Wal-Mart
Wal-Mart's mission statement is Always low prices, everyday. We sell for less.
In the 2005 annual report, Lee Scott says "we generated higher profits for our shareholders without passing along higher prices to our customers." He also talks about maintaining integrity, continual improvements, and service to the customer. Most all of his comments appear to be consistent with the mission statement.
Under the industry of retail, discount stores, Wal-Mart's top competitors are stores such as Target, Big K, Costco Wholesale Corporation, and Big Lots. Target doesn't seem to compare with Wal-Mart's low prices or variety of products. Costco is more of a mass quantity purchases and Big Lots falls very short on product quality.
Some of the challenges for Wal-Mart including, consumer spending patterns and debt levels, weather conditions, competitive pressures, currency exchange fluctuations, trade restrictions, and other risks.
Wal-Mart has lots of opportunities for their......
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Approximate Word Count: 316
Approximate Pages: 2 (260 words per double-spaced page) |