Wal-Mart


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Wal-Mart

A very large discount retail store chain. Wal-Mart is one of the largest corporations in the world. The first Wal-Mart was established in 1962. It was one of the first companies to practice the just-in-time supply chain management system in order to reduce costs to a minimum. Wal-Mart's founder, Sam Walton, was one of the first retailers to always buy from the lowest priced wholesaler; this drove sales higher, which allowed Wal-Mart to negotiate still lower prices from wholesalers. This practice, while controversial, became a staple of Wal-Mart. It is based in Bentonville, Arkansas.
References in periodicals archive ?
Shortly after the initial Wal-Mart announcement to introduce the low prices in Florida, Target said it would follow suit in Florida.
The Young meltdown aside, Wal-Mart blames its troubles on the unions it has worked so hard to bar from its stores.
Wal-Mart and Target are probably more adept at satisfying any general environmental or safety target requirements than their entrenched competitors.
From that perspective, Wal-Mart has been one of the most successful antipoverty programs in America.
Meanwhile, Greenwald dilutes his reasonable points by attempting to indict Wal-Mart for every ill under the sun.
The toll Wal-Mart has taken on family-owned businesses and once-bustling downtowns is an old tale, but Greenwald tells it poignantly through accounts of the Hunter family's H&H Hardware in Middlefield, Ohio, and Esry's IGA in Hamilton, Mo.
Last year, Wal-Mart won the Chicago City Council's permission to open up shop in Austin, but many from outside the neighborhood opposed the move.
The pitch goes like this: Wal-mart is good for poor people of color because they get jobs and also get to buy cheap goods.
Wal-Mart will begin phasing in the EPC system in its north Texas stores in January 2005, "Probably by the end of 2006 we will have all of our stores outfitted with RF readers," said Ron Moser, strategy manager in Wal-Mart's logistics information systems department.
Does Wal-Mart seek suppliers that have the lowest prices?
Stage 1: About 10 years ago or so, Wal-Mart made it known that they wanted to open a store in Marshall.
On April 25, CPSC and DOJ announced that Wal-Mart had agreed to pay a $750,000 Civil Penalty for a "delay" in reporting the exercise equipment hazards.