Exploring Business Model Innovation in Retail: A Literature Review
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Literature Review
AI Summary
The purpose of this assignment is to provide an overview of recent literature pertaining to business model innovation in the retail sector. The study examines various articles that discuss strategies for enhancing competitive advantage through innovative models. This includes works by Visnjic et al. (2016) which highlight product and service innovation's impact on performance, and O'Reilly & Tushman (2013), focusing on organizational ambidexterity as a strategic approach. Additionally, the literature covers how cultural integration in mergers can affect business outcomes, drawing insights from Stahl et al. (2013). Overall, this review synthesizes findings across different studies to offer comprehensive insights into effective innovation practices for modern retail businesses.
Running head: DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
Determinants of profit in general retail sector
Name of the Student:
Name of the University:
Author’s Note:
Determinants of profit in general retail sector
Name of the Student:
Name of the University:
Author’s Note:
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1DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
Executive Summary
This paper has been framed in order gain the understanding about the impact of financial differences that is prevalent in case of
home improvement retails of Kingfisher Company. The other three companies such as Home Depot Inc., Lowe’s Company Inc. and
TESCO are also discussed here. The introduction of the paper discusses about the financial condition and its different aspects that are
available in the home improvement retails. It is seen that there are various dimensions that have an impact on the financial condition
of the organization. With the advent of globalization, various employees enter the market of retail industry of Kingfisher. The problem
statement of the topic along with the aims and objectives of the research are even discussed in order to create a clear idea about the
factors that would be taken into consideration in this paper. The research questions would be answered in this paper and therefore are
constructed in this paper. The literature review reveals the suggestions that have been given out by the researchers who have
undertaken research on similar topics. The methodology of the research comprises of positivism philosophy, deductive approach and
quantitative research design for the completion of the paper in an effective manner. Descriptive research design is even used in order
to understand the responses of the participants explicitly. The data has been collected with the help of questionnaire and comprises of
the close-ended questions. Then, we start the secondary data research with the help of other three retail sectors of UK. The analysis of
the data has revealed that there is an impact on the financial marketing from retail industry and with the implementation of various
policies that could be implemented. The comparative study of budget of four retail sectors is provided in the report.
Executive Summary
This paper has been framed in order gain the understanding about the impact of financial differences that is prevalent in case of
home improvement retails of Kingfisher Company. The other three companies such as Home Depot Inc., Lowe’s Company Inc. and
TESCO are also discussed here. The introduction of the paper discusses about the financial condition and its different aspects that are
available in the home improvement retails. It is seen that there are various dimensions that have an impact on the financial condition
of the organization. With the advent of globalization, various employees enter the market of retail industry of Kingfisher. The problem
statement of the topic along with the aims and objectives of the research are even discussed in order to create a clear idea about the
factors that would be taken into consideration in this paper. The research questions would be answered in this paper and therefore are
constructed in this paper. The literature review reveals the suggestions that have been given out by the researchers who have
undertaken research on similar topics. The methodology of the research comprises of positivism philosophy, deductive approach and
quantitative research design for the completion of the paper in an effective manner. Descriptive research design is even used in order
to understand the responses of the participants explicitly. The data has been collected with the help of questionnaire and comprises of
the close-ended questions. Then, we start the secondary data research with the help of other three retail sectors of UK. The analysis of
the data has revealed that there is an impact on the financial marketing from retail industry and with the implementation of various
policies that could be implemented. The comparative study of budget of four retail sectors is provided in the report.
2DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
Table of Contents
Chapter 1: Introduction................................................................................................................................................................................4
1.1. Background of the Study..................................................................................................................................................................4
1.2. Problem statement for the research...................................................................................................................................................5
1.3. Rationale for the Study.....................................................................................................................................................................5
1.4. Research Questions...........................................................................................................................................................................6
1.5. Research Aims and Objectives.........................................................................................................................................................6
1.6. Research Methodology:-...................................................................................................................................................................6
1.7. Structure of the Research paper........................................................................................................................................................7
Chapter 2: Literature Review.......................................................................................................................................................................7
2.1 Introduction of objective of chapter:.................................................................................................................................................7
2.2 Subject Matter of Research................................................................................................................................................................8
2.3 Elaboration of Research Question1.................................................................................................................................................10
2.4 Elaboration of Research Question2.................................................................................................................................................11
2.5Elaboration of Research Question3..................................................................................................................................................11
2.6. Elaboration of Research Question4:...............................................................................................................................................12
2.7. Elaboration of Research Question5................................................................................................................................................15
2.8. Conclusion of Literature Review....................................................................................................................................................16
Chapter 3: Research Methodology............................................................................................................................................................16
3.1. Introduction:...................................................................................................................................................................................16
3.2. Research Philosophies:...................................................................................................................................................................16
3.3. Justification of Research Philosophies:..........................................................................................................................................16
3.4. Research Design and Justification for choice:-..............................................................................................................................17
3.5. Qualitative and Quantitative data Collection: -..............................................................................................................................17
3.6. Research Methodology and Justification: -....................................................................................................................................18
3.7. Validity and Reliability of data: -...................................................................................................................................................18
3.8. Ethical Considerations: -.................................................................................................................................................................18
3.9. Limitations of the Study: -..............................................................................................................................................................18
3.10. Conclusion of the chapter: -..........................................................................................................................................................19
Chapter 4: Data Analysis and Findings.....................................................................................................................................................19
4.1. Introduction and Objective: -..........................................................................................................................................................19
4.2. Sample Characteristics: -................................................................................................................................................................19
Table of Contents
Chapter 1: Introduction................................................................................................................................................................................4
1.1. Background of the Study..................................................................................................................................................................4
1.2. Problem statement for the research...................................................................................................................................................5
1.3. Rationale for the Study.....................................................................................................................................................................5
1.4. Research Questions...........................................................................................................................................................................6
1.5. Research Aims and Objectives.........................................................................................................................................................6
1.6. Research Methodology:-...................................................................................................................................................................6
1.7. Structure of the Research paper........................................................................................................................................................7
Chapter 2: Literature Review.......................................................................................................................................................................7
2.1 Introduction of objective of chapter:.................................................................................................................................................7
2.2 Subject Matter of Research................................................................................................................................................................8
2.3 Elaboration of Research Question1.................................................................................................................................................10
2.4 Elaboration of Research Question2.................................................................................................................................................11
2.5Elaboration of Research Question3..................................................................................................................................................11
