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 National Labor Committee is taking on Wal-Mart for its treatment of sweatshop workers.
Oliver Mulcahy, is strategically located to help create and manage an ongoing relationship with Wal-Mart stores (NYSE:WMT), to facilitate the distribution of products through Wal-Mart stores on behalf of DMG marketing clients.
The weekend vandalism caused damage estimated by sheriff's deputies at more than $88,000, but a Wal-Mart spokeswoman said the damage won't delay the store's planned opening in late August.
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.
Wal-Mart quickly distanced itself from the remark, as did Young himself.
All these initiatives are put in the service of a single overarching objective--keeping Wal-Mart and similar big-box firms from entering urban retail markets dominated by old-line supermarkets.
Then Wal-Mart came along, offering urbanites food at the same low prices charged in the suburbs.
There is also the company's unapologetic grubbing for government handouts--though even here, the film steals a few bases by counting as subsidies all welfare benefits received by Wal-Mart employees, as though these were a cost the store imposed on taxpayers by failing to pay higher wages.
And there is the drain on states and counties by full-time Wal-Mart associates who are forced to use Medicaid, food stamps and other public-assistance programs.
While the company's pay may seem attractive to Austin residents who are unemployed or working low-wage jobs, some neighborhood activists say current Wal-Mart employees at a nearby store still need help paying their bills.
Morgan Stanley reports that food sales to Wal-Mart are growing by twenty percent annually, which is similar to reported growth in organic food sales overall.
Tomorrow morning," he said, "we need you to pray for the City Council to vote for Wal-Mart in this community.