Unit 1: The Business Environment Task 1: Describe the types of business, purpose and ownership of two contrasting businesses. Tesco is a profitable British global company and is the third largest retailer in the world measured by profits. Brockenhurst is a non-profitable local organisation located in the New Forest run by the government. Tesco 's is the grocery market leader in the UK where it has a market share of 27.8%. (Tesco 's was founded in 1919 in London and Jack Cohen bought a plot of land in 1934) since then the supermarket has expanded.
Introduction Ingvar Kamprad “IKEA” came into existence in 1943, when he was just 17 in the small village of Agunnaryd in Sweden (IKEA History, n.d.). IKEA started selling furniture product in 1947. After receiving positive response IKEA opens their first store in Almhult, Sweden in 1958. At present IKEA grand total of 301 stores in 37 countries among that IKEA itself owns 267 stores in 25 countries. Estimated sales revenue in 2009 financial year was 21.5 billion euro's with the help of 123,000 co-workers in 25 countries (IKEA group stores, n.d.).
Introduction Wal-Mart Stores, Inc. (branded as Walmart) is a U.S.-based, low-cost retailer and the largest corporation in the world in terms of revenue in 2009.24 Walmart is a multinational corporation with an expansive supply chain network which delivers goods from suppliers to its stores. Walmart has a total of 242 distribution centers (DCs) and 8,423 stores worldwide.25 Within the United States; the company has a total of 49 DCs. Imports into the United States move through the ports of Los Angeles/Long Beach, California; Norfolk, Virginia; Savannah, Georgia; Houston, Texas; and Elwood, Illinois. Goods are moved within the U.S. by 7,950 truck drivers, 7,200 tractors, and 53,000 trailers. Wal-Mart, like most of top retailers, has both online
shops in Asian Countries such as South Korea, China and Thailand etc. Tesco was the market leader in Thailand and was expanding its operations rapidly in China and South Korea. Tesco became the second largest retailer in South Korea in 2006. It was operating in the country through 62 stores and had a market share of 17%. Beside, Tesco entered the South Korean market in 1999, through a joint venture with the retail division of Samsung Group (Samsung) and begun operating under the banner
The start of Tesco.com which was built on the back of existing stores and, with low capital spend, was profitable from the start – a key internal requirement. Tesco’s international operation, which started in 1994, has steadily expanded and now accounts for half of its total retail space. Second, The Store Group was established in year 1968. It is also recognized as the largest and oldest existing supermarket and departmental chain by The Malaysia Book of Records since year 2001, with 75 operating outlets spanning approximately 1 million square meters of retail space across Malaysia. The Store offered comprises fresh produce, various types of food and beverage, electrical appliances, apparels, footwear, bags, household items, baby and children’s products, cosmetics and etc.
Founded in Sweden at 1943 by Ingvar Kamprad, IKEA is a value-driven company with the vision “To create a better everyday life for the many people”. As of January 2009, the company became the world’s largest furniture designer and retailer. Currently, IKEA owns and operates 351 stores in 43 countries across Asia, Europe, North America and Australia. The company’s product range consists of 9,500 home furnishing articles, of which they are known to be well-designed, functional and inexpensive. IKEA has about 1,220 suppliers in more than 55 countries around the world, providing the bulk of the company’s inventory.
RESEARCH PAPER – CORPORATE FINANCE Introduction In 1962, the first Walmart store was opened in Rogers, AK. Founded on the principal, “The Lowest Prices Anytime, Anywhere,” offering better prices and services for his customers was the guiding mission of Walmart. By 1967, 24 stores were owned by the Walton’s. In 1970, Walmart was incorporated as Walmart Stores, Inc., and was first traded on the NYSE in 1972, trading at $16.50 per share. As of December 2014, Walmart shares are trading at $84.12, and Walmart has grown to the most profitable company in the world (Forbes), operating 11,000 stores in 27 countries with 2.2 million associates.
Part-A Q.1. Identify the primary issues facing Walmart. Should Walmart have been able to anticipate the issues it now faces? Ans: Walmart was established by Sam Walton in 1962. In 2005, around 5482 stores were operated in 16 countries and engaged 1.3 million associates in the United States and became the second largest employer after the federal government.
Steinhoff started business operations in Westerstede, Germany by Bruno Steinhoff in 1964, the company began operation as furniture retailer that provided medium for furniture makers in the then communist ruled eastern Europe to sell their products in the free markets of western Europe. However, since their humble beginning, Steinhoff international currently holds over 12,000 open retail stores, they own 26 manufacturing plants and employs about one hundred and thirty thousand (130,000) employees (Steinhoff International, 2018). Problem Over the past years, Steinhoff International N.V. experienced “mammoth” growth through multiple international acquisitions that was fueled by building
• Excutive summary Sam Walton opened the main store in 1962 in Rogers, Arkansas ,Within 5 years there were 25 Walmart stores winning an aggregate income of $12.6 million in deals while In 1972 Wal-bazaar was recorded in the NYSE. In 2005 Wal-shop fused manageability in it 's business under their CEO H Lee Scott Jr. In August 2007, Wal-Store and Bharti Undertakings reported a consent to build up Bharti Wal-Bazaar Private Restricted. Mike Duke succeeded Lee Scott as president and CEO onFebruary 1, 2009. By and by 7,800 stores and club areas in 14 markets utilize more than 2 million partners, serving more than 176 million clients per year a) Walmarts charactraistics: • Advantage Wal-Mart Economy: As indicated by the monetary counselor to President Barack Obama, James Furman, Wal-Mart and the "Wal-Mart economy" has been doing useful for the American specialists and low-salary families who can 't stand to buy more costly items made in the US.