Wal-Mart

(redirected from Wal-Mart Stores USA)

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 ?
"We have worked hard to provide high-quality, affordable health care to our associates, and this additional focus on wellness steps us up to a new level," says Wal-Mart Stores USA president and chief executive officer Eduardo Castro-Wright.
The retailer, which earlier set plans to remodel 1,800 units, will complete the remodels of 1,200 stores this year, and the remaining units will be remodeled in 2007, said Eduardo Castro Wright, chief executive officer of Wal-Mart Stores USA. The remodels of the home area are taking the longest to complete, and "home is probably the least done," he said.
Much of the impetus for this change has come from co-vice chairman John Menzer, who exchanged responsibility for the International division with co-vice chairman Mike Duke, who led the Wal-Mart Stores USA segment until October.
He will report to Tom Coughlin, president and CEO of Wal-Mart Stores USA, who will now also be president and CEO of Sam's Club USA.
Heinz USA 9 Colgate-Palmolive USA 9 AstraZeneca England 9 (*.) Reflects total corporate revenues (**.) Reflects Coca-Cola and Coca-Cola Enterprises Source: Grocery Headquarters research Wal-Mart tops the distributor list Selected food industry distributors Home Approximate Ranking Distributor nation 1998 revenues [*] ($ billions) 1 Wal-Mart Stores USA $140 2 Metro Germany 52 Carrefour/Promodes France 52 [**] 4 Kroger USA 43 [***] 5 Albertson's USA 36 [***] 6 Koninklijke Ahold Holland 29 7 Tesco England 28 8 Ito-Yokado Japan 25 J.
Comparable-store sales at its Wal-Mart Stores USA division--which includes domestic Supercenters, discount stores and Neighborhood Markets--surged 6.1%, driven by gains in all six of its major merchandise units (consisting of grocery, entertainment, health and wellness, apparel, home and hard lines).
Sam's same-store sales for the year rose 5%, outpacing the Wal-Mart Stores USA division, which recorded a 3% increase.
That was the message from Eduardo Castro-Wright, president and chief executive officer of Wal-Mart Stores USA, during the conference here.
According to Wal-Mart Stores USA president and CEO Eduardo Castro-Wright, the comparable-store sales growth in the fourth quarter was driven by a 3.4% rise in the average transaction, which offset an unspecified decline in customer traffic.
Simon will report to Eduardo Castro-Wright, president and chief executive officer of Wal-Mart Stores USA.
"We see it as a next step in evaluating the impact we leave on the environment as we look toward smart growth and sustainability in the building of our new stores," said Mike Duke, executive vice president and chief executive officer of Wal-Mart Stores USA.
Jack Sinclair has been named executive vice president of grocery merchandise for the Wal-Mart Stores USA division.