2.6. Elaboration of Research Question4:...............................................................................................................................................12
2.7. Elaboration of Research Question5................................................................................................................................................15
2.8. Conclusion of Literature Review....................................................................................................................................................16
Chapter 3: Research Methodology............................................................................................................................................................16
3.1. Introduction:...................................................................................................................................................................................16
3.2. Research Philosophies:...................................................................................................................................................................16
3.3. Justification of Research Philosophies:..........................................................................................................................................16
3.4. Research Design and Justification for choice:-..............................................................................................................................17
3.5. Qualitative and Quantitative data Collection: -..............................................................................................................................17
3.6. Research Methodology and Justification: -....................................................................................................................................18
3.7. Validity and Reliability of data: -...................................................................................................................................................18
3.8. Ethical Considerations: -.................................................................................................................................................................18
3.9. Limitations of the Study: -..............................................................................................................................................................18
3.10. Conclusion of the chapter: -..........................................................................................................................................................19
Chapter 4: Data Analysis and Findings.....................................................................................................................................................19
4.1. Introduction and Objective: -..........................................................................................................................................................19
4.2. Sample Characteristics: -................................................................................................................................................................19
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3DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
4.3. Data Analysis for Objective1: -......................................................................................................................................................19
4.4. Data Analysis for Objective2: -......................................................................................................................................................21
4.5. Data Analysis for Objective3: -......................................................................................................................................................21
4.6. Data Analysis for Objective4: -......................................................................................................................................................24
4.7. Data Analysis for Objective5: -......................................................................................................................................................24
4.8. Conclusion: -...................................................................................................................................................................................25
Chapter 5: Conclusion and Recommendations..........................................................................................................................................26
5.1. Introduction and objectives.............................................................................................................................................................26
5.2. Review of Research Objectives......................................................................................................................................................26
5.3. Findings and Answers to the Research Questions..........................................................................................................................27
5.4. Recommendations...........................................................................................................................................................................27
Annotated Bibliography:...........................................................................................................................................................................28
4.3. Data Analysis for Objective1: -......................................................................................................................................................19
4.4. Data Analysis for Objective2: -......................................................................................................................................................21
4.5. Data Analysis for Objective3: -......................................................................................................................................................21
4.6. Data Analysis for Objective4: -......................................................................................................................................................24
4.7. Data Analysis for Objective5: -......................................................................................................................................................24
4.8. Conclusion: -...................................................................................................................................................................................25
Chapter 5: Conclusion and Recommendations..........................................................................................................................................26
5.1. Introduction and objectives.............................................................................................................................................................26
5.2. Review of Research Objectives......................................................................................................................................................26
5.3. Findings and Answers to the Research Questions..........................................................................................................................27
5.4. Recommendations...........................................................................................................................................................................27
Annotated Bibliography:...........................................................................................................................................................................28
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4DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
Chapter 1: Introduction
In the present consistently changing worldwide business environment especially in Europe, the issues related with influence of
retail industries in home development for knowing about these numerous outputs have gained significance. The reason is that the
companies operating in the economy have been able to attain success. The importance of culture and variations in types of home
development has turned out to be particularly essential especially for the companies performing in the global markets and comprising
of employees (Moran, Abramson and Moran 2014). It has been viewed home improvement retails have a significant impact on the
performance of Kingfisher and therefore the company needs to look into various aspects that are associated with home improvement
in their day-to-day activities in order to operate significantly in the worldwide economy (Burton 2004). Here, we are also interested in
three more home improvement retailing companies that are – 1) Home Depot Inc. (Home retail group). 2) Lowe’s Companies Inc 3)
TESCO
The influence of retail marketing strategies on profit performance was investigated for a sample of four companies for the
period of five years (2013-2017). Sales growth, market share, capital-to-labour-ratio and average inventory were found to be
significantly associated with profit performance as hypothesized (Burt and Limmack 2001). In this report, we are eager to evaluate the
factors and select retail-marketing strategies.
This section of the paper therefore would introduce the topic that is under consideration by discussing the home development
and even providing an elaborate idea about the background of the study. This would be influential for the construction of the research
objectives and the identification of the problem statements that would lead to the construction of the research questions (Reynolds et
al. 2005). The proper construction of the introduction of the paper would aid the researcher in completing the paper precisely. The
details of all four retail companies and their budget accounting factors are discussed below.
1.1. Background of the Study
Impact of retail market has significant factors for every single company that are functioning in every kind of industries. As
clarified by Hemmert, Bstieler and Okamuro (2014), these perceptions have turned out to be considerably more fundamental for the
construction of the paper with respect to the construction of the agreements, internationalization of the several procurements, joint
venturing and collaborating in accordance to the retail industries. The retail market depends upon customer loyalty. Home
improvement and furniture retailers have found the relation between customer loyalty and customer satisfaction with the help of extra
efforts (Casadesus‐Masanell and Zhu 2013). Corporate social responsibility (CSR) of the retailer influences the retail industry in case
of service quality (Buzzell et al. 1975). Service quality of a product can be perceived as the outcome of the assessment wherein
customer compares the expected product quality to the actual product quality (Alrubaiee & Al-Nazer 2010). The financial assessment
is done based on functional, technical quality and image of the retailer. The functional quality of the product evaluates the behaviourist
attitude and usability of the home furnishing. The technical quality relates to the end use of the products of Kingfisher. The image of
the retailer is also taken into consideration to assess the quality of the furnishing (Pahl and Richter 2007).
It has been viewed in accordance to the other industries there has been an ascent in the important coalitions in the retail
industries and this in a way has even raised the significance of the impact due to the interaction of the employees in the retail
industries. It can enhance the viability of the organizations and give the companies an effective edge in the economy. SWOT analyses
of the retail companies compare the interrelationship and competitions.
Kingfisher is one of the leading DIY retailers of UK employing about 27000 full time employees. In the UK, the group has
nearly 360 B&Q DIY superstores. It includes 29 former Focus stores and a rapidly expanding chain of 215 Screwfix trade counters.
Chapter 1: Introduction
In the present consistently changing worldwide business environment especially in Europe, the issues related with influence of
retail industries in home development for knowing about these numerous outputs have gained significance. The reason is that the
companies operating in the economy have been able to attain success. The importance of culture and variations in types of home
development has turned out to be particularly essential especially for the companies performing in the global markets and comprising
of employees (Moran, Abramson and Moran 2014). It has been viewed home improvement retails have a significant impact on the
performance of Kingfisher and therefore the company needs to look into various aspects that are associated with home improvement
in their day-to-day activities in order to operate significantly in the worldwide economy (Burton 2004). Here, we are also interested in
three more home improvement retailing companies that are – 1) Home Depot Inc. (Home retail group). 2) Lowe’s Companies Inc 3)
TESCO
The influence of retail marketing strategies on profit performance was investigated for a sample of four companies for the
period of five years (2013-2017). Sales growth, market share, capital-to-labour-ratio and average inventory were found to be
significantly associated with profit performance as hypothesized (Burt and Limmack 2001). In this report, we are eager to evaluate the
factors and select retail-marketing strategies.
