The History of eBAGS Essay Example | Topics and Well Written Essays - 250 words

The History of eBAGS - Essay Example These stages of the new venture toward expansion would be vital in ensuring success. The logical first steps should involve a study of the purchasing attitudes of the consumers. Since the company is an internet-based retail company, it would only be sensible to research on whether or not internet shopping is a prevalent practice and to what extent, if not, then what measures would entice them to practice it. Furthermore, an analysis of the brands that have the strongest customer loyalty should be a main concern for the team. These brands, if not yet in the inventory of eBAGS’ numerous brand offerings, must be made suppliers ideally. This will make it easier for consumers to identify and trust the company. The history of eBAGS has made it a force to be reckoned with. Its first-year record was an â€Å"average monthly sales growth of 98% had broadened their product offering from six to fifty-six brands† (Schroeder, Goldstein & Rungtusanatham 2011, p.507). currently, it is in dire need of new ventures to safeguard continued growth and adopting a new business model has become imperative. Their entry to the European market would be a promising new move that could yield positive results and increased profit.