Walmart : A Branch Of Walmart

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 is an American company that was founded in the year 1962 by Sam Walton. The company operates in the retail industry. Notably, the company operates various chains of stores in the entire world which has made the venture a big success in the retail industry. The efficiency and the effectiveness of the company’s operations have seen it ranked the second largest public company in the world (Copeland & Labuski, 2013). The company has over two million workers which makes the leading private corporation employer in the world. Notably, despite the fact that the company is traded publicly, Wal-Mart is more of a family company since Walton’s family still controls over fifty percent of the company’s shares. The company has expanded its business through venturing into external markets such as China, the United Kingdom, North Korea, South Korea, North America, and so forth. However, these markets have produced mixed results in terms of the level of success and profitability. For instance, the German market and the South Korean markets have turned out to be less favorable for the company.

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.

The Organization that we selected as our topic of discussion in our Project Paper is the Wal-Mart Corporation. Sam Walton is the founder of Wal-Mart. He opened his first store called Wal-Mart Discount City in Rogers, Arkansas in July of 1962. Their corporate office is currently located in Bentonville, Arkansas. Wal-Mart Stores Inc. incorporated its stores on October 31, 1969. In 1972, they started selling stock on the New York Stock exchange. Although, though the company has had controversial operational business practices they have grown to be the largest Retail Corporations in the world. In 1997,

Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. Wal-Mart controls over 11,500 stores in 28 countries around the world. It was founded in 1962 by Sam Walton. Walmart’s CEO is Doug McMillon and the Chairperson of Board of Directors is Greg Penner. Walmart as we know it today evolved from Sam Walton’s goals for great value and great customer service. He

Wal-Mart is the largest retailer in the world. The position Wal-Mart holds gives the company a large responsibility to contribute to the community that supports the stores. As an organization Wal-Mart owes its success to the stake holders of their business. Wal-Mart requires the community to continue business operations, Trevino and Nelson state that “a major stakeholder in business must be the communities of which corporations and other organizations are a part” (2011). Wal-Mart must consider the community happiness with their business decisions to remain profitable.

Wal-Mart has a very low pay scale the average “Wal-Mart associate makes only $8.81per hour” according to a study published by Forbes News Article, (Ungar 2013). Wal-Mart’s full-time employee schedule is considered to be 34 hours per week with a salary of 15 thousand dollars per year average. Employees that work full time at Wal-Mart still live below the

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 an American business, retail organization that controls a chain of discount department stores and warehouse stores known for their (EDLP) “Every Day Low Prices” strategies. Walmart was founded by Sam Walton in 1962 and united on October 31, 1969 as Walmart Stores, Inc. The company head office is located in Bentonville; AR. Mainly my perception of Walmart is that it was primarily created to improve the lives of their customers by obtaining low prices and allowing their communities to save money. Walmart begins public trading in 1972 on the New York Stock Exchange. From 1972 to 1980 with nonstop progression Walmart was operating in 15 states with 280 stores.

According to Bloomberg, the current Chief Executive Officer (CEO) at Walmart is Michael Terry Duke. Mr. Duke has been the CEO at Wal-Mart Stores Inc. since 2006 (2011). And Bloomberg also reports that Charles M. Holley Jr. is the current Chief Financial Officer of Walmart and has held that position since late 2010. Mr. Holley’s education background consists of a MBA from the University of Houston. His financial experience is quite extensive and he has been working within the Wal-Mart Stores Inc. finance scene since 1999. Before that he started working for Walmart he was with Ernst & Young for over ten years (2011).

The company that is listed as number one on the Fortune 500 list is Wal-Mart. This company has much strength that makes it very interesting for investment. Wal-Mart was founded by Sam Walton in the 1950’s and faced competition among many regional discount stores. In 1962 Wal-Mart officially began with its first store in Rogers, Arkansas. Wal-Mart now has over 600 discount stores in the United States and stores located in 28 countries. No matter the size of the company its purpose has not changed over the years. Mr. Sam Walton said, “If we work together, we’ll lower the cost of living for everyone... we’ll give the world an opportunity to see what it’s like to save and have a better

Wal-Mart, the big giant, the place where a lot of people usually do their shopping for the low prices and the variety of products were founded by Sam Walton. Walton was an entrepreneur with an innovative vision started his own company and made it into the leader in discount retailing that it is today. In fact, Wal-Mart is considered to be the biggest company in the U.S. and it has stores worldwide. According to PBS, “Wal-Mart employs more people than any other company in the United States outside of the Federal government, yet the majority of its employees with children live below the poverty line.”(www.pbs.org) In addition, Wal-Mart likes to portray itself as a seller of U.S. manufactured goods

Walmart is a multinational retail company that runs a network of more than 11,000 discount retail stores as well as warehouse stores distributed in more than 27 countries. Its headquarters are located in Bentonville, United. It ranks as the world’s leading private employer with over 2.2 million employees serving in different countries’ retail stores. Walmart operates as a family owned organization that is managed by the Walton family. The Walton siblings own more than 50% of this company through managing the Walton Enterprises as well as through individual holdings (Charles, 2014).

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’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.