This section of the paper therefore would introduce the topic that is under consideration by discussing the home development
and even providing an elaborate idea about the background of the study. This would be influential for the construction of the research
objectives and the identification of the problem statements that would lead to the construction of the research questions (Reynolds et
al. 2005). The proper construction of the introduction of the paper would aid the researcher in completing the paper precisely. The
details of all four retail companies and their budget accounting factors are discussed below.
1.1. Background of the Study
Impact of retail market has significant factors for every single company that are functioning in every kind of industries. As
clarified by Hemmert, Bstieler and Okamuro (2014), these perceptions have turned out to be considerably more fundamental for the
construction of the paper with respect to the construction of the agreements, internationalization of the several procurements, joint
venturing and collaborating in accordance to the retail industries. The retail market depends upon customer loyalty. Home
improvement and furniture retailers have found the relation between customer loyalty and customer satisfaction with the help of extra
efforts (Casadesus‐Masanell and Zhu 2013). Corporate social responsibility (CSR) of the retailer influences the retail industry in case
of service quality (Buzzell et al. 1975). Service quality of a product can be perceived as the outcome of the assessment wherein
customer compares the expected product quality to the actual product quality (Alrubaiee & Al-Nazer 2010). The financial assessment
is done based on functional, technical quality and image of the retailer. The functional quality of the product evaluates the behaviourist
attitude and usability of the home furnishing. The technical quality relates to the end use of the products of Kingfisher. The image of
the retailer is also taken into consideration to assess the quality of the furnishing (Pahl and Richter 2007).
It has been viewed in accordance to the other industries there has been an ascent in the important coalitions in the retail
industries and this in a way has even raised the significance of the impact due to the interaction of the employees in the retail
industries. It can enhance the viability of the organizations and give the companies an effective edge in the economy. SWOT analyses
of the retail companies compare the interrelationship and competitions.
Kingfisher is one of the leading DIY retailers of UK employing about 27000 full time employees. In the UK, the group has
nearly 360 B&Q DIY superstores. It includes 29 former Focus stores and a rapidly expanding chain of 215 Screwfix trade counters.
5DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
The group is one of the UK’s most international retailers with extensive overseas DIY interests. Kingfisher has more than 950 stores
in eight countries in Europe and Asia.
Home Depot Inc. (Home retail group) owns Argos, the UK’s high street and catalogue retailer. The home-base have second
largest DIY specialist chain. Home Depot Inc. has almost 750 stores employing more than 30000 staffs. Its home base has more than
340 edge-town-superstores with about 19000 employees. Home Depot Retail also owns the Habitat brand that includes the UK
website and three London stores, and stocks its products in store and online at home base.
Lowe’s Companies Inc. is the UK’s largest home improvement chain and employs almost 75000 staffs. The retailer has close
to 2500 outlets. A vital piece of the company’s strategy is its advantage card that is thought to be the world’s largest smartcard loyalty
scheme with more than 17 million active holders in 2013.
The TESCO stores increased substantially over the period (2011-2017) to 3739 stores. The multinational operating grocery and
general merchandise retailer TESCO PLC founded in 1919, employs over 500000 people worldwide. The product portfolio of TESCO
includes food and beverages, home appliances and financial services. TESCO is one of the leading supermarket brands in UK,
consistently ranking highest in terms retail market share.
1.2. Problem statement for the research
The statement of the issues has been implemented the researcher to construct a research with respect to the topic under
consideration. It is observed that with the introduction of liberalization and globalization there has been entry of new retail companies
in the market of UK along with the financial gain is subjected to several obstacles. Therefore, determination of the effects of these
determinants is required to be detected in order to construct various strategies (Broeren and Mary Ann 1981). Retail industries are a
kind of industry that keeps on developing with the advent of new and improved technologies and mechanisms and hence the
management of the retail companies requires analyzing each aspect of their business (Rees-Caldwell and Pinnington 2013). The effect
of orientation system among the employees needs proper supervision so that the companies could make use their advantages and in
case of any discrepancies, the issues can be resolved and a better working environment along with a better bonding among the
employees could be established (Bauer and Matzler 2014). The present research aims to examine means of profit amount to advance
furniture and home improvement retail sector of Kingfisher between competitors that would lead to better economical and financial
benefits for the retailer. Due to entry of new retailers, employees with expertise in the arena of furniture manufacture and home
improvement in a state of dynamics hopping from one retailer to another (Padgett 2016).
Various limitations and constraints are related with every research thesis. With respect to this paper, it has been observed that
the restriction of time has been one of the key factors that have limited the analyst to collect the data from the respondents accurately.
It is even seen that gaining in-depth knowledge about the financial management of the retail industries has been significantly difficult
and obtaining the strategies that have been put forth by various retail organizations has been difficult (Ghobadi and Mathiassen 2016).
Hence, data has been gathered with the help of selected respondents and authenticity of the data has not been examined as the
respondents may be reluctant to share their personal feelings regarding any question and may have answered ambiguously to the
questions (Batjargal 2013). Hence, the recommendations for the future issues with respect to the financial management may not be an
accurate one and this may lead to discrepancies within the retail industries.
1.3. Rationale for the Study
The rationale for the study has been discovering the various aspects that exist in home improvement of retail industry. United
Kingdom is a developed country with a small amount of population. The country comprises of a population that has a variety of
The group is one of the UK’s most international retailers with extensive overseas DIY interests. Kingfisher has more than 950 stores
in eight countries in Europe and Asia.
Home Depot Inc. (Home retail group) owns Argos, the UK’s high street and catalogue retailer. The home-base have second
largest DIY specialist chain. Home Depot Inc. has almost 750 stores employing more than 30000 staffs. Its home base has more than
340 edge-town-superstores with about 19000 employees. Home Depot Retail also owns the Habitat brand that includes the UK
website and three London stores, and stocks its products in store and online at home base.
Lowe’s Companies Inc. is the UK’s largest home improvement chain and employs almost 75000 staffs. The retailer has close
to 2500 outlets. A vital piece of the company’s strategy is its advantage card that is thought to be the world’s largest smartcard loyalty
scheme with more than 17 million active holders in 2013.
