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Walmart's position in retail industry
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Wal-Mart serves as a go to place to save money when buying necessities. It is a huge department store that sells not only clothes, but food, as well as home goods, home appliances, furniture, plants and many more daily household items/ necessities. Wal-Mart provides these things at a lower price that other stores where food and such items can be pretty pricey especially if you have a large family. Wal-Mart was created to serve the same purpose for everyone and very often does but for some they go there more based off need than want to actually go there. Fundamentally Wal-Mart does do the service of being a grocery/home store that has a wide range of items that a family needs whether it's food, school project materials, or things for your home. …show more content…
Some go to Wal-Mart because they have to go there and shop in bulk and others go there because they want to save a few bucks here and there not because they can't afford to be shopping at higher end grocery stores. Some dysfunctions that could be caused by Wal-Mart is that they could be stealing business from smaller "Mom and Pop shops" from their surrounding communites. Wal-Mart also does some damage to the earth. The bigger the building the larger the amounts of land being used to build on and more of the ground being dug up in order to be able to install plumbing systems and such. Also in order to import and export things to and from the store big trucks are needed in order to do so, these trucks run on gasoline and sometimes release harmful gasses into the air that can kill tress and other earth species.(Renkow)
In order to gain the success it has had, Wal-Mart has no doubt affected small businesses. But in the place of small business Wal-Mart has been able to do far more for Americans than small businesses could. It provides consumers inexpensive necessities for life, it provides work for those who would otherwise have none, and it has a stake in the global economy that benefits our own with trading. Wal_mart
Wal-Mart Stores, Inc. operates retail stores in various formats around the world. Wal-Mart is committed to growing by improving the standard of living for our customers throughout the world. Wal-Mart earns the trust of its customers every day by providing a broad assortment of quality merchandise and services at every day low prices while fostering a culture that rewards and embraces mutual respect, integrity, and diversity. In 2006 the net sales were $312.4 billion versus in 2005 were $285 billion.
Wal-Mart has been of a great advantage to the US economy, being the world’s largest private employer thus providing more jobs. Wal-Mart is currently employing 1.5 million which equals to the population of 12 states. In addition, Wal-Mart has caused the lowering of prices of competitors known as the ‘Wal-Mart effect’, this saved Americans approximately $100 billion in 2002. (Hansen) On a smaller degree, this caused an individual American to save 15 to 20 percent of their income on necessities, allowing the surplus to be utilized in a fashion that allows an expenditure which fulfills a specific luxury to the individual, for example a car etc.. From my point of view, this allows the less advantaged to be able to purchase beyond necessities, and causing more money to spread through the market rather than the recycl...
Wal-Mart represents the sickness of capitalism at its almost fully evolved state. As Jim Hightower said, "Why single out Wal-Mart? Because it's a hog. Despite the homespun image it cultivates in its ads, it operates with an arrogance and avarice that would make Enron blush and John D. Rockefeller envious. It's the world's biggest retail corporation and America's largest private employer; Sam Robson Walton, a member of the ruling family, is one of the richest people on earth. Wal-Mart and the Waltons got to the top the old-fashioned way: by roughing people up. Their low, low prices are the product of two ruthless commandments: Extract the last penny possible from human toil and squeeze the last dime from its thousands of suppliers, who are left with no profit margin unless they adopt the Wal-Mart model of using nonunion labor and shipping production to low-wage hellholes abroad." (The Nation, March 4th 2002 www.thenation.com/doc.mhtml?i=20020304&s=hightower).
Wal-Mart is one of the largest corporations in the world, and leads the pack of American retail stores in terms of size and sales income. The size of Wal-Mart allows the store to provide consumers with lower prices than most other retail chains, and much lower prices than small, "mom and pop" stores. Because of these reasons, is Wal-Mart a help or a hindrance; should Wal-Mart be given special consideration (i.e. tax breaks, location decisions); and should Wal-Mart be held responsible for improving economic and social conditions in communities in which it operates?
When Wal-Mart establishes itself in a town, it makes its competitors to close their businesses since they cannot compete in the current market. There are several businesses that go out of business when this company sets up a branch in the town. However people don’t agree with this since customers are the ones who go to purchase goods from Wal-Mart. If there are people who should be blamed are the customers since they flock into the retail market to buy from them. This is the reason why these retail businesses are out of business. The reason that makes customers go to shop at Wal-Mart is that, there is ample parking, low prices and they also provide superior goods and services to the customers.Down town destruction started earlier before Wal-Mart was established. Wal-Mart is trying to bring with it new technologies that are aimed to cope with the current technologies. We ought to find new ways of doing things and this is exactly what is happening with Wal-Mart. For instance, Wal-Mart might be embracing technology to supplant it. Internet shopping might be some of the new business technologies that they are trying to embrace.
...be purchased at discount prices, saving people money they can choose to spend elsewhere or even save. While saving customers time and money, Wal-Mart also contributes to the local economy by adding countless employment opportunities to the communities where they are established. Wal-Mart is also there to help local, national, and worldwide charitable organizations through its philanthropic foundations and partnerships. Aside from these benefits, who can argue with the sheer fun of the come as you are atmosphere of the store and its diverse employment standards? Nowhere else can you go shopping and people watch then at your local Wal-Mart store.
