Preview

Walmart Background Info

Powerful Essays
Open Document
Open Document
1633 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Walmart Background Info
Corporate Headquarters Address:
Walmart
702 SW 8th Street
Bentonville, Arkansas 72716-8611
Phone: 479-273-4000
Web URL: http://walmartstores.com/

Walmart’s Mission:
“ We save people money so they can live better”
Saving people money to help them live better was the goal that Sam Walton envisioned when he opened the doors to the first Walmart®. This focus drives everything we do at Walmart. And, for the millions of customers who shop in our stores around the world each week, it means they can trust that our brand means we have every day low prices.

Walmart’s Stock Price over the past year:

Wal-Mart Stores, Inc. Common St (WMT) -NYSE
59.98 0.13(0.22%) 10:25AM EST - Nasdaq Real Time Price Prev Close: | 59.85 | Open: | 59.79 | Day 's Range: | 59.65 - 60.00 | 52wk Range: | 48.31 - 61.06 |

Key Statistics:
The Net Sales for Walmart in 2011 is USD$418,952 Million.
Consolidated Net Income for 2011 is USD$16389 Million.
International Operations

IBUS 426 Global Competitive Analysis
Company Fact Sheet- Walmart
Elaine Chan Yee Lin
000-02-1223

Walmart’s Senior Management:
Michael T. Duke
President and CEO
Wal-Mart Stores, Inc.
Mike Duke is the president and chief executive officer of Wal-Mart Stores, Inc. (Walmart). From 2005 to February 2009, Mike served as vice chairman of the company, with responsibility for Walmart International.
Prior to joining the company, Mike had 23 years of experience in retailing with Federated Department Stores and May Department Stores.
William S. Simon
President and CEO, Walmart U.S.
Bill Simon is president and CEO of Walmart U.S. He is responsible for the strategic direction and operational performance of the U.S. business, including more than 3,700 stores and 1.3 million associates.
Scott Price
President and CEO, Walmart Asia
Scott Price is the president and CEO of Walmart Asia. He has responsibility for the company’s current operations in Asia, including China, India and Japan, as well

You May Also Find These Documents Helpful

  • Powerful Essays

    Gm586 Unit 4

    • 1359 Words
    • 6 Pages

    Wal-Mart began its climb to become the largest retail company in the world in 1940. Throughout the years Wal-Mart stores values and mission statement has remained the same, respect customers and peers, quality service to the customers, strive for excellence and build team players of its associates. Wal-Mart teams have common characteristics, they have technical expertise, good at problem solving and decision making and interpersonal skills. Wal-Mart leaders expect their associates to perform in a team spirit and unity. Wal-Marts CEO has a vision to build transformational leaders of all of its managers through…

    • 1359 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Robert Greenwald Walmart

    • 601 Words
    • 3 Pages

    Robert Greenwald's ''Wal-Mart: The High Cost of Low Price'' is not ''Fahrenheit 9/11.'' There are no goofy takeoffs of old television series. You won't see H. Lee Scott Jr., the chief executive of Wal-Mart, the largest retailer on the planet, practicing his golf swing or making revealing comments on camera.…

    • 601 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Who Is Sam Walton?

    • 105 Words
    • 1 Page

    It all began with Sam Walton. In summary, envisioned with the ideas “of offering lower prices and great service” Sam opened Walton’s nickel-and-dime variety store in rural Bentonville, Arkansas in 1950; by 1960, he owned 15 stores (“Our History”). Seeking more profits, Walton then took up a new strategy: build big stores in small towns, discount everything, and sell in high volume (“Sam Walton”); thereafter, he opened his first Wal-Mart store in 1962 (“Our History”). By 1992 – after taking the company public in 1970 – Wal-mart achieved one of its missions: it became the number one retailer in the U.S., operating in 1,928 stores.…

    • 105 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Wal-Mart’s core values evolved and adapted over the years in order to remain competitive (Ferrell, Fraedrich, & Ferrell, 2011). Founder Sam Walton’s original vision was modified to fit ever-changing cultural norms, trends, and demands (Ferrell, Fraedrich, & Ferrell, 2011). Despite the ups and downs, overall Wal-Mart is a success story, and Sam Walton is an admired, model businessman.…

