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Inquiry Based Learning: Impact of Online Shopping Trend on Retail Industry - TK Maxx Case Study

Undertake an inquiry-based project on current trends in the retail industry, analyze a chosen company using relevant business models, and make recommendations for their success or survival.

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Added on  2023-06-10

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This report explores the impact of online shopping trend on retail industry with a case study of TK Maxx. It includes literature review, research aim & objectives, research questions, methodology, and recommendations.

Inquiry Based Learning: Impact of Online Shopping Trend on Retail Industry - TK Maxx Case Study

Undertake an inquiry-based project on current trends in the retail industry, analyze a chosen company using relevant business models, and make recommendations for their success or survival.

   Added on 2023-06-10

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Inquiry based learning
Inquiry project
Inquiry Based Learning: Impact of Online Shopping Trend on Retail Industry - TK Maxx Case Study_1
Contents
Introduction.........................................................................................................................................3
MAIN BODY.......................................................................................................................................3
Background of study.......................................................................................................................3
Title-.................................................................................................................................................4
Rationale of Study...........................................................................................................................4
Research aim & objectives..............................................................................................................4
Research Questions..........................................................................................................................4
LITERATURE REVIEW...............................................................................................................4
Methodology.....................................................................................................................................6
Recommendations............................................................................................................................6
CONCLUSION....................................................................................................................................7
Inquiry Based Learning: Impact of Online Shopping Trend on Retail Industry - TK Maxx Case Study_2
Introduction
The inquiry-based project work includes group of students which investigates in
worthy question, problem or idea. This is the kind of genuine project work that professionals
in the discipline do to develop or build knowledge. These projects necessitate considerable
participation and inquiry. It is a sort of genuine project work that entails collaboration across
disciplines in order to create or enhance knowledge. Inquiring-based learning is a British-
style active learning method that involves posing pupils with challenges and scenarios.
Traditional education is primarily contract-based, relying on teachers and other experts to
help students get greater information about specific topics (Duncan, and et.al., 2021). It is an
approach to learning that places a greater emphasis on the effective student role in the
learning process. There is also some group discussion and guided learning involved, which
enables the acquisition of knowledge through improved investigation and experience in order
to make better decisions. For the report, TK Maxx is considered which is company of retail
industry dealing in American apparel and home good company. The paper discusses the most
recent retail business trends, as well as organisational analyses and recommendations.
MAIN BODY
Background of study
The latest online developments are quite crucial in the retail industry. There are
various retail businesses that seek to improve themselves in the near future, although
individual retailers are managing fragmentation, complexity, and increased confusion in the
marketplace in preparation for a more integrated future. There is engagement with partners to
ensure that advanced technology is used effectively within a better supply chain. Tools are
optimised to speed processes and keep consumers in mind. The competitive advantage is
based on the outcome of the first and last miles. Everywhere in between is an important
weapon in achieving a successful client experience.
Company Overview:
The TK Maxx is subsidiary of American apparel and home good company which is
founded in 1994 by Bernard Cammarata. It headquarters is located in Framingham,
Massachusetts, US. The store is operating to several areas such as UK, Ireland, Austria and
many more. The company deals in products of clothing, footwear, furniture, giftware,
bedding and domestic etc. It is a parent company of TJX companies.
Inquiry Based Learning: Impact of Online Shopping Trend on Retail Industry - TK Maxx Case Study_3

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