Wal-Mart Pro and Cons

1379 WordsApr 7, 20096 Pages
Wal-Mart Stores, Inc. (or Walmart as written in its new logo) is an American public corporation that runs a chain of large, discount department stores. It is the world's largest public corporation by revenue, according to the 2008 Fortune Global 500.[5] Founded by Sam Walton in 1962, it was incorporated on October 31, 1969, and listed on the New York Stock Exchange in 1972. It is the largest private employer in the world and the fourth largest utility or commercial employer, trailing the British National Health Service, and the Indian Railways. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business. It also owns and operates the North American company, Sam's Club.…show more content…
The truth is the Wal-Mart save customer’s time because people can buy their needs in one store and they do not need to move from store to store to buy their needs. Wal-Mart's goal was to be a "good steward for the environment" and ultimately use only renewable energy sources and produce zero waste. Despite much criticism of its environmental record, Wal-Mart took a few steps in what is viewed as a positive direction, which included becoming the biggest seller of organic milk and the biggest buyer of organic cotton in the world, as well as reducing packaging and energy costs. Wal-Mart also spent nearly a year working with outside consultants to discover the company's total environmental impact and find where they could improve Wal-mart also does a lot to help the communities it builds in by supplying jobs, paying taxes, that can be used to develop small towns, and donating to charity. Wal-mart also contributes to communities by funding education awards and scholarships, child-oriented programs, and environmental causes. Others Benefit • Several reasons that Wal-Mart wants to expand its business are wanting the distribution of merchandise and spreading its customer base to increase their profit. • Wal-Mart will provide a new and substantial source of tax revenue for the local community • Wal-Mart will provide a significant number of jobs for the residents in the area • Wal-Mart

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