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Walmart History and Business Overview

Walmart was established in 1962 by Sam Walton and is now the largest retailer in the world. It has over 7,800 stores globally, employs 2 million associates, and serves 176 million customers per week. While Walmart does not have a formal mission statement, its culture focuses on respect for individuals, service to customers, and striving for excellence. Walmart is known for providing quality products at low prices through supply chain efficiencies and by working directly with factories.

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0% found this document useful (0 votes)
13 views24 pages

Walmart History and Business Overview

Walmart was established in 1962 by Sam Walton and is now the largest retailer in the world. It has over 7,800 stores globally, employs 2 million associates, and serves 176 million customers per week. While Walmart does not have a formal mission statement, its culture focuses on respect for individuals, service to customers, and striving for excellence. Walmart is known for providing quality products at low prices through supply chain efficiencies and by working directly with factories.

Uploaded by

wasi28
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

T

R
A
M
L
L
WA

Presented By :NIVEDITA
NIKITA
AKSHAY
HARISH
(MMM- B)

INTRODUCTION

Established by Sam Walton, in1962.

Head

quarter in BENTONVILLE

Largest

retailer in world.

Largest

private Employer in U.S.

7,800
2

stores globally

million associates

Presence
Serves

in 16 countries,

176million customers every week.

HISTORY
Founded in 1967
Incorporated on October 31, 1969
Publicly traded on NYSE in 1970
First stock spilt occurred in May
1971 at a market price of $ 47
In 1988 the first walmart
Supercentre opened in Washington

Their Mission Statement


Dont have a formal mission statement
Most interested in the customers needs
The culture consists of :Respect for the individual
Service to our customers
Strive for excellence
If they did have a formal mission statement it would be
To provide quality products at an everyday low price
and with extended Customer servicealways.

Walmart @ INDIA
IN India Walmart has its
first store in Chandigarh.
It is the store with the
association of Bharti Group n
it is named Bharti Walmart.
Cash N Carry store
Research @ Banglore

Wal-Mart has created a Monopoly


Major

buyers for groceries & toys


Controls 38% of the market for
several goods
Manufacturers are forced to sell to
them at low prices

Achievements

It is the 1st largest company by Forbes 500

Walton

N Family is the in the top 10 richest


persons list
It

is the primary stock company in


NEWYORK STOCK EXCHANGE

Financials
Revenue US $ 421.849
Operating Income- US $ 25.542
Net IncomeUS $ 15.355
Total AssetsUS $ 180.663
Total equityUS $ 68.542
(All fig. are in billion ,2011)

Products
Family

appareaul
Health and beauty aids
Electronics
Toys
Lawn and Garden items
Jewels
Sporting items
House wares
Home furnishing
Automotive products
Pet supplies

Competitors
Target Niche marketing
Kmart (ERP), Supply-chain
Hy-Vee Price competitive
Costco
Tesco Limited resources
Carrefour Outside USA

Wal-Mart is a Discount Store


Cheap labor because the jobs are in China
China employees make 50 cents a hour i.e. $100 a month
Manufacturers a wide array of consumer goods
These goods, from clothing to electronics, can be bought
at low prices

HOW?
Coercing

Advantages

the eruption of information


technology & global economy.
Operates the largest satellite system in
the world.
Powerful retailers manipulate
production of goods to offshore.

How?
Wal-Mart

has mastered the :-

Process

of production,
Movement of goods,
Warehousing of goods,
Ensuring goods arrives
How?
on time
at the right place,
cheap price

Developed

in-house brands
Supply-chain efficiencies by working directly with
factories

How does Wal-Mart know what


consumers want?
Barcodes:

Reveals everything about

a product
Information about how often the
barcodes are purchased are relayed
to the manufactures from Wal-Mart
Hence,
the manufacturers are
dependent on Wal-Mart for demand
information

INTERNAL FACTOR

Why?
Wal-Mart wants to provide
consumers with quality
products & low prices

EXTERNAL FACTOR

Years since started

Why Not?
Americans

are consumers and workers


Americans may receive discounts for
quality goods but loose jobs in the process
Not only effects U.S but other countries
as well

Key External Factors

Opportunities

Agreement with Berkshire Hathaway, Inc.


acquired McLane Company, Inc.
Fortunes number one Most Admired Company
and largest company in nation
Worlds largest private satellite communication
systems
Ron Brown Corporate Leadership Award

Threats :-

Buy American policy


Target
A solution to the monopoly that Wal-Mart has
created

Wal-Mart Model of Employment


Low-wages
Low benefits
Low skill
Rapid job turnover

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