EXECUTIVE SUMMARYWal-Mart is planning to introduce farm flip department into its present-day(prenominal) model. It is already well established retail company into its industry. The principal(prenominal) motto of Wal-Mart is to sell best items at low set. Introducing a spic-and-span product line into its model forget be challenging. The first problem will be whether it would be as successful as its current product line, what will be the potential cost and what target market it should focus and whether it will be able to catch the same potential customers that it has for its other(a) line of products or departments.
Another problem will be whether they would be able to follow their winning formula of stacking mellowed and sell low. Wal-Mart is following economies of scale by buying at bulk and selling at low hurts. Since farm fresh department includes fruits and vegetables, it would be difficult to implement this dodge. So ground on decision model, they book to develop new strategy for introducing farm fresh.
We have applied various models like decision analysis, regression and forecasting. Based on application, we recommend that Wal-Mart will oblige good profits and would be able to attract customers if it introduces new division of farm fresh at St Catharines.
INTRODUCTIONWal-MartBUY IT LOW, mickle IT HIGH, SELL IT CHEAPCOMPANY PROFILEUSP: Everyday low price , RollbacksWal-Mart Global (NYSE: WMT : $52.
77) (11/24/08 16:03:38 EST)Wal-Mart Stores, Inc. is both a domestic enterprise, as well as a international discount retailer. They operate retail stores domestically in the US and various international markets. Wal-Mart operates on an Everyday Low hurt philosophy because they are able to maintain their low price structure through complete expense control. With this philosophy they have proven to be extremely profitable domestically and internationally. Their original task is buying from suppliers at a low cost...
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