2. introducing Wal-Mart
Wal-Mart Inc. is an American multinational retail enterprise headquartered in Bentonville, Arkansas. It is the first in the ranking of the world’s largest 500 companies selected by the US “Fortune” magazine in 2014-2018. It is also the world’s largest private employer, with more than two million employees, and is the world’s largest retailer. Wal-Mart is still a family business. Its controlling shareholder is the Walton family, which owns 48% of Wal-Mart.
According to the 2019 Fortune Global 500 list, Wal-Mart is the world’s largest company by revenue, with revenue of US $ 514.405 billion. It is also the world’s largest private employer, with 2.2 million employees. This is a publicly traded family business because the company is controlled by the Walton family. Sam Walton ’s heirs own more than 50% of Wal-Mart ’s shares through the shares held by its holding company, the Walton Enterprise Group and its individuals. Wal-Mart is the largest grocery retailer in the United States in 2019, with 65% of Wal-Mart ’s $ 510.329 billion in sales coming from US operations.
Walmart (Walmart) was listed on the New York Stock Exchange in 1972. By 1988, Walmart (Walmart) became the most profitable retailer in the United States, and by October 1989, it had become the largest retailer by revenue. The company was initially geographically limited to the lower regions of the South and Midwest, but by the early 1990s, it had many stores in the coastal areas. Sam’s Club opened in New Jersey in November 1989, and opened its first California branch in Lancaster, California in July 1990. In October 1990, Wal-Mart opened in York, Pennsylvania, which was the first head office in the Northeast region.
Their mission and vission is Every Day Low Price (EDLP): which is the cornerstone of Wal-Mart strategy, and its price focus has been strong. In order to provide one-stop shopping convenience to customers, they included items from groceries and entertainments to sporting goods and craft.
Reference
https://corporate.walmart.com/our-story/our-business
https://en.wikipedia.org/wiki/Walmart
The Corona-virus’ Impact on Wal-Mart (Cont.5)
5. Course of action and personal suggestions I personally respect the seriousness of the virus. I stay home and order groceries delivery to reduce the chance of meeting people. I think Wal-Mart’s decision are tactical but needs more care about their worker. In this ethical situation, follow up their workers’ healthiness situation is important -…
The Corona-virus’ Impact on Wal-Mart (Cont.4)
4. Social Response According to previous blog, we can see the hard work they have made to keep customers and faculties aware importance of social distancing. From social network sites, I can see that a few people are staying positive, but most are negatives. Some of them don’t understand the seriousness, showing aggressive attitude towards…
The Corona-virus’ Impact on Wal-Mart (Cont.3)
3. Wal-Mart’s action When we go into Wal-Mart’s official website, we can see at the top of site that there is a yellow bar. It claims the changes they have made in order to provides more convenience and benefits to customers in current situation. They listened to many customers’ advice, supporting delivery and set many…
Nelson Lu 