Guest Speaker #2
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This 1 page One Day of Notes was uploaded by Clarissa Harvey on Monday September 15, 2014. The One Day of Notes belongs to 17180 at Kansas taught by Brian Russell in Fall2014. Since its upload, it has received 117 views. For similar materials see Survey of Management and Leadership in Business at Kansas.
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Date Created: 09/15/14
September 14th 2014 Guest Speaker Regional and Area Manager of the Buckle The expansion of this company is Slow and Steady Wins the Race the opposite of Starbucks strategy 450 stores in 44 states The Buckle was established in 1967 They grow 1015 stores each year which is not a lot They like to setup stores in college towns and downtown markets 0 Because their demographic is 1427 years old The most impressive fact to know about the Buckle is that they have no long term debit that is nearly impossible to do They promote from within 0 Part time 0 Paid Internships open to college students all year round for 3 months 0 12 month management program Longevity is important This is why the CEO and several upper management and even store manager positions have been with the company for 30 years Everything hits the store the same day they receive it They do not like to keep store inventory in the back They want as much of the store to be accessible to the customer to sell products and they use ust in Time to coordinate with UPS to make sure that shipment arrives just in time for it to be sold They also switch product throughout different locations in order to maximize profits Some products will sell better in different stores 90 of what they buy the intent to sell it full price Their distribution center is out of Carney Nebraska They do not believe in micromanagement They view their store managers as entrepreneurs They believe in personal accountability Their salary is dependent on the success of their store They also like each store to be unique and act as a boutique They do not have a floor set to follow They get to use their discretion as to how they want to arrange their store This also helps with hiring They only want to hire employees that they can trust and will help maximize profits of their store The CEO is also very conservative They will take as much time as they need to find a new location It has to be perfect The right location the right price the right everything
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