Wal-Mart

(redirected from Wal-Mart Asia)
Also found in: Wikipedia.

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 ?
Greg Foran, who was promoted to president and CEO of Wal-Mart Asia earlier this year, will succeed Bill Simon, who had been CEO of Wal-Mart's U.
Other well-known international names in the list include Citibank, Deutsche Bank, Google, Hong Kong Disneyland, Malaysian Airlines, Microsoft, Pizza Hut, Proctor&Gamble, Qantas, Telecom Malaysia, Volkswagen and Wal-Mart Asia.
If you look at China and India, they represent probably two of the very few countries in the world where there is a chance in the future to end with more stores in those countries than we have here in our home market, "Scott Price, CEO and president of Wal-Mart Asia, said during the October meeting for analysts.
today announced that Vicente Trius, Executive Vice President, President and CEO of Wal-Mart Asia, has been named Executive Vice President, President and CEO of Wal-Mart Latin America.
Trius led the Wal-Mart Asia operation for the past year, during which time he supervised the opening of more than 40 new stores in China, the introduction of Every Day Low Pricing to Japan through the company's Seiyu unit and continued progress with that unit's turnaround, as well as the completion of the company's first distribution center in India, and the anticipated opening of its first wholesale cash and carry facility there during the second quarter of 2009.
In addition, his contributions to Wal-Mart Asia with stores in China, Japan and India have positioned Wal-Mart for strong growth in the region.
A crisis only reinforces that commitment," said Vicente Trius, President and CEO, Wal-Mart Asia.
Wal-Mart Brazil President and CEO Vicente Trius Promoted to Executive Vice President, President and CEO of Wal-Mart Asia, International
today announced the appointment of Vicente Trius as Executive Vice President, President and CEO of Wal-Mart Asia, International.