Preview

Wal-Mart a Fortune 500 Company

Good Essays
Open Document
Open Document
1814 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Wal-Mart a Fortune 500 Company
The Fortune 500 was established in 1955. Fortune 500 is a list of the 500 largest companies in the United States as compiled by FORTUNE Magazine. This list is compiled by using recent figures for revenue and includes both public and private companies with publicly available revenue data. (investopia.com) The Fortune 500 companies are ranked by the amount of revenue that they are bringing in on a yearly basis. While many feel that many of those businesses are operated by men, the Fortune 500 currently released and let it be known that there are 21 women CEO’s in the Fortune 500 category. (Management.Fortune)
WAL-MARTS HISTORY According the Fortune 500, 2013 list Wal-Mart holds the number ranking. In 2012, Wal-Mart was ranking number 2. Wal-Mart is a well-known company that was established in 1962 by Sam Walton the Rogers, Arkansas. Wal-Mart’s mission was to offer great customer service along with low prices. In the 1980’s Wal-Mart created many mile stones. In the 1980’s Wal-Mart open their first Sam Club, the first Wal-Mart Super center was opened, they reached $1 billion in annual sales faster than any other company. Wal-Mart opened 276 stores and had 21,000 employees; they replaced the original cash registers with computerized point-of-sale systems. In the 1990’s Wal-Mart continued to evolved. Wal-Mart became the Nations number 1 retailer; Super Wal-Mart went international. Wal-Mart conducted a joint venture with Cifa and opened a retail company they went global and opened a Sam’s Club in Mexico City. Later on in the year Wal-Mart employed 371,000 associates in 1,928 stores and clubs. They opened their first store in China, expanded to Canada purchasing 122 Woolco stores. Wal-Mart also introduces the Neighborhood Market in Arkansas and opens 3 stores. In the year 200 and later Wal-Mart entered a New Millennium. Wal-Mart offered the ultimate shopping experience online, in stores and on mobile phones. In 2000, they employed over 1.1 million employees in 3,989
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Mgt/521 Management
    • 916 Words
    • 4 Pages

    Mgt/521 Management

    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 life.”(1)…

    • 916 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Wal-Mart: Destroying American Culture and Environment
    • 862 Words
    • 4 Pages

    Wal-Mart: Destroying American Culture and Environment

    "Wal-Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,700 facilities in the United States and more than 2,400 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea, and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide." (Walmartfacts.com)…

    • 862 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Wal-Mart Fortune 500 Company
    • 1643 Words
    • 7 Pages

    Wal-Mart Fortune 500 Company

    Wal-Mart is the largest corporation by revenue, according to the 2010, Fortune Global 500. Of course the current economic conditions are affecting Wall-Mart, so the best way to respond is by having a strategy. In this case, the goal of the strategy is to maximize future revenues for Wal-Mart. The mixed result provided by the economic indicators point out that is really important that Wal-Mart keeps at the top of their principles the Every Day Low Price. The US nation is dealing with high unemployment and people are trying to drop their household debts. This means that Wal-Mart needs to keep taking actions in order to reduce costs that can lead to translate to the final price and then maximize their revenues. Consumers also want to maximize their spending. When Americans are dealing with economic pressures, those pressures influence the consumer behavior. The best retail prices and a strong customer relationship will help boost their sales. In addition, Wal-Mart needs to continue being a head in implementing new technologies that in fact can be translated in reducing costs will enhance the whole strategy.…

    • 1643 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Walmart
    • 6499 Words
    • 26 Pages

    Walmart

    The first Wal-Mart store was opened in Rogers Arkansas in the Year 1962. From Wal-Mart’s company website a common misconception people have in regards to discount retailing is put to rest. That being this was the year it all started, When Kmart, Target, and Wal-Mart first opened. In actuality however, the chain of variety stores Sam Walton owned during the 1950’s faced stiff competition for many regional discount stores. In 1972, Wal-Mart stock was offered for the first time on the New York Stock Exchange. With this infusion of capital, the company grew to 276 stores in 11 states by the end of the decade. Also from the company’s official website, it is important to note that in 1983 the first Sam’s Club members-warehouse store opened. The first Supercenter opened in 1988, featuring a complete grocery, and 36 departments of general merchandise. By 1989, there were 1,402 Wal-Mart stores and 123 Sam’s Club locations. Employment had increased tenfold. Sales had grown from $1 billion in 1980, to $26 billion. Wal-Mart’s company website states that Today, 7,262 stores and club locations in 14 markets employ more than 1.9 million associates,…

