic and international executives Analysts said the move was in part due to problems in Japan is struggling The way it managed [its operations] in Japan didn seem to work at all says Nagatake adding that Wal Mart simply transferred its way of doing business in the United States to Japan a strategy that flopped and maybe for the low income population but in Japan people are very quality oriented To Nagatake it now seems that consumer prices in Japan are beginning to stabilize the last couple of years prices have been holding quite steady He said there was a significant drop in consumer prices throughout the 1990s although the decline was not as sharp as the drop in real estate prices In addition she notes while the nation small mom and pop stores remain entrenched in the future they will consolidate as shop owners die out and their children decline to take over the family business smaller retailers are suffering from a lack of human capital The children have gotten a higher education and have gone off to work in corporationscombined with the fact that they have fewer children than the last generation So the pool of people available to [take over] small retail operations is shrinking Meanwhile regulations which have protected small retailers from large competitors may ease up but most serious problem she says The Appeal of Prestigious Brands Despite its economic problems Japan remains a healthy market for high end luxury brands Hermes the French accessory retailer of prestige scarves and handbags reaps 25% of its sales from Japan For Louis Vuitton another Parisian luxury retailer that figure is 50% according to Takagishi Wharton marketing professor Barbara Kahn points out that Toyota this year will introduce its luxury brand Lexus into its home market for the first time are trying to compete with BMW and Mercedes It all very upscale The salespeople are all well trained and they make the whole car buying process a big ceremony Kahn who traveled to Japan this fall noticed that retail space is now leased to brand name companies loaded with cachet including Armani and Prada is pretty big into brands and prestigious brands Japanese shoppers gravitate to these brands for the same reasons affluent shoppers from any country do is a reflection of status and of your values and tastes In addition to quality service also remains an important component of Japanese retailing adds Kahn I am there I notice the level of service is so high You go into a store and they actually help you It just amazingly great service is like night and day As for supply chain management Japanese retailers have refined their supply chain operations and developed close marketing ties to their customers according to Marshall Fisher Wharton operations and information management professor He points to Seven Eleven the Japanese company that owns 7 Eleven stores in the United States and in Japan Fisher says the company is highly regarded as an innovative retailer in Japan where for example 7 Eleven has focused on improving its tuna supply chain to appeal to Japan discriminating sushi buyers The chain among other things carefully analyzes consumer preferences in tuna such as color and freshness have really made a science of it They have figured out how to slow down the rate the tuna changes color to slow down the aging process of the tuna at least as it is perceived by the customer On the marketing side as Japanese shoppers check out at 7 Elevens employees track sales by the customer gender and estimated age That gives the parent company critical information about buying patterns And 7 Eleven has set up a franchise model to work with Japan popular mom and pop groceries that allows the small operations better access to bulk buying and advertising yet maintains the friendly neighborhood feeling that Japanese consumers value Japanese approach to retailing is similar to their approach to other industries such as autos where their practices have become famous says Fisher is a lot of focus on understanding the consumer getting data and then quickly coming up with for new products such as the tuna example A third important characteristic of Japanese retailing notes Fisher is a strong reliance on employees who work the shop floor In the United States executives at large retailer chains plan elements of the business such as which products to mark down They dictate those plans to low paid front line employees who usually have little advanced education In Japan says Fisher top retail executives rely on highly trained employees in their shops to send information up to them Japanese model is to make the data available to people in the stores and let them make the decisions Management equips them with good training and concepts but the philosophy is that they are present on the firing line and are better able to decide the right course of action says Fisher executives feel that is inefficient It costs a lot to have highly talented people spread across 500 stores Japanese retail management may be a reflection of the nation business culture one that emphasizes speed in responding to short term concerns such as inventory replenishment or developing supply chains but that takes a slower long term approach when it comes to restructuring institutions or financial reform fisher suggests one level there is great emphasis on speed and in other areas it is just the opposite It a little surprising that they are so different day to day versus the long term and the Signature Fendi logo lining with multiple pockets for storing small electronics. 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'Coaching' in labor makes little difference When a woman is giving birth, having a "coach" tell her to push during contractions makes almost no difference in shortening labor, and may actually increase her risk of subsequent problems with her bladder, researchers at UT Southwestern Medical Center have found.
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