Malka Yasmeen

Roll # 19(2010)

• Founded by Sam Walton in 1962.

• World's largest public corporation by revenue

• Largest private employer in the world

• Largest grocery retailer in the United States,

• Largest toy seller in the U.S.

• Also owns and operates the North American Company, Sam's Club.

Reason of selection

Wal-Mart's Sam's Club cut 2,300 workers as it strives to be more nimble.

 To compete better with Costco Wholesale Corp. and

online players like Amazon.com

Bill Durling, a spokesman at Sam's Club, says:

"We felt this was the right move to make sure we are positioning ourselves for growing in the future," 

Retail RevolutionSam Walton's strategy was built on an unshakeable foundation: The Lowest Prices Anytime, Anywhere.

1962 On July 2, 1962, Sam Walton opened the first

Walmart store in Rogers, Ark. 1967

The Walton family owned 24 stores, ringing up $12.7 million in sales.

1969The company officially incorporated as Wal-Mart Stores, Inc. 

1970s Walmart Goes National

In the 1970s, a decade of incredible growth, "Mr. Sam" began to take Walmart national, proving his vision's widespread appeal.

1970sWalmart became a publicly traded company. The first stock was sold at $16.50 per share.

1971The first distribution center and Home Office opened in Bentonville, Ark.

1972Walmart was listed on the New York Stock Exchange (WMT). With 51 stores, Walmart recorded sales of $78 million.

1975Inspired by a visit to a Korean manufacturing facility, Sam Walton introduced the Walmart cheer.

1979 The Walmart Foundation was established

1980s

Decade of FirstsIn the 1980s, the first Sam's Club opened, serving small businesses and individuals, and the first Walmart Supercenter opened, combining a supermarket with general merchandise.

1980

•Reached $1 billion in annual sales,

• Faster than any other company at that time.

• 276 stores and employed 21,000 associates. 

•The first Sam’s Club opened in Midwest City, Okla.

• Replaced cash registers with computerized point-of-sale systems,

1984 Sam Walton did the hula on Wall Street, making good on a promise to associates after the company achieved a pre-tax profit of 8% for the previous fiscal year.

1987The company installed the largest private satellite communication system in the U.S., linking the company's operations through voice, data and video communication.

1988The first Wal-Mart Supercenter opened in Washington, Mo.,

David Glass was named CEO.

1990s

America’s Top RetailerBy 1990, Wal-Mart was the nation's number-one retailer. As the Wal-Mart Supercenter redefined convenience and one-stop shopping, Every Day Low Prices went international. 1991Through a joint venture with Cifra, a Mexican retail company, Wal-Mart went global, opening a Sam’s Club in Mexico City. 1992 Receive the Medal of Freedom,

Rob Walton became chairman of the board. Wal-Mart employed 371,000 associates in 1,928 stores and clubs.

1993Wal-Mart celebrated its first $1 billion sales week. 

1994Walmart expanded into Canada with the purchase of 122 Woolco stores.

1996Walmart opened its first stores in China.

1997The company celebrated its first $100 billion sales year.

1998The Neighborhood Market format was introduced with three stores in Arkansas.

1999Walmart entered the United Kingdom with the acquisition of ASDA.

 

2000s New Millennium 

2000H. Lee Scott, Jr. succeeded David Glass as CEO.

Walmart.com was founded,

Walmart employed more than 1.1 million associates in 3,989 stores and clubs worldwide.

2002 Walmart topped the Fortune 500 ranking of America's largest companies.

2005 Leading role in disaster relief, contributing $18 million and 2,450 truckloads of supplies

Commitment to environmental sustainability, announcing goals to create zero waste, use only renewable energy and sell products that sustain people and the environment. 2006 Walmart introduced its $4 generic-drug prescription program. 

2007 Walmart.com launched Site to Store service, enabling customers to make a purchase online and pick up merchandise in stores.

2009 Mike Duke became CEO. Wal-Mart entered Chile with the acquisition of a majority stake in D&S S.A.

For the first time, Wal-Mart exceeded $400 billion in annual sales.

2010 Bharti Wal-Mart, a joint venture, opened its first store in India.

Wal-Mart committed $2 billion through the end of 2015 to help end hunger in the United States.

2011 With the acquisition of Massmart in South Africa, Wal-Mart surpassed 10,000 retail units around the world.  The first Wal-Mart Express stores were introduced in Arkansas. Wal-Mart established walmartlabs, a hub for developing social, mobile and global platforms.

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2012 Wal-Mart celebrated 50 years of helping people save money so they can live better.

2014

Doug McMillan succeeded Mike Duke as CEO.

The company employs 2.2 million associates worldwide and serves more than 200 million customers each week at more than 11,000 stores in 27 countries

History of LOGO

11000 stores at present

Cutting down 23oo employees i.e 2% of their workforceCutting down 2300 employees