    • 6499 Words
    • 26 Pages
    Powerful Essays
    Read More
  • Good Essays

    Wal-Mart Research Paper
    • 700 Words
    • 3 Pages

    Wal-Mart Research Paper

    In the first year of operation, sales at Wal-Mart stores were US $975,000. Ten years later, when the company was listed on the New York Stock Exchange in 1972, revenues had reached US $78million. The public listing provided the company with the resources to finance a more rapid expansion, and by 1979 sales had surpassed US $1 billion. The unbelievable growth was unstoppable. In 1990, the company topped the list of major retailers in the US. And five years later, Wal-Mart stores could be found in all 50 American states, in Mexico and Canada. In 2002 it became the world’s largest company in terms of sales. On January 31st 2005, Wal-Mart Stores reported net sales of US $285 billion, and had a presence in nine countries with 5,289 stores and 1.6 million employees worldwide. Wal-Mart offered multiple store purchasing options that included discount stores, supercentres, warehouse stores and neighborhood markets. Wal-Mart not only the largest company in the world, but also the most admired company in the US according to Fortune magazine. (Farhoomand, 2005)…

    • 700 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Comparison Of Wal-Mart And Target Corporation
    • 2257 Words
    • 10 Pages

    Comparison Of Wal-Mart And Target Corporation

    Wal-Mart is a multinational retail corporation that was founded by Sam Walton in 1962 in Rogers, Arkansas. It operates in various chains of large discount departmental stores and warehouse stores. Wal-Mart operates in three segments: Wal-Mart U.S., online retail operations, walmart.com; and Wal-Mart International which includes several formats of retail stores, restaurants, wholesale clubs, including Sam 's Clubs. Wal-Mart’s segments have business in six merchandise units: grocery, electronics, pharmacy, stationery, apparel and furniture’s. The unique aspect of this company is that the segment also provides financial services and related products, including money orders, prepaid cards and wire transfers. Today, Wal-Mart still remains a family owned business and is the biggest private employer in the world. Its top competitor include: target, Kmart, Costco, and BJ’S Wholesale…

    • 2257 Words
    • 10 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    Who Is Sam Walton?
    • 105 Words
    • 1 Page

    Who Is Sam Walton?

    It all began with Sam Walton. In summary, envisioned with the ideas “of offering lower prices and great service” Sam opened Walton’s nickel-and-dime variety store in rural Bentonville, Arkansas in 1950; by 1960, he owned 15 stores (“Our History”). Seeking more profits, Walton then took up a new strategy: build big stores in small towns, discount everything, and sell in high volume (“Sam Walton”); thereafter, he opened his first Wal-Mart store in 1962 (“Our History”). By 1992 – after taking the company public in 1970 – Wal-mart achieved one of its missions: it became the number one retailer in the U.S., operating in 1,928 stores.…

    • 105 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Overview of the organization of Wal-Mart and goals. Are theses effective goals? How should they plan to achieve those goals?
    • 641 Words
    • 3 Pages

    Overview of the organization of Wal-Mart and goals. Are theses effective goals? How should they plan to achieve those goals?

    Today, one of the most common places known to everyone (Except Paris Hilton) is Wal-Mart. Last year, Wal-Mart had revenues of $191 billion and has 1,283,000 employees, as of 2002. Wal-Mart is the largest retail store in the United States, and is larger than any other retail chain in the world. Currently Wal-Mart operates over 4,150 retail facilities globally. According to the Fortune 500 index of the wealthiest and most powerful corporations in the world, Wal-Mart holds the number one spot, ranked by its total sales. The company is ranked as the second most admired company in the world by Fortune (www.fortune.com). With all these numbers, you would think they had a long drawn out plan with goals as long as their success, but when Sam Walton created Wal-Mart in 1962, he declared that three policy goals would define his business: respect for the individual, service to customers, and striving for excellence (www.walmart.com). Three very short, but successful goals, which have been working since.…

    • 641 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Labor Laws and Unions
    • 778 Words
    • 4 Pages

