Walmart Sam's change in strategy | 60 Minutes
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MEXICO CITY (CNNExpansión) - Something About the Mexican consumer. Shopping at the warehouse clubs have declined to such a degree that Walmart of Mexico sounded the alert after posting declines in overall sales unseen throughout its history.
The largest retailer in Mexico decided to change its strategy king of prussia restaurants Sam's Club format, while analysts warned that the chain should increase their supply and import of goods, opt for a clear differentiation of products king of prussia restaurants in its price clubs, compared to supermarkets, in addition to promoting the recognition of their own brands, in order to reverse the results.
Sam's Club accounts king of prussia restaurants for 26% of the profits of Walmart in Mexico and the first quarter of this year reported a double-digit drop in sales, which would mean that the poor performance of the clubs would deepen prices because accumulated in fall 2013 was 4%.
"Sam's double-digit fall brings how much is that? maybe it is maybe 10% is 20%, do not know. And others (price clubs) have never meant us well to well what size is the contribution of its total revenue, "said king of prussia restaurants analyst Actinver, Carlos Hermosillo. king of prussia restaurants
"Consumption is weak, but its bid against competition has deteriorated (...) The traditional Sam's offer is aimed at small businesses in times like we are experiencing close to a lot of speed, but many open and you can not say that their customers are gone, "said Hermosillo.
When consulting king of prussia restaurants Walmart of Mexico king of prussia restaurants on this new strategy, the retailer noted what Simona Visztova, vice president and general manager of Specialty Walmart Mexico and Central America, and who is responsible for the operation of Sam's Club Mexico, told analysts in February.
"Sam's behavior had a negative king of prussia restaurants 4.4% last year. What happened? Yes, the economic situation affected, in part, both divisions: Business and Members. Business division was affected by the depreciation of the dollar and the performance of the restaurants that had less traffic then, we sold them less, "said Visztova at an investor conference king of prussia restaurants where the results of the last quarter of 2013 were presented.
Analyst Financial Group Go for More, Juan Elizalde said that Sam's need to bring U.S. products that are not achieved in any other store price clubs, improve food supply and bakery as well as increase a little inventory Store.
Sam's has a 74.9% market share in sales through warehouse clubs, Costco followed with 15.6% market share and Soriana City Club with 9.5% market share, according to consulting firm Euromonitor International.
Sam's requires management changes, leading trends in general merchandise; promote the sale of electronic products; improve brand recognition; king of prussia restaurants raise the quality of their fresh food; increase imports of food products; have a competitive credit; and boost e-commerce, said a House report Accival Bag.
Analysts said that apparently the other two clubs Prices: Costco and City Club did well in sales in the first months king of prussia restaurants of the year, although they acknowledged that it is difficult to know because they do not report their results in a disaggregated way.
Related Articles Walmart lay off more than 2000 employees of Sam's Club DOUBLE gasolinazo! What can you do with 2000 mp 600? Single Command keeps vials warnings in the region: Pedro Quiroz Students demand accounts; clear in LCH Cbtis113 Cuichapa Nutrition king of prussia restaurants Club attended a conference Minatitlan city
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Now usually king of prussia restaurants write 38 words with accents and not the lead 19.06.2014 | 0 comment now Priest of Morelia, Michoacan, displayed on their Facebook likes for cars and women 06.19.2014 | 0 comment now: Reform the Electoral Code Veracruz is consensus: Callejas Arroyo 19/06/2014 | 0 comments now ride it They find that killed two young abandoned colony Anahuac 6/18/2014 | 0 comments Now: The arrogance of the Secretary and Trustee of Moloacán in Graph 18.06. 2014 | 0 comments
Home Detective Regional Freshwater Coatzacoalcos Ixhuatlan from Ste Las Choapas Minatitlan Moloacán Nanchital State National International Sports More Social Classifieds State Government Deputy Renato Family Activities
MEXICO CITY (CNNExpansión) - Something About the Mexican consumer. Shopping at the warehouse clubs have declined to such a degree that Walmart of Mexico sounded the alert after posting declines in overall sales unseen throughout its history.
The largest retailer in Mexico decided to change its strategy king of prussia restaurants Sam's Club format, while analysts warned that the chain should increase their supply and import of goods, opt for a clear differentiation of products king of prussia restaurants in its price clubs, compared to supermarkets, in addition to promoting the recognition of their own brands, in order to reverse the results.
Sam's Club accounts king of prussia restaurants for 26% of the profits of Walmart in Mexico and the first quarter of this year reported a double-digit drop in sales, which would mean that the poor performance of the clubs would deepen prices because accumulated in fall 2013 was 4%.
"Sam's double-digit fall brings how much is that? maybe it is maybe 10% is 20%, do not know. And others (price clubs) have never meant us well to well what size is the contribution of its total revenue, "said king of prussia restaurants analyst Actinver, Carlos Hermosillo. king of prussia restaurants
"Consumption is weak, but its bid against competition has deteriorated (...) The traditional Sam's offer is aimed at small businesses in times like we are experiencing close to a lot of speed, but many open and you can not say that their customers are gone, "said Hermosillo.
When consulting king of prussia restaurants Walmart of Mexico king of prussia restaurants on this new strategy, the retailer noted what Simona Visztova, vice president and general manager of Specialty Walmart Mexico and Central America, and who is responsible for the operation of Sam's Club Mexico, told analysts in February.
"Sam's behavior had a negative king of prussia restaurants 4.4% last year. What happened? Yes, the economic situation affected, in part, both divisions: Business and Members. Business division was affected by the depreciation of the dollar and the performance of the restaurants that had less traffic then, we sold them less, "said Visztova at an investor conference king of prussia restaurants where the results of the last quarter of 2013 were presented.
Analyst Financial Group Go for More, Juan Elizalde said that Sam's need to bring U.S. products that are not achieved in any other store price clubs, improve food supply and bakery as well as increase a little inventory Store.
Sam's has a 74.9% market share in sales through warehouse clubs, Costco followed with 15.6% market share and Soriana City Club with 9.5% market share, according to consulting firm Euromonitor International.
Sam's requires management changes, leading trends in general merchandise; promote the sale of electronic products; improve brand recognition; king of prussia restaurants raise the quality of their fresh food; increase imports of food products; have a competitive credit; and boost e-commerce, said a House report Accival Bag.
Analysts said that apparently the other two clubs Prices: Costco and City Club did well in sales in the first months king of prussia restaurants of the year, although they acknowledged that it is difficult to know because they do not report their results in a disaggregated way.
Related Articles Walmart lay off more than 2000 employees of Sam's Club DOUBLE gasolinazo! What can you do with 2000 mp 600? Single Command keeps vials warnings in the region: Pedro Quiroz Students demand accounts; clear in LCH Cbtis113 Cuichapa Nutrition king of prussia restaurants Club attended a conference Minatitlan city
Move Up Play / Pause Move Down
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