Business Consulting for TK Maxx

BUSINESS CONSULTING

Table of Contents
INTRODUCTION...............................................................................................................................2
TASK....................................................................................................................................................2
About company and problems that it faces........................................................................................2
Importance of different areas for T.K Maxx......................................................................................3
Three problems that firm is facing and reason behind ranking these as top three..............................4
CONCLUSION....................................................................................................................................5
REFERENCES....................................................................................................................................7

INTRODUCTION
Business consulting is quite beneficial for companies in recent time as it helps to
improve operational efficiency and performance level of a company, who operate in specific
sector. This term support organizations while operating its ventures in market in context of
managing business functions and dealing with challenges. The current assignment will be
based on TK. Maxx, which consider as part of TJX organizations family situated in the
United Kingdom. This study will describe information about chosen brand and define issues
that they are facing. It will explain importance of understanding different areas by
organization. Furthermore, this report will clarify analysis of top three problems that select
firm is facing and purpose for ranking these challenges as top 3.
TASK
About company and problems that it faces
TK. Maxx is well known brand in UK, it is subsidiary of American home and apparel
products firm TJX firms established in Framingham (Schroeder, 2017). Chosen company set
up it venture in Ireland and United Kingdom in 1994. It offers consumers a wide range of
quality and fashionable brands with up to 60 percent discount suggested retail prices. At
organization, workers deliver ever changing collection of designer items and brand names at
costs up to 60% less more than RRP and at beneficial offer to prices in a department outlet.
Own label companies that appear in selected company outlets include Arabella & Addison,
Frederik Anderson of Copenhagen and Kenar. Furthermore, it analyses that firm offer beauty
items and cosmetics to customers by considering their needs and preferences, which is really
very essential to do.
While operating business in any market or sector a company face several challenges
and problems that could impact negatively upon current management practices and venture
activities. In case of TK. Maxx, firm also face some issues that directly impact its
profitability and productivity in negative manner. The most common issue that firm is facing
relate to administration of venture operations and growth tactics is intense competition within
retail industry. Increasing number of fashion brand either small or large create competitive
environment in market where T.K. Maxx operate (MCKINNON, 2018). Because of this
factor, company face issue in context of managing operations, retaining buyers and be
competitive, which require a lot of hard work and efforts as well. It put high pressure on
existing and new applicants to perform even better and drive them to be productive which is