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Sam's Club And The Walmart Express Stores

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History Walmart was founded in 1962 in Bentonville, Arkansas by Sam Walton. Sam’s vison was to open a retail store with the simple motto of “the lowest prices anytime, anywhere”. (Walmart, 2015a) Sam wanted to live by that motto and in doing so kept his prices lower than his competitors by reducing his profit margin. Even though when he first started he wasn’t making the same profit as the other stores, he was getting more customers in the door and that lead to more repeat customers. According to Walmart.com Sam is quoted as saying “"The secret of successful retailing is to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good-quality …show more content…

Their primary operation is the retail industry with the brand Walmart, Sam’s Club and the Walmart Express Stores. The company’s current CEO is C. Douglas McMillon. In doing the research for this paper I found that their CEO started out as a summer bagger in one of their stores. In his profile it says that “Doug is a longtime champion of Walmart’s customers, its associates and the company’s culture. In 1984, he started out as an hourly summer associate in a Walmart distribution center. In 1990, while pursuing his MBA, he rejoined the company as an assistant manager in a Tulsa, Okla., Walmart store before moving to merchandising as a buyer trainee. He went on to serve in successful senior leadership roles in all of Walmart’s business segments.” (Walmart, 2015c, para. 3) The number of employees that they employ is astonishing and it has been noted that they employ about 1% of the United States of America. According to their website they note that they operate over 11,000 retail units under 65 banners in 28 countries. They employ 2.2 million associates around the world — 1.3 million in the U.S. alone. (Walmart, 2015d) Of those locations it breaks down to 4,540 locations in the Unites States, 647 Sam’s Club and 6,301 locations in the rest of the

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Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.

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