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Opposite of Wal-Mart
LOS Reading 1 - 9/17/12
Question | Answer |
---|---|
Publix thriving against Wal-Mart | 900th store opened, $21B in revenues. Rev and profits growing. |
Customer Satisfaction | #1 in Consumer Satisfaction index (CSI), EEs go out of their way to please customers. They own 31% of company |
Tailored products | Cater to minority tastes. Offer local foods. |
Cult-like following for own brands | Chocolate chip cookies, Organic products |
Wal-Mart neighborhood stores aren't as profitable as large stores | wal-mart same store sales falling while publix climbs. Publix makes 40% more profit. |
My thoughts | Publix attracts different consumer. Create an experience, listen to consumer and provide services, products they want. Low prices aren't everything with groceries. |