SlideShare ist ein Scribd-Unternehmen logo
1 von 11
Corrick’sStationery StoreCorrick’sStationery Store
Located in SantaRosa, CALocated in SantaRosa, CA
By Tristan Geiger
HistoryHistory
 Corrick’s is one of the oldest business in Santa Rosa
 The store was established in 1915 when Arthur Rae Corrick joined and
purchased a substantial interest in the C.A. Wright & Co., a stationery and book
store that had been around since the 1880’s.
 When he became owner he expanded products and services to greeting cards,
furniture and office supplies, and a lending library in which locals could check
out books.
 During WWII Marjorie Corrick, daughter of Mr. & Mrs. A.R. Corrick, married
Kenneth Brown who purchased half interest in the firm and assumed
management of Corrick’s.
 When Kenneth Brown took over management the store had 25-30 employees.
The Browns added inventory such as fine china, silver, and crystal gifts.
HistoryHistory
 Corrick’s continues to be family run
 In 1957, Mr. & Mrs. Brown’s son, Corrick Brown, took over management of the
store. In 1973, they moved and cut some departments, but expanded their social
stationery, wedding, toys & games, maps & globes, and art supplies departments.
 In the late 1980’s Keven Brown assumed management of the store, making it
fourth generation family owned.
Fig. 1. Corrick’sin 1939 Fig. 2. OutsideCorrick’sToday
Products& Services/Missions& ObjectivesProducts& Services/Missions& Objectives
 Corrick’s has a variety of gifts & services
 Corrick’s carries china and dinnerware, crystal bowls to crystal jewelry. Silver
items such as baby cups & frames, toys & games, art supplies, office supplies,
greeting cards & fine stationery, a wedding department & other gifts.
 Services include custom printing for invitations for all occasion and orders for
specialty products.
 Corrick’s tries to bridge the gap between business and
culture
 Corrick’s mission is to provide quality customer service to customers through
product knowledge. Friendly staff will assist customers and educate customers
about products so that they know they are purchasing the right products.
 Store manager Keven Brown has integrated the local community into the store by
providing room for a art gallery, tasting room, and frame shop.
Mission & ObjectsMission & Objects
 Corrick’s owner Keven Brown has partnered with family-
run businesses, which are located within the store.
Fig. 1. Ancient Oak Cellars Fig. 3. My Daughter theFramer
Fig. 2. ARTrailsGallery at Corrick’s
Social & Political ImpactsSocial & Political Impacts
 Changes in the external environment have a dramatic
impact on the store
 Consumers buy necessities rather than luxuries, so the store loses profit since the
majority of the products are gift oriented.
 Consumers are trying to “Think Green” by buying recycled and environmentally
friendly products. Corrick’s had to change its buying trends to meet their needs.
Consumers also want to buy products made in the USA, so the store had to drop
product lines that outsource production to Asian countries.
 Political impacts have affected employee’s access to healthcare. Part-time
employees used to receive health benefits but now only full-time employees have
them. Additionally, taxes on the business and access to loans have slowed
expansion plans.
Economic & Technological ImpactsEconomic & Technological Impacts
 Changes in the external environment have a dramatic
impact on the store
 Economic impacts include distributers who raise prices on products and increase
the minimum amount of money to make an order. Additionally, they have
increased shipping costs and added fuel surcharges. In effect, Corrick’s is forced
to mark up products, which causes customers to stop coming to the store.
 Having less money to buy products causes managers to decrease the number of
product lines they carry.
 Technological impacts include the increase in computer technology. Companies
communicate through email and give better discounts through online orders.
Many Corrick’s employees had limited experience with computers and were
forced to catch up quickly.
 Online retailers have hit Corrick’s hard. They can sell products at low prices and
attract a more diverse customer base.
 Social networks and email marketing help gain a greater customer base.
Corrick’s did not get on board until about 2 years ago, so they have lost many
customers.
SWOT Analysis- Strengths& WeaknessesSWOT Analysis- Strengths& Weaknesses
 Understanding strengths & weaknesses help companies
get a better position in their market.
 Strengths: They have been around for almost 100 years, so customers know they
can depend on them to provide excellent customer service and the products they
demand. Additionally, they have employees who have product knowledge
experience, so customer know the store can be trusted.
 Strengths: They have the ability to get unique items that customers won’t find
elsewhere. Corrick’s has also integrated a frame shop, tasting room, and art
gallery, which no one has done in Santa Rosa.
 Weaknesses: Corrick’s has to mark up prices because they don’t buy in bulk.
They can’t stock every product because they don’t have enough money or shelf
space.
 Weaknesses: Buyers have poor buying habits because they buy too much of one
product, they don’t look at competing companies prices, and they don’t have an
online retail website.
SWOT Analysis- Opportunities& ThreatsSWOT Analysis- Opportunities& Threats
 Understanding opportunities & threats help companies get a
better position in their market.
 Opportunities: The store is in the middle of wine country where art and wine mix.
They have the opportunity to attract that customer base with the ARTrails gallery,
frame shop, and tasting room.
 Opportunities: They can use new advertising mediums such as social networking
sites, online coupons, radio, television, bulletin boards, and movie theaters.
 Threats: Extreme threats come from big-box stores and department stores. These
stores have lower prices, more variety of brand-name products, multiple retail
locations, and online retail stores. Additionally, they can order large amounts of
product and may be able to return them if they don’t sell.
 Threats: Larger businesses have access to global markets, which appeal to
consumers. Some companies won’t sell their products to Corrick’s because they are
too small. Threats also include cash flow problems; big companies have more money
to send to other parts of the business that is hurting, while small businesses cannot.
SWOT Analysis: Focus& ImprovementsSWOT Analysis: Focus& Improvements
 Managers need to create better advertising and customer
incentives
 Construct advertising plans: Look for the local newspaper’s and magazine’s
online sites where locals and tourists are looking for travel destinations. Talk to
advertisers and make sure to headline Corrick’s products instead of the ARTrails
gallery, frame shop, and tasting room.
 Create a series of six ads that target different types of people. Make sure different
ones are rotated on the sites every other week.
 Managers should closeout products that aren’t selling about 6 to 7 times a year.
 Buyers should pay attention to market trends, pay attention to customers’
feedback, and check in on what competitors are doing. They should talk to
company reps on a monthly basis to see what is and isn’t selling, so buyers will
have a better idea of what to purchase.
Management/LeadershipManagement/Leadership
 The managers at Corrick’s use supportive and
participative leadership.
 The general manager, who works in the back of the store, asks employees about
potential store changes, such as product ordering or designing a new floor plan.
 The manager in the back of the store takes employees suggestions when making
decisions. She empowers employees by promoting them to make projects and
complete them within their own timeline. She listens to employees’ needs and
helps them find solutions when there are problems. Additionally, she gives
constructive feedback.