    Labor Laws and Unions

    Walmart begins in 1962 along with other retail stores such as Kmart and Target. Walmart has a humble beginning, with its owner Sam Walton put up 95 percent of their money to open the first Walmart stores in Rogers, Arkansas. Walmart finally goes public ten years later in 1972 which brings more capital to the organization. Walmart starts booming in the 1980s, where in the period of 10 years, sales grow from $ 1 billion in 1980s to $26 billion in 1989. In 21st century, Walmart is serving more than 176 million customers a year (Walmart Corporate, 2011). Throughout these years, Walmart as an organization never belong to a union despite many organizations suggested them to be unionized.…

    • 778 Words
    • 4 Pages
    Better Essays
    Read More
  • Powerful Essays

    Why Is Walmart Good Or Bad For Consumers
    • 1528 Words
    • 7 Pages

    Why Is Walmart Good Or Bad For Consumers

    Wal-Mart Inc is regarded as the universally leading retail outlet with over a million workers. Ever since its incorporation in the fiscal 1945 under Walton Sam tenure, Wal-Mart has been the leading private corporation having 3,372 stores and generating revenues equivalent to $220 billions…

    • 1528 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Best Essays

    Why Wal-Mart Is Bad for America
    • 3172 Words
    • 13 Pages

    Why Wal-Mart Is Bad for America

    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.…

    • 3172 Words
    • 13 Pages
    Best Essays
    Read More
  • Good Essays

    Wal-Mart: The Wealth Of The Nations
    • 781 Words
    • 4 Pages

    Wal-Mart: The Wealth Of The Nations

    Wal-Mart’s exponential buying power is forcing smaller, local rivals out of business and is driving factories out of America. This results in job loss and the destruction of established business communities stunting the economic development of the retail sector. According to Smith’s “Inquiry into the Nature and Causes of the Wealth of the Nations” (1776), free competition is the only regulator that allows the individual’s pursuit of self interest to be directed towards the total benefit of society (Invisible Hand Concept) and rules out vicious profiteers. To accomplish this Smith believed in a free market system, a Laissez-Faire governmental leadership style and the removal of traditional restraints on the sale of goods and wages to allow everyone…

    • 781 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Walmart History Essay
    • 1951 Words
    • 8 Pages

    Walmart History Essay

    Wal-Mart Stores, Inc. is an international discount department store chain operating in many towns and cities in multiple countries. Wal-Mart’s founder, Samuel Walton, “decided that small-town populations would welcome, and make profitable, large discount shopping stores” (Healy 493).Therefore, he started to build the largest discount department stores and opened the first Wal-Mart discount store in Rogers, Arkansas in 1962 (Healy 493). Wal-Mart sells many different kinds of products, such as clothes, food, books, furniture, and many more. Wal-Mart has been growing very fast. “In 1979, there were 276 Wal-Mart stores in 11 states. Sales had gone from $44 million in 1970 to $1.25 billion in 1979. Wal-Mart became the fastest…

    • 1951 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Best Essays

    Wal-Mart Seafood Supply Chain Case Study
    • 3658 Words
    • 15 Pages

    Wal-Mart Seafood Supply Chain Case Study

    According to (Anon, 2012) Wal-Mart Stores Inc. is an U.S based multinational retailer that runs chain of large discounted departmental stores & warehouse store and was founded by Sam Walton in 1962 and it was labeled Walmart in 2000. It’s headquarter is located in Bentonville, Arkansas. In the former year (2011) it generated revenue of US$ 421.849 billion. It has around 8500 stores in 15 countries, under 55 different names. It operates as Walmex in Mexico, Asda in United Kingdom, Seiyu in Japan, Sam’s Club in North America, Walmart itself in U.S.A & in India as Best Price. Walmart is also the world’s largest private employer with above 2 million employees & also the biggest retailer in the whole world.…

    • 3658 Words
    • 15 Pages
    Best Essays
    Read More
  • Powerful Essays

    Walmart History
    • 3732 Words
    • 15 Pages

    Walmart History

    Wal-Mart is one of the largest retail markets in the world and continues to increase its revenue because of its products and services that are provided. I have to admit Wal-Mart has made a lot of money from me because it's my one stop supermarket. I can go to Wal-Mart and find just about any and everything I'm looking for which makes my shopping experience just that much more supreme. Let me share some of the businesses history with you and its timeline. The very first store to open was in Rogers, Arkansas in 1962 its founder was Sam Walton. In 1970 Wal-Mart opened its first distribution center and home office in Bentonville, Ark.1972 Wal-Mart was approved and listed on the New York Stock Exchange.1983 First SAM'S CLUB opened in April in Midwest…

    • 3732 Words
    • 15 Pages
    Powerful Essays
    Read More