Internationalisation Flashcards
In which year did Tesco open stores in Hungary?
1994
In which year did Tesco enter Poland?
1995
In which year did Tesco enter the Czech Republic?
1996
In which year did sainsburys buy US retailer shaws?
1987
How much did Sainsbury’s pay for US retailer Shaws?
$287bn
In which year did Sainsbury’s buy a 20% stake in Giant?
1996
Why was Giant a good purchase?
One third of Washington/Baltimore market, coupled with zero debt
Which geographical areas did Sainsbury’s represent following these ventures?
new Jersey and SE Pennsylvania
In which year did Sainsbury’s plan to purchase Giant? And for how much?
1998, $2bn
How much did Ahold bid for Giant, surpassing Sainsbury’s bis considerably?
18-20bn
Which year did Wal Mart enter the U.S. Market?
1946
Which year did Walmart open its first large store, AND, How big were these stores?
1962, 96000 soft
Which year was Walmart floated on the stockmarket?
1970
Walmarts super centres: how big are they and when did they first appear?
200,000sqft, 1988
Name the TEN reasons why retailers may expand into international
Markets.
1) home market saturation
2) following a certain type of consumer - eg euro consumer
3) entrepreneurialism
4) wanting to be in a global centre for status (eg Milan)
5) search for better profit margins
6) targeting culturally similar groups of consumer - Brits abroad!
7) domestic planning restrictions
8) first mover advantage
9) capital pressures - accumulation for accumulations sake!
10) economic strongholds - emerging economies?
Burt et al 2008 state that a holds us market As a percentage of its revenue was what in 2005?
61%
Which academic stated that cultural similarity is a key tenet of retail internationalisation, but that similarly it was not a guarantee of success?
Burt et Al 2008
There is a list of 10 reasons why businesses go international, burt et al 2008 ,entire one other very interesting one, which is it?
That retailer ‘asset swap’, so therefore go through different processes to increase Market share.
