abhishreshthaa
Abhijeet S
Acme Markets is a Philadelphia-based supermarket chain owned by Eden Prairie, Minnesota-based corporation SuperValu. Acme was founded in 1891 by Samuel Robinson and Robert Crawford in South Philadelphia and now operates about 125 supermarkets[1] in the Philadelphia region under the Acme name.
In 1917, Robinson and Crawford merged Acme Markets with four other Philadelphia-area grocery chains, and the combined company was named American Stores. In 1947, it began opening stores in downtowns with white porcelain storefronts, and introduced a new logo. From 1951 to 1954, it built stores with the same logo and porcelain, but in freestanding stores, sometimes in shopping centers. It introduced a new logo in 1961, and replaced the "Acme Markets" or "Acme Super Markets" banners with simply "Acme". In 1963, it began building stores with a peaked roof, many in shopping centers, which averaged 30,000 square feet (2,787 m2). These were built until 1972. The company acquired California's Alpha Beta stores in 1961. In 1978, it acquired many former Pantry Pride and Penn Fruit stores from bankrupt Food Fair. American Stores was acquired in 1979 by Skaggs Drug Centers which took the American Stores name, and relocated the headquarters to Salt Lake City, Utah. That same year, the company announced that it would be closing most of its store locations in New York state.
PEST ANALYSIS:
The ASEAN Free Trade Area or AFTA is a collective effort by the member countries in order to eliminate tariffs on intra-ASEAN trade in the goods sector. The main target is to achieve tariff between 0 – 5% in 2003 for the six original member countries, Vietnam by 2006, Lao PDR and Myanmar by 2008 and Cambodia by 2010, at the same time remove quantitative restrictions and other non-tariff barriers. The reduction or elimination of tariff is undertaken through the Common Effective Preferential Tariff Scheme (Ministry of International Trade and Industry 2008).
The main impact of AFTA to the economy of Malaysia is the increase intra-ASEAN competition from lower cost producers; declined competitiveness of traditional export industries which include the high labor cost, lack of resources and expertise and technology obsolescence; removal of protection such as quota system and monopoly status; complying with 40% local content rule; develop competitive local small and medium industries which will focus on the domestic market, dependent on single or few buyers and lack of expertise and backward technology. As a result there are different sectors that might face strong competition primarily the ceramic tiles, cement, plastic products and automotive industry (Ghani & Zainuddin 2008).
AFTA will result to higher economies of scale in the automotive industry in Malaysia. Higher economies of scale will mean lower unit production costs. This will help to translate into lower retail prices and a bigger market. Therefore, AFTA could translate into price cuts of about 20% to 50% on vehicles. Competitive producers can export their products throughout the region at very low import duties and pass on cost savings to consumers. As a result, consumers can exercise a wider and better product choice at very competitive prices (Dey 2002).
In 1917, Robinson and Crawford merged Acme Markets with four other Philadelphia-area grocery chains, and the combined company was named American Stores. In 1947, it began opening stores in downtowns with white porcelain storefronts, and introduced a new logo. From 1951 to 1954, it built stores with the same logo and porcelain, but in freestanding stores, sometimes in shopping centers. It introduced a new logo in 1961, and replaced the "Acme Markets" or "Acme Super Markets" banners with simply "Acme". In 1963, it began building stores with a peaked roof, many in shopping centers, which averaged 30,000 square feet (2,787 m2). These were built until 1972. The company acquired California's Alpha Beta stores in 1961. In 1978, it acquired many former Pantry Pride and Penn Fruit stores from bankrupt Food Fair. American Stores was acquired in 1979 by Skaggs Drug Centers which took the American Stores name, and relocated the headquarters to Salt Lake City, Utah. That same year, the company announced that it would be closing most of its store locations in New York state.
PEST ANALYSIS:
The ASEAN Free Trade Area or AFTA is a collective effort by the member countries in order to eliminate tariffs on intra-ASEAN trade in the goods sector. The main target is to achieve tariff between 0 – 5% in 2003 for the six original member countries, Vietnam by 2006, Lao PDR and Myanmar by 2008 and Cambodia by 2010, at the same time remove quantitative restrictions and other non-tariff barriers. The reduction or elimination of tariff is undertaken through the Common Effective Preferential Tariff Scheme (Ministry of International Trade and Industry 2008).
The main impact of AFTA to the economy of Malaysia is the increase intra-ASEAN competition from lower cost producers; declined competitiveness of traditional export industries which include the high labor cost, lack of resources and expertise and technology obsolescence; removal of protection such as quota system and monopoly status; complying with 40% local content rule; develop competitive local small and medium industries which will focus on the domestic market, dependent on single or few buyers and lack of expertise and backward technology. As a result there are different sectors that might face strong competition primarily the ceramic tiles, cement, plastic products and automotive industry (Ghani & Zainuddin 2008).
AFTA will result to higher economies of scale in the automotive industry in Malaysia. Higher economies of scale will mean lower unit production costs. This will help to translate into lower retail prices and a bigger market. Therefore, AFTA could translate into price cuts of about 20% to 50% on vehicles. Competitive producers can export their products throughout the region at very low import duties and pass on cost savings to consumers. As a result, consumers can exercise a wider and better product choice at very competitive prices (Dey 2002).