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Walmart ? A Brief History. Walmart ? A Brief History ? In 1962 Sam Walton open
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Submitted by puttyt on May 7, 2007
Category: Business
Words: 1324 | Pages: 6
Views: 132
Popularity Rank: 60,049
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Wal-Mart stores are currently the world’s largest retail store and also the world’s largest corporation. “Wal-Mart was founded by Sam Walton in 1962, incorporated on October 31, 1969, and listed on the New Your Stock Exchange in 1972.” (Wal-Mart) Wal-Mart is not only the largest retailer in America when it comes to generic goods; they are also the largest retailer in grocery items as well. They are well known all around the world for the simple reason that they have stores in many countries around the globe. Wal-Mart is America’s largest corporation because of their great business strategies and low care for their employees.
Sam Walton had very good timing when it came to the creation of his stores, for the shear reason that Americans were buying a lot more items then when his competitors like Sears and Woolworth had their heyday. (Lichtenstein 53) He also was very smart when positioning his stores. He put them in small communities (under 5000 people) where big companies have not hit. The plan that he conquered in his stores was the “one-stop-shopping” experience. Wal-Mart put everything into one store and put them all at a discount. This became a dream come true for American families. A Minnesota woman once wrote her local paper about her experience at Wal-Mart and she said she could “come out with a cart full top and bottom for the same amount of money that would fill only a bag or two at other stores. How great that feels.” (Lichtenstein 54) Wal-Mart uses two strategies for keeping there prices low. One is that they let employees go easy when they get a better paying job somewhere else, they also are very famous for squeezing lower prices from there whole sellers. Another strategies that they use is getting tax breaks by offering to pay for a lot of the city expenses when they build there stores around their areas.
Wal-Mart is not only the major retailer in the United States, they have operations taking place in 14 other countries;...
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