Wal Mart : The World 's Largest

Wal-Mart is the biggest private employer in the United States. Wal-Mart is legendary for its focus on its supply chain and logistics. In 1970 Wal-Mart opened its first distribution center and in 1975 the first inventory computer was introduced.

A store that will provide everything a customer needed. With this vision, Sam and his wife Helen put up 95 percent of the money to build the first Walmart store in Rogers, Arkansas. Then they started making more profit because they were not only selling groceries but many other goods such as jewelry, toys, automotive products, clothes, and many other things. Over the years, Walmart started gaining customers and gaining respect in the community (“History”). In 1991, Walmart started business in Mexico City and this became the movement to create Walmart International. The company operates under its own name in the United States but the stores are created with different styles and formats to fit with the local customer needs and desires. In some countries, the name Walmart is changed to fit with the locals such as Walmex in Mexico, United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price. More than 90 percent of the international stores operated under a different name than Walmart. Nevertheless, the goal and purpose of each of the store remains the same: “Save people money, so they can live better.” Today, Walmart International has 5,366 stores and about 740,000 associates in 27 different countries excluding United States. Some of the countries Walmart International operates in are Argentina, China, Honduras, Nicaragua, Brazil, Cost Rica, India, United Kingdom, Canada, El Salvador, Japan, Chile,

Wal-Mart is one of the most successful retailers in the world (Wal-Mart corporate 2012). Currently, there

Wal-Mart is widely recognized as one of the leading discount variety store chains. It is the nations largest discount department store chain, and also one of the largest discounters in the nation in terms of sales dollars.

The first Walmart was opened on July 2, 1962 in Rogers Arkansas. It was the visionary work of Sam Walton. In 1967 Waltons family already owned 24 stores and had 12.7 million dollars on sales. By 1980 Walmart had already had 276 stores and employed 21,000. In 1992 Sam Walton said the company 's mission which was to save people money so they can live better. In 1993 walmart celebrated its first one billion sales for a week. In 2000 customers were allowed to shop online. By 2002 wal-mart had passed the 500 largest American companies. Walmart has spread to 27 different countries outside the United States. Now Walmart is the nation 's largest business in the world. It employs 1.4 million people with 5,239 locations within the United States locations. Walmart has had questionable ethical business practises in there stores.

Wal-Mart Stores, Inc. is the number one retailer in the world. They are dedicated to low prices, great customer service and contributing to the community. Let me take a few minutes to take you through the time-line of how Wal-Mart grew to be the corporation it is today.

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.

Walmart, the largest retailer in the United States, was founded by Sam Walton in 1962 (Malhotra, 2016). The headquters is located in Arkansas. Walmart is the third largest ecommerce company, just behind Amazon and Apple (Malhotra, 2016). Walmart has more than 11,000 stores in over 27 countries and has 2.3 million employees all over the world (“Company Facts”, n.d. & Malhotra, 2016). More than half of these employees (1.4 million) worked in the United States (“Company Facts”, n.d. & Malhotra, 2016). Walmart promoted more than 200,000 job opportunities in the United States (“Company Facts”, n.d.). According to the Walmart’s annual report, the company has $482.1 billion total revenue by January 2016 (“Company Facts”, n.d.). The current president and CEO is Doug McMillon (“Company Facts”, n.d.). Greg Penner is the chairman of the Board of Directors (“Company Facts”, n.d.).

In July 2015, Amazon.com surpassed Wal-Mart Stores Inc. as the world 's biggest retailer. The company, incorporated on May 28, 1996, is an e-commerce company. The company began as an online bookstore but now offers a large range of products and services through its websites. Amazon’s products include merchandise and content that the company purchases for resale from vendors and those offered by third-party sellers. The company through its Websites offers products under various categories, including instant videos, digital music, Appstore for Android, Amazon Cloud Drive, Kindle E-readers and books, FIRE tablets, FIRE TV, FIRE phone, books and audible, movies, music and games, and a wide variety of consumer goods. The company offers its own products as well as third-party products across various categories, through its retail websites and through its mobile websites and applications. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones.

Wal-Mart is the biggest American MNC which has chains of largest discount departmental stores and also the warehouses. The company is also known as the world’s third largest public corporation according to the Fortune Global 500 annual list in 2012. It employs close to 2 million employees and it also has the credit that this is the biggest private corporate giant. Wal-Mart is still a family owned company and it belongs to the family of Walton and they actually own 48% of the Wal-Mart business.

Wal-Mart is a world-wide active American retail trade company and currently the largest retail company in the world. Beginning in 1962, Wal-Mart has made the transition from a small firm in Arkansas to the largest employer with 3, 800 store units in the United States with record revenues today. But nevertheless, since Wal-Mart launched its online branch, it had to suffer from substantial setbacks from competitors such as Amazon.com or Ebay.

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 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. helps individuals around the globe spare cash and live better - at whatever time and anyplace - in retail locations, online and through their cell phones. Every week, more than 245 million clients and individuals visit our almost 11,000 stores under 65 flags in 28 nations and e-trade sites in 11 nations. With financial year 2015 net offers of $482.2 billion, Wal-Mart utilizes 2.2 million partners around the world. (Wal-Mart Corporate) Wal-Mart is a superpower in the business world and has been that way for 50+ years. Understanding how it got to this point and how it has maintained its successful business model starts with its

Wal-Mart is the most successful business year after year and that is because it is the largest retailer in the world and also leads in sales. Wal-Mart employs over 2 million employees and serves over 176 million customers each year. The organization is a perfect example of how successful a focused and driven entrepreneur really can be. The company was started by one man with a dream and has overcome the changes in trends and times and the challenging economic conditions.