Wal-mart the biggest retailer! First there was Wal-Mart and then came super Wal-Mart!
So how did it become the biggest and how did it revolutionize society? By being a store that has: one stop shopping, low prices, up to date technology, low wages and knowing what their customers want. The more stores they open the more jobs that become available. However, this does put some of the mom and pop stores out of business.
With over 20 million shoppers visiting Wal-Mart on a daily basis they must be doing something right. Even though some people might not agree with this. Customers are looking for the lowest prices (value for the dollar) and a store where they can get most of their needs, from food, hba's, toys, music, stationary, household items, sporting goods, clothes, eye care, pharmacy needs, photo needs, pet supplys , lawn and garden needs and much, much more. One stop shopping saves the customer time and money.
Some people feel Wal-Mart has had a negitive effect on society They feel they don't take care of their employers offering them lower wagers and fewer benifits.
But in the scheme of things Wal-Marts success and how its helped to revolutionize society comes from offereing products at a lower price and keeping its labor costs down.
Subscribe to:
Post Comments (Atom)
1 comment:
They sure are getting some things right. . . they skyrocketed in sales and public interest so quickly, it seems. But they are also victims of harsh criticism in ways some of the other companies on our list are not. . . is that because of their rapid and profitable rise? Or is it due to a win-at-all-cost mentality of their organization? I know it can all depend on how you define 'success,' but whether folks like Wal-Mart or not, they have definitely impacted retail, trade, and commerce in significant ways, showing us new models of business and attracting the attention of consumers, for good or for bad. . .
Post a Comment