Phar-Mor - Business Model

Business Model

Phar-Mor's business model was based on selling a large quantity of merchandise with a very small profit margin. Many products were shipped via direct store delivery, but some were shipped through Tamco warehouses, which Phar-Mor later purchased.

Sam Walton once called Monus the only retailer that he feared, since he couldn't understand how Phar-Mor grew so rapidly in a short time.

Read more about this topic:  Phar-Mor

Famous quotes containing the words business and/or model:

    If you’re so helpless you can’t find the water you’ve no business in it.
    Robert Tusker, and Michael Curtiz. Joanne Xavier (Fay Wray)

    The best way to teach a child restraint and generosity is to be a model of those qualities yourself. If your child sees that you want a particular item but refrain from buying it, either because it isn’t practical or because you can’t afford it, he will begin to understand restraint. Likewise, if you donate books or clothing to charity, take him with you to distribute the items to teach him about generosity.
    Lawrence Balter (20th century)