Walmart stores. there are many reasons why Walmart is the number one on the fortune 500 list. Walmart is the largest retailer in the united states and one of the largest in the world with over 4500 stores in the united states and over 1100 stores around the world (Walmart), including Neighborhood Walmart a smaller version of Walmart that carry groceries only and Sam’s club another retail stores that provide merchandises in bulk with whole sale quantities with a membership account. The store offers affordable products from groceries, clothing, jewelry, house good, electronics tool and garden supplies, all within the same place. Walmart also provide services such as, pharmacy optical, and some offer hair and nails salons. History The company …show more content…
later on Sam tried to convince franklin to develop this new idea over selling more product and lower prices with the everyday low-price concept, but Franklin did not agree to it. Sam and his brothers the Walton’s opened their own store, the first Walmart in 1962 in Rogers, Arkansas. In 1968 the Walmart expanded and opened store outside of Arkansas, in Oklahoma and Missouri and by that time Walmart had over 18 stores. By the 1970s “Walton implemented his warehouse distribution strategy. The company built its own warehouses so it could buy in volume and store the merchandise, then proceeded to build stores throughout 200-square-mile areas around the distribution points. This practice cut Wal-Mart's costs and gave it more control over operations; merchandise could be restocked as quickly as it sold, and advertising was specific to smaller regions and cost less to distribute (Wal-Mart). Walmart also was added to the New York time stock exchange and ranked Forbs the nation's discount and variety stores. Added pharmacy, jewelry and service center that introduced the world to the Walmart super center. In the 1980s Walmart opened their first Sam’s club with merchandise that introduced with 40% off priced compared to other retailers, added kiosks, shoe shines and restaurants that …show more content…
In February, Walmart announces a $2.7 billion investment over two years in its U.S. workforce, including raising its minimum wage to $9 an hour, implementing new training programs, and giving associates more control over their schedules, empower them and be more passionate with their job”(Our History). Mission and