1) HISTORYSam Walton opened the first Walmart store in 1962 in Rogers, Arkansas. It was a discount and retail shop. Sam Walton’s strategy was: The Lowest Prices Anytime, Anywhere. He wants to increase his sales volumes by keeping sales prices lower than his competitors. He earns his profits through volume instead of by prize. In the next five years, he opened 24 stores in Arkansas.
On October 31, 1969, Wal-Mart stores changed from an establishment to an official incorporated company under the name, Wal-Mart Stores Inc. The decade that began from the 1970s was period of substantial economic growth. The two decades of 1980s and 1990s witnessed the transformation of a large national retail chain into a global retail phenomenon. In 1988 David Glass was named CEO. In 2000 H.lee Scott, Jr succeeded David Glass as CEO. In 2009 Mike Duke became CEO. The company employs 2.2 million associates worldwide and serves 200 million customers each week at more than 10,000 stores in 27 countries.
2) CEO: MIke Duke.He is the president and chief executive officer of Walmart since 2009. From 2005 to February 2009, Mike served as vice chairman of the company, with responsibility for Walmart International and he leaded the logistics, distribution and administration divisions. “Prior to joining the company, Mike had 23 years of experience in retailing with Federated Department Stores and May Department Stores” Mike graduated from Georgia Tech with a bachelor’s degree in industrial engineering. He and his wife, Susan, have two daughters and a son. CHIERMAN: S. ROBSON WALTON: the eldest son of Helen Walton and Sam Walton, founder of Walmart.
WHY WALMART IS NOT IN NEW YORK CITY?
The company has faced stiff opposition from labor rights groups and local politicians.
Not only will Walmart kill small businesses, but the benefits it provides toits employees are disgraceful.
“As long as Wal-Mart’s behavior remains the same, they’re not welcome in New York City. New York isn’t changing. Wal-Mart has to change.” Wal-Mart’s most recent bad press stems from the company’s shady relationship to the Bangladesh factory where at least 112 workers were killed in a horrific fire last November.
MORE DAMAGE TO THIS ECONOMY THAN THE RECESSIONTHE WAY THEY THREAT THE WORKESTHE DAMAGE THEY HAVE CAUSE IN OTHER COMUNITIESELIMINATING SMALL BUSINESSDISPROPOSAL MARKET SHARETHE PEOPLE IS OPPOSING THEM TO ENTER IN NYC
“Among these are labor unions, community groups, grassroots organizations, religious organizations, environmental groups and Wal-Mart customers. They have protested against Walmart, the company’s policies and business practices, including charges of racial and gender discrimination. Other areas of criticism include the corporation’s foreign product sourcing, treatment of product suppliers, environmental practices”” USA Today.,[ the use of public subsidies, and the company’s security policies.
In 2005, labor unions created new organizations and websites to influence public opinion against Wal-Mart, including Wake Up Wal-Mart (United Food and Commercial Workers) and Walmart Watch (Service Employees International Union). By the end of 2005, Wal-Mart had launched Working Families for Wal-Mart to counter criticisms made by these groups.”