logo News
  • Home
  • Management
    Management Show More
    Is it True That Chinese Family Businesses Are "Only Three Generations Richer"?
    May 09, 2025
    How Does Huawei's "Learning Organization" Come About?
    May 08, 2025
    Note to managers: Management is not just about managing subordinates
    May 07, 2025
    Management Story: Different Destiny of Three Birds
    May 06, 2025
    Management practice: five temptations that leaders must resist
    May 05, 2025
  • Marketing
    Marketing Show More
    Why does Sony set up an internal creative organization?
    May 09, 2025
    What Is Event Marketing
    May 08, 2025
    What Is Internet Marketing?
    May 07, 2025
    Why Is Selling Something Just Constant Repetition?
    May 06, 2025
    The Difference And Relationship Between Sales And Marketing
    May 05, 2025
  • Entrepreneurship
    Entrepreneurship Show More
    8 Of The Best Directions For Starting a Business
    May 09, 2025
    The Best Business Projects For Women
    May 08, 2025
    5 lessons from startup failures for today's new entrepreneurs
    May 07, 2025
    Three Steps To Making Money And Getting Rich From Your Business What Are You Waiting For?
    May 06, 2025
    What Are The Encountered By First-Time Entrepreneurs?
    May 05, 2025
  • Company
    Company Show More
    Electronics Giant Philips
    May 09, 2025
    The pillars of the Korean economy - the Samsung empire
    May 07, 2025
    Nike, one of the top ten brands in the world
    May 06, 2025
    Disney, one of the world's top ten brands
    May 05, 2025
    Mercedes Benz, one of the world's top ten brands
    May 04, 2025
  • Entrepreneur
    Entrepreneur Show More
    Steve Jobs Founder of Apple
    May 09, 2025
    Aeroplane King - Howard Hughes
    May 08, 2025
    The Father Of Coca-Cola - Asa Candler
    May 07, 2025
    The Queen Of World Fashion - Gabrielle Chanel
    May 06, 2025
    Bill Gates, former CEO of Microsoft
    May 05, 2025
Search
Share via
Reading: Wal Mart Department Store Co., Ltd
logo logo
  • Home
  • Management
  • Marketing
  • Entrepreneurship
  • Company
  • Entrepreneur
Search
  • Home
  • Management
  • Marketing
  • Entrepreneurship
  • Company
  • Entrepreneur
Home > Company > Wal Mart Department Store Co., Ltd
Company

Wal Mart Department Store Co., Ltd

Wal Mart Department Store Co., Ltd. is a worldwide chain enterprise in the United States. It is the largest company in the world in terms of turnover. It has ranked first among Fortune Global 500 enterprises for seven consecutive years. Wal Mart has 8500 stores in 15 countries around the world. Wal Mart operates in 50 states and Puerto Rico. Wal Mart mainly has four business modes: Wal Mart Shopping Mall, Sam's Club, Wal Mart Stores and Wal Mart Community Stores.

Last updated: Mar 20, 2025

Background

Wal Mart Department Store Co., Ltd. was founded in Arkansas in 1962 by Sam Walton, a legendary figure in the American retail industry. Wal Mart has become the largest private employer in the United States and the largest retail chain in the world. Wal Mart has opened more than 10,000 stores in 27 countries, 69 brands, more than 2.2 million employees worldwide, and 200 million customers visit Wal Mart every week.

In 1991, Wal Mart's annual sales exceeded 40 billion US dollars, becoming one of the world's largest retail enterprises. According to the ranking list of service industries in the United States released by Fortune magazine in May 1994, Wal Mart's sales in 1993 reached 67.34 billion US dollars, an increase of 11.8 billion over the previous year, surpassing Sears, who ranked first in 1992, and ranking first in the retail industry in the United States. In 1995, Wal Mart's sales continued to grow, and created a world record in the retail industry, achieving an annual sales of 93.6 billion dollars, ranking fourth in Fortune magazine's 95 largest enterprises in the United States. In fact, Wal Mart's annual sales volume is equivalent to the sum of all department stores in the United States, and it still maintains a strong momentum of development. So far, Wal Mart has 2133 Wal Mart stores, 469 Sam's Club stores and 248 Wal Mart shopping malls, which are distributed in 14 countries including the United States, China, Mexico, Canada, the United Kingdom, Puerto Rico, Brazil, Argentina, South Africa, Costa Rica, Guatemala, Honduras, El Salvador and Nicaragua. It has developed so rapidly in just a few decades, which has to be said to be a miracle of the retail industry.

In 2011, Wal Mart and Wal Mart Foundation had a total of 319 million dollars in charitable donations and more than 480 million dollars in materials. In 2014, Wal Mart ranked first again in the Fortune Global 500 with a sales volume of $476.294 billion, which pushed many oil companies. Wal Mart ranked first for three consecutive years. In 2015, its operating revenue reached $482.1 billion, down 0.7% year on year.

Company Purpose

Wal Mart put forward the tenet of "helping customers save every penny", and realized the promise of the cheapest price. The company has always adhered to the principle of "service is better than others, and employees are different" to provide customers with new enjoyment of super first-class services. Entering Wal Mart, customers can feel the considerate service at home. Thirdly, Wal Mart has promoted the new concept of "one-stop" shopping. Customers can buy all the goods they need in the shortest time and at the fastest speed. It is this fast and convenient shopping method that attracts modern consumers.

In addition, although Wal Mart has repeatedly reduced its spending on advertising in order to reduce costs, it is generous in donating money to various public welfare undertakings. What you pay, you get. Wal Mart's long-term investment in public welfare activities and the unique creativity of the activity itself have greatly improved the brand awareness and successfully shaped the brand's outstanding image in the minds of consumers.

TAGGED: Brief introduction, Famous enterprises, Walmart
Previous Article 5 lessons from startup failures for today's new entrepreneurs
Next Article Nine Principles For Starting a Business From Scratch

Most Popular

Google, one of the world's top ten brands
Company Mar 22, 2025
Take a Look At Ten Ways To Market Your Business Online
Marketing Apr 16, 2025
The Wolf Of Wall Street - Carl Icahn
Entrepreneur May 01, 2025
Oil King - Paul Getty
Entrepreneur Apr 23, 2025
Learn To Think Like a Rich Man... It's Easy To Make Money!
Entrepreneurship Mar 27, 2025
Founder Of Motorola - Paul Galvin
Entrepreneur Mar 26, 2025

You Might Also Like

Company

Nike, one of the top ten brands in the world

May 06, 2025
Company

Disney, one of the world's top ten brands

May 05, 2025
Company

Mercedes Benz, one of the world's top ten brands

May 04, 2025
Company

Intel, one of the world's top ten brands

May 03, 2025

Copyright © 2025 busiis.com. All rights reserved. User Agreement | Privacy Policy