Walmart is one of the largest and best retail stores. It is an epitome of making money since decades. The techniques and sales tactics used by Walmart are simply inspiring. The heights it has reached are undoubtedly due to the unwavering efforts of the owner. It is the world’s most valuable multinational company in America. The Americans are the major contributors for it as their everyday grocery is what gives them more and more money. Money making with such big stores across the world is an art which the owners really have. It has various retail stores all over the world which add up quite a lot to its success and earnings.
Have a look at Walmart’s success!
What is Walmart?
Walmart is one of the world’s most valuable companies and an American multinational retail corporation. It is a family-owned business since it is controlled by the Walton family. According to Fortune Global 500 list of 2013, it is the world’s second largest public corporation. It has several chains of huge discount department stores and warehouse stores. It has the biggest number of employees that sums up to almost 2 million employees and is one of the largest retailer.
How was it formed?
Walmart is the largest grocery retailer in the United States. It was founded by Sam Walton in 1962 and has its headquarters in Bentonville, Arkansas. It was incorporated on 31st October 1969. It became publicly traded in 1972 on New York Stock Exchange. In the late 1980s and early 1990s, the company rose to new heights and turned into a national giant. He became the most profitable retailer in US by 1998.
Today, Walmart owns and operates the Sam’s Club retail warehouses in North America. It generates about $258 billion from all its sales in US according to the 2009 records. Walmart now has 8,500 stores in 15 countries with 55 different names. It operates as Walmart in almost 50 states in US. It operates in various other countries such as: China, South America, United Kingdom, Brazil, Argentina, Japan, India, Canada, Mexico, Germany, South Korea and much more.
What do people say about Walmart?
Sam Walton believes:
Each Walmart store should reflect the values of its customers and support the vision they hold for their community.
According to Steve Jobs, Walmart is:
Pretty much, Apple and Dell are the only ones in this industry making money. They make it by being Walmart. We make it by innovation.
About Walmart, Paris Hilton comments:
Walmart… Do they like make walls there?
What Hillary Clinton thinks about Walmart is:
Now I know that Wal-Mart’s policies do not reflect the best way of doing business and the values that I think are important in America.
According to Marc Andreessn:
Today’s leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.
Walmart is no doubt one of the most earning and well-known retail stores in the United States. It has touched the skies and yet sky is not the limit for it. All for now!