Homework: Retailer Relationships, Consumers, and Innovation
Imagine that you are a new marketing strategist for a retail business and wish to examine the practices of existing retailers for a frame of reference. Go to The World's Largest U.S. Retail Chains in 2017 and select from the list a retailer in which you are interested.
Write a six to eight pages paper in which you:
i. Determine which of the retailers from the website is currently the most successful at strategic planning and building relationships. Support your position with one example of such success.
ii. For the retailer you selected, recommend three actions that would enhance relationships with its customers.
iii. Analyze and discuss the characteristics of ownership of the selected retailer and justify your logic.
iv. Analyze and discuss the nontraditional forms of retailing of the selected retailer. Suggest two actions that the retailer can implement to take advantage of the consumer trends in retailing.
v. Describe the target consumer for this retailer and the buying process this consumer uses specific to this retailer.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.