Wal-mart’s competition consist of big box retailers such as Best Buy, Target, K-Mart, Lowe’s, Home Depot, grocery stores and smaller retailers such as Dollar General and Family Dollar. Many of companies these companies have reinvented themselves by stocking more inventory and offering lower prices than Wal-mart on particular products. The analysis of the external environment presents the Wal-Mart retail stores with a number of opportunities. Firstly, due to its stature in the industry, Wal-Mart is presented with an opportunity to seek strategic alliances and mergers with other leading local and global retailers focusing on a given market niche. Additionally, analysis of the external environment suggests unmet targets in the supercenters business.
This is why Places like Costa Coffee may choose to open here as a lot of people like to have a drink with friends when they catch-up. Town centres these days also have a lot of charity shops in the area this is because the goods they sell are normally cheaper than other stores. Out of Town Centres, Out of Town Sites and Factory outlets this would be one of the cheapest places to open a new store. 2 Supermarkets: These are large stores that sell a variety of goods mostly food and drink the everyday items but they sell them in one big self-service shop. For example Tesco or ASDA.
And the customer will assume since the other coffee maker was on sale and such a low price that this coffee maker must be a good deal as well and chances are buy it. But again looking at the prices end of this, food is cheaper at Wal-mart. You can buy the name brand name products or you can buy the greater value products which are Wal-mart's brand products for even cheaper. Wal-mart also has a convince factor, I find myself going to Wal-mart for say car speakers and I end up buy speakers, movies, and food. The fact that it is all in one building
• Increase sales after each year. • Target stores carry variety of products which includes clothing, shoes, jewelry, health and beauty products, electronics, compact discs, DVDs, bedding, kitchen supplies, sporting goods, toys, pet supplies, automotive supplies, and hardware supplies. • It provides very good shopping environment for the customers • Target Corporation running different type of stores such as Target Greatland, Super Target, and Urban Stores • Strong distribution channels. • Target Corporation differentiates itself from other competitors like Wal-Mart and Kmart. They believe in providing quality products to customer rather than cheap products.
Wal-Mart (WMT) Stock Wal-Mart Stores Inc. (WMT) is currently a highly rated stock, with a B (buy) rating. I chose Wal-Mart because it is a store that I am familiar with. I shop there on a regular basis. I think it is safe to say that most everyone would be familiar with the retail industry as well, with Wal-Mart specifically being a mass merchandiser in this industry. I feel like Wal-Mart is strong financially.
The companies all operate in the Services industry, specifically in the Discount, Variety Stores sector. With the general trends showing consumers are tightening their wallets and working to keep their earnings within the household, discount retailers are seeing stable to significant growth in sales. Target remains a high performer, with a market capitalization of 40.5 billion dollars, second only to Wal-mart. Also, the multiline retail industry includes very well-known general merchandise and department stores such as Target (TGT), Dollar General (DG), Macy’s (M), Kohl’s(KSS), Nordstrom (JWN), Dollar Tree (DLTR), Family Dollar Store (FDD), Sears Holding (SHLD), and J.C. Penney (JCP). The variety of products offered by multiline retail companies is very
Samuel Moore Walton founded Walmart. Adopting JCPenny’s Penny Idea Walmart targeted, initially, small rural town. Later, Walmart had expanded to larger cities and eventually become one of main player in retail industries. This is achieved through sound strategies in winning the heart of consumers and local community through fast, friendly and cheap services. Apart of Walmart’s Way, Walmart also inculcate sense of belonging by offering profit sharing, incentive bonuses and stock options that promotes loyalty.
Costco Costco Wholesales is one of the most famous wholesales in the US. There are many companies considered as Costco’s competitors such as Sam’s Club and BJ’s Wholesales Club. Those companies including Costco are playing an important role in American retailing industry by having many different stores around the US. They are running the stores by using similar business models. For example, they normally purchase a big number of merchandises from original manufacturers so they will be able to purchase it in very low prices.
In fact, when you drive down the interstate, it’s rare for you to go more than a few minutes without seeing a Wal-Mart truck (Fishman C. 2006). If it wasn’t for globalization and cultural integration the goods and services Wal-Mart provides wouldn’t be so available to so many people throughout the world. On June 20th 2011 the company announced its completed investment of fifty-one percent in a South-African based company named “Massmart”. The entry into the African continent gives the organization a chance to “serve the underserved” (Wal-Mart.com). Wal-Mart’s growth in the United States and in many other countries around the world has not come without a price.
Price: The company priced its product differently on customer base. In spite of high margin on most of its products, it emphasized on competitive pricing of those products that would attract high-volume customer traffic. Place: Most of Southland convenient stores were located in residential neighborhoods, providing easy access to customers. Promotion: The company focused on promoting high-margin, fast-food products and had made big names in different product categories. Furthermore, in terms of business stream, Southland vertically integrated into businesses to ensure a favorable pricing and qualified products.