Fourth Step Of course, nothing stands still in the world of retaling Just as you start to celebrate the loss of a key competitor another news item hits the local paper Wal-Mart is coming to town!! Ouch! What will this mean for your business? Your boss sends you out to the nearest existing Wal-Mart store to shop their Men's Sport Shirt offering. You must prepare immediately for their arrival. Here is your new competitive shopping analysis Men's Sport Shirts Millard's Thomas & Kohil's Target Wal Mart Now to Town) (G Assignment Question 4. Given this new competitive situation, which segments of your business do you think should be expanded and which should be contracted or perhaps even abandoned? Answer this question by simply filling in the blank squares (in the chart below in bold) to show your proposed price ranges and % of class proportions. (You will explain your decisions in question 5.) Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Millard's Thomas & Range Blake (Going out of Business) Price of Price of Range Class RangeCh Budget Town) Price % of Price a nge ClassR e $11.1935% $10-20 of Class 100% Price Range 58.18 % of Class 100% Regular Moderate $20:45 SS 5 20-10 65% Better $48-120 45% 100% 100% Total Budget Big Tall S10-22 100% Moderate 525-35 65% Hetter $42.) 35% Thal MON Assignment Question 5. Please explain each of the adjustments you have made to your assortment. Why have you made them? Based on what? Substantiate your proposed changes with specific, factual reasons. Fourth Step Of course, nothing stands still in the world of retailing. Just as you start to celebrate the loss of a key competitor, another news item hits the local paper: Wal-Mart is coming to town!! Ouch! What will this mean for your business? Your boss sends you out to the nearest existing Wal-Mart store to shop their Men's Sport Shirt offering. You must prepare immediately for their arrival. Here is your new competitive shopping analysis: Sure Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Price Millard's Thomas & Blake (Going out of Business) Price of Price % of Range Class Budget Town) Rue Claus Price of Range Class S11.1935% Price Range S10-20 % of Class TOP Price Range $.18 % of Class 100% Regular $12.1 15% Modnate .100 % $20.45 55 SIN:120454 Total 20.4050 $42.NO 354 100 $14-20209 100 To Tall $10.32100 Moderate 22.40 60% $44.500 100 1 $25.3565 S2000 10 Total 100 Assignment Question 4. Given this new competitive situation, which segments of your business do you think should be expanded and which should be contracted or perhaps even abandoned? Answer this question by simply filling in the blank squares (in the chart below in bold) to show your proposed price ranges and % of class proportions. (You will explain your decisions in question 5.) Price Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Millard's Thomas & Range Blake (Going out of Business) Price % of Price of Range Class RangeCh Budget Town) Price of Price R a ClassR e $11.1935% $10-20 of Class 100% Price Range 88-18 % of Class 100% Regular Moderate $20:45 55% 520-30 65% Butter $48-120 45% Total 100% 100% Big Tall Budget S10-22 100% Moderate $25-35 65% Better $42.90 3594 Thal MON Assignment Question 5. Please explain each of the adjustments you have made to your assortment. Why have you made them? Based on what? Substantiate your proposed changes with specific, factual reasons. Fourth Step Of course, nothing stands still in the world of retaling Just as you start to celebrate the loss of a key competitor another news item hits the local paper Wal-Mart is coming to town!! Ouch! What will this mean for your business? Your boss sends you out to the nearest existing Wal-Mart store to shop their Men's Sport Shirt offering. You must prepare immediately for their arrival. Here is your new competitive shopping analysis Men's Sport Shirts Millard's Thomas & Kohil's Target Wal Mart Now to Town) (G Assignment Question 4. Given this new competitive situation, which segments of your business do you think should be expanded and which should be contracted or perhaps even abandoned? Answer this question by simply filling in the blank squares (in the chart below in bold) to show your proposed price ranges and % of class proportions. (You will explain your decisions in question 5.) Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Millard's Thomas & Range Blake (Going out of Business) Price of Price of Range Class RangeCh Budget Town) Price % of Price a nge ClassR e $11.1935% $10-20 of Class 100% Price Range 58.18 % of Class 100% Regular Moderate $20:45 SS 5 20-10 65% Better $48-120 45% 100% 100% Total Budget Big Tall S10-22 100% Moderate 525-35 65% Hetter $42.) 35% Thal MON Assignment Question 5. Please explain each of the adjustments you have made to your assortment. Why have you made them? Based on what? Substantiate your proposed changes with specific, factual reasons. Fourth Step Of course, nothing stands still in the world of retailing. Just as you start to celebrate the loss of a key competitor, another news item hits the local paper: Wal-Mart is coming to town!! Ouch! What will this mean for your business? Your boss sends you out to the nearest existing Wal-Mart store to shop their Men's Sport Shirt offering. You must prepare immediately for their arrival. Here is your new competitive shopping analysis: Sure Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Price Millard's Thomas & Blake (Going out of Business) Price of Price % of Range Class Budget Town) Rue Claus Price of Range Class S11.1935% Price Range S10-20 % of Class TOP Price Range $.18 % of Class 100% Regular $12.1 15% Modnate .100 % $20.45 55 SIN:120454 Total 20.4050 $42.NO 354 100 $14-20209 100 To Tall $10.32100 Moderate 22.40 60% $44.500 100 1 $25.3565 S2000 10 Total 100 Assignment Question 4. Given this new competitive situation, which segments of your business do you think should be expanded and which should be contracted or perhaps even abandoned? Answer this question by simply filling in the blank squares (in the chart below in bold) to show your proposed price ranges and % of class proportions. (You will explain your decisions in question 5.) Price Kohl's Target Range Wal-Mart (New to Men's Sport Shirts Millard's Thomas & Range Blake (Going out of Business) Price % of Price of Range Class RangeCh Budget Town) Price of Price R a ClassR e $11.1935% $10-20 of Class 100% Price Range 88-18 % of Class 100% Regular Moderate $20:45 55% 520-30 65% Butter $48-120 45% Total 100% 100% Big Tall Budget S10-22 100% Moderate $25-35 65% Better $42.90 3594 Thal MON Assignment Question 5. Please explain each of the adjustments you have made to your assortment. Why have you made them? Based on what? Substantiate your proposed changes with specific, factual reasons