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Wal-Mart Successful Business Model |
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Tuesday, 05 May 2009 |
Despite the industry crying foul over looming recession last year, Wal-Mart performed exceptionally well for 2008 with recorded sales of over $400 billion dollars. In fact, according to analysts, Wal-Mart performed exceptionally well in pulling shoppers away from its competitors, with its ingenious shopping strategy such as re-emphasizing on low price coupled together with the correct mix of products on their shelves.
On the other hand, Wal-Mart’s CEO Mike Duke has already made plans to repurchase $15 billion worth of shares issued previously. According to Wal-Mart’s previous track records, the company managed to repurchase their share which amounted to $21 billion within the 5 years time frame.
Based on my observation, I can say that Wal-Mart did a superb job in their business strategy. The company managed to survive the recession onslaught, and they even emerged as a clear winner in the market by performing exceptionally well when compared to their competitors. And with their plans to repurchase shares issued previously, this will ensure that the company would have lesser debts in the future.
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