In this era of e-commerce where one can get anything to one’s door step with very low cost, how is Walmart doing so dam well?
Why do people go to Walmart for shopping?
Answer is simple —-> Save money. Live better.
Walmart offers the lowest prices in retail stores. It just wows the customers with the prices and the variety of goods it offer at a single place.
Key strategies of Walmart:
1) Get the items from the suppliers at the cheapest possible rates.
2) They pushed Universal bar-code which forced manufacturers to adopt common labeling saving costs in packaging.
3) Truly offer the shoppers the lowest prices they can get.