The TESCO stores increased substantially over the period (2011-2017) to 3739 stores. The multinational operating grocery and
general merchandise retailer TESCO PLC founded in 1919, employs over 500000 people worldwide. The product portfolio of TESCO
includes food and beverages, home appliances and financial services. TESCO is one of the leading supermarket brands in UK,
consistently ranking highest in terms retail market share.
1.2. Problem statement for the research
The statement of the issues has been implemented the researcher to construct a research with respect to the topic under
consideration. It is observed that with the introduction of liberalization and globalization there has been entry of new retail companies
in the market of UK along with the financial gain is subjected to several obstacles. Therefore, determination of the effects of these
determinants is required to be detected in order to construct various strategies (Broeren and Mary Ann 1981). Retail industries are a
kind of industry that keeps on developing with the advent of new and improved technologies and mechanisms and hence the
management of the retail companies requires analyzing each aspect of their business (Rees-Caldwell and Pinnington 2013). The effect
of orientation system among the employees needs proper supervision so that the companies could make use their advantages and in
case of any discrepancies, the issues can be resolved and a better working environment along with a better bonding among the
employees could be established (Bauer and Matzler 2014). The present research aims to examine means of profit amount to advance
furniture and home improvement retail sector of Kingfisher between competitors that would lead to better economical and financial
benefits for the retailer. Due to entry of new retailers, employees with expertise in the arena of furniture manufacture and home
improvement in a state of dynamics hopping from one retailer to another (Padgett 2016).
Various limitations and constraints are related with every research thesis. With respect to this paper, it has been observed that
the restriction of time has been one of the key factors that have limited the analyst to collect the data from the respondents accurately.
It is even seen that gaining in-depth knowledge about the financial management of the retail industries has been significantly difficult
and obtaining the strategies that have been put forth by various retail organizations has been difficult (Ghobadi and Mathiassen 2016).
Hence, data has been gathered with the help of selected respondents and authenticity of the data has not been examined as the
respondents may be reluctant to share their personal feelings regarding any question and may have answered ambiguously to the
questions (Batjargal 2013). Hence, the recommendations for the future issues with respect to the financial management may not be an
accurate one and this may lead to discrepancies within the retail industries.
1.3. Rationale for the Study
The rationale for the study has been discovering the various aspects that exist in home improvement of retail industry. United
Kingdom is a developed country with a small amount of population. The country comprises of a population that has a variety of
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6DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
requirements and therefore, undertaking the analysis with respect to the citizens of the United Kingdom would yield significant results
for the paper. With the advent of globalization and liberalisation of Europe, there has been entry of various multinational retail
companies in the country as the country has a broad prospect for retail marketing (Baltas et al. 1997). The country is utilising
segments in the home development industry and there is availability of sufficient and economical impacts that has influenced the
companies to establish themselves in the country (Chen, Lin and Yen 2014).
The multinational retailing companies even migrates employees from various parts of the world in order to fill the gap that is
available in their business. Every individual has their own preferences and how they behave and react is according to the cultures they
belong country wise and sub-continent wise. Interaction and communication among employees lead to mixture of various preferences
of UK, France, Germany and Netherlands. Such orientation system has certain influences that would be discussed in this report. Retail
industries require employees from various backgrounds and therefore the impact of varieties of home improvement are mainly
observed in this sector. Hence, the paper has been constructed with respect to this topic.
1.4. Research Questions
The research questions that have been framed are in respect to the problems that have been discovered by the researcher with
respect to the improvement retails of the Kingfisher. The research questions would be utilized in order to course the research and
determine the impact of financial analysis in retail industry of Kingfisher. The research questions are given as follows:
Q1. How can financial analysis have an impact on the four retail industries in Kingfisher?
Q2. What actions could be undertaken by the management in order to improve the impacts of financial analysis of four companies
except Kingfisher?
Q3. What are the measures of finance of Kingfisher have inter-relationship over the years?
Q4. What are the factors that influence of correlation in retail market year wise that help to undertake the market strategic variables?
Q5. What are the strength, weakness, opportunities and threats of four companies (SWOT) in the future retail sector and the
correlation between various measures?
1.5. Research Aims and Objectives
The objectives and aims of the paper has been the key and essential factors that would be effective for the construction of the
paper as these objectives would be supportive to the researcher for the conclusion of the research paper in an effective way. The aims
and objectives with respect to this paper are given as follows:
To determine the influencing factors that influences the financial market in the retail sector and the association in the retail
management between the employees and the management.
To determine the dimensions of retail marketing that have an influence on the outcome of the industries.
The actions undertaken by the retail management in order to deal with the issues related to home improvement make the
product/service more attractive in the current market.
To optimize the profit related to financial assessment of the Kingfisher from 2013 to 2017.
To find the estimated size of the market, project market share, predictions under future trends and estimate the target market.
1.6. Research Methodology:-
The research methodology for the research study is quantitative with an exploratory approach. A deductive research approach
is used in this study.
requirements and therefore, undertaking the analysis with respect to the citizens of the United Kingdom would yield significant results
for the paper. With the advent of globalization and liberalisation of Europe, there has been entry of various multinational retail
companies in the country as the country has a broad prospect for retail marketing (Baltas et al. 1997). The country is utilising
segments in the home development industry and there is availability of sufficient and economical impacts that has influenced the
companies to establish themselves in the country (Chen, Lin and Yen 2014).
The multinational retailing companies even migrates employees from various parts of the world in order to fill the gap that is
available in their business. Every individual has their own preferences and how they behave and react is according to the cultures they
belong country wise and sub-continent wise. Interaction and communication among employees lead to mixture of various preferences
of UK, France, Germany and Netherlands. Such orientation system has certain influences that would be discussed in this report. Retail
industries require employees from various backgrounds and therefore the impact of varieties of home improvement are mainly
observed in this sector. Hence, the paper has been constructed with respect to this topic.
1.4. Research Questions
The research questions that have been framed are in respect to the problems that have been discovered by the researcher with
respect to the improvement retails of the Kingfisher. The research questions would be utilized in order to course the research and
determine the impact of financial analysis in retail industry of Kingfisher. The research questions are given as follows:
Q1. How can financial analysis have an impact on the four retail industries in Kingfisher?
Q2. What actions could be undertaken by the management in order to improve the impacts of financial analysis of four companies
except Kingfisher?
Q3. What are the measures of finance of Kingfisher have inter-relationship over the years?
Q4. What are the factors that influence of correlation in retail market year wise that help to undertake the market strategic variables?
Q5. What are the strength, weakness, opportunities and threats of four companies (SWOT) in the future retail sector and the
correlation between various measures?
