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PPMNT BUSINESS NEWS CHANNEL
PANEL :
PHYLICIA BURKE
MOYAH CURTIS
MARKETING SPECIALIST
HISTORIAN
COMPANY OVERVIEW
• Walmart store branded Walmart inc. is an American
multinational retail corporation
Founder
• The 1st Walmart store was opened in Rogers, Arkansas
July 02, 1962, and incorporated on October 31, 1969
“The secret of successful retailing is to give your customers what they • Walmart has 24 international markets & serves 200
want. And really, you think about it from your point of view as a million customers a week through its variety of discount
customer, you want everything: a wide assortment of good quality
merchandise; the lowest possible prices; guaranteed satisfaction with stores
what you buy; friendly; knowledgeable service, convenient hours; free
parking; pleasant shopping experience”
• Walmart remains a family-owned business
Core Values
Mission Statement
To give ordinary folks the chance to buy the
same as rich people
Vision Statement
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POSITIONING STATEMENT:
For price-sensitive consumers around the globe, Walmart is a
multinational retail corporation that provides everyday products at the
lowest possible price. What sets Walmart apart is its operational
excellence, inventory management, and commitment to helping people
live better lives by saving them money.
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During the Recession Walmart does well because of a low prices wide
selection of products.
For Walmart to compete with the retailers economy is the rise they would
need to have a more flexible approach to the market using the following
steps:
VS
So who should get the credit for Walmart’s increase in
revenue and sales during and after the recession?
C T
Product U Price
O D
PR
o Offers a wide variety of goods o Low process that are considered
o High quality goods reasonably
P R unbeatable
IC
priced to satisfy the demand of the o Effective inventory & supply chain
E
consumers management
o Introduce new services
Place Promotion
PL
ON
AC
o Domestic & International stores
T I o PR
O
E
o Online shopping experience o Advertising using print, television
o Offers connivence
O M media
P R o Discounts
o Coupon offers
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Questions?