By 1987, Walmart had more than 1,500 stores and annual sales exceeded $30 billion.
The slogan of "Everyday Low Prices" directly made it the largest retail company in the United States.
And in the next few decades, it has always ranked either first or second among the Fortune Global 500 companies, with revenue reaching more than 150 billion US dollars in 2020.
Such a thick thigh is worthy of Chen Xia's hug. At least before Chen Xia has any strength, he has to rely on external forces. There is nothing shameful about it.
Chen Xia's arrival was warmly welcomed by the Walton family, especially when they learned that he came to the United States mainly for a visit and cooperation with the Mayo Clinic, they looked at him with admiration.
This feeling is like a poor relative from the countryside.
If someone comes directly to your house and says they want some relief or free food and drink, although you may be enthusiastic, you will inevitably look down on them in your heart.
But when this relative says that he or she is here as a visiting scholar at the top-ranked hospital in your area, then the status of this relative is different.
In the United States, lawyers and doctors still have a very high status, especially in the Mayo Clinic. Even rich people only have one life, so of course they need the protection of doctors the most.
Just like if Old Sam hadn't met a ship of doctors at sea, he would probably be running a convenience store in heaven now.
The Walton family did not hold a welcome reception. Instead, they held a family gathering at home to welcome Chen Xia.
In Europe and the United States, this kind of family dinner with private invitation means that the other party is treated as one's own family and is the highest etiquette.
Chen Xia was a bit outgoing, and when he saw how enthusiastic the other person was, he immediately relaxed.
Even when Mrs. Sam wanted to cook herself, Chen Xia stopped the old lady and said that he could make everyone an authentic Chinese "hot pot".
He also learned from experience at Wellington Hospital that if you want to bring people closer together, nothing is better than delicious food. If one meal is not enough, then have two meals.
There is no shortage of ingredients in Chen Xia's space, including the old BJ hot pot and charcoal. Even the hot pot base is ready. Have a spicy one and a clear soup one.
As for the side dishes, isn't that easy? My family runs a supermarket, so vegetables, meat, seafood, and mushrooms are all available.
Chen Xia just took out the dipping sauce and some meatballs, shrimp balls and the like. These were obtained from "Donglaishun" and "Sichuan Hotpot", and the original flavor was absolutely guaranteed.
The meal was so delicious that all the Walton family members, young and old, exclaimed that it was delicious, especially the spicy hot pot, which was more popular among young people.
If you really feel sick to your stomach, just take a few omeprazole pills. We make and sell it ourselves. Haha.
After the meal, Chen Xia gave each woman in the Walton family a jade necklace.
No woman could resist the temptation of this gem, which caused everyone to applaud, and even Alice Walton hugged Chen Xia tightly.
Ahem, Chen Xia is so embarrassed. This is happening in front of the whole family. Can you come to my room and give me a hug in the middle of the night when no one is around?
The next day, Robson Walton personally accompanied Chen Xia to visit the local Walmart supermarket.
It has to be said that the Walmart supermarket in 1987 actually already looked like what Chen Xia remembered a supermarket to be like, such as the placement and layout of goods, price tags, sales clerks, etc.
Robson Walton brought Chen Xia to the clothing area and pointed at some clothes and hats and said:
"Look, Chen, these are all textile products produced by your company. Because your quotation is half of others, our retail price has also been reduced a lot. Now your products are very popular, sales are very good, and the quality is also great."
Chen Xia picked up a long-sleeved T-shirt and looked at it. The price tag was $8.
"Robson, are there any other suppliers offering a lower price than ours?"
This kind of labor-intensive product has no technical content, so the most common competition is price. Chen Xia is afraid that others will follow suit and lower their prices to grab business.
Robson Walton smiled and said:
"Your price is half of what others are offering. How can they lower their prices? Haha, I can't find anyone offering a lower price than you and still guaranteeing high quality."
Chen Xia felt much more relaxed and said with a smile:
"If someone offers a lower price than us, you must tell me that even if we lose no profit, Walmart cannot suffer a loss."
Robson Walton patted Chen Xia on the shoulder:
"Chen, you are not only a good doctor, but also a good person and a good partner. Don't worry, your order will be fine. We will become long-term partners."
Then Chen Xia visited some shelves selling small hardware, sundries, arts and crafts, and other home accessories, and took a closer look at the prices.
For example, for a basketball, Chen Xia saw a price tag of $20.
A simple sunflower decorative painting imitating Van Gogh's style actually costs $15.
Chen Xia couldn't help but mutter in his heart: "Isn't this just a print with a wooden frame? It's selling for so much."
After some investigation, Chen Xia was convinced that his plan to acquire the light factories in Yuezhou and then export the small commodities produced to the United States was completely feasible and the profits would be considerable.
For example, the sunflower decorative painting may only cost about US$12 at Walmart. Even if the price is half that, that is US$6, which is equivalent to 20 yuan in RMB.
According to calculations Chen Xia had asked someone to do before, these simple materials, plus labor and machine depreciation, would not cost more than 4 yuan in Yuezhou.
The profit from this back and forth is huge.
Moreover, the sales of such small commodities are very high and are the most labor-intensive, requiring a large number of workers.
Others are afraid that labor costs are too high and will reduce profits, so they think about things like machine automation and streamlined production all day long.
Some bosses are even more unscrupulous and will let one worker do the work of two people but only get the salary of one.
But isn’t Boss Chen’s business just about recruiting more workers and having more people work for him so that they can become “hostages” for self-protection? These are not problems.
So this business is very suitable for Chinese people.
Because the cost in China is so low, so low that decades later, Walmart supermarket directly established a global purchasing center in Shenzhen City, mainly to purchase small commodities suitable for sale in supermarkets from the mainland.
Chen Xia made up his mind, pointed to the small commodities on the nearest shelf, and said to Robson Walton next to him with a smile:
"I have a proposal. If I can supply you with these products at half the purchase price, would you please purchase my products?"
Robson Walton was stunned for a moment...
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