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Assessment 2 – Essay about a Contemporary Retailing Issue
Instruction
Choose one (1) from the below topics to write an essay (maximum 1500 words excluding
references) in which you should critically evaluate and discuss the chosen issue. Students are
required to apply concepts and theories they have learned during the semester, and to discuss
in detail the evidence from secondary sources
...[Show More]
1
Assessment 2 – Essay about a Contemporary Retailing Issue
Instruction
Choose one (1) from the below topics to write an essay (maximum 1500 words excluding
references) in which you should critically evaluate and discuss the chosen issue. Students are
required to apply concepts and theories they have learned during the semester, and to discuss
in detail the evidence from secondary sources that can be integrated in evaluating the issue.
To find the evidence, students should independently research secondary sources such as
academic and business journals, text book material, company reports, newspapers, the
internet and various media sources. The essay must be cited and referenced with relevant,
adequate, and up to date references. Soft copies of the essays should be submitted through
allocated Assignments on MyLO.
Topic 1.
Growth of online shopping
The evolution of online retailing has transformed from a highly price sensitive market centred
on a few product types to a broad range of goods and services across varying price points.
This increase in sophistication will coincide with expansion of the internet's content and
capabilities, making execution and personalisation two top priorities for retailers looking to
stand out.
Topic 2.
An appropriate merchandise and brand mix
When consumers enter a grocery store or a department store, literally thousands of brands
bombard their visual field. Some of the brands are national brands, but store brands or private
labels have witnessed considerable growth. Some successful retailers have exclusively
carried private labels (e.g., Victoria’s Secret, The Gap), while others attempt to increase the
overall quality and importance of their private label brands (e.g., Cole, Target), in order to
enhance customer loyalty through their brands.
Topic 3.
The perks and benefits of a loyalty program
In a reward point economy, customers spend to receive rewards, incentives and product
updates. In a retail industry where there may appear to be little differentiation in product
offerings, a good loyalty program may influence store choices. Retailers however may have
an uphill battle in their quest to offer differentiated customer service as consumers are
becoming more wary of joining yet another loyalty program.
Topic 4.
Global price transparency
The nature of the internet means that consumers and competitors can see the prices set by any
retailers in the marketplace. Consequently, showrooming and comparison shopping prevail
amongst consumers who become increasingly price sensitive than ever, for example, they
choose to cherry-pick across stores. To react to bargain hunting and price comparison
behaviours, retailers become promotion-driven, especially during the economic downturn.
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