Weitere ähnliche Inhalte

Was ist angesagt?

Business plan for_retail_shop
Business plan for_retail_shopBusiness plan for_retail_shop
Business plan for_retail_shopAbdulla chowdhury
 
Segmenting, Targeting and Positioning of the toothpaste industry
Segmenting, Targeting and Positioning of the toothpaste industrySegmenting, Targeting and Positioning of the toothpaste industry
Segmenting, Targeting and Positioning of the toothpaste industrySohinee Dabeedyal
 
Recruiting and selecting the sales force
Recruiting and selecting the sales forceRecruiting and selecting the sales force
Recruiting and selecting the sales forceSana Hassan Afridi
 
Retail marketing communication
Retail marketing communicationRetail marketing communication
Retail marketing communicationPranav Khullar
 
Business plan "The stationery shop"
Business plan "The stationery shop"Business plan "The stationery shop"
Business plan "The stationery shop"diaryinc
 
Business plan on handicraft .. doc
Business plan on handicraft .. docBusiness plan on handicraft .. doc
Business plan on handicraft .. docBiplob Babu
 
1. Basics of retailing, Types of retailers
1. Basics of retailing, Types of retailers1. Basics of retailing, Types of retailers
1. Basics of retailing, Types of retailersDr. Parveen Kaur Nagpal
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distributionPrabhdeep Kaur
 
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOUR
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOURCONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOUR
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOURAshish Hande
 
Crossroads presentation
Crossroads presentationCrossroads presentation
Crossroads presentationKittu Rajpal
 
Retail marketing strategy
Retail marketing strategyRetail marketing strategy
Retail marketing strategySakthivel R
 
Managing retailing, wholesaling and logistics
Managing retailing, wholesaling and logisticsManaging retailing, wholesaling and logistics
Managing retailing, wholesaling and logisticsjiten parmar
 

