Ethics
Ethical Violations of Wal-Mart
Presented by: Motivated for Success
Team Members: Timothy Bechem, Cawanna Boyce, Shakeida Caldwell, Celeste Clark, Craig Franklin and JayShiri Warner
Company Overview
Backtracking to its humble beginnings, Wal-Mart was founded by Sam Walton who opened his first store in Rogers, Arkansas at the age of 44 (1962). By 1967, the family owned 24 stores and brought in $12.7 million in sales. Wal-Mart became a household name in the year of 1969 when the company was officially incorporated as Wal-Mart Stores, Inc. By the 1980’s, over 21,000 associates were employed with 276 stores. In 1988, the first Wal-Mart Supercenter opened in Washington, Missouri. The supercenter provided customers with the ultimate shopping experience because it combined general merchandise and a full-scale supermarket which gave consumers a “one-stop shop” convenience. The flourishing of Wal-Mart continued as it expanded into Canada in 1994 with the purchase of 122 Woolco stores. Stores were also opened in China (1996). In 2000, 1.1 million associates in 3,989 stores and Sam’s Club (another retail endeavor of Sam Walton, which provides exceptional wholesale values to membership holding customers) were employed worldwide. Wal-Mart is both the largest corporation and retailer known in the world today. U.S. operations include 1,478 Wal-Mart discount stores (located in all 50 states); 1,471 Wal-Mart Supercenters, which are combined discount outlets and grocery stores (and which make Wal-Mart the country 's top food retailer); 538 Sam 's Clubs, the number two U.S. warehouse membership club chain (trailing Costco Wholesale Corporation); and 64 Wal-Mart Neighborhood Markets, smaller food and drug outlets also offering a selection of general merchandise. The international operations are astronomical as well being that one-quarter of Wal-Mart stores are located outside the United States and 18.5 percent of total revenues is
Presented by: Motivated for Success
Team Members: Timothy Bechem, Cawanna Boyce, Shakeida Caldwell, Celeste Clark, Craig Franklin and JayShiri Warner
Company Overview
Backtracking to its humble beginnings, Wal-Mart was founded by Sam Walton who opened his first store in Rogers, Arkansas at the age of 44 (1962). By 1967, the family owned 24 stores and brought in $12.7 million in sales. Wal-Mart became a household name in the year of 1969 when the company was officially incorporated as Wal-Mart Stores, Inc. By the 1980’s, over 21,000 associates were employed with 276 stores. In 1988, the first Wal-Mart Supercenter opened in Washington, Missouri. The supercenter provided customers with the ultimate shopping experience because it combined general merchandise and a full-scale supermarket which gave consumers a “one-stop shop” convenience. The flourishing of Wal-Mart continued as it expanded into Canada in 1994 with the purchase of 122 Woolco stores. Stores were also opened in China (1996). In 2000, 1.1 million associates in 3,989 stores and Sam’s Club (another retail endeavor of Sam Walton, which provides exceptional wholesale values to membership holding customers) were employed worldwide. Wal-Mart is both the largest corporation and retailer known in the world today. U.S. operations include 1,478 Wal-Mart discount stores (located in all 50 states); 1,471 Wal-Mart Supercenters, which are combined discount outlets and grocery stores (and which make Wal-Mart the country 's top food retailer); 538 Sam 's Clubs, the number two U.S. warehouse membership club chain (trailing Costco Wholesale Corporation); and 64 Wal-Mart Neighborhood Markets, smaller food and drug outlets also offering a selection of general merchandise. The international operations are astronomical as well being that one-quarter of Wal-Mart stores are located outside the United States and 18.5 percent of total revenues is
References: Ethical Issue 's Wal Mart, Favoritism. (n.d.). Retrieved from http://www.richardpublishing.com/walmart.html FBI — Walmart Pleads Guilty to Federal Environmental Crimes, Admits Civil Violations, and Will Pay More Than $81 Million. (n.d.). Retrieved from http://www.fbi.gov/sanfrancisco/press-releases/2013/walmart-pleads-guilty-to-federal-environmental-crimes-admits-civil-violations-and-will-pay-more-than-81-million The Good, the Bad, and Wal-Mart - Wal-Mart. (n.d.). Retrieved from http://www.workplacefairness.org/reports/good-bad-wal-mart/wal-mart.php USATODAY.com - Wal-Mart to face employee suit in Missouri. (n.d.). Retrieved from http://usatoday30.usatoday.com/money/companies/management/2005-11-02-walmart-employees_x.htm Wal-Mart Stores, Inc. - Company Profile, Information, Business Description, History, Background Information on Wal-Mart Stores, Inc. (n.d.). Retrieved from http://www.referenceforbusiness.com/history2/20/Wal-Mart-Stores-Inc.html Walmart Corporate - Experience Walmart 's History. (n.d.). Retrieved from http://corporate.walmart.com/our-story/history/history-timeline