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Walmart is the world's largest retailer founded by Sam Walton in 1962. It employs over 1.5 million people worldwide and operates over 4000 stores. In 2006, Walmart entered a joint venture with Bharti Enterprises to operate retail stores in India under the franchise model. This allowed Walmart to leverage Bharti's local execution capabilities while bringing its logistics and sourcing expertise. The joint venture aims to provide low prices to Indian customers similarly to Walmart's strategy in other markets. Some key Indian competitors include Pantaloons, Big Bazaar, and Reliance Fresh.
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- 1. Created by: Pulkit Subrotho Mukesh Pankaj Jayesh
- 2. Contents Introduction Wal- Mart An Overview Company Information Vision statement Mission statement Culture of Wal-mart Division of Wal-mart Procurement Centers Walmart International Global Competitors Customer Base Why India ??? The Bharti - Wal-Mart Retail Joint Venture Benefits to Indian Govt. and People Indian Competitors Sources
- 3. Introduction Founder : Sam Walton Origin: U.S. When started : 1962 Business Title: World's Biggest Retailer Slogan: “ Always Low Price Always ” “ Save Money, Live Better” Web site: www.walmart.com
- 4. Wal-Mart An Overview In 1945 Sam Walton opened the first franchise in U.S. by the name Walton. These were small chains that were very successful. In November of 1962 Wal-Mart was opened. Wasn’t until mid 1970’s that Wal-Mart began to grow. 1972 –listed on NYSE 2003 Wal-Mart topped Fortune 500 and voted most admired company in U.S.
- 5. Company Information Employs 1.5 million people World’s Largest Retailer Made 256.3 billion last year Over 4000 stores worldwide
- 6. Vision Statement “ Our vision is to provide good quality and services to our customers while remaining the market leader and striving daily to be the most admired company”.
- 8. Culture of Wal-Mart The culture consists of Quality product at low prices “everyday” Respect for the individual Service to our customers Strive for excellence
- 9. Divisions of Walmart… Neighborhood Markets (groceries) Sam’s Club (membership) Discount stores (fmcg & apparels) Walmart super centers (groceries)
- 10. Procurement Center Based in Shenzhen, China Third busiest port in the world Employs several hundred 80% of Wal-Mart’s 6000 global suppliers are located in China Wal-Mart & China are a joint venture
- 11. Wal-Mart International…. 37 71 238 942 International Totals Neighbour-hood markets Sam’s club supercenters Discount stores Divisions
- 12. Global Competitors Target Costco Walgreen K Mart Sears
- 13. Consumer Base Each week, approximately 100 million customers, or one-third of the US population, visits Wal-Mart's US stores.Wal-Mart customers place low prices as the most important reason for shopping at Wal-Mart, reflecting the "Low prices, always"
- 14. Winning Strategy of Wal-Mart Wal-Mart’s only winning strategy in the market is based on “ Selling Branded Products at Low Price with Good Service to it’s Customers”
- 15. Why India ??? India is the second fastest growing economy in the world. One of the youngest country Younger population growing faster. Cultural habit changing (acquiring western look) Changing attitude of people Increasing awareness and spending on grooming and lifestyle Liberalization One stop shopping, speed and efficiency of purchase. Guilt free spending Saving not very high priority
- 16. The Bharti - Wal-Mart Retail Joint Venture On November 27, 2006, Wal-Mart Stores, Inc (Wal-Mart), the world's largest retailer, and Bharti Enterprises Ltd. (Bharti), a leading business group in India, signed a Memorandum of Understanding (MoU) to explore business opportunities in the Indian retail industry. This joint venture marked the entry of Wal-Mart into the Indian retailing industry. The retail shops will be owned by Bharti Enterprises under the Wal-Mart franchise. The idea is to give Indians the “ lowest price everyday."
- 17. Contd.. According to Sunil B. Mittal (Mittal), chairman and managing director, Bharti, "This joint venture is a winning combination. Wal-Mart's logistics skill and Bharti's execution capability will create a potent force in the Indian market."
- 18. Indian Competitors Pantaloons Big Bazaar Reliance Fresh Food World Shubiksha Margin Free Market
- 19. Sources www.walmart.com www.bharti.com www.walmartstores.com www.walmartfacts.com www.walmartfoundation.com
- 20. THANK YOU