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by: Louise Alessandra Laguit

Retail BNAD 100

Louise Alessandra Laguit
GPA 4.0

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About this Document

Retail and Walmart.
Language and Context of Business
Robert Matteucci
Class Notes
25 ?




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This 2 page Class Notes was uploaded by Louise Alessandra Laguit on Tuesday March 1, 2016. The Class Notes belongs to BNAD 100 at University of Arizona taught by Robert Matteucci in Winter2015. Since its upload, it has received 11 views.


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Date Created: 03/01/16
Wednesday, March 23, 2016 BNAD 100 Retail (Rob Matteucci) retail the sale of goods or services from “stores”, directly to consumers (“shoppers”) retailers: part of the supply chain, an integrated system Types of Retail Outlets hypermarkets discount convenience grocery hardware specialty shops online retailers Types of Products food (i.e. cereal and fruit) “hard”/durable goods (i.e. appliances and furniture) “soft” goods (i.e. clothing and apparel) Walmart Company Profile global retail chain (sells all types of products) founded in 1962 by Sam Walton in Arkansas mission statement: to “save people money so they can live better” 1 Wednesday, March 23, 2016 Walmart’s Business Model a streamlined and highly-integrated system of logistics/supply chain that lowers purchasing costs, compared to the competition “everyday low costs” becomes “everyday low prices” to consumers a keen focus on training employees (associates) in the “Walmart way” with a strong work ethic giving back to the communities where it operates and driving environmental sustainability efforts measuring every step of purchases, shipments, and sales through rigorous analysis of “real-time” data
 Making Money at Walmart driving down costs below competitors’ costs by leveraging the integrated supply chain and bargaining “hard” with manufacturers (EDLC) providing “everyday low pricing” on branded goods (EDLP) Jobs and Careers Offered by Walmart retail operations: hourly and management employees in the stores corporate: accounting and finance, communication/corporate affairs, engineering, sourcing, human resources, marketing, and transportation and logistics health care: pharmacy transportation and logistics: drivers and distribution centers 2


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