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 regulator said, "@CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc." Mergers and acquisitions beyond a certain threshold require the approval of the Competition Commission of India (CCI).

Competition Commission clears Walmart's acquisition of Flipkart

Holley served in various roles in Wal-Mart International from 1994 through 2002.

Former Wal-Mart CFO Holley Named to Amgen Board of Directors

Ramnik Narsey, then a senior vice-president at Wal-Mart International, was appointed interim CEO.

Wal-Mart names new India head after Bharti breakup

"Wal-Mart International will drive growth, will drive aggressive growth," Doug McMillon, Wal-Mart's CEO of International Operations, said at a meeting for analysts that was held in Bentonville in October.

Wal-Mart takes on the world: despite setback in India, retailer to push already explosive growth in global markets

In a statement, Doug McMillon, president and chief executive of Wal-Mart International, made clear his company is pursuing a regional strategy.

Wal-Mart's firm offer

Wal-Mart International president and chie f executive Doug McMillon warned trading conditions were likely to remain tough.

Asda struggles as it sees sales slip again; GIANT LOSES GROUND TO RIVALS LIKE MORRISONS

Wal-Mart International president and chief executive Doug McMillon yesterday warned trading conditions were likely to remain tough.

Asda stung by spending drop

in April 2003 and became vice chairman and head of Wal-Mart International in September 2005.

Scott passes the torch to duke at Wal-Mart

Beyond steering the international business with a sure hand as vice chairman of Wal-Mart International, Duke brings to the chief executive officer spot wide-ranging retail experience, analysts said.

Wal-Mart enters the Duke era

Prior to joining, Vukich held positions at Dell and Wal-Mart International. Joe McKie, Winn-Dixie's vice president of corporate brands, is responsible for overseeing all aspects of the company's corporate brands initiatives, including the redesign and relaunch of Winn-Dixie's private-label products.

Winn-Dixie Stores has appointed four executives to run initiatives on pricing, private label, buying and benefits

will be offset by increases at Wal-Mart International. The retailer projects worldwide spending of $14 to $15 billion in each of the next two years, with a focus on emerging markets.