Wal Mart : American Multinational Retail Corporation Essay

906 WordsDec 14, 20144 Pages
Wal-Mart is a known American multinational retail corporation that currently operates chains of large discount department stores and warehouse stores. Founded in 1962 by Sam Walton the retail corporation was broken formidable ground and has become a major threat within the community and challenges all stores around with it’s many amenities and discounted prices, a perk that benefits many low-income families within the community who may find it hard to shop and bring home the necessities they need due to other stores being too pricey based on what people call “Name Brand” clothing. Wal-Mart cracked internationally back in 1996 when they entered China, a country where they currently have billions of sales in. How did they come about cracking in China? Peter Cohan, a contributor for www.forbes.com states that “One big answer is a 65%-Wal-Mart-owned joint venture with a company run by the son of a former Chinese vice president who was tossed in 2009 out by Beijing after investigations into a multi-billion foreign exchange trading scandal” (Cohan, 2014, para. 1). China is a major force to be reckon with internationally, many try to break into their market, though their known for tight restrictions, it doesn’t over shadow the booming business they posses which can help boost a companies profile. Wal-Mart has been operating within China for 18 years with an estimated 90,000 associates working for them. According to their website “From 2014 – 2016, Wal-Mart will accelerate

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