Understanding the Pakistan Budgeting Process: Basics and Key Insights
Wegmans way retail mgt.
1. US Grocery Retailer
Presented By:
Bhupender Singh
Gaurav Soni
Javed Sida
Pankaj Kumar
Rahul Jain
Shaunak Ponkshe
Shrihari Mitkari
2. Background
• 1916 started by John & Walter Wegmans as
a Wegmans food market
• Headquarter Gates ,New York
• Known for people centered values
• Known as a premium priced retailer
• USP- satisfy customer through employee
satisfaction
• Till 2012- got 15 times place in Fortune
Magazine’s100 best companies for work
• Slogan-”Everyday You Get our Best”
8. Advantage of Wegmans store
• Extremely fresh food and good
variety of goods
• Variety of products
• Larger store area
• Specialty shops-400 different
varieties
• Stores within store
• Cross Merchandize
12. Wagmans Way Strategy
• Consistent low price model
• Extremely high margin
• Relationship with partners
• Better forecasting and distribution
system
13. Wegmans And Walmart
Wagmans
• Using CLP model
• Employee first and
customer second
• Never compromise with
margin
• Huge product line
• More professional &
classier
Wallmart
• Using EDLP model
• Customer is the Boss
• Compromise with margin
• Limited product line
• As compare to Wegmans
less professional
14. SWOT Analysis
Strength
• Diversify product portfolio
• Recognition for standard
• Strong footfall in US market
Weakness
• Product recalls
• Limited geographical
concentration
Opportunity
• Growing organic food industry
• Growing opportunities in
etailing
Threat
• Highly competitive market
• Perishable goods
• Organized shoplifting