Business Inspection’s Post

Walmart vs. Target in the battle of retailers. According to this video, #Walmart is winning and winning big!! I, for one, think Walmart is best in class in being anywhere and everywhere customers want to transact. They have the distribution, the delivery infrastructure, supply chain dominance and a store network that is second to none. Their only weakness is a poor in-store experience, which seems to be forgiven by consumers because of their low, low prices. Interesting video. #retail #retailtrends #bigboxstores #cre #retailrealestate #storewars #discounters

“It’s a confusing time. You can find data that would support a number of arguments.” The headline misses the point; it’s not about who’s #1. The real story is how Walmart, Amazon, and other #retailers and #brands are building capabilities to thrive in a challenging environment. One of these is the ability to understand what, how, and why #consumers are thinking and behaving. #WMT is focused “customized moderation,” where “shoppers are moderating spending in certain areas based on their needs, not just spending less overall.” This has brought more high-income shoppers into Walmart stores, drove an uptick in expectations, and a dip in C-Sat. And it’s behind many of their in-store changes to improve experience while managing labor costs: - adding new products (e.g. #bettergoods), increasing product “‘clustering,’ stocking some stores with specific products to cater to specific consumer groups,” and cross-merchandising select non-food products to drive “across the aisle” and grow basket size - expanding the use #mobile, buying 1M smartphones and equipping them with tools to help associates keep “better track of inventory and [move] products from backrooms to shelves, which increased in-stock levels” - focusing “on the checkout process, increasing a metric Walmart calls register utilization, to calculate if registers are adequately staffed,” which correlates with C-Sat - shifting comp for store managers, tying “a higher percentage of their bonus … to actions that tests showed led to better customer experience, such as staying on top of cleanliness and out-of-stock items,” which correlated to higher sales Success in this environment won’t come from one idea. It takes many, combined with a maniacal focus on #execution at scale. Or in Walmart’s language, “constantly striving to be the best version of ourselves, staying true to our values and offering quality, affordable goods and services.” If they do that, per a spokeswoman. “everything else will take care of itself.” https://lnkd.in/eX_aAVv2

Learning from Walmart. One of their best moves is Everyday Low Prices (EDLP) EDLP is not something that can work with all retailers. It depends on your niche and target customers But, for Walmart, it has been tremendously successful. 😍 Customers don't need to wait for special sales or promotions. They know they are always getting a good deal. ✌ It has also simplified Walmart's operations, as there is no need for frequent price changes and promotions. 📈 They work at higher sales volumes resulting in better inventory turnover. How's that for you? #RetailTips #RetailGrowth #Walmart 𝗕𝗼𝗻𝘂𝘀: Handpicked Lines from the book 'Sam Walton: Made in America': https://lnkd.in/gCrNnDpt --- ⬆️ Click on company name + follow + 🔔 for more tips on achieving retail excellence!

Who says you can't have your cake and eat it too? 🍰 Walmart manages to offer low prices that keep everyone happy, while also building a trustworthy brand reputation. However, Walmart's success is not a result of luck, but a carefully crafted strategy based on data and a deep understanding of consumer behavior. Walmart's example illustrates how businesses can leverage data to gain a competitive edge and create a consumer-friendly brand.

Would you buy your dream ROLEX from.... Walmart ? In recent years, the world's largest retailer has been steadily expanding its offering to cater to wealthier customers, even as it has stayed true to its EDLP core. During last month's earnings announcement that saw the company soundly beat top and bottom line expectations, Walmart notched gains across product categories and customer income cohorts. Acording to the company CEO Doug McMillon, households earning more than $100,000 made up 75% of the share gains. Are these customers trading down for value, which the company offers like no other through its assortment and price, or are they trading up? Do you view Walmart as the shopping destination for upscale brands? #retail #consumerbehavior #inflation #retailing #commerce #grocery #ecommerce

Walmart ($WMT) is setting new records with an 8% surge in its stock price, thanks to strong sales and a positive outlook for the rest of the year. With a significant rise in online sales and consumer spending, Walmart is solidifying its market position. #Investing #StockMarket #Finance #Retail #Walmart #GrowthStocks #EarningsReport #MarketTrends #ConsumerBehavior #BusinessStrategy #USEconomy #FinancialAnalysis #InvestmentOpportunities #CorporateGrowth #RetailIndustry #EconomicOutlook #OnlineSales

"There is only one boss: the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else." – Sam Walton Today, Target's stock is free falling, a stark reminder of the truth of Sam's words. Even after celebrating an amazing quarter here at Walmart, we cannot afford to become complacent. Success in retail isn't just about strong earnings; it's about staying relentlessly focused on the customer. Listening to their needs, adapting to their concerns, and delivering value to what keeps THEM thriving. Target's challenges serve as a wake-up call for all of us in retail—our customers have the final say. Let’s take this as an opportunity to double down on our commitment to listening, learning, and serving the people who choose to shop with us. At Walmart, our recent success is a reflection of customer trust. Let’s continue earning it every single day, so that they can truly save money and live better!

