Wal Mart : The Largest Retailer Of The World

Wal-Mart chains are essentially a franchise of convenince, featuring every item in every department. Consumers have a one stop shop for items such as house supplies, auto

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)

For better or for worse, Wal-Mart dominates the retail industry. With annual revenue of more than $315 billion, Wal-Mart ranks No. 2 on the Fortune 500 list of the largest U.S. corporations. Wal-Mart is also the largest corporate employer in the nation, with more than 1.3 million people on its payroll (only the federal government employs more people). On the global front, Wal-Mart operates nearly 3,000 international stores, buys products from 70 countries, and generates about 20% of its sales from abroad. Given Wal-Mart’s aggressive expansion plans, those numbers are only likely to grow.

Let’s begin with the fact that Walmart directly takes customers from surrounding retailers who simply cannot compete. As a matter of fact, Walmart was held responsible for 40%-50% of small store closings in the 1980s and 1990s (Kille). Walmart’s damage to smaller retailers did not end there. From 1992-2007, a span of 15 years, 60,000 competitors were ran out of business due to a local Walmart (“Walmart”). In fact, some data show that typically 14 surrounding competitors will shut down withing 15 months of a Walmart opening in their area (Kille). All this information has help to prove that Walmart’s competitive advantages are undeniably overwhelming. Due to the company’s size, they can purchase in extremely large amounts from foreign countries, which leads to them paying less for the product initially. In turn, this allows customers to purchase these products at a lower cost. Smaller “hometown”

Wal-Mart is a huge retail company in the world. Wal-Mart store Inc. was founded in 1962. Samuel Walton and his brother J.L. Walton open their first Wal-Mart Discount City in Rogers, Arkansas (Wal-Mart History, 2010). Wal-Mart has mission word such as “Save people money so they can live better”. Wal-Mart buy its product in high cost and sell it with low price because it is an huge company which has more than 50% of sale as compared to k-mart and target as its competitors and provide saving to its customers. In one point, it is very useful for employers, employees and customers to buy and sell its goods and provides services. Over 245 million customers and members visit Wal-Mart store as well as 11,000 stores under 65 banners in 28 countries

Wal-Mart exhibits a huge and thriving presence in the fluctuating society of business. The company, at the time of this writing, guided over 3,400 stores in the United States, as well as over 550 Sam’s Club establishments (Basker, 2007). Wal-Mart has become one of, if not the, largest merchant in the U.S. and abroad thanks to an individual who envisioned a prosperous future.

Wal-Mart is the world's largest retail and departmental store chain. Having business operations in 27 countries with 69 different brand names, Wal-Mart is able to serve a huge number of customers per day. Wal-Mart is the fastest growing and the most successful retail brand in the world. The factors which make it the strongest brand in its industry include large customer base, sound financial strength, strong brand image, and huge supply chain network. Wal-Mart has certain weaknesses in its operations and business setup like low acceptability of certain products, high employee turnover, and less recognition of newly introduced brands. These weaknesses can be overcome by availing attractive opportunities from the market and investing more in the most profitable areas. Wal-Mart faces the biggest threat from its competitors and ever-changing customer preferences.

Wal-Mart is a company that leads its industry in numerous areas. The areas which impress are the accomplishments the company has made. “About 140 million people in 11 countries shopped at Wal-Mart …every week. More than half of American shoppers visited Wal-Mart at least once a month…an estimated 82 percent at American households have made at least one purchase at Wal-Mart” (Bianco, Zellner, 2003).

With the help of P.T. Barnum, and Billy Graham, Sam Walton accomplished to get Wal-Mart to be the biggest retailer in the world, transforming the way America shopped and making himself one of the world 's richest men in the process.

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

The costs involved with market penetration are not nearly as great as with market development. Wal-Mart only needs to increase its marketing campaigns in the target areas. Again, with K-Mart 's unfortunate exit in many of the same markets as Wal-Mart, they have an even better chance of success because they will be the largest discount retailer in the area. They may not even have to increase any costs in this type of situation because of the natural reaction of consumers needs. If they were

Walmart, is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores. Every company successes for a reason. In my opinion, Walmart’s resources and capabilities as follows:

Wal-Mart Stores Inc. is regarded as the largest retail store in the world. Since its founding in October 31, 1969, it has been involved in retail operation, in various parts of the world (Wal-Mart, 2015). The company operates in three segments, which comprise Wal-Mart US, Wal-Mart International, and Sam 's Club. Notably, Wal-Mart Canada works both in the international division and the company Sam 's Club. It was established in 1994 through the acquisition of the 122 Canadian leases of Woolco. In Canada, many of the company 's outlets work as discount stores and engage in general merchandise and selection of dried goods such as the grocery, fuel and other, home appliances, technology, and health and wellness. Today, it is Canada 's fastest growing retailer in both the grocery and merchandise sector. As part of its culture, Wal-Mart values its employees ' welfare. After the acquisition of the Woolco, all employees underwent training and received a five percent raise. The company provides varying, but competitive salaries to its employees in different positions. Its success is further attributed to various advantages such as the mastery of the Backroom Inventory Associates. Wal-Mart 's inventory associates possess extensive knowledge of three company 's fundamental beliefs, which include respect for the individual, service to its customers and striving for the excellence. Its success in Canada has propelled into one of the significant sponsors on various issues of public

Wal-Mart Stores Inc. is the largest retail company in the United States and has been ranked number one on the Fortune 500 Index by Fortune Magazine. However despite the fact that the company is big, it has not survived or evaded the normal challenges that corporations go through, irrespective of whether private or public (David, 2012). For instance, the living wage bill of the United States resulted in Wal-Mat threatening to close down its stalls in the United States. Due to its resolution to cutting down on its employees, Wal-Mart has also been characterized by customer complaints as a result of empty shelves.

Walmart is the largest retailer in the world. Sam Walton the founder of Walmart, opened the first Walmart store in Rogers, Arkansas in 1962. Sam Walton was born in 1918 in Oklahoma. Sam Walton started of working for the famous retailer we still know today which is JC Penney. Walton then gave up his job and decided to open up his own retail store. He first purchased a franchise in Arkansas. Sam Walton began offering huge discounts on prices, he became successful due to the cheap prices made affordable for customers. Due to his success Walton owned another store in 3 years. By the year 1969, Sam Walton had owned eighteen Walmart stores. Around the late 1970s, the Walmart had added more services into their store such as a pharmacy and an auto service center. Walmart continued to grow due to small towns demanding Walmart’s locally. At the time Walmart was offering low prices, customer satisfaction guaranteed, and store hours that accommodated for the customer’s needs. Walmart opened all night, which made it easier for people who worked during the day. By 1984, there were six hundred and forty Walmart stores in the United States alone. Walmart encountered a great loss in 1992, when the founder of Walmart died Walton. Even after his death Walmart continued its growth by moving business overseas. In 1992, Walmart created its first international store which was in Mexico. Then in the year 1994, Walmart had expanded its franchise into Canada. In 1997, Walmart then began to create