WALMART (CORPORATE STORY 7)

   WAL-MART IS AN AMERICAN MULTINATIONAL RETAIL CORPORATION. IT RUNS CHAIN OF LARGE DISCOUNT DEPARTMENT STORE. IT IS THE WORLD SECOND LARGEST PUBLIC CORPORATION. THIS COMPANY IS CONTROLLED BY WALTON FAMILY. THIS COMPANY WAS FOUNDED BY SAM WALTON IN 1962. IT IS HEADQUARTERED IN BENTONVILLE, ARKANSAS. . IT HAS 8500 STORES IN 15 COUNTRIES, UNDER 55 DIFFERENT NAMES.

ON JULY 2, 1962 WALTON OPEN THE FIRST WAL-MART DISCOUNT CITY CENTER IT IS LOCATED AT W.WALNUT STREET IN ROGER.IN  1988, WAL-MART WAS THE MOST PROFITABLE RETAILER IN THE US.  IN 1988, SAM WALTON STEPPED DOWN AS CEO AND REPLACED BY DAVID GLASS. IT IS WORLD LARGEST RETAILER. ITS NET SALES IS $433,854 MILLION  IN THE  YEAR ENDING 2012.MORE THAN 1.3 MILLION EMPLOYEES ASSOCIATES WORLDWIDE WITH WAL-MART. THERE ARE MORE THAN 3200 FACILITIES IN IT IN THE US. MORE THAN 100 MILLION CUSTOMERS PER   WEEK VISIT WAL-MART STORES IN WORLD.

CO-FOUNDER OF WALMART IS SAM AND BUD WALTON.

PRESIDENT AND CEO OF WALMART IS H. LEE SCOTT, JR.

CHAIRMAN OF EXECUTIVE BOD IS DAVID D. GLASS.

CHAIRMAN OF BOD IS JOHN T. WALTON .

BRANDS OF WALMART:-

•Keepsake- Jewelry

•Faded Glory-Apparel

•No Boundaries- Accessories

•GEORGE-Ladies Apparel

•Mary-Kate and Ashley- Girls Department

•Equate- Health and Beauty

•One Source- Vitamins

•OI’ Roy- Pet Food

•Puritan- Clothing

•Great Value- Food

•Sam’s Choice- Food and Beverage

In 1950, Sam Walton purchased a store from

 Luther E. Harrison in Bentonville and 

opened Walton's 5 & 10. Thus, the Ozark

 Mountain town of 2,900 residents would 

become the headquarters for the world's

 largest retailer. In 1962 Walton invested 

95% of the capital to open the first Walmart 

store.In April 1983, the company opened its

 first Sam's Club store, a membership-based

 discount warehouse club in Midwest

 City, Oklahoma. In 1985, with 882 stores

 with sales of $8.4 billion and 104,000

 associates, the company expanded

 into Wisconsin and Colorado, and the first

 stores opened in Minnesota in 1986.In

 February 1988, company founder Sam Walton

 stepped down as Chief Executive Officer,

 and David Glass was named to succeed

 him.Walton remained on as Chairman of the

 Corporate Board  Directors,Also in 1988,

 the first Wal-Mart Super center was

 introduced in Washington, Missouri.

The super center concept features everything

 contained in an average Walmart discount

 store, in addition to a tire and oil change 

shop, optical center, one-hour photo processing 

lab, portrait studio, and numerous alcove 

shops such as banks, cellular telephone stores, hair and nail salons,

video rental stores, and other fast food outlets.

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