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What Is Sam Walton's First Retail Stores

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Introduction. Sam Walton who started his retail career in 1940 with JC Penny as Management trainee and after 18 months he resigned and to be part of the military for world war II and 1945 he took over the management and took 20,000 loan from his father in law and 5000 which he had saved from the military he purchased franchise called Ben Franklin and named his first retail store Walton. In 1945 Sam has 100% sure to start this retail merchandise, where he offered brand name at lower cost, clean and friendly shopping experience for consumers. After being the success in his first retail store he sided the biggest retail chain in the history of the world. He founded a Wall Mart’s first store in 1962 and called his employee associate rather than …show more content…

This trucks are specially assigned to fleets enables shipping goods from distribution centers to stores within two days. This are professionally trained and given “Private Fleet Driver handbook”. This helped drivers to be aware about the teams & condition and it also made them aware about their standard. This drivers regularly monitored and verified their work being up to wall mart’s standards. In order to be more effective wall mart has developed logistic technique called “Cross Docking” this systems helped the drivers to pick the finished good from the manufacturing site or supplier’s stored locations and delivered directly to the costumers. This systems and business model helped them to go from supply chains to demand chain, which helped them to go directly to their retail stores and eliminated there distributions center and saved money which they utilized to being more competitive and being more cost efficient on their …show more content…

• Discount Store, which is around 100,000 square feet and it wide range of products but for limited stocks. • Neighborhood Markets, which area round 43,000 square feet and this business models offers all you can find in a super market and general merchandise. • SAM’S CLUB, this business models is for specific costumers who would sustain their yearly memberships. This business model had accounted over 13% of wall mart’s sale in year of 2005. This business models are approximately 1280,000 square feet in the United States. SAM CLUBS they offer consumers to buy good at the cheaper cost but in bulk and that helped the smaller business to buy good from them at cheaper cost and make good margins. • Wall Mart International, this business models are custom business models, which helps Wall mart to determine their business strategy based on county and their regional location on the country’s location. As of today Wall Marts operates in over 11,000 retail locations under 65 banners and in 28 countries, such as Argentina, Canada, United Kingdom, Germany, South Korea, Puerto Rico and join ventures in China and India. Wall Mart has employed over 2.2 million employee across the

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Strengths: the main strengths of Sam’s Club as they are consumer oriented, their consumers are able to buy in bulk, their supercenters consist of a one stop shopping experience, a satisfaction guaranteed policy, always promoting consumer goodwill, the ability to buy from local merchants, profit-sharing and stock ownership for employees, tops many in their industry in cutting-edge technology, has an ongoing development of its employees and a strong community association. Weaknesses: Their weaknesses are they have no official mission statement, their memberships are only for SAM’S Club, they retain poor performing employees, outdated store policies, and only a small number of minorities and women are in the top management position. Opportunities: Sam’s Club has a lot of opportunities, such as implementing the ease of shopping, engaging the growth of internet shopping, increasing dollar value, parallel shopping configurations globally, expected increase in their retail sales, having environment conscious customers, the growth of the elderly population, and a virtually untapped Asian/European market by

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In correlation to economist Peter Drucker’s S.M.A.R.T principles, Wal-Mart was (S) specific, (M) measurable, (A) achievable, (R) realistic and (T) time-bound in their decision-making, which gave them a competitive advantage over their competition aimed at

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Stores are located in small towns, big cities and everywhere in between. Most often found in strip malls and surrounded by other successful complimentary businesses, they are contained within 8,000 to 10,000 square feet. Integrating

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By introducing their products and services to hypermarkets they will be making up for the markets volume. By having more input in manufacturer control which include evaluating different raw materials from different suppliers can help to capitalize on the organization resources. They key is building a better and stronger consumer base if they focus on the quality of products they are offering and what regions they are marketing. The company is made of three important parts which include television, internet, and phone service. They are a brand that can capitalize on cost of content, film, and even sale on production.

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Even company that use this model can still care for the employees and how they want and need things to make them successful. The company I chose for this is Family Dollar Stores which the name already gives you some insight. In November 1959, Leon Levine opened the first Family Dollar store in Charlotte, North Carolina which has grown today into over 8000 stores in the USA. He created a general floorplan that he used in each of his stores that allowed customers to easily shop for their favorite products in any Family Dollar store and this still happen today (Family Dollar, 2016). The Family Dollar Store mission statement is “For our Customers a compelling place to shop by providing convenience and low prices for our associates.

