Wal-Mart
Surat Sribenjachote IUP2010 01
Papawarin Limamapar IUP2010 02
A brief history of Wal-Mart store Inc.
Among the many business enterprises and organizations that changed the world, Wal-Mart holds a very important position. Wal-Mart is the largest private employer in the world with over 8000 stores in 15 countries. Here is a brief the history of Wal-Mart, Starting off with Sam Walton’s idea of low prices in the 1940s, Wal-Mart has since then become the world’s largest public corporation, topping the list of Fortune’s Global 500 for the sixth time in seven years. With headquarters in Bentonville, Arkansas, this retail giant has over 2 million employees worldwide, with 1.4 million within the United States alone, making it one of the largest private employers in the nation. The first Wal-Mart was opened in 1962 by founder Sam Walton in Rogers, Arkansas with the help of brother J.L. (Bud) Walton. A mere five years later, the company had increased to 24 stores within Arkansas and had reached up to $12.6 million in sales. By 1968 Walton opened his first stores outside of Arkansas, in Sikeston, Missouri, and Claremore, Oklahoma, and a year later in 1969 incorporated all of these ventures as Wal-Mart Stores, Inc. on October 31. In early 1990s, Wal-Mart realized that the US population represented only 4% of the world's population and confining itself to the US market would mean missing the opportunity to tap potentially vast markets elsewhere. In early 1990, globalization and liberalization opened up new markets and created opportunities for discount stores such as Wal-Mart across the world. During the first five years of its globalization initiative (1991-1995), Wal-Mart concentrated on Mexico, Canada, Argentina and Brazil, which were close to its home market. It started with Canada and Mexico due to the similarities in people's habits, culture and the business environments in these countries and also because the North American Free Trade Agreement (NAFTA) made it
Papawarin Limamapar IUP2010 02
A brief history of Wal-Mart store Inc.
Among the many business enterprises and organizations that changed the world, Wal-Mart holds a very important position. Wal-Mart is the largest private employer in the world with over 8000 stores in 15 countries. Here is a brief the history of Wal-Mart, Starting off with Sam Walton’s idea of low prices in the 1940s, Wal-Mart has since then become the world’s largest public corporation, topping the list of Fortune’s Global 500 for the sixth time in seven years. With headquarters in Bentonville, Arkansas, this retail giant has over 2 million employees worldwide, with 1.4 million within the United States alone, making it one of the largest private employers in the nation. The first Wal-Mart was opened in 1962 by founder Sam Walton in Rogers, Arkansas with the help of brother J.L. (Bud) Walton. A mere five years later, the company had increased to 24 stores within Arkansas and had reached up to $12.6 million in sales. By 1968 Walton opened his first stores outside of Arkansas, in Sikeston, Missouri, and Claremore, Oklahoma, and a year later in 1969 incorporated all of these ventures as Wal-Mart Stores, Inc. on October 31. In early 1990s, Wal-Mart realized that the US population represented only 4% of the world's population and confining itself to the US market would mean missing the opportunity to tap potentially vast markets elsewhere. In early 1990, globalization and liberalization opened up new markets and created opportunities for discount stores such as Wal-Mart across the world. During the first five years of its globalization initiative (1991-1995), Wal-Mart concentrated on Mexico, Canada, Argentina and Brazil, which were close to its home market. It started with Canada and Mexico due to the similarities in people's habits, culture and the business environments in these countries and also because the North American Free Trade Agreement (NAFTA) made it