Walmart Case Study

653 Words2 Pages
bulb-icon

Recommended: Introduction of Walmart

A Closer Look at Walmart

Walmart serves about 14 million customers each day. When Sam Walton founded Walmart in 1962 I’m sure he didn’t expect it to become as big of a retail store as it is now. 42 years after being founded, Walmart now has 4,253 stores across the world, and brings in $405 billion dollars a year. This kind of success doesn’t just happen overnight.
First, let’s take a look back at how the company got started. Sam Walton opened up the very first Walmart on July 2, 1962 in Rogers, Arkansas. By 1967 the Walton family owned 24 stores ringing up $12.7 million in sales. In 1983 the first Sam’s Club was opened in Oklahoma. If you fast-forward to 1990 then Walmart becomes the world’s number one retailer. Sadly in 1992 Sam Walton passed away at the age of 74, but his legacy lives on as one of the greatest entrepreneurs to ever live.
How does Walmart impact our economy? Does Walmart even help our economy? These are both very interesting questions. Many could say that Walmart hurts the economy by pushing other small retail stores out of business. This statement could be true, but those people aren’t looking at all of the good that Walmart does for the economy. As of December 11, 2013 Walmart employed 2,000,000 people. This is more than 5 times the number of employees that Target has, one of Walmart’s biggest competitors. If Walmart were its own country then it would be the 19th wealthiest country. As of December of 2013 there were about 85 Walmarts in each state. This means more revenue generated for cities and states with Walmarts in them. Although competing against Walmart makes it far more difficult for smaller retail stores, the good that Walmart does for this nation far outweighs the bad.
So what role will Wa...

... middle of paper ...

...ny is perfect, opening a Walmart in a city does have one downfall. Walmart tends to run smaller retail stores out of business. This happens because smaller, family owned stores can’t compete with the fierce competition of having a Walmart in the same city. Walmart sells everything, and is known across the world for having hot deals and low prices. So if a Walmart opens up in a city then any smaller retail stores in that city will most likely go out of business. Although, this is a minor problem when you think about all of the good that Walmart does.
Walmart is a great store that everyone loves to shop at. Sam Walton did a great job in starting and operating the business. Walmart should remain the number one retailer in the United States and in the world for many more years to come. Next time you shop at Walmart just remember save money, live better, Walmart.

Show More
Related

  • Is Wal-Mart Bad For America?

    1169 Words  | 3 Pages

    Wal-Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal was to provide affordable products to the public to make life easier. After his success with the first few stores, Sam Walton borrowed more money to build more stores, creating the Wal-Mart empire as we see it today. The retail giant proves its stoic presence in our lives with its $401 billion sales for fiscal year 2009.

    Read More

  • Wal-Mart is Bad For America

    841 Words  | 2 Pages

    In 1962, Wal-Mart opened their first store in Rogers, Arkansas. In 1970, Wal-Mart's first distribution center and home office in Bentonville, Ark. open and Wal-Mart went public on the New York Stock Exchange. Just nine years from that, Wal-Mart's annual sales exceeded one billion dollars. In 1988, Wal-Mart super centers opened across the country. In a merely three years from that, Wal-Mart opened their own store in Mexico City, Mexico; making Wal-Mart an international corporation. Not even sixty years has past, and yet, Wal-Mart is over-powering our country.

    Read More

  • The Pros and Cons of Wal-Mart

    1650 Words  | 4 Pages

    Born on March 29, 1918 in Kingfisher, Oklahoma, Sam Walton was said to have excelled at anything he set his mind to (Walton & Huey, 14). President of the student body in high school as well as college at the University of Missouri, where he majored in business, Walton and his natural ambition gained him success in virtually all of his ventures; during the Great Depression, Walton had managed a small newspaper business, making an impressive four to five thousand dollars per year. It leaves little to wonder about how exactly Wal-Mart became such a financially successful industry.

    Read More

  • Essay On Why Walmart Is Bad

    752 Words  | 2 Pages

    The first Walmart was opened in Rogers, Arkansas in the year 1962 by a 44-year-old man by the name of Sam Walton. When he first envisioned Walmart, Walton believed that a successful business could be built around offering lower prices and great service. Despite his retail rivals laughing at his supposedly unsustainable business model, the company became hugely successful, and its success exceeded even Walton's expectations. The company went public in 1970, and the proceeds financed a steady expansion of the business. Today, Walmart is the largest retailer in the world, as it has 8,500 stores spread across 15 countries and annual revenues of $400 billion dollars. Moreover, Walmart is the

    Read More

  • Wal-Mart Is Good For America

    722 Words  | 2 Pages

    Its size, power, and low prices are what make Walmart so helpful to America. So why do some people think that Walmart is so bad for the American people? Many people believe that this is a true debate. Everyone has his or her own point of view. If you think about it, is Walmart really good for America? Walmart has made many changes since it was first opened in 1962, by Sam Walton. By August 31, 2014 there were 11,095, retail Walmart stores and there were 642 Sam's Club's. After going over all the facts, Walmart is good for America.

    Read More

  • Investment in Walmart Stock

    818 Words  | 2 Pages

    Sam Walton was the creator of Walmart; therefore, he must to have had success in his company to make it a very popular, widespread, multi-billion dollar company during our lifespan. The Walmart legacy has spread to 11,088 locations since its foundation in 1962. Sam Walton began to build upon his founding of Walmart by opening many other stores in the local areas around Roger, Arkansas. This would play a key role in how his business skyrocketed into success. Walton’s family has led Walmart into even greater success ever since his passing. The origins, popularity, and health of the Walmart stock are very important aspects to look at when looking at whether to look at investing into Walmart or not.

