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.
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References in periodicals archive ?
-- In a move that reflects its rapid transformation from an operator of brick-and-mortar stores into a truly omnichannel platform, the world's largest retailer is officially changing its legal name from Wal-Mart Stores Inc. to Walmart Inc.
Total Year Name Title Company Compensation 2016 Marc Lore EVP Wal-Mart Stores Inc. $273.9 million 2015 C.
Wal-Mart Stores Inc. said the store closures will affect 16,000 workers, 10,000 of them in the U.S.
NEW YORK -- Wal-Mart Stores Inc. is hiring 55,000 seasonal workers and is elevating 70,000 more to part- or full-time positions as the holiday season ramps up.
-- Wal-Mart Stores Inc. has added a new wrinkle to its generic drug program, offering a 90-day supply of about 300 generic prescriptions for $10, with free delivery by mail.
Wal-Mart Stores Inc. plans to open 191 stores in fiscal 2009 and between 142 to 157 stores in fiscal 2010, down from the 218 stores opened in fiscal 2008.
entonville, Ark.-based Wal-Mart Stores Inc. said it has donated $100,000 to the American Red Cross to help with disaster relief for Haiti, which was hit hard by Hurricanes Gustav and Ike both hit the island nation in August and September."Because we touch communities throughout the Americas, we can help people in times of need in so many ways," said Craig Herkert, president and ceo of the Americas for Wal-Mart Stores, Inc.In addition to the corporate donation, Wal-Mart Puerto Rico donated $7,000 to the Red Cross and $3,000 to the Caribbean Haitian Committee for hurricane victims.
New York stocks moved higher on broad-based buying Thursday morning, propelled by solid earnings reports from Wal-Mart Stores Inc. and PepsiCo Inc., with the Dow briefly reaching a new high.
Wal-Mart Stores Inc. announced that it is extending its $4 generic prescription drug plan to another 12 states, including New Hampshire.
RECENTLY RECEIVED A $5 MILLION cash investment from Wal-Mart Stores Inc., making the minority-owned food manufacturer the first beneficiary of a private small business equity fund established by the national retailer.
and retail giant Wal-Mart Stores Inc. are partners in a new $300 million expansion of Mexico's Pacific port of Lazaro Cardenas, according to a February 12 report from Reuters news service.