History of Retail Industry Essay

De infractment stores were gradu ally introduced which gave customers a chance to discern between brands and products at one location. From JC Penney founded in 1902, to Piggly Wiggly in 1916 who was the graduation to offer checkout lines and self service. In 1961, show was founded with Wal-Mart in 1962 and Kohls redress behind them in 1963. It wasnt long and Best Buy, Kmart, TJ Maxx, Costco, and many to a expectanter extent(prenominal) sell stores exposed their doors to the industriousness of obtain. It didnt take a shit long for the sell attention to take off and attract consumers of all kinds with the convenience of shopping and with it ame an experience as well. From department stores to grocery stores they transformed their ship canal of change to gives customers not scarce the products they want but the atmosphere that was appealing. With Wal-Mart opening its doors in 1962 it make the 1960s the revolution in the world of sell. Today, retail fabrication is boomin g, yes with the recession it hurt some of the smaller credit linees but for the most part they tolerate stayed afloat. We did lose some full-size retail businesses in 2008 much(prenominal) as Linens N Things, Mervyns and Circuit City.With this being said, the retail industry needfully to make stakeholders understand the role in the industry to facilitate encourage and improve their reputation as well as build the cartel in consumers. Corporate stakeholders have to be more(prenominal) than a incorrupt responsibility to the friendship. They need to be a part of much more from how much consumers sp abate to financial backing key policy issues and in the end lead change the sh arholder value. Social, Economic, and Political Setting The retail industry does a lot for the affable and economic setting. Wal-Mart alone does a great deal for the communities where their stores atomic number 18 located. Not moreover do they provide jobs for near 1. 5 million people, they also h ave competitive pricing to stand by local economies. Their competitive pricing brings in more than 312 billion dollars.So not only is Wal-Mart a thriving company they mean in a family work culture as well as supporting their local communities. Many retail stores leave a big remnant in their communities and worldwide. They rally around charities and do their part to put a st ampere on the map. On the other hand, most in the retail industry try to keep business and politics separate which seems to be the safest position to take. Some retail businesses like Wal-Mart and Coca Cola atomic number 18 open to their affiliation with the Republi tidy sum Party and seems to help their image with the traditionalistic consumers but most do not want to take a chance of offending their customer base. Domestic and International EthicsStarbucks who opened their doors in 1971 to forty-one year later they have become a global company with more than 19,000 stores in 60 different countries. They ha ve made the Ethicsphere Institutes World most Ethical gild List for six straight years. They introduced the Ethical Coffee sourcing architectural plan in 2001 to help farms in Central and South America improve their crops firearm remaining environmentally aware. They helped local nurseries plant over 200,000 seedlings to restore earthy forest cover as well as decreasing the purpose of herbicides and chemical fertilizers with farmers. They also helped train farmers to help reduce the use of blow by replacing more than 200,000 trees. Ecological and Natural ResourcesThe retail industry has regulations made by the Environmental Protection Agency that they have to coincide by to meet regulatory obligations as well as support reduce environmental strikes such as waste management, product pickax and construction of new facilities. Retail businesses may have state regulations to agree by as well as Federal regulations. Many in the retail industry are taking great strides to help impact the environment. There are four areas that highly impact the environment. One is the excerpt of raw materials for clothing has big impacts on the environment. Cotton is known for its rigid use of water and pesticides and the so called natural dyes that rely on the proceeds of millions of insects to reach the naturalcolor.The second is manufacturing. Textile dyeing and finishing move can be high producers of water pollution and carbon dioxide emissions and by improving their mills to reduce water, energy and chemical use can really reduce the footprint of their global supply chain. The third is ecstasy which unfortunately manufacturers and retailers are on other ends of the globe which any agency of transportation sends some sort of pollution into the environment. The last impact is consumer guardianship which many consumers may not even be aware of how a few simple steps can help reduce environmental impacts tremendously. One is washing in cold water and air drying if possible. change killing is another risk to the environment due to the chemical that is utilise to clean the clothes called perchloroethylene which has been known to cause many health cause with exposure to this in high levels. So it is not but the retail businesses that can help make changes to better our environment it also travel on the shoulders of designers to use fabrics that dont require dry cleaning and to the consumers that purchase to make choices that help the environment. Clean by Design launched their program in 2009 to help reduce the environmental impacts by using purchase power of multinational corporations by improving processes in the environment to reducing emissions and waste.It is astonishing to see by 2011 that Target, Wal-Mart, Gap, Levis, H&M, Nike and Li & Fung are all participating in this program and hopefully they corporations will put out to get in board and the list will continue to grow. Social Issues In todays lively and unstable busine ss world of retail industry they are always faced with social issues such as customer choices, brutal competitors, complex global prudence and the use of the internet. Retailers are incessantly trying to find new ways to make their business more profitable and ways to get more shoppers through their doors. Retail industry has caught on to engaging with society and the consumers on a personal level. They are adapting and changing to the environment around them and constantly developing new ways to serve their customers with trust and brand loyalty. entirely like Timberland Company did in 2008 by making a nutrition label on their shoe box to show the environmental impact it has from beginning to delivery of the shoe. The company did this in hopes of giving consumers the reading they need to make environmentally smart decisions on buying. Not only did Timberland Company do this they also comprised their shoe box that is made up of 100 percent recycled post-consumer waste fiber, no c hemical glues and only soy-based inks to print labels. Timberland is just one of many retail stores that take a stand on social issues. Target is another big business in the business industry that comes to mind.From opening its doors in 1988, Target has always tried to be a step above in the industry with the competitive edge logos to their reputation for low prices and whirl organic foods in their superstores. They always try to maintain their mission didactics which reads, to make Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional client experiences by consistently fulfilling our Expect More. Pay Less. brand promise. They not only cater to the consumers they are extremely involved with schools and the communities that surround them. They are partnered with St. Jude which is a huge plus for them and provide disaster relief and are always raising funds for our countrys children.Another company that ha s taking great strides to make their place in this economy just as their mission statement says to Inspire and nurture the human animate one person, one cup, and one neighborhood at a time. grade of the industrys overall social responsiveness I believe the retail industry for the most part is trying to take the ripe steps to make a difference in the economy and help insure the environment is first priority. Over the years we have seen so many big corporations leave footprints in the global economy as well as making the appropriate changes to better the community and environment we live in. References Retail. (2010). Retrieved from http//www. ceres. org/roadmap-assessment/sector-analyses/retail Wal-Mart. (2012, December 9).History timeline. Retrieved from http//corporate. walmart. com/our-story/heritage/ story-timeline https//corporate. target. com/about/history/Target-through-the-years (2012, March). In Starbucks Ethical Coffee Sourcing and Farmer Report. Retrieved November 8, 2 012, from http//assets. starbucks. com/assets/6e52b26a7602471dbff32c9e66e685e3. pdf Clean by design. (n. d. ). Retrieved from http//www. nrdc. org/ world-wide/cleanbydesign The evolution of retailing. (2009, 12). Retrieved from http//www. kpmg. com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/Evolution-retailing-o-200912. pdf Ken, A. (2012, March 31). Wal-mart company.