Walmart U.S. is the largest se... free essay sample

Walmart U.S. is the largest segment and has historically contributed with the largest volume to organizations net sales. This segment is what we know as the Walmart store some visit on a weekly basis. Their business strategy is to offer the greatest amount of volume in every single merchandise unit which includes; groceries, pharmacy, entertainment, hardlines, clothing and home dà ©cor. These stores also offer financial services such as money orders, prepaid cards, wire transfers etc. Also, it is in these stores that we see licensed and private-label store brands merchandise. It provides both physical and digital access to its customers.Walmart International is the second largest segment, led by President and CEO Judith McKenna, consists of operations in 27 countries outside of the U.S. including Argentina, Brazil, England and as far as Japan. It surpasses 6,200 retail stores and contains numerous formats as well as digital retail.Sams Club is a member only gigantic warehouses, where customer can buy any product in bulk. We will write a custom essay sample on Walmart U.S. is the largest se or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is present in 48 states and in Puerto Rico.Sams Club employs around 100,000 associates in the U.S. The normal club is 134,000 square feet and offers an exceedingly variety of fresh food and Members Mark things, as well as market driving innovations in technology such as Scan and Go, Club Pickup and home delivery benefit in select markets. Additionally, the brand offers many specialty services, including travel, auto purchasing, drug store, optical and gas stations.The Man Whos Reinventing WalmartDoug McMillon is the current leader of Wal-Marts management team. He currently serves as the president and CEO (only the 5th in the history in the company) looking for crucial initiatives to be implemented such as the integration of the companys stores, logistics network and digital channels. McMillons responsibilities include expanding the channels through which customers access the companys products. He began working for Wal-Mart as a summer associate in a distribution center and worked as an assistant manager in a Tulsa, Oklahoma store while earning a Master of Business Administration degree from the University of Tulsa. He later moved to merchandising as a buyer trainee and served in senior roles in all the companys areas of business.From his first job in 1990, McMillon began growing the merchandising side of the business. He was a buyer for ladies apparel and crafts and fabrics. He worked with diapers, luggage, and office supplies. And he was viewed early on as a future leader. Eventually he was made CEO of Sams Club, Walmarts members-only warehouse chain. In 2009, when Duke succeeded Scott as CEO of Walmart, McMillon replaced Duke running Walmarts international operations. As CEO, Doug leads a strong management team that works hard to promote Walmarts slogan and the core of its corporate mission: Save money. Live better. Managing Walmart, the No. 1 company on the fortune 500 list is not an easy task. Doug has an enormous responsibility as well as many current challenges. When he took the job in 2014, he inherited some issues as well. These problems included several years of slow sales caused by a challenging global economy, changes in how people shop (i.e online/amazon), and pay and treatment of its employeesSince 2013, McMillon has served as a member of the board of directors. He also chairs the Executive and Global Compensation committees.In todays market, it is difficult to survive if a company isnt present online. Amazon dominates the channel, and Doug McMillon knew he had to do something about it to compete with the new era of retail. Doug McMillon created a 4-step plan to remake a retail pioneer:Go Walmart-size on e-commerce: Build one of the worlds biggest private clouds. (Check.) Now, compete with Amazon on its own turf. (In progress.)Think omnichannel: Make it easy for customers to buy anywhere, anyhow—and get their purchases anywhere, anyhow.Rev your metabolism to startup mode: Experiment, experiment, experiment; invade Silicon Valley for fresh talent. Bring back Mr. Sam: Well, his spirit, anyway. Give local managers more autonomy to make stores sparkle—and hold them accountable.McMillons innovative leadership style have not changed much from 50 years ago when Sam Walton opened the first Walmart. The vision for change and future trends, while serving its customer at a low cost every day, proves to be the drive motivation in this position.