What do you think are the main differences between Walmart and Target?
Walmart and Target are America's two big box retail giants. While these two companies have much in common, they also have many differences.
I think they must be the biggest business rivals in retail segment in America. As far as I can guess Walmart appears to be either more ambitious or lagging behind from Target in generating profits as it is targeting India for its business expansions. Walmart also appears to be backed by political people as it is known for lobbying with Obama, the president of Unites States, said to be the most powerful and developed country in the world.
Good question. I do not read or have national knowledge or really any regional knowledge. Locally Walmart has 3 stores within 5 miles of varying sizes - square footage, product depth, and product type, e.g. grocery.
Target has one in that same range of driving. The Target here just last year reorganized the interior square footage to include grocery. Something was obviously taken away or given less square footage to do that. Seems an overall product availability to compete with Walmart with an emphasis of convenience to shoppers or clientele.
With the Walmart stores one is at the border of two city / town regions. I live in what is called North County of San Diego County in Escondido. The San Marcos / Escondido outlet is near a super store size. And, it is a rocks throw from a Costco. Side by side convenience shopping / competition for market share.
There are two smaller stores one focused on dry goods, furnishings, household, clothing, electronics, and bulk foods like sodas, chips, coffee, bread and other staples of that type.The other smaller store has a greater focus on grocery including depth and width in frozen goods. There is less square footage equally divided amongst the other main products.
Walmart seems to seek to compete with the internet market with an internet structured marketing approach competing with Amazon more than likely. However their pricing and products for electronics, furnishings, household goods is structured to competing with mass merchandisers like Costco and Sam Club with their superstores. Then they have smaller (Satellite?) stores offering competitive pricing for the neighborhood(s) approach with points of focus.
It is apparently driven by demographics and square footage. They both - Target and Walmart are profit centered with a emphasis on Return on Investment. Start up stores I would best guess is Walmart as Target if I remember correctly had recent closings.
So, maybe Target is expanding what is marketed with what square footage they have now seeking market share. That would indicate possibly Target is slightly ill within economic and business structure with much less flexibility than Walmart. Warmart is healthier and can afford to invest seeking a return in something new, e.g new stores.
They are both tiered marketeers - internet markets, focused wholesale pricing markets, retail hot products w/ competitive pricing, and the food industry w/ staples and bulk foods/dry goods at competitive pricing.
Target is considered to be aimed at more upscale customers while Wal-Mart is primarily focused on customers who are more interested in saving money than getting a larger variety or higher quality of clothing.
Having said that the "Super Wal-Mart" stores offer a wider range of grocery, bakery, and produce. "Super Target" on the other hand has a better selection within their housewares/furniture departments.
I don't ever see any shoppers in Target wearing their pajamas. At Walmart, pajamas seem to be the unofficial uniform for shoppers. But all joking aside, Target seems to provide a more upscale environment, with cleaner stores, higher quality items, and better customer service. Businesses that focus on the lowest prices and highest volume in sales will always have a place in our society. Although I need to save money, I always find myself more satisfied with the service at higher end outlets. Give me Target or Chick Fila over Walmart or McDonalds any day!
Walmart and Target are best from both the perspectives. According to my opinion, the difference is in terms of their Work Culture towards their Employess...For eg- Training to their Employees, as well as Salaries they offer
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