Was ist angesagt? (20)

Business plan for_retail_shop
Business plan for_retail_shopBusiness plan for_retail_shop
Business plan for_retail_shop
 
Segmenting, Targeting and Positioning of the toothpaste industry
Segmenting, Targeting and Positioning of the toothpaste industrySegmenting, Targeting and Positioning of the toothpaste industry
Segmenting, Targeting and Positioning of the toothpaste industry
 
Introduction to Retail
Introduction to RetailIntroduction to Retail
Introduction to Retail
 
Distribution strategy ppt
Distribution strategy pptDistribution strategy ppt
Distribution strategy ppt
 
Recruiting and selecting the sales force
Recruiting and selecting the sales forceRecruiting and selecting the sales force
Recruiting and selecting the sales force
 
Retail formats
Retail formatsRetail formats
Retail formats
 
Retail marketing mix and planning
Retail marketing mix and planningRetail marketing mix and planning
Retail marketing mix and planning
 
Retail marketing communication
Retail marketing communicationRetail marketing communication
Retail marketing communication
 
Business plan "The stationery shop"
Business plan "The stationery shop"Business plan "The stationery shop"
Business plan "The stationery shop"
 
Business plan on handicraft .. doc
Business plan on handicraft .. docBusiness plan on handicraft .. doc
Business plan on handicraft .. doc
 
Service branding
Service brandingService branding
Service branding
 
1. Basics of retailing, Types of retailers
1. Basics of retailing, Types of retailers1. Basics of retailing, Types of retailers
1. Basics of retailing, Types of retailers
 
Channels of distribution
Channels of distributionChannels of distribution
Channels of distribution
 
Kirana stores
Kirana storesKirana stores
Kirana stores
 
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOUR
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOURCONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOUR
CONSUMER BEHAVIOUR INDUSTRIAL BUYING BEHAVIOUR
 
Crossroads presentation
Crossroads presentationCrossroads presentation
Crossroads presentation
 
Retail marketing strategy
Retail marketing strategyRetail marketing strategy
Retail marketing strategy
 
Retail Strategy
Retail StrategyRetail Strategy
Retail Strategy
 
Retail formats
Retail formatsRetail formats
Retail formats
 
Managing retailing, wholesaling and logistics
Managing retailing, wholesaling and logisticsManaging retailing, wholesaling and logistics
Managing retailing, wholesaling and logistics
 

Ähnlich wie Corrick’s Stationery Store: Over 100 Years of Family History in Santa Rosa

Gooten - Print On-Demand & Dropshipping Fulfillment
Gooten - Print On-Demand & Dropshipping FulfillmentGooten - Print On-Demand & Dropshipping Fulfillment
Gooten - Print On-Demand & Dropshipping FulfillmentGooten
 
Lecture 1 Examples of Retail Mix.pdf
Lecture 1 Examples of Retail Mix.pdfLecture 1 Examples of Retail Mix.pdf
Lecture 1 Examples of Retail Mix.pdfQunhNguyn103823
 
BONGWATER DECK 05.15.pdf
BONGWATER DECK 05.15.pdfBONGWATER DECK 05.15.pdf
BONGWATER DECK 05.15.pdfColeMagnacca1
 
MIT Sloan Rotman Design Challenge: Target Retail Strategy
MIT Sloan Rotman Design Challenge: Target Retail Strategy MIT Sloan Rotman Design Challenge: Target Retail Strategy
MIT Sloan Rotman Design Challenge: Target Retail Strategy Victoria Young
 
Doodles by Target
Doodles by Target Doodles by Target
Doodles by Target Elva Jiang
 
BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship
 BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship
BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” EntreprenourshipMubasher Fiaz
 
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdf
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdfentrepreneur-report-group-2-final-230324061035-4261cf6d.pdf
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdfkq7bz6qhr4
 
Recognize and Understand the Market
Recognize and Understand the MarketRecognize and Understand the Market
Recognize and Understand the MarketJustinHarveyMacalagu
 
Entrepreneurship Recognize the potential market
Entrepreneurship Recognize the potential marketEntrepreneurship Recognize the potential market
Entrepreneurship Recognize the potential marketCleofeMaghinay3
 
