WALMART

INTRODUCTION

Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of April 30, 2020, Walmart has 11,484 stores and clubs in 27 countries, operating under 56 different names.

About SAM WALTON

Sam Walton was an American businessman and entrepreneur. He was the founder of Walmart, the world's largest retailer, and its predecessor, Sam's Club. Walton was born in Oklahoma in 1918(Nineteen Eighteen) and grew up in Missouri. He attended the University of Missouri, where he studied economics and business. He started his career in retailing at J.C. Penney and then at variety stores such as Ben Franklin. In 1945, Walton opened his first store, Walton's Five and Dime, in Arkansas. He later opened Walmart in 1962(Nineteen Sixty Two), and it went public in 1970(Nineteen Seventy).

Walmart grew rapidly and eventually became the world's largest retail chain. By the time of his death in 1992(Nineteen ninety two), Walton had amassed a fortune of $23.6 billion. Walton was an active philanthropist and was involved in many charitable organizations. He also wrote several books, including Sam Walton: Made in America.

WALMART

The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centro america in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa.

Walmart is the world's largest company by revenue, according to the Fortune Global 500 list in 2019, it is also the largest private employer in the world with over 2.2 million employees.

It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's descendants, including his son Rob Walton, own over 50% of Walmart through their holding company, Walton Enterprises.

Walmart is well known for its low prices and for its ability to offer products for lower prices than its competitors.

This is due to its use of a price optimization model known as EDLP (Every Day Low Prices). Walmart also uses its own private brands, which are lower-priced alternatives to well-known brands.

Walmart also offers a wide range of services, ranging from financial services to health and wellness services.

Walmart has a long history of supporting communities and aiding in disaster relief. In addition to donating money, the company has organized and donated products and services to those in need.

Walmart also has a philanthropic arm, the Walmart Foundation, which has donated billions of dollars in grants and initiatives to communities.

Walmart has been criticized for its low wages and lack of benefits for its employees. The company has also been criticized for its environmental record and its treatment of workers in countries like Mexico and Bangladesh.

Despite this, Walmart has taken steps to reduce its environmental impact, increase worker wages, and improve its labor practices.

WALMART STORES

Walmart stores are present in many countries around the world, including the United States, Canada, Mexico, Argentina, Chile, Brazil, India, China, Japan, South Africa, and the United Kingdom.

THE CONCLUSION

Walmart is one of the world’s largest retailers, and its success is largely due to its ability to offer products for lower prices than its competitors.

Although it has been criticized for its low wages and labor practices, the company has taken steps to improve these areas.

Walmart has also shown itself to be a socially responsible company, donating money, products, and services to those in need.