Wal-Mart Stores, Inc. (“Wal-Mart,” the “Company” or “we”) operates retail stores in various formats around the world and is committed to saving eople money so they can live better. EDLP is our pricing philosophy under which we price items at a low price every day.
Comparable store sales is a measure which indicates the performance of existing stores by measuring the growth in sales for such stores for a particular period over the corresponding period in the prior year. As shown on a slide the segment net sales growth resulted from comparable store sales increases of 3.2% in fiscal 2009 and 1.0% in fiscal 2008. Net sales in Sam’s Club increase of 4.8% in 2009 and 4.9% in 2008. Wal-Mart does not have a formal mission statement. If Wal-mart did have a formal mission statement, it would be something like this: ‘’to provide quality products at an everyday low price and with extended customer service…always’’. No word better describes Wal-Mart than growth. In 1945, Sam Walton opened his first Ben Franklin franchise in Newport, Arkansas. The company opened its first discount department store in November 1962. Growth was slow until the mid of 1970s. Once, company went public in 1970, sales began to increase rapidly. Sam Walton was died in 1992. In February 2009 , Mike Duke became the new president and CEO of Wal-Mart.
Operations comprise three business segments: Walmart U.S., International and Sam’s Club. Walmart U.S. retail formats include:
• Discount stores, which average approximately 108,000 square feet in size and off er a wide assortment of general merchandise and a limited variety of food products; • Supercenters, which average approximately 186,000 square feet in size and offer a wide assortment of general merchandise and a full-line supermarket; and • Neighborhood Markets, which average approximately 42,000 square feet in size and offer a full-line supermarket and a limited assortment of general merchandise. Wal-Mart stores generally have 36 departments...
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