Wal Mart : The Largest Retail Store Of The World

Walmart is the preeminent organization that was established by Sam Walton in 1962 and now Walmart’s leads globally including Canada. Walmart was first started as small discount store with the slogan of “more for less”, and now it has grown worldwide in last five decades into the one of the biggest retailer across the globe. And today Walmart controls over 11,000 retail unit under 65 banners in 28 countries with workforce of 2.2 million associates across the globe whereas 1.4million in the U.S alone. Walmart also hires full time and part time employees with the minimum qualification. Company targets the domestic customer looking for more with less spending power. Walmart has deals going throughout the year with amazing offers which fulfills customers need.

Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American”

Walmart is a multinational corporation with 11,000 retail locations located in 27 countries and is the largest retailer in the world. With over 2.2 million employees, Walmart is the also largest employer in United States the world. The history of Walmart dates back to 1962 when founder Sam Walton opened the first Walmart store in Rogers, Arkansas. By the late 1960s, total sales were over $12 million with 24 Walmart stores spread across Arkansas (Riffel, 2014). “By the end of the 1970s, Wal-Mart had expanded into a number of different services in its stores—selling pharmaceuticals, adding auto service centers, and introducing jewelry divisions.

Wal-Mart is one of the largest corporations in America today. It serves to millions of consumers a day and is known for its motto “lower prices everyday.” For the last few years however, there has been the controversy of whether Wal-Mart is truly good for the American economy or not. On one hand people believe Wal-Mart is good for the economy because it saves the average consumer money due to the low priced products. Along with being an easy one stop shop where everything a person could possibly need is found there. Aside from the low prices and convenience, Wal-Mart is bad for the American economy. In early December of 2005 a poll was commissioned by Wakeup Wal-Mart, a union-funded group that has been pressuring Wal-Mart to raise employee

The Fortune 500 was established in 1955. Fortune 500 is a list of the 500 largest companies in the United States as compiled by FORTUNE Magazine. This list is compiled by using recent figures for revenue and includes both public and private companies with publicly available revenue data. (investopia.com) The Fortune 500 companies are ranked by the amount of revenue that they are bringing in on a yearly basis. While many feel that many of those businesses are operated by men, the Fortune 500 currently released and let it be known that there are 21 women CEO’s in the Fortune 500 category. (Management.Fortune)

Walmart is the biggest retail chain in America (Isidore), and if Walmart were its own country, it would have the 23rd largest GDP on the planet (“Walmart”). In fact, Walmart not only has more sales than second place retailer Costco, but they have five times their sales (“Walmart”). Yet, their overall impact is found to be negative. How is this possible? Well, after some thorough investigation and research the answer becomes blatantly obvious. Whether it is financially or economically, Walmart has not had the overall positive effect it was meant to contribute to our society.

The pervasive, global impact of Wal-Mart is unmistakable and growing given the company's expertise in logistics, supply chain management, retailing, pricing management and research into customer wants and preferences in products. Wal-Mart has become the most powerful retailer in the world primarily by concentrating on these strengths and using them to launch new stores regularly throughout the United States, Canada and across the many nations the company competes in (Meeks, Chen, 2011). Based on analysis of their filings with the United States Securities and Exchange Commission (SEC) it was ascertained that Wal-Mart has the capability of opening up to ten stores a week in any given 52 week time period, with an accelerated schedule potential of over 550 stores in 12 months (Wal-Mart Investor Relations, 2012). They are a formidable competitor to world retailing leaders Carrefour and Tesco, and regionally strong competitors including Costco (Wal-Mart Investor Relations, 2012). With this background of research serving as the frame of reference the two articles Report On Business (ROB) Ranks Wal-Mart Among Canada's Best Employers and The Cost of Walmartization are assessed, followed by an analysis of Wal-Mart Canada's ethics and if they are a retailer that deserves business and customer loyalty given their approach to managing human resources. The development and launch of their retailing locations in Canada and

The Walmart Effect by Charles Fishman is about how the global economy is being transformed by Walmart. Over the past 20 years Walmart has changed the way people do business and what the consumer expects from a store. When Sam Walton opened the first Walmart in 1962 his first priority was the lowest price for the customer. Sam’s values were: hard work, frugality, disincline and loyalty. (27) As the company grown occasionally that mentality has been pushed past the point of reason, and taken to extremes where laws have been broken and workers being over worked and under paid. Walmart is the world’s largest company and private employer. The book defines Walmart as “quintessentially American.” (246) The summation of this is

Wal-Mart — the world’s largest most dominant retailer and private employer. Established a highly profitable business centered on a low-cost strategy and utilizes logistical efficiencies to create a competitive advantage. This is a general merchandise discount retailer that was incorporated in 1962 but yet, only established in Canada in 1994.