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As a competitive advantage, instead of stocking every item in a variety of name brand, Sam’s Club merchant’s research to ensure each Club is stocking the right products and purchasing them in large enough quantities. (Sam's Club, n.d.) Sam’s also reduce costs by maintaining a clean warehouse environment by often displaying merchandise on shipping pallets for quick rotation (Sam's Club, n.d.).

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Because our expertise, experience and resources, our logistic services go beyond transferring freight from point A to B. To ensure effective operations, we have invested in a complete range of vehicle from refrigerated trucks and taut liners to trailers. To enhance import and export container drayage services to and from the Los Abngeles and Long Beach ports, we have also invested in several tractors thath area EPA compliant in an effirt to sva ethe environment and meet the strict environment guidleines set by our ports. Our capacity allows use to transport various types of cargo, including general cargo, bulk materials and container transportation, and hazardous and non hazardous materials. To transport hazardous materials safely, all our drivers have all been taken through a thorough hazardous material training to ensure proper handling and transportation of such goods. The full range professional driver training also involves advanced driving techniques and trailer towing training.

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The grocery industry between 2011-2016 had an annual growth rate of 1.4 % and total revenue of $602 billion in the United States (Industry, 2016). Consequently, “the structure of food retail has fundamentally changed in the past two decades, via the rise and proliferation of supercenter stores” (Volpe, 2014, pg. 325). Supercenter stores are very large facilities that have a full line supermarket and multiple merchandise located within their stores (Hanner, Hosken, Olsen, & Smith, 2015). In fact, the largest supercenter in the United States is Wal-Mart. As a result, Wal-Mart made $482.1 billion for their 2016 fiscal year (About Us, n.d.).

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H., 2010). Low pricing strategy has enabled the company to get more and more customers, this has resulted in volume sales. When the company was started the main focus was placed on the small towns in the U.S, the towns had low populations and for this purpose the major competitors did not see any need to concentrate on them (Kreitner & Kinicki, 2012). Sam Walton concentrated on these small towns with his Mantra of everyday low prices. This mantra has assisted many consumers to get their products in the branded and the unbranded categories.

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Sears and Roebuck was once the biggest retailer in the history of the United States. Sears has grown from humble beginnings as a catalog and was a leader in home appliances, apparel, lawn and garden, electronics, and the list goes on. Despite their great efforts to strive to become the largest retailers, Sears faced several important issues. When analyzing Sears using the competitive forces and value chain models; Sear could have re-arranged the store sales floor to promote and participate in a venture by offering something of interest in the sale of products. Examples of this might place the male workwear apparel adjacent to where the tools were sold to attract men shopping for items to visit this area.

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Other than use it to improve his company and daily essentials, he barely even touched it. Because Sam thought that if he spends his money on extra things, then he’s just wasting his customers’ money. The reason I chose this story is because it’s unique, and sets a good example for others. If all the people in the past thought like Sam Walton did, then people wouldn’t have had to be victims of thieving, or even murder. If people living right now thought like Sam did, then people would be doing what they want to be doing, not what they “have” to do to earn money.

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One such example is how US-based Best Buy is using its store space to partner with Samsung in more than 1 000 Samsung Experience Shops, using a store-within-a-store format housed within Best Buy locations.

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Implementing these systems enabled Walmart achieving significant cost advantage as they had eliminated wholesalers which saved them 5% sales

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Sam Walton a global market and transformational leader who has the vision to sell volume over profit. His vision gave him the opportunity to own and operate a single store in a small town in Arkansas and transformed his business to be one of the biggest corporation with over 4,000 stores in the United States. Sam Walton operate his company, Walmart, with compassion and love for his employees living with moral and ethical standards. He led by example, cared for his workers, customers, and most of all being a servant leader he is. He revolutionized and made a constant inspiration and made a huge impact in the retail industry.

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Walmart Case Study This case study involves America’s largest and most recognizable retail chains. Walmart steadily grew from its founding in 1962 as a small Arkansas based retail store into the multi-national giant that it is today. One of the issues that Walmart’s unprecedented growth has raised is how it can maintain the ethical standards and principles held by its founder, Sam Walton, when it has grown past its humble roots and continues to grow in an ever more competitive and hectic world.

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