This memorandum is to introduce Wal-Mart Stores, Inc. that set out the topic of this company and get it approved. The topic of Wal-Mart is focusing on three external factors, which are history of company, lawsuits against the company, and foreign currency conversion. These factors from both the positive and negative aspects reflect the present situation of the company. Introduction
Purpose, Scope and Report Organization
The purpose of this report is to research some main external factors that affect the biggest worldwide retailer-----Wal-Mart during the last four years. By exploring three selected elements: company’s history, sexual discrimination against female employees, and the foreign exchange rate, especially the US dollar against Chinese Yuan, we can see how these outside factors out of the company control influent the company and how the company dealing them. Methodology
Two methodologies are important when we do our research and write the repot. One is searching information and another is discussing. After we formulated our topic, we begin our second step, searching information. We researched every detail relative to individual factor through books, magazines, newspapers and the Internet. We read and compared others’ opinions and analysis the data what we can find. Then, we discussed and exchanged what we thought to each other in order we can make a better report. Company History
Wal-Mart Stores, Inc., branded as Wal-Mart since 2008 and Wal-Mart before then, is an American multinational retailer corporation. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Wal-Mart is also the largest grocery retailer in the United States ranked in Forbes Global 2000. Wal-Mart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states and Puerto Rico. It operates in Mexico as Walmex, in the United Kingdom as Asia, in Japan as Seiyu, and in India as Best Price. It has 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, whereas ventures in Germany and South Korea were unsuccessful. The current President of Wal-Mart Stores, Inc. is Mike Duke. Mike Duke is a highly-respected executive both domestically and internationally, with broad experience throughout the company, having successfully led Wal-Mart’s Logistics Division, U.S. operations, and International operations. Factors
History of Company
Sam Walton, a businessman from Arkansas, began his retail career when he started work on June 3, 1940, at a J. C. Penney store in Des Moines, Iowa where he remained for 18 months. In 1945, he met Butler Brothers, a regional retailer that owned a chain of variety stores called Ben Franklin and that offered him one in Newport, Arkansas. Walton was extremely successful in running the store in Newport, far exceeding expectations. However, when 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. The building is now occupied by a hardware store and an antique mall. Within five years, the company expanded to 24 stores across Arkansas and reached $12.6 million in sales. In 1968, it opened its first stores outside Arkansas, in Sikeston, Missouri and Claremore, Oklahoma. The company was incorporated as...