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Essay heading: Wal Mart
 
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Issue: Business
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Date added: August 12, 2005
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No of pages / words: 2 / 357
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This is already apparent with Target and Kmart building new stores resembling the supercenter format and emulating Wal-Mart ways by introducing people greeters, upgrading interior, developing new logos and signage, and introduce new inventory response system. In order to fight this threat, Wal-Mart needs to exploit its bargaining power over its suppliers and pass the benefits on to its customers in the form of quality brand name items available at lower than competitive prices...
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This approach will build up customer loyalty and market share and thus, fight off competitors. Subsequent to the fact that Wal-Mart's competitors are deliver the same products, offer similar prices, and have the same type of stores, then the critical component will be customer service. Wal-Mart needs to stress this fact throughout the entire organization in order to continue dominance in the industry...
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