Deloitte Global-Powers-of-Retailing 2017
Deloitte Global-Powers-of-Retailing 2017Deloitte Global-Powers-of-Retailing 2017
Deloitte Global-Powers-of-Retailing 2017Oliver Grave
 
Field Agent Xmas Shopper Insight
Field Agent Xmas Shopper InsightField Agent Xmas Shopper Insight
Field Agent Xmas Shopper InsightRobin Shuker
 
Theme Essay Conclusion Example. Online assignment writing service.
Theme Essay Conclusion Example. Online assignment writing service.Theme Essay Conclusion Example. Online assignment writing service.
Theme Essay Conclusion Example. Online assignment writing service.Lisa Taylor
 
Anthropologie
AnthropologieAnthropologie
Anthropologieacmayeux
 
Janet Rhodes Brings You Fair Trade
Janet Rhodes Brings You Fair TradeJanet Rhodes Brings You Fair Trade
Janet Rhodes Brings You Fair Trademckenzta
 
Redirecting Retail in a Slowing Economy
Redirecting Retail in a Slowing EconomyRedirecting Retail in a Slowing Economy
Redirecting Retail in a Slowing EconomyThe Bergstrom Group
 

Ähnlich wie Corrick’s Stationery Store: Over 100 Years of Family History in Santa Rosa (20)

Gooten - Print On-Demand & Dropshipping Fulfillment
Gooten - Print On-Demand & Dropshipping FulfillmentGooten - Print On-Demand & Dropshipping Fulfillment
Gooten - Print On-Demand & Dropshipping Fulfillment
 
MARKETING PLAN/MY MINY ME
MARKETING PLAN/MY MINY MEMARKETING PLAN/MY MINY ME
MARKETING PLAN/MY MINY ME
 
Sears Roebuck & Co.
Sears Roebuck & Co.Sears Roebuck & Co.
Sears Roebuck & Co.
 
Lecture 1 Examples of Retail Mix.pdf
Lecture 1 Examples of Retail Mix.pdfLecture 1 Examples of Retail Mix.pdf
Lecture 1 Examples of Retail Mix.pdf
 
BONGWATER DECK 05.15.pdf
BONGWATER DECK 05.15.pdfBONGWATER DECK 05.15.pdf
BONGWATER DECK 05.15.pdf
 
MIT Sloan Rotman Design Challenge: Target Retail Strategy
MIT Sloan Rotman Design Challenge: Target Retail Strategy MIT Sloan Rotman Design Challenge: Target Retail Strategy
MIT Sloan Rotman Design Challenge: Target Retail Strategy
 
Doodles by Target
Doodles by Target Doodles by Target
Doodles by Target
 
BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship
 BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship
BUSINESS PLAN ON “CUSTOMIZED GIFT BASKET” Entreprenourship
 
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdf
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdfentrepreneur-report-group-2-final-230324061035-4261cf6d.pdf
entrepreneur-report-group-2-final-230324061035-4261cf6d.pdf
 
Recognize and Understand the Market
Recognize and Understand the MarketRecognize and Understand the Market
Recognize and Understand the Market
 
Entrepreneurship Recognize the potential market
Entrepreneurship Recognize the potential marketEntrepreneurship Recognize the potential market
Entrepreneurship Recognize the potential market
 
34SIMILARIT Y I.docx
34SIMILARIT Y I.docx34SIMILARIT Y I.docx
34SIMILARIT Y I.docx
 
Deloitte Global-Powers-of-Retailing 2017
Deloitte Global-Powers-of-Retailing 2017Deloitte Global-Powers-of-Retailing 2017
Deloitte Global-Powers-of-Retailing 2017
 
Field Agent Xmas Shopper Insight
Field Agent Xmas Shopper InsightField Agent Xmas Shopper Insight
Field Agent Xmas Shopper Insight
 
Theme Essay Conclusion Example. Online assignment writing service.
Theme Essay Conclusion Example. Online assignment writing service.Theme Essay Conclusion Example. Online assignment writing service.
Theme Essay Conclusion Example. Online assignment writing service.
 
Anthropologie
AnthropologieAnthropologie
Anthropologie
 
Janet Rhodes Brings You Fair Trade
Janet Rhodes Brings You Fair TradeJanet Rhodes Brings You Fair Trade
Janet Rhodes Brings You Fair Trade
 
Content Revolution: Creating Genuine Connections through Brand Listening to G...
Content Revolution: Creating Genuine Connections through Brand Listening to G...Content Revolution: Creating Genuine Connections through Brand Listening to G...
Content Revolution: Creating Genuine Connections through Brand Listening to G...
 
