Retailers Dash to Fill Void Left by Toys ‘R’ Us Collapse
By Paul Ziobro | Oct 08, 2018
TOPICS: Consumer Behavior, E-Commerce, Retailing, Supply Chain Management
SUMMARY: After the collapse of Toys “R” Us, billions of dollars of holiday toy sales are up for grabs. Retailers are vying for a piece of the action. (Related article) Retailers and logistics operators are bringing robotics and artificial intelligence to distribution centers to move online orders at a faster pace in a tight labor market.
CLASSROOM APPLICATION: It is a challenge to maintain sufficient product inventory for the holiday shopping season when consumers want those products without accumulating excess inventory after the holiday season that would drag down a retailer’s financial results. Summarize the central challenge that retailers face with respect to inventory during the holiday shopping season.
1. (Introductory) With respect to the holiday shopping season, what was Toys ‘R’ Us able to do that other retailers and e-commerce platforms are not able to do?
2. (Advanced) List and describe at least two strategies that retailers are trying in an effort to capture the sales that Toys ‘R’ Us used to capture?
3. (Advanced) Explain why inventory is such an important issue in retailing, particularly during the holiday shopping season.
4. (Advanced) What impact is the current labor market having on the retail industry? How are retailers trying to handle this issue?
READ THE ARTICLE
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more