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Wal Mart

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What are some of the advantages that Wal-Mart hopes to gain by globalization?

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What are some of the advantages that Wal-Mart hopes to gain by globalization? What are some of the challenges that it faces in its efforts to globalize?

well the reason it wants to expand is for one reason, more $$$. the challenges i would see is that the countries that do not like the USA would be turned off by a giant american corporation wanting to put its products in their countries.

Wal-Mart Refutes "Banning" Kanye West, "We Did Not Reject The Cover"

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Major retailer Wal-Mart has discredited rapper Kanye West's claims that the initial cover art for his upcoming My Beautiful Dark Twisted Fantasy was banned from its stores. [Visit SOHH.com for more information]
Wal-Mart Shenanigans!

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A Short History Of Wal-Mart

Wal-Mart is a worldwide retailer headquartered in Bentonville which is a small city of Arkansas in US. It is the largest public corporation by revenue. Its stock is traded many international stock exchanges. The operating divisions of Wal-Mart Corporation are Marketside stores and Sam's Club. Wal-Mart stores trade under local names in some international markets like ASDA in UK, Mi Bodega or Superama in Mexico, Seiyu in Japan or Bompreço in Brazil.

Wal-Mart's history is like a curriculum vitae for the corporate founder Sam Walton. He started his discount store in 1950 by the name of Walton's Five and Dime. Walton had earlier operated a Ben Franklin store in Newport – Arkansas. He franchised it from 1944 to 1950 and then relocated in 1950 to Bentonville in Arkansas. He continued his association with Ben Franklin but renamed the store to Walton's Five and Dime.

Walton owned a small network of Walton's Five and Dime stores by the late 1950s. He had realized that successful discount retailing meant passing the savings to the customers in addition to getting the best prices from suppliers. This method of Walton was in plain contrast with his competition although the higher sales in Walton's stores were evidence that he had discovered a model that would encourage greater profits for his company.

Sam Walton owned 11 stores by 1962. He and his wife Helen took a huge gamble and reinvested everything into a new store at Rogers in Arkansas. This became the first branded store of Wal-Mart. This concept resulted in immediate success resulting in an amazing growth of the brand and 24 stores by 1967. Sam Walton incorporated the stores as Wal-Mart Stores Inc in 1967. In 1972, the company got listed in the New York Stock Exchange. This provided a cash injection and allowed the company to 125 stores by 1975 and then to 276 stores by 1980.

Wal-Mart employees also felt the advantage of this incorporation. Many were given stock options in return for their loyalty. In 1970, Sam Walton started to sell shares to company over the counter. Wal-Mart stock was worth $47by 1971, this was not enough to make millionaires but it increased to an amazing $49,875 per share in 1982. This was enough for college expenses of the kids that was an ambition many Wal-Mart's employees have held.

The attitude of Wal-Mart was conservative with acquisitions but has been always strategic in nature. The first two acquisitions were buying the Mohr Value Stores and Hutcheson Shoe Company in 1977, and then buying Kuhn's Big K Stores in 1981. It would take another nine years until Wal-Mart would make another acquisition. The internal growth of Wal-Mart has largely come from the several Wal-Mart stores.

Sam Walton stayed with the company throughout his life, he continued visiting stores and meeting employees even walking with them around the store as they performed their tasks. Walton promised to do the hula wearing a hula skirt outside the NYSE as a gesture of solidarity with the employees if the company made a pre-tax profit of 8%. This would have made his gesture a simple public stunt. The employees finally made it a reality. In 1998, Walton was listed in Time Magazine as one of the 100 most influential people of the 20th century.

The sales and profits of Wal-Mart continued to increase throughout the early 21st century with no signs of any negative effects from the weakening global economy. By the end of 2006, Wal-Mart globally owned 6775 stores, had more than 2 million employees and generated annual sales if nearly $350 billion.

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