Save Mart
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Save Mart
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.
About the Author
You might also want to learn in details the history of the Enron scandal and history of Wal-mart
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How much money do you save shopping at Wal-Mart?
I've shopped at grocery stores and have tried to save money. It seems like I could save more at Wal-Mart. What can I really save on if I shop there and is it even worth it. Help!
I never shopping at Wal-Mart before so I don't know how much you can save from it, but I suggest you to be mystery shopper which you get paid for shopping. It's interesting?
Because mystery shoppers look like typical customers (and are, in most ways, typical customers) almost anyone can become a mystery shopper. Shoppers may be any (adult) age, male or female. They may be employed, self-employed, unemployed, students, retired or full time homemakers.
What makes mystery shoppers different from other customers is that they want to help improve customer service and make some extra money while doing so, and they are specially prepared to evaluate businesses and report their findings.
Many shoppers get into this business because it is fun. They love to get the perks, such as "free" food and merchandise, and even make a little money while they're getting this free stuff! Although mystery shopping can be fun, it is a business and you will have important responsibilities as a mystery shopper.
If you are interested in working flexible, part time hours, and getting paid to shop, eat and more while providing an important service to businesses, mystery shopping may be for you.
You should try this
1993 - Save Mart Supermarkets 300 Finish