    Read More

  • Walmart's Bureaucratic Structure

    2065 Words  | 5 Pages

    Walmart a name known globally they are a true empire. They are known as one of the largest company in the world. Sam Walton founded Walmart opening the first store in 1952 and Arkansas since then in has grown. According to Snyder Walmart is located in over 27 counties they have over a 11,000 stores and over two million employees. Walmart stands by the mission statement “We save people money so they can live better.” Walmart is known for is super low prices, and they compete with anyone who tries to enter their market. Walmart has a very formal and bureaucratic structure. There is a very clear hierarchy and commands come from the top and flows to the bottom. Although Walmart is so successful they have received lots of backlash due to some

    Read More

  • Is Walmart Good Or Bad For Health And Social Care?

    1724 Words  | 4 Pages

    This is a good question. Walmart started as a small five and dime in the city of Bentonville, Arkansas by a man named Sam Walton. After a great success Sam and his wife Helen moved to Rogers, Arkansas where he opened his very first Walmart. He had some retailing experience after his time in the war and he chose Bentonville for the hunting season and because his wife wanted to live in a small town. His ideas of not pocketing extra cash from manufacturers, but rather giving deals to customers and trying to make profit off of how much he sold, changed the way retailers make money in America. Sam had a cheap mindset, not only for his customers, but for himself. Even when he became the richest man in America he continued to get his hair done for

    Read More

  • Data Analysis Of Wal-Mart Stores Inc.

    1853 Words  | 4 Pages

    In April 1983, the Wal-Mart Stores, Inc. opened its first Sam's Club store, a membership-based discount warehouse club, in Midwest City, Oklahoma. In 1985, their stock was being traded on the Pacific Stock Exchange (PSE). By the company's 25th anniversary, in 1987, there were 1,198 stores nationwide, employing 200,000 associates, with sales of $15.9 billion. In February 1988, Sam Walton stepped down as the CEO of Wal-Mart, and was succeeded by David Glass. The same year, the first Wal-Mart Supercenter was opened in Washington, Missouri. The supercenter contained everything found in a regular Wal-Mart discount store, along with a tire and oil change shop; optical center; photo processing lab & portrait studio; and numerous small outlets like banks, cellular phone stores, hair & nail salons, video rental stores, and several fast food restaurants.

    Read More

  • Luxury Goods At Walmart Case Study

    956 Words  | 2 Pages

    The first Walmart stores were established by Sam Walton of Rogers Arkansas 1962. Walmart today is no doubt the biggest retail store in North America and considered to be the most efficiently run retail business in the world. Walmart offers a wide variety of products and goods from grocery to automotive to everything in between. They are also known for their discounted prices and convenience.

    Read More

  • Wal Mart and Target Case Study

    1124 Words  | 3 Pages

    Wal-Mart was established in 1962 by Sam Walton. The first Wal-Mart store was built in Rogers, Arkansas. Wal-Mart's were gradually put up around the United States and then moving to other countries such as Japan.

    Read More

  • Wal-Mart Dominating Global Retail

    1496 Words  | 3 Pages

    The Wal-mart is the largest retail chain in United States and in the world. The wal-mart was founded in the year 1962 by Mr Sam Walton. It was originally named as Wal-Mart discount city in Rogers, Arkansas. At the time when the Wal-Mart stores started in the year 1962 it was focused only in small rural cites and town which had a population of 5000 to 25000. It was soon increased to 18 stores in 1969. In the next 30 years it had more than 4750 stores across 50 states in USA and 9 countries with $245 billion sales. It started its international operations in Mexico in the year 1991 and then it expanded it to different countries across Europe and Asia.

    Read More

  • Sam Walton Essay

    677 Words  | 2 Pages

    Sam Walton was born in a common family in Kingfisher, Oklahoma. Walton opened the first WalMart in 1962, after continuous years in the retail management business. The discount chain expanded internationally over the next 30 years, expanding into the world’s largest company by 2010. Sam stepped down as CEO, and continuously remained active in the company. He graduated from Hickman high school and later entered the University of Mississippi. He created Walmart believed that leadership is done through service. His net worth is $100 Billion.

    Read More

  • Walmart In America Essay

    962 Words  | 2 Pages

    Sam Whalton, founder of the Wal-Mart chain, opened the first Wal-Mart store in 1962. He was satisfied that purchasers could experience a discount keep that a big choice of products and character, pleasant carrier. at the side of the Sam's warehouse golf equipment, Wal-Mart has grown quite in the US market and has ventured to worldwide markets. The company boasts at having shops in all 50 states, Puerto Rico, Canada, China, Mexico, Brazil, Germany, Argentina, and South Korea. Wal-Mart reported an working income of $262 million from worldwide shops for the fiscal 12 months ended Jan. 31,

    Read More

  • Operational Planning For Wal-Mart

    1617 Words  | 4 Pages

    The first Wal-Mart was opened in Rogers, Arkansas, in 1962. By 1969 it was incorporated into Wal-Mart Stores, Inc., and in 1972 went public on the New York Stock Exchange. The company grew steadily across the United States, and by 1990 was the nation's largest retailer. In 1991 and 1994, Wal-Mart moved into Mexico and Canada respectively. By 1997 it was incorporated into the Dow Jones Industrial Average. As of 2005, Wal-Mart has stores in the United Kingdom, and Puerto Rico, and brings in revenue of close to 300 billion dollars a year. In 2006, Wal-Mart invaded the China and India's markets. During the last two decades, Wal-Mart has been able to take advantage of the rise of information technology and the explosion of the global economy to change the balance of power in the business world (Wikipedia, 2006). Today Wal-Mart continues to grow and their success is not only from their sound strategic management planning but also from its implementation of those strategic plans. In other words operational planning has been an important key to their success.

    Read More

More about Walmart Case Study

Open Document