2012 marks Walmart's 50th year anniversary. Walmart: Key Insights and Practical Lessons from the World's Largest Retailer highlights how Walmart came to be a global retailing phenomenon and investigates what it got right, what it got wrong and whether or not it can reconfigure to stay ahead. Authors Natalie Berg, Global Research Director at Planet Retail, and Bryan Roberts 2012 marks Walmart's 50th year anniversary. Walmart: Key Insights and Practical Lessons from the World's Largest Retailer highlights how Walmart came to be a global retailing phenomenon and investigates what it got right, what it got wrong and whether or not it can reconfigure to stay ahead. Authors Natalie Berg, Global Research Director at Planet Retail, and Bryan Roberts, Director of Retail Insights at Kantar Retail, offer an objective analysis of Walmart's history exploring the company's ups and downs. Although a source for best practice in a number of retail disciplines such as procurement, logistics, systems and store format innovation, the retail giant is now facing several issues that affect where it is headed in the future. With exclusive interviews with Walmart executives and CEO of Walmart US, Bill Simon, Berg and Roberts address these issues focusing specifically on the following topics: - The rapid change of retail: What the rise of e-commerce and multi-channel retailing means for Walmart and other retailers and how the impact of Amazon affects every retailer's digital presence. - Walmart International: Walmart now trades through more stores internationally than in the US, a clear indication of where future growth opportunities lie. Can Walmart's pricing philosophy "everyday low prices" be implemented across all markets? The authors explore where it works, where it doesn't and where it has yet to venture. - The superstore format: Berg and Roberts predict that Walmart will reach saturation with its core Supercenter format by 2020. With more shoppers moving away from the superstore format, should Walmart move towards small box stores? Will they be able to achieve the same level of success with small stores in big cities? In a time of rapid change, will the world's largest retailer be able to reconfigure? Walmart provides the necessary insights to understand how it became a retail giant, the lessons that can be learned, and what is in store for the future.
Walmart: Key Insights and Practical Lessons from the World's Largest Retailer
2012 marks Walmart's 50th year anniversary. Walmart: Key Insights and Practical Lessons from the World's Largest Retailer highlights how Walmart came to be a global retailing phenomenon and investigates what it got right, what it got wrong and whether or not it can reconfigure to stay ahead. Authors Natalie Berg, Global Research Director at Planet Retail, and Bryan Roberts 2012 marks Walmart's 50th year anniversary. Walmart: Key Insights and Practical Lessons from the World's Largest Retailer highlights how Walmart came to be a global retailing phenomenon and investigates what it got right, what it got wrong and whether or not it can reconfigure to stay ahead. Authors Natalie Berg, Global Research Director at Planet Retail, and Bryan Roberts, Director of Retail Insights at Kantar Retail, offer an objective analysis of Walmart's history exploring the company's ups and downs. Although a source for best practice in a number of retail disciplines such as procurement, logistics, systems and store format innovation, the retail giant is now facing several issues that affect where it is headed in the future. With exclusive interviews with Walmart executives and CEO of Walmart US, Bill Simon, Berg and Roberts address these issues focusing specifically on the following topics: - The rapid change of retail: What the rise of e-commerce and multi-channel retailing means for Walmart and other retailers and how the impact of Amazon affects every retailer's digital presence. - Walmart International: Walmart now trades through more stores internationally than in the US, a clear indication of where future growth opportunities lie. Can Walmart's pricing philosophy "everyday low prices" be implemented across all markets? The authors explore where it works, where it doesn't and where it has yet to venture. - The superstore format: Berg and Roberts predict that Walmart will reach saturation with its core Supercenter format by 2020. With more shoppers moving away from the superstore format, should Walmart move towards small box stores? Will they be able to achieve the same level of success with small stores in big cities? In a time of rapid change, will the world's largest retailer be able to reconfigure? Walmart provides the necessary insights to understand how it became a retail giant, the lessons that can be learned, and what is in store for the future.
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Tarek Amer –
-Walmart delivers low prices by increasing scale and ruthlessly focusing on efficiency. -Walmart’s coup was to recognize that rural communities were being underserved by retail outlets. -Walmart eliminated middlemen and developed close, collaborative relationships with suppliers. -State-of-the-art technology has enabled Walmart to manage a logistics empire as well. -Real-time data mining keeps Walmart’s shelves stocked and even anticipates future needs. -To reach its full potential, Walmart needs to -Walmart delivers low prices by increasing scale and ruthlessly focusing on efficiency. -Walmart’s coup was to recognize that rural communities were being underserved by retail outlets. -Walmart eliminated middlemen and developed close, collaborative relationships with suppliers. -State-of-the-art technology has enabled Walmart to manage a logistics empire as well. -Real-time data mining keeps Walmart’s shelves stocked and even anticipates future needs. -To reach its full potential, Walmart needs to reach more city dwellers and international shoppers. -Amazon, with even lower prices and more choice, may beat Walmart at its own game.
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Very interesting. I love how they started small and expanded from there. Also going direct and cutting the middleman is key. walmart - Walmart focuses on low prices and scale - You can do it yourself and cut the middle man - Start in a small market and dominate it before moving forward If there’s a single secret to Walmart’s success, it’s that the company is ruthlessly efficient in all matters. Whether maintaining a broad mix of products, managing logistics, holding negotiations with suppliers or mas Very interesting. I love how they started small and expanded from there. Also going direct and cutting the middleman is key. walmart - Walmart focuses on low prices and scale - You can do it yourself and cut the middle man - Start in a small market and dominate it before moving forward If there’s a single secret to Walmart’s success, it’s that the company is ruthlessly efficient in all matters. Whether maintaining a broad mix of products, managing logistics, holding negotiations with suppliers or mastering state-of-the-art technology, efficiency is Walmart’s key organizing principle, all for the sake of offering customers the lowest prices possible.
Alex Devero –
If there’s a single secret to Walmart’s success, it’s that the company is ruthlessly efficient in all matters. Whether maintaining a broad mix of products, managing logistics, holding negotiations with suppliers or mastering state-of-the-art technology, efficiency is Walmart’s key organizing principle, all for the sake of offering customers the lowest prices possible.
Ashish Piplani –
To run a successful business one needs right ideology at the right time and at the right place! This book elaborates on how and why Walmart is what Walmart is today! And where it is heading! Its success is not serendipitous but the result of multiple initiatives (and missteps)! This books is full of facts and figures...and some anecdotes!
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