1.5. Research Aims and Objectives
The objectives and aims of the paper has been the key and essential factors that would be effective for the construction of the
paper as these objectives would be supportive to the researcher for the conclusion of the research paper in an effective way. The aims
and objectives with respect to this paper are given as follows:
To determine the influencing factors that influences the financial market in the retail sector and the association in the retail
management between the employees and the management.
To determine the dimensions of retail marketing that have an influence on the outcome of the industries.
The actions undertaken by the retail management in order to deal with the issues related to home improvement make the
product/service more attractive in the current market.
To optimize the profit related to financial assessment of the Kingfisher from 2013 to 2017.
To find the estimated size of the market, project market share, predictions under future trends and estimate the target market.
1.6. Research Methodology:-
The research methodology for the research study is quantitative with an exploratory approach. A deductive research approach
is used in this study.
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7DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
1.7. Structure of the Research paper
This section provides a brief structure of the overall thesis paper that would be formulated later in this paper for the completion
of an authentic research. It has been noticed that the first segment of the paper comprises of the introduction of the paper where a brief
background about financial analysis and the meaning of retail management has been provided. The background of the country is even
discussed after which the aims and the objectives of the paper have been put forth so that the researcher can move ahead with the
paper precisely. The research questions as well as the statement of the problem have been constructed as it aids the researcher to
construct a course with the help of which the whole research paper would be completed effectively.
The next segment of the paper consists of the literature review with the help of which the researcher has gained knowledge
about the various processes and suggestions that have been put forth by researchers who have already undertaken similar researches
previously and have provided various effective results (O'Reilly and Tushman 2013). The research methodology provides the course
that the researcher has followed in order to complete the paper effectively and it has been seen that in this section that equipment and
tools that are used for gathering the data and the method of selecting these tools are even discussed. Hence, the author would provide
conclusive evidence for selecting these tools and how these tools would be used for gathering data that is essential for this paper. The
next chapter would provide in-depth analysis of the data that has been collected in order to reach results that would be influential for
this paper. The last section of the paper discusses the conclusion and the recommendation that is essential in order to find out the
results and whether the identified problems have been answered and rectified. The recommendations gathered from this paper can be
used by the retail industries for the improvement in their financial management.
Chapter 2: Literature Review
2.1 Introduction of objective of chapter:
The “Kingfisher” retail industry comprises the businesses relating to development, maintenance and the publication of
financial management scheme. These are utilised and apprehended in case of different business models that may be maintenance
based. Financial development in terms of profit and management is a human centric as also a socio managerial activity that is
influenced by factors like all other human practices, preferences, availability, furnishing choices (O’Reilly et al. 2014). The financial
condition of retail market has been affected more due to the nature of globalisation in the financial development. The retail industry
being a very intensive industry related to the human capital is experiencing a new era in which the financial development personnel
need to adapt to the multicultural service environments. In order to get benefits from the advancements in technology as well as the
finance accounting and analyze, the multicultural scenarios should be adopted. In Kingfisher, there is the existence of a multicultural
1.7. Structure of the Research paper
This section provides a brief structure of the overall thesis paper that would be formulated later in this paper for the completion
of an authentic research. It has been noticed that the first segment of the paper comprises of the introduction of the paper where a brief
background about financial analysis and the meaning of retail management has been provided. The background of the country is even
discussed after which the aims and the objectives of the paper have been put forth so that the researcher can move ahead with the
paper precisely. The research questions as well as the statement of the problem have been constructed as it aids the researcher to
construct a course with the help of which the whole research paper would be completed effectively.
The next segment of the paper consists of the literature review with the help of which the researcher has gained knowledge
about the various processes and suggestions that have been put forth by researchers who have already undertaken similar researches
previously and have provided various effective results (O'Reilly and Tushman 2013). The research methodology provides the course
that the researcher has followed in order to complete the paper effectively and it has been seen that in this section that equipment and
tools that are used for gathering the data and the method of selecting these tools are even discussed. Hence, the author would provide
conclusive evidence for selecting these tools and how these tools would be used for gathering data that is essential for this paper. The
next chapter would provide in-depth analysis of the data that has been collected in order to reach results that would be influential for
this paper. The last section of the paper discusses the conclusion and the recommendation that is essential in order to find out the
results and whether the identified problems have been answered and rectified. The recommendations gathered from this paper can be
used by the retail industries for the improvement in their financial management.
Chapter 2: Literature Review
2.1 Introduction of objective of chapter:
The “Kingfisher” retail industry comprises the businesses relating to development, maintenance and the publication of
financial management scheme. These are utilised and apprehended in case of different business models that may be maintenance
based. Financial development in terms of profit and management is a human centric as also a socio managerial activity that is
influenced by factors like all other human practices, preferences, availability, furnishing choices (O’Reilly et al. 2014). The financial
condition of retail market has been affected more due to the nature of globalisation in the financial development. The retail industry
being a very intensive industry related to the human capital is experiencing a new era in which the financial development personnel
need to adapt to the multicultural service environments. In order to get benefits from the advancements in technology as well as the
finance accounting and analyze, the multicultural scenarios should be adopted. In Kingfisher, there is the existence of a multicultural
8DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
workforce and the employees need to adjust accordingly. The analytical finance influences need to be seamlessly incorporated into the
work environment so that the total output of the company does not suffer due to the financial crisis.
In this connection, it must also be mentioned that the understanding of the retail industry of Kingfisher as well as the nature of
the business need to be understood in order to ensure that the company prospers. No sort of glitches are encountered due to the
inexperience in financial management, lack of knowledge regarding the retail industry as also the inability to manage. These issues if
addressed in the correct amount of profit ensures that the overall company stability as well as the financial stability for the ultimate
betterment of the retail industry business (Buxmann, Diefenbach and Hess 2012).
Retail companies all around the World expand across the borders and this have led to the enhanced accessibility of the small as
well as the large businesses and deals. Multinational and cross-cultural teams are becoming common as the businesses are bound to
benefit from a knowledge base that is increasingly diverse as well as from insightful approaches to the challenges of business (Mertens
2014). Kingfisher is facing the benefits pertaining to insight as well as expertise along with the global obstacles. This is due to the case
of culture as well as in case of international business.
In case of traditional companies, the importance of retail sector is changing from being a supporting business of being a core
business. The state of finance development and retail services of Kingfisher is in a sorry state. There is a sense of disinterest or low
level of inclination of the Kingfisher professionals towards the processing and development management. This disinterest causes a
decline in the nature of the retail industry development. Due to this, people lose interest and trust in the business capabilities of
Kingfisher. It is necessary to first work towards the retail industry a dependable one in order to enhance the level of work or the
business. The retail industry business of Kingfisher requires to be improved in order to be widely accessible and beneficial to people
all around the World. There is no care or concern about the level of the performance of the employees.
