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 ?
Total Year Name Title Company Compensation 2016 Marc Lore EVP Wal-Mart Stores Inc.
In December 2005, the California Attorney General's Office began an investigation into allegations that Wal-Mart stores in California were scanning items at a higher price than the prices advertised on store shelves and signs.
With a half-million dollar gift from the Wal-Mart Foundation to support its Healthy Delta diabetes initiative the DRA will host a series of "Hometown Health Fairs" at Wal-Mart stores beginning in Jonesboro, Ark.
A recent consumer survey that measured the opinions of New Yorkers about the opening of Wal-Mart stores within the city's five boroughs revealed that a majority (62%) would welcome the discount retailer to the city.
For Wal-Mart Stores, which will require the 100 top suppliers to its stores to begin phasing in the technology on product cases and pallets in January 2005, the tiny devices could boost annual revenue companywide by up to 4%.
If you wonder why more Latin American countries aren't jumping on the free-trade bandwagon, look no further than the cutthroat business practices of the world's largest private company, US$245 billion-in-revenues Wal-Mart Stores.
The move came a day after federal agents arrested 245 illegal workers in a 21-state sweep of 60 Wal-Mart stores and the company's headquarters.
Today, Peterson uses those same leadership skills as senior vice president of human resources at Wal-Mart Stores.
However, in spite of topping the Fortune 500 list, the company has been battling a drop in sales at its US stores for the last seven quarters and in spite of profits and increase in revenues at its global operations, Wal-Mart Stores has been struggling in the US.
Net sales for Wal-Mart Stores for the four-week period ended Aug.
Last April, Wal-Mart CEO Lee Scott announced the Jobs and Opportunity Zone, a program in which 10 designated Wal-Mart stores will work with the surrounding local businesses and suppliers to spur job creation and economic development.
The proposed Wal-Mart store will be located on two levels and will be one of the first Wal-Mart stores in the nation to feature multiple levels and deck parking.