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Wal-Mart
(redirected from Walmart)

   Also found in: Acronyms, Wikipedia 0.01 sec.
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.


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A lot of stores, including WalMart are starting their black Friday sales early this year to get ahead with the holiday season and more people into their store.
info</a>&nbsp;obtained all the information that wasn't supposed to be released so soon but published it with permission from Walmart, the sites' founder Jon Vincent said, according to the Christian Science Monitor.
Mike Duke, Walmart president and chief executive officer said of the results: "Increased productivity and improved inventory management led to a better customer experience and contributed to our strong financial performance.
 
 
 
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