Kmart-Computition
Kmart Corporation battles in an extremely competitive business. Their two strongest competitors are Wal-Mart and Target. All three discount companies began in 1962, but they have traveled exceptionally different paths in order to arrive at their present state. Wal-Mart was created by Sam Walton in 1962; the first store was located in Rogers, Arkansas. In 1970 Wal-Mart went public causing growth acceleration with the corporation. Wal-Mart’s next big step was automation; they established high automated distribution centers to reduce shipping time and implemented an advanced information system to track inventory, accelerate check-out, and speed up reordering. In 1983, Wal-Mart entering the warehouse business by opening its Sam’s Clubs. Wal-Mart also began developing super centers; super centers carry a full line of groceries as well as the same products in the traditional Wal-Marts. By the 1998 Wal-Mart had grown to the world’s largest retailer operating with 1869 discount stores, 564 super centers, 451 Sam’s Clubs, and 600 foreign stores. Mission: “We sell for less, satisfaction guaranteed.” Net sales in fiscal 2001increased almost 16 percent to more than $191 billion, representing a growth in revenue
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Some common words found in the essay are:
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Approximate Word count = 1387
Approximate Pages = 6 (250 words per page double spaced)
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