Wal Mart Is An American Retail Company

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Wal-Mart Stores Inc. Wal-Mart is an American retail company founded by Sam Walton in 1962; he opened the first Wal-Mart store on July 2, 1962 at Rogers Arkansas. The company officially incorporated on October 31, 1969 as Wal-Mart stores Inc. Wal-Mart has over 11,000 stores under 71 banners in 27 countries and consist of 2.2 million employees including 1.3 million in the U.S It took a long time for Walmart to become what it is today. It went from being just a simple retail store in Arkansas City to become now the first retail store in the world. By 1967 the Sam Walton family owned 24 stores making approximately 12.7 million in sales; the company took a huge step toward development when…show more content…
The Wal-Mart U.S is the company largest segment; it operates in all 50 states and generated 59% of the company net sales in 2014. The U.S segment business is divided into six different merchandise units: grocery, entertainment, health and wellness, hardliners, apparel and home Wal-Mart International consist of the company operations in 26 countries outside the U.S. it operation are divided into three major categories: retail, wholesale and other. Wal-Mart international segment generated 29% of Wal-Mart net sales in 2014. Sam’s Club consist of warehouse memberships clubs and operates in 48 states in U.S. it accounted for 12% of the company net sales in 2014 Wal-Mart Stores Inc. operates under a formal bureaucratic structure that consists of three operating division real estate, logistics and store operations which are control under a unified leadership team. This unified team is organized into three distinct geographic business units: Wal-Mart west, south and north. The benefit of Wal-Mart organizational structure is that it helps each division unit to focus on specific goals. Therefore increasing the company effectiveness Walmart community activities Walmart foundation was established in 1979 with a mission to create opportunities for people in difficult situations to live a better life through
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