Introduction To Walmart

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A Brief introduction The largest giant in today’s retail industry is Walmart Stores Inc. It is a multinational corporation in retail and is in control of a large number of department and warehouse stores around the world. It was founded in the year 1962 by Sam Walton and has its headquarters in Bentonville, Arkansas, U.S. It was incorporated in the year 1969. It operates in various countries under different name for example in U.K it is called Asda, in Japan it is Seiyu and in India it goes by the name Best Price. It is a family owned business of the Walton family. It is the largest retail chain in the world also being the largest company in terms of revenue. It employs over 2 million people making it the largest private employer. In the US…show more content…
They are much smaller than the supercentre and discount stores with an area of 38000 square feet. It employs only 95 people. It offers fresh produce, dairy products and other household supplies at affordable prices. Walmart International: The President and CEO of walmart international is David Cheesewright. In the year 1991 walmart went global and now operates in about 26 countries apart from US. There are 6100 stores outside US in places like Africa, Argentina, Brazil, Canada, Central America, Chile ,China, India ,Japan, Mexico and the United Kingdom. Each of the international store has its own distinctive style and policies adapting to the place in which it is situated. The policies and culture is built by keeping in mind the local atmosphere and practices of their target customers. In case of Walmart Brazil which opened in the year 1995, a school of retail has been formed in the year 2010.The main objective of this school is to provide people, ages 17-29, professional training in the field of…show more content…
It targets this segment to allow customers to shop with the most affordable prices anytime and anywhere. Walmart, being the largest retailer in the world is also the fastest growing organization in the field of ecommerce. Walmart is trying to create customer satisfaction through a seamless experience for the customers by allowing them to shop at their convenience from stores, online, mobiles or sitting at homes. There are 10 countries where walmart has its ecommerce sites in operation. These are in US, Argentina , Brazil, Canada, Chile, China ,Japan ,Mexico ,South Africa and the United Kingdom. Growth in the past years Currently walmart has an AA credit rating. Although the fiscal year 2014 was not very good for walmart in terms of growth however walmart has the potential because of its vast underlying roots in the business. Although there was a decrease in percentage change in total revenues from previous fiscal year there was an increase in the net sales and total revenue. There was also an increase in dividends declared per common share. These changes are shown in following

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