Walmart's Argumentative Essay

If a person was to view the Fortune 500 list year after year, they would see Walmart as a consistent contender for the number one or number two spot. Walmart is the biggest retailer in the world and has been for several years now. It seems impossible to go to a city and a Walmart not being there. No matter how much a person may hate Walmart, they always have to go there for something. They offer just about anything a person wants and for the lowest price. In 1950, Sam Walton opened the Walton’s 5&10 in downtown Bentonville, Arkansas. He chose this location because he liked the different hunting seasons that living at the corner of four states had to offer (Walmart 2017). Sam Walton assistant, Bob Bogle, created the name Walmart and they opened

In 1970, Sam decided to take the company public which helped raise capital for the company to expand into new areas and markets. Within ten years of the first Walmart opened doors, the company had grown to fifty-one stores generating seventy-eight million dollars in revenue. The rapid growth of Walmart was not only due to the products and services they offered, but due to Sam’s associates. He shared his vision of the company with them and recognized them as his business partners. Mr. Walton’s excellent work ethic formed the foundation on which Walmart is built today. Sam Walton’s imagination led him to new approaches. He soon developed Sam’s Club and Walmart Supercenters. He also took Walmart outside the domestic boundaries of the United States into Mexico. Walmart offering of lower prices so people can live better is what their business model was built on and still is today. The first Walmart supercenter was opened in 1988. The Walmart supercenter allowed for large stores to offer general merchandise along with groceries and fresh foods which allowed customers to make one stop instead of shopping around different stores. In addition, 250+ stores were operating and Walmart Inc. generated

Between 1994 and 1996, Walmart emerged into Canada and China. As a result, Walmart would generate over a hundred billion dollars in sales the following year. Accruing a hundred billion dollars in sales was a momentous event in Walmart history. It proved that customers liked the value that Walmart gave them and the associates bringing Walmart’s vision to life. Unfortunately, Sam did not get to experience this significant time in his company history. During the 2000, the dot com bubble took the world markets by storm. The demand for the internet was high. In efforts to take advantage of this demand, Walmart created their online shopping marketplace, walmart.com. This allowed customers the easy convenience of shopping Walmart products from anywhere in the world where there was internet connection. For the first time in the company’s existence, Walmart topped the Fortune 500 list. This is a list that ranks America’s top companies by revenue of their fiscal year. After disaster struck the gulf coast in 2005, Walmart exhibited great public relations by contributing over eighteen million dollars worth of supplies for victims