Wal-Mart is good because it produces products for consumers to buy at a low price. The low prices help people that can’t afford high price products to be able to buy what they need. Wal-Mart is probably the widest and strongest company in the U.S. business history. They have a great economy and they are the most admired company. Can you believe that Wal-Mart is the first company on the planet to report one quarter of a trillion dollars in sales $256 billion?
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.
If you’ve ever wondered how America is so rich, you should consider Walmart as a factor. Walmart is one of America’s largest retail companies that operates by selling discounted groceries, electronics, clothing, and many other valuable goods. Sam Walton, the founder of Walmart, opened the first store in 1962 in Rogers, Arkansas. Five years after the corporation opened only 24 stores existed, however, there are now 11,700 stores that spreads across 28 countries. Sam’s purpose of Walmart was to change the face of retail, in which he expanded the format by adding merchants such Sam’s Club and Neighborhood Walmart’s.
Wal-Mart Inc is found to be a public corporation in the USA that operates a chain of substantial, discount retail chains. It is one of the significant public companies, as per the 2008 Fortune Global 500. The organization was established in 1962 by Sam Walton that was further incorporated amid 1969 and was further listed on NYSE during 1972.Wal-Mart is the biggest private business and the biggest staple retailer in the United States. It additionally operates the retail distribution of the Sam's Club within North America(Corona, n.d.). The key components of the approach of Walmart to deal with the strategy in accordance with Sam Walton underscores building strong working associations with both employees and suppliers, staying alert and paying
Wal-Mart is one of the largest wholesale retailer in the world. It has a lot of competitors, such as Target, Kmart and Costco Wholesale. They are its closest competitors in the United States. By having competitors, they can come out with a lot of obstacles, such as lower prices, product monopolies, and loss of market share. However, Wal-Mart sales are four times more than Home Depot which is the number 2 retailer in a year.
It was founded by Sam Walton in 1962 and first store was in Arkansas. Its headquarter is in Bentonville in Arkansas. Doug McMillon is the CEO of the Walmart on Feb1,2014. Walmart’s stores other than in USA is more than in 6500 locations worldwide like in Canada, Mexico, Asia, Africa, Europe and Latin America. In 2017, company’s global net sales were 481.32 billion U.S dollars.
Walmart is known for treating its employees poorly. Employees of Walmart get paid minimum wage, have no benefits and are easily dropped by the corporation if it sees fit. On the flip side the Waltons are some of the richest people in America and the shareholders are not too far behind. At Walmart's shareholder conventions the scene nearly looks like a party with shareholders from around the world chanting Walmart. They take on an erie feel, almost as if they were all brainwashed into thinking they are doing good in the world by holding on to Walmart stocks.
Sam Walton was the first founder of Wal-Mart in 1962 and he was ranked the richest man in the United States in 1980s. Despite of Walton cheapness, he was successfully running his businesses “everyday low price” with his strategies and positive personality. Now, Wal-Mart is the second largest multinational company in the world that sells general merchandise, clothes, automobile, home appliances, groceries, and more. They set their standards at a high level of authority to fulfill people wants and needs. According to Ron Sasine, the senior director of Wal-Mart stated, “our effort in sustainability is evolving as we move forward with the sustainability index, which covers a broader profile of the total sustainability impact of product.”
Sam Walton a global market and transformational leader who has the vision to sell volume over profit. His vision gave him the opportunity to own and operate a single store in a small town in Arkansas and transformed his business to be one of the biggest corporation with over 4,000 stores in the United States. Sam Walton operate his company, Walmart, with compassion and love for his employees living with moral and ethical standards. He led by example, cared for his workers, customers, and most of all being a servant leader he is. He revolutionized and made a constant inspiration and made a huge impact in the retail industry.
The first Walmart Discount City opened in 1962, after owner Sam Walton tried to turn a previous store named Ben Franklin franchise into a discount store but was told no by the owners (PBS, 2014). During the first five years Walmart opened 18 stores,
In 1962, the first Walmart store opened. Created not too long after the Interstate Highway Act and during the rapid flight from cities to the suburbs, the firm targeted deep discounts and suburban locations. In the past 55 years, Walmart has become the world’s largest company by revenue, with 2.2 million employees and almost half a trillion in sales in 2014. This makes Walmart the largest employer in the U.S., with 1.4 million American workers. Company’s rapid growth is not completely positive for the communities that are affected.
Walmart is a business organization that provides good and services in an effort to earn a profit. A profit is the money that a business earns in sales. The owner Samuel Moore "Sam" Walton
The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.
Wal-Mart was founded in 1962 by Sam Walton. With the opening of the first Wal-Mart discount store in Rogers, Ark. The company integrated as Wal-Mart Stores, Inc., on October 31, 1969 (Wal-Mart, 2010). As a leader in sustainability, corporate philanthropy and employment opportunity, Wal-Mart placed first among retailers in Fortune Magazine 's 2009 Most Admired Companies.
Walmart, is an American multi-billion dollar low-cost retail organization that operates a chain of hypermarkets, discount department stores and grocery stores (Walmart, 2016). It also known as a multinational retail corporation, which started small, with the simple idea of selling more for less as a single discount store, has grown over the last 50 years into today’s largest retailer of the world (Our Story- About Us, 2016). According to Wikipedia (2016), Walmart is a family-owned business company, founded by Sam Walton in 1962 and incorporated on October 31, 1969. Headquartered in Bentonville, Arkansas, that organized under four divisions: Walmart U.S., Walmart International, Sam's Club and Global e-Commerce.
