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MIS-3581 Final Report

MIS-3581 Final Report. By: William Mantegna. Contents. Five Below Toy & Hobby sector of Retail Industry Five Below business model Five Below in the Toy & Hobby Sector Role of an IT Intern Internship & Temple/Fox/MIS MIS E-Portfolio. Five Below, Inc.

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MIS-3581 Final Report

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  1. MIS-3581 Final Report By: William Mantegna

  2. Contents • Five Below • Toy & Hobby sector of Retail Industry • Five Below business model • Five Below in the Toy & Hobby Sector • Role of an IT Intern • Internship & Temple/Fox/MIS • MIS E-Portfolio

  3. Five Below, Inc. “Five Below is the leading retailer of trend-right, extreme-value merchandise to the teen and pre-teen market – all for $1.00 to $5.00.” Founded in 2002 Headquarters: Philadelphia, PA Stores: 195 in 16 states (regional, growing rapidly) Ownership: Privately held company

  4. Five Below Products

  5. Five Below Products

  6. Five Below Products

  7. Industry: Toy & Hobby Retailers Firms: 9,000 Total Annual Revenue: $20 Billion Major companies: Toys “R” Us, Michaels, AC Moore Arts & Crafts, Wal Mart, Target Customers: children < 12 & women > 35 Demand: HIGHLY Seasonal

  8. Business Model • Revenue: 195 Stores (brick-and-mortar) • Major Costs: purchasing products, rent, payroll • Most Significant Asset: Employees • Focus on Cost Saving: • Constant focus on minimizing cost • Source products from vendors around the world • Buyers negotiate hard on price • Opportunistic focus to get best products • Don’t accept returns or hold sales

  9. Five Below in Toy & Hobby Industry • Niche Cost Differentiator • Focused on teen & pre-teen market • Toys “R” Us > Five Below > dollar store • IT improves customer interaction by providing sales associates with proper technology

  10. IT Intern • POS (stores) team: • Help with Tech Support issues • Test & Install software • Organize data for internal use • Survey stores for info • Network (corporate) team: • Complete tickets within corporate office • Configure new devices • laptops, desktops & iPad’s • Aid in changes to company network

  11. Internship & Temple/Fox/MIS • Temple GenEd curriculum • Chem of Wine = discussions of home brewing • Fox School core business requirements • Working with other dept’s (i.e. Finance) • MIS courses • IT Architecture = knowledge of networking • Business Process Analysis = observing processes • Database Mgt = use of MySQL/MS Access

  12. MIS E-Portfolio http://community.mis.temple.edu/wmantegna/

  13. MIS E-Portfolio http://community.mis.temple.edu/wmantegna/ 13

  14. Thank You Questions & Comments?

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