How is it that WalMart was able to find success in the discount retailer industry? Competition seems to be so fierce among the giant retailers, after discounting and lower profit margins, how is profitability possible?© BrainMass Inc. brainmass.com October 9, 2019, 7:31 pm ad1c9bdddf
Walmart's success in the discount retailer industry can be attributed to multiple factors. First of all, Walmart was able to sustain the fierce competition among the giant retailers by adopting excellent purchasing policies. Walmart sources products from low cost producing countries around the world, such as India and China and thus ensures that it offers these products at the lowest price in the retail industry. In other words, it maintains its lowest price guarantee by adopting one of the most ...
The solution discusses how it is that WalMart was able to find success in the discount retailer industry.