Company Description Walmart was founded in 1962 by Sam Walton in Roger, Arkansas. Walmart has 9,826 stores and clubs in 28 countries. It employs about 2.1 million associate’s worldwide serving more than 176 million customers a year. Walmart annual net sales for 2010 were $405 billion, the net sales increase by 1% from the prior year. Is not much of an increase; however is pretty good taking into consideration how the county has been facing some difficult times.
Lowe’s being apart of the top four retailers with home center segment represented 90% of their industry revenues, which was highly concentrated. Since many home centers were located close to one another, the industry was competitive, extremely within their price points. Lowe’s however by economic growth the company was extremely affected, for about seventy five per cent of homeowners completed a renovation project on their property annually. Lowe’s enlarge its store and product selection in the 1990s to cater to the do-it-yourself homeowner. The rapid growth of Lowe’s leaded to opening stores in Mexico and Canada within 2008.
In 1979, Family Dollar’s stock began trading on the New York Stock Exchange (NYSE). In the 1980s, Family Dollar’s pace of store expansion led them to become a major regional discount store chain. The pace was so dramatic during the 1980s that from the beginning of 1981 to the end of the decade, Family Dollar went from opening their 400th store to opening their 1,500th store. The 1990s yielded about the same growth as it was in the 80s as far as stores opening. At the point of 1992, they exceeded 1 billion dollars in annual sales.
In 1984, they renamed the store Tanglewood and decided to spread out to the northwest. The business grew in the 90s by buying existing stores. Currently, there are 243 stores in the United States with Emerson and Wood in the positions of CEO and President of the company. Business Strategy/Goals Tanglewood is a moderately sized organization in the retail industry that accounts for $4 trillion in annual sales. They have a strong financial growth potential which is indicated by all three profit ratio figures shown below.
They are some of the major national and regional retailers in United States: some of which have international presence. The company was bought for $42 million by Tucker Hansson which invested $25 million of its own money. Tucker had carefully built and managed the firm for the past 15 years. In 2007 HPL had four plants that operated at 90 percent capacity and revenue of $681 million. HPL products are part of a $21.6 billion personal care products market in the United States.
Headquartered in Bentonville, Arkansas, Walmart’s annual revenues are as much as 448 billion dollars. Needless to say, the above facts indicate why its policies are topic of public interest. Walmart is the retailer that has reversed a hundred-year history that had the retailer dependent on the manufacturer. Walmart decides the price of a product, don’t bargain, says the manufacturers. This explains the dominance of Walmart over its suppliers.
BB&B has opened hundreds of stores over the last few years, ranging in size from 30,000 to 80,000 square feet. Because it uses a flexible real-estate strategy, BB&B is able to situate in a variety of locations. BB&B is now also being allowed into large shopping centers. In the past, department store anchor tenants blocked BB&B. In 2004, BB&B had about 630 stores with a total of 20.5 million square feet of store space.
Group 10: Wal-Mart Written By: Daniel Gasparini, Brian Crosby, Marcus Burns, LeeAnne Marshall, Daniel Lin, Daman Badesha, Josh Smith Submitted: Nov. 19, 2012 Course: BUS*2090*02 Summary Wal-Mart began its operations in 1962 with a single location in the mid-western state of Arkansas. This was in a time where grocery stores were beginning to boom in popularity. Since then, the company’s growth has exploded to over 8,500 stores across 55 countries; employing in excess of 2.2 million men and women. Wal-Mart has built its business empire by identifying itself to consumers as a “one-stop shop”; offering a variety of products and services across departments. These products/services include, but are not limited to groceries, clothing, electronics, automotive and petroleum.
Their average sale is $45.00. To attract customers, the retailer offers stimulating store environments that feature a daily flood of exciting merchandise. Today, Forever 21 comprises 7,000 employees working in more than 200 retail stores throughout the United States and in select locations overseas. The stores are placed and shopping malls and not in shopping centers. Taking its niche retailing to a new level, Forever 21 has embarked on an aggressive growth plan.
Customer loyalty will increase as will market share, revenues, and profits. Background The first “Consumer Value Store” (CVS) opened in 1963, growing quickly both organically and by acquisition to become one of America’s largest retail drugstores with $20 billion in revenue in FY2000. Over two-thirds of that revenue came from CVS’s pharmacy operations. At the start of FY2000, CVS had 29.5 million pharmacy members and over the course of the year the company attracted 8.5 million new pharmacy members. However, over that same period the company also lost 7.2 million regular pharmacy customers who took with them an estimated 55 million annual prescriptions that would have contributed $2.5 billion to CVS revenue.