As experienced by other giant companies that have experienced so many changes in the business world, Wal-Mart has a success story that is recognized by many, inspiring them to become as big as this retail company. Wal-Mart is a mirror of how the dedication and hard work of business leaders and employees can form a business that survives and is successful amidst the fierce competition in the retail world.
Wal-Mart was founded by Sam Walton on March 29, 1918. This company, which is based in Bentonville, Arkansas, USA, is engaged in the sector or type of retail industry, discount stores, supermarkets or small-scale stores. The most recent revenue was 404.16 billion US dollars. Meanwhile, net income reached a fantastic amount: US $ 13.59 billion. No wonder because this company employs 2,100,000 employees.
Retail and discount stores first appeared in the US in the early 1950s. The retail store concept is … Read more “History of Wal-Mart: A Major Phenomenon in the World of Retailing”