walMart Report
Introduction
Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It was founded by Sam Walton in 1962. On July 2, the first Wal-Mart Discount City store was opened in Rogers, Arkansas. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales. Now, Wal-Mart is becoming one of the most famous grocery stores in the world.
The function of business
Wal-Mart can be categorized in three Subsidiaries, Discount Stores, Supercenters and Neighbourhood Markets. Wal-Mart Discount Stores are discount department stores with store covering about 102,000 square feet (9,476.1 m2). They carry a selection of food and basic merchandise. Wal-Mart Supercenters are hypermarkets with store size of about 197,000 square feet. T\hey have everything a Wal-Mart Discount Store does, and also includes a full-service supermarket, including meat and fresh seafood. Wal-Mart Neighborhood Markets are grocer stores that average about 42,000 square feet (3,901.9 m2). They offer a variety of products, which include full lines of groceries, pharmaceuticals, health and beauty aids, photo developing services, and a limited selection of general merchandise.
Wal-Mart is a place where manufacturers can indirectly sell their products to customers. Firstly, Wal-Mart gets adequate supplies from suppliers. After the products are all in, Wal-Mart sells those products at its stores around the globe. Customers may purchase products by cheque as well as on account. One of the strategies Wal-Mart uses is to extend its opening hours. Also, it always emphasizes at the point which Wal-Mart sells products with the lowest price and high quality.
A Good management is also the key to success. Mal-Mart knows that inventory is the key to going to any store, in 2001 Mal-Mart was able to keep its goods fully stocked on shelves almost 100% of the time. Secondly, Wal-Mart also shares valuable information with its
Wal-Mart Stores, Inc. is an American public corporation that runs a chain of large, discount department stores. It was founded by Sam Walton in 1962. On July 2, the first Wal-Mart Discount City store was opened in Rogers, Arkansas. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales. Now, Wal-Mart is becoming one of the most famous grocery stores in the world.
The function of business
Wal-Mart can be categorized in three Subsidiaries, Discount Stores, Supercenters and Neighbourhood Markets. Wal-Mart Discount Stores are discount department stores with store covering about 102,000 square feet (9,476.1 m2). They carry a selection of food and basic merchandise. Wal-Mart Supercenters are hypermarkets with store size of about 197,000 square feet. T\hey have everything a Wal-Mart Discount Store does, and also includes a full-service supermarket, including meat and fresh seafood. Wal-Mart Neighborhood Markets are grocer stores that average about 42,000 square feet (3,901.9 m2). They offer a variety of products, which include full lines of groceries, pharmaceuticals, health and beauty aids, photo developing services, and a limited selection of general merchandise.
Wal-Mart is a place where manufacturers can indirectly sell their products to customers. Firstly, Wal-Mart gets adequate supplies from suppliers. After the products are all in, Wal-Mart sells those products at its stores around the globe. Customers may purchase products by cheque as well as on account. One of the strategies Wal-Mart uses is to extend its opening hours. Also, it always emphasizes at the point which Wal-Mart sells products with the lowest price and high quality.
A Good management is also the key to success. Mal-Mart knows that inventory is the key to going to any store, in 2001 Mal-Mart was able to keep its goods fully stocked on shelves almost 100% of the time. Secondly, Wal-Mart also shares valuable information with its