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Financial statement analysis of walmart
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Walmart is an American multinational retail corporation which is followed by the chains of great discount division store and warehouse store. Walmart is the world’s largest corporation in 2014. It has over two million employees throughout the world. The present CEO of the Walmart is C. Douglas Mcmillon. Walmart is a family owned business, which is regulated by the Walton family, who are over the 50% partner of Walmart. Walmart is the world’s most profitable companies. It was founded by Sam Walton in 1962, which is integrated in October 31, 1969 and reciprocated on the New York Stock Exchange in 1972. Walmart is also known as the largest grocery retailer in the United States. It has over 11,000 stores in total 27 countries under the other names. For example in India, it operates as best price, in United Kingdom as Asda and in Japan as Seiyu. Depending on the results of investments in outside North America, its action in the South America, china and United Kingdom are more profitable but on the other hand South Korea and Germany are less profitable. Methodology When I searched the official page of Walmart, I found that they are selling different type of brands like apparel, appliances, electronics, video games, furniture, grocery, jewellery and watch, toys for small kids, beauty and health, cosmetics and so on with very reasonable price that everyone can effort. They have also Walmart Rewards MasterCard so that people can get discount on their products. Walmart is also linked with The Breakfast Club of Canada to help needy people in Canada. On their official page I found some social media tools like Facebook, google+ twitter and Pinterest which they are using to communicate and to establish their business through the world. I als... ... middle of paper ... ...tions: From I have been researched about Walmart, I would like to suggest that they should use the blogs, ice rocket, many other social media tools which are in market now, they should publish about their present and upcoming products so that people would familiar with their product. In addition if social media companies would give the advertisements about Walmart products then they would get more profit as compare to give advertise by own because nowadays most of the people are using different types social media tools so it will be beneficial for Walmart. Moreover, they should arrange some live contest where some people are not aware about social media tools. Overall, I think Walmart is the greatest growing company in the world and it is growing globally through social media. If this growing will continue then it will be become the world’s no 1 company.
Wal-Mart, a "Big-Box Retailer" employs more than 2.1 million associates worldwide and has two-thousand seven-hundred stores in the United States with many more in Argentina, Brazil, Canada, Central America, Chile, China, Germany, Japan, Korea, India, Mexico, Puerto Rico, and the United Kingdom, making Wal-Mart the largest retailer in the world. "Wal-Mart accounts for upward of 30 percent of U.S. sales, and plans to more than double its sales within the next five years" (Lynn 29-36). Why is Wal-Mart so successful, and is Wal-Mart actually bad for America?
"Wal-Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,700 facilities in the United States and more than 2,400 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea, and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide." (Walmartfacts.com)
To begin with, some store history may be helpful. In 1914, Anna Albrecht opened a small store, Albrecht Discount, in the town of Essen, Germany. By 1948, her sons had taken over the business and had expanded it to four locations. In 1962, the store’s name changed from Albrecht Discount to Aldi. In 1976, Aldi makes their debut in the United States, opening a store in Southwestern Iowa. Today, in 2014, Aldi has 1,300 locations in the United States and 4,000 locations worldwide (Aldiuscareers.com). In 1962, Wal-Mart opens in Rogers, Arkansas. In 1983, Sam Walton opened the first Sam’s Club in Midwest City, Oklahoma. By 1988, Walton had opened the first Wal-Mart Supercenter in Washington, Missouri. Wal-Mart went global in 1991, opening a Sam’s Club in Mexico City, Mexico. Today, in 2014, Wal-Mart employs 2.2 million associates, serves 200 million customers, with 11,000 stores in twenty-seven countries (Corporate.walmart.com).
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
Wal-Mart Stores, Inc. operates retail stores in various formats around the world. Wal-Mart is committed to growing by improving the standard of living for our customers throughout the world. Wal-Mart earns the trust of its customers every day by providing a broad assortment of quality merchandise and services at every day low prices while fostering a culture that rewards and embraces mutual respect, integrity, and diversity. In 2006 the net sales were $312.4 billion versus in 2005 were $285 billion.
Walmart is one of the most successful franchises of all time and continues to take fire from multiple angles, whether it’s about the costing of jobs, the wages, the health insurance, the small business destruction, or the environmental impact, but can always back itself up by negating those claims with facts that proves that it is beneficial to the community.
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
Wal-Mart now operates retail stores around the globe in three different facets: Wal-Mart Stores, Sam's Club, and International.
WALMART store inclusive is the largest retailer and the largest company in terms of revenue.
Wal-Mart is the world's largest retailer and second largest corporation. It is the largest private employer in the United States and Mexico. Wal-Mart is the largest grocery retailer in the United States, with an estimated 20% of the retail grocery and consumables business, and the largest toy seller in the United States, with an estimated 45% of the retail toy business, having surpassed Toys"R" Us in the late 1990s. Wal-Mart has 1,929 stores which as of 2005 sales figures totaled about $155,477,000,000 in sales. Wal-Marts revenue as of 2006 was an estimated $315,654 billion USD, net income $11.231billion USD, and employs more than 1.8 million employees.1
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.
Wal-Mart Stores Inc. is in the discount, variety stores industry. It was founded in 1945, Bentonville in Arkansas which is also the headquarters of Wal-Mart. Wal-Mart operates locally as well as worldwide. It operated 1209 discount stores, 1980 super centers, and 567 Sam’s Club by January 31, 2006. It has also extended its operations to many international countries. It runs its retail stores in two forms: Sam’s Club and Wal-Mart Stores. The Sam’s Club sells assorted product lines such as hardwares, electronics, jewelry, and to mention a few. The Wal-Mart stores also offer similar products in addition to the following: health and beauty products, apparel for women, men and children, household appliances etc (www.yahoo.finance.com). The Vision Statement, Mission Statement, Values and Code of Conduct, Corporate Governance: Directors, Executive Management, Committees and Stakeholder will be the key elements that will discussed in this report as it relates to Wal-Mart. In addition to that, the major trends in the general/macro environment and industry will be analyzed.
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.
The retail giant started operations in 1962 and was founded by Sam Walton. Current, Wal-Mart is the fastest growing and the biggest retailer with a total of 3,400 stores within the United States and 3,300 other stores in other parts of the major cities in the world. The retail stores have 1.5 million employees and annual revenues of more than $350 Billion.
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.