Walmart carries everything and anything. They sell small things like groceries, all the way up to higher ticket items like T.V.s. They even sell firearms. Walmart has somewhere around 1.2 million associates all the way up to corporate. They have consistently hired 600,000 employees each year (Walmart at a Glance).
Since 1883, the Kroger Company has had an intensive background in American Culture. The moving force behind the Company was contributed to Bernard Henry Barney, he invested $372 and founded the first store The Great Western Tea Company in 1883. “The son of a merchant, he ran his business with a simple motto be particular, never sells anything you would not want yourself”. (Kroger Company Fact Book) His philosophy and motto are equally important today, and most desirable to the company’s customer’s base. By 1902 The Great Western Tea Company acquired 60 additional stores and changed its name to the Kroger Grocery and Baking Company.
Walmart was the first retail company to use Hub and Spoke System. In this, the goods are centrally ordered, assembled at a massive warehouse (Hub) and dispatched to individual stores (Spoke). With advancement in Technology, the Hub and Spoke system was upgraded to another information system called "Integrated Secondary route network design model" connecting hubs through primary nodes and centers using secondary nodes. Implementing these systems enabled Walmart achieving significant cost advantage as they had eliminated wholesalers which saved them 5% sales
Target Corporation is the second largest discount store retailer in the United States following Walmart. Target provides high-quality, trendy merchandise at logical prices. As of today, Target has more than 1800 retail stores and 38 distribution centers in the United States. The first official store was opened in 1962 in Roseville Minnesota and have thrived every since. I will be analyzing Target’s financial statements and communicating the results to our decision makers (Target 2017).
It is divided into three units: household care, beauty as well as grooming. William Procter, a candle maker, and James Gamble, a soap maker, immigrants from England and Ireland respectively who had settled earlier in Cincinnati made the company primarily. Alexander Norris, their father-in-law called a meeting in which be convinced his new sons-in-law to become business partners. On October 31, 1837, as a result of the suggestion, Procter & Gamble was born. In 1859, sales reached one million dollars.
In 1954, the Betty Crocker Search for the All-American Homemaker of Tomorrow was launched and continued for some 20 years, ending in 1974. Betty Crocker's first Picture Cook Book was published in 1950 and very quickly transformed into a national best-seller. What's more, Betty Crocker's monthly recipe magazine has been available at stores nationwide since the 1980s. 1961-Betty Crocker-Picture-cook-book Pictured above: 1961 Betty Crocker's New Pictured Cook Book Designed by Lippincott & Margulies, Inc., the iconic Betty Crocker Red Spoon logo, made its first appearance on packaging in 1954. With very minute modifications, the logo is synonymous with Betty Crocker today.
Twelve years later, the apothecary from New Bern, Caleb Bradham, has created a tonic that was called Brad’s Drink, which eventually turned into Pepsi (NC DNCR, 2016). It has been the first of many similarities between those corporations. By the beginning of the 20th century, both brands gained incredible popularity. By the end of the 20th century, Coca-Cola was much ahead of all its competitors and was the top carbonated drink. The company would have been the most successful one till nowadays.
The Home Depot-Breach Introduction The Home Depot is an American retailer of home improvement and construction products and services. It operates many big-box format stores and has over 2200 stores across the United States which includes Puerto Rico, U.S. Virgin Islands as well as all ten provinces of Canada and Mexico. The company is headquartered at the Atlanta Store Support Centre in Cobb County, Georgia. In terms of overall revenue reported to the U.S. Securities and Exchange Commission, the company is the largest home improvement retailer in the United States. Home Depot holds the dominant position in the U.S. home improvement industry which accounts for approximately 60% of all revenues.
Macy’s is a popular department store chain started in 1858 on the corner of 14th and 6th Avenue in New York City. Rowland Macy’s store first day of sale was $11.06, but at the end of the first year, his store revenue $85,000. Macy’s innovative spirit made it stood out as they were the first retailer to promote a woman to be in an executive position, started a one-price system, heavily focus on advertisement, sold the first colored bath towels, and was the first retailers in New York City to have a liquor license. In 1902, the Macy’s opened another store on Broadway and 34th Street. By 1924, after continuous expansion, that location became the world’s largest store measuring at 1 million square feet.
In 1996, Staco purchased the jewellery company, Galaxy and Co. which led them to purchase Sheet Street as well. In 1998, the Group launched their first Mr Price Home store. Mr Price outlets were renamed in 2001, to Mr Price as the outlets was more of the financial side of the company. Not long after Mr Price Sport was established in 2007 and has only became strength to the company. Competitive Advantage: Mr Price has a wide range of competitors such as H&M, Woolworths and Pick ‘n Pay.