Walmart in Review

By | August 9, 2015
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Walmart

  1. Walmart
    Retail company
  2. Wal-Mart Stores, Inc., d.b.a. Walmart /ˈwɒlmɑrt/, is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores.Wikipedia
  3. Stock price: WMT (NYSE) $71.24 -1.54 (-2.12%)
    Aug 7, 7:54 PM EDT – Disclaimer
  4. Founded: July 2, 1962, Rogers, AR

Walmart is the world’s largest company by revenue, according to the Fortune Global 500 list in 2014, as well as the biggest private employer in the world with 2.2 million employees. Walmart is a family-owned business, as the company is controlled by the Walton family.

Sam Walton’s heirs own over 50 percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings.  It is also one of the world’s most valuable companies by market value, and is also the largest grocery retailer in the U.S. In 2009, it generated 51 percent of its US$258 billion (equivalent to $284 billion in 2015) sales in the U.S. from its grocery business.

Walmart’s operations are organized into three divisions: Walmart U.S., Sam’s Club, and Walmart International. The company offers nine retail formats: supercenters, food and drugs, general merchandise stores, bodegas (small markets), cash and carry stores, membership warehouse clubs, apparel stores, soft discount stores and restaurants.

A panoramic photo of a remodeled Walmart Supercenter in Laurel, Maryland.

Many critics worried about its effect on local communities, particularly small towns with many “mom and pop” stores. There have been several studies on the economic impact of Walmart on small towns and local businesses, jobs, and taxpayers.

In one, Kenneth Stone, a Professor of Economics at Iowa State University, found that some small towns can lose almost half of their retail trade within ten years of a Walmart store opening.  However, in another study, he compared the changes to what small town shops had faced in the past

Like with the development of the railroads, the advent of the Sears Roebuck catalog, as well as the arrival of shopping malls – and concluded that shop owners who adapt to changes in the retail market can thrive after Walmart arrives.  A later study in collaboration with Mississippi State University showed that there are “both positive and negative impacts on existing stores in the area where the new supercenter locates.”

Walmart’s_Grease_Fuel_Truck

Walmart stores can not be given a review overall.  Simply because a store demographics. Below are the links to what all Walmart Stores should offer:  Free Shipping on $35.oo or more orders

All Departments  Local Stores  Value of the Day  Savings center  Tips & Ideas

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