Wal Mart 's Company Overview And History

Wal-Mart was first opened in 1962 by Sam Walter as a retail store. It started out a five and dime store in Rogers, Arkansas and was called Walton’s. He opened this store with one goal in mind, to sale at the lowest prices possible, quality leadership and great customer services. He thought that his idea could change the retail industrial. Wal-Mart was built on a solid foundation that remains stable even after the death of Mr. Walton. Wal-Mart became the largest multinational retail store in America, with a grocery store and a pharmacy. There is a Wal-Mart in all fifty states and seventeen international states and has more than 2.3 million employees. This store

Wal-Mart is the world’s largest retailer, competing in the mixed retailing industry, operating over 6,000 stores in the United States and 13 International Markets, among them the UK, Mexico, and China. Wal-Mart operates under three segments: Sam’s Club, Wal-Mart stores and the international segment. There are over 1,100 discount stores in the U.S., averaging 225 associates per location. Wal-Mart’s super centers occupy over 2,000 locations in 47 US states and include extra specialty shops, such as vision centers, tire and lube, McDonalds or Subway restaurants and other such services. These super centers employ on average 350 associates per location.

Wal-Mart was founded by businessman Sam Walton in 1962 as a small retail store in Arkansas, USA. From there it has grown to become the largest retail giant in the world. Ranked by Forbes 2000 list for 2011 as the 18th largest public corporation in the world, Wal-Mart is the highest revenue generating public entity in the world as of 31st January 2011, with gross revenue of 422 billion US Dollars (Walmart Annual Report, 2011). It is also noted for being the largest private employer in the world having just over 2 million employees serving in 8500 stores, in 15 different countries, under 55 different names, worldwide. (Daniel, 2010)

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 was founded 52 years ago in Rogers, Arkansas by a man named Sam Walton. He wanted to start selling products at low prices to get higher sales. In 1945 he bought a branch, and with sales increasing to 45% within the first year, Walton’s store received $105,000, which is about $1.38 million in today’s market. Every year after that, sales were on a steady rise. In 1970, Wal-Mart had 38 stores, 1,500 employees, and sales of $44.2 million. Ten years later there were 1,000 more stores, and sales of $15.9 billion. Today their sales revenue has been $473 billion. They employ 2.2 million people worldwide, 800,000 of those employees are international

Walmart is considered the biggest retailer around the world and it all started back in 1962 when Sam Walton opened the main 'Wal-Mart Discount City' in Rogers, Arkansas. There were 24 stores with deals totaling $12.7 million by 1967, and in 1969 company officially incorporated as Wal-Mart Stores, Inc. In the 1990s, 371,000 representatives were working in their 1,928 stores. Today, there are over 2.3 million representatives working in 11,695 stores in 28 different nations around the world. Walmart additionally offers web-based business sites accessible in 11 nations also. They try to ensure the most reduced costs around which is the reason they value match and promotion coordinate against their rivals' costs. They are also is devoted to helping the earth by

Research done by Northwest community group, estimates that a Walmart store opening in a near by neighborhood, will lower the community’s economic output over 20 years by $13 million dollars. It is also estimated that the opening of the Walmart will cost the community an additional $14 million dollars in lost wages over the next 20 years. Due to Walmart’s increase in popularity along the years, Walmart became one of the world’s largest company’s by revenue, according to the Fortune Global 500 list in 2014. Following the status of being the worlds largest company by revenue, it is also the largest grocery retailer in the U.S., generating 51% of U.S. sales which is equivalent to $258 billion.

In March 2006, Wal-Mart sought to attempt to appeal to a more affluent demographic, with the opening of a new supercenter in Plano, Texas, and is intended to compete against stores that some view as more upscale and appealing, such as Target.[16] The new store features wooden floors, wider aisles, a sushi bar, a coffee/sandwich shop (with free Wi-Fi Internet access), and higher-end items such as microbrew beer, expensive wines, and high-end electronics. The exterior sports the less-common hunter green background behind the Wal-Mart letters instead of the trademark blue.

With around 5000 retail outlets worldwide, operating in more then a dozen countries and with over US$286 billion in annual sales, Wal-Mart is the top retail chain and number one fortune 500 company in the world. Wal-Mart is the top employer in the U.S. with 1.3 million employees, “the company accounts for 9 cents of every US retail dollar and sells around 20 per cent of the nation’s groceries and pharmaceuticals.” (Times News Network).

