February 25th, 2004, 04:08 PM
Albertson's Vs. Walmart
I'm reading this article, and there are some interesting figures you might want to take a look at.
Albertson's is aiming for the number 1 spot for the country's biggest grocer, with Larry Johnston (ex-GE Appliances) leading a team of ex-Safeway, ex-Dell, and even ex-Walmart gurus.
Here are some figures:
- Walmart: $56 billion in revenue
- Albertson's: $36 billion in revenue
- Walmart: 3.3 cents profit per dollar ($1.8 billion profit)
- Albertson's: 1.4 cents profit per dollar ($485 million profit)
- Safeway: .78 cents profit per dollar
- Kroger: 2 cents profit per dollar
- Walmart worker makes an average of about $8.5 per hour
- Albertson's worker makes an average of about $13 per hour
- Walmart's grocery prices are 20% to 25% cheaper than Albertson's on average
Most retailers pull in sales data from their "point-of-sale system"—once known as cash registers—at the end of the day or twice a day. Wal-Mart pulls in sales from its electronic registers every 15 minutes. By 4 a.m. each morning, suppliers can see how their products sold the day before in every Wal-Mart store around the globe. According to Buzek, some suppliers are also allowed to see what other products were purchased by the consumer along with their own. The system is anchored by a Teradata warehouse that stores 200 trillion numbers and letters—the largest digital library of any company in the world.
And Wal-Mart never stands still. It is pressing ahead with what it believes will be its next big advantage, radio-frequency identification technology. All suppliers will be required to put radio tags containing electronic product codes on pallets and cases by the end of 2006.
February 25th, 2004, 04:59 PM
As a worker for an Albertson's owned company i can add another detail:
For the past few weeks we have been hunders of dollars over our payroll budget while having every employee at their min. union contracted hours
A mind full of questions has no room for answers
March 9th, 2004, 06:41 PM
I sure don't want walmart to win the war so to speak. More power to anyone who competes.
Minyard and target, though viable, don't have the big grocery numbers yet.
btw - welcome to texas. (ok so it's late but I meant to get to it.)
March 9th, 2004, 06:47 PM
Humm albertsons have allways been more f the high end retailer, wallmart is a compleatly difrent market, and they should have seperate target demographics. IMHO albertsons should not pick this fight as they will have to give up what they do and alinate their core shoppers to compeate.
Who is more trustworthy then all of the gurus or Buddha’s?
March 10th, 2004, 04:52 AM
I love walmart.
Their main headquarters, is a hour drive from my house.
March 10th, 2004, 02:23 PM
Here in New York, We don't have an Albertson's, but from what I do remember when I Lived in Idaho, it was more popular than Wal Mart. In New York Wal Mart is the most powerful company, but I'm sure they wouldn't be if Albertson's was around. It's only a matter of time and expansion for Albertson's to become more powerful than Wal Mart.