‘Is Wal-Mart Good for America?’ On PBS Frontline, May 11, 2015 ‘Is Wal-Mart Good for America?’ is a documentary that examines the relationship between Wal-Mart’s rapid growth and its impact on the US economy ever since it blossomed in trade productivity in the mid 20th century. The documentary, published on February 2014 by PBS Frontline, conveys a deep understanding of how Wal-Mart changed the living standards of many Americans and took consumerism and retail logistics in the U.S. to another level; by cutting costs through offshore outsourcing to China and employing cheap Chinese labor. The documentary focuses on the changing relationship between big retailers and manufacturers and the transition in pricing and decision-making.
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.
Walmart is the largest retailer in the world. Walmart is the most powerful company in the history of U.S. business. City Council should approve Walmart proposal because Walmart provides low prices on grocery, household item and much more. Walmart provides a variety of choices to customers. Walmart has more choices and choices that are close to home, so they don’t have to drive as far.
In July of 1962, what is now the largest revenue stream corporation in the world, Wal-Mart started with humble roots in Arkansas. Throughout its existence, Walmart grew at an exponential level that placed it to where it is today. Now making around five-hundred billion dollars in revenue a year placed it as the largest company in the world in-terms of revenue and the largest employer in the US. So, is Walmart good for America? Despite having large “hiccups” throughout its history, it is undisputed the beneficial impact Walmart had in the United States.
Wal-Mart is accepting control over the lives of Americans and the American economy. With more than 9,700 stores in 28 unmistakable countries, Wal-Mart is the most sizably voluminous retailer in the Coalesces States and is well ordered surmounting comprehensively. Wal-Mart was instigated in the desires of offering minimal expenses to purchasers and stocking the most-required stock. Wal-Mart makes sense of how to keep a low supply of their things and clear the racks inconceivably quick. Their arrangement of activity has transformed into the surge without limits of America, regardless, Wal-Mart is stripping America of its minute associations and driving families from jobs.
Wal-Mart History & Reason for Wage Increase Wal-Mart was founded by Samuel Walton in 1962 in Rogers, Arkansas. Mr. Walton started his first 5&10 store on the downtown square of Bentonville, AR (Our History, 2016). The success of the 5&10 store led him to open up the first Wal-Mart. Today, Wal-Mart is the largest discount retailer in the world, earning over $485.6 billion in revenue in 2014 (Wahba, 2015).
Buyers have been shopping more online then in the stores, fewer people were in and out of stores during the holiday season, but more were shopping online. Shoppers that shop online have more time to browse around and look for different things in different store than to have to drive to the store and wait in line. Companies are being affected by this like Wal-Mart, they are struggling as Americans spend more cautiously in the uncertain economy. But Amazon.com has improved as shoppers increasingly by online rather than head to stores. The issue is that people are spending more time and money online than in stores, and it is impacting the big stores like Wal-Mart.
The first Wal-Mart Discount Store opened its doors in Rogers, Arkansas in 1962 by its founder, Sam Walton. Walton believed in customer service and hard work, which got him to expand to twenty-seven countries in forty years. Today, Wal-Mart serves more than two hundred million customers weekly. Wal-Mart established its Ethical Standards program in 1992 to monitor working conditions in its supplier factories. The program covers a factories compliance with local and national laws and regulations, compensation, hours of labor, no forced/prison labor, no underage labor, no discrimination, freedom of association and collective bargaining, health and safety, environment, and the right to audit by Wal-Mart.
Last Saturday I drove to Walmart which took 10 minutes. The reason I went was to create a fascinating research on the variety of food choices Walmart have. Upon entering the building I could see that they have a wide variety of food like; Dairy, snacks, meat and poultry, seasonings, fruits and vegetables, bakery, dry packaged goods, drinks, frozen foods, and organic foods. They also had perishable goods and non-perishable goods. Some of the perishable goods include; dairy and meat and poultry.
Walmart Stores is an American retail multinational corporation founded on 2nd July in 1962 by Sam Walton. It is a family owned business as about 50% of its shares are owned by the Walton family. The company was first publicly listed on the New York stock exchange in the year 1972, but it had already begun trading on 1st October in 1970. The headquarters of Walmart are located in Bentonville, Arkansas it has over 11,000 stores across 27 countries.
Walmart Stores Inc. The giant retailer, Walmart is an American based public multinational company; operates a chain of Walmart stores, Sam’s club, Walmart international. Sam Walton founded the company in 1962. From the beginning, he introduced Walmart as a store which provide the goods at lowest price. Its headquarter is in Bentonville, Arkansas.
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.
Walmart’s Business Philosophy Walmart, founded by Sam Walton in 1962, is one of the world largest corporations by market capitalization and number of people working and reaching out to millions of consumers on a daily basis. There are more than 11,500 Walmart stores and Sam’s Club localities in about 28 markets globally and there are more than 2.2 million allies providing services for more than 260 million consumers per year. It is the largest grocery dealer in the United States with an assessed market share of around 20% of the retail grocery and consumables industries. To be able to proficiently and resourcefully operate such a multifaceted operation at such a large capacity and do it constantly would only be probable by the huge effort
