Wal Mart Stores Inc. Essay

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Overview Wal-Mart Stores Inc. (Walmart) is engaged in the operation of retail stores, wholesale, and other various formats across the world (MintGlobal, 2016). Headquartered in Bentonville, Arkansa, Sam Walton founded Walmart in 1962 and the company was incorporated in 1969 (Reuters, 2016). Being the largest retailer in the world with over 2.3 million employees (MarketLine, 2016), Walmart is a multinational company with operations in over 27 countries (Reuters, 2016). Every week, Walmart gets approximately 260 million customers visiting 11,500 stores in 28 countries and its e-commerce websites in 11 countries (Wal-Mart Stores Inc., 2016). Walmart offers goods as well as private label merchandise in the following categories: grocery, entertainment, hardlines, health and wellness, apparel, and home (MarketLine, 2016). Being the market leader, the company’s revenue increases every year, with $485,651 million in the 2014 fiscal year (MarketLine, 2016). History The first store was opened in Rogers, Arkansas. By 1968, Walmart expanded outside of Arkansas, opening stores in Sikeston, Missouri, and Claremore, Oklahoma. The company by 1970 had opened 38 stores and opened its first distribution centre in Bentonville, Arkansas (Wal-Mart Stores Inc., 2016). To compete with rising businesses such as Costco, the company launched the first Sam’s Club, the company’s first members-only warehouse store in 1983 (Wal-Mart Stores Inc., 2016). In 1988, the company introduced its first

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