Wal-Mart shoppers are typically interested in the price of the products, and less interested in product branding. And this is a good way to save money. Wal-Mart has three top competitors, which are Kroger, Target and Costco. Retail is an economical game and staying ahead of the pack is a constant task that Wal-Mart doesn’t take lightly despite its enormous size. In the future target may not be a threat, but as for Kroger it can become a threat in the future, the company is expanding and growing rapidly. Kroger is showing an increased confidence in future growth. When it comes to Wal-Mart company performance, it is great. For the year of 2013, Wal-Mart retailer was the top ranking retailer of the year. They more than double the total revenue of their first two competitors, which are Kroger and Target. Wal-Mart total revenue was $328.7 billion, Kroger was $92.17 billion and target was $72 billion

Wal-mart was started up by a man named Sam Walton. Sam served in the military from 1942 and after his military service ended in 1945 he moved to Newport, Arkansas where he gained experience in the retail business. Sam moved to Bentonville, Arkansas and used his experience to open up Walton’s 5&10, however it was not until 1962 the Sam opened up his first Wal-mart. To date, Wal-mart has been in business for 54 years. Wal-mart has employed 2.3 million people making Wal-mart the largest private employer and a well respected company. In fact, in Fortune’s World’s Most Admired Companies list, Wal-mart ranks at the number 42 spot, and in Fortune’s 500 list, they rank at the number one spot which proves how big of giant Wal-mart really is in the retail industry. Wal-mart is a marketing intermediary in the retail industry. Wal-mart owns brands such as Sam’s Club and acts internationally under 55 names such as Best Price in India and Asda in the UK. Pharmacies, optometry, accounting and finance, asset protection, aviation, business analytics & intelligence, communications and corporate affairs, engineering, marketing, merchandising, real estate & store planning, and logistics are all career opportunities available within this firm. . Wal-mart’s net income in 2016 was 14.69 billion dollars, in 2015 it was 16.18 billion dollars, in 2014 it was 15.88 billion, and in 2013 it was 17 billion dollars.Between 2015 and 2016 Wal-mart has had a loss of 1.5 billion. In my

Founded by Sam Walton, Wal-Mart is a global discount retailer headquartered in Bentonville, a small city in Arkansas, USA. Wal-Mart is a public corporation, the largest public corporation by revenue, one of the biggest retailers in the world, and its stock is traded in several international stock exchanges. Walmart has grown over the last 50 years, nearly 260 million customers visit our more than 11,500 stores under 63 banners in 28 countries and ecommerce sites in 11 countries each week. With fiscal year 2016 revenue of $482.1 billion, Walmart employs 2.3 million associates worldwide 1.5 million in the U.S. Wal-Mart provides general merchandise: family apparel, health & beauty aids, household needs, electronics, toys, fabrics, crafts,

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

Wal-Mart Stores, Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of September 30, 2016, Walmart has 11,573 stores and clubs in 28 countries, under a total of 63 banners. At a glance, Walmart is one of the leading retail companies in the world; based in the U.S., it has more than 2 million employees in 9,750 retail units under 60 banners in 28 countries. Wal-Mart operates more than 5,300 stores, including about 4,570 Wal-Mart stores and 655 Sam 's Club warehouses, and a growing number of smaller format stores. The company 's faster growing international division (26% of sales) numbers more than 6,100 locations; Wal-Mart is the #1 retailer in Canada and Mexico and has operations in Asia (where it owns a 95% stake in Japanese retailer SEIYU), Africa, Europe, and Latin America.

Walmart’s first store was opened up in Rogers, Arkansas in 1962 by Sam Walton. Walton had owned a retail store in the previous store and decided to utilize a unique concept to achieve high sales and rise above his competitors in the town and industry. Walton reduced the prices of his products so that they were lower to those that were being offered by the competitors. By 2007, Walmart had over 3,400 retail outlets throughout the country. The store also had 1.3 million employees and had facilitated about 6.49 % of the country’s sales in retail. Walmart deals in the sale of apparel, music, groceries and some household products. In 2005, Walmart’s end of year profits had exceeded those of other retail stores combined such as Target, Costco, Home Depo, and Sears Holding Company.