There are many successful companies in the world, but there’s one that grew in a sort about of time. Walmart first launched in Rogers, Arkansas in 1962. Sam Walton the owner of Walmart, was smart enough to construct his company in a high residential area. When the company first started Walton own the whole company. Currently the Walton family has only fifty-two percent of the company, and the other percentages are owned by shareholders. Walton had many reasons in starting a company since his old job didn’t fit with him. One of the things that he hate was having people wait on him while dealing with paperwork. He states: “I hated to make customers wait while I fussed with paperwork, so my books were a mess” (Walton). Walton always cared …show more content…
The article lists: “Electronics, movies and music, home and furniture, home improvement, clothing, footwear, jewelry, shoes, toys, health and beauty, pet supplies, sporting goods and fitness, auto, photo finishing, craft supplies, party supplies, grocery” (Wikipedia). Since Walmart has progressed in the years it had to be split into 3 divisions. Walmart currently operates in three divisions which are: Walmart U.S., Sam’s Club, and Walmart International. It was only an amount of time for it to split, since sales were going up and inventory was increasing. Now in days Walmart stores can be located just about anywhere. Internationally there are about six thousand three hundred, and ten stores. Walmart had expanded to many parts of the world such as: The United states, Argentina, Brazil, Canada, and the …show more content…
It doesn’t take away the fact that it’s causing a lot of unemployment. Small businesses are being forced to close down because they can’t match to Walmarts prices. This happens every year, and it doesn’t give small businesses a chance since most of them sell almost the same products. But theirs is some hope for small business because Walmart will soon be cutting down on the products they sell. Right now there has been roughly 2,500 products cut from its stores. Business Insider states: "wipe out hundreds of millions of dollars in annual sales of gum, candy and magazines". And because of this many cause sales to go down. But there are some companies that are making Walmart run for its money and they are: Amazon, Costco and Aldi. Sooner, or later Walmart will eventually bounce back with better prices and