Overview
When Sam Walton founded the freshman Wal-Mart in 1962, the idea of bringing in a discount-shopping store into rural America was almost unhearable of, except for the local five and dime stores. When Walton noticed that he had a lot of competition from regional discount chains, him and his wife Helen traveled the country to study other new sell concepts, and were convinced that it was the wave of the future. With Waltons vision, Wal-Mart grew to be a multi-billion dollar, international keep company, run about 4,600 stores around the world.
Wal-Mart competes in many industries that include: 5331- Retail-Variety stores, 5411-Grocery stores, 5311-Department stores, 5812-Eating Places, 5399-Miscellaneous usual Merchandise store, and 5912-Drug stores and Proprietary stores. Since there are several industries to favour from, our group chose to go with retail- var. stores, SIC code 5331. These establishments are generally engaged in the retail sale of a variety of merchandise in the low and popular price ranges. gross revenue are made on a cash and look at basis, with the open-selling method of display and customer selection of merchandise.
Wal-Marts milestones began in 1962 when the first Wal-Mart was undefended in Rogers, Arkansas. Seven years afterward the company incorporated as Wal-Mart Stores, Inc. Then a year later they opened the first distribution total and home positioning in Bentonville, Arkansas, and also went public on the New York line of short letter Exchange. Several years later, in 1988, the first super center was opened. Then in 1991, the first international unit was opened in Mexico City.
By the turn of the century, Discount Store News had named Wal-Mart retailer of the Century and made Fortune magazines lists of the Most Admired Companies in America and the 100 Best Companies to Work For. They were also rank on Financial Times Most Respected in the valet list. In...
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References
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