Business
If you're wondering why Walmart was so desperate to build its first store within the City of Miami limits at Midtown, it's probably because its stores in other parts of the county are so damn popular. In fact, the Doral Walmart has the highest sales of any store in the...
If you're wondering why Walmart was so desperate to build its first store within the City of Miami limits at Midtown, it's probably because its stores in other parts of the county are so damn popular. In fact, the Doral Walmart has the highest sales of any store in the entire country.
See also: Walmart Officially Closes on Midtown Property
A spokesman confirmed the fact to CBS Miami. The location's proximity to the airport apparently plays a large part in booming sales as foreigners like to stock up on Walmart's cheap goods before heading home. From Chinese factories to a suburban Florida Walmart to South America. What a world.
Though, the Doral location's success isn't unique. According to a 2012 Miami Herald story, the Hialeah Gardens location was the top-producing Walmart in the country during that year.
Both locations are Supercenters, as will be the proposed Midtown location.
There are 13 Walmart or Walmart Supercenters serving Miami-Dade county's 2.591 million residents.
Though, to put that in prospective there's five Walmarts serving nearby Collier County's 330,000 residents, and 12 locations for Broward's 1.815 million residents. So the fact there's less Walmarts per capita here than in neighboring counties may play into the chain's individual store success in Miami-Dade.
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As an expert in retail and business strategy, I can provide insights into the factors that make Walmart's stores successful, especially in the context of the article about Walmart's store in Doral, Miami. My expertise is based on a thorough understanding of the retail industry, market dynamics, and Walmart's business model.
The article highlights the success of the Doral Walmart, noting that it has the highest sales of any store in the entire country. This exceptional performance can be attributed to several key factors:
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Proximity to the Airport: The article mentions that the Doral Walmart's proximity to the airport contributes significantly to its booming sales. This is because international travelers, particularly foreigners, take advantage of Walmart's affordable goods before heading home. The convenience of the location allows these travelers to stock up on items before their flights.
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Supercenter Format: Both the Doral location and the proposed Midtown location are described as Supercenters. A Supercenter is a larger format store that not only offers a wide range of merchandise but also includes a grocery store. This format has proven successful for Walmart, providing customers with a one-stop shopping experience.
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Regional Market Dynamics: The article compares the number of Walmart stores in Miami-Dade County to neighboring Collier County and Broward County. Despite having fewer Walmart stores per capita, the individual store success in Miami-Dade is highlighted. This suggests that Walmart's strategy might be tailored to the specific market dynamics of Miami-Dade County.
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Global Supply Chain: The mention of "Chinese factories to a suburban Florida Walmart to South America" indicates the global supply chain network of Walmart. This network allows the retail giant to source products globally and distribute them efficiently to its stores, catering to the diverse needs of customers.
In conclusion, Walmart's success in Doral and potentially in Midtown is a result of strategic factors such as location, store format, regional market dynamics, and a robust global supply chain. These elements collectively contribute to Walmart's ability to meet customer demands and drive high sales volumes in specific locations.
