Walmart logo, used since June 30, 2008|
Traded as| NYSE: WMT
Dow Jones Industrial Average Component
S&P 500 Component|
Founder(s)| Sam Walton|
Headquarters| Bentonville, Arkansas, U.S.
Number of locations| 8,970 (2011)|
Area served| Worldwide|
Key people| S. Robson Walton, Chairman
Mike Duke, President/CEO|
Products| Apparel/footwear specialty, cash & carry/warehouse club, discount department store, discount store,hypermarket/supercenter/superstore,supermarket| Revenue| US$ 446.950 billion (2012)|
Operating income| US$ 26.558 billion (2012)|
Net income| US$ 15.699 billion (2012)|
Total assets| US$ 193.406 billion (2012)|
Total equity| US$ 71.315 billion (2012)|
Owner(s)| Walton family|
Employees| 2.2 million (2012)|
Divisions| Walmart Canada|
Subsidiaries| Asda, Sam's Club, Seiyu Group,Walmex|
Website| Wal-Mart Stores.com
In 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10. Thus, the Ozark Mountain town of 2,900 residents would become the headquarters for the world's largest retailer. In 1962 Walton invested 95% of the capital to open the first Walmart store. By 1967, the company grew to 24 stores across the state of Arkansas, and had reached $12.6 million in sales, and by 1968, the company opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma. The company's first stock split occurred in May 1972 at a market price of $47. By this time, Walmart was operating in five states: Arkansas, Kansas, Louisiana, Missouri andOklahoma, and entered Tennessee in 1973, and Kentucky and Mississippi in 1974. As the company moved into Texas in 1975, there were 125 stores with 7,500 associates, and total sales of $340.3 million.
Logo used from 1968 – 1981
By 1977, Wal-Mart made its first corporate acquisition, assuming ownership and operation of the Mohr-Valuestores, which operated in Missouri and Illinois. This was followed by the acquisition of the Hutcheson Shoe Company in 1978. In the same year Walmart also branched out into several new markets, launching itspharmacy, auto service center, and jewelry divisions. By 1979, with 276 stores and 21,000 associates, Walmart reached $1.248 billion in By 1989, Walmart was operating in 27 states with the addition of Michigan, West Virginia, New Jersey, and Wyoming. By 1990, they entered the markets of California,Nevada, North Dakota, Pennsylvania, South Dakota and Utah.
In 2005, Walmart had $312.4 billion in sales, more than 6,200 facilities around the world, including 3,800 stores in the United States and 3,800 international units, and employing more than 1.6 million associates worldwide.
USP OF WalMart Stores
Wide variety, Low prices
Efficient supply chain network
Central buying & Promotion
"BUY IT LOW, STACK IT HIGH, SELL IT CHEAP"
To operate and expand in the international market-acquired ASDA in the UK.
Respect for individual employees
Sam Walton preached that "extraordinary results can come from empowering ordinary people" and hence displayed a Participative leadership style as per the case. Walton spent much time in stores with his associates freely exchanging ideas.
Sears, Roebuck & Co., Kmart. E.J.Korvette, W.T.Grant, Atlantic Mills, Arlans, Federals, Zayre, Heck's, Ames, Home Depot, Local Merchants, Regional Discount Stores.
Several formerly successful firms like, E.J.Korvette, W.T.Grant, Atlantic Mills, Arlans, Federals, Zayre, Heck's and Ames, reorganized. Superstores of drug...