Wal-Mart is good because it produces products for consumers to buy at a low price. The low prices help people that can’t afford high price products to be able to buy what they need. Wal-Mart is probably the widest and strongest company in the U.S. business history. They have a great economy and they are the most admired company. Can you believe that Wal-Mart is the first company on the planet to report one quarter of a trillion dollars in sales $256 billion?
Nordstrom is a leading retailer for women’s, men’s, and children’s fashion that sells clothing, shoes, and accessories. This retail store is dedicated to assisting its customers in not only purchasing fashionable clothing, but also creating style. It was established in 1901 as a Seattle shoe store, Nordstrom Inc., recorded a company high revenue of $13.1 billion in 2015. (Business Insights) With over 120 full-line store locations in U.S. and Canada, 188 Nordstrom Rack locations, five Trunk Clubhouses, two Jeffrey boutiques and one clearance store, as well as serving customers in 96 different countries online, Nordstrom definitely has wide spread popularity (Hoovers).
" This mission reflects exactly what Best Buy is looking for through focusing on its customers and employees as well. Trying to engage its customers’ attentions and educate them about the features of its products and services is not an easy task, it requires great effort
Best buys Best buys a store that has online deals covering items such as electronics, clothes as well as apparels has all necessities that anyone needs for proper function in different situations you get to work with. If you are engaged with proper online ways you can benefit more from it. The store provides all the necessities you are more encouraged to get as a solution to your personal needs. It is yet one of the most visited stores in US.
Walmart is one of the biggest corporaations in America. They sell pretty much everything! Whether is TV's, clothing, food, house accessories, furniture, you name it, they got it. Everytime I walk into a Walmart, it's always full with customers theres never a time where its empty. How ever, their amazing sales is what catches the citizens attencion.
Best Buy has a large net working capital; with just over 18 billion in current assets verse its total liabilities at just over 12 billion. This offers a 6 billion dollar difference in the assets to liability ratio, which is good for Best Buy. Most of Best Buys assets come from the merchandise that the stores sell, accounts receivable, and marketable securities, and cash. Two important areas to manage working capital is managing the company’s current assets and also the availability of short term financing to arrange for quick cash. Best Buys views both of these things as important to manage their working capital.
Both companies sell a wide array of consumer products. With hat said each company has a very wide variety of products portfolio. The diversity n the products that each company sells enables these retailers to address a wide range of customer segments and reduces the company's dependence on a single product line for revenue generation, thereby diversifying its business risk. Though TigerDirect.com primarily conducts most of it’s business online, and Best Buy has many brick and mortar stores (as well as online shopping), both companies have thrived with the continued growth and expanded use of consumers spending much more time conducting their business over the
Best Buy Co., Inc. is a multi-national retailer of electronics, entertainment products, and services. It currently operates a total of 1,631 stores in the United States, Canada, and Mexico, and employs more than 125,000 people. The company has a broad portfolio, which includes many brand names such as Best Buy, Future Shop, Geek Squad and much more, with multiple selling channels. Best Buy is the largest consumers’ electronics retailer with $39,528 million in revenue for the fiscal year 2016.
Best Buy, incorporated 1966 in Minnesota, is a retail chain of over 1500 stores and an online presence that is focused on selling consumer electronics and appliances. Best Buy’s business is seasonal: a higher proportion of its revenue and earnings is generated in the fourth quarter which coincides with the holiday shopping season in US, Canada and Mexico. Best Buy sells gift cards and e-gift cards through their websites and selected third parties and retail stores. Gift Card Transactions: When a gift card is purchased, cash or payment otherwise is accepted and the individual card holds a value equal to the payment.
Best Buy was founded in 1966 in Minnesota by Richard Shulze with one store originally called “Sound of Music” in which he only sold home and car stereo equipment before the name changed to Best Buy in 1983. Best Buy is one of the largest retailers internationally that provides technology products, services, and solutions in the US, MX, China, and Canada. Best Buy main competitors are Amazon, Walmart, and Sears. Best Buy “now operates 1,475 stores in the United States and 468 stores in Canada and Mexico” on a daily basis. Instead of having the standard mission statement, Best Buy has a list of Core Values that includes: “Unleash the Power of Our People, Learn from Challenge and Change, Show Respect, Humility, and Integrity, and Have Fun While Being the Best”.
Discussion Board #2 Reply 1 Johan Rivera Liberty University Bishop, Thank you for sharing important and valid information about the Best Buy Company. Taking in consideration the information provided about the financial statement of the company, it can be determined that the company is in a steady path to a bright future and continuously growth. As you mentioned, the company is well established in the United State territories. However, in the Standard & Poor’s Net Advantage database, the company decided in March 2015, to consolidate Future Shop and Best Buy stores and websites in Canada under the Best Buy brand. This resulted in permanently closing 66 Future Shop stores and converting 65 Future Shop stores to the Best Buy brand.
In this individual discussion forum, the annual report (Form 10-K) of Best Buy Co., Inc. as required by the Securities and Exchange Act of 1934 is reviewed placing focus on the financial statements and notes to those statements. A comparison to the statements in the annual report to those presented in the course text is provided noting similarities, differences, and possible concerns. Reflection on the review provides assessment of rationale for possible personal investment in the company. Financial Statements Operating in the United States, Canada and Mexico, Best Buy is a “leading specialty retailer of consumer electronics, computer software, home appliances, and home office products and service” (Kenney & Khanfar, 2011, p. 159).
Let's initially start by examining some of Walmart history. Walmart was established in 1962 by Sam Walton with it first store opened in Rogers, Arkansas. The CEO of walmart is Doug McMillion, Walmart Stores, helps people around the world save money and live better lives with their retail stores, online, and through their mobile devices. Each week, nearly 260 million customers and members visit one of walmart 11,539 stores. Walmart annual fiscal report for 2016 was a revenue of $482 billion, Walmart employs more than 2.3 million associates worldwide.
Best Buy is a US based store that has a lot of options getting provided to consumers who use an online approach they are confident to avail and it makes buying business look very interesting as you might have a search criterion of better purpose. Use Best Buy coupon codes to buy electronic equipment such as LCD’s which are a main source of electronics you would want to adhere to and get an assertive look you might need to put in to action online. Use a proper and accredited approach you must be willing to avail from the on web use of tokens such as Best Buy coupon codes that will get you appliances for the kitchen such as washing machines and dish washers to get your home in to full order because you might be reliant on this store and order
Best Buy offers free shipping on orders of $35 or more and free in-store pickup for items purchased online. Mobile Apps & Social Media Best Buy has increased their mobile presence. They first launched their app in 2010 and they launched a customized iPad version in 2013. Best Buy relies on mobile apps and social media to drive both online and in-store traffic. Best Buy has a website and mobile apps where customers can: • Browse the entire product catalog • View weekly ad and featured offers •
