Summary Of Walmart

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WaHISTORY OF WALMART
Wal-Mart Stores, Inc. (Walmart) is the largest retailer in the world. In 1962, Walmart was founded by Sam Walton in Rogers, Ark. In 1962, the first Walmart Discount Store in Rogers, Arkansas opened by Sam Walton. It is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. To achieve higher sales volumes Sam Walton made the decision by keeping lower sales prices than his competitors by reducing his profit margin.
The company grew to 24 stores across the state of Arkansas by 1967 and had reached $12.6 million in sales. In 1968, opened its first stores outside of Arkansas in Sikeston, Missouri and Claremore, Oklahoma. Then, officially incorporated as Walmart Stores, Inc in 1969. Walmart started its public trade on the New York Stock Exchange in 1972. By the end of 70’s decade, Walmart was operating in 11 states with 276 stores with the continued rapid growth.
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There are various advantages of Walmart. One of them is scale of operations. Walmart is known as the largest retailer in the world with 10,130 stores with more than $ 400 billion in revenue. No other retailer can compete with the giant Walmart which offers low prices. The corporate can exercise strong buyer power on suppliers to reduce prices because of the large scale operation. Lower prices that passed to consumers because of its size quality that results can also have high enemies of scale.
Walmart also provide wide range of product. Walmart can offer wider range of products such as sells grocery, apparel, health and wellness, entertainment, home related products among many other categories than any other retailer. Consumers can buys product from shopping experience, whether they are online, in a store or on a mobile device. More customers into the Walmart stores due to a variety of interesting

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