Employment had increased tenfold. Sales had grown from $1 billion in 1980, to $26 billion. The 21st century – one of the most successful retailers in the world Today, 8,576 stores and club locations in 15 countries employ more than 2.1 million associates, serving more than 176 million customers a year. Our history is a perfect example of how to manage growth without losing sight of your values. Our most basic value has always been, and always will be, customer service.
(Wal-Mart Corporate Website) Huge turnover, large customer base and returning customers show that Wal-Mart has been able to achieve this goal in its 50 years of existence. Wal-Mart sources material from third world countries at low price. Very efficient supply chain management and bargaining power has enabled Wal-Mart to sell goods at low price. Company is also pursuing vertical integration strategy to lower cost. Answer-2) Wal-Mart Stores had turnover of $446.95 billion and net income of $15.77 billion in financial year ending
With the development of the society rhythm, the fast food has become necessary industry for people's life. U.S. fast food companies are now franchised in over 100 countries. In the U.S. there are over 200,000 fast food restaurants. Revenue has grown from $6 billion in 1970 to $160 billion last year, an 8.6% annualized rate. The 50 largest companies are hold more than 25% the revenue in the industry (Hoovers, 2013).
Market General Mills is the number 3 biggest company in consumer food industry in the United States. Its annual revenue is around 24 billion and employees 31000 people. It is the biggest breakfast food manufacturer and the biggest breakfast Cereal maker. The main competition that General mills enjoys is from Kellogg in cereal Segment and in the industry from Nestle, Kraft, Campbell, ConAgro, Frito-lay. In comparison to other companies in the same industry General mill is USA based and largely the revenue is from U.S based sales.
MANAGEMENT REPORT – II TESCO PLC. By ILIYAS . MOHAMMAD (5217588) Executive Summary: The main objective of Tesco is to create value for its customers and attain lifetime loyalty from them on which depends its success. If people like what they shop, they will come back to make purchase because of good will. With the two core values of Tosco: None tries hard for customers and treat them as we want them to treat (2005).Tesco is beautifully driven by its quality service and standard products.
Philosophy To be recognized as a company that responsibly serves our guests, franchisees, employees, communities, business partners, and the interests of our planet. Financial Health At the end of fiscal year 2012, Dunkin' Brands' nearly 100 percent franchised business model included more than 10,400 Dunkin' Donuts restaurants and nearly 7,000 Baskin-Robbins restaurants. For the full-year 2012, the company had franchisee-reported sales of approximately $8.8 billion. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass. The Company's website is located at
Our Core Values We believe that much of our success to date is because we remain a uniquely mission-driven Company. Our core values succinctly express the purpose of our business, which is not only to make profits but to create value for all of our major stakeholders, each of which is linked interdependently. By maintaining our core values, regardless of how large we become, we are able to preserve what has always been special about our Company. Our core values are: Selling the highest quality natural and organic products available; Satisfying and delighting our customers; Supporting team member happiness and excellence; Creating wealth through profits and growth; Caring about our communities and our environment; Creating ongoing win-win partnerships with our suppliers; and Promoting the health of our stakeholders through healthy eating education. Products We offer a broad and differentiated selection of high-quality natural and organic products with a strong emphasis on perishable foods.
Wal-Mart Sam Walton is the founder of the super retail chain Wal-Mart. In 1962, he successfully opened the first Wal-Mart store in Rodgers, Arkansas. Wal-Mart has since become the most powerful retail store worldwide. Wal-Mart employs 2.2 million people worldwide and serves 200 million customers weekly at more than 10,000 stores in 27 countries (Walmart Stores, Inc., 2012). The Wal-Mart retail chain is successful because of their proficient ability to execute the four functions of management, which includes planning, organizing, directing, and controlling.
The company believes in the philosophy of striving hard to be innovative and cater to their customers' needs in best possible manner. It deals with around 21 million customers every week. It is UK's 3rd largest Supermarket chain with more than 16% market share. It employs around 150,000 employees and offers around 30,000 products. They provide on line delivery shopping service covering around 93% of UK House hold.
One of the most successful businesses in the world for example is Nike and McDonald’s which have open new horizons to our trade center. After surfing the net I found that Nike has over fourteen languages that are offer to the public as well as jobs. McDonald's is the leading global foodservice retailer with more than 32,000 local restaurants serving more than 60 million people in 117 countries each day. More than 75% of McDonald's restaurants worldwide are owned and operated by independent local men and women. This is just an example of how our economy works.