Download - International Business Walmart
SHRUTI DESAI
Founder of Walmart
Sam Walton did not invent retailing, he simply changed the business model and way of doing business to make it a much more profitable venture.
Walmart
• Headquarter:- Bentonville,Arkansas, United States.
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Walmart
Chairman CEO & President
S. Robson Walton Doug McMillon
Key People
History
• Sam's focus was on selling products at low prices to get higher-volume sales at a lower-profit margin.
• Sales increased 45 percent in his first year of ownership to $105,000 in annual revenue, which increased to $140,000 the next year and $175,000 the year after that.
Walmart
Incorporation Incorporated as Wal-Mart Stores, Inc. on
October 31, 1969.The first stock split occurred in May 1971
at a market price of $47Walmart opened its first Texas store in
Mount Pleasant on November 11, 1975In 2000, H. Lee Scott became President
and CEOeffect"mom and pop" stores.
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Wal-Mart rules the
Fortune 500.
Worlds largest company
Walmart
How can walmart control the global
Walmart operations are organised into three divisions :-
• Walmart stores US• SAM’s club• Walmart international
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Enterprise.
Walmart stores US
• $258 billion, or 63.8 percent of total sales for financial year 2010
Walmart Discount Stores Walmart Supercenter Walmart Market Walmart Express
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Retail formats:-
Sam’s club• Sam's Club stores are
"membership" stores and most customers buy annual memberships.
• Their old slogan was “We're in Business for Small Business” which changed to "Savings Made Simple“
• Walmart also operates more than 100 international Sam's Clubs in Brazil, China, Mexico
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Walmart International• Walmart's international comprise 4,263
stores and 660,000 workers in 15 countries outside the United States
• the company is the largest private employer in the U.S. and Mexico, and one of the largest in Canada.
• In the financial year 2010, Walmart's international division sales were $100 billion, or 24.7 percent of total sales.
Walmart
It started its international operations with its
entry in Mexico in 1991.
It formed a joint venture with Grupo Cifra SA de
CV (Cifra), a well-established retail chain in
Mexico.
It fine-tune its strategies to suit the Mexican
customer.
Walmart
Successful joint venturesEntered Mexico with a JV
2006 :- It formed a joint venture with Bharti
Enterprises, Inc.
2009:- Wal-Mart started doing business in India for
the first time.
Indian Wal-Mart is a wholesale business.
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Entered India with a JV
1990 :- Real estate prices in Japan declined.
Prompting many foreign retailers to enter
the country.
Wal-Mart started exploring the Japanese
market in 1997.
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Entered in Japan:-
Future planning of walmart•Wal-Mart is planning to open a new distribution centre in Mankato, in late 2015, creating about 300 jobs.•Global expansion is the mantra of Walmart for future.•Wal-Mart plans to hire 100,000 veterans over five years•Walmart is moving ahead with a plan to open hundreds of small-format stores.
Walmart
Walmart