The Secret of Wal-Mart's Success

The adult males largest retailer, Wal-Mart, is moving into Europe, and the UK is its second target after Germany. BBC countersign Onlines Tim Weber looks at the secrets behind the companys success. The figures make the owners of boxful shops and small retail chains shudder: Wal-Mart operates 3,601 stores, employs more than 910,000 flock world-wide, sales amounted last year to $137.6bn (£85.7bn) - equivalent to a ordinal of Britains total economic output. Patrick OConnell: The largest retailer in the world began life as a single store in Arkansas The company serves about 90 million customers either week and has stores in the United States, Puerto Rico, Canada, China, Mexico, Brazil, Germany, Argentina and South Korea. Where Wal-Mart treads, competitors tremble. UK super food markets exit face tough times, but consumers are bound to suck up the benefits. Expansion Wal-Mart is the grand-daddy of all discount chains. Its huge US stores, twice the size of the largest European hypermarket, sell everything from food to habit to dissipated goods to hardware. Richard Quest delves into the secret of Wal-Marts success Operating from cheap distant warehouse sites, Wal-Marts discount prices have trounced the competition.

After the death of sacrifice Sam Walton in 1992, the company briefly seemed to have upset its way. But under the guidance of new chief decision maker and chairman David Glass it soon re-invented itself. Wal-Mart offers a one-stop shopping experience, from groceries and clothing to hardware and work-out equipment Wal-Mart is now stronger than ever. Sales are rising over again - up 17% last year. Strong consumer spending in the United States has helped the companys fortunes. But the main driving imbibe of future revenues will be Wal-Marts programme of relentless transnational expansion. In Europe the company has only entered the German market so far, buying 21 Wertkauf stores a year agone and adding 74 Interspar shops last... If you want to get a full essay, ball club it on our website: Ordercustompaper.com

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