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| '''Wal-Mart Stores, Inc.''' is the world's largest retailer. In the fiscal year ending ], ] Wal-Mart had $191 billion dollars in sales. It employs over 1 million people worldwide and operates 4,500 retail units in 10 countries. Wal-Mart operates in the ], ], ], ], ], ], ], ], ], and the ]. ], the founder of Wal-mart, opened the first Wal-Mart store in Rogers, ] in ]. | '''Wal-Mart Stores, Inc.''' is the world's largest retailer. In the fiscal year ending ], ] Wal-Mart had $191 billion dollars in sales. It employs over 1 million people worldwide and operates 4,500 retail units in 10 countries. Wal-Mart operates in the ], ], ], ], ], ], ], ], ], and the ]. ], the founder of Wal-mart, opened the first Wal-Mart store in Rogers, ] in ]. | ||
| Wal-Mart stores are large in area, usually constructed as part of a shopping mall in a low-density suburban centre. |
Wal-Mart stores are large in area, usually constructed as part of a shopping mall in a low-density suburban centre. The stores contain a broad range of products, including, but not limited to, clothes, consumer electronics, outdoor equipment, toys, hardware, and books. Its typical products are basic, mass-market equipment, rather than premium products stocked at specialist stores. Wal-Mart and stores like it are often referred to as "big box" stores because shoppers usually buy either large items or small items in volume. | ||
| The key to Wal-Mart's success is the economies of scale it brings to manufacturing and logistics |
Wal-mart is now the #2 grocery chain in the nation, behind ]. The key to Wal-Mart's financial success is the economies of scale it brings to manufacturing and logistics. The purchase of massive quantities of items from its suppliers, combined with a very efficient stock control system, help make operating costs lower than those of its competitors. | ||
| Wal-mart's chief competitors include the ]. | |||
| The legal department of Wal-Mart has a reputation among personal | The legal department of Wal-Mart has a reputation among personal | ||
Revision as of 12:21, 29 October 2002
Wal-Mart Stores, Inc. is the world's largest retailer. In the fiscal year ending January 31, 2001 Wal-Mart had $191 billion dollars in sales. It employs over 1 million people worldwide and operates 4,500 retail units in 10 countries. Wal-Mart operates in the United States, Mexico, Puerto Rico, Canada, Argentina, Brazil, China, Korea, Germany, and the United Kingdom. Sam Walton, the founder of Wal-mart, opened the first Wal-Mart store in Rogers, Arkansas in 1962.
Wal-Mart stores are large in area, usually constructed as part of a shopping mall in a low-density suburban centre. The stores contain a broad range of products, including, but not limited to, clothes, consumer electronics, outdoor equipment, toys, hardware, and books. Its typical products are basic, mass-market equipment, rather than premium products stocked at specialist stores. Wal-Mart and stores like it are often referred to as "big box" stores because shoppers usually buy either large items or small items in volume.
Wal-mart is now the #2 grocery chain in the nation, behind Kroger's. The key to Wal-Mart's financial success is the economies of scale it brings to manufacturing and logistics. The purchase of massive quantities of items from its suppliers, combined with a very efficient stock control system, help make operating costs lower than those of its competitors.
Wal-mart's chief competitors include the Kmart Corporation.
The legal department of Wal-Mart has a reputation among personal injury lawyers for extremely aggressive legal tactics, and the corporation has been sanctioned by several courts for failing to respond properly to plantiff discovery motions.
In 2002 Wal-mart opened its 21st store in China