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Demographic Analysis Of Walmart

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Demography. In Germany, the target group of customers Walmart focused on were both males and females in all ages since they provided various kinds of products that cover the needs of all generations of consumers. Additionally, since Walmart specialized in offering low-price products, the company especially focused on people who have low incomes or low budgets like students, workers, labor force, etc. so that they can afford their products.
However, cheaper prices could not attract German people to buy from them since they might focus on the quality of products too. In addition, other German discount grocery stores also used low price strategy to gain consumers’ attention. Therefore, Walmart could not really compete with competitors in pricing strategy (Dudovskiy, 2016).
Psychography. It can be categorized into two dimensions which are lifestyle and social class. First of all, when Walmart ran the business in Germany, they usually focused on household people who have low to medium budgets to shop for their house. These people will look for products that are cheaper than other stores and also worth their money. Therefore, Walmart used the EDLP to promote to customers that they offer the lowest prices with same products as other stores do (Subhadra & Dutta, 2004). The company focused on people who belong to the low to middle society because these people are easily attracted by products that gave them lowest prices. The company always claimed themselves as the market leader

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