Question
Using the data in Tables 1 and 2, select the most accurate statement from the choices shown below. From 2011-2016, _____________. NOTE: Discount department stores,
Using the data in Tables 1 and 2, select the most accurate statement from the choices shown below. From 2011-2016, _____________. NOTE: Discount department stores, supercenters & warehouse clubs are referred to as "the discount segment" below.
A. Walmart Inc. (Walmart US + Sam's Club) and CostCo gained market share in the discount department store, supercenter and warehouse segment, as well as in overall US retailing.
B. The discount segment lost market share in total US retailing.
C. Target's and Meijer's US sales grew in-line with the discount segment, and gained market share in the overall US retail industry.
D. A,B, and C are correct.
E. A&B are correct but not C.
Table 1: US Retail Trade & Selected Retail Segments 2011-2016E ($ in millions) 2012 2013 2014 015 2016E 523,371 $539,180 $574,547 $599,603 $613,225 $624,876 557,958 294,697 328,653 350,487 386,065 433,692 497,011 1,967 554 2,027,08 2045060 2,091,940 2,038,080 2,032,074 3,290,014 $3,415,735 $3,499,156 $3,618,589 $3,632,015 $3,711,919 2011 Grocery & Supermarkets Discount Department Stores, Supercenters, Warehouse Clubs Electronic Shopping & Mail Order Houses All Other Retailing (excl. autos) Total US Retail Sales (excl. autos) 504,392 520,815 529,062 540,981 547,018 (a) Most recent year available is 2015. (b) Bonita Austin's estimates for 2016 based upon advance Census data Source: US Census Bureau Table 2: US Sales - Discount Department Stores, Superstores& Warehouse Clubs ($ in millions) 2014 12,965 80,477 12,074 16,620 58,000 72,618 2011 2016 13,260 86,579 8,650 16,324 57,365 69,495 264,186 274,433 279,400 288,000 298,378 307,833 2012 11,600 11,600 BJ's Wholesale Club CostCo Kmart Meijer Superstores Sam's Club Target US Walmart US 2013 11,300 64,900 1,776 75,493 13,194 15,690 56,400 57,200 71,960 71,279 2015 13,000 84,351 10,188 16,004 56,828 73,785 14,567 15,456 15,285 14,630 53,800 68,466 Source: Company 10K's and Bonita Austin's estimatesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started