So what’s these two business doing to make sure they remain multi million dollar companies. Wal-Mart is the largest company and retailers in the world . Also it is the worlds largest employer holding more than 2.3 million employees. Walmart is a very powerful retail store, holding the reputation for cheaper prices, faster services all for one store. Walmart has expanded tremendously and also having stores outside of the U.S. By walmart being the number one in the country, they are being targeted by others Being number
It has launched many superstores which offer groceries and also a good shopping environment. It has been successful in creating a brand name and good reputation as the leader in the industry. Their everyday low prices philosophy was influential in developing the loyalty of customers that prompted the growth of the company. This constancy in price and service empowered Wal-Mart to establish a reputation of loyalty. Customer loyalty has been increased by development of reputation and brand name which has helped in reducing the price elasticity of demand.
Americans feared their jobs would be taken by the new immigrants. Although Americans were already working long hours with low pay, immigrants could do the same unskilled labor but at a lower price. The new businesses and factories being made caused lots of competition among the wealthy. America witnessed its first millionaires in this time period. These millionaires consists of robber barons and contemptuous consumers.
JCPenny 's (JCP) had a successful year in 2006, they opened 28 new stores with the goal of opening 50 more the next year. They developed a new partnership with Liz Claiborne and had net sales of $19,903 million. This was an increase of $1,122 million from the previous year. In 2007 JCP had a slight drop in sales resulting in a 0.2% difference from the previous year in 2006. During this year, they took drastic measures to help secure the future of the company.
1 Introduction Argos is an UK based home retail group. It is one of the largest companies of UK that have been running around 737 companies and they have around 340 million visitors of their websites as well. According to a study it has been found that they are covering about 90% of the population of United Kingdom within their 10miles of an Argos branch. As one of the largest company in UK Argos has a decent growth rate of 20%. They have more than 130million customer and around two third of the population have taken under their catalog.
Target's main goal is to be the main shopping center for families. It's a classy discount store that focuses on customer loyalty and also has brand names that the customers wouldn't mind paying the higher prices for. Target's slogan, "Expect more, pay less" is recognizable throughout the country. It's also recognized for their coupons, red card rewards, and distinct red logo. Even when the economy takes a hit Target sales continue to grow, proving that it is one of the top retailers in the game at the moment.
For the simple reason of growing into the nations largest retailer by supporting low to middle class customers, becoming one of the greatest success stories in U.S history. And in 2005, 5 of every 6 Americans shopped at a Wal-Mart, and nearly 90% of the U.S population lives within 15 miles of A Wal-Mart store. So, if that doesn 't say anything itself, then I 'm not sure what will. Personally, I believe that Wal-Mart is good for our economy.
1. INTRODUCTION OF THE COMPANY Tesco Public Limited Company is one of the largest companies known worldwide, they are the multinational grocery and general stores that has many branches around the Europe as well as Asia. They have been labeled as the grocery market leader in the UK and the third biggest retailer due to its profit measures. Tesco was originally founded in the year 1919. The founder of Tesco was a person by the name Sir John Edward Cohen or also known as Jack Cohen, he was a market stall holder in Hackney, London and soon started a wholesale business.
UNILEVER What is Unilever? It is the one of worlds biggest consumer goods company and it’s increasing his percentage in world market everyday. About 2 billion people chose Unilever and uses it’s products. It’s founded in 1930 with the unification of Margarine Unie and Lever Brothers (an English soap company).
Walmart stores is one of the largest retailers not only in the United States but across the world. They hold tremendous power from a retail level and on a political level with governments in the US and outside. Ratios help create Walmart as a company and allows investors to be able to gauge and understand the metrics of the organization. These metrics and ratios help investors understand the specific direction of the company and the effectiveness of executive leadership. The primary ratio that must be understood regarding Walmart's earnings-per-share is the price earnings ratio.