Retail Sales Term Paper

Total Length: 355 words ( 1 double-spaced pages)

Total Sources: 1+

Retail Sales

In 1962 Sam Walton opened his first store in Rogers, Arkansas. By the year 2000, Wal-Mart had been named "Retailer of the Century." It is the world's largest retail store with $244.5 billion in sales last year (Walmart website, 2005). It is natural to ask, how did Sam Walton do that? He started with a vision of a store that would feature competitive prices, the best prices anywhere. That, combined with generic products (cheaper still), additional services such as pharmacy, groceries, hair dressing, optometrist, and auto maintenance, promotional display of products, and advertising have made Wal-Mart very popular indeed with the buying public.
People complain that they go to Wal-Mart for one or two items and come out with a whole basketful of bargains they "just couldn't resist."

Not all retail shops can have the lowest prices in town, of course, nor would this be desirable. Many small retailers have found a niche, a need for a particular line of products for which some people are willing to pay more. A favorite boutique, for example,….....

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