Walmart (officially Wal-Mart Stores, Inc.) is an American multinational company specialized in the large distribution. The company was founded by Sam Walton and today supervised by his oldest son, S. Robson Walton. Founded under this name in 1962, it was quickly developed in Arkansas, then after that in 1991 it started dominate all United States before he internationalized itself. Today, Walmart is much more like your vicinity store. We comprise a great choice of high-quality goods, friendly service and, naturally, low prices each and every day. One goal that Walmart is always pursuing is to bring the best experiment in customer’s everywhere purchasing from their stores to the Internet. The Walmart.com store which is a subsidiary Wal-Mart Stores, Inc was founded in January 2000. The headquarters is in San Francisco Peninsula near Silicon Valley. Walmart is operating in many continents and countries but under different name. In Europe, the stores are present in Great Britain under the name of ASDA. Walmart is operating from now on in the Asian market. Installed in China since 1996, the group employed about thirty thousands workers in this country in 2006. It is also present in Japan under the name of SEIYU. In 2005, an average of twenty million customers attended the Walmart stores each day (Walmart Corporate, 2011). Walmart marked a very important turn in their business life in 2005 by engaging into the introduction of a new environmental durability, under the control of the President (Leadership CEO) Lee Scott. The sustainability engagement was developed after that Walmart decided to assist and help with $18 million cash money in donations the U.S. hurricane relief efforts. As of 2005, Walmart employed more than 1.6 million associates in more than 6,200 facilities around the world including 3,800 stores in U.S. and 3,800 international units with $312.4 billion in sales during this year. The company received 138 million customers each week in the U.S., Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom. Then in 2006, the number of weekly customers rapid growth went from 138 to 176 million worldwide, with 6,779 places. Walmart has reached net sales record of $345 billion (Walmart Corporate, 2011). Walmart contributed in more than $415 million in cash and goods to 100,000 organizations worldwide through the Walmart Foundation, the charitable partners and the donations of the customers and associates to help better health care. In 2007, Walmart increased its successful $4 generic program, which in date of 2007 has saved customers more than $396 million on prescription drug costs. 2007 In February 2007 Walmart helped launch Better Health Care Together, has single partnership off organizations dedicated to has set off judicious furnace common principles for achieving has new American health care system by 2012. Later in the year, Walmart expanded its successful $4 generic program, which aces off 2007 had saved customers more than $396 million one regulation drug costs (Walmart Corporate, 2011). The four (4) Economic Indicators
Wal-Mart is indeed a very big and retailing sales empire with 3550 outlets in the United States and plans for much more. It also has stores in at least ten countries and plans to open 120 auxiliary stores on the international markets. In hardly ten years it gained almost 15 percent of the retail grocery sales in all the United States. According to Walmart CEO Lee Scott, Wal-Mart Stores Inc., seeks a share of 30% of the grocery sales and any other product line that it carries (United for a Fair Economy, 2011). Wal-Mart found out that there is an increase in the taxable retail sales everywhere in the city of one year after the opening of Walmart Supercenter which averagered over $79 million compared to the year before the opening for all the communities (21 supercenters). The taxable increases...
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