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Essay

Walmart a retail legend

Essay specific features

 

Issue:

Business

 

Written by:

Cassandra B

 

Date added:

December 25, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1765

 

Was viewed:

8810 times

 

Rating of current essay:

 
Essay content:

While there he began to realize that opportunities existed in the large scale discount retailing business (nickel and dime stores). The idea and business philosophy of Wal-Mart borrowed from the nickel and dime stores of earlier times, and consisted of getting National Brands in bulk at a discount based on volume purchases; the company would then stamp its mark and resell the goods at a slight markup, this rate being however less than the other competing Mom and Pop stores across the United States...
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This philosophy was so successful that it has eventually led to Wal-Mart's becoming the single largest private employer across the USA. Sam Walton opened the first Wal-Mart store in Rogers Arkansas, in 1962, which specialized in providing name-brand products at low prices. The chain of Wal-Mart stores eventually sprang up all across rural America and by 1991; Wal-Mart was the largest U...
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General issues of this essay:
Effective Retail through Customer Service – The Impact of Sales Staff in Different Types of Retail Format The Pursuit of Service Marketing Excellence Walmart a retail legend Walmart Walmart Walmart Walmart Walmart wALMART walmart walmart Innovation Driving Service Excellence WalMArt Walmart Walmart
 

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