Related Research Articles
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses.
Samuel Moore Walton was an American businessman and entrepreneur best known for founding the retailers Walmart and Sam's Club. Wal-Mart Stores Inc. grew to be the world's largest corporation by revenue as well as the biggest private employer in the world. For a period of time, Walton was the richest man in America.
Walmart de México y Centroamérica, also known as Walmex, is the Mexican and Central American Walmart division. Walmart de México y Centroamérica is the Walmart's largest division outside the U.S. as of April 30, 2022, consists of 2,764 stores around the country, including 295 Walmart Supercenter stores and 166 Sam's Club stores. It has been traded in the Mexican Stock Exchange since 1977. Walmart de México y Centroamérica is the biggest retailer in Latin America.
A hypermarket is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in one trip. The term hypermarket was coined in 1968 by French trade expert Jacques Pictet.
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
Alice Louise Walton is an American heiress to the fortune of Walmart. In September 2016, she owned over US$11 billion in Walmart shares. As of March 2022, Walton has a net worth of $60.5 billion, making her the 20th-richest person, and the second richest woman in the world according to Bloomberg Billionaires Index.
Michael Terry Duke is an American businessman. He served as the fourth chief executive officer of Walmart from 2009 to 2013.
The American multinational retail chain Walmart has been criticized by many groups and individuals, such as labor unions and small-town advocates, for its policies and business practices, and their effects. Criticisms include charges of racial and gender discrimination, foreign product sourcing, anti-competitive practices, treatment of product suppliers, environmental practices, the use of public subsidies, and its surveillance of its employees. The company has denied any wrongdoing and said that low prices are the result of efficiency.
David Dayne Glass was an American businessman. He was president and chief executive officer of Walmart Stores, Inc. He was also an owner and chief executive officer of the Kansas City Royals.
Thomas Martin Coughlin was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidant of founder Sam Walton.
Wal-Mart: The High Cost of Low Price is a 2005 documentary film by director Robert Greenwald and Brave New Films. The film presents a negative picture of Walmart's business practices through interviews with former employees, small business owners, and footage of Walmart executives. Greenwald also uses statistics interspersed between interview footage, to provide an objective analysis of the effects Walmart has on individuals and communities.
Walmarting is a neologism referring to U.S. discount department store Walmart with three meanings. The first use is similar to the concept of globalization and is used pejoratively by critics and neutrally by businesses seeking to emulate Walmart's success. The second, pejorative, use refers to the homogenization of the retail sector because of those practices. The third, neutral use refers to the act of actually shopping at Walmart.
Working Families for Walmart is an advocacy group formed by Walmart and the Edelman public relations firm on December 20, 2005. It has been used to praise Walmart in a show of opposition to union-funded groups such as Wake Up Wal-Mart and Wal-Mart Watch. The group is financially supported by Walmart and is headquartered in Edelman's Washington, D.C. office. It is not organized as a non-profit, and is not required to disclose its sources of funding.
Walmart Watch, formed in the spring of 2005, is a joint project of the Center for Community and Corporate Ethics, a nonprofit organization studying the impact of large corporations on society and its advocacy arm, Five Stones. The Walmart Watch group is based in Washington with the claimed goal to challenge Walmart to become a better employer, neighbor, and corporate citizen in order to improve the wages, health benefits, and treatment of workers.
Walmart Canada is the Canadian subsidiary of Walmart which is headquartered in Mississauga, Ontario. It was founded on March 17, 1994, with the purchase of the Woolco Canada chain from the F. W. Woolworth Company.
The history of Walmart, an American discount department store chain, began in 1950 when businessman Sam Walton purchased a store from Luther E. Harrison in Bentonville, Arkansas, and opened Walton's 5 & 10. The Walmart chain proper was founded in 1962 with a single store in Bentonville, expanding outside Arkansas by 1968 and throughout the rest of the Southern United States by the 1980s, ultimately operating a store in every state of the United States, plus its first stores in Canada, by 1995. The expansion was largely fueled by new store construction, although the chains Mohr-Value and Kuhn's Big K were also acquired. The company introduced its warehouse club chain Sam's Club in 1983 and its first Supercenter stores in 1988. By the second decade of the 21st century, the chain had grown to over 11,000 stores in 27 countries.
Líder is a Chilean hypermarket chain originally owned and operated by Distribución y Servicio (DyS) but sold to US American corporation Walmart in 2009.
Easyday is an Indian retail brand that runs chains of consumer retail supermarkets and convenience stores. The brand is wholly owned by Future group Retail. Future Enterprise announced its foray into retail in February 2007 and the first store was opened in Punjab in April 2008. Easyday presently has 523 stores across 12 states.
Carl Douglas McMillon is an American businessman, and the president and chief executive officer (CEO) of Walmart Inc. He sits on the retailer's board of directors. Having first joined the company as a summer associate in high school, he became the company's fifth CEO in 2014. He previously led the company's Sam's Club division, from 2005 to 2009, and Walmart International, from 2009 to 2013.
References
- ↑ "Ron Galloway: Defending Wal-Mart". Huffington Post. Retrieved 2007-09-10.
- ↑ "Documentaries Offer Two Views of Wal-Mart". NPR. Retrieved 2009-07-13.
- ↑ "Why Wal-Mart Works Debuts on Capitol Hill and in Stores". Business Wire.
- ↑ Gogoi, Pallavi. "Wal-Mart: A 'Reputation Crisis'" Business Week , October 31, 2006
- ↑ "Annals of Spin: Selling Wal-Mart". The New Yorker. Retrieved 2007-09-10.
