Wal Mart : An American Multinational Retail Corporation

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Company Overview Wal-Mart Stores, Inc., popularly known as Wal-Mart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. Wal-Mart has been ranked as number 1 in the list of Fortune 500 companies for 2013. (CNN money, 2013) The company was founded by Sam Walton in 1962, incorporated on October 31, 1969 and is listed on the New York Stock Exchange. It is headquartered in Bentonville, Arkansas, United States. It is also the largest grocery retailer in the United States. Wal-Mart Stores, Inc. operates retail stores worldwide in various formats. The company operates in three segments which are Wal-Mart U.S., Wal-Mart International and Sam’s Club. Customers can also purchase…show more content…
This strategy was adopted to increase the customer base thus to enhance their operation of providing low price goods. And the year came when it created a revolution and Wal-Mart became the largest retailer in the United States in 1990. Then they started expanding its operations in many other countries, by doing joint ventures. After the year 1997 the company was able to make revenue more than $100 billion by doing many mergers and Acquisitions in parts of Mexico and Germany and covered the untapped market there. Its Foreign Expansion started in the year 1991 out of the United States, as the first step was entering into Mexico through joint venture. The company introduced any different schemes and policies to attract customers by providing them facilities as per their needs. Criticism There are many times when Wal-Mart faced criticisms from groups and individuals because of its practices as a Retailer. One of them is the huge loss of many small retail owners who went out of the business because of this giant firm. The impact of Wal-Mart on small retail businesses had received much criticism; there were many independent stores who got shut down because of their incapability to meet economies of scale. The most affected businesses were clothing, drug, hardware, sporting goods,

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