Giordano also advertise its product on its corporate website so to make it easier for consumers to access its company information easily with just a click on the mouse, consumers are able to find out the information they looking for. A threat from United States—based The Gap was also looming.
However, with the Asian economy booming, customers now have more disposable income and spending power. Revenue Recognition8 Revenue is recognized when it is probable that the economic benefits will flow to the Group and when the revenue can be measured reliably, on the following bases: At the end of each day, the information was compiled at the store level and sent to the sales department and the distribution center.
Giordano can grab this opportunity to earn money by focusing on offering lower end goods which would come in the form of lower prices, thus appealing to the thrifty customers in this period. Singapore has faced technical recession for the last 2 consecutive quarters and the near future seems bleak.
This can also be evident in their allocation of investments to expand its retail outlets. Corporate Strategy Giordano initially adopted a tapered vertical integration backward strategy, as it had manufacturing plants in the Philippines and Mainland China, while also sourcing from external suppliers.
In recent years, it appeared that as the organization expanded beyond Asia, different strategies had to be developed for different regions or countries.
Westerners in, for instance, Americas and Australia, view Giordano as a top brand for casual wears and is in fact quite popular. Giordano had stringent selection procedures to make sure that only those candidates who matched the profile of what Giordano looked for in its employees were selected.
When they are replaced at intervals, they are recognized as individual assets with specific useful lives and are depreciated accordingly. In Giordano opened four outlets in Melbourne, Australia, and planned toadd more stores by the Year In Asiaparticulary in maindland China and its massive market, represent the main oppurtunity for the company.
Create a many models and make a innovation in fashion so people can be loyal in product of Giordano 3. Accounts for trade receivables9 The account for trade receivables are Debtors and bills receivable. So Giordano always ask ourselves how can sell it cheaper, make it more convenient for the consumer to buy, and deliver faster today than yesterday.
There have two types of environment which are mechanistic and organic. Thus, Giordano could find it worthwhile to alter their brand image into a more high-value, high-quality and therefore higher price market. Init scaled back on its wholesaler operation and started to set up its own retail shops in Hong Kong.
When it realized that an increasing number of female customers were attracted to its stores, Giordano changed its positioning and started selling unisex casual apparel. Hence Giordano can target such groups of people by offering clothes that would appeal to their style of exercising.
If this trend persisted, Giordano may dilute its brand name and possibly might weaken its competitive advantage in other areas as well.
Excellence in management of operations, logistics and information technology systems: If this trend persisted, Giordano may dilute its brand name and possibly might weaken its competitive advantage in other areas as well.
Nowdays Giordano is a retailer of casual clothes and a popular fashion brand. Giordano focuses on the concept of value-for-money. Expansion into other continents like America and Canada that need to be researched carefully because this is important to success 4. Giordano kids will be targeting at small kid while the Giordano ladies is selling only the ladies wear.
Also, they are responsible to select appropriate procedures including risk assessments to obtain and judge the relevant information for the consolidated financial statements.
In order to maintain the communicability between the parties. Giordano sees itself as being more than just a retailer of casual apparel. Giordano is able to provide a high level of customer service through a concerted effort, which involved every employee of the company.
Property, plant and equipment6 For the property, plant and equipment, they are stated in balance sheet at cost less accumulated depreciation and any impairment losses, where the cost is purchase price plus any payments of getting the asset to its working condition and location for its intended use.
Yes, they need to adapt their strategy because if they want to enter to global market they need to know the culture and customer behaviors in other countries.
It followed the generally accepted accounting principles in Hong Kong and discloses requirements of the Hong Kong Companies Ordinance. Giordano has many outlets in over 30 countries It means customized strategies should be developed for different countries even within Asia because there are some variations between countries in terms of their economic, cultural and social factors even the people.
If the contingent liability becomes a real liability to the company in future, it would have adverse effect on the profitability of the company, which affects the expected dividend distributed to shareholders.
Giordano really training all the staffs with well, but the key fixed on each person, not all staffs understands how to services customer with well with friendly behave to the customer. Physical evidence Most of the employee in Giordano is very polite because they already get train to handle the customer.Sep 19, · SWOT ANALYSIS Strength A good branding, Giordano has already had good image to their customer therefore the customers who use that product will not doubt about the quality from Giordano it self.
Marketing of Giordano. SWOT ANALYSIS From past of the Giordano, the competitors are hang ten, bossini and baleno. But now, the. However, Giordano promoted a “lifestyle” image, even though it is positioned similarly to Bossini. So, Bossini could re-launch its image, to be more stylish and thus promoting a lifestyle and not just a brand through a series of television commercials, print media, radio and outdoor advertising etc.
Accounting Analysis Assess the degree to which the firm’s accounting reflects the underlying business reality. Identify accounting distortions and evaluate their impact on profits and the sustainability of profits.
SWOT analysis of Giordano. In targeting, Giordano tend to grab the market that for teenager and adult. Because they sell clothes such as jeans, t-shirt, hat and et cetera and also the concept of Giordano is suitable for the market.
or people who like to use casual clothes.5/5(1). Bossini has higher receivables turnover ratio than Giordano, and it shows that bossini collects its credit sales amount faster than Giordano simply by looking at the ratio.
This may be due to better offer of trade discounts by Bossini than Giordano to clients. Further analysis of the Retail and Distribution operating segment by brand is as follows. Operating Operating (In HK$ million) Sales profit Sales profit Retail and Distribution Giordano & Giordano Junior 4, 4, Giordano Ladies 65 43 BSX 9 1 Others 4 14 4, 5, 0 The Company.Download