Disadvantages Of Walmart

In 1945 Sam Walton, the founder of Wal-Mart opened a variety store in Newport, Arkansas. The ‘innovative’ idea of selling products for less was a successful start for Walton’s small business. Then, in 1962 Walton opened the first Wal-Mart hypermarket in Rogers, Arkansas. Since then Wal-Mart has become a multinational company. Being the largest company in the world comes with both advantages and disadvantages that, as a large public company influences the United States of America’s people, economy and country as a whole. (Advantage) Wal-Mart, as many other companies, is known for their advertising slogan or mission statement. Wal-Mart’s evolving mission statement’s main purpose is to promote their low prices in an attempt to attract customers to the idea of saving money by shopping at Wal-Mart. It began with “Always low prices, Always” which 19 years later became “Save Money, Live Better.” The large corporation claims that it produces products that consumers want to buy (at always low prices) creating the epitome of one stop shopping. This idea of low prices is the product of Wal-Mart’s foreign importers. Having a large rate of outsourced products allows for the company to “make imports a pillar of Wal-Mart’s business model.” It is evident that Wal-Mart focuses on imports as 80% of its producers are from China. Wal-Mart makes more money on Asian suppliers as Wal-Mart dictates the price at which they purchase the volume of products. Lower prices also make Wal-Mart the