Running Head : The Walmart Way

Not only Wal-Mart is saving money for consumers, Wal-Mart creates jobs, improve economic conditions and overall improve the areas in where they operate. Wal-Mart usually open in rural and down trotted areas. A perfect example is Carol Foote. She and her friend Paula Beaulieu started a petition to open a

Wal-mart has made buying essentials cost much less money, even for people who don’t shop at Wal-mart as other companies attempt to match their prices. “Walmart ... offers foods at prices considerably lower than those at traditional supermarkets--as much as 25 percent lower.” (Kenny, Charles. 2013. Para 4). Raising the wages of employees or offering more benefits could take away from these lower prices, causing families below the poverty line to not be able to afford the products they need. It is important to those living under the poverty line that the company provides their products for such a low price. Wal-Mart conducted a study in 2008 that concluded that the company saves the average American family $2,500 a year (Hall, Randy. 2008. Para 1). People in poverty now have much more access to goods than they have in the past, simply because their money goes

|world’s biggest retail sellers, Carrefour and Wal-Mart, operate similar strategies to Chinese market but also have different |

The purpose of this term paper is to discuss the similarities and differences between Talbots Inc. ("Talbots") and Chico's FAS Inc. ("Chico's"). This paper will detail the nature of each company's respective business, past financial performance, and expected future outlook. The paper is divided into two sections. The first section will discuss each company's history, business structure, and future plans independently from each other. The second section will discuss several important financial ratios and provide a detailed analysis comparing the two companies. By the end of this analysis, the reader will have a better understanding of these two retailers and the industry in which they operate.

The prices at Wal-Mart are always low. They even price match other stores. ThisWhich means if you bring in a sales paper with, for instance, a microwave that’s $45 and Wal-Mart has the same one for $65, they will sell it to you for $45. If they have something marked lower than what it really is they sell it to you for that price, even if it’s a big difference. You definitely get more for your money at Wal-Mart.

They are well within reach of ‘closing the loop’ by making full use of their competitive advantages through effective information flows, physical flows and reducing monetary costs. 2. What risks does a retailer aiming for this level of responsiveness face? a. Threat of Duplicity3: Noticing the efficiency and effectiveness of the present operations and supply chain system, a lot of competitive players will try to replicate this system. However, in the case of 7-Eleven, it becomes extremely difficult to do so because the information system in the form of the Graphic order terminals for placing orders linked to the store computer, scanner terminals to scan deliveries from the distribution center, store computers that link to the ISDN network and the POS registers linked to the store computer cost huge sums of money. This along with the sophisticated system of combined distribution forms a reasonable barrier against the threat of new entrants. b. Relationship management: Maintaining solid relationships for retailers with the actors both upstream and downstream of the supply chain is essential like in the case of 7-Eleven stores. As can be seen from the case, none of these DCs carry any inventory but merely transfer inventory from supplier trucks to Seven-Eleven distribution trucks. These items are delivered from a total of 152 companies and 201 plants. The transportation is provided by Transfleet Ltd., for the exclusive use of Seven-Eleven

“If we work together, we’ll lower the cost of living for everyone… we’ll give the world an opportunity to see what it’s like to save and have a better life.” –Sam Walton (“What We Do”)

Have you ever been to Fred Meyers or Albertsons and contemplated why the prices are so much higher than at Wal-Mart? Well this is simply because Wal-Mart chooses to lower their prices by using unfair and unjust practices to undercut businesses. Additionally, by lowering their prices Wal-Mart is able pay their workers a much lower wage than other convenient stores. While this is good for their own business and most consumers, it is bad for America's economy and our tax dollars. Since 1962, Wal-Mart has progressively become one the largest corporations in America.

Walmart operated approximately 6,300 international stores and had a sales revenue of $482.13 billion for 2016 (Marketwatch.com, 2017). Costco holds firm second place of the three retailers. Costco, founded in 1983, has approximately 705 stores, and had a sales revenue of $118.72 billion (Costco.com, 2017). In third place, Amazon, one of the largest online retailers, was founded in 1994. Amazon operates more than 70 fulfillment centers.

Wal-Mart also teaches manufacturers to be more cost-effective so product prices can stay down. For example, Wal-Mart might suggest that a supplier cut its labor costs by shipping toasters in their cartons, rather than packing them in bigger boxes and

Our associates are our greatest resource. We want Nationwide to be not only a great place for our members, but also a great place to work. We know that customer enthusiasm links directly to positive financial results for Nationwide. Enthusiastic customers buy more, are more loyal, and are more likely to recommend our products or services to order potential customers. We also know the best way to increase customer enthusiasm is by increasing associate engagement.

China’s army. Sam Walton built his empire with a relentless focus on costs: “Control your

Secondly, Intersect needs to develop a reward and recognition program that will pay for performance. This will give the employees an additional reason to excel in the job they are to complete. The employees will begin to associate excellence with reward and although they are already getting paid for a job well done, employees tend to go the extra mile when they know there is a prize attached to the task. There is also a vision for Intersect to create an extensive line of communication amongst the employees that will provide feedback to them in a timely fashion on their sales initiatives as well as the interactions they have with customers whether good or bad. Associates deserve to receive feedback from their managers, this will assist each associates as they begin the journey to becoming close, trusted advisors with each of the customers.

We chose Walmart as the company to focus on for our business model canvas project. Considering that Walmart is the world’s largest retailer, as well as largest private employer, there is a plethora of information on this mammoth company. Sam Walton, Walmart’s founder, had a simple and noble vision for his stores; he said, “[We wanted to] reduce the cost of living for the people who shopped in our stores” (Soderquist, 2016). To this end, he created the big box retail format that we see in Walmart and other stores today. He envisioned a place where consumers could do their all their shopping under one roof and benefit from the discount pricing made possible by buying in bulk. His vision has given the world Walmart and Sam’s Club stores, as well as defining the big box business model that many others have copied.

Sam Walton 's first venture as a milk boy is when he understood the value of a dollar and the knowledge of how far a dollar could take one in life. From Sam 's first five and dime stores in the 1950 's to his opening of the first Wal-Mart in Rogers, Arkansas in 1962, no one could have predicted the enormous success of this small-town merchant. Today, fourteen years after his death, Wal-Mart continues to grow and leadership of this company continues to rely on many of the traditional goals and philosophies that Mr. Walton left behind. In keeping one step