WALMART CASE STUDY Wal-Mart is an American multinational retailer store that runs largest chain of discount department stores and warehouses. Wal-Mart was found in 1962 by Sam Walton in America. After its great success in America and other countries Wal-Mart decided to introduce itself in Germany by 1997. Wal-Mart failed to do business in Germany because the strategies and plans it used in America failed to work in Germany as the requirements of people and business differ from that in America.
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Wal-Mart is an American public corporation that runs a chain of large discount department stores. Wal-Mart is the larges public corporation by revenue according to the Fortune Global 500. The company was founded by Sam Walton in 1962 and to this date‚ Wal-Mart employs approximately 2.1 million people. Now‚ somewhere down the line you might be wondering why I am not referring to Wal-Mart as an oligopoly. Wal-Mart is indeed an oligopoly because there are only a few firms in the United States that dominate
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potential………………………………………………………………………… 11 Conclusion………………………………………………………………………………………………. 12 The Beginning of Walmart Logistic Wal-Mart as we all know it‚ it is an American multination corporation that operation in a largest chain discount stores in the world. Sam Walton‚ the successful business man from Arkansas began his retail store in 1940‚ worked at J.C. Penney and later on started a small retail chain store called “Ben Franklin”. It wasn’t till 1962; Mr. Walton opened the first Walmart store. In the beginning
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In the case of “Staffing Wal-Mart Stores‚ Inc” the greatest issue seems to be that of diversity. Numerous lawsuits surfaced against the Wal-Mart corporation with allegations of gender discrimination. One symptom that may have been overlooked was the fact that while Wal-Mart’s employment figure had increased by 50 percent in a span of five years‚ the percentage of women the company employed had actually decreased by three percent. Another issue‚ particularly prior to 1998‚ was that higher-level
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Company Information Sam Walton opened their first Walmart store since July 2‚ 1962. “People think we got big by putting big stores in small towns. Really‚ we got big by replacing inventory with information.” They opened their first store in Rogers‚ Arkansas. By 1967 they owned 24 stores and bringing in $12.7 million in sales. By 1970 Walmart went national. They also became a publicly trading company. In 1980’s the first Sam’s Club opened and the first Walmart Supercenter opened as well. It combines
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an international scale. Wal-Mart is an example of globalization due to the fact that Wal-Mart is present in multiple countries and it unites foreign countries with jobs. Sam Walton founder of Wal-Mart was born in 1918 in Kingfisher‚ Oklahoma. Mr. Walton opened the first Wal-Mart in 1962 at the age of 44 in Rogers‚ Arkansas. Sam Walton died in 1992. Mr. Walton left many objects and knowledge behind; one thing was this quote "If we work together‚ we’ll lower the cost of living for everyone‚ we’ll give
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Wal-Mart Stores History Sam Walton founded Walmart in 1962. He was a businessman who started working in retail in 1940 at a J.C. Penney store in Des Moines‚ Iowa. In 1945‚ he ran a retail store in Newport‚ Arkansas‚ part of a chain of variety stores named Ben Franklin. Instead of renewing his lease‚ however‚ he decided to open a new Ben Franklin franchise in Bentonville‚ Arkansas and called it “Walton’s Five and Dime.” He succeeded by selling at a discount. Walmart’s purpose best exemplifies what
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beginning of a decade of growth and domination for the Walmart franchise‚ and by 1979 Walton had opened a distribution center‚ been included in the New York Stock Exchange‚ and established the Walmart Foundation; however‚ this was just the beginning for Sam and the Walmart corporation. In the year 1983‚ the first Sam’s Club was opened. Sam’s Club‚ a retailer that specializes in wholesale‚ was created by Walton to provide other small business owners with an opportunity to purchase inexpensive merchandise
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the world and 1.3 million in the United States alone (www.corporate.walmart.com‚ n. d.). In 2013‚ Wal-Mart ranked number one in the fortune 500 list with revenue of $469‚162‚000‚ according to www.financials.morningstar.com (n. d.). On July 2‚ 1962‚ Sam Walton opened the first Walmart store in Rodgers‚ Arkansas
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manufacturers‚ wages and jobs‚ the culture of shopping‚ the shape of our communities‚ and the environment; a global force of unprecedented nature. (C. Fishman. Wal-Mart effect) Wal-Mart the superstore chain had first evolved over 30 years ago by its creator Sam Walton. Back then it was an idea to develop a one stop store where consumers can purchase all their needs in one store. It has since then‚ grown into one of the largest retailers ever imagined. It affects local and global economies in the sense that
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