Redirecting Retail in a Slowing Economy
Redirecting Retail in a Slowing EconomyRedirecting Retail in a Slowing Economy
Redirecting Retail in a Slowing Economy
 
Kohl's Case Study
Kohl's Case StudyKohl's Case Study
Kohl's Case Study
 

Kürzlich hochgeladen

0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMRavindra Nath Shukla
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Tina Ji
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxtrishalcan8
 

Kürzlich hochgeladen (20)

0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Monte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSMMonte Carlo simulation : Simulation using MCSM
Monte Carlo simulation : Simulation using MCSM
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Best Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting PartnershipBest Practices for Implementing an External Recruiting Partnership
Best Practices for Implementing an External Recruiting Partnership
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptxSocio-economic-Impact-of-business-consumers-suppliers-and.pptx
Socio-economic-Impact-of-business-consumers-suppliers-and.pptx
 

Corrick’s Stationery Store: Over 100 Years of Family History in Santa Rosa

  • 1. Corrick’sStationery StoreCorrick’sStationery Store Located in SantaRosa, CALocated in SantaRosa, CA By Tristan Geiger
  • 2. HistoryHistory  Corrick’s is one of the oldest business in Santa Rosa  The store was established in 1915 when Arthur Rae Corrick joined and purchased a substantial interest in the C.A. Wright & Co., a stationery and book store that had been around since the 1880’s.  When he became owner he expanded products and services to greeting cards, furniture and office supplies, and a lending library in which locals could check out books.  During WWII Marjorie Corrick, daughter of Mr. & Mrs. A.R. Corrick, married Kenneth Brown who purchased half interest in the firm and assumed management of Corrick’s.  When Kenneth Brown took over management the store had 25-30 employees. The Browns added inventory such as fine china, silver, and crystal gifts.
  • 3. HistoryHistory  Corrick’s continues to be family run  In 1957, Mr. & Mrs. Brown’s son, Corrick Brown, took over management of the store. In 1973, they moved and cut some departments, but expanded their social stationery, wedding, toys & games, maps & globes, and art supplies departments.  In the late 1980’s Keven Brown assumed management of the store, making it fourth generation family owned. Fig. 1. Corrick’sin 1939 Fig. 2. OutsideCorrick’sToday
  • 4. Products& Services/Missions& ObjectivesProducts& Services/Missions& Objectives  Corrick’s has a variety of gifts & services  Corrick’s carries china and dinnerware, crystal bowls to crystal jewelry. Silver items such as baby cups & frames, toys & games, art supplies, office supplies, greeting cards & fine stationery, a wedding department & other gifts.  Services include custom printing for invitations for all occasion and orders for specialty products.  Corrick’s tries to bridge the gap between business and culture  Corrick’s mission is to provide quality customer service to customers through product knowledge. Friendly staff will assist customers and educate customers about products so that they know they are purchasing the right products.  Store manager Keven Brown has integrated the local community into the store by providing room for a art gallery, tasting room, and frame shop.
  • 5. Mission & ObjectsMission & Objects  Corrick’s owner Keven Brown has partnered with family- run businesses, which are located within the store. Fig. 1. Ancient Oak Cellars Fig. 3. My Daughter theFramer Fig. 2. ARTrailsGallery at Corrick’s
  • 6. Social & Political ImpactsSocial & Political Impacts  Changes in the external environment have a dramatic impact on the store  Consumers buy necessities rather than luxuries, so the store loses profit since the majority of the products are gift oriented.  Consumers are trying to “Think Green” by buying recycled and environmentally friendly products. Corrick’s had to change its buying trends to meet their needs. Consumers also want to buy products made in the USA, so the store had to drop product lines that outsource production to Asian countries.  Political impacts have affected employee’s access to healthcare. Part-time employees used to receive health benefits but now only full-time employees have them. Additionally, taxes on the business and access to loans have slowed expansion plans.
