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Saks, Neiman Marcus, Nordstrom Strategic group and technology
Title: Saks, Neiman Marcus, Nordstrom Strategic group and technology
Category: Business & Economy
Details: Words: 1644 | Pages: 7.0 (approximately 235 words/page)
Saks, Neiman Marcus, Nordstrom Strategic group and technology
Saks, Neiman Marcus, Nordstrom
Introduction
The retail industry is very large and full of many different strategic groups. There is a strategic group that focuses on the finer tastes in life and caters to a more upper-class market. Three dominant members of this group are Saks Incorporated, the Neiman Marcus Group, and Nordstrom. Through e-commerce strategies we will be able to see the similarities and differences in these firms core competencies and business strategies.
Background
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…showed last 75 words of 1644 total…up for point-of-sale transactions, but they are doing no data mining or organizing information to help them better suit customers tastes and preferences. Nordstrom's efforts in technology are focused at basic inventory and doing away with paper.
Neiman Marcus has the strongest e-commerce strategy followed closely by Saks Inc. Both companies are upgrading current systems to lower costs and focus on the customer. Nordstrom is a bit behind with using technology, but is catching up.
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