In many cases, during the time of analysis of cost-effective as well as attractive options for the development of retail market,
the effect of the financial analysis is neglected or overlooked. The variability due to the crisis prevents the proper interaction of the
teams and their members and hence hampers the progress of the company. Kingfisher had a strong performance in the year 2013 to
2017 as it totalled group sale of 60% of generated overseas. The group’s domestic sales remained flat for the period, though B&Q UK
and Ireland’s retail profit increased by 10%. The damaged group sales are the reason behind percentage of dropping of retail
improvement. Kingfisher blamed wet weather in the UK and northern Europe for significantly affecting footfall. During this period,
the UK was particularly hit as retail profit plunged and like-for-like sales dropped. The wet weather also meant seasonal product sales
fell, forcing the retailer to slash prices to closer stock.
Tesco generated annual sales in 2016/17 of 75.17 billion pound, up 4.5%, for the financial year to February 2017. Of this
figure, 52.6 billion pound was generated in the UK, a rise of 5% year on year, while UK online sales rose 10% over the period 2013-
2017.
2.2 Subject Matter of Research
Financial analysis in simple terms could be defined as a crucial step before invest in a business opportunity or franchise. In
case of international business, there are different numbers of accepted norms that increase the chance of success by analyzing the
business concept. A feasibility analysis would evaluate a business concept to see if it is worth pursuing. The dynamics of the
differences of market structures are found at various levels of the organisation in which cases the subtle appearance is shown through
individualistic preferences. The findings of the surveys reveal that there have been several negative impacts on financial budget and on
organisation as well. Special skill, process, technology, knowledge, expertise and ability in unique to the business are done better than
workforce and the employees need to adjust accordingly. The analytical finance influences need to be seamlessly incorporated into the
work environment so that the total output of the company does not suffer due to the financial crisis.
In this connection, it must also be mentioned that the understanding of the retail industry of Kingfisher as well as the nature of
the business need to be understood in order to ensure that the company prospers. No sort of glitches are encountered due to the
inexperience in financial management, lack of knowledge regarding the retail industry as also the inability to manage. These issues if
addressed in the correct amount of profit ensures that the overall company stability as well as the financial stability for the ultimate
betterment of the retail industry business (Buxmann, Diefenbach and Hess 2012).
Retail companies all around the World expand across the borders and this have led to the enhanced accessibility of the small as
well as the large businesses and deals. Multinational and cross-cultural teams are becoming common as the businesses are bound to
benefit from a knowledge base that is increasingly diverse as well as from insightful approaches to the challenges of business (Mertens
2014). Kingfisher is facing the benefits pertaining to insight as well as expertise along with the global obstacles. This is due to the case
of culture as well as in case of international business.
In case of traditional companies, the importance of retail sector is changing from being a supporting business of being a core
business. The state of finance development and retail services of Kingfisher is in a sorry state. There is a sense of disinterest or low
level of inclination of the Kingfisher professionals towards the processing and development management. This disinterest causes a
decline in the nature of the retail industry development. Due to this, people lose interest and trust in the business capabilities of
Kingfisher. It is necessary to first work towards the retail industry a dependable one in order to enhance the level of work or the
business. The retail industry business of Kingfisher requires to be improved in order to be widely accessible and beneficial to people
all around the World. There is no care or concern about the level of the performance of the employees.
In many cases, during the time of analysis of cost-effective as well as attractive options for the development of retail market,
the effect of the financial analysis is neglected or overlooked. The variability due to the crisis prevents the proper interaction of the
teams and their members and hence hampers the progress of the company. Kingfisher had a strong performance in the year 2013 to
2017 as it totalled group sale of 60% of generated overseas. The group’s domestic sales remained flat for the period, though B&Q UK
and Ireland’s retail profit increased by 10%. The damaged group sales are the reason behind percentage of dropping of retail
improvement. Kingfisher blamed wet weather in the UK and northern Europe for significantly affecting footfall. During this period,
the UK was particularly hit as retail profit plunged and like-for-like sales dropped. The wet weather also meant seasonal product sales
fell, forcing the retailer to slash prices to closer stock.
Tesco generated annual sales in 2016/17 of 75.17 billion pound, up 4.5%, for the financial year to February 2017. Of this
figure, 52.6 billion pound was generated in the UK, a rise of 5% year on year, while UK online sales rose 10% over the period 2013-
2017.
2.2 Subject Matter of Research
Financial analysis in simple terms could be defined as a crucial step before invest in a business opportunity or franchise. In
case of international business, there are different numbers of accepted norms that increase the chance of success by analyzing the
business concept. A feasibility analysis would evaluate a business concept to see if it is worth pursuing. The dynamics of the
differences of market structures are found at various levels of the organisation in which cases the subtle appearance is shown through
individualistic preferences. The findings of the surveys reveal that there have been several negative impacts on financial budget and on
organisation as well. Special skill, process, technology, knowledge, expertise and ability in unique to the business are done better than
⊘ This is a preview!⊘
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Retailer Service Quality
Functional Quality
Technical Quality
Organizational Image
Customer Satisfaction
And Financial Profit
Customer Satisfaction
Managerial Policy
Customer Satisfying
Determinants
Financial Profit
Resource, Feasibility and
design Responsibility
9DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
any competitor. In order to understand the importance of the impact of the policies that actually affects the financial status of the
company. Increased level of proto-type of the product or service and competence prospective customers ensures that the barriers of
understanding are resolved. Our primary task is to identify a preliminary target, survey at least … people about their requirements, and
way of the product and service provide the benefits of the Kingfisher.
As our main aim and object is to obtain information about the current market by researching trends from 2013 to 2017 of
Kingfisher and analyzing the competition. We should determine the proposed business that has sufficient management expertise,
organizational competence and resources to be successful. Three other different companies like Lowe’s company and Home Depot
Inc. are taken into account and their customer satisfaction criteria and financial analysis was taken into account.
Figure: The flowchart represents that the quality of service comprises of three dimensions, which consists of the functional quality,
technical quality and retailers image. Furthermore, it highlights the impact created by retailer’s service quality dimensions on
customer’s satisfaction.
Evaluation of Management Expertise: -
The ability of the entrepreneur and management team is the reason of evaluation.
Design Responsibilities: -
We have to determine whether the responsibilities are too large or too small for the entrepreneur.
