Walmart's Business Sustainability Strategy

In 1950, Sam Walton purchased a store and opened Walton’s 5 & 10 in Bentonville, Arkansas. This later became the home office of the now multi-billion dollar company. As business became more successful, Walton opened more stores and renamed the chain “Wal-mart.” Now, Walmart has stores all around the globe, with 5,229 stores in the US alone. It is considered the largest retail company in the world.

Walmart Corporation was open in 1962 by Sam Walton. The first Walmart was open in Roger, Arkansas to save money or better people life and live a better. Walmart has over 8,800 stores sites in 15 countries with 2.2million employees worldwide. Bentonville, Arkansas has the headquarters and distribution center of Walmart. The discount departs stores are known as the original stores.

The Wal-Mart company was established on July 2, 1962 in Rogers, Arkansas (History Timeline). The company was based on the vision of Sam Walton, who believed in giving his customers the lowest prices, anytime, anywhere. By 1967 the Walton family owned 27 different stores, and in 1969 they officially incorporated, becoming Wal-Mart Stores, Inc. Just a year later in 1970 Wal-Mart went National, proving the wide spread appeal of Sam Walton's beliefs (History). This same year Wal-Mart became a publicly traded company, with its first shares priced at 16.50. A short year later the company was listed in The New York Stock Exchange (History Timeline). The 80's were a major success for this company. In 1983 the first Sams Club opened, this was and still is a store that sells product in bulk to small businesses and individuals. In 1988 the first Wal-Mart Super center opened. The Super center combined a full scale supermarket with general merchandise to create one stop shopping convenience (History). In 1992 the company suffered a hard hit when Sam Walton passed away at the age of 74. Although they lost the man at the heart of the company they were determined to carry on with his vision, and so they did. In 1996 they opened their first stores in China (History Timeline). By 2002 they reach the top of the Fortune 500 ranking of Americas largest companies. In 2012 Wal-Mart celebrated 50 successful years of business. Today the company employs 2.2 million associates worldwide and serves

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.

With advanced technology comes the globalization and moving businesses to third world countries from U.S. This movement caused the rate of unemployment to rise and people see themselves in struggle to take care of their families. These issue are the complex of corporations in America. After seeing the movie (The Corporation) based on the book written by Canadian Professor Joel Bakan, we see that corporations are institutions that creates great wealth and profit but in the other hand causes enormous and hidden harm to people. Corporation cannot be imprisoned for criminal activities. Corporations are not humans they are designed by law to be concerned only for their stockholders. This is the issues that we see in our modern society the rich

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,

Walmart stores Inc., started as a small discount store that grew into about 11,695 stores worldwide (Kamboj, & Kalia, 2011). Currently the store is the world’s largest commercial employer, and the second-largest employer in the world behind the Chinese military (Kamboj, & Kalia, 2011). Founded in 1962 by Sam Walton, the company is headquartered in Bentonville, Arkansas (Kamboj, & Kalia, 2011). In 2014, the firm recorded204.75 billion dollars in total assets and 485.65 billion dollars in revenue (Kamboj, & Kalia,

Starting out with a single store in Bentonville, Arkansas, Wal-Mart has not stopped expanding. The First Wal-Mart store was opened in 1962 by a Mr. Sam Walton. He opened the store with one intention: sell products people need at the lowest price available. Wal-Mart has since blown up into a globally known and used corporation. Currently, more than fifty percent of all Americans live within five miles of a Wal-Mart store, which is less than a ten mile drive away. Ninety percent of Americans live within fifteen miles of a Wal-Mart. (Fishman, 2006). Wal-Mart is bordering on 9000 locations worldwide including operations in Mexico, United Kingdom, Japan, and India.

Wal-Mart is sitting at number one on the Global Fortune 500 list. Sam Walton would never have thought that his creation of Wal-Mart in 1962 would lead to a global dynasty. By 1972 Wal-Mart went public which gave an infusion of money and capital for Mr. Walton that gave them 276 stores by 1980. In the mid 80's Wal-Mart expanded to having member only warehouse stores, Sam's Club. From there Wal-Mart opened supercenters that included full grocery and 36 departments of regular merchandise. By the end of the 1980's there were 1,402 stores and 123 Sam's Clubs (Wal-Mart corporate 2012).

Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the

When Sam Walton founded the first Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unheard of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new retailing concepts, and were convinced that it was the wave of the future. With Walton's vision, Wal-Mart grew to be a multi-billion dollar, international company, operating about 4,600 stores around the world.

Due to increasing environmental imbalances, it is necessary for firms to achieve competitive advantages in the area of environmental convergence as well. Wal-Mart is putting continuous efforts from a long time for environment sustainability and energy conservation. It also received Aspen Institute Energy and Environment award for Corporate Energy Efficiency in 2009. Here are a few steps that Wal-Mart has taken to encourage environmental sustainability:

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 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.