https://alexward.co/marketing-research daily 0.75 2016-12-15 https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1532119050406-LEL1875RPBP9VSGBLSXJ/Picture1.jpg Marketing Research https://alexward.co/walmart daily 0.75 2017-05-15 https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872616595-L9PI45NQMEJZZAVMTJVV/Positioning+Map.png Strategic Management Analysis Exhibit 1. Strategic Group Map of Selected Retailers https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872758851-JJ3M0BJ71H7QYCJ8098S/image-asset.png Strategic Management Analysis Exhibit 2. Porter’s Five Forces Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872872015-HRHFVFYA7QD3GVFL8R68/image-asset.png Strategic Management Analysis Exhibit 3. Forecast for global retail sales growth from 2008 to 2018 (Statista) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873023514-Y7X5B0LIRJMQJN56UMME/image-asset.png Strategic Management Analysis Exhibit 4. Annual retail industry sales in the United States from 2000 to 2014 (in trillion U.S. dollars) (Statista) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873151973-D764U2SUPNBCY1K0FIS0/image-asset.png Strategic Management Analysis Exhibit 5. Revenue (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873234013-ELDSLZMB77BK1XY5I6TL/image-asset.png Strategic Management Analysis Exhibit 6. Net Income (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873315105-9ONXVZ7TL1KVR56REYWO/image-asset.png Strategic Management Analysis Exhibit 7. Gross Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873421803-I0W1AM3RXT3M0ED1L37M/image-asset.png Strategic Management Analysis Exhibit 8. Operating Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873534105-NQOI6P4F64F5T2WPNNBU/image-asset.png Strategic Management Analysis Exhibit 9. Net Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873598500-ZTKTLHDF38LU4XCQ4FLT/chang+in+profit.png Strategic Management Analysis Exhibit 10. Change in Profit (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873668595-DB4EE3BFFJYBQV3BKVMU/image-asset.png Strategic Management Analysis Exhibit 11. Total Return on Assets (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873863147-8H1OK8LCILWPG3FT5A1A/image-asset.png Strategic Management Analysis Exhibit 12. Net Return on Total Assets (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873918013-BK0PLU7SHTCB2ZVIM8T0/image-asset.png Strategic Management Analysis Exhibit 13. Return on Stockholders' Equity (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873980365-PDNCX79Y2GGWCHA6MRIP/image-asset.png Strategic Management Analysis Exhibit 14. Return on Invested Capital (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874045227-F6KIKGX2TF71D0ZW3OTE/image-asset.png Strategic Management Analysis Exhibit 15. Current Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874147684-N7LWOMFB8DDAI0FKJAQP/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874178006-YFVSA4Q2YIOGVZTIUG01/image-asset.png Strategic Management Analysis Exhibit 16. Working Capital https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874262506-ASFNM6F9U25SJOATTPO9/image-asset.png Strategic Management Analysis Exhibit 17. Days of Inventory (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874330269-0F0F2E5CWH9XD6BL2HN9/image-asset.png Strategic Management Analysis Exhibit 18. Average Collection Period (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874398634-4OBRDDAH7T8JEI1H7XXB/image-asset.png Strategic Management Analysis Exhibit 19. Total Debt-to-Assets Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874468146-ZDPYJ8YBZGJ0EIUX10NS/image-asset.png Strategic Management Analysis Exhibit 20. Long-term Debt-to-Capital Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874538323-7BP3LO88DWN5NW7X74NC/image-asset.png Strategic Management Analysis Exhibit 21. Times-Interest-Earned Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874617369-H5CLCOYQUW4FQBQ7T19B/image-asset.png Strategic Management Analysis Exhibit 22. Net Change in Cash (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874687606-D3DDZRL9S2XGB59U1OK6/image-asset.png Strategic Management Analysis Exhibit 23. Cash Flows from Operations (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874765361-ZOH1IS5ED730OWFDIHZU/image-asset.png Strategic Management Analysis Exhibit 24. Inventory Cash Flows (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874827248-BVQYAQI3U59QBIB59OAQ/image-asset.png Strategic Management Analysis Exhibit 25. Deferred Income Taxes (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874914860-807ZX3W8MZ88S8W2YZYA/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874937962-HE8XD838LI7FCH0FZ57B/image-asset.png Strategic Management Analysis Exhibit 26. Cash Flows from Investing (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875040936-FU8C17XO645S949L9J52/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875061376-A5DHU60NNURUW7PDHF71/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875079838-2X7HV63HL7F50QJONPIA/image-asset.png Strategic Management Analysis Exhibit 27. Cash Flows from Financing (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875168638-F4BWGWJWLMOF1VRZWFYB/image-asset.png Strategic Management Analysis Exhibit 28. Free Cash Flow (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875257596-JGSTT8ASLAWNB78W1262/image-asset.png Strategic Management Analysis Exhibit 29. Stock Price (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875337764-NG62IF41P1HR4MDUWJ76/image-asset.png Strategic Management Analysis Exhibit 30. Growth of 10,000 Share Investments in Wal-Mart (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875441982-HPJH4VUN5IQL76V16G3A/image-asset.png Strategic Management Analysis Exhibit 31. Weekly Insider Transactions (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875550350-EWGZJADYZ4GVVRITZD5V/image-asset.png Strategic Management Analysis Exhibit 32. Price-to-Earnings Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875632195-969T58H1ALKTHS8Q46PA/image-asset.png Strategic Management Analysis Exhibit 33. Dividend Payout Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872616595-L9PI45NQMEJZZAVMTJVV/Positioning+Map.png Strategic Management Analysis Exhibit 1. Strategic Group Map of Selected Retailers