[Type the company name] | Research Project | Wal-Mart and Target | | | 4/14/2011 | The document presents an overall research of two major retail stores in the Unites States: Wal-Mart and Target. It presents information regarding their business strategies concerning manufacturing and distributions channels, identify their comparative advantages, recognize new goals, compare their strategy marketing strategies and ethical values, and a final comparison and identifying who is the benchmark. | Wal-Mart Wal-Mart Stores, Inc is a multinational corporation that consists of 8,500 retail stores across the United Sates and 15 other countries. The company was founded by Sam Walton in 1962 with the philosophy of high volume low cost items in small towns. It later expanded to cities to gain more market share.
CVS Caremark Global Expansion to United Kingdom Global Business Management Abstract CVS Corporations was founded by Sid Goldstein, Stanley Goldstein and Ralph Hoagland, May 8, 1963 in Lowell, Massachusetts. In 2007 CVS pharmacy merged with Caremark Rx which created CVS Caremark. CVS Caremark is currently the number two pharmacy store in the United States with revenues exceeded $100 billion dollars and has over 7,400 hundred stores in 42 states. The corporation has been successful for over 40 years in the United States. CVS Caremark is designing a global expansion strategy to target areas that are profitable and promising demographically.
One of Sam Walton's techniques for change is technological changes. By the 1990's the organization had been so successful and had more increasing growth than any other department store in the United States. Wal-Mart's product categories include: soft goods (apparel, linen and fabrics) accounts for 29% of sales, hard goods (hardware, house-wares automobile supplies, and small appliances) constitutes 28% of sales, candy (11% of sales) sporting goods and toys (10%), health and beauty aids (9%), gifts, records, and electronics (5%), shoes (3%), pharmaceuticals (3%), and jewelry (2%)." Wal-Mart provides consumers with "Everyday Low Prices" (Walmart.com). The price sensitive merchandise allows customers to get more for their dollar.
As with other department stores, each of Nordstrom's departments is treated as a separate buying center to achieve economies in buying, service and control (Lamb 2010). They are one of the largest United States department store chains and share the market with Macy's, JC Penny, Dillard's and several other companies. Nordstrom shares many other characteristics with other retailers such as return policies, computerized inventory control and the quality of the product offerings. As well as in-store shopping, Nordstrom's like its competitor's offers mail order and on-line shopping alternatives for their customers. 2.
As Guterson enters the mall his impression is that the creators used their vivid imaginations to build the Mall of America. The mall is compared to Emerald City or Never Never Land He states that the world is being taken over by huge buildings that are rapidly becoming tourist attractions. Guterson describes the mall as densely crowded with heaps of people roaming around. He gives a detailed description about what the inside of the mall looks like. How it gets the customers attention right away so they end up staying in the mall longer than they intended to (Guterson 399).
Staples Inc. is the country's largest operator of office supplies superstores, offering a large selection of products at low prices, primarily to small business owners. Staples pioneered this concept in 1986 and grew rapidly after opening its first store in the Boston area. The slowly company expanded to areas outside the Northeast, by the early 2000s, there were about 1,300 Staples outlets located both in major large areas and smaller markets in 45 states, the District of Columbia, and 10 Canadian provinces. In addition to the retail operations, the company runs a delivery business that utilizes catalog and Internet businesses under the Staples and Quill names, as well as contract stationery businesses, which deliver office supplies to medium-sized and large companies. Staples' European operations consist of nearly 200 retail outlets, under the Staples name in the United Kingdom and Germany and under the name Office Centre in the Netherlands and Portugal.
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
(“Macy’s”) completed the acquisition of The May Department Stores Company (“May”) by means of a merger of May with and into a wholly-owned subsidiary of Macy’s (the “Merger”). Upon the completion of the Merger, the Company acquired May’s approximately 500 department stores and approximately 800 bridal and formalwear stores. Most of the acquired May department stores were converted to the Macy’s nameplate in September 2006, resulting in a national retailer with stores in almost all major markets. As a result of the acquisition and the integration of the acquired May operations, as of January 31, 2009, the continuing operations of the Company included 847 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names “Macy’s” and “Bloomingdale’s.”, comprising a total of approximately 154,300,000 square feet. Of such stores, 466 were owned, 263 were leased and 118 stores were operated under arrangements where the Company owned the building and leased the
In, 1983, the first Sam's Club members-ware house store opened, and the first Supercenter opened in 1988. By 1989, there were 1,402 Walmart stores and 123 Sam's Club locations. There was more job oppurtunities more than ever, and sales have grown from $1 billion to $26 billion. Today, there are 9,826 stores in 28 countries that employ 2.1 million associates, serving more than 176 million customers a year. There are many purposes to why Walmart is so successful, but one of the main reasons is the development of the bar
Since the opening in 1992, technologies have greatly improved and the Mall of America has strived to grow and adapt to changes while still continuing to provide quality services yearly. Shopping Mall experiences can sometimes be very tedious and sometimes one only go to the mall unless the absolutely have to go. With online retail proving free shipping and the comfort, privacy and convenience of shopping in one’s home, Mall of America provided different attractions such as amusement parks that motivate old shoppers to return and new shoppers curious to simply experience what the mall have to offer. They continue to provide tradition anchor stores such as Macys, Sears, Bloomingdales and JC Penny’s. (a) What criteria should Mall of America use in adding new facilities to its