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    Walmart Stores was founded in 1962 in Rogers, Arkansas by Sam Walton. It is now the world's largest company by revenue and largest private employer in the United States. Walmart operates retail stores and Sam's Club membership warehouses worldwide, with over 2 million employees. Its stores sell a variety of general merchandise at low prices under various banners around the world. Walmart continues to focus on improving its supercenter format and expanding internationally, particularly in growth markets like China and Brazil.

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    Retail

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    ajinkyadarne
    102 views9 pages
    Walmart Stores was founded in 1962 in Rogers, Arkansas by Sam Walton. It is now the world's largest company by revenue and largest private employer in the United States. Walmart operates retail stores and Sam's Club membership warehouses worldwide, with over 2 million employees. Its stores sell a variety of general merchandise at low prices under various banners around the world. Walmart continues to focus on improving its supercenter format and expanding internationally, particularly in growth markets like China and Brazil.

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    Walmart Stores was founded in 1962 in Rogers, Arkansas by Sam Walton. It is now the world's largest company by revenue and largest private employer in the United States. Walmart operates retail stores and Sam's Club membership warehouses worldwide, with over 2 million employees. Its stores sell a variety of general merchandise at low prices under various banners around the world. Walmart continues to focus on improving its supercenter format and expanding internationally, particularly in growth markets like China and Brazil.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    102 views9 pages

    Retail

    Uploaded by

    ajinkyadarne
    Walmart Stores was founded in 1962 in Rogers, Arkansas by Sam Walton. It is now the world's largest company by revenue and largest private employer in the United States. Walmart operates retail stores and Sam's Club membership warehouses worldwide, with over 2 million employees. Its stores sell a variety of general merchandise at low prices under various banners around the world. Walmart continues to focus on improving its supercenter format and expanding internationally, particularly in growth markets like China and Brazil.

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    of 9

    Walmart Stores

    By Saira Shaikh 143


    Snehal Shedge 146
    Fact File
     Type: Public
     Industry: Retail
     Founded: Rogers, Arkansas, U.S (1962)
     Founder: Sam Walton
     Headquarters: Bentonville, U.S
     Area Served: Worldwide
     Products: Discount Stores, Super centers, Neighborhood markets
     Key people: Mike Duke (CEO), H.Lee Scot (BOD),S Walton (Chairman)
     Employees :approx. 2,100,000 (2009)
     Website www.walmartstores.com
     Revenue US$ 408.21 billion (2009)
    Big Idea
     Sam Walton, a businessman from Arkansas, began his retail
    career at a store in Des Moines, Iowa
     In 1945, he met Butler Brothers, a regional retailer that owned
    a chain of variety stores called Ben Franklin and they offered
    him one job in Newport, Arkansas.
     Walton was extremely successful in running the store in
    Newport.
     The lease came up for renewal, Walton could neither come to
    agreement on the existing store's lease renewal nor find a new
    location in Newport. Instead, he opened a new Ben Franklin
    franchise in Bentonville, Arkansas, but called it "Walton's
    Five and Dime." There, he achieved higher sales volume by
    marking up slightly less than most competitors.
     On July 2, 1962, Walton opened the first Wal-Mart Discount
    City store located at 719 Walnut Ave. in Rogers, Arkansas
    Current Status
     Walmart Stores is an American public corporation that runs a chain of
    large discount department stores and a chain of membership required
    warehouse stores.
     In 2010 it was the world's largest public corporation by revenue, according
    to the Forbes Global 2000
     The company was incorporated on October 31, 1969, and publicly traded
    on the New York Stock Exchange in 1972. Wal-Mart is the largest majority
    private employer and the largest grocery retailer in the United States.
     Owns and operates the Sam's Club retail warehouses in North America.
     Wal-Mart operates under its own name in the United States, including the
    50 states and Puerto Rico. Wal-Mart operates in Mexico as Walmex, in the
    United Kingdom as Asda ("Asda Wal-Mart" in some branches), in Japan as
    Seiyu, and in India as Best Price.
     Wholly-owned operations in Argentina, Brazil, and Canada. Wal-Mart's
    investments outside North America have had mixed results; its operations
    in the United Kingdom, South America and China are highly successful,
    while it was forced to pull out of Germany and South Korea when ventures
    there were unsuccessful
    Operations

    • Wal-Mart's operations are organized into three divisions:


    • Wal-Mart Stores U.S., Sam's Club, and Wal-Mart International.

    • The company does business in nine different retail formats:


    supercenters, food and drugs, general merchandise stores, bodegas
    (small markets), cash and carry stores, membership warehouse
    clubs, apparel stores, soft discount stores and restaurants.
    Cont’d
    Private label brands
     About 40% of products sold in Wal-Mart are private label store brands
     Wal-Mart began offering private label brands in 1991 with the launch of
    Sam's Choice, a brand of drinks produced by Cott Beverages exclusively
    for Wal-Mart.
     Other Wal-Mart brands include Great Value and Equate in the US and
    Canada, and Smart Price in Britain.

    Entertainment
     In 2010 Wal-Mart teamed with Proctor & Gamble to produce Secrets of the
    Mountain and The Jensen Project, 2 hour family movies which featured the
    characters using Wal-Mart and Proctor & Gamble branded products.

    Corporate affairs
     Wal-Mart's business model is based on selling a wide variety of general
    merchandise at "always low prices." The company refers to its employees
    as "associates". All Wal-Mart stores in the US and Canada also have
    designated "greeters", who welcome shoppers at the store entrance.
    Future plans
     Continue to focus on further improving the returns of its
    supercenter format through remodelling existing stores and
    accelerating the growth of new stores.
     This year, Wal-Mart expects to add 15 new Sam’s Club stores, and
    between five and ten new Sam’s Club stores in fiscal year 2011.
     Aggressive investment… in growth markets such as China and
    Brazil
    Competitors
     Kmart, Target, ShopKo and Meijer
     Canada's Zellers, The Real Canadian Superstore and Giant Tiger,
    and Mexico's Comercial Mexicana and Soriana.
     Competitors of Wal-Mart's Sam's Club division are Costco, and the
    smaller BJ's Wholesale Club chain operating mainly in the eastern
    US.
     Several smaller retailers, primarily dollar stores, such as Family
    Dollar and Dollar General, have been able to find a small niche
    market and compete successfully against Wal-Mart for home
    consumer sales
    Thankyou

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