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Walmart's Mission Statement

881 Words4 Pages

Walmart is a leading retailer in North America. Walmart Canada Corp. is the Canadian division of Walmart which is headquartered in Mississauga, Ontario. It was founded on March 17, 1994 with the purchase of the Woolco Canada chain from the F. W. Woolworth Company. Walmart incorporated in 1969 and became a publicly traded company a year later. So, Wal-Mart is not family owned, but rather owned by its stockholders. However, Walton family members still have control of the company, owning about half of the shares. Walmart offered services include Low prices, Retail services, Easy shopping, photos and Pharmacy. Low Price: Their competitive strategy is to offer the lowest price. Walmart also offers price matching where customers can compare prices …show more content…

Walmart’s mission statement is Saving people money so they can live better. This statement is synonymous to the company’s slogan, Save money, Live better. The firm follows and succeeds in fulfilling the saving people money component of the mission statement. Consumers save money through Walmart’s low selling prices. However, it is not yet clear if the company satisfies the live better component of the mission statement. There are criticisms on Walmart’s very low wages that are barely enough for employees to make ends meet. There are also criticisms about the long-term effects of the firm’s continued large-scale sales of cheap and sometimes hazardous imported …show more content…

Walmart is continuous replenishment system transmit order to restock directly to its suppliers. The system enables Walmart to keep cost low while turning its merchandise to meet customer demands. Walmart is using operation system to achieve the lowest cost and the lowest prices. Walmart is providing the low price and shelves full with stock using a legendary inventory replenishment system. Walmart is one of the big retail store Canada. Walmart replenishment system sends orders for new merchandise directly to supplier as soon as customer pay for the cash at the counter through bar

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