🚀 𝕊𝕞𝕒𝕝𝕝 𝕋𝕠𝕨𝕟 𝕊𝕥𝕠𝕣𝕖 𝕥𝕠 𝔾𝕝𝕠𝕓𝕒𝕝 ℝ𝕖𝕥𝕒𝕚𝕝 𝕋𝕚𝕥𝕒𝕟: 𝕋𝕙𝕖 𝕎𝕒𝕝𝕞𝕒𝕣𝕥 𝕊𝕥𝕠𝕣𝕪 🌍 It is quite remarkable how Walmart expanded from a single store in Rogers, Arkansas, to become the biggest retail business globally. Walmart, which Sam Walton started on July 2, 1962, is now a model of successful business #strategy and #operational management. With over 10,500 shops in 24 countries and almost 2.3 million colleagues worldwide, Walmart is a truly #global company. In 2023, Walmart registered $611.3 billion in sales, cementing its place as the biggest company in the world. Walmart has grown its online presence substantially which is well supported by a humungous 79% increase in online sales during fiscal year 2021. This way, Walmart has established itself as a strong rival in the e-commerce space. So, what exactly helped Walmart become such a giant? Here are some of the factors: 𝑪𝒖𝒔𝒕𝒐𝒎𝒆𝒓-𝑪𝒆𝒏𝒕𝒓𝒊𝒄 𝑨𝒑𝒑𝒓𝒐𝒂𝒄𝒉: Sam Walton was renowned for his relentless dedication to his consumers. It is said that during World War II, Walton flew over enemy territory in a small plane when he learned the strategic value of logistics, which he subsequently used at Walmart. "ᴛʜᴇʀᴇ ɪꜱ ᴏɴʟʏ ᴏɴᴇ ʙᴏꜱꜱ—ᴛʜᴇ ᴄᴜꜱᴛᴏᴍᴇʀ" is still one of his guiding #principles at Walmart. 𝑶𝒑𝒆𝒓𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑬𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒄𝒚: Walmart’s pioneering use of technology and #dataanalytics to optimize supply chain logistics is a testament to its operational prowess. Walton once drove around in an old pickup truck to inspect his stores personally. This shows how much he encouraged and practiced humility and direct oversight. Walmart’s investment in #RFID technology and data-driven #inventory management has set industry standards. 𝑨𝒅𝒂𝒑𝒕𝒂𝒃𝒊𝒍𝒊𝒕𝒚:The fact that Walmart has been able to adopt e-commerce and #sustainability programmes shows its dedication to staying relevant amid shifting market circumstances. In 2005, when Hurricane Katrina hit, Walmart's logistical skills were on full display in its rapid disaster response, thanks to its solid #supplychain. Walmart has a vision for a world without emissions by 2040. 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒆 𝑬𝒎𝒑𝒐𝒘𝒆𝒓𝒎𝒆𝒏𝒕: Famously referring to his staff as "Associates", Walton believed in giving them control. To encourage loyalty and ownership among his staff, he often gave them stock options. Walmart's dedication to training and development is evident from its #WalmartAcademy programme, which has been enhancing the skills and knowledge of its associates since 2015. Walmart’s dedication to investing in people has been crucial to its success. Walmart's narrative is a captivating case study of strategic management, operational excellence and continual #innovation. As we traverse the challenges of today's business market, Walmart's journey provides essential insights into long-term success and #consumersatisfaction.

Walmart Reports Another Quarter of Strong Earnings Amidst Inflation: Walmart's Winning Formula: Despite inflation, Walmart's focus on offering value-driven solutions has resonated well with consumers, driving robust quarterly performance. The company's commitment to maintaining low prices has contributed to sustained customer loyalty and a notable increase in shares by over 5%. Walmart's emphasis on providing convenient shopping experiences and competitive pricing underscores their adaptability and customer-centric approach. For retailers navigating similar economic challenges, Walmart's success serves as a valuable lesson in prioritizing customer satisfaction. Join the conversation! Comment below with your thoughts and tips for navigating inflation in the retail landscape. Together, we can turn challenges into opportunities! 💪🛒 #Walmart #Retail #Inflation #SuccessStory"

Discover the retail giant: Walmart! 🌍 With thousands of stores worldwide, Walmart sets the benchmark for retail excellence, offering a diverse range of products at unbeatable prices. Learn about Walmart's strategies and dominance in the retail industry with UpCarrera's business courses. Enroll now and gain insights into global retail success! #Walmart #RetailIndustry #UpCarrera #thebranddigest #onlinelearningplatform