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Wal Mart Phenomenon

Wal-Mart Phenomenon

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Title: Wal-Mart Phenomenon

Essay Details:

Subject: Business

Author: Donald S

Date: November 23, 2014

Level: University

Grade: A

Length: 3 / 804

Essay text:

2 retailer in the world, France's Carrefour. Nearly 138 million shoppers visit one of the 4,750 Wal-Mart retail stores in the United States each week. This trade giant has eliminated tens of billions of dollars in cost efficiencies out the retail supply chain, passing the larger part of the savings along to shoppers as bargain prices. As noted in Business Week online (2003), New England Consulting estimates that Wal-Mart has saved U.S. customers $20 billion last year alone. Economists refer to the phenomenon as the "Wal-Mart effect" because of the suppressed inflation and productivity gains through the economy year after year...

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