Wal-Mart was founded in 1962 in Rogers, Ark where Sam Walton built the first Wal-Mart. The company became incorporated in October of 1969 and by the 1970’s the company was trading on the OTC markets and ended up being put on the New York Stock Exchange a couple of years later. In 1972 Wal-Mart went public and by the end of the decade had over 276 stores in 11 states.
Sam Walton had a vision, which was to save people money, by having a variety of products and service to allow the customers to have a better life. This is the type of focus that drives everything that people do within their life, and they serve millions of customers a day around the world.
Now today the company has over 10,000 stores and Sam club’s in 27 countries and employ over 2 million associates while serving over 176 million customer’s a year. This company definitely is a wonderful example of how they have managed growth and stability without losing sight of their values. Wal-Mart has become one of the most successful retailer’s in the world and they are thinning out their competitors.
Wal-Mart is implementing a four-point plan to improve the comparable store sales. Wal-Mart’s brand is everyday low prices and this is what makes the customer’s give them their trust and loyalty. They want customers to be able to have more opportunities and also shop on their terms. Wal-Mart remains on the priority to make more supercenters because this is where they receive the biggest returns. Wal-Mart is considered a one stop shop because you can purchase everything right there.