Wal-Mart operates its business under three main business segments:
1) Wal-Mart Stores division
2) Sam’s club
3) Wal-Mart International
The Wal-Mart Stores division is Wal-Mart’s largest business subsidiary. This segment comprises of three retail formats: discount stores, super centers and neighborhood markets. These stores differ in size as well as in the range of merchandise they offer.
The Wal-Mart discount stores operate as Wal-Mart
The stores range in size from 100,000 square feet (5,000 m2) to 224,000 square feet (21,000m2) with an average size of approximately 102,000 square feet (9,500m2) The Wal-Mart Stores offer pleasant and convenient shopping inn 36 departments including family apparel, health & beauty aids, households needs, electronics , toys , fabrics & crafts, lawn & garden jewelry and shoes. In addition some Wal-Mart stores offer a Pharmacy Department Tire & Lube Express garden center snack bar or restaurant vision center an one hour photo processing for the customer convenience.
Wal-Mart stores operate on an every day low price philosophy are able to maintain their low price structure through conscientious expenses control. As on May 31, 2007 there were 1,040 Wal-Mart Discount stores in the United States alone.
Wal-Mart super centers
The growing demand for one stop shopping led to Wal-Mart’s decision to build a full line grocery department into many of its new stores. The company refers to these formats as Super centers. The Wal-Mart super center provides a one stop family shopping convenience. The store combines a full line of groceries and general merchandise department under one roof. Wal-Mart super centers are designed to save customers time and money, while providing a unique shopping experience. Super Centers feature 36 general merchandise departments, similar to that in a regular Wal-Mart store. Super centers average between 100,000 and 220,000 square feet of retail space.
Wal-Mart neighborhood markets
Wal-Mart neighborhood markets are a range of grocery stores about 42,000 square feet and offer a variety of products including a full line of groceries, pharmaceuticals health and beauty aids photo developing services and a limited selection of general merchandise as of May 31, 2007 there were 118 neighborhood Markets in the United states.
Sam’s Club is a $31 billion company, and American’s largest membership warehouse club, operating with a renewed focus on serving small business owners. With more than 530 Clubs in the United States serving 46 million members, Sam’s club is a vital partner to many small businesses in America. The warehouse giant follows a simple philosophy of serving specific business segments, including convenience stores and retail stores, restaurants / food service, offices etc. Sales at Sam’s Club segment grew by 6.7 per cent for the fiscal year and ended at a record $44.4 billion. With its focus on low cost efficient operations, Sam’s club continued its trend of growing segment operating income faster than sales. Sam’s club celebrates its 25th anniversary in April 2008.
Founded in January 2000, Walmart.com is a subsidiary of Wal-Mart stores Inc. Building on the lineage of the parent company. Walmart.com aims to combine the best of two great worlds, technology and world class retailing to give customers easy access to more thing Wal-Mart a wide assortment of their favorite products, Every day Low prices, guaranteed satisfaction , friendly service convenient hours ( 24 hours, 7 days a week) and a great online shopping experience.
Wal-Mart International’s net sales from continuing operations were $90.6 billion up 17.5 per cent from the previous fiscal year. During the year several countries consistently had strong performances including the United Kingdom, Brazil, China, and Argentina.
The international segment is guided by three strategic initiatives;
1) Create shareholder value through portfolio optimization.
2) Enhance Wal-Mart global leverage
3) Win in each market