Wal-Mart has some serious brand awareness all across the world, and is known for having affordable prices. With the current state of our economy and many others around the world, people are looking for deals. Also, many people are so busy just trying to get by, and handling the trails of daily life that they don’t have time to think about things that aren’t directly affecting them. So, I don’t think that people are going to stop shopping Wal-Mart just because of these accusations; however, when the economy turns around I think that Wal-Mart may be in some trouble. This is why Wal-Mart should start to fight back by making some subtle changes. Generally when the economy is strong the level of unemployment is relatively low. Therefore, firms have to compete more heavily for the best employees. Right now wages in most big-chain retail stores are low, hovering around minimum wage. Wal-Mart fits right into this category, and catches a lot of flak about the way its employees are treated. People know the reputation that Wal-Mart has pertaining to their employees, yet there are a great deal of people walking into to Wal-Marts every day seeking employment. Right now they feel like they have no choice, and are lucky to have a job at all; however, when the economy turns around this may not be the case. Wal-Mart may lose many employees to other firms that treat their employees more ethically, so they should start to make some modifications. The changes don’t have to be revolutionary, but just enough to make people think that they care. The skill set required to work as a cashier are dime-a-dozen. Almost anyone could do that job, so I don’t think that they have to go above and beyond to take care of their employees; although they need to at least make Wal-Mart an attractive place to work. Wal-Mart has also received much criticism from
Global Discount Retailer moves from Brink and Mortar to Click and Mortar
Since San Walton opened his first store in 1962, Wal-Mart has grown into a global retailer with more than 4,000 store in the United States and more than 6,000 internationally.1 Wal-Mart’s mission statement “We save people money so they can live better”, does not elude to where its strategic focus areas are, but it does sound good for the average customer who has a limited budget.
According to Wal-Mart…
behaviors and business planning. For example, as the largest retail company in the world, Wal-Mart is considering how to give local government leaders more ownership in the design and location of Wal-Mart retail stores. (Hemphill 2005 18) In the Los Angeles suburb, local government has sought to prevent Wal-Mart from opening, but the company has succeeded to persuade voters to approve their expansion plans. Wal-Mart was as well as defeated by a vote in Contra Costa County. Vekshin has pointed that The company…
Wal-Mart Business Summary & Financial Health
Wal-Mart Stores operates retail stores in various formats around the world. In the United States, Wal-Mart’s operation includes discount stores, supercenters, neighborhood markets, market-side, and Sam's Clubs. Its international division consists of operations in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The company is headquartered…
MBA 6008-Global Economic Environment
Final Project: Wal-Mart
December 30, 2011
Wal-Mart is a successful retail corporation that is known worldwide. The retail company has created economic benefits for consumers that are extremely tremendous. Wal-Mart has provided more choices for consumers at lower prices in communities where local retail monopolies were evident prior…
Case 4: Wal-Mart Stores Inc. June 2012
1. To what extent is Wal-Mart’s performance attributable to industry attractiveness and to what extent to competitive advantage?
Wal-Mart can attribute most of its success to competitive advantage rather than industry attractiveness. As they expand their product lineup they bring themselves in to more and more competition with business already established in these fields such as grocers, pharmacies and other medical services. Additionally the market is already…
These two charts all are the important ratios come from war-Mart.
Walmart Financial Ratio
inventory on hand
All liquidity ratios have increased slightly from year to year, except we
see a decrease in working capital…
Wal-Mart is one of the largest companies in the United States. There are many different opinions people hold about whether or not Wal-Mart is good or bad for our nation. In my opinion, I believe that Wal-Mart is both good and bad for our economy.
First of all, I feel that Wal-Mart is positive for our economy because they have the lowest prices. Wal-Mart has opted to ensure that their prices are as low as can be and they have done a fantastic job keeping their promise true. Wal-Mart…
May 26, 2014
Sam Walton opened the first Wal-Mart 52 years ago in Rogers, Arkansas. His goal was to open a store that would allow its customers to save money while receiving great customer service. Five years after the first Wal-Mart opened their doors there were twenty four stores open, bringing in more than $12.7 million in sales. In 1969, Wal-Mart became a corporation, Wal-Mart Stores, Inc. By 1980, there were 276 stores…
Wal-Mart is commonly known as the world’s largest business, offers a broad spectrum of goods (linens, clothes, electronics, household goods, health & beauty items, etc.), with over 6100 world-wide locations and international net sales amounting to $140.9 billion (“Corporate”, 2014).
What is Wal-Mart’s secret weapon? Everyday Low Pricing – this was Wal-Mart’s motivation for being greater than profits. Wal-Mart clearly has chosen the low-cost producer route. They can provide goods and services at a…
Costco's Dilemma: Be Kind
To Its Workers, or Wall Street?
By ANN ZIMMERMAN
Staff Reporter of THE WALL STREET JOURNAL
March 26, 2004; Page B1
When it comes to workers, companies can be accused of not paying enough -- or paying too much.
Wal-Mart Stores Inc.'s parsimonious approach to employee compensation has made the world's largest retailer a frequent target of labor unions and even Democratic presidential candidate John Kerry, who has accused the Bentonville, Ark., chain of failing to offer…