https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872758851-JJ3M0BJ71H7QYCJ8098S/image-asset.png Strategic Management Analysis Exhibit 2. Porter’s Five Forces Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494872872015-HRHFVFYA7QD3GVFL8R68/image-asset.png Strategic Management Analysis Exhibit 3. Forecast for global retail sales growth from 2008 to 2018 (Statista) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873023514-Y7X5B0LIRJMQJN56UMME/image-asset.png Strategic Management Analysis Exhibit 4. Annual retail industry sales in the United States from 2000 to 2014 (in trillion U.S. dollars) (Statista) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873151973-D764U2SUPNBCY1K0FIS0/image-asset.png Strategic Management Analysis Exhibit 5. Revenue (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873234013-ELDSLZMB77BK1XY5I6TL/image-asset.png Strategic Management Analysis Exhibit 6. Net Income (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873315105-9ONXVZ7TL1KVR56REYWO/image-asset.png Strategic Management Analysis Exhibit 7. Gross Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873421803-I0W1AM3RXT3M0ED1L37M/image-asset.png Strategic Management Analysis Exhibit 8. Operating Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873534105-NQOI6P4F64F5T2WPNNBU/image-asset.png Strategic Management Analysis Exhibit 9. Net Profit Margin (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873598500-ZTKTLHDF38LU4XCQ4FLT/chang+in+profit.png Strategic Management Analysis Exhibit 10. Change in Profit (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873668595-DB4EE3BFFJYBQV3BKVMU/image-asset.png Strategic Management Analysis Exhibit 11. Total Return on Assets (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873863147-8H1OK8LCILWPG3FT5A1A/image-asset.png Strategic Management Analysis Exhibit 12. Net Return on Total Assets (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873918013-BK0PLU7SHTCB2ZVIM8T0/image-asset.png Strategic Management Analysis Exhibit 13. Return on Stockholders' Equity (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494873980365-PDNCX79Y2GGWCHA6MRIP/image-asset.png Strategic Management Analysis Exhibit 14. Return on Invested Capital (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874045227-F6KIKGX2TF71D0ZW3OTE/image-asset.png Strategic Management Analysis Exhibit 15. Current Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874147684-N7LWOMFB8DDAI0FKJAQP/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874178006-YFVSA4Q2YIOGVZTIUG01/image-asset.png Strategic Management Analysis Exhibit 16. Working Capital https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874262506-ASFNM6F9U25SJOATTPO9/image-asset.png Strategic Management Analysis Exhibit 17. Days of Inventory (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874330269-0F0F2E5CWH9XD6BL2HN9/image-asset.png Strategic Management Analysis Exhibit 18. Average Collection Period (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874398634-4OBRDDAH7T8JEI1H7XXB/image-asset.png Strategic Management Analysis Exhibit 19. Total Debt-to-Assets Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874468146-ZDPYJ8YBZGJ0EIUX10NS/image-asset.png Strategic Management Analysis Exhibit 20. Long-term Debt-to-Capital Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874538323-7BP3LO88DWN5NW7X74NC/image-asset.png Strategic Management Analysis Exhibit 21. Times-Interest-Earned Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874617369-H5CLCOYQUW4FQBQ7T19B/image-asset.png Strategic Management Analysis Exhibit 22. Net Change in Cash (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874687606-D3DDZRL9S2XGB59U1OK6/image-asset.png Strategic Management Analysis Exhibit 23. Cash Flows from Operations (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874765361-ZOH1IS5ED730OWFDIHZU/image-asset.png Strategic Management Analysis Exhibit 24. Inventory Cash Flows (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874827248-BVQYAQI3U59QBIB59OAQ/image-asset.png Strategic Management Analysis Exhibit 25. Deferred Income Taxes (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874914860-807ZX3W8MZ88S8W2YZYA/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494874937962-HE8XD838LI7FCH0FZ57B/image-asset.png Strategic Management Analysis Exhibit 26. Cash Flows from Investing (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875040936-FU8C17XO645S949L9J52/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875061376-A5DHU60NNURUW7PDHF71/image-asset.png Strategic Management Analysis https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875079838-2X7HV63HL7F50QJONPIA/image-asset.png Strategic Management Analysis Exhibit 27. Cash Flows from Financing (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875168638-F4BWGWJWLMOF1VRZWFYB/image-asset.png Strategic Management Analysis Exhibit 28. Free Cash Flow (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875257596-JGSTT8ASLAWNB78W1262/image-asset.png Strategic Management Analysis Exhibit 29. Stock Price (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875337764-NG62IF41P1HR4MDUWJ76/image-asset.png Strategic Management Analysis Exhibit 30. Growth of 10,000 Share Investments in Wal-Mart (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875441982-HPJH4VUN5IQL76V16G3A/image-asset.png Strategic Management Analysis Exhibit 31. Weekly Insider Transactions (Screenshot from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875550350-EWGZJADYZ4GVVRITZD5V/image-asset.png Strategic Management Analysis Exhibit 32. Price-to-Earnings Ratio (Data from Morningstar.com) https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1494875632195-969T58H1ALKTHS8Q46PA/image-asset.png Strategic Management Analysis Exhibit 33. Dividend Payout Ratio (Data from Morningstar.com) https://alexward.co/contact daily 0.75 2026-02-21 https://alexward.co/home daily 1.0 2026-02-21 https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/1736370751978-WJU0CK4QQYOUGD7ESI7C/Alex+3.jpg Home https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/ca28299b-8750-40ca-b454-0525c00c5541/AlexWardCompressed-131.jpg https://images.squarespace-cdn.com/content/v1/580a376046c3c422fe9de634/940ac0f7-7570-4fc3-86dc-2c69d38699bc/CI7A9758.jpg