Wal-Mart, a "Big-Box Retailer" employs more than 2.1 million associates worldwide and has two-thousand seven-hundred stores in the United States with many more in Argentina, Brazil, Canada, Central America, Chile, China, Germany, Japan, Korea, India, Mexico, Puerto Rico, and the United Kingdom, making Wal-Mart the largest retailer in the world. "Wal-Mart accounts for upward of 30 percent of U.S. sales, and plans to more than double its sales within the next five years" (Lynn 29-36). Why is Wal-Mart so successful, and is Wal-Mart actually bad for America?
In a world scattered with millions upon millions of Walmart locations, one might ask the question-how can one small, insignificant Walmart affect me? The answer is-a lot! Perhaps the most impacting consequence of society's acceptance of a Walmart within their community lies within the drainage and leeching of the economy. Take the San Francisco Bay for instance, the prolonged construction costs alone, cost the city 256 million dollars in additional costs, not to mention the insane amount of fuel consumed by consumers commuting to the new store location. As if that weren't bad enough, that very same Walmart that caused such tedious amounts of grief, tedious amounts of extra time, money and fuel was relocated outside of the area within 2 years-leaving the surrounding land destroyed and devoid of life. But what about the Walmart's within the community that aren't being relocated? How are they hazardous then? Well, the answer is the same type of concept as a lion guarding its' kill from the surrounding wildl...
Wal-Mart’s competitive environment is quite unique. Although Wal-Mart’s primary competition comes from general merchandise retailers, warehouse clubs and supermarket retailers also present competitive pressure. The discount retail industry is substantial in size and is constantly experiencing growth and change. The top competitors compete both nationally and internationally. There is extensive competition on pricing, location, store size, layout and environment, merchandise mix, technology and innovation, and overall image. The market is definitely characterized by economies of scale. Top retailers vertically integrate many functions, such as purchasing, manufacturing, advertising, and shipping. Large scale functions such as these give the top competitors a significant cost advantage over small-scale competition.
In the 1960s through the 1970s, companies realized strong engineering, design, and manufacturing functions were strong market strategy keys to create and capture customer loyalty. As the demand for new products rose in the 1980s, these market requirements were to increase their flexibility and responsiveness to adapt existing products and processes or to develop new ones in order to meet customer needs. As manufacturing improved in the 1990s, managers began noticing material and service inputs involving suppliers and their major impact on an organization’s ability to meet customer needs. As a result of these changes, organizations now find that it difficult to manage their own organizations. First, they must be involved in the management of their network of all upstream firms that provide directly or indirectly, as well as the network of downstream firms, which are responsible for delivery and market service of the product to the end customer. In order to succeed, managers have to realize that they cannot do it alone and they must work together on a daily basis with the whole organizations in their supply chains. Because supply chain management involves all functions within an organization, managers need to know what a supply chain is, why it is important, and the impact of supply chain management on the success and profitability of their organization. Today, Wal-Mart topped the list of the America’s biggest companies on the Fortune 500 list, “with sales of almost $345 billion — more than a quarter of a trillion dollars” (Forbs). Wal-Mart’s supply chain management is becoming recognized as a core competitive strategy.
Wal-Mart has two brands of stores, the regular Wal-Mart and the Super Wal-Mart. The difference being that the Super Wal-Mart has a grocery store inside as well as all the other products. Products offered by Wal-Mart vary from automotive needs to Compacts Discs and DVD's. Family's can get households goods for kitchens, bedrooms, or patios. Wal-Mart's offer products for every household need like vacuums, mops, and brooms. Wal-Mart is an example of a one-stop shop; parents can get clothes for the kids or for adults.
Walmart product selections is almost three times as much as that of HEB. Walmart is a one-stop-shop store. Customers can walk into Walmart and literally shop until they drop. Walmart provides groceries, baby clothes, boys/girl clothes, adult men/women, shoes, backpacks, diapers, wipes, baby formula, electronics, candles, towels, laundry detergent, cookware, gardening tools, birthday cards, gift bags, candy, costumes, school supplies, office supplies, mini refrigerators, outdoor activities, toys of all ages, board games, bikes, scooters, helmets, sport activities, a fully functioning automotive department, where customers can get oil changes while they shop. An Ophthalmologist office with in store purchase and carry out, a nail and hair salon, and a fully functioning bank. If that’s not enough, why go home and cook after all that shopping when you can stop and grab a bite to eat at Mcdonalds or
By keeping their prices low, Walmart can easily pass that savings on to their customers and in return, their buyers are able to have a higher income and can spend their money on more products, preferably Walmart’s.
Walmart has had a long-standing presence in America society since the middle of the 20th century, seen as a place to get everything done, Walmart has become a fixation in our society. From grocery shopping, to changing your oil and even filing your annual tax returns, Walmart is always there, everyday. Started by Sam Walton in 1962, it began as a small operation catering to a small Arkansas community. It was started on principles very similar to small local businesses in small towns. Today Walmart has gotten a different, darker reputation. On the surface, Walmart may seem like the solution to everyday issues. Low-income families are attracted to the low prices, and people who work odd hours benefit greatly from the 24 hours a day that many Walmarts are open. Lately, Walmart has also managed to be publicly recognized as a store that sells many of today’s green products, including organic food, environmental conscious cleaning products, as well as, paper products made from recycled paper. However, underneath all this, Walmart has a different side. Exploitation of its workers is widespread amongst Walmarts who do not belong to a union, especially in the United States. Wal...