Functional Quality
Technical Quality
Organizational Image
Customer Satisfaction
And Financial Profit
Customer Satisfaction
Managerial Policy
Customer Satisfying
Determinants
Financial Profit
Resource, Feasibility and
design Responsibility
9DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
any competitor. In order to understand the importance of the impact of the policies that actually affects the financial status of the
company. Increased level of proto-type of the product or service and competence prospective customers ensures that the barriers of
understanding are resolved. Our primary task is to identify a preliminary target, survey at least … people about their requirements, and
way of the product and service provide the benefits of the Kingfisher.
As our main aim and object is to obtain information about the current market by researching trends from 2013 to 2017 of
Kingfisher and analyzing the competition. We should determine the proposed business that has sufficient management expertise,
organizational competence and resources to be successful. Three other different companies like Lowe’s company and Home Depot
Inc. are taken into account and their customer satisfaction criteria and financial analysis was taken into account.
Figure: The flowchart represents that the quality of service comprises of three dimensions, which consists of the functional quality,
technical quality and retailers image. Furthermore, it highlights the impact created by retailer’s service quality dimensions on
customer’s satisfaction.
Evaluation of Management Expertise: -
The ability of the entrepreneur and management team is the reason of evaluation.
Design Responsibilities: -
We have to determine whether the responsibilities are too large or too small for the entrepreneur.
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10DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
Evaluate non-financial Resources: -
We are eager to find a sufficient employee pool, availability of office space, protection for properties, patents qualitatively and
quantitatively (Craven and Marston 1999).
Prepare a Financial Feasibility Analysis: -
Next, we are eager to start-up and other capital requirements including projected rate of return. The overall attractiveness of
the investment depends on three factors that are- Estimation of sales on annual basis, Estimation costs and budget, Estimation of
Break-even point and profitability.
After completing the financial feasibility analysis, we could consider personal income and financial needs (Chen and Miller
2015). Even, the best business concepts often need several years to take off and reach a desired profit. It might be best for us to permit
time to perform while beginning our business or put off the start-up until sufficient resources are on hand to supply us a regular source
of income.
2.3 Elaboration of Research Question1
Our research question is how financial analysis can have an impact on the Kingfisher industries in UK. We should also
understand the significance of association in the retail management between the employees and the management International business
deals are important part of any sort of business analyses and comprise of cross-cultural connectivity as well. Financial diagnostics and
consultation for businesses of all sizes would comprehend the immense profit of the Kingfisher. The factors include the concepts of
team unity, the risk taking capabilities, sensitivity towards particular cultures and so on (Moran, Abramson and Moran 2014).
We use extensive financial matrices to show the right business of future holds. The yearly report and consultation concentrates
on the current financial activities that need to be transformed, improved and maintained. A yearly financial analysis report and
walkthrough would guide the business away from financial pitfalls towards crucial scopes and onto the path of lower risk and
increased sustainable cash flow. Financial statements are simply that accept formatting to represent financial data from the income
statement and balance sheet. Statements display financial data in an accurate and uniform manner. The analyzed report gives the idea
about association and impact in a significant manner of Kingfisher Company.
These pre-conceived notions in case of the deal-sealing processes is destructive as some view it as a collaboration or a problem
solving process and the others consider it as a confrontational process. In case of the Kingfisher Company in UK, the people need to
understand that the sole importance needs to be given to the progress and the expansion of the business in terms of joint ventures as
well as sealed relationships instead of letting the differences conquer over the deals. It is done by making it difficult to overcome other
important hurdles already present in the retail industry (Lee, Trimi and Kim 2013).
Direct or the indirect forms of financial budget play a very important role in the successful development of the business in UK.
In certain cases, the customers may communicate based on their particular preferences that comprise of direct communicative
techniques. The confrontation of the different styles of furnishing and orientation in case of the business negotiations are bound to lead
to friction thus harming the overall business deals (Jansen, Cusumano and Brinkkemper 2013).
In the business world, the analysis is essential for the proper execution of the day-to-day operations. The meaning and the
necessity of the interpretation the overcome the barriers of choice that are the most important considerations that people need. In
several cases, business deals are lost due to the involved parties not taking the necessary time to learn about the cultures before their
interaction. The nature of the furnishing of different areas and several other differences of culture are responsible for the change in a
Evaluate non-financial Resources: -
We are eager to find a sufficient employee pool, availability of office space, protection for properties, patents qualitatively and
quantitatively (Craven and Marston 1999).
Prepare a Financial Feasibility Analysis: -
Next, we are eager to start-up and other capital requirements including projected rate of return. The overall attractiveness of
the investment depends on three factors that are- Estimation of sales on annual basis, Estimation costs and budget, Estimation of
Break-even point and profitability.
After completing the financial feasibility analysis, we could consider personal income and financial needs (Chen and Miller
2015). Even, the best business concepts often need several years to take off and reach a desired profit. It might be best for us to permit
time to perform while beginning our business or put off the start-up until sufficient resources are on hand to supply us a regular source
of income.
2.3 Elaboration of Research Question1
Our research question is how financial analysis can have an impact on the Kingfisher industries in UK. We should also
understand the significance of association in the retail management between the employees and the management International business
deals are important part of any sort of business analyses and comprise of cross-cultural connectivity as well. Financial diagnostics and
consultation for businesses of all sizes would comprehend the immense profit of the Kingfisher. The factors include the concepts of
team unity, the risk taking capabilities, sensitivity towards particular cultures and so on (Moran, Abramson and Moran 2014).
We use extensive financial matrices to show the right business of future holds. The yearly report and consultation concentrates
on the current financial activities that need to be transformed, improved and maintained. A yearly financial analysis report and
walkthrough would guide the business away from financial pitfalls towards crucial scopes and onto the path of lower risk and
increased sustainable cash flow. Financial statements are simply that accept formatting to represent financial data from the income
statement and balance sheet. Statements display financial data in an accurate and uniform manner. The analyzed report gives the idea
about association and impact in a significant manner of Kingfisher Company.
These pre-conceived notions in case of the deal-sealing processes is destructive as some view it as a collaboration or a problem
solving process and the others consider it as a confrontational process. In case of the Kingfisher Company in UK, the people need to
understand that the sole importance needs to be given to the progress and the expansion of the business in terms of joint ventures as
well as sealed relationships instead of letting the differences conquer over the deals. It is done by making it difficult to overcome other
important hurdles already present in the retail industry (Lee, Trimi and Kim 2013).
Direct or the indirect forms of financial budget play a very important role in the successful development of the business in UK.
In certain cases, the customers may communicate based on their particular preferences that comprise of direct communicative
techniques. The confrontation of the different styles of furnishing and orientation in case of the business negotiations are bound to lead
to friction thus harming the overall business deals (Jansen, Cusumano and Brinkkemper 2013).
