Walmart Is One Of The Best
In the recent years Walmart has been far our performing its top two competitors; Costco and Target. With a market cap of 212,195,024, Walmart had beaten its competitors who remain at 65,969,279 for Costco and 43,701,237 Target (NASDAQ, Competitors). This means that for Walmart, the total market of all of their goods and services far surpasses its top two market competitors. As investors, you may ask why Costco is second to Walmart’s regarding sales. Well when we take a closer look, we see that “Walmart’s treatment of its customers and employees has not always been then best.
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.
The million-dollar question is “Is Wal-Mart Good for America?” After doing some research and watching “Wal-Mart: The High Cost of Low Price,” Documentary. The clear answer is NO, Walmart is not good for America, nor any other country in the world. Wal-Mart as a hole is one of if not the largest business on the planted making over 220 billion dollars a year and has a profit of over 7 billion annually. They claim to be for the people, with their “family friendly” ads.
This company uses good pricing strategies to keep consumers walking in their door and to keep profits increasing. The Wal-Mart has stayed true to its roots by continuing to offer everyday low prices. Fortunately for them, they have opened up multiple stores all over the world and are the world’s largest retail store. Wal-Mart Corporation will continue to be around for many years to come. They will continue serving the community in a positive way.
Walmart is not good for America for a number of reasons. One of the biggest reasons is because of how powerful and influential it has become. The amount of influence Walmart has on corporations has become exponential and Walmart has become a force to be reckon with. Due the amount of power Walmart has, and how driven they are to ensure that they are buying the cheapest good quality products, they have driven countless businesses and corporations out of America. As a result, Walmart has driven a lot of jobs out of the nation.
Walmart is known to put other stores out of business and left unheard of. While this may be good for them, this is bad for those employees who work or those businesses. These people use these jobs to take care of their families, and Walmart is taking that opportunity away by trying to compete for the areas customers. Ethan Wolff-man stated “A 44-year-old grocery store in North Carolina saw a 30% sales drop immediately when a nearby Walmart opened a couple of years ago, according to a Bloomberg News story. Whenever the mom-and-pop supermarket cut prices, the Walmart would match or undercut them.
Many people throughout the time of the largest retailers existence have argued that the negatives outweigh the positives. I beg to disagree, there are 1.4 million people employed by Walmart. That is approximately 1.7% of the US workforce. To put that in
Wal-Mart is a regrettable thing for this economy. In particular, in light of the way that the sort of economy our country is predicated off of ought to be continue running off of a couple of little associations, continue running by a various individual businessmen. Wal-Mart stunts and doesn't support the intensification of any minute associations, in light of their unvanquishable expenses. How different people anticipated that would raise up and push toward getting to be business visionaries? Wal-Mart is withal terrible for this economy since it gives most
I personally believe Walmart has its cons and pros, but I believe that Walmart is actually good for America. I say this because living in NYC can be extremely expensive, so having a near by Walmart can be very beneficial for those everyday sales they have. (NYC doesn't have any walmart). We need affordable prices, I think thats what makes a company great. In the film one lady says "she knows that
Walmart’s first store opened in Rogers, Arkansas by Sam Walton. Walmart’s famous slogan “ Every day low prices” attracts its consumers and associates. Indeed, Walmart being very beneficial to its consumers some question the bad that Walmart brings to America. Walmart has been criticized for many reasons like overworking employees, low wages, damaging land for animals, and taxpayers subsidizing the company. Many people may wonder if Walmart is so bad then how come Americans desire a job there.
Even though walmart has became the most largest discount corporation around, it faces some tremendous challenges as the economy changes. Walmart has to protect it's margins when it comes to Internet shopping. We all love Walmart but, when it comes to a good deal people are going else where. People are finding ways to get items at the most cheapest prices. For instance, Amazon, Etsy, and eBay has flood the internet with it's low price on products.
Being one of the largest and leading retail corporations brings a lot of responsibility. Walmart can face many challenges at home and abroad in its attempt to maintain industry dominance. “The company expresses they are always trying to make their social, environmental and economic outcomes better”(Walmart, 2017). As economy changes, it becomes more important for business to be aware and focus on implementing changes as they face challenges. Walmart serves it customers by store and online.
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.
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.
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