Mexico is another story. It was Wal-Mart Internationals first foray outside the U.S. nine years ago, and now the company has 466 stores there, the most in any country except the U.S. It is that country’s largest retailer and second-largest employer, according to the San Diego Tribune. The secret to its success, in addition to low prices, is short lines – a rarity in Mexico and another example of Wal-Marts success in addressing local needs. Wal-Mart had done something no other retailer had ever fathomed doing.
They made their stores more convenient to its customers and, while, they made a business move that could possibly keep them on top of the retail world for years to come. Wal-Mart has gotten a 40-50% cross shopping rate from its customers because of the one-stop shopping center, even though their food has been mediocre at times. In addition, they have received a 35% increase in general merchandise sales because of the supercenters. These impressive numbers have Wal-Mart predicted to be the leading grocer and retailer in the nation. At the end of 1996, Wal-Mart Supercenters had a 62% share of total supercenter sales. The sales for 1996 totaled $17.78 billion, up from the $11.51 billion for the previous year. A forecast of Wal-Mart’s income for the period 1998-2000, considering increases of 20.2% in Net Sales, 27.7% in Operating Expenses, and 47.3% in Interest Debt (a level that is below Wal-Marts historically compounded growth rate of 51.6%) indicates that the company should continue to report gains each year until 2003.
The Essay on Wal Mart Company Year Ceo
Background Information Wal-Mart Inc. Corporate Headquarters. 702 Southwest 8 th street Bentonville, Ar 72716-8001 Top Executives. President and CEO: H. Lee Scott. Chairman of the Board: S. Robson Walton. Chairman, Executive Committee of the Board: David D. Glass. Chief Financial officer & Executive Vice President: Thomas M. SchoeweIndustry. General Merchandise, SIC code: 5399 Divisions. Wal- ...
According to most analysts and company projections, sales should approximate $165 billion by 2001, representing an increase of 20.6% as compared to 1999. If the company continues at this pace, sales should reach $235 billion by the year 2005. These numbers, and Wal-Marts other numbers continue to grow year after year, and at this rate it may be hard to maintain a monopolistic competition market structure. They may have no choice but to consider them as an oligopoly. For todays value-conscious consumer, the attitudes once attached to shopping in a discount store have disappeared. As a result, discounters are now the fastest-growing chains in retailing (Industry Survey pg.15).
The three largest are: Wal-Mart, Kmart, and Target. Wal-Mart stores offer pleasant and convenient shopping in 36 departments including family apparel, health and beauty aids, household needs, electronics, toys, fabrics and crafts, lawn and garden, jewelry and shoes. In addition, some Wal-Mart stores offer a Pharmacy Department, Tire & Lube Express, garden center, snack bar or restaurant, Vision Center, and One-Hour Photo Processing for convenience (http://www.walmart.com).
Wal-Mart stores operate on an Every Day low price philosophy and are able to maintain their low price structure through conscientious expense control. While other major competitors typically run 50 to 100 advertised circulars per year, Wal-Mart produces only 12-13 major circulars per year (http://www.walmart.com).
The cost savings associated with fewer circulars are passed on to the customer through lower shelf prices every day. Wal-Mart is a producer who has the sole purpose of promoting consumption of the consumer.
Wal-Mart and its quest for capital improvement are playing a major and vital role in the evolution of economic life. Wal-Mart brings positive change to towns in the U.S. They increase competition between retailers, stimulating the economy, and they bring more capital and tax revenue to at town, some of which desperately need a positive change. Wal-Marts expansion and growth, like that of many other large retailers such as K-Mart, Buy Mart, Target, and Fred Meyer, is part of a bigger picture involving the evolution of the economy and the way businesses conduct themselves. Wal-Mart is simply another attempt at improving life by providing a large range of goods at lower costs than competing retailers provide. In turn, this produces competition between these retailers leading to improved selection and quality of product and goods, ultimately bringing the quality of life to a higher standing. This individual process and many others are all part of the everyday evolution of life..
The Essay on The First Two Years of Life
He proposed three stages in psychosexual development: oral, anal, phallic. Erikson’s theory is psychosocial. From birth until about one and a half the child is going through the oral sensory stage. More about these theories and discussing the first two years of a child’s life will be discussed further on in this essay. The first two years of a child’s life is always the fastest. The baby ...
