Wal Mart : American National Wholesale Business

Wal-Mart Corporation is one of the largest retail stores in the world. They serve customers in meeting their needs with low cost saving items. On October 31, 1962, Wal-Mart was founded and incorporated by Sam Walton in Bentonville, Arkansas. Mr. Walton went into business because he felt that items sold were too high for the average customer to afford. His focus was to sell products at low prices to get higher volume sales at a lower profit margin. He bought bulk products from different suppliers so he could incorporate savings into his pricing to lower cost for customers. Under the savings cost concept, Wal-Mart grew rapidly and surpassed its competitors in sales and generating profits.

Wal-Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal

In 1950, former J.C. Penny employee, Sam Walton opened Walton’s Five and Dime in Bentonville, Arkansas. By 1965, in the same small town Walton would open the first Walmart store unknowing that his investment would become the world’s largest retailer. By keeping sales prices low Walton was able to get ahead of the competition and successfully opened an additional store within the same year. Walton’s success continued and by 1967 his chain of stores had grown to 24 locations, and was bringing in about $12.6 million dollars in sales annually.

Wal-Mart was founded by Sam Walton; his belief was to provide “leadership through service.” This is the principle on which Wal-Mart was built on; Sam Walton’s intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After

Here is a little history about how Wal-Mart got started according to Wal-Mart Corporation-Our Story, Wal-Mart stores, Inc.(2012), the owner, Sam Walton was born in 1918 in Kingfisher, Oklahoma grew up and married in 1943 then moved to Newport, Arkansas where he gained retail experience and eventually ran his own variety store. He then moved to Bentonville and opened a five and dime store then being

If you glance at the financial ratios in the income statement you would see that Walmart is operating at a high capacity. The company’s profit margins although high are declining at time passes by. After looking at Walmart’s liquidity, the company is in a great position, it can pay off its debts without much trouble. Liquidity ratios include current ratio and quick ratio. If you look at the financial records you would see that current ratio has been on the rise since 2013. The liquidity position that Walmart is currently in indicates that company has not enough money to meet its current obligations. This means that Walmart is ideal with a company its size, if you look at the total debt ratio it shows that Walmart

Sam Walton 's retailing career began when he accepted a job offer at a JCPenney store in Des Moines, Iowa on June 3, 1940 where he remained for 18 months. In 1945, he met with Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin. Butler Brothers offered him a Ben Franklin store in Newport, Arkansas.

Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the

Sam and his wife left Newport to gain a better small town living experience and this is where Sam had opened up his first “dime store”. Sam had a great experience with this store as well as great success. Because of such success in his first “dime store”, he decided to open up the very first Walmart in Rogers, Arkansas in the year of 1962. Sam opened up Walmart with the idea that his business could be successful all the while still having low prices to meet his customers satisfaction.

In the late 1940s, a man named Sam Walton was franchising Ben Franklin’s store located in Newport, Arkansas. As a retailer, Walton continuously was in search of suppliers with best deals on merchandise. Usually, if a retailer was able to get a deal from a wholesaler they would leave their store prices at the regular price and pocket the excess money. Being the innovator he was, Walton decided to pass the savings on to the consumer and make his money through the increased volume of sales. This understanding would become the foundation of Walton’s business strategy when he developed Walmart in 1962.

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

Wal-Mart was started in Rogers, Arkansas during the early 1960’s by Sam Walton. (Ghillyer, 2010). Walton traveled all around the country researching what consumers wanted in a retail store. When Sam Walton fist opened Wal-Mart he

Sam Walton 's strategy was built on an unbreakable foundation: The Lowest Prices Anytime, Anywhere. On July 2, 1962, Sam Walton opened the first Walmart store in Rogers, Arkansas which the Walton family owned 24 stores, ringing up $12.7 million in sales. In 1969, the company officially incorporated as Wal-Mart Stores, Inc. (Vance & Scott (1994))

Walmart is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. Sam Walton is the founder of the world’s largest retail store today. Sam Walton was born in 1918 in Kingsfisher, Oklahoma. In 1942, at the age of 24, he joined the military. One year later, he married his longtime girlfriend, Helen Robson. In 1945, Sam Walton and his wife Helen moved to Iowa and then to Newport, Arkansas. During his time there, he was able to gain retail experience and he eventually opened his own variety store. Inspired by the early success of his dime store, Sam decided to open the first Walmart in 1962 in Rogers, Arkansas at the age of 44. Sam’s vision was to make sure that he can open a business that could help people save money and live better. At the time, Walton said, “if we work together, we’ll lower the cost of living for everyone, we’ll give the world an opportunity to see what it’s like to save and have a better life”.

Walmart’s first store was opened up in Rogers, Arkansas in 1962 by Sam Walton. Walton had owned a retail store in the previous store and decided to utilize a unique concept to achieve high sales and rise above his competitors in the town and industry. Walton reduced the prices of his products so that they were lower to those that were being offered by the competitors. By 2007, Walmart had over 3,400 retail outlets throughout the country. The store also had 1.3 million employees and had facilitated about 6.49 % of the country’s sales in retail. Walmart deals in the sale of apparel, music, groceries and some household products. In 2005, Walmart’s end of year profits had exceeded those of other retail stores combined such as Target, Costco, Home Depo, and Sears Holding Company.