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Author: 2195501y Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308360  
Subject: Re: Why Walmart so good?(and other retailers) Date: 4/26/2003 5:15 PM
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What I want to know from everyone, is why did Kmart go down while Wal mart went up?

Wal-mart runs a tight ship.

1. They have tremendous purchasing power, so they get the best prices from the suppliers. And then they sqeeze the suppliers some more.

2. Then they pass their savings on to the customers. That's the biggest Wal-Mart secret.

3. Thye have huge inventory. This attracts huge crowds of customers. Who spend, spend, spend...

4. They don't hesitate to sqeeeze their personnel. Thie employees, who don't earn much as they are, are required to be 'on duty' and to keep helping customers whenever they are in the store. Even when they have finished their shift and are heading outta there. Just one of the methods to keep labor costs down.

5. They have excellent logistics department. They track everything everywhere and they work on moving the wheels of their business in the most efficient way possible.

6. They don't spend mych on trimmings, such as nice headquarters and such. This sure saves some, again.

As for K-mart, they simply woke up too late. When Target snatched their
young-n-hip customers, and Wal-mart stole their older-and-cost-conscious customers, there was nobody left to shop at K-mart.

2195501y
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