Got a tricky question? Receive an answer from students like you! Try us!

Wal-Mart: The High Cost of Low Price. - Case Study Example

Only on StudentShare
Masters
Author : shane20
Case Study
Miscellaneous
Pages 9 (2259 words)

Summary

Wal-Mart Stores (Wal-Mart), the largest retail chain in the world, operates retail stores in various formats, including supercenters, discount stores and neighborhood markets. Wal-Mart operates over 6,000 stores in the US and 13 international markets including the UK, Canada, Japan, Mexico, Brazil and China…

Extract of sample
Wal-Mart: The High Cost of Low Price.

The operating profit of the company was $18,530 million during fiscal year 2006, an increase of 8.4% over 2005. The net profit was $11,231 million in fiscal year 2006, an increase of 9.4% over 2005.
Wal-Mart Stores (Wal-Mart) is the world's largest retailer. The company operates retail stores in various formats. It operates more than 6,000 stores in the US and 13 international markets including the UK, Canada, Japan, Mexico, Brazil and China. The company retails a broad range of merchandise and services at low prices.
Neighborhood Markets offer a full-line supermarket and a limited assortment of general merchandise. The company has 100 neighborhood markets in about 15 US states, offering a variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals. Neighborhood markets average 42,000 square feet in size, employ 95 associates on average and offer about 29,000 items.
The company operates more than 550 Sam's Club in 48 US states. Sam's Club is a membership warehouse club, serving both individuals and businesses. Individuals, other than business owners, can become Advantage members. ...
Download paper

Related Essays

Sociology - Wal-Mart
Eventually, the only thing that is left is Wal-Mart, and the people have no choice left but to shop there. This can cause an effect similar to a monopoly in a small town. People may have no stores for miles except for Wal-Mart because ever place has had to close because it couldn't compete with Wal-Mart. This then leaves people with no choice BUT to shop at Wal-Mart, and this only continues the vicious cycle elsewhere in other small towns.…
2 pages (502 words)
Wal-Mart Essay
The company structure and corporate culture are based on a low-cost ideology that permeates all aspects of Wal-Mart's operations. The flat organizational structure enhances cost containment, short reporting lines and efficiency of operations. The customer is central to Wal-Mart's business, with additional focus on superior customer service and price cuts to attract low income target groups.…
9 pages (2259 words)
Wal-Mart
(Wal-Mart)…
4 pages (1004 words)
Wal-Mart: The High Cost of Low Price Exposition
The film ended with interviews of community leaders in different states that have voiced out their disaffirmation of having Wal-Mart established in their boundaries.…
2 pages (502 words)
Wal-Mart Stores: "Every Day Low Prices" in China
Wal-Mart’s original model was composed of many elements, including strategic geographical locations, a distinct workplace culture and organizational structure, exceptional customer service, across-the-board cost efficiency, and friendly but uncompressing relationships with suppliers (Vance and Scott 1992). This model’s success, however, was due in part to its consistency with the financial and cultural realities it was designed to fit into. Wal-Mart inevitably faced difficulty in applying the same model to the far different realities of the Chinese market. During the course of its…
9 pages (2259 words)
Managment Audit of Wal-Mart
A management audit would help to determine whether Wal-Mart is a destructive force or is good for the local economy.…
6 pages (1506 words)
Wal-Mart
Sam Walton believed that impressive profits in any business do not source from charging high prices on goods and services, but from making high sales volume. Samuel Walton believed that he could only make smart profits if he did a lot of sales of his merchandise. For this reason, Samuel Walton resolved to reduce the prices of his merchandise below the market margin, which eventually played the most critical role in attracting many customers. With many customers, the rate of stock turn over in the Wal-Mart stores increased thereby resulting to high profit margins. The success of Wal-Mart stores…
7 pages (1757 words)