Sam Walton is the originator of the Wal-Mart Stores in 1962. It has its central command situated in Bentonville Arkansas. Wal-Mart Store is an American – universal retail organization, that runs vast stockroom and departmental stores. It is positioned as the biggest private manager around the world, having utilized more than two million individuals. It is situated in more than 50 states in America. The organization 's administrations are offered in around 15 nations around the world. It has around 8500 stores utilizing diverse names as a part of the world. The organization has possessed the capacity to utilize the four administration capacities to have the capacity to accomplish its objectives. The organization 's procedure of succeeding is putting forth its client’s great administrations and offering its merchandise at lower costs. Notwithstanding, it has faith in picking up its benefit by offering its merchandise in expansive volumes. ( Soderquist, D.(2005).

According to a recent Forbes article, Walmart continues to prevail as the largest retailer in the world (The World’s, 2016). Walmart is known for selling a variety of retail items at “everyday low prices (EDLP)”, a slogan that is the key foundation to their company’s strategy (Our Business, n.d.). The company puts an immense focus on their prices, to ensure they are offering the lowest price compared to any local competitor.

Walmart was dedicated to making a difference in the lives of valuable customers for a lifetime (Abbott, Finch, Lo, Pawlinski, & Reyes, 2014), now it has transformed into nto the biggest retailer on the planet with about 260 million clients visit our more than 11,500 stores under 63 standards in 28 nations and e-business destinations in 11 nations every week (Walmart, 2016). The vision of Wal-Mart is to be the biggest, best retail association on the planet, and to offer a substantial combination of value items while giving effective administration (Researchomatic, 2013). Ecological supportability has turned into a fundamental fixing to working together mindfully and effectively. As the world 's biggest retailer, their activities can possibly spare our clients cash and guarantee a superior world for eras to come. In the meantime, it sets the phase for an all the more fiscally steady and mindful (Walmart, 2016). Organizations are grasping strength and duty in their store network administration to adjust to externalities, for example, geopolitical clashes, changing climate examples and crude materials deficiencies, and to enhance their effects on the workforce, nearby groups and nature in the spots where they get, source, fabricate and transport their items and administrations (UN Global Compact, 2016). Understanding where your business is set, assessing the dangers and investigating chances to work together can make your items and administrations more focused,

Wal-Mart is arguably the most dynamic corporation in the last 50 years in the United States, if not the world. Arising from its beginnings in Bentonville, Arkansas, it has grown to over 4,400 discount stores, super centers and corner markets worldwide. Wal-Mart continues to expand despite public criticism of its labor practices as well as complaints about their treatment of competitors. The many strengths of Wal-Mart, like their low cost production and marketing practices, will aid Wal-Mart as it continues to grow in the retail

Walmart is one of the largest retail companies in the world, and the largest retail company in the United States of America. It has been ranked number one on the Fortune 500 Index by Fortune Magazine. The founder of Walmart is Sam Walton, who opened the first Walmart store in 1962, in Rogers, Arkansas. As of 2007, Walmart obtains a store counting of about 6,700 units worldwide. Walmart provides general merchandize, such as health and beauty aids, family apparel, electronics, household essentials, toys, jewelry, fabrics, and also includes a pharmacy department. After Sam Walton opened his first store in 1962, he continued to make good profit due to a high sales volume of products. This eventually led to opening of 24 more stores by 1967. Walmart’s main competitor at that point of time was K-mart which had more stores than that of Walmart. However, the main USP of Walmart was to provide goods to consumers at low prices, which worked in their favor even when the economy faced a downturn, in the 1970’s. “Wal-Mart sales growth continued into the 1980s. In 1983 the company opened its first three Sam 's Wholesale Clubs and began its expansion into bigger city markets. Business at the 100,000-square-foot cash-and-carry discount membership warehouses proved to be good. The company had 148 such clubs by 1991, by which time the name had been shortened to Sam 's Clubs.” (International Directory of Company Histories. Ed. Jay P. Pederson. Vol. 141. Detroit: St.

Although Walmart is a global leader in the retailing industry, it is notorious for its community and labor relations problems, as well as numerous public relations scandals. Every year we hear more about the extensive labor relations problems, such as wage issues, and most shockingly- workplace rights abuses. Every action the company takes leaves an imprint on the company’s brand image and it affects its future. Walmart claims that respect for employees is at the very essence of the organization; however it seems that they are neglecting this founding principle. Although their new CEO has made some significant improvements within the last year, it is still evident that while they go out of their way to satisfy the needs of their investors and consumers, they refuse to meet the needs of some of their most important stakeholders, such as employees and suppliers. In determining the public affairs strategy of Walmart, there are many market and non- market stakeholders who are very much impacted by what Walmart does. Organizations derive their reputation from the way their behavior, actions and performance are perceived by all of their stakeholders. The stakeholders’ perceptions are formed by the amount of effort the company puts into communication, engagement practices and relationship building. For the purpose of this assignment, I will focus on three main groups that I think are of the upmost significance, require change and a better understanding: the