Wal-Mart Stores, Inc.
Wal-Mart Stores, Inc. operates retail stores in various formats in the United States and Internationally. It has two segments: The Wal-Mart Stores and The Sam's Club. The Wal-Mart Stores segment includes Discount Stores, Supercenters, and Neighborhood Markets in the United States, as well as Walmart.com. It offers apparel for women, girls, men, boys, and infants. They also offer hardware, electronics, home furnishings, small appliances, automotive accessories, sporting goods, toys, pet food, cameras, health and beauty aids, pharmaceuticals, jewelry, optical department and photo processing services. The Neighborhood Markets include dry grocery, meat, produce, ...view middle of the document...
Although Wal-Mart does not have a formal mission statement, listed below are their main components.
Mission Statement Components
Products and services
Concern for survival, profitability, growth
Concern for public image
Concern for employees
Non-Formal Mission Statement
Our first responsibility is to provide all consumers the best products and services with guaranteed satisfaction under one roof. Wal-Mart provides a wide array of products and services at reasonable prices. We will continue to offer scholarships to deserving high-school graduates in hopes of providing students with a well-deserved education.
Consumers have been conveniently provided not only with the use of on-line shopping, but also with the concept of "one-stop shopping." The Wal-Mart team is devoted to everything that Wal-Mart has accomplished as a universal competitor. We are dedicated in recruiting, rewarding, and retaining employees of good moral standing by providing benefits for excellent performance, providing clean environments to work in, and by providing equal-opportunity for all individuals.
We will continue to offer the highest quality products at the lowest price to strive to be the best in the retail industry.
Wal-Mart has many opportunities that will make growth very possible. Technology from internet shopping to foreign markets will make Wal-Mart the retailer of the future.
Consumers want ease of shopping
Internet shopping growing
Dollar value increasing
Similar shopping patterns worldwide
Retail sales expected to increase
Environment conscious consumers
Elderly population growing
Asian market virtually untapped by retail
European Market untapped by retail
Since Wal-Mart has already established itself in the market globally, there are only a few threats that Wal-Mart will be challenged with.
Regulation of Wal-Mart pharmacies
Small towns do not want entry of Wal-Mart
Bad media exposure for Kathy Lee Brand
Variety of competition nationally and locally
Wal-Mart has only a few large national retailers to compete with. K-mart, Sears, and Target are the main three. K-mart and Sears have been in the business for a long time but, they have struggled financially in the past years. Target has been on the rise in the last few years, but they are still far behind Wal-Mart. Below is a Competitive Profile Matrix which includes both internal and external issues; which refer to their strengths and weaknesses.
Wal-Mart K-Mart Sears
Critical Factors Weight Rating Weighted Score Rating Weighted Score Rating Weighted Score
Market Share 0.20 3.00 0.60 2.00 0.40 2.00 0.40
Price 0.30 4.00 1.20 2.00 0.60 1.00 0.30
Financial Position 0.10 4.00 0.40 2.00 0.20 2.00 0.20
Product Quality 0.20 2.00...