Walmart : The Largest Retailer Of The United States Essay

Wal-Mart, founded by Sam Walton in 1962, is the world’s largest retailer and public corporation. It operates over 6,500 stores worldwide, employs 1.9 million associates, and serves more

“Wal-Mart is the largest private employer in the nation and the world’s largest retailer. With 1.6 million workers, 1.3 million in the United States and 300,000 offshore.” (Article #4.4 in reader). Thousands of Wal-Mart stores across the United States of America are best known for their slogan there of everyday low-prices guarantee. Wal-Mart retailers are regarded by the general American public for the place to go to find everything from fishing gear to groceries at the lowest prices. However, to obtain these low prices Wal-Mart must cut expenses, which it does across the board, including the pay and benefits to its workers in the United States. Wal- Mart 's low prices do often save the consumer money at the counter when they purchase

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

Wal-Mart 's growth in the United States’ market has sparked increasing debate about the economic impact of its expansion. As a contribution to this debate, Wal-Mart commissioned Global Insight to undertake an independent research effort to analyze this issue. The goal of this research was to independently and credibly document the national- and local-area impacts in terms of jobs, wages, prices and consumer.

With new techniques and technologies the discount department store came into being via Wal-Mart which is the most successful big-box retailer. Walmart was founded in 1962 by Sam Walton who accidentally working as a clerk in a penny store started his career in retailing. It had a tremendous effect in all communities over the United State because of its pervasive impacting presence. Walmart is a corporation with 3,400 stores in the United State, with total of 8,800 stores counting the others around the world. It produces annual revenues of $405 billion, and 1.5 million employees worldwide, 1.2 million of whom are in the United States. Walmart has improved America’s standards of living, with lower cost

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 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 has quickly become the world's largest company with its one stop shopping convenience and low prices. There is no debating that Wal-Mart is a dominating force in the American and world economy. However, there is a clash between two different views of how Wal-Mart achieved this status. The defenders of Wal-Mart say that they are so successful because they are market savvy and make good economic decisions. The other side argues that Wal-Mart only became successful by killing off all their competition with their low prices. The only thing that matters to those that like the company is that they save consumers money through their low prices, but you cannot tell this to all the owners of smaller stores that Wal-Mart has put out of

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

Sam Walton founded Wal-Mart in 1962 in Roger, Arkansas. In a little less than 10 years, Wal-Mart had 38 locations and was opening two stores per year. In 1970, the company started trading in the New York Stock Exchange. By 1979, the company announced a record $1billion sales and it became the first company to do so. Wal-Mart reached record after record during those years, and by the end of 1989, Wal-Mart reported after tax-profits of $1billlion. Wal-Mart now has become a symbol of the United States, and it is the biggest employer in the world with approximately 2.2 million workers with operations in 27 different countries. Wal-Mart’s revenue is gargantuan; they were ranked number one by Fortune Magazine in 2001, with a revenue of $219.8bn. At this point, Wal-Mart sales are around $1billlion per day.

Every year there is a fortune 500 company list produced by the staff members at Forbes Magazine and from there they are narrowed down to the Fortune 100 , 50 , as well as 10 . The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest U.S. corporations by total revenue for their respective fiscal years. The list includes public companies, along with privately held companies for which revenues are publicly available.Walmart , a Limited dliability company falls at number one beating exxon mobile which fell in number two . WALMART Wal-Mart Corporation was founded in 1962 by Sam Walton. Mr Walton had an aspiration to open a store with cheap and economical prices.He wanted to make his store affordable for the normal american on a budget .Over the years Wal-Mart continued to grow and was even put on the New York Stock Exchange list. Now Wal-Mart is the world’s largest public corporation ; owned by shareholders .The company has has topped the Fortune Global 500 list for the sixth time .During the past 22 years Walmart has managed to land a spot on the Fortune 500 list going no lower than the 50th spot. WALMART has done it again making the number one spot in the 2016 Fortune 500 list.

Walmart is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. According to the 2014 Fortune Global 500 list, Walmart is the world’s largest public corporation, the largest retailer in the world, the biggest private employer in the world with over two million employees, and also one of the world’s most valuable companies. Founded in 1962 by Sam Walton, the company now has over 11,000 stores in 27 countries, proof that Walmart has grown significantly over the last five decades.

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)

Wal-Mart, first opened in 1962 by Sam Walton in Rogers,Arkansas, has become the largest retailer in the world, with almost 10000 store locations and approximately 2 million employees worldwide. Despite the death of Sam Walton in 1992, Wal-Mart continues to be successful, reaching record annual sales of $437 billion in 2012. Each week, over 100 million customers visit a Wal-Mart store. Wal-Mart Stores have stood at #1 position on Fortune 's 500 and Global 500 lists for the year 2012 as CNN reports.

Wal-Mart is a known American multinational retail corporation that currently operates chains of large discount department stores and warehouse stores. Founded in 1962 by Sam Walton the retail corporation was broken formidable ground and has become a major threat within the community and challenges all stores around with it’s many amenities and discounted prices, a perk that benefits many low-income families within the community who may find it hard to shop and bring home the necessities they need due to other stores being too pricey based on what people call “Name Brand” clothing.