In the business world, the analysis is essential for the proper execution of the day-to-day operations. The meaning and the
necessity of the interpretation the overcome the barriers of choice that are the most important considerations that people need. In
several cases, business deals are lost due to the involved parties not taking the necessary time to learn about the cultures before their
interaction. The nature of the furnishing of different areas and several other differences of culture are responsible for the change in a
11DETERMINANTS OF PROFIT IN GENERAL RETAIL SECTOR
positive or a negative way in case of the different cultures. Thus, the change of the distinctive nature of the home improvement needs
to be kept in mind before the businesses are planned and conducted.
The building of an agreement is extremely essential in case of the business negotiations and the nature of the deals often vary.
The budget influences the ways in which the transactions and the negotiations are sealed. There are different ways in which a
transaction is processed. In case of different types of transactions, different sorts of inductive procedures are to be kept in mind
(Kirchmer 2012).
Another hugely important factor is the risk taking capabilities of organisation. The negotiating style needs to be understood,
the impact of the risk taking also needs to be utilised. The tendencies for the risk taking are dependent on the nature of the approaches
and the responses towards the states of the decision-making. These factors influence the business in the retail industry in UK.
2.4 Elaboration of Research Question2
Research question is to determine the dimensions of retail marketing that have an influence on the outcome of the industries.
Comprehensive financial analysis functions in a one-stop phase. Collaborating with the Kingfisher and other retail business has
provided the data and analytical tools necessary to a long-term strategy, growth planning and insights to avoid the potential turbulence
at the time of operating a business. An insight view of financial of company, yearly detailed analytics, analysis of future ventures and
scopes as well as assisting with managing the money would allow focusing opportunities.
In this process, evaluating business, projects, budgets and other finance-related entities to determine the performance and
stability, financial analysis is used to analyze some monetary investment. The entities should be stable, solvent, liquid or profitable in
nature. A financial analyst conducts analysis on the income statement, balance sheet and cash flow statement. The employee and
management team collaborate and influence the investment of Kingfisher and other Company. The result of association helps to
evaluate economic trends, set financial policy and build long-term plans for business activity. The identification of projects or
companies for investment is incorporated through the synthesis of financial numbers and data.
Sales of Home Depot Inc. have declined in three of the last four years with the rate of deterioration accelerating in financial
year of 2013 to 2017. During this period, Home Retail’s sales earned a huge total. The Company is dependent upon two segments that
are ‘Argos’ and ‘Homebase’. However, both the businesses suffered like-for-like sales declines. At Argos, laptops and tables sales
grew, but the decline in the consumer electronics market, especially TVs and video games systems, more than offset this rise. Overall,
group-operating profit has plummeted.
Lew’s companies Inc entered into a strategic partnership Walgreens, the largest drugstore operator in the US, to create a global
business. Walgreens has invested cash and shares to acquire equality interest in Boots and would acquire the remaining parts in next
few years. However, retail trading profit increased with its trading margin rising. International trading profit growth was significantly
more than domestic. During this period the group reported a decline in sales of retail health products while furniture and toiletry sales
increased.
2.5 Elaboration of Research Question3
Now we are interested to find the correlation undertaken by the retail management in order to deal with the issues related to
home improvement and make the product/service more attractive in the current market. Having a renowned hierarchy in the business
of Kingfisher, handling of disputes is a major issue. Businesses have a good combined effort that is originated by each individual
knowing what their job is and how to do it. Each person of the Kingfisher is expected to tactically deal with multi-tasks and issues
positive or a negative way in case of the different cultures. Thus, the change of the distinctive nature of the home improvement needs
to be kept in mind before the businesses are planned and conducted.
The building of an agreement is extremely essential in case of the business negotiations and the nature of the deals often vary.
The budget influences the ways in which the transactions and the negotiations are sealed. There are different ways in which a
transaction is processed. In case of different types of transactions, different sorts of inductive procedures are to be kept in mind
(Kirchmer 2012).
Another hugely important factor is the risk taking capabilities of organisation. The negotiating style needs to be understood,
the impact of the risk taking also needs to be utilised. The tendencies for the risk taking are dependent on the nature of the approaches
and the responses towards the states of the decision-making. These factors influence the business in the retail industry in UK.
2.4 Elaboration of Research Question2
Research question is to determine the dimensions of retail marketing that have an influence on the outcome of the industries.
Comprehensive financial analysis functions in a one-stop phase. Collaborating with the Kingfisher and other retail business has
provided the data and analytical tools necessary to a long-term strategy, growth planning and insights to avoid the potential turbulence
at the time of operating a business. An insight view of financial of company, yearly detailed analytics, analysis of future ventures and
scopes as well as assisting with managing the money would allow focusing opportunities.
In this process, evaluating business, projects, budgets and other finance-related entities to determine the performance and
stability, financial analysis is used to analyze some monetary investment. The entities should be stable, solvent, liquid or profitable in
nature. A financial analyst conducts analysis on the income statement, balance sheet and cash flow statement. The employee and
management team collaborate and influence the investment of Kingfisher and other Company. The result of association helps to
evaluate economic trends, set financial policy and build long-term plans for business activity. The identification of projects or
companies for investment is incorporated through the synthesis of financial numbers and data.
Sales of Home Depot Inc. have declined in three of the last four years with the rate of deterioration accelerating in financial
year of 2013 to 2017. During this period, Home Retail’s sales earned a huge total. The Company is dependent upon two segments that
are ‘Argos’ and ‘Homebase’. However, both the businesses suffered like-for-like sales declines. At Argos, laptops and tables sales
grew, but the decline in the consumer electronics market, especially TVs and video games systems, more than offset this rise. Overall,
group-operating profit has plummeted.
Lew’s companies Inc entered into a strategic partnership Walgreens, the largest drugstore operator in the US, to create a global
business. Walgreens has invested cash and shares to acquire equality interest in Boots and would acquire the remaining parts in next
few years. However, retail trading profit increased with its trading margin rising. International trading profit growth was significantly
more than domestic. During this period the group reported a decline in sales of retail health products while furniture and toiletry sales
increased.
2.5 Elaboration of Research Question3
Now we are interested to find the correlation undertaken by the retail management in order to deal with the issues related to
home improvement and make the product/service more attractive in the current market. Having a renowned hierarchy in the business
of Kingfisher, handling of disputes is a major issue. Businesses have a good combined effort that is originated by each individual
knowing what their job is and how to do it. Each person of the Kingfisher is expected to tactically deal with multi-tasks and issues
⊘ This is a preview!⊘
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Subscribe today to unlock all pages.
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