Walmart
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Running Head: WALMART
Walmart
Business Administration Capstone – BUS 499
Strayer University
Professor Ronald Posluns
Jesta S. Bouie-Lele
March 11, 2012
Sam Walton opened Walton’s 5&10 in Bentonville, Arkansas on May 9, 1950. The first store with the Walmart name was opened in Rogers, Arkansas on 1962 and was financed almost one hundred percent by Walton. Walmart’s mission statement and its advertising slogan are the same: “We save people money so they can live better.” The company’s purpose comes from Sam Walton himself: “If we work together, we’ll lower the cost of living for everyone… we’ll give the world an opportunity to see what it is’s like to save and have a better life.” (www.Walmart.com). Walton’s strategy for the company was to become the best cost provider by selling everyday low prices. Walmart is the largest private employer in Mexico and Canada and of the one of the largest in the United States. There are 1.4 million Walmart associates in the United States and 2.1 million globally. The company operates in 28 countries and opened up in places where other businesses believed that no store could possibly survive. Walmart has extended its international presence to China (1996), Brazil (1995), Argentina (1995), South Korea (1996) and Germany (1998). There are more than 600 stores in the international arena with a revenue if $7.5 billion. In 1969, Wal-Mart Stores, Inc. was first publicly traded on the New York Stock Exchange. SAM’s Wholesale Club was opened in 1983 in Midwest City, Oklahoma which is a membership warehouse and the first Walmart supercenter was opened in 1988in Washington, Missouri. Every Walmart supercenter has a complete grocery store in addition to general merchandise and some have restaurants, beauty salons or nail salons (www.walmart.com). On the 2011 FORTUNE 500 list Walmart was ranked number one as the world’s largest company by revenue. Its fiscal year ending in January 2011 Walmart’s net sales increased...
Walmart
Business Administration Capstone – BUS 499
Strayer University
Professor Ronald Posluns
Jesta S. Bouie-Lele
March 11, 2012
Sam Walton opened Walton’s 5&10 in Bentonville, Arkansas on May 9, 1950. The first store with the Walmart name was opened in Rogers, Arkansas on 1962 and was financed almost one hundred percent by Walton. Walmart’s mission statement and its advertising slogan are the same: “We save people money so they can live better.” The company’s purpose comes from Sam Walton himself: “If we work together, we’ll lower the cost of living for everyone… we’ll give the world an opportunity to see what it is’s like to save and have a better life.” (www.Walmart.com). Walton’s strategy for the company was to become the best cost provider by selling everyday low prices. Walmart is the largest private employer in Mexico and Canada and of the one of the largest in the United States. There are 1.4 million Walmart associates in the United States and 2.1 million globally. The company operates in 28 countries and opened up in places where other businesses believed that no store could possibly survive. Walmart has extended its international presence to China (1996), Brazil (1995), Argentina (1995), South Korea (1996) and Germany (1998). There are more than 600 stores in the international arena with a revenue if $7.5 billion. In 1969, Wal-Mart Stores, Inc. was first publicly traded on the New York Stock Exchange. SAM’s Wholesale Club was opened in 1983 in Midwest City, Oklahoma which is a membership warehouse and the first Walmart supercenter was opened in 1988in Washington, Missouri. Every Walmart supercenter has a complete grocery store in addition to general merchandise and some have restaurants, beauty salons or nail salons (www.walmart.com). On the 2011 FORTUNE 500 list Walmart was ranked number one as the world’s largest company by revenue. Its fiscal year ending in January 2011 Walmart’s net sales increased...