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 ?
The Cornucopia Institute, an organic farming watchdog, says it first encountered Wal-Mart's misrepresentation at an upscale-market test store in Piano, Texas.
Wal-Mart officials also expect the low prices to bring shoppers to Wal-Mart stores, and they think it's about time that someone tries free enterprise in the healthcare market.
Industrial food, he writes, "only seems cheap, because the real costs are charged to the environment (in the form of water and air pollution and depletion of the soil); to the public purse (in the form of subsidies to conventional commodity producers); and to the public health (in the cost of diabetes, obesity and cardiovascular disease), not to mention to the welfare of the farm- and food-factory workers and the well-being of the animals." Though the travel and packaging costs of local food are dramatically lower than those of industrial organics, local products tend to carry a higher price tag, and Pollan is worried that Wal-Mart will drive them out.
Democratic presidential hopeful Joe Biden of Delaware recently claimed that Wal-Mart fails to "care about the fate of middle-class people." And Business Week's Anthony Bianco has just published a screed, "The Bully of Bentonville: How the high cost of Wal-Mart's everyday low prices is hurting America."
Very few black people own these stores." Wal-Mart quickly distanced itself from the remark, as did Young himself.
Like many other retail chains that cater to working-class Americans, Wal-Mart is a victim of an uneven economic recovery that has benefited well-heeled shoppers more than those in the lower-income rungs.
It's no secret that Wal-Mart's low-cost business model relies heavily on paying its employees what can reasonably be called poverty wages.
20, five Wisconsin women filed a complaint on behalf of workers in Wal-Mart's region 14, which includes parts of Illinois, Indiana and Michigan as well as Wisconsin.
According to an investigation launched by The New York Times, Wal-Mart longed to open a store in Elda Pineda's alfalfa field, a location, just off this town's bustling main entrance and barely a mile from the pyramids, and draws tourists from around the world.
Wal-Mart executives dropped the measles map in 1994, because, well, a lot of people thought of the company's growth as something close to a cancerous malady corrupting the body politic.
The primary subject of the case is the development of a marketing strategy for Wal-Mart to improve "same store" U.S.
Among Mexican consumers, the myth about Wal-Mart is that they have more American brands and products than any of the other chains, that American products are better than products, from Mexico or any developing country, and that means that Wal-Mart isn't as cheap as it could be if it really sold Mexican products.