Monday, December 2, 2019

Wal Mart

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Wal-Mart


Wal-Mart at a Glance


Wal-Mart Stores, Inc. is the worlds largest retailer, with $44.5 billion in sales in the fiscal year ending Jan. 1, 00, and is ranked as number one company on the FORTUNE 500 list. The company employs more than 1. million associates worldwide through more than ,00 facilities in the United States and more than 1,100 units in Mexico, Puerto Rico, Canada, Argentina, Brazil, China, Korea, Germany and the United Kingdom. More than 100 million customers per week visit Wal-Mart stores worldwide.


Retail Divisions


Guided by founder Sam Waltons passion for customer satisfaction and Every Day Low Prices, Wal-Marts four retail divisions -- Wal-Mart Super centers, Discount Stores, Neighborhood Markets and SAMS CLUB warehouses -- offer a wide variety of quality merchandise to consumers around the world.


Wal-Mart Milestones


16 first Wal-Mart in Rogers, Ark., opens.


16 company incorporated as Wal-Mart Stores, Inc.


170 first distribution center and home office in Bentonville, Ark. open; Wal-Mart goes public on the New York Stock Exchange.


17 annual sales top $1 billion.


18 SAMS CLUB warehouse concept introduced.


188 first Super center opens.


11 first international unit opens in Mexico City.


By the turn of the century Wal-Mart had been named Retailer of the Century by Discount Store News; made FORTUNE magazines lists of the Most Admired Companies in America and the 100 Best Companies To Work For; and was ranked on Financial Times Most Respected in the World list.


In 00, Wal-Mart became No. 1 on the FORTUNE 500 list and was presented with the Ron Brown Award for Corporate Leadership, a presidential award that recognizes companies for outstanding achievement in employee and community relations.


In 00, Wal-Mart was named FORTUNE magazines Most Admired Company in America.


Wal-Mart Involvement


Wal-Mart Stores, Inc. empowers its associates to serve the needs of their communities through its Good Works.


Initiative by Wal-Mart


Last year, Wal-Mart Stores, Inc., contributed more than $150 million to support communities and local non-profit organizations. Customers raised an additional $75 million with the help of our stores and clubs. Wal-Mart stock trades on the New York and Pacific Stock Exchanges under the ticker symbol WMT.


(http//www.walmartstores.com/wmstore/wmstores/Mainnews.jsp)


The Wal-Mart Story/ History [1]


Sam Walton, Founder


Sam Walton, the founder of Wal-Mart was born in Kingfish, Oklahoma on March , 118. After graduating from the University of Missouri in 140, he started his career by opening the first of several Ben Franklin franchises in Arkansas.


In 16 Sam Walton opened his first Wal-Mart in Rogers, Arkansas. His low price approach to retail soon became a model that all Wal-Mart stores would follow. Sell name brand merchandise at low prices.


By the 180s Wal-Mart had over 00 stores and had accumulated over 1 billion dollars in sales. Sam Walton had the idea of a unique decentralized distribution system that would help spur on further growth. By 11, Wal-Mart was the largest U.S. retailer with 1,700 stores nationwide.


Mr. Walton remained active in the company as CEO until 188 and chairman until his death in 1. Shortly before his death, he was awarded the Medal of Freedom from the President of the United States of America. When Sam Walton died, he was the worlds second riches man behind Bill Gates of Microsoft. The Wal-Mart Corporation was handed down to Mr. Waltons three sons, his daughter, and his wife. (http//people.moreheadstate.edu/students/jb/jdbent01/walmarthistory.html)


Benefits of working at Wal-Mart Inc.


With more than 1. million associates, Wal-Mart is the largest private employer in the world. To attract and keep the very best people, it offer competitive pay and benefits for both full-time and part-time associates, provide an exciting work environment, and operate every day according to three principles laid out by Wal-Mart Founder Sam Walton


1. Respect for the individual,


. Service to our customers, and


. Striving for excellence.


Specifically, Wal-Mart offers


• Competitive wages


• Profit sharing


• A 401(k) plan


• Stock ownership/stock loan program


• Paid vacation and holidays


• A discount card


• Medical and dental coverage


• Life insurance


• Accidental death and dismemberment coverage


• Short- and long-term disability insurance


• Free confidential professional counseling and assistance


• Scholarship bonuses


• Child-care discounts


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