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 ?
Furman notes that the possible decline in wages is minuscule compared with what the typical family saves by shopping at Wal Mart: nearly $800 per year on groceries alone, a savings that's especially valuable to the many low-income shoppers at Wal-Mart.
* "Wake up and smell the coffee, Supermarkets, Wal mart is comin' to get ya, and' yes' they must have different marketing strategies soon, or Wal-Mart will say ...
'To date, no glitches--only positive glimpses of what's to come,' Wal Mart Chief Information Officer Linda Dillman said Tuesday."--Seattle Post-Intelligencer, May 20, 2004