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CORPORATION
NICK BISPLINGHOFF, PARKER DUNSHEE, EDITH PAGE, CARLY
SMITH
MERCHANDISING BUSINESS
Wal-Mart is a merchandising business, like our
competitor, Target
Worlds Largest Retailer
4,900 stores in the U.S.
It provides a one stop shop for households of all incomes
Price matching policy
COMPETITOR
Target
Merchandising Company on a smaller scale
1,800 stores in the U.S.
Typically higher prices
Designer brands
Inventory Turnover
Wal-Mart
2014
Cost of Merchandise Sold
Average Inventory
Inventory Turnover
Average Inventory
Average Daily Cost of
Merchandise Sold
Number of Days Sales in
Inventory
Target
2013
2014
2013
$ 358,069.00
$ 352,297.00
$ 51,160.00
$ 50,568.00
$ 44,330.50
$ 42,258.50
$ 8,334.50
$ 7,910.50
8.08
8.34
6.14
6.39
$ 44,330.50
$ 42,258.50
$ 8,334.50
$ 7,910.50
$ 981.01
$ 965.20
$ 140.16
$ 138.54
45.19
43.78
59.46
57.10
Net Sales
Average Accounts
Receivable
Accounts Receivable
Turnover
Target
2014
2013
2014
2013
$ 473,076.0
$ 465,604.00
$72,596.00
$ 71,960.00
$ 6,722.50
$ 6,352.50
$ 2,920.50
$ 5,884.00
70.37
73.29
24.86
12.23
Target
2013
2014
2013
$ 6,722.50
$ 6,352.50
$ 2,920.50
$ 5,884.00
$ 1,296.10
$ 1,275.63
$ 198.89
$ 197.15
5.19
4.98
14.68
29.85
Target
2014
2013
Current Assets
$ 61,185
$ 59,940
$ 11,573
$ 16,388
Current Liabilities
$ 69,345
$ 71,818
$ 12,777
$ 14,031
Working Capital
$ (8,160)
$ (11,878)
$ (1,204)
$ 2,357
Current Assets
$ 61,185
$ 59,940
$ 11,573
$ 16,388
Current Liabilities
$ 69,345
$ 71,818
$ 12,777
$ 14,031
0.88
0.83
0.91
1.17
Current Ratio
2014
2013
Wal-Mart
2014
2013
2014
2013
$ 23,257.00
$25,591.00
$ 6,520.00
$ 5,325.00
$ 13,115.00
$12,898.00
$ 3,453.00
$ 3,277.00
$ 10,142.00
$12,693.00
$ 6,520.00
$ 2,048.00
Current Event
December, 2013 Security Breach in Target-40 Million
shoppers credit card information
Target ignored a red flag that was raised by their
malware security system
This impacted their net earnings from 2,999 in 2013 to
1,971 in 2014 (in millions)
Works Cited
"2013 Annual Report | Target Corporate." 2013 Annual Report | Target Corporate. Web. 7 Nov. 2014.
"EDGAR." SEC.gov. Web. 5 Nov. 2014.
Riley, Michael, Ben Elgin, Dune Lawrence, and Carol Matlack. "Missed Alarms and 40 Million Stolen
Credit Card Numbers: How Target Blew It." Bloomberg Business Week. Bloomberg, 13 Mar. 2014. Web.
14 Nov. 2014.
"Walmart Annual Reports." Walmart Annual Reports. Web. 16 Nov. 2014.