    • 2530 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Since 1962, Sam Walton grew Wal-Mart to be a financial success within the USA, to the point of saturating the retail market. The decision to go global came in 1991 with the hopes of having the same amount of success that Wal-Mart has had for nearly 30 years. Having to work within the social-cultural environment has been challenging for Wal-Mart domestically and globally. These challenges created only minor set backs for the superstore giant. Learning from its experiences, good and bad, Wal-Mart continues growing as the largest retailer in the world.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    On July 2, 1962, Sam Walton opened the first Walmart discount store in Rogers, Arkansas. Walmart is in the discount store industry and its principal competitors are Kmart, Target, ShopKo, and Meijer. Walmart’s culture has been built on a common purpose: saving people money so they can live better. By 1967, Walton had opened 24 stores and had generated $12.7 in sales. The company was officially incorporated as Walmart Stores, Inc. in 1969, and became publicly traded on the New York Stock Exchange in 1972. In 1983, the first Sam’s Club membership warehouse was opened and in 1988 opened the first Walmart supercenter, which features a complete grocery department in addition to general merchandise, was opened. Walmart’s board of directors is led by Chairman Rob Walton. In 2009, Mike Duke became the company’s fourth president and CEO. The current Chief Financial Officer is Charles M. Holley, Jr. Today Walmart has three main operating divisions, which are Walmart U.S., Walmart International, and Sam’s Club. In the U.S., Walmart operates more than 4,400 retail facilities, including Walmart stores and Sam’s Club warehouses. In 1991, Walmart International was established when Sam’s Club opened in Mexico City. Walmart International operates more than 5,600 retail units in 26 countries outside the U.S. These international stores have different styles and formats to fit in with local customer needs and customs.…

    • 1334 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Walmart's BOD

    • 4053 Words
    • 17 Pages

    Possess In depth knowledge and leadership experience with Walmart. The Board benefits from his expertise in corporate governance and strategic planning gained through his service on the boards and other governing entities of numerous non-profit organizations, as well as his legal and corporate governance expertise gained as Walmart’s Corporate Secretary and General Counsel and as an attorney in private practice.…

    • 4053 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    "It would be better if you could make a profit on everything you sell, but in the real world, that isn't possible," David Glass, Wal-Mart's president and chief executive, testified in Faulkner County Chancery Court in Conway. "That's the principal reason why we do it." Ripple Effect Expected.…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Wal-Mart has been a leading retailer since Sam Walton first started the company in 1962. Sam Walton’s ability to use strategic thinking for Wal-Mart’s concept, “Every Day Low Prices”, launched the company to immeasurable heights. Although Wal-Mart is one of the world’s largest retailers, the company found it difficult and a long process to enter markets outside of the United States.…

    • 1788 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Diversity In Workplace

    • 866 Words
    • 4 Pages

    Walmart founder, Sam Walton, knew what it took to build and run a successful company. He was a transformational leader who knew the value in positive encouragement, motivation, and challenging your team to think outside the box. Sam Walton was an influential leader who like many others, followed a path to build the largest retailer in the world.…

    • 866 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    You will find enclosed a report on the development of a nonmarket strategy to address the criticism faced by Wal-Mart and change its deteriorating reputation. The report includes an analysis of various possible alternatives. It recommends improvement of Wal-Mart’s community presence and an increase in transparency to re-align public perception.…

    • 1547 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Scam

    • 1225 Words
    • 5 Pages

    In 1950, Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton 's 5 & 10.[1] Thus, the Ozark Mountain town of 2,900 residents would become the headquarters for the world 's largest retailer.…

    • 1225 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Introduction to Walmart

    • 275 Words
    • 2 Pages

    Wal-Mart Stores, Inc. branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. Being the world’s third largest public corporation, Walmart is the biggest employer in the world with more than two million employees. Furthermore, it is the largest retailer in the world. Walmart remains a family-owned business, as the company is controlled by the Walton family. It is also one of the world's most valuable companies.…

    • 275 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Even in the midst of the economic downturn Wal-Mart’s 2011 fiscal year saw very healthy gains in 2 of their 3 divisions: Wal-Mart International and Sam’s Club. Although Wal-Mart US did not see a gain, its net sales exceeded $260 billion. The company faces a unique issue with the US division in that with the addition of more US stores,…

    • 1871 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Carrefour vs Walmart

    • 6423 Words
    • 26 Pages

    For the fiscal year ending January 31, 2009, Wal-Mart reported a net income of $13.6 billion on $404 billion of revenue(3.4% profit margin). For the fiscal year ending January 31, 2006, Wal-Mart 's international operations accounted for…

    • 6423 Words
    • 26 Pages
    Good Essays