  • 7. Economic & Technological ImpactsEconomic & Technological Impacts  Changes in the external environment have a dramatic impact on the store  Economic impacts include distributers who raise prices on products and increase the minimum amount of money to make an order. Additionally, they have increased shipping costs and added fuel surcharges. In effect, Corrick’s is forced to mark up products, which causes customers to stop coming to the store.  Having less money to buy products causes managers to decrease the number of product lines they carry.  Technological impacts include the increase in computer technology. Companies communicate through email and give better discounts through online orders. Many Corrick’s employees had limited experience with computers and were forced to catch up quickly.  Online retailers have hit Corrick’s hard. They can sell products at low prices and attract a more diverse customer base.  Social networks and email marketing help gain a greater customer base. Corrick’s did not get on board until about 2 years ago, so they have lost many customers.
  • 8. SWOT Analysis- Strengths& WeaknessesSWOT Analysis- Strengths& Weaknesses  Understanding strengths & weaknesses help companies get a better position in their market.  Strengths: They have been around for almost 100 years, so customers know they can depend on them to provide excellent customer service and the products they demand. Additionally, they have employees who have product knowledge experience, so customer know the store can be trusted.  Strengths: They have the ability to get unique items that customers won’t find elsewhere. Corrick’s has also integrated a frame shop, tasting room, and art gallery, which no one has done in Santa Rosa.  Weaknesses: Corrick’s has to mark up prices because they don’t buy in bulk. They can’t stock every product because they don’t have enough money or shelf space.  Weaknesses: Buyers have poor buying habits because they buy too much of one product, they don’t look at competing companies prices, and they don’t have an online retail website.
  • 9. SWOT Analysis- Opportunities& ThreatsSWOT Analysis- Opportunities& Threats  Understanding opportunities & threats help companies get a better position in their market.  Opportunities: The store is in the middle of wine country where art and wine mix. They have the opportunity to attract that customer base with the ARTrails gallery, frame shop, and tasting room.  Opportunities: They can use new advertising mediums such as social networking sites, online coupons, radio, television, bulletin boards, and movie theaters.  Threats: Extreme threats come from big-box stores and department stores. These stores have lower prices, more variety of brand-name products, multiple retail locations, and online retail stores. Additionally, they can order large amounts of product and may be able to return them if they don’t sell.  Threats: Larger businesses have access to global markets, which appeal to consumers. Some companies won’t sell their products to Corrick’s because they are too small. Threats also include cash flow problems; big companies have more money to send to other parts of the business that is hurting, while small businesses cannot.
  • 10. SWOT Analysis: Focus& ImprovementsSWOT Analysis: Focus& Improvements  Managers need to create better advertising and customer incentives  Construct advertising plans: Look for the local newspaper’s and magazine’s online sites where locals and tourists are looking for travel destinations. Talk to advertisers and make sure to headline Corrick’s products instead of the ARTrails gallery, frame shop, and tasting room.  Create a series of six ads that target different types of people. Make sure different ones are rotated on the sites every other week.  Managers should closeout products that aren’t selling about 6 to 7 times a year.  Buyers should pay attention to market trends, pay attention to customers’ feedback, and check in on what competitors are doing. They should talk to company reps on a monthly basis to see what is and isn’t selling, so buyers will have a better idea of what to purchase.
  • 11. Management/LeadershipManagement/Leadership  The managers at Corrick’s use supportive and participative leadership.  The general manager, who works in the back of the store, asks employees about potential store changes, such as product ordering or designing a new floor plan.  The manager in the back of the store takes employees suggestions when making decisions. She empowers employees by promoting them to make projects and complete them within their own timeline. She listens to employees’ needs and helps them find solutions when there are problems. Additionally, she gives constructive feedback.

Hinweis der Redaktion

  1. 04/30/13
  2. 04/30/13
  3. Fig. 1. Unknown (1939). Santa Rosa: 1939 (Digital Photograph). Retrieved from Sonoma County Library Database. Fig. 2. Geiger, T. (2012, November) Outside Corrick’s Today (Digital Photograph). 04/30/13
  4. 04/30/13
  5. Fig. 1. Geiger, T. (2012, November) Ancient Oak Cellars (Digital Photograph). Fig. 2. Geiger, T. (2012, November) ARTrails Gallery at Corrick’s (Digital Photograph). Fig. 3. Geiger, T. (2012, November) My Daughter the Framer (Digital Photograph). 04/30/13
  6. 04/30/13
  7. 04/30/13
  8. 04/30/13
  9. 04/30/13
  10. 04/30/13
  11. 04/30/13