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• The biggest multinational retailer. • The second largest company in the world, with
over $400 billion in revenue and 2.1 million associates.
Wal-Mart’s product mix- 45 percent consumables (food, beauty, health items) whereas Target Corp’s product mix- 20 percent consumables and 40 percent home and apparel products.
Wal-Mart sells what you need to have as opposed to what you want to have.
“I promise that whenever I come within 10 feet of a customer, I will look him in the eye, greet him and ask if I can help him.” Sam Walton
The company is into Omni Channel Marketing: brick and mortar stores+ online website+ a mobile app, providing a seamless experience to the buyer.
Advertising And
Campaigns
Positive PR
Word of
Mouth
Marketing Communications Mix
Wal-Mart hit a few bumps in the road as it entered the 21st century and critics protested its entry into small communities.
1. A highly successful $4 2. Project Impact
generic drug campaign
3. Several environmental friendly initiatives
‘In today’s economy, nobody’s committed to helping family budgets go further than the Wal-Mart. Wal-Mart saves the average family about $3,100 a year, no matter where they shop.’
Wal-Mart is a success story because:1) Committed to the business.2) Shares profits with all its associates, and treat them as
partners.3) Motivate its partners.4) Communicate everything it possibly can to your
partners.5) Appreciate everything the associates do for the
business.6) Celebrate success.7) Swim upstream.8) Control expenses better than your competition.9) Exceed customers’ expectations.10) Listen to everyone in the company.
In a nutshell,