Wednesday, May 22, 2019
Walmart Analysis
Company Information Sam Walton opened their outset Walter store since July 2, 1962. People think we got big by putting big stores In small towns. Really, we got big by replacing Inventory with information. They opened their first store In Rogers, Arkansas. By 1967 they owned 24 stores and bringing In $12. 7 million In sales. By 1970 Walter went national. They also became a publicly trading company. In sasss the first Cams Club opened and the first Walter Superstructure opened as well. It combines a super turn backet and general merchandise all in one place.In sasss, Walter was named Americas Top Retailer. They also opened their first Cams Club in Mexico city in 1991. Sam Walton passed away in 1992 at age 74. By that time, Walter employed 371,000 associates In 1,928 stores and clubs. In 1993, they hit their first $1 million mark in sales. Between 1994 and 1998, Walter opened stores in China, United Kingdom, and bought Wolcott 122 stores in Canada. (www. Walter. Com) By 2014, Walter employs 2. 2 associates at more than 1 1 ,OHO stores worldwide. At this time it serves everywhere 200 million customers.Walters earnings per shargon Increased 10. 6 % to $5. 02. They had an Dalton of $22 billion In net sales, and they are now a $466 billion company. They porn Strengths Wide range of products International operations Cost leadership strategy Weaknesses Labor related lawsuits High employee turnover Negative publicity Opportunities Trends towards healthy have Retail market growth Online shopping growth Threats Resistance from communities Rising prices Gap Analysis Walter has had to face several labor related lawsuits every year. They personify the company millions of dollars.The company is criticized for poor work conditions, low ages, unpaid overtime work and female discrimination. It also suffers from high employee turnover. It Increases the companys cost because they have to do a gage of training of new employees. I think the reason for the high turnover is be cause they have low skilled and poorly paid Jobs. These two gaps are best filled by training needs. I think management needs a better training assessment for their employees. Walter does have a lot of stores order to keep employees, I think they need a better training program.
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