Essay on Walmart
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Walmart History: Beginning to Today
Wal-Mart is a general merchandise discount retailer, which was incorporated in 1962. Wal-Mart’s history is based on one man, Sam Walton, who changed the course of retailing forever. Sam Walton first entered retailing when he was a management trainee at J.C. Penny Co. in 1940 in Des Moines, Iowa. After serving in the Army in World War II, Walton acquired a Ben Franklin variety store franchise with his brother James Walton in Newport Arkansas, until they lost the lease to the store in 1950. By 1962, when the first Wal-Mart Discount City was opened in Rogers Arkansas, both Walton’s were operating fifteen stores under the “Walton 5 & 10” name, and were the largest Ben Franklin franchisee in the…show more content…
At the end of the fiscal year 2000, total company sales reached $191 billion dollars. This was an increase over the previous year of 15.9%. Total international sales amounted to $32 billion dollars at the end of the 2000 fiscal year, which was an increase of 41% over the previous year. Wal-Mart is widely recognized as one of the leading discount variety store chains. It is the nations largest discount department store chain, and also one of the largest discounters in the nation in terms of sales dollars.
Internal Strengths and Weaknesses
Nation’s largest discount department store chain.
A company with a very defined mission set by Sam Walton.
Good distribution concepts with no one store more than 6 hrs. away from warehouse.
Constant expansion over lifetime of company.
Offers a variety of merchandise for its consumers.
Valued their employees and consumers happiness.
“Everyday Low prices” advertising campaign.
First retailer to embrace “green” marketing.
Inventory Control system is the best in retail industry.
Support of different community activities.
Illustrates low prices and at the same time, not portray a cheap image to consumer.
Viewed by some consumers as Mom and Pop shop
Is walmart good for america
Is Wal-Mart Good for America
Walmart is the worlds largest retailer. Most people believe they lure customers in with lower and enticing prices, they fail to see that the employees are treated unfairly. Some workers believe they are not paid a decent wage. Many workers are on Medicaid because they cannot afford to pay for medical. Some employees believe Wal-Mart has many shady practices to prevent them from starting a union. Consumers see one side of Walmart we must explore this place where you save money and live better.
Is Walmart good for America? As a consumer you may think so because of the low prices and the cost of many goods and the cost of pharmaceutical goods. In the book They Say I Say in the article Progressive Wal-Mart according to Sebastian Mallaby Wal-Mart everyday low prices make the biggest difference to the poor, since they spend a higher proportion of income on food and other basics(p 621). Most Americans would feel like Wal-Mart is good for America for that reason alone. It is said that Wal-Mart wields its power for just one purpose: to bring the lowest possible prices to its customers. At Wal-Mart, that goal is never reached. The retailer has a clear policy for suppliers: On basic products that don't change the price Wal-Mart will pay and will charge shoppers must drop year after year. But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Who wouldnt want to shop at a place like this during these hard economic times where you can save money?
Is Wal-Mart good for America? According to Wal-Mart: The High Cost of Low Prices if you speak to the owners of the mom and pops stores they will disagree with consumers They believed Wal-Mart comes in and put them out of business and takes away their loyal customers whom in this recession want to save money. When Walmart comes into the area it also affects the value of your business, because after awhile it would just be an empty store because Wal-Mart has come in and taken over. Many of the businesses own by small business owners have no choice but to fall at the hands of this giant retailer.
Some Wal-Mart employees are not happy with the treatment they receive working for this company. It is easy to say find another job but for some of the workers its not that easy. In They Say I Say the article Up Against Wal-Mart according to Karen Olsson Wal-Mart doesnt care about their employees complaints about understaffing and low pay are not uncommon among retail workers (p 608). Walmart is the world largest retailer, with 220 billion in sales, and the nations largest private employer. They have over 1 million employees and still expect their employees to work for free and no paid overtime is allowed.
The employees started looking into starting a union which is said to be frowned upon in upper management at Walmart. Karen Olsson stated Walmart has responded to the union drive by trying to stop workers from organizing sometimes in violation of federal labor law (p 609). Many employees feel that a union is the only way to demand better wages and working condition the union can be the voice of the employee. Many people who tried to establish a union within the company have had to face the wrath of Walmart. According to Karen Olsson The retaliation can be extreme. In Februaury 2000, the meat cutting department at a Walmart in Jacksonville, Texas, voted to join the UFCW-the only Walmart in the nation where workers successfully organized a union. Two weeks after the vote, the company announced it was eliminating its meat departments in all of its stores nationwide. It also fired four workers who voted for the union (p 609). This is the fate that awaited any employee who dare crossed Wal-Mart and tried to even think of voting a union into the company. The employees constantly lived in fear of what would happen to them if they would even think that this was the way to get things
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Related TopicsWalmartWal-Mart: The High Cost of Low PriceEveryday low